The SFR Show

Kendall Bazan is a data-driven marketing professional with 10+ years’ experience, with a focus on fintech and investment management software. She previously worked for a large, multinational enterprise software company and came to Fund That Flip when there were fewer than 20 people on board. She has helped grow the company from originating $50million to over $500million in the past three years, doubling the customer base each year with exponential revenue growth. She is also a new real estate investor herself, after she and her husband both bought their first rental properties in Columbus, OH in early 2020!

In this episode, Kendall shares what people should be thinking about if they want to take on a fix and flip project in today’s market.

 

Episode Links:

https://www.linkedin.com/in/kendallkrawchuk/

https://learn.fundthatflip.com/real-estate-investing-blog/author/kendall-bazan

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Transcript

 

Before we jump into the episode, here's a quick disclaimer about our content. The Remote Real Estate Investor podcast is for informational purposes only, and is not intended as investment advice. The views, opinions and strategies of both the hosts and the guests are their own and should not be considered as guidance from Roofstock. Make sure to always run your own numbers, make your own independent decisions and seek investment advice from licensed professionals.

 

Michael:

What's going on everyone? Welcome to another episode of the Remote Real Estate Investor. I'm Michael Albaum and today I'm joined by Kendall Bazan, the CMO of Fund That Flip, and she's gonna be talking to us today about all of the things flippers, whether you're new or seasoned, should be aware of both in getting their business started, and keeping it rolling. So let's get into it.

 

Kendall Bazan, welcome to the Remote Real Estate Investor. Thanks for taking the time to hang out with me today, I really appreciate you coming on.

 

Kendall:

For sure, Michael, I'm so excited to be here. Thanks for having me.

 

Michael:

Oh, my pleasure. So you are the chief marketing officer for Fund That Flip, right?

 

Kendall:

That's right.

 

Michael:

Awesome. Well, I know a little bit about your background, we were chatting just before we hit the record button. But I would love if you could share with our listeners, who you are, where you're coming from and what it is that you're doing in real estate.

 

Kendall:

Absolutely, that sounds great. So a little bit about my background, I come from kind of an unorthodox background, both as a marketer and as a person in real estate, which I think is probably true of most people in real estate. So in a previous life, I was actually pursuing my PhD of all things, took the academic route decided and discovered that it wasn't really for me. So had, everything that goes along with that. So an identity crisis and all of that and really decided, okay, I've got to build myself back up from the ground up. So tried my hand at doing a little bit email marketing, part time for a technology company and got addicted to it. Fast forward a couple…

 

Michael:

Really?

 

Kendall:

So yeah, in my mid kind of mid to late 20s, as well. So like working alongside 18 year old’s and feeling like, okay, where am I really going in my life right now I'm late 20s. I don't know what I'm doing. Everything that goes along with that. But at things, you know, progressed, and I got some really good experience working for a software company that actually did enterprise software for commercial real estate. So got introduced to the industry and started to learn the language, which I really think if you know you're coming into real estate and don't have a background in it, it's a new language to learn, so…

So on the commercial side, you know, started learning about investment management, software, etc. And really had a serendipitous opportunity when the founder of fun that flip reached out on Angel List and said, hey, I am looking for my first marketing person. We're a s

Jason Bott joined Robertson Ryan in 2004 as a Vice President and in 2016 he became a Shareholder. Being part of Robertson Ryan, the largest independent insurance agency in Wisconsin, and a Top 100 US Agency, gives Bott the resources to handle standard and non-standard policies. He specializes in real estate risk management and has developed a national reputation for insuring real estate owners and investors of varying sizes.

The short-term rental space has become more accessible over the last several years, with industry leaders like Airbnb currently boasting 5.6 million active listings worldwide. Short-term rentals can be an attractive alternative to long-term rentals because of the increased cash flow on your investment. Before deciding to rent a portion of your home for a vacation rental, though, you need to consider how your homeowner's insurance views short-term rentals. In this episode, Jason will walk us through the short-term rental space and what we as landlords need to know about the types of insurance that are available.

