Zen and the Art of Real Estate Investing

Latest Episodes:

153: Stabilizing and Refinancing Multifamily Real Estate with Zachary Gray Jul 08, 2024

Show notes

When COVID-19 hit, Zachary Gray's career as a personal trainer tanked. That's when he realized he needed a career that was less vulnerable to those kinds of economic factors.

On this episode of Zen and the Art of Real Estate Investing, Jonathan welcomes Zachary Gray to the show. Zachary is a multifamily real estate investor who started his business about three years ago. He quickly scaled his business through partnerships and strategic investing. His focus is on stabilizing and refinancing multifamily buildings.

As their conversation begins, Jonathan and Zachary explore his early exposure to real estate, the impetus for starting his business, and how Zachary began educating himself about real estate. You'll hear why meetups initially scared him, his first and second property purchases, and why Zachary prefers to add bedrooms over living space in nearly every building purchase. He shares why he looks for tenants with multiple adults in the home who have income streams, how building partnerships has been pivotal to scaling, and the need to use lines of credit and leverage strategically. Finally, Jonathan and Zachary uncover the formula Zachary uses for offers, why he advises building a contractor database, and the value of social media in helping build relationships and partnerships with other investors.

Despite his short tenure in real estate investing, Zachary Gray quickly discovered a success formula that continues to pay dividends.

In this episode, you will hear:

Zachary Gray's early exposure to real estate
The elements that were at play when he discovered Bigger Pockets and real estate investing
The podcast episodes Zachary focused on as he started educating himself
Why meetups scared him when he first began attending
His first property purchase and the second property, which turned out to be a gem
Zachary's preference to add bedrooms over living space in nearly every building he buys
Looking for tenants with multiple streams of income in the unit instead of just one income
Building partnerships once your capital is dwindling to continue investing and realizing that investing is a team sport
Strategically implementing lines of credit and leverage
Optimizing each property before moving on to the next one
The formula Zachary uses for what he's willing to offer for a property
Being prepared to make an offer once you walk a property
Building a contractor database and creating relationships before you even get started
Using social media to your advantage to build relationships and partnerships with other investors

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If you enjoyed this episode, we've created a PDF that has all of the key information for you from the episode. Just go to the episode page at https://zenandtheartofrealestateinvesting.com/podcast/153/ to download it.

Supporting Resources:

Connect with Zachary Gray on Instagram - www.instagram.com/the1099mindset

Website - www.streamlined.properties

YouTube - www.youtube.com/c/JonathanGreeneRE/videos

Instagram - www.instagram.com/trustgreene

Instagram - www.instagram.com/streamlinedproperties

TikTok - www.tiktok.com/@trustgreene

Zillow - https://www.zillow.com/profile/StreamlinedReal

Bigger Pockets - www.biggerpockets.com/users/TrustGreene

Facebook - www.facebook.com/streamlinedproperties

Email - info@streamlined.properties

Episode Credits

If you like this podcast and are thinking of creating your own, consider talking to my producer, Emerald City Productions. They helped me grow and produce the podcast you are listening to right now. Find out more at https://emeraldcitypro.com Let them know we sent you.

152: How to Avoid the Cost of Waiting as a Real Estate Investor with Mike Schumm Jul 04, 2024

Show notes

While today's culture wants instant gratification, patience and the ability to wait can lead to rewarding dividends.

On this episode of Zen and the Art of Real Estate Investing, Jonathan sits down with his coach, Mike Schumm. Mike is a real estate investor and coach with over 35 years of experience. He is the co-founder of Profytz Coaching, an on-market coaching company. Mike has been Jonathan's coach for more than five years.

