Podcast appearances and mentions of chris powers

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Best podcasts about chris powers

Latest podcast episodes about chris powers

The FORT with Chris Powers
Aaron Rubin - Founder & CEO of ShipHero - Building a Better Supply Chain | The FORT #259

The FORT with Chris Powers

Play Episode Listen Later Jan 17, 2023 65:33


EPISODE #259 After being bailed out of his first company by his dad 15 years ago while in college, Aaron Rubin learned his lesson and founded ShipHero in 2013 as a warehouse management system for e-commerce shippers. Since then, ShipHero has gone on to serve around $8 billion per year in orders from e-commerce stores. In the last 3 years alone, they have opened up 9 warehouses across the country to manage shipping and fulfillment for medium and large businesses including Shopify, Canadian Tire, Glossier and Universal Music Group.Aaron is known for having his finger on the pulse of ShipHero's major initiatives, He is responsible for planning and executing the overall vision and strategy of the organization. In today's episode, Aaron sits down to discuss his backstory, how he almost went bankrupt in 2008, taking inspiration from Amazon, and what lies ahead in 2023 for the logistics world.Key Takeaways:Intro (00:00)How Aaron got started (01:30)What is ShipHero? (07:32)The problem with copying Amazon (13:25)Everyone hates logistics (22:51)The state of the market (28:08)What's going on with supply chains (37:15)Is manufacturing leaving China? (43:33)What's coming up in 2023 (48:44)The future of the workforce (58:36)Episode wrap-up (1:05:07)Additional Resources:➡️ Learn more about Juniper Square here➡️ Fort Capital: www.FortCapitalLP.com➡️ Follow Fort Capital on LinkedIn: www.linkedin.com/company/fort-capital/➡️ Follow Chris on Twitter: www.twitter.com/FortWorthChris➡️ Follow Chris on LinkedIn: www.linkedin.com/in/chrispowersjr/➡️ Sign Up for our Newsletter: https://newsletter.thefortpod.com/➡️ Subscribe to The FORT on YouTube--The FORT Podcast with Chris Powers is a place where you can find meaningful conversations about entrepreneurship, real estate, investing, and more.Be sure to follow the podcast, so you never miss an episode!

She's WILD
5 Skills Needed To Be A Successful Developer, with Jessica Abramson, Sr. Development Manager, Stiles Corporation

She's WILD

Play Episode Listen Later Jan 10, 2023 40:06


Welcome back to the She's Wild Podcast. Today's guest is Jessica Abramson, Senior Development Manager at Stiles Corporation. Jessica is an owner representative on retail real estate development projects. She focuses on project planning and coordination, due diligence, obtaining government approvals, budgeting, and scheduling. She's worked with numerous clients including Publix, The Fresh Market, Trader Joe's, Ross, Five Below, Planet Fitness, Rooms to Go, Chase Bank, SunTrust Bank, Chipotle, and Starbucks. Jessica is active in the Urban Land Institute's Southeast Florida Region serving on the Florida Retail Project Council, is a graduate of Leadership Broward Class XXXIV, and is active on the Advisory Board for the NSU MSRED program and Alumni Association. In this episode, Jessica and I discuss her career and why she loves working in development. She offers insight on 5 skills she thinks are critical for success as a commercial real estate developer. She also offers a ton of advice if you are new to the business. Memorable Moments: 19:11  Skills to be successful in development include technical skills such as analyzing financials. But it's also negotiating and influencing others. If you're working with a team and you need to influence them to work on your project to get things done. You might work with an architect who has 10 projects, you need to know how to make that person feel like yours is the most important. And then the other skill is to strategically think about problem solving. You're either trying to prevent a problem or you're trying to solve a problem. 19:52. Thinking outside of the box and understanding what to do to make everybody satisfied or to get this done or to get past this hurdle and then getting your team on board to come up with a solution or to agree with what you think the solution might be. Our job is just to, to keep the project moving. And we might have, a large team and that might also include government officials who don't always have the same priorities that you have. 30:56  If you are a young person getting into the business, milk the student card, as much as you can, even if just say, hey, I'm new to the business call people you want to talk to almost anybody will talk to you for a little while, or have a phone conversation or talk to you at a networking event. Because once you get you know, many years into the business, it's a lot harder to to use that card. 31:18  Young professionals should attend every networking event possible. Introduce yourself, make connections. And then as you're doing that, learn about different career paths. Talk to as many people as you can as possible early on in your career.Connect with Nancy:Instagram: https://instagram.com/nancysurakLinkedIn: https://www.linkedin.com/in/nancysurak/Website: www.nancysurak.comConnect with Jessica:LinkedIn: https://www.linkedin.com/in/jessica-abramson-68003a19/Twitter: @Jejoly619Jessica's Book Recommendation:Risk Game by Francis J. Greenburger via Amazon: https://a.co/d/7zXDxKUThe Liar$ Ball by by Vicky Ward via Amazon: https://a.co/d/dOiCZTpJessica's Podcast Recommendation: The Fort Podcast with Chris Powers http://thefortpod.com/ https://podcasts.apple.com/us/podcast/the-fort-with-chris-powers/id1410549811Nancy's Twitter Recommendation: StripMallGuy @realEstateTrentShe's Wild Sound Production by:Luke Surak, Surak Productions:  surakproductions@gmail.com

