Join Daniel Nickles and Chris Thompson with their guest Adam Stern as they speak of everything about off-market deals and renting homes over owning homes. Due to what happened in 2008, Adam discovered the turmoil that the decline of rates for selling homes can create for homeowners. As a result, paying for rent compared to paying a mortgage becomes more of the wiser option for most. In this episode, listen as Adam expounds on what he thinks the biggest asset for anyone in real estate is and the indicators that shape the demand for renting homes.
In this episode you will learn:
How Build-for-Rent is done.
What drives people to rent instead of buying homes?
The indicators of a substantial market for build-for-rents.
How does your network work in your favor?
The factors that on-market and off-market deals depend on.
About Adam Stern:
Adam Stern is a leading expert on the Build-for-Rent market providing guidance on go-to-market strategies for regional builders and land/lot developers intent on 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 that portfolios of stabilized Single-Family Rentals were a product that deserved a specialized service and built a robust network of owners and buyers active in the space.
Co-founded OwnAmerica, a marketplace for single-family rental property portfolios that was acquired by Renter's Warehouse in late 2018. Later founded Strata SFR, a boutique brokerage focusing on Build-For-Rent SFR opportunities across the US.
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