As Jonathan and Mike start their conversation, they discuss real estate uncertainty, how it impacts buyers and sellers, and why waiting to purchase can harm investors. They also explain the competition between homebuyers and investors, how to evaluate deals, and the benefits of being a hyper-local expert. Jonathan and Mike delve into the vision great investors have, a strategy they've both used as investors, and how the lack of inventory is impacting the market. They explore the difficulties of taking breaks from your investing career, the one thing all successful investors have in common, and why you must remain emotionally detached from real estate purchases. You'll also hear why offering sellers time and patience can avoid turning them off, Mike's advice for when to seek out a mentor or coach, and what makes someone a great coach. Finally, Jonathan and Mike cover the importance of avoiding the "easy button," being willing to try something new and fail, and the power knowledge can give you in a deal.

Patience can be a secret weapon for real estate investors, and Mike Schumm reveals some ways to use it to your advantage.

In this episode, you will hear:

The uncertainty surrounding real estate right now and how it impacts buyers and sellers
Why waiting can be detrimental for an investor
The competition between homebuyers and investors
Mike Schumm's advice to continuously evaluate deals
The benefits of being a hyper-local expert
Falling in love with the idea of identifying and continually evaluating to grab a deal when it pops up
Great investors have incredible vision
The strategy of living in a home for a while and then flipping it for profit while identifying what buyers are looking for
How lack of inventory and investors are impacting the market as a whole, and why Mike doesn't see inventory levels becoming a buyer's market anytime soon
The difficulties of taking breaks from real estate and staying on top of your market
The one thing all successful investors have in common
The importance of remaining emotionally detached from houses
Why moving quickly can turn off potential sellers
Some of Mike's strategies for offering time to sellers while creating a great deal for himself
When to seek out a mentor or coach
Staying motivated when your life isn't running on all cylinders
What makes someone a great coach
Why hitting the "easy button" doesn't lead to success
Having a willingness to try something new and fail
Mike's ability to use what he learns anywhere and apply it to real estate
The power of knowledge in a deal

Follow and Review:

Supporting Resources:

Profytz Coaching website - profytz.com

Find Mike Schumm on Facebook - www.facebook.com/mike.schumm

Connect with Mike on Instagram - www.instagram.com/mikeschumm_

Website - www.streamlined.properties

YouTube - www.youtube.com/c/JonathanGreeneRE/videos

Instagram - www.instagram.com/trustgreene

Instagram - www.instagram.com/streamlinedproperties

TikTok - www.tiktok.com/@trustgreene

Zillow - https://www.zillow.com/profile/StreamlinedReal

Bigger Pockets - www.biggerpockets.com/users/TrustGreene

Facebook - www.facebook.com/streamlinedproperties

Email - info@streamlined.properties

Episode Credits

151: Prioritizing People and Impacting Communities Through Investing with Loren Jacobs Jul 01, 2024

Show notes

While creating a profit is the ultimate goal of real estate investing, when you prioritize people, you can make positive ripple effects throughout the community.

On this episode of Zen and the Art of Real Estate Investing, Jonathan interviews Loren Jacobs, co-founder of Arrows Capital Group in Nashville, Tennessee. Arrows Capital Group is committed to putting people at the forefront of investments and has a strategy designed to impact the communities it engages with.

During Jonathan and Loren's conversation, you'll hear why there's a stigma attached to real estate and the social impact it can have, why Loren prioritizes "paying it forward" before profit, and his early exposure to real estate through his family members who worked in the business. Loren explains how culture influences who a community attracts, how they switched from multifamily assets to assisted living facilities, and why people move out. Jonathan and Loren also cover the demographics and financials of investing in assisted living, overcoming the inefficiencies in a facility's processes and systematizing operations, and what makes cash flow stronger in an assisted living facility versus traditional multifamily. You'll also hear why the type of building used for assisted living doesn't bode well for many other business plans, how to perform a supply-and-demand analysis on each property purchase, and where Loren purchases these properties. Finally, Loren shares why he keeps property management in-house for now, why you shouldn't expect your first few deals to be monetary gains but educational, and how you can present yourself to successful investors to find a mentor.

Real estate isn't always about monetary gains, especially when you're helping vulnerable populations. By prioritizing the community, Loren Jacobs discovered that profit often follows.