Episode Links:

[email protected] 

https://www.robertsonryan.com/

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Before we jump into the episode, here's a quick disclaimer about our content. The Remote Real Estate Investor podcast is for informational purposes only, and is not intended as investment advice. The views, opinions and strategies of both the hosts and the guests are their own and should not be considered as guidance from Roofstock. Make sure to always run your own numbers, make your own independent decisions and seek investment advice from licensed professionals.

 

Michael:

What's going on everyone? Welcome to another episode of the Remote Real Estate Investor. I'm Michael Albaum, and today I'm joined by Jason Bott an insurance broker with Robertson and Ryan, and Jason's gonna be talking to us about the short term rental space and what we as landlords need to know about the types of insurance that are available. So let's get into it.

 

Hey, Jason, welcome to the show. Thank you so much for taking the time to hang out with me today. I appreciate you.

 

Jason:

Thanks for having me.

 

Michael:

No, my pleasure. So for those folks that don't know who you are, give us a quick bio on who you are, where you're come from, and what it is you're doing real estate.

 

Jason:

Sure. My name is Jason Bond, I'm an insurance commercial insurance broker with Roberts, Ryan and Associates based on Waukee. I currently write about 25,000 units in 30 states with my team and we specialize in the real estate space, specifically in small to mid-size landlords. So anybody that's got a small single family portfolio, kind of building that all the way up to some of my largest clients have maybe up to 1000 units but that's kind of the space that operated

 

Michal:

Right on and today, we're gonna be talking about a super-hot topic that's been popping up all over the real estate space, short term rentals. So I would love if you could just give us kind of a high level on what people need to be aware of what questions they should be asking. But maybe we could start with like, if someone's going to go get an insurance policy and they own like they own the property, its landlord, give us a breakdown of all the different types of policies they could get if it's your long term rental, and we can build up to the short term.

 

Jason:

Sure, sure, yeah and this is such a fast moving space, at least in the insurance world terms at the insurance market hasn't fully developed to take on the short term rentals. So it's still in flux and even if somebody listened to this five years from now, it's probably going to even be more, it might even be fully developed at that time who knows. But the way they traditionally the way that the insurance world works is a property in a sort of building the insurance policies based on the occupancy so you could have your homeowner's policy, a long term rental, you could have it use for business and retail, industrial, or basic

Andrew Davis is the Director of Investor Relations for PassiveInvesting.com, where he has helped raise over $200 million dollars for various assets. He began his career in sales, working for Fortune 500 consumer packaged goods companies, receiving multiple promotions and developing leadership, sales, marketing, and operational experience. Andrew is passionate about real estate investing since his early college years, he began the “side hustle” of investing in single family RE in his 20’s, and raised capital from friends, family, and in some cases complete strangers to acquire his first few deals. After building his single family portfolio to 16 units, he became frustrated with the inefficiency of scaling single family homes and began aggressively looking for opportunities in multifamily real estate. That led him to PassiveInvesting.com and the opportunity to align his skill set, and interests with his day to day, and work with a leader in the space.

In late 2008, a little company you may have heard about was introduced: Airbnb. Over the decade to follow, this on-demand hospitality platform has made a quick and steady climb into the international powerhouse that it is today. It is frequently lauded by solo backpackers, families, and business professionals alike, helping link travellers with unique, secure, and enjoyable lodging both local and across the world. In today’s episode Andrew will share about his personal investment where he's developing some raw land and putting some Airbnb cottages on it and how he is working as an ideal Airbnb host.

Episode Links:

https://www.passiveinvesting.com/andrew-davis/

https://www.linkedin.com/in/andrew-davis-1361b238/

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Transcript

Before we jump into the episode, here's a quick disclaimer about our content. The Remote Real Estate Investor podcast is for informational purposes only, and is not intended as investment advice. The views, opinions and strategies of both the hosts and the guests are their own and should not be considered as guidance from Roofstock. Make sure to always run your own numbers, make your own independent decisions and seek investment advice from licensed professionals.

