All Forum Posts by: Andrew Schutsky

A couple of quick questions and poll to the group here - I originally posted only in the Commercial section but want input from from investors in all different asset classes. We're in the process of building a podcast platform and wanted to solicit some input from this group.

-Why do YOU listen to a podcast? What are you listening for? Advise, entertainment, etc?

-What are you NOT getting today that you'd love to tune in to?

-What do you listen to now that you want MORE of?

Thanks in advance, really appreciate everyone's input.

Best,

Andrew

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For rent comps, you need to find something as close to the property as possible to get a "real" rent comparison. The county itself can be quite broad and can vary quite a bit. Make sure to look at age of property, upgrades/initiates, floor plan comparisons, etc.

As far as the cash flow analysis - be sure you're factoring in repair reserves as well as capital improvement plans for items that are nearing end of life.

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@Ola Dantis thank you! I too am all about cutting out the fluff and getting to the most valuable insights as efficiently as possible. Not everyone will likely be this open but we hope to seek out those who will "put themselves out there."

@Account Closed did you have specific investments types in mind? Please do share.

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@Tina Thornton I'm working with @Todd Dexheimer as part of his Mastermind program and it's been great. I chose his program vs. some of the other names as mentioned above for a few reasons:

1) Much more frequent 1:1 time with the 'main' name to help craft my planning and actions

2) Potential partnerships with Todd or the other Masterminds

3) His style is a bit more laid back which suits my own style as well

4) I love to learn on my own and was already heavily motivated - didn't need the formality / overly structured training classes that I would have paid for with some of the others

Hope this helps!

2 Votes

Originally posted by @Allan Smith:

I am usually quick to download an episode with a title about how to find good deals or marketing tactics and metrics.

Thank you!

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Originally posted by @Alana Bates:

@Andrew Schutsky I don't hear much about the property management side of rental investments. Analyzing and getting the deal are all well and good, but what about after the dust settles and you have tenants? How do investors set up systems to manage their property(ies) efficiently? When do we bring in a legal team to help with tenant complaints? How do we prevent disastors from happening? And how should we respond when they do? This type of info would be very helpful for individuals like myself who want to manage property(ies) on their own vs. hiring a property management company.

Thanks for the feedback, much appreciated - will add PM (and all it's good and bad sides) and asset management to the list of topics.

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Originally posted by @Andrew Freed:

I want to hear voices from authentic investors about the good, bad and ugly of investing. Tell us some of their best and worst real estate deals. Walk us through the deals, the experience, the numbers. Put us in the shoes of successful investors so we can use those experiences to elevate our mindset.

Perfect, thanks for the feedback Andrew :) I've received more feedback (here and FB groups) asking for MORE on the "learnings" side vs. all the successes.

1 Vote

Originally posted by @Larry Lemer:

I listen for investing educational purposes. My regular weekly podcast I listen to is people that are advanced real estate investors who provide strategies that I can implement.

Thanks Larry - plenty of great examples out there and no shortage of experience to pull from.

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Obsession level 10 ENGAGED!

Each week my plans and actions get increasingly larger and I've become even more inspired. I'll hit the highlights from the past week:

-Decided to launch my podcast platform for one main reason - this is a proven way to reach my primary goal as quickly as possible which is to help 10,000+ individuals invest in real estate over the next 5 years. I've never been too concerned with the number of doors or $ in AUM, although those will certainly follow in scale anyway. I've talked with dozens of people over the past few weeks and I'm THRILLED to help each of them even if in a small way. For me personally, the more people I can help with their goals the better!

-Prepping for my upcoming "field" trip to Tampa, scheduling time with PMs, Brokers, Attorneys, and fellow BP contacts!

-Continue to educate through countless podcasts, learning about starting a podcast, mentoring/coaching sessions, and books. About halfway through "The 10X Rule" by G. Cardone - while it's quite repetitive, there is something to be said for the message in the book, the underlying passion, and the emphasis and utmost necessity for massive action and personal accountability.

More to come...for those still following, keep crushing your goals this year! Persistence and MASSIVE action are 100% neccessary. Be on the lookout for big moves coming from me and my partners this year and well beyond...

2 Votes

Originally posted by @Brandon Vukelich:

Agree. Less interviews with mega-investors 1000+ units, coaches, mentors. More "average" investors like me that have purchased and sold, own 20, 30, 40+ units and looking to scale to 200-400. Real deal examples from sourcing to closing and deal structuring to make these crazy prices work, not just success stories but the mistakes or bad deals as well. Too many success stories out there and there is no shame in the bad ones, but I suppose people (syndicators/coaches/mentors) don't prefer to expose their reps to that but there are valuable lessons to be learned. Maybe I'm off and that people listed because they want to constantly want to be inspired. I like to relate now and then to investors on my own level. I can't relate to (nor do I inspire to be) an investor or group that owns 6000 units with a team of 12 underwriters, etc. I should add...don't need a lot of REI 101, either. I'd like more mid-level experience stuff. I've overdosed on high level, inspirational, motivational stuff.

Amen to all of this! Your voice is heard and many (including myself) can relate. The first 4-5 interviews I have on my list are focused exactly on these profiles - those with some success, many failures, and are NOT well known names. It's good to hear from the bigger names as well to see "what can be possible", but I've always found the "works in progress" the most motivating.

1 Vote

All Forum Posts by: Andrew Schutsky

Andrew Schutsky has started 7 posts and replied 179 times.

Post: What do YOU want listen for in a podcast?

Post: Help on Multi Family Deal Analysis

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Post: What do you WANT to see/hear in a podcast?

Post: What do you WANT to see/hear in a podcast?

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Post: I've been bitten by the MF bug and there is no turning back...

Post: What do you WANT to see/hear in a podcast?