In this episode, you will hear:

The stigma attached to real estate and the social impact it can have
Why Loren Jacobs prioritizes "paying it forward" before profit
His exposure to real estate through his family working in the business and why he resisted becoming an agent
The most exciting part of real estate for Loren and his wife
How culture plays into who a community attracts
The catalyst behind switching from multifamily assets to assisted living facilities
Providing peace of mind to the loved ones of seniors who need assisted living
The three reasons people move out of assisted living centers
Some key things to look for in demographics and financials if you're considering investing in assisted living
Overcoming inefficiencies in an assisted living's processes and systematizing operations
What makes cash flow stronger in an assisted living facility versus a traditional multifamily
The value of the building outside of its intended purpose and why it doesn't bode well for many other business plans
Performing a supply-and-demand analysis on each property Loren purchases
Where Loren is purchasing assisted living facilities
Why he keeps property management in-house for now
The founding of Arrows Capital Group
Viewing your first few deals as a "learning season" and getting ROI on that education
Some steps you can take to find a mentor from someone successful in the space you want to be in

Follow and Review:

Supporting Resources:

Arrows Capital Group - www.arrowscapitalgroup.com

Loren Jacobs on Instagram - www.instagram.com/lorenjacobsinvests

Connect with Loren on LinkedIn - www.linkedin.com/in/loren-jacobs-arrows-capital-group

Find Loren on Twitter/X - twitter.com/LorenJinvests

Website - www.streamlined.properties

YouTube - www.youtube.com/c/JonathanGreeneRE/videos

Instagram - www.instagram.com/trustgreene

Instagram - www.instagram.com/streamlinedproperties

TikTok - www.tiktok.com/@trustgreene

Zillow - https://www.zillow.com/profile/StreamlinedReal

Bigger Pockets - www.biggerpockets.com/users/TrustGreene

Facebook - www.facebook.com/streamlinedproperties

Email - info@streamlined.properties

Episode Credits

150: From Rebel to Real Estate Entrepreneur with Megan Ahern Jun 27, 2024

Show notes

Sometimes, the W-2 job isn't an option, and you have to look for alternatives. When Megan Ahern's husband was ready to exit the Marines, they knew they needed to look at alternate career paths.

On this episode of Zen and the Art of Real Estate Investing, Jonathan interviews Megan Ahern, a rebel turned real estate investor who's been steadily investing in Lincoln, Nebraska, since 2018 with her husband. When Jeff, Megan's husband, was medically released from the Marines, they went all in on real estate investing. Together, they've had more than 80 units in and around Lincoln. Megan also owns a staging company, and they have experience investing in sober living homes.

Jonathan and Megan open their conversation by exploring why Megan and her husband chose Lincoln, Nebraska, to invest and how she got her husband on the same page with investing. You'll hear how they initially found properties, why using hard money eventually limited the size of the flips she could do, and how building relationships with local lenders helped expand the business. She shares the role of reputation and authenticity in her success, how they decide whether or not to keep a property, and what she loves about sober living properties. Megan explains why she's looking for more mid-term rentals, her seven-plex nightmare property, and what drew her into the staging business. Finally, Jonathan and Megan cover why staging matters in flipping homes, her advice for new flippers, and how becoming a licensed agent helped their business.

Megan is a seasoned flipper whose advice you won't want to miss if flipping is on your radar.