 

Michael:

Welcome to another episode of the Remote Real Estate Investor. I'm Michael Albaum and joining me again today is Andrew Davis from passiveinvesting.com. But today Andrew is talking to us about his personal investment where he's actually developing some raw land and putting some Airbnb cottages on it. So let's get into it.

 

Andrew Davis, what's going on, man? Welcome back to the podcast. Happy to have you,

 

Andrew:

Michael, it's so good to be back.

 

Michael:

Yeah, awesome. So before we hit record here, you were just telling me about what it is that you're working on in your personal portfolio and that's really what I want to focus on today. But for those of you that may have not caught your prior episode about passive investing, give us a quick elevator pitch who you are, where you're coming from, and what is it that you're doing real estate?

 

Andrew:

Yeah, absolutely, so let's see. I'm Andrew Davis. I'm the director of Investor Relations for passive investing calm and we are a commercial real estate private equity group, we partner with individual passive investors to acquire really solid multifamily self-storage, carwash assets throughout primarily the Sunbelt markets. And really our goal as a group is to build wealth alongside our investors for the long term and to that end, we are continuing to source just tremendous risk adjusted recession resistant investments and begin to partner with now over 1800 passive investors that are a partner with us and our different assets. So that's my, that's my day job, what I do day to day, and I and I love it. And I came from kind of came from the sales, consumer packaged goods world, which I liked the people aspect and didn't love what I was doing. So truly enjoy what I'm doing and getting to work with investors every day.

 

Michael:

Ri

John Burns co-authored Big Shifts Ahead: Demographic Clarity for Businesses, a book written to help make demographic trends easier to understand, quantify, and anticipate. Before founding John Burns Real Estate Consulting in 2001, John worked for 10 years at KPMG Peat Marwick—2 as a CPA and 8 in their Real Estate Consulting practice. John Burns founded the company to help business executives make informed housing industry investment decisions. The company’s research subscribers receive the most accurate analysis possible to inform their macro investment decisions, the company’s consulting clients receive specific property and portfolio investment advice designed to maximize profits.

Gary Beasley is CEO and Co-Founder of Roofstock, the leading online marketplace for buying, selling and owning single-family rental investment homes. Recognized as a leader in the future of real estate, Roofstock was featured on Forbes' 2019 Fintech 50 list. Gary has spent most of his career building businesses in the real estate, hospitality and tech sectors. After earning his BA in economics from Northwestern, Gary ventured west to earn his MBA from Stanford, where he caught the entrepreneurial bug and still serves as a regular guest lecturer. Immediately before starting Roofstock, Gary led one of the largest single-family rental platforms in the U.S. through its IPO as co-CEO of Starwood Waypoint Residential Trust, now part of Colony Starwood Homes.

In this episode, we discuss the current state of the real estate market and the economy more broadly. Gary and John share their thoughts on what has been happening year over year in the housing market; what 40-year highs of inflation, rising interest rates, and geopolitical unrest mean for real estate investors; and highlight some of the risks that investors are faced with today.   

Episode Links:

https://www.realestateconsulting.com/

https://www.linkedin.com/company/john-burns-real-estate-consulting/

https://www.linkedin.com/in/gary-beasley-956647/

https://www.roofstock.com/

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Transcript

Before we jump into the episode, here's a quick disclaimer about our content. The Remote Real Estate Investor podcast is for informational purposes only, and is not intended as investment advice. The views, opinions and strategies of both the hosts and the guests are their own and should not be considered as guidance from Roofstock. Make sure to always run your own numbers, make your own independent decisions and seek investment advice from licensed professionals.

 

Michael:

Hey, everyone, welcome to another episode of the Remote Real Estate Investor. I'm Michael Albaum and today with me I have two very heavy hitters in the real estate space. John Burns, CEO of John Burn's real estate consulting, and Gary Beasley, co-founder and CEO of Roofstock. So without further ado, let's jump into hearing their thoughts and opinions around what's been going on in today's real estate market.

 

John Burns and Gary Beasley so happy and excited to have you both back on the podcast. Thank you for taking the time to hang out with me today.

 

John:

You bet.

 

Gary:

Hey, Michael, great to see you.

