The Investor Shed Podcast

S3E17 Rent by the Room with Sara Barb

 

In this episode, Sara Barb discusses her transition to a co-living model for her property management company. She explains the benefits of this model, including higher cash flow and stability for landlords, and lower rent and utilities for tenants. Sara also emphasizes the importance of building communities within these co-living houses and providing personal development resources for residents. Additionally, she shares her approach to teaching financial literacy to her children and her vision for generational wealth. The episode concludes with a discussion on the 75 Hard challenge and the value of doing hard things. In this conversation, Sarah Barb discusses her experience with the 75 Hard challenge and the importance of accountability and support. She shares how she initially had no intention of doing the challenge but decided to commit to it to prove to herself that she could do it. Sarah also talks about the challenges she faced during the challenge and the mindset shift she had to make to push through. She then discusses her transition from short-term rentals to co-living spaces and the benefits and challenges of managing co-living properties. Sarah emphasizes the importance of mindset and awareness in achieving success and offers advice for new investors to surround themselves with successful people and be mindful of their limiting beliefs.

Takeaways

Co-living models can provide higher cash flow for landlords and lower rent for tenants.
Building communities within co-living houses can create a sense of connection and personal development opportunities for residents.
Teaching financial literacy to children from a young age can set them up for success in managing their finances.
Generational wealth should focus on passing down knowledge and mindsets rather than just financial resources.
Challenges like the 75 Hard challenge can help individuals develop discipline and resilience. Having accountability and support can make challenging tasks easier and more enjoyable.
Committing to a challenge can help prove to yourself that you are capable of achieving your goals.
Overcoming mental barriers is a crucial part of personal growth and success.
Managing co-living spaces requires systems and clear guidelines to ensure a positive living environment.
Success is defined by personal values and can encompass various aspects of life, including relationships, health, education, enterprise, and legacy.

Chapters

00:00 Introduction and Background
01:21 Pivoting to Co-Living Model
04:33 Investment in a New Property
08:05 Cash Flow and Community Building
09:27 Considerations for Co-Living Properties
13:26 Motivation Behind Co-Living Model
20:14 Teaching Financial Literacy to Children
23:53 Generational Wealth and Legacy
31:16 Charitable Giving and Childhood Disease
39:04 75 Hard Challenge and Doing Hard Things
40:18 Accountability and Support
41:35 75 Hard Challenge
42:57 Commitment and Mindset
44:27 Overcoming Challenges
45:25 Pushing Through Mental Barriers
46:16 The Mental Game of 75 Hard
48:40 Finding Support at Home
49:02 Transitioning from Short-Term Rentals
50:52 The Cost of Operating Airbnb
53:49 Managing Co-Living Spaces
55:30 Getting Started in Co-Living
57:51 Co-Living on a National Scale
59:39 Book Recommendation: Buy Back Your Time
01:01:42 Spending $30 Million
01:02:55 Advice for New Investors
01:05:01 Defining Success
01:07:18 Where to Find Sarah Barb

S3E16: Nick & Jeremy Dive Deep into Motivation and Discipline | The Investor Shed

Join us in this insightful episode of The Investor Shed Podcast, where Nick Beveridge and Jeremy Kitchen delve into the realms of motivation and discipline in real estate investing and beyond. In this episode, we unpack: The significance of establishing routines and accountability to foster discipline. Effective strategies for setting and achieving goals, including the use of calendars and task management systems. The delicate balance of pursuing dreams while being pragmatic about opportunities. Techniques for staying driven, including visualization and micro-actions towards goals. The role of motivation and discipline as habits, and how to bounce back from setbacks. We share personal anecdotes and practical tips, emphasizing the importance of tackling challenging tasks, building momentum through small victories, and the power of an accountability partner. Our conversation also explores the concept of comfort in suboptimal positions and the transformative power of giving back. Timestamps: 00:00 - Introduction and The Role of Routine in Success 03:20 - Finding Motivation on Off Days 06:15 - Importance of Daily Routines and Calendar Management 11:05 - Goal Setting and Overcoming Procrastination 19:02 - Navigating Childhood Dreams vs. Realistic Goals 25:41 - Task Management and Productivity Tips 35:25 - The Power of Declining Opportunities 40:06 - Health and Discipline: Avoiding Snacking and Overeating 45:23 - Breaking Down Goals and Tackling the Hardest Tasks 51:31 - The Cycle of Motivation and the Importance of Persistence 56:18 - The Value of Giving and Community Building 01:03:48 - Cultivating Discipline as a Habit 01:07:45 - Engaging with Our Audience and Encouraging Feedback This episode is a must-listen for anyone looking to enhance their discipline and motivation in the world of real estate and beyond. We're excited to share our insights and hope they inspire you to take your own steps towards success. Don't forget to leave a review and share our podcast with others who might benefit from our discussions!