In this episode, you will hear:

Megan Ahern's start in real estate with her husband when he left the military
Why they chose Lincoln, Nebraska, to invest
The appeal of being a little fish in a little pond in a market like Lincoln
Being on the same page with your spouse in real estate and why you have to have the same end goals in mind
How they initially located properties and the size of the renovations they took on
Megan's use of hard money to flip homes and why it limited the size of the flips she could do
Building relationships with local lenders to grow the real estate business
The decisions small, local banks can make versus national banks
The importance of reputation and authenticity in finding more deals
How Megan and her husband decide whether or not to keep a property
Her involvement with sober living and why she loves it
Why she's looking for more mid-term rental properties
A bad multifamily purchase and why it's deterring her from purchasing more
Who Megan's mid-term renters are and what they're looking for in a property
The importance of staging and how the business has changed since Megan began staging
Where Megan puts her focus in her staging business, how she avoids warehousing a lot of items, and why it's a vital part of flipping homes
Megan's advice for new investors who want to flip homes
How being a licensed agent has impacted Megan's success in real estate

Follow and Review:

Supporting Resources:

Visit Megan Ahern's website - tattyinvestor.com

Connect with The Tatty Investor on Facebook - facebook.com/thetattyinvestor

The Tatty Investor on Instagram - www.instagram.com/the_tatty_investor

Website - www.streamlined.properties

YouTube - www.youtube.com/c/JonathanGreeneRE/videos

Instagram - www.instagram.com/trustgreene

Instagram - www.instagram.com/streamlinedproperties

TikTok - www.tiktok.com/@trustgreene

Zillow - https://www.zillow.com/profile/StreamlinedReal

Bigger Pockets - www.biggerpockets.com/users/TrustGreene

Facebook - www.facebook.com/streamlinedproperties

Email - info@streamlined.properties

Episode Credits

149: Building a Cornerstone of Trust with Real Estate with Nic DeAngelo Jun 24, 2024

Show notes

Creating trust with clients is essential to operating syndications and commercial investment properties. Building that trust is a cornerstone of long-term investing relationships.

On this episode of Zen and the Art of Real Estate Investing, Jonathan welcomes Nic DeAngelo, president of Saint Investment Group. Saint Investment Group looks into large-scale distressed asset purchases and innovative syndications. Nic has more than two decades of experience in real estate and is an expert in investing and capital raising, specializing in real estate and debt markets.

Jonathan and Nic explore Nic's early exposure to real estate through books and a lifelong love of learning. You'll hear Nic's experiences with construction and banking, as well as how his family influenced where he decided to put his money. Nic explains what drew him to commercial real estate, why no particular personality type archives success in this industry, and the various jobs he tried before landing on his niche. Nic shares his perspective on residential versus commercial real estate, why scale determines your buy box, and offering clients transparency so that what you're offering them is easy to understand. He reveals the two ways he decides whether to move forward with a deal, the influence baby boomers have on the market, and the impact of inflation, risk tolerance, and politics on investor timelines. Finally, Jonathan and Nic dig into not being afraid to invest with your "competition" in other asset classes, the value of providing education to your clients, and Nic's advice for new investors.

In this episode, you will hear:

Nic DeAngelo's exposure to real estate through books and lifelong learning, particularly Gary Keller's book, "The Millionaire Real Estate Investor"
His experiences in construction and banking and merging them to become an investor
How Nic's early experiences within his own family influenced where he put his money
What drew him to commercial real estate
The variation of personality types who achieve success in real estate in different niches
Various jobs Nic tried before finding his niche
Nic's perspective on residential real estate versus commercial in the United States
Why the scale of the operation determines the buy box
The importance of transparency at such a level that clients can glance at a single page and grasp it
Two ways Nic determines what deal to move toward and how the baby boomers are influencing the market
How inflation, risk tolerance, and politics are impacting investors' timelines
Investing with your "competition" when they're more versed in an asset class than you
The two asset classes Nic specializes in
Why education makes clients more likely to invest
Nic DeAngelo's advice for new investors

Follow and Review:

Supporting Resources:

Visit the Saint Investment Group website - https://saintinvestment.com/

Nic DeAngelo's YouTube channel - www.youtube.com/channel/UC-3YDyPnB9qhIzkVfgOnjjg