 

Michael:

So I of course, know a little bit about both of your backgrounds and who you are. But for those of our listeners that might not be familiar with who you both are, if you could give us a quick two minute, two second intro of who you are, where you come from, and what it is you're doing in real estate and John, if you want to go ahead and start, that'd be great.

 

John:

Okay, I'm the CEO of John Burn's real estate consulting, I founded it back in 2001, to figure out what's going on the housing market for a lot of people, mostly big companies and that's what we do.

 

Michael:

Love it and Gary?

 

Gary:

Sure, I am Gary Beasley, I'm the co-founder and CEO of Roofstock and we've been at this for about six and a half years now. Building out really the complete ecosystem for single family rental investors and I've known John n

At age 27, former financial advisor Rachel Richards quit her job and retired. She now lives off $15,000 per month in passive income. Rachel Richards is the best-selling author of “Money Honey: A Simple 7-Step Guide for Getting Your Financial $h*t Together.” She is an entrepreneur, professional speaker, and investor. In her newest book, "Passive Income, Aggressive Retirement," Rachel dives deep into the topic of passive income and financial independence. She explains why building self-sustaining income streams is so brilliant. She outlines 28 different passive income models and how to start creating them.

For most of us, retiring at 27 sounds like a dream, and while it may seem unattainable, it’s certainly not impossible, as we learn from Rachel. In today’s episode, she sheds light on how real estate played a key role in achieving financial freedom. We learn about her real estate journey so far, the metrics she focuses on, and how she ensures that a property will ultimately be a worthwhile investment. Although the rental income she makes from properties is now passive, Rachel does not sugar coat the effort it took to get her into this position.

Episode Links:

https://theshorttermshop.com/

https://www.instagram.com/moneyhoneyrachel/

https://www.moneyhoneyrachel.com/

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Transcript

Before we jump into the episode, here's a quick disclaimer about our content. The Remote Real Estate Investor podcast is for informational purposes only, and is not intended as investment advice. The views, opinions and strategies of both the hosts and the guests are their own and should not be considered as guidance from Roofstock. Make sure to always run your own numbers, make your own independent decisions and seek investment advice from licensed professionals.

Michael:

Hey everyone, coach Michael here from the Roofstock Academy just wanted to let everyone know we had Avery Carl on our show a while back and she was talking to us about short term rentals and she was actually kind enough to host me on her show as well. Theshorttermshop.com you can find that anywhere you get your podcasts, and I did an episode with her and it's titled dig your well before you're thirsty. We're talking a little bit about my story and some of my coaching background. So definitely go check that out. We want to support her show as well. You'll find the link in the description right below. Let's get back to the episode

Michael:

What’s going on everyone? Welcome to another episode of the Remote Real Estate Investor. I'm Michael Albaum and today with me I have a very special returning guest Rachel Richards of money, honey and today Rachel's talking to us about syndications and also her thoughts, predictions, and where we are in today's market. So let's get into it.

 

Rachel Richards, thanks so much for coming back with me and hanging out. I really appreciate you taking the time.

 

Rachel:

Yeah. Thanks for having me again. This is so fun.

 

Michael:

Oh, my pleasure. You're one of the really fun one. So we're happy to have you back and so excited to hear and chat with you today, because we're talking about syndications and the current market conditions. So definitely, definitely excited to hear from you. For maybe our listeners that aren't familiar with what syndications are, can you just give us a quick two second definition? What is it, how do they work?

 

Rachel:

Absolutely! Real Estate syndications are one of my favorite things to talk about right now. So let's say there is a $10 million apartment complex, and an investor wants to buy it but she can't afford it, she can form something called a syndication. This allows her to raise money from private investors, people like you and me. So we can pool our money together to buy this large piece of real estate that otherwise we all might not be able to buy. So we can pull our money together, buy this piece of real estate, the cool thing is we are not lending our money to this syndication or to the syndicator. So we'r

They say that you date your real estate agent and marry your property manager! So choosing a property manager requires quite a bit of scrutiny. A solid relationship with a good property manager is critical to the performance of your investment. But many property managers know what owners want to hear and getting past those surface questions is important to gauge their experience and capacity.