S3 E15 Case Study: The Moist Home

Summary

In this episode, Nick and Jeremy discuss a case study of a flip property they partnered on. They share the challenges they faced, including unexpected repairs and renovations. The property had significant damage, including failed trusses and heavy mold. Despite the setbacks, they were able to complete the project and list it on the market. The partnership and communication between Nick and Jeremy were crucial in navigating the challenges and making the necessary decisions. In this episode, Nick Beveridge discusses the process of renovating and renting out a property. He shares insights on sourcing materials, including using butcher block countertops and ordering from Amazon. Nick also talks about the challenges and decisions involved in listing the property for sale and eventually deciding to rent it out. He highlights the importance of cash flow and equity in real estate investments and explores future plans for the property.

Takeaways

Thoroughly assess the condition of a property before purchasing, especially if you are unable to conduct a walkthrough.
Consider forming partnerships to share the financial burden and expertise in real estate projects.
Be prepared for unexpected repairs and renovations, and have a contingency plan in place.
Maintain open communication and trust with your partners to navigate challenges and make informed decisions. Consider using butcher block countertops and ordering materials from Amazon for convenience and cost savings.
When renovating, focus on making improvements that are appropriate for the area and target market, rather than over-innovating.
Be prepared for challenges in the contract and listing process, such as buyers backing out due to changing interest rates.
Manufactured homes may have limitations and higher interest rates, making them less desirable for resale.

Chapters

00:00 Introduction and Case Study
03:16 Discovering the Deal
06:29 Appraisal and LLC Name
10:32 Raising Funds and Partnership
15:13 Accessing the Property
20:20 Insurance and Initial Renovations
23:06 Uncovering the Property's Condition
26:44 Living Situation and Exterior Features
32:24 Unexpected Renovations and Additional Investment
43:32 Final Stages and Listing
45:55 Materials and Renovations
47:18 Bathroom and Vanity
47:59 Yard and Mold
48:16 Contract and Listing
49:11 Contract Challenges
50:29 Manufactured Home Considerations
51:26 Decision to Rent
52:16 Rental Plans
53:14 Cash-Out Refinance
54:54 Property Improvements
55:23 Cash Flow and Equity
57:26 Future Plans
59:06 Property Inspection and Negotiation
01:02:18 Closing and Appreciation

S3E14 Nick & Jeremy: Building From the Ground Up: Starting a Service-Based Business

In this insightful episode of The Investor Shed Podcast, join your hosts Nick Beveridge and Jeremy Kitchen as they dive into the exciting world of launching a service-based business from scratch. Whether you're dreaming of starting your own venture or are in the early stages of entrepreneurship, this episode is packed with practical advice and real-world wisdom.

Nick and Jeremy share their personal journeys and the lessons they've learned along the way. From identifying a market need to developing a unique value proposition, they discuss the key steps in turning a concept into a successful business. They also delve into the challenges of initial setup, such as managing finances, building a customer base, and creating effective marketing strategies.

This episode is more than just a guide; it's a conversation between two experienced entrepreneurs who understand the highs and lows of starting a business. They discuss the importance of resilience, the power of networking, and the need for continuous learning. Whether you're a budding entrepreneur or an established business owner looking for fresh perspectives, this episode offers valuable insights into building a service-based business from the ground up.

Tune in to get inspired, informed, and ready to take your business idea to the next level!

S3E13 Mastering Finances: Tax Insights with Tom Robinson

Welcome to a special episode of The Investor Shed Podcast! In this first installment of a two-part series, we're excited to host Tom Robinson, the dynamic owner of Robinson Financial Services. With a passion that shines through in his work, Tom brings over two decades of experience in tax and financial strategies across all 50 states.

In this episode, Tom shares his insights into individual, small business, partnership, and corporate taxes. His expertise is not just in numbers but in forging lasting relationships with his clients, providing them the experience they truly deserve. But Tom's life isn't all about taxes. When he's not deep in financial matters, he's an adventurous family man. He enjoys road trips across the U.S., camping, hiking, and catching some M’s games with his wife and four children. His personal stories and professional advice blend to offer a unique perspective on managing finances while cherishing life's moments.

Stay tuned for the riveting conversation, and don't forget to catch the second part of this series where we delve deeper into the world of financial strategies with Tom. For those who love a blend of professional expertise and personal anecdotes, this episode is a must-listen!

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S3E12 Nick & Jeremy on the Market

In this insightful episode of The Investor Shed Podcast, hosts Nick Beveridge and Jeremy Kitchen tackle the complex climate of today's real estate market. With interest rates climbing and property prices soaring, investors face a challenging landscape unlike any in recent history. But where there's challenge, there's opportunity — if you know where to look.

Nick and Jeremy break down the strategies and mindset necessary to thrive as an investor in these turbulent times. They dissect the current economic indicators, the impact of rising interest rates, and how to approach investment with a lens of caution paired with calculated risk. Listen as they share their firsthand experiences and the nuanced approaches they've adopted to ensure continued success.