Find Nic on Facebook - www.facebook.com/Nic.Deangelo1

Nic's Instagram - www.instagram.com/nicdeangelo

Connect with Nic on LinkedIn - www.linkedin.com/in/nic-deangelo

Nic on Twitter/X - twitter.com/NicDeAngelo_

Nic DeAngelo on TikTok - www.tiktok.com/@nicdeangelo?lang=en

Website - www.streamlined.properties

YouTube - www.youtube.com/c/JonathanGreeneRE/videos

Instagram - www.instagram.com/trustgreene

Instagram - www.instagram.com/streamlinedproperties

TikTok - www.tiktok.com/@trustgreene

Zillow - https://www.zillow.com/profile/StreamlinedReal

Bigger Pockets - www.biggerpockets.com/users/TrustGreene

Facebook - www.facebook.com/streamlinedproperties

Email - info@streamlined.properties

Episode Credits

148: The Holistic Approach to Real Estate Investor Coaching with Alyssa Holbrook Jun 20, 2024

Show notes

Mindset could be your key to unlocking success in real estate investing.

On this episode of Zen and the Art of Real Estate Investing, Jonathan welcomes back Alyssa Holbrook, a master coach specializing in real estate investing, for a conversation on the power of mindset and strategic thinking. Alyssa shares her evolution from coaching small investors to high-net-worth individuals, highlighting the impact of personal growth. She stresses tailored coaching to navigate unique challenges and scale up investments, offering a perspective on how believing in bigger possibilities can open up greater opportunities.

Jonathan and Alyssa explore the downsides of overanalyzing properties, making lowball offers, and discuss the balance between high returns and risk management. Alyssa points out the importance of confidence and proactivity in making sound investment decisions. You'll also hear how different personality traits influence investment strategies and why you must understand your strengths and weaknesses. Trust and mentorship are critical elements for success, and Alyssa shares some tips for finding the right mentor and building meaningful, mutually beneficial relationships.

Finally, Alyssa reveals some personal experiences and advice on combining detailed data analysis with firsthand property inspections. Learn how to navigate current market conditions, overcome emotions, and make informed choices.

Whether you're new to real estate or an experienced investor, Alyssa offers tips for maintaining confidence, consistency, and dedication for long-term success.

In this episode, you will hear:

The importance of personal transformation and strategic thinking for scaling investments
Balancing returns and managing risks in real estate investment
Overcoming the drawbacks of over-analyzing and lowball offers
How different personality traits affect investment strategies
Alyssa Holbrook's advice for finding and building meaningful relationships with mentors
Decisiveness and the adaptability to weather fluctuating markets
Strategically using home equity lines of credit in high-interest environments
Combining thorough research with firsthand property inspections
Alyssa's strategies for scaling portfolios and the importance of consistency
Her advice on building partnerships and leveraging competitive advantages
Effective mentor-mentee relationships and structured coaching benefits
Avoiding emotional involvement and remaining focused on sound investment decisions

Follow and Review:

Supporting Resources:

Alyssa Holbrook's Instagram account - www.instagram.com/alyssaholbrookcoach

Connect with Alyssa on LinkedIn - www.linkedin.com/in/alyssa-holbrook-a190072a

Schedule a free consultation with Alyssa - alyssaholbrook.as.me/schedule/6cf22db2/appointment/10386675/calendar/3025623?appointmentTypeIds%5B%5D=10386675

Website - www.streamlined.properties

YouTube - www.youtube.com/c/JonathanGreeneRE/videos

Instagram - www.instagram.com/trustgreene

Instagram - www.instagram.com/streamlinedproperties

TikTok - www.tiktok.com/@trustgreene

Zillow - https://www.zillow.com/profile/StreamlinedReal

Bigger Pockets - www.biggerpockets.com/users/TrustGreene

Facebook - www.facebook.com/streamlinedproperties

Email - info@streamlined.properties

Episode Credits

147: Giving Back and Investing with Sober Living Homes with Devana Came Jun 17, 2024

Show notes

What if you could turn real estate into a vehicle for positive social change?