In this episode, Michael, Emil, and Tom will share the interview questions they use to evaluate a property manager.

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Transcripts

Before we jump into the episode, here's a quick disclaimer about our content. The Remote Real Estate Investor podcast is for informational purposes only, and is not intended as investment advice. The views, opinions and strategies of both the hosts and the guests are their own and should not be considered as guidance from Roofstock. Make sure to always run your own numbers, make your own independent decisions and seek investment advice from licensed professionals.

 

Emil:

Hey, everyone, welcome back for another episode of the Remote Real Estate Investor. My name is Emil Shour and today I'm joined by…

 

Tom:

Tom Schneider

 

Michael:

and Michael Albaum.

 

Emil:

And on this episode, we're going to be doing a round table finding out what our favorite questions to ask as we're interviewing new PMS. So let's hop into this episode…

 

Jents, how you doing? What's going on? What's new? Tom, where are you first?

 

Tom:

Great question. Physically I am in my garage, I… in previous episodes talked about building a little office shed prebuilt. Just really going through the wringer on it, I started the process tried to do it quickly, like maybe not permitted and…

 

Michael:

Maybe not permitted used to say…

 

Emil:

I hope the inspector is not watching…

 

Tom:

It doesn't matter, man I'm in…

So long story short, get to a Tom, I if I'd made it 120 square feet, you can do whatever you want, basically but I made it 180 square feet and I had a NIMBY neighbor calling me as they were pouring concrete. So just basically had to like start from square one, get approvals on design from the city then get sanitation review and now I'm in plan check and they're asking like very detailed structural questions. So now I need to like pay for an engineer to answer these questions and yeah, I'm in the garage right now. So I would I wish I was in my new little office but I got a newborn, who's in what was previously my office. So long story long, here. I am at the garage.

 

 

Emil:

You relegated to the garage. That's your new office?

 

Tom:

Yes, yeah. But it's good, it’s got gym in here and do some TRX and squats. Try not to hurt myself in between meetings. But…

 

Michael:

Nice…

 

Emil:

Awesome, now Michael what's going on?

 

Michael:

I got a little have a couple different refinances. So I closed one last week, which is awesome cash out refinance and then I've got three more hopefully closing this week and we're looking at purchasing making a purchase here kind of shortly. So getting very excited and geared up for that…

 

Tom:

Purchase more short, short term, or what do you what are you getting into?

 

Michael:

I think I'm gonna do short term and do some more short term, add that to the portfolio and juice that cash flow. What about you Emil, what’s going on?

 

Emil:

So it's actually lends itself well for the topic today. So I got a an email last Friday, from my property manager in Jacksonville, basically saying they've they're discontinuing service in these three zip codes, because they've found them to be management intensive, whatever they probably want to focus on, you know, maybe some zip codes where they get higher rent, higher fees, whatever it is, they don't like managing them. So I'm on the lookout for a new property manager. So I figured, you know, what better way than to use that as a topic for an episode? Like what, what questions you ask, you know, I haven't, haven't gone through in a while, but figure be good to just thi

Dana Dunford is the CEO and co-founder of Hemlane, a technology-enabled property management platform. Through real estate she became a strong advocate of purchasing properties anywhere, as the best investments are not typically in your backyard. Dana helps real estate investors set up the most intelligent process to manage rentals from a distance, while connecting them with local, licensed professionals.

Russia’s attack on Ukraine has taken financial markets by surprise and its consequences are already having a severe impact upon energy, transport and logistics, stocks and assets. To help you stay understand the situation, Dana will talk us through in today’s episode how likely the war in Ukraine is going to impact and affect our economy locally in the States as well as the real estate investment market.

Episode Links:

https://resources.hemlane.com/author/dana-dunford/

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Transcript

Before we jump into the episode, here's a quick disclaimer about our content. The Remote Real Estate Investor podcast is for informational purposes only, and is not intended as investment advice. The views, opinions and strategies of both the hosts and the guests are their own and should not be considered as guidance from Roofstock. Make sure to always run your own numbers, make your own independent decisions and seek investment advice from licensed professionals.

