The Value Builder Podcast

Saul Zenkevicius

The Value Builder Podcast delivers real-world strategies for creating lasting value in commercial real estate. Hosted by Saul Zenkevicius, each episode features operators, developers, and investors who specialize in value-add, adaptive reuse, and execution that performs. No fluff—just tested insights that move the needle.

  1. May 13

    How to Manage 14,000 Units with Joe Fairless (The $3.9B Blueprint)

    Joe Fairless has built one of the largest multifamily investment platforms in the country, overseeing more than 14,000 units and $3.9B in assets across the Sunbelt. In this episode, Saul sits down with Joe to break down what it actually takes to operate at that scale, how today’s multifamily market is really performing behind the headlines, and why disciplined operations matter more than ever in this cycle. The conversation dives into capital raising, supply pressure, concessions, property management, and the realities of navigating large-scale apartment investing during a shifting market environment. Listener takeaways include: How Joe scaled to 14,000+ units and a $3.9B portfolio What’s really happening in Sunbelt multifamily markets right now Why concessions and supply pressure are lasting longer than expected How institutional-quality operations create long-term stability The importance of diversifying capital sources and investor relationships What experienced operators are watching over the next 12–18 months Whether you're an active multifamily operator, passive investor, syndicator, or CRE entrepreneur, this episode offers a practical look into managing large apartment portfolios through changing market conditions. Connect with Joe Fairless: LinkedIn: https://www.linkedin.com/in/joefairless Podcast: https://www.bestevercre.com/podcast Website: https://ashcroftcapital.com 🔔 Subscribe for weekly conversations with commercial real estate operators, investors, and builders creating long-term value. #CommercialRealEstate #MultifamilyInvesting #ApartmentInvesting #RealEstateInvesting #CapitalRaising #CRE #ValueBuilderPodcast

    24 min
  2. Apr 29

    Flex Industrial Forecast: Where Rents, Demand & Smart Money Are Headed

    In this episode of The Value Builder Podcast, Saul sits down with Cody Payne of Flex Parks USA, one of the most experienced operators in small bay flex industrial, alongside partner Shea Lewis. With over 20 years in the space and more than 10,000 transactions closed, Cody breaks down what’s actually happening in today’s flex industrial market—from rent trends and tenant demand to why newer metal product is outperforming traditional infill. This conversation goes beyond surface-level insights and gets into what’s really driving pricing, leasing velocity, and investor behavior in 2026. In this episode, you’ll learn: Why newer metal flex parks are commanding higher rents than infill assets The real difference between contractor-driven demand vs growth-driven markets What buyers are actually looking for in stabilized vs value-add deals How tenant mix, clear height, and location impact long-term performance Why basic “commodity” flex space is most at risk of oversupply The key amenities and features that separate top-performing parks From development strategy to disposition insights, this episode gives a clear look at where flex industrial is heading—and how to position yourself on the right side of it. Connect with Cody: Amazon: https://www.amazon.com/Flex-Space-Domination-Capitalizing-Industrial/dp/B0D385755L LinkedIn: https://www.linkedin.com/in/codypayne/ Online: https://flexbusinessparks.com/

    35 min
  3. Apr 1

    How to Exit the Grind: Pat Hiban’s Playbook for Horizontal Income & Better Deals

    Pat Hiban of Gobundance has done what most in real estate never reach—over $1B in sales, a dominant team, and a successful transition into multifamily investing and passive income. But what stands out now isn’t what he built… it’s what he walked away from. In this episode, Pat breaks down how he engineered a life working just 90 minutes a day, why he left commissions behind, and the simple framework he now uses to evaluate every opportunity that comes his way. In this episode, you’ll learn: Why high-volume sales eventually stops being the right game The shift from transactional income to true “horizontal” income How the 2008 crash forced a complete career pivot Why most side hustles fail—and how to quit them fast The “Easy, Lucrative, Fun” filter for evaluating deals How Gobundance scaled into a 1,000+ member network organically Pat’s story is a reminder that success isn’t just about building more—it’s about building better, then knowing when to step back. If you're chasing freedom, rethinking your business model, or evaluating what’s actually worth your time, this conversation will recalibrate how you approach the next opportunity.   Contact/Links Email - pat@hiban.com Gobundance - https://gobundance.com Matt King - The Ride - https://gobundance.com/theride   Chapters 00:00 Introduction to Pat Hiban 03:54 Life Updates and Work Balance 10:31 Transitioning from Real Estate Sales 15:22 Side Hustles and Lessons Learned 22:36 The Journey of Adapt Acquisitions and GoBundance 24:17 The Magic Touch in Business Ventures 25:05 Real Estate Cycles and Future Predictions 28:57 Exploring New Business Models 36:39 The Evolution of GoBundance 45:48 Connecting with Pat Hiban

    48 min
  4. Mar 25

    Dirt to Disposition: 40 Years of Hard Lessons in Commercial Real Estate

    After more than 40 years in commercial real estate, developer, broker, and general contractor Paul Frank shares why he is shifting away from ground-up development and focusing on brokerage and coaching the next generation of operators. In this conversation, Paul and Saul break down what has changed in development economics, entitlement timelines, and permitting costs. From six-figure permit fees to multi-year approval delays, they explore why demand for certain asset classes is strong while new supply remains constrained. They also discuss where opportunity still exists in today’s market, including light industrial shortages, commercial condo strategies, and the long-term value of drive-through retail sites. In this episode, you’ll learn: Why entitlement timelines and permitting costs are reshaping development How developers can adapt by shifting strategy and roles The growing supply-demand gap in light industrial real estate Creative value-add approaches like commercial condo conversions Why drive-through retail sites remain a resilient investment If you want a grounded, real-world perspective on what is actually happening in development today, this episode delivers decades of hard-earned insight. Connect with Paul: Email: paul@pdf-usa.com Instagram: https://www.instagram.com/paulfrankpdf/ LinkedIn: https://www.linkedin.com/in/paulfrankpdf/ Web: https://www.pdf-usa.com/ 🔔 Subscribe for weekly commercial real estate insights from operators and investors: www.joinvaluebuilder.com

    28 min

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About

The Value Builder Podcast delivers real-world strategies for creating lasting value in commercial real estate. Hosted by Saul Zenkevicius, each episode features operators, developers, and investors who specialize in value-add, adaptive reuse, and execution that performs. No fluff—just tested insights that move the needle.

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