On this episode of Zen and the Art of Real Estate Investing, Jonathan interviews Devana Came, a real estate investor passionate about creating high-quality sober living homes. From transparency with landlords to the fine line between profit and care, Devana offers her insights for those who want to make a meaningful impact through real estate.

Devana reveals how the design and furnishing of a home can affect someone's recovery journey. She explains that a hands-on, compassionate approach can make all the difference, turning sober living homes into sanctuaries rather than just profit-generating assets. Her approach contrasts with the detached, financial mindset that can lead to less supportive living conditions. Jonathan and Devana also explore the ethical considerations and regulatory standards key to maintaining high-quality sober living spaces, ensuring these homes uplift and support their residents.

Jonathan and Devana delve into the challenges of managing a sober living home. She shares some practical methods for nurturing a supportive community, including dealing with NIMBY (Not In My Backyard) neighbors and staff dynamics. Devana also underscores the potential of new build projects and co-living arrangements to enhance the sense of community and support within these homes.

Devana's experiences and advice offer valuable guidance for creating sober living homes that make a difference.

In this episode, you will hear:

The main differences between owning and leasing sober living homes
Creating transparency with landlords and the importance of community engagement
The impact of thoughtful design and furnishing on recovery environments
Some ethical considerations in sober living real estate investments
Managing staff, conflict resolution, and reducing neighborhood opposition
The financial and emotional rewards of investing in sober living homes
The benefits of high-quality environments for resident morale and recovery outcomes
Regulatory standards and distinctions between sober living homes and halfway houses
Some of Devana's strategies for successful operation, including the use of ADUs and co-living arrangements
Devana's future plans and her mission to set quality standards in sober living homes

Follow and Review:

Supporting Resources:

Connect with Devana Came on Instagram - www.instagram.com/devanainvests

Website - www.streamlined.properties

YouTube - www.youtube.com/c/JonathanGreeneRE/videos

Instagram - www.instagram.com/trustgreene

Instagram - www.instagram.com/streamlinedproperties

TikTok - www.tiktok.com/@trustgreene

Zillow - https://www.zillow.com/profile/StreamlinedReal

Bigger Pockets - www.biggerpockets.com/users/TrustGreene

Facebook - www.facebook.com/streamlinedproperties

Email - info@streamlined.properties

Episode Credits

146: Developing Proven Strategies to Live the Life You Want with Lisa Moore Jun 13, 2024

Show notes

Lisa Moore's path from a W-2 job to achieving time freedom with real estate investing is nothing short of inspirational.

On this episode of Zen and the Art of Real Estate Investing, Jonathan sits down with Lisa to talk about how she created the life she wanted. Influenced early on by her mom's best friend, a top real estate agent, Lisa leaped into real estate investing when she moved to Utah. She shares her strategies for house hacking and turning single-family homes into income-generating properties, which allowed her to leave the corporate world at 37. Lisa also discusses planning for maintenance and vacancies to maintain profitability.

Jonathan and Lisa discuss on-market MLS listings and off-market opportunities. Lisa emphasizes building relationships with neighbors and brokers, leading to lucrative deals and insights into local markets. You'll hear the benefits of focusing on small to midsize multifamily units and the advantages of seller financing, especially when dealing with retiring baby boomers. Lisa's thoughts on local versus expanding markets are revealing for investors considering geographic diversification.

Understanding real estate as a Limited Partner (LP) or an active investor can be critical. Lisa touches on the nuances of both roles and the importance of transparency and education from sponsors. She shares her experiences creating resources for new LPs and highlights the value of genuine connections and educating potential investors. By aligning with others with similar lifestyles and goals, Lisa has created a sustainable business model centered around long-term relationships in the investing community.

Lisa Moore has achieved financial freedom, designed her ideal lifestyle through real estate, and is laying out exactly how she did it for you.