 

Michael:

Hey everyone, welcome to another episode of the Remote Real Estate Investor. I'm Michael Albaum, and today I'm joined by Dana Dunford, CEO and co-founder of hemline property management and today Dana and I are talking about a pretty heavy and serious topic and that's the war in Ukraine, and how it's likely going to impact and affect our economy locally here in the States as well as the real estate investment market. So let's get into it.

 

Dana Dunford, welcome back to the pod, so happy to have you on. Thanks for taking the time.

 

Dana:

Yeah, thanks for having me back on. It's been a while.

 

Michael:

I know it's been too long and in between our last recording, and now you gotten some series a funding, right?

 

Dana:

We did, we did. We announced it in January and now we're on the property management side, ready to ready to rock and roll and provides more innovation there.

 

Michael:

Oh, congratulations. That is super exciting. So today, I was hoping that we could talk about kind of a more serious topic, a bit of a heavy topic and that's how the war in Ukraine is likely to affect our economy here locally in the States and this is a sensitive subject, a heavy subject, there's some incredible atrocities going on right now over there. So want to be sensitive to that. But very curious to get your thoughts around what we here at home can be doing on the economy site to kind of help weather through this storm.

 

Dana:

Yeah, definitely. Um, so so just to begin with, I think, with the conflict that's happening in Ukraine, I take it back the strategist, tragedy, and think about, again, two to three years ago, also with COVID, right, basically major event that was global, that everyone was watching. And on the real estate side, we got through it, we got through it together, and we got through it also with our tenants, and with communication. So at the end, I want to really talk about that of like, next steps, actions you can do as a current landlord, and what you should be doing immediately, what you should be doing during your lease renewals, and how to handle what is happening today in the news and in the economy. But a lot of questions that I do get is, you know, from the real estate investor perspective, hey, how is this on the rental side going to affect be here at home as well. And so from there, I think the first thing to talk about is essentially the economy. I'm not a politician. So politics stay 100% away from I will really talk about about rentals themselves. There'll be some things I want to talk about in here, such as short term rentals and development. That's n

Jason Bott joined Robertson Ryan in 2004 as a Vice President and in 2016 he became a Shareholder. Being part of Robertson Ryan, the largest independent insurance agency in Wisconsin, and a Top 100 US Agency, gives Bott the resources to handle standard and non-standard policies. He specializes in real estate risk management and has developed a national reputation for insuring real estate owners and investors of varying sizes.

Understanding risk management in real estate is crucial to protecting your hard-earned assets. Being proactive and educating yourself as to where risks lie can save you a lot of time, money, and headaches in the long run. In this episode, Jason talks us through all the things that we need to be aware of as property owners when it comes to insurance.

 

Episode Links: https://www.robertsonryan.com/

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Before we jump into the episode, here's a quick disclaimer about our content. The Remote Real Estate Investor podcast is for informational purposes only, and is not intended as investment advice. The views, opinions and strategies of both the hosts and the guests are their own and should not be considered as guidance from Roofstock. Make sure to always run your own numbers, make your own independent decisions and seek investment advice from licensed professionals.

 

Michael:

What’s going on everyone? Welcome to another episode of the Remote Real Estate Investor. Today with me I have Jason Bott who's actually a personal friend and my personal broker for a lot of my Midwest portfolio. Jason is gonna be talking to us today about all the things that we need to be aware of as landlords and as investors when it comes to insurance. So let's get into it.

 

Jason Bott, man, what's going on? Happy to have you here and thanks for taking the time.

 

Jason:

Thanks, Michael. It's always great to talk with you.

 

Michael:

No, it's always a pleasure. So I, of course, know who you are and we'll get into that in just a minute. But I'm curious if you can give everyone a little bit of background on who you are, where you're come from, and what it is that you're doing with real estate.

 

Jason:

Sure. So my name is Jason Bott, I am based in Milwaukee, Wisconsin, and I'm a commercial insurance broker and I've been specializing in the space for about six or seven years exclusively and so I currently write about 25,000 units and in about 30 states. So in any state that you can find reasonably priced real estate that cash flows, that's usually more where some of my clients are.

