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The Best Ever CRE Show
Joe Fairless
Welcome to the Best Ever CRE Show, the world’s longest-running daily COMMERCIAL real estate podcast. Founded by Joe Fairless, a co-founder of Ashcroft Capital who went from buying $35,000 homes to controlling more than $2.7 billion in real estate assets, the Best Ever CRE Show provides commercial real estate expert insights, education, and timely information to our community of active and passive investors who want to build wealth, build a legacy, and do more good in the world. So if you want the real stories behind the good, the bad, and the worst ever deals — plus, insights into what really goes on in commercial real estate investing — you’re in the right place. Our hosts interview commercial real estate experts every day to uncover secrets and strategies YOU can use to become a better, more informed investor. This is the Best Ever CRE show.
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02/01/2025

JF3773: Why This Ex-Google Engineer Uses Zillow Data to Push Self-Storage Rents & What He's Building Next ft. Faraz Hemani

Amanda Cruise and Ash Patel discuss the current state of the self-storage market with Faraz Hamani, owner of Pebble Capital Group. They explore the evolution of self-storage post-COVID, the challenges of rent pressures, customer retention strategies, acquisition tactics in a changing market, and the impact of cap rates and financing on the industry. The discussion also touches on the comparison between self-storage and mobile home parks, highlighting the unique challenges and opportunities in both asset classes. In this conversation, the speakers delve into the intricacies of self-storage and flex space investments, discussing the impact of data science on rent management, innovative tenant assessment techniques, and the importance of understanding tenant behavior. They share valuable lessons learned from past investment mistakes and explore current market trends in self-storage and flex spaces. The discussion also covers development strategies in high-demand areas, the appeal of flex spaces, and the challenges of retail investment, concluding with insights on investor relations and return strategies. Faraz Hemani | Real Estate Background Owner of Pebble Ridge Capital Group Based in: Houston, TX Say hi to them at: LinkedIn www.IronStorage.com Sponsors: Altra Running Sunrise Capital Learn more about your ad choices. Visit megaphone.fm/adchoices
40m
27/12/2024

JF3767: How a $2M Apartment Complex Became a $4M Condo Project & The Power of Ruthless Asset Management ft. Chris Stout

In this episode of The Best Ever CRE Show, Matt Faircloth interviews Chris Stout, a former New York City firefighter turned real estate investor who has built a portfolio of over 700 apartment units. Chris shares his journey from living in a mobile home park at age 10 to becoming a successful real estate investor, starting with buying two-family homes in Staten Island. The conversation explores his innovative approach to property management, including his "ruthless asset management" philosophy of focusing on operational efficiencies like consolidating maintenance work orders to one day per week. Chris details a recent successful project where he purchased a 24-unit townhouse community in Fayetteville, Arkansas for $2 million, invested $500,000 in renovations, and is selling the units as individual condos for $180,000-$200,000 each, generating approximately $1.6 million in profit. The discussion covers the surprisingly simple process of condo conversion in Arkansas compared to Northeast markets, as well as Chris's strategy of targeting properties with below-market rents for acquisition. Chris emphasizes the importance of location and purchase price as the two factors investors can't change after acquisition, and shares how he's leveraging his track record to secure favorable local bank financing for future projects. Learn more about your ad choices. Visit megaphone.fm/adchoices
1h 6m