In this episode, you will hear:

Lisa Moore's path from W2 employee to financial independence at age 37
House hacking and transforming single-family homes into income-generating properties
Strategies Lisa uses for planning maintenance and managing vacancies in real estate
Her methods to initiate property deal flow, including MLS listings and off-market opportunities
Building relationships with neighbors and brokers
Lisa's focus on local markets, specifically Utah and Idaho, and their advantages
The benefits of targeting small to midsize multifamily units owned by retiring baby boomers
The role of seller financing in real estate transactions
Understanding the differences between being a Limited Partner (LP) and an active investor
The importance of transparency and education from sponsors in investing
Lisa Moore's tips for building genuine connections and educating potential investors
Using real estate as a tool for lifestyle architecture and achieving time freedom
Creating long-term relationships with investors and aligning with like-minded people
Overcoming challenges and embracing mistakes as learning opportunities
Emphasizing quality over quantity in real estate investing and having long-term strategies

Follow and Review:

Supporting Resources:

Visit Moore Life Capital's website - www.MooreLifeCapital.com

Find Lisa Moore on YouTube - youtube.com/@lisafieldmoorerealestate

Lisa on Facebook - www.facebook.com/share/1AYprpqH7GkcnxSA/?mibextid=qi2Omg

Lisa's Instagram account - www.instagram.com/mooredoorswithlisa

Connect with Lisa Moore on LinkedIn - www.linkedin.com/in/lisa-field

Website - www.streamlined.properties

YouTube - www.youtube.com/c/JonathanGreeneRE/videos

Instagram - www.instagram.com/trustgreene

Instagram - www.instagram.com/streamlinedproperties

TikTok - www.tiktok.com/@trustgreene

Zillow - https://www.zillow.com/profile/StreamlinedReal

Bigger Pockets - www.biggerpockets.com/users/TrustGreene

Facebook - www.facebook.com/streamlinedproperties

Email - info@streamlined.properties

Episode Credits

145: Building Trust with Mid-Term Rentals Through Corporate Housing with Vivian Yip Jun 10, 2024

Show notes

Short-term rentals may be trendy in real estate investing, but creating comfortable corporate mid-term rentals can be just as lucrative with the right formula.

On this episode of Zen and the Art of Real Estate Investing, Jonathan interviews Vivian Yip, a public speaker, hospitality coach, mid-term rental entrepreneur, and the founder of Corporate Rentals USA by Hestia. Vivian is on a mission to become the trusted brand in mid-term rentals.

Jonathan and Vivian unpack her childhood experiences alongside her parents, who were also real estate investors. She explains how those experiences helped her when she decided to pursue real estate investing as an adult. You'll hear about Vivian's first real estate investment, which was a house hack, who she rents to today, and why she got off Airbnb. Vivian shares what drew her away from the corporate world and into full-time real estate investing, what she loves about the hospitality side of mid-term rentals, and why she decided to focus on mid-term rentals versus short-term or long-term rentals. Vivian also delves into the work required to create successful mid-term rentals, guest screening, and using property management tools to set up a system for her properties. Finally, Jonathan and Vivian discuss the lack of comfortable corporate housing, the appeal of mid-term amenities, and how Vivian ensures a quality property for her guests. She also explains what her companies, Hestia and Hestia 360, do.

Vivian Yip wants Hestia to be the go-to name in mid-term rentals, and she outlines precisely how she is accomplishing that in this episode.

In this episode, you will hear:

Vivian Yip's experiences with real estate alongside her parents as a child
How her experiences helped her when she decided to pursue real estate investing as an adult
Vivian's decision to invest in Austin and how her first home there's appreciation allowed her to pay it off quickly
Why she's still house-hacking, who she rents to, and why she got off Airbnb
Her transition away from the corporate world into full-time real estate investing
The why behind Vivian's drive to become an investor
Creating hospitality and what makes it the key to success
The work required to create a successful short- or mid-term rental and the importance of screening guests
The two property management tools Vivian uses to set up a property management system for her mid-term properties
The lack of comfortable corporate housing and what makes mid-term amenities so appealing
The self-audit Vivian offers all of her hosts to allow them to fill an amenity need and sends an inspector to every property to certify corporate housing standards
Components she ensures are in every property
Ensuring that an area is safe for tenants and how Vivian vets that
Hestia and Hestia 360 and what each arm of the business does
Location's importance for mid-term rentals versus that of short-term rentals
What you should know about insurance stays
Vivian's class that teaches realtors how to become experts in their markets