 

Michael:

Okay.

 

Jason:

And I've been part of the firm, I'm a shareholder at the Robert surronding associates we are top 100 Insurance Agency in the US and you have been doing this for bots, about 20 years now.

 

Michael:

Right on and so in full disclosure, for everyone listening, Jason is actually my insurance agent, we got connected like I think three or four years ago now

 

Jason:

I think it's about four now.

 

 

 

Michael:

Yeah and Jason has been handling the vast majority of my Midwest portfolio, and I've been a very satisfied customer. So thank you, Jason.

 

Jason:

Hey, thank you, Michael, we always appreciate the business.

 

Michael:

No, absolutely. So for those of our listeners that are brand new to insurance, maybe looking to purchase their first rental or are now taking a look at their insurance. What are some high level terms that people need to be aware of? So they can talk intelligently with insurance brokers or agents?

 

Jason:

Sure. So I would say that the main thing that everybody comes up with is should I do actual cash value replacement cost.

 

Michael:

Okay.

 

Jason:

And I mean, that's probably the most universal question of the mall and it's very difficult sometimes to get replacement costs. If you're buying a let's, I mean, that in this market, but let's say three or four years ago, you could pick up a house for 20, grand 30 grand, and it was really difficult to get replacement costs at that low of a level, so you know, you're

Chandra Lacy’s career in real estate is one of her greatest passions. Years ago she saw a shift in the market, and with the dramatic decrease in inventory, she realized that there was a need to find more homes for her clients. The key was going to be to create them. Chandra immediately began to work with investors to assist in renovating properties to create beautiful "like-new" homes. This experience has been such a fulfilling part of her business and has created stronger relationships with her clients to help them find and purchase the home of their dreams. 

As co-founder of YILA, Chandra has been crucial in its ability to effectively scale to 90 units in just 9 months. In this episode, Chandra will share her journey in the real estate business, how she achieved her goal to become an owner of so many properties so quickly, and finally, she tells us about her passion for teaching women how to invest in real estate and build residual income.  

Episode Links: 

https://www.instagram.com/chandralacyrealestate_/?hl=en  

https://www.instagram.com/yilahomes/  

http://yilahomes.com/  

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Before we jump into the episode, here's a quick disclaimer about our content. The Remote Real Estate Investor podcast is for informational purposes only, and is not intended as investment advice. The views, opinions and strategies of both the hosts and the guests are their own and should not be considered as guidance from Roofstock. Make sure to always run your own numbers, make your own independent decisions and seek investment advice from licensed professionals. 

 

Michael: 

What's going on everyone? Welcome to another episode of the Remote Real Estate Investor. I'm Michael Albaum, and today I'm joined by Chandra Lacy and she's going to be talking to us today about how she scaled 90 units in just under nine months. So let's get into it. 

 

Chandra, thank you so much for taking the time to hang out with me today. I really appreciate you coming on. 

 

Chandra: 

Absolutely, I'm so excited to be here. 

 

Michael: 

We're excited to have you. So we're gonna be talking about some really interesting stuff, I think it's interesting anyhow, I think you find it interesting. Hopefully our listeners will too. 

 

Chandra: 

Right, beyond interesting. 

 

Michael: 

Right, so I before we were recording here, I was learning a little bit about your background. But before we get into the nuts and bolts here, I would love if you could share with all of our listeners, who you are, where you're coming from, and what it is that you're doing real estate. 

 

Chandra: 

Yeah, thank you for, thank you one, I'm a huge fan, I know we kind of did our intros. But I'm such a huge fan of this podcast and you've had some very exciting investors that I have, like taken rigorous notes from so it's fun to be here and I love just hearing about this because I, I'm remotely invest and so it's exciting to be here, so… 

 

Michael: 

In the right place. 

