50 min
Building Finer Bridges Between Property Owners and Investors – Adam Stern Episode #125 Real Estate Experiment
-
- Investing
GUEST BIO
Adam is the CEO and Founder of Strata SFR, a Build-To-Rent and SFR Portfolio Brokerage. He
also co-founded OwnAmerica, a marketplace for single-family rental property portfolios that was
acquired by Renter’s Warehouse in late 2018. He’s a leading expert on the Build-for-Rent
market by providing guidance on go-to market strategies for regional builders and land/lot
developers. He also assists them at expanding their transaction volume and revenue by
servicing the ever-increasing demand for Single Family Rentals (SFR), particularly from
institutional investors that own and operate rental homes in the US.
Adam is also an authority on the acquisition and disposition of SFR portfolios nationwide.
He has helped facilitate SFR transactions totaling hundreds of millions in volume and was
one of the earliest to recognize the portfolios of stabilized Single Family Rentals- a product
that deserved a specialized service composed of network of owners and buyers active in
the space.
HIGHLIGHTS OF THE EPISODE
02:06 - Background of the guest
05:49 - The investor-operator institutionalization
08:31 – Is/Are your single-family rental property/properties qualified?
15:40 – Is it more advantageous to sell properties in a portfolio or off of one?
21:48 – Build-for-Rent and how it works
KEEPING IT REAL
25:29 - Bridging the gap between investors and property owners
28:15 - Making SFR and Built-For-Rent deals efficiently with Strata SFR
33:35 - Bringing technology to the table
36:05 - Learn to say no
37:05 - Finding your path
RAPID FIRE QUESTIONS
40:55 - Favorite Books - Play Bigger by Dave Peterson, Al Ramadan, Christopher
Lochhead, and Kevin Maney | Tribe by Sebastian Junger
43:55 - Best Habit – An hour out of the day to talk to someone about anything substantial |
Coffee!
46:16 – Self manage or outsource?
46:25 – Cash flow vs. Equity
46:56 - Best Tool – Slack | Google Meet
NOTABLE QUOTES (KEY LESSONS):
“The litmus test for really any specialist in any sector whether it’s Single Family Rental or
portfolios or Multi-family or anything, is knowing how and when to say no. Because if you chase
everything that comes along, you’re gonna be wasting a lot of time and it’s almost impossible to
do any real business unless you know exactly what you’re looking for to a very high degree of
specificity.”
“I talk about the 3 Ps, passion, persistence, perseverance. Find something you love to do, do it
always and get better at it. Overcome the roadblocks. They’ll eventually almost never really
stand in your way from getting further. And if you could find that thing that you’re passionate
about, it takes care of the other Ps. And if you could find that one thing that you’re passionate
about, you don’t mind doing it consistently. You’re not gonna mind overcoming the obstacles
because it’ll be intrinsically fun for you because you have passion about it.”
CONNECTING WITH THE GUEST
Official Website
LinkedIn
#ExperimentBroker
GUEST BIO
Adam is the CEO and Founder of Strata SFR, a Build-To-Rent and SFR Portfolio Brokerage. He
also co-founded OwnAmerica, a marketplace for single-family rental property portfolios that was
acquired by Renter’s Warehouse in late 2018. He’s a leading expert on the Build-for-Rent
market by providing guidance on go-to market strategies for regional builders and land/lot
developers. He also assists them at expanding their transaction volume and revenue by
servicing the ever-increasing demand for Single Family Rentals (SFR), particularly from
institutional investors that own and operate rental homes in the US.
Adam is also an authority on the acquisition and disposition of SFR portfolios nationwide.
He has helped facilitate SFR transactions totaling hundreds of millions in volume and was
one of the earliest to recognize the portfolios of stabilized Single Family Rentals- a product
that deserved a specialized service composed of network of owners and buyers active in
the space.
HIGHLIGHTS OF THE EPISODE
02:06 - Background of the guest
05:49 - The investor-operator institutionalization
08:31 – Is/Are your single-family rental property/properties qualified?
15:40 – Is it more advantageous to sell properties in a portfolio or off of one?
21:48 – Build-for-Rent and how it works
KEEPING IT REAL
25:29 - Bridging the gap between investors and property owners
28:15 - Making SFR and Built-For-Rent deals efficiently with Strata SFR
33:35 - Bringing technology to the table
36:05 - Learn to say no
37:05 - Finding your path
RAPID FIRE QUESTIONS
40:55 - Favorite Books - Play Bigger by Dave Peterson, Al Ramadan, Christopher
Lochhead, and Kevin Maney | Tribe by Sebastian Junger
43:55 - Best Habit – An hour out of the day to talk to someone about anything substantial |
Coffee!
46:16 – Self manage or outsource?
46:25 – Cash flow vs. Equity
46:56 - Best Tool – Slack | Google Meet
NOTABLE QUOTES (KEY LESSONS):
“The litmus test for really any specialist in any sector whether it’s Single Family Rental or
portfolios or Multi-family or anything, is knowing how and when to say no. Because if you chase
everything that comes along, you’re gonna be wasting a lot of time and it’s almost impossible to
do any real business unless you know exactly what you’re looking for to a very high degree of
specificity.”
“I talk about the 3 Ps, passion, persistence, perseverance. Find something you love to do, do it
always and get better at it. Overcome the roadblocks. They’ll eventually almost never really
stand in your way from getting further. And if you could find that thing that you’re passionate
about, it takes care of the other Ps. And if you could find that one thing that you’re passionate
about, you don’t mind doing it consistently. You’re not gonna mind overcoming the obstacles
because it’ll be intrinsically fun for you because you have passion about it.”
CONNECTING WITH THE GUEST
Official Website
LinkedIn
#ExperimentBroker
50 min