Follow and Review:

Supporting Resources:

Visit Vivian Yip's website - vivianyip.com

Corporate Rentals USA on YouTube - www.youtube.com/@CorporateRentalsUSA

Find Vivian on Facebook - www.facebook.com/vivianyip.keller

Vivian's Instagram account - www.instagram.com/vivianyip_official

Connect with Vivian on LinkedIn - www.linkedin.com/in/vivianyiptx

Find Vivian on TikTok - tiktok.com/vivianyipofficial

Website - www.streamlined.properties

YouTube - www.youtube.com/c/JonathanGreeneRE/videos

Instagram - www.instagram.com/trustgreene

Instagram - www.instagram.com/streamlinedproperties

TikTok - www.tiktok.com/@trustgreene

Zillow - https://www.zillow.com/profile/StreamlinedReal

Bigger Pockets - www.biggerpockets.com/users/TrustGreene

Facebook - www.facebook.com/streamlinedproperties

Email - info@streamlined.properties

Episode Credits

144: Growing a Real Estate Proof of Concept as a Couple with Tyler and Zosia Madden Jun 06, 2024

Show notes

Working with a spouse or partner can be tough, but with the right systems in place and a clear vision for your future together, you can also create a healthy business relationship.

On this episode of Zen and the Art of Real Estate Investing, Jonathan sits down with Tyler and Zosia Madden, the CEO and COO of Laurelless. They are real estate investors, entrepreneurs, and professional home flippers. Tyler is a general contractor and the visionary, whereas Zosia is the integrator.

Jonathan, Tyler, and Zosia begin their conversation by exploring how Tyler started as an aspiring doctor and pivoted to become a general contractor and why Zosia maintained her high-income W-2 position as they started their entrepreneurial endeavors. You'll hear when Zosia was ready to get on board with leaving her job and becoming a part of their business, Zosia and Tyler's mutual goal of using real estate to achieve the lifestyle they both desired, and why making the right connections helped them find new properties and learn from others. Tyler and Zosia share their reliance on authenticity to create connections with others, their advice for first-time flippers in this challenging market, and why new flippers need to build good relationships with their subcontractors. Finally, Tyler and Zosia share how they keep their personal relationship strong even amidst business conflicts and failures.

For many couples, working together may feel like a recipe for disaster, but Tyler and Zoia Madden discovered the secret sauce to establishing boundaries at work and home so that they could continue moving toward their shared goals for their family.

In this episode, you will hear:

How Tyler and Zosia Madden's real estate career started with Tyler working solo and ultimately became a dual endeavor
Why Zosia maintained her W-2 as they started their real estate investing business and the benefits it offered
Zosia's realization that she trusted where the business was going and loved the idea of it, particularly after becoming a mom
The role of proof of concept in getting a spouse on board
Using real estate as a couple to achieve the lifestyle that they want to live
Making the right connections to find new properties and learn from them
Being comfortable with being uncomfortable and getting into rooms with people who are smarter than you
Maintaining authenticity to build genuine connections with others
Moving past imposter syndrome and how having just a bit of it can help you continue to learn from others
Earning the ability to ask someone for their time and knowledge while being meaningful, intentional, and interested
Flipping homes in today's market and Tyle and Zosia's tips for first-timers who don't know much
Building relationships with your subcontractors and suppliers who will take care of you because you take care of them
JV'ing on a flip with someone else to learn from them how to do a flip
Keeping your personal relationship strong when the business side of things feels like it's falling apart