 

Chandra: 

Right? This is my people… 

 

Michael: 

Right… 

 

Chandra: 

So I have just a very interesting story, and I love sharing it. So I appreciate the opportunity to share it. Um, I pretty much hit rock bottom in my life. I was, I'm from Seattle originally and I was living in Texas, and I just had a baby, my son, my second child, and I had to fully Texas due to a domestic violence situation and it was devastating and my life was in shambles and fortunately for me, my parents opened up the doors to me and my two kids my brand new baby. There, they opened up the doors we were living in, well, they were living in a 1300 square foot, two bedroom, two bath home with an office. So their tiny home had me come live with them to get a new start in life and to start out. 

 

And, you know, I will say that when people are in domestic violence situations, it can be men, and it can be women, I've talked to a lot of men that are in these situations, you just not sure what to do. You're scared to start over and I will say the moment I made the

Kyle Wallitner, co-founder and managing member of Greenlight Investment Group, is a GP on over 10mm in commercial real estate. Over the last few years Kyle has demonstrated a strong track record of profitable acquisitions and exits in the commercial residential real estate space.  

As co-founder, Jeff Drasin has been crucial in the success of Greenlight's ability to effectively scale to over 200 units in 2 years. He has served in the Air Force and holds two Master's degrees, one in Psychology and another in Business Administration.  

The Greenlight Investment Group offers the comprehensive capabilities and deep industry knowledge necessary to help simplify your commercial real estate investing career. In this episode, they will walk us through their turning point when they joined the real estate world, the asset from acquisition to exit, and how they ensure a safe and efficient investing commute for their investors. 

Episode Links: 

https://www.greenlightinvestmentgroup.com/  

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Transcript

Before we jump into the episode, here's a quick disclaimer about our content. The Remote Real Estate Investor podcast is for informational purposes only, and is not intended as investment advice. The views, opinions and strategies of both the hosts and the guests are their own and should not be considered as guidance from Roofstock. Make sure to always run your own numbers, make your own independent decisions and seek investment advice from licensed professionals. 

 

Michael: 

What's going on everyone? Welcome to another episode of the Remote Real Estate Investor. I'm Michael Albaum and today with me, I have Jeff and Kyle from Greenlight Investment Group and they're going to be talking to us today about what it's like to scale in the pandemic, and then ultimately end up doing commercial multifamily syndications. So let's get into it. 

 

Jeff, and Kyle with Greenlight investments, thanks so much for taking the time to hang out with me today. I really appreciate you both coming on. 

 

Kyle: 

Yeah definitely, appreciate it. 

 

Jeff: 

Thanks for having us, Michael it’s good to be here. 

 

Michael:  

Yeah, totally. So for anyone that might not be familiar with your guys's story, or what green light investments is, would love for you to just give us a quick background and bio about yourselves in the company? 

 

Kyle: 

Yeah, so Greenlight investments. We were right now a small scale investment group we were in small scale syndications, we focus on commercial multifamily 20 unit to 100 unit properties in the Kansas City, Missouri area. 

 

Michael: 

Love it and how did you guys get started? I mean, do you guys have real estate backgrounds yourselves or did you learn about the real estate investing business, like, yeah, I could do this… 

 

Jeff: 

Kyle actually had started, he had some rentals when we worked together at the airport, and I kind of was eavesdropping and I was like, I like what he's doing. And I already had an interest, didn't really know at the time that I had already owned my first rental I was living in it. But I ended up not living beneath my means not having to sell it when I bought my next house and that's kind of got the ball rolling. 

And so Kyle, and I started sort of in earnest, I overheard them talking about it, and I was gonna take a loan out of my 401k to, you know, leverage it to get some kind of asset and so I thought cool, we'll split a four Plex. And I thought, man, we are rich, we just bought a four Plex. And we're always like, we're gonna make 10s of dollars a month. No, it was that it was just such a you know, it's just a very big, you know, triumphant thing. We didn't really, we didn't know how to we didn't know what we didn't know, which was kind of the fun that we were sort of naive. But it was it was a good time and I thought, well, seriously, we're gonna make $700 a month. But we forgot to factor in things like, I don't know, repairs and maintenance, those types of things… 

 

Michael: 

Yeah the litt