The conversation doesn't shy away from the tough questions.

- How can new investors enter the market under these conditions?

- What can seasoned investors do to safeguard their portfolios?

- And how can you leverage high prices to your advantage?

This episode is rich with actionable advice, including tips on creative financing, the importance of networking to uncover off-market deals, and the wisdom of sometimes bucking conventional trends to find hidden gems.

Join us as we empower you with the knowledge and confidence to make informed investment decisions, even when the economic waters are choppy. Don't let high-interest rates and high prices intimidate you — with the right mindset and tools, you can navigate this market and come out on top.

Remember to hit 'subscribe' to stay updated with The Investor Shed Podcast, your audio toolkit for real estate investing success in any market condition.

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S3E11 Investing in Growth: Nick & Jeremy Discuss Mindset

In this milestone episode of The Investor Shed Podcast, join your hosts Nick Beveridge and Jeremy Kitchen as they invite you into the heart of where it all started: Nick's very own backyard shed. It's not just any shed; it's a symbol of vision and ambition, a tangible testament to the mindset that has fueled our hosts' entrepreneurial spirit.

Today, they peel back the curtain on the journey that led to the creation of this unique podcasting space. Nick shares the vivid vision he had years ago — a vision that extended beyond real estate investing and into the realms of influence, community, and media. They delve into the importance of mindset in transforming a simple structure into a hub of creativity and networking. From the first nail hammered into the shed's wooden frame to the first episode recorded within its walls, Nick and Jeremy reflect on the challenges and victories they've encountered. They discuss the power of physical spaces in fostering creativity, the value of persistence in achieving long-term goals, and how shaping your environment is a key strategy for success.

Tune in for an inspiring conversation that will take you from the seed of an idea to the reality of The Investor Shed Podcast — a journey of passion, grit, and a touch of homegrown craftsmanship. Whether you're a fellow realtor, an investor, or just someone who loves a good story of ambition and hard work, this episode is a testament to what you can accomplish when you set your mind to it.

So, grab your headphones and join us in the shed where it all began. It's time to be inspired by the past, motivated in the present, and excited for the future — let's shed some light on the mindset that makes it all possible.

Remember to subscribe for more insights into real estate entrepreneurship and never miss a chance to learn from those who've built their dreams from the ground up — quite literally, in this case. Welcome to The Investor Shed Podcast.

 

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S3E10 Nick & Jeremy What to do before you invest

🎙️ Hey there, real estate enthusiasts and aspiring moguls! In this special episode, your dynamic duo—Nick and Jeremy—are going solo to dish out the 411 on what you absolutely need to know before taking the plunge into the world of real estate investing.

 

🛠️ Why This Episode is a Must-Listen:

Beginner-Friendly: Are you new to real estate? Feel like you're swimming in a sea of jargon? We break down complex terms into bite-sized, digestible info.

Insider Tips: We're sharing the secrets that helped us go from real estate rookies to seasoned pros. Spoiler: It's not just about having deep pockets!

Safety First: Investing isn't just about making money; it's about not losing it! We cover the essential steps to ensure your investment is as safe as houses (pun intended).

 

🎯 Topics We Cover:

Educate Yourself: No, you don't need a PhD, but you do need to know your ARV from your ROI. We'll guide you through it.

Market Research: What's hot and what's not? Learn how to pick markets like you'd pick a winning lottery ticket.

Assemble Your Dream Team: We talk about why you need a top-notch team and how to find your real estate Avengers.

Money Talks: Financing options, budgeting, and why "cheap" can sometimes be super expensive in the long run.

🎧 So grab a notepad, or fire up that note-taking app, and get ready to become the most informed newbie on the block!

 

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S3E9 House-Hacking His Way through the REI Runway with Dan Corwin

Dan Corwin is a full time US Air Force Officer for the last 9 years. He currently works as a department head for the pharmacy, radiology, and laboratory at Fairchild Air Force Base in Washington. He is new to real estate investing and bought his first duplex to house hack in the fall of 2022.

Dan loves to network and attends multiple REI meetups each month to learn and grow as an investor. Through his connections at real estate meetups he has leverage relationships to acquire a flip, and form a new partnership LLC to purchase more investment properties. In his free time dan is always on the go hiking, traveling, and enjoying time with his friends.

 

If you’d like to connect please email his at dan.t.corwin@gmail.com

 

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S3E8 Hundreds of Transactions Per Year with Sam Kitchen

Sam Kitchen is the owner/operator of Elite Transaction Management, a transaction coordination company in the North Idaho area. Her experience over the last 10 years includes data management, sales, title, escrow, and real estate investing. Having helped close 800+ transactions, she’s seen a lot and is here to share with you the ups and downs of real estate transactions!

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