The FORT with Chris Powers
Fort Capital's 2022 Year in Review | The FORT #258

The FORT with Chris Powers

Play Episode Listen Later Jan 10, 2023 88:12


EPISODE #258 In today's episode, Chris Powers and Jason Baxter take a look at the last year for Fort Capital and discuss the biggest wins of the year. How our team and technology have progressed, how we are looking at the market in 2023, what makes Fort Capital so special, and much, much more.At Fort Capital, our mission is to become the best real estate operator in the entire world. We're always considering how we can operate better, acquire more real estate, improve our credibility and track record, attract top-tier talent, and drive more profit and returns to our investors.So I'm delighted to say that following off the back of an incredible year in 2021, in which we smashed all of the targets we outlined in last year's Year in Review, we have stretched even further in 2022 to outperform our initial goals in every metric we set out.Today, I'm excited to discuss and hope you can take something from what we've achieved in the last 12 months and carry it with you in 2023.Key Takeaways:Intro (00:00)The background to 2022 (02:24)Our revamped investor reporting process (12:35)Our underwriting import tool (19:48)Our brand-new deal sourcing tool (29:29)How do we effectively work through markets? (36:55)What sets us apart in our industry? (43:01)How our dashboard utilization has improved so rapidly (52:11)Cash management for 2023 and beyond (1:01:36)What we achieved in 2022 (1:09:20)Fort Capital University (1:17:05)Additional Resources:➡️ Learn more about Juniper Square here➡️ Fort Capital: www.FortCapitalLP.com ➡️ Follow Fort Capital on LinkedIn: www.linkedin.com/company/fort-capital/ ➡️ Follow Chris on Twitter: www.twitter.com/FortWorthChris ➡️ Follow Chris on LinkedIn: www.linkedin.com/in/chrispowersjr/➡️ Sign Up for our Newsletter: https://www.thefortpod.com/ ➡️ Subscribe to The FORT on YouTube --The FORT Podcast with Chris Powers is a place where you can find meaningful conversations about entrepreneurship, real estate, investing, and more.Be sure to follow the podcast, so you never miss an episode!

The FORT with Chris Powers
#257: Kyle O'Hehir - Co-Founder of Constitution Lending - Crack Houses, Buying Distressed Debt, & High Yield Loans

The FORT with Chris Powers

Play Episode Listen Later Jan 3, 2023 84:40


Kyle started his fixed-income career on a J.P. Morgan trading desk before joining multi-strategy hedge fund Millennium. In 2018, Kyle left Millennium to manage his own capital, emphasizing real estate debt investing. He has experience investing across the real estate capital structure, including first and second-lien mortgages, tax liens, and equity. He holds a Bachelor of Science in mathematics from the University of Maryland.On this episode Chris & Kyle discuss:what he learned from trading at hedge funds on Wall Street and why he eventually decided to start buying crack houseshow to find and buy distressed debtdifferent types of high-yield loans and strategiesforward thoughts on the 2023 real estate marketand more!Learn more about Chris Powers and Fort Capital: www.FortCapitalLP.comFollow Fort Capital on LinkedIn: www.linkedin.com/company/fort-capital/Follow Chris on Twitter: www.Twitter.com/FortWorthChris Follow Chris on LinkedIn: www.linkedin.com/in/chrispowersjr/ Subscribe to The Fort on YouTube: https://www.youtube.com/channel/UCuJ32shRt8Od3MxMY-keTSQFollow Kyle on Twitter: https://twitter.com/financeguy725Constitutional Lending: https://constlending.com/investTopics:(2:05) - How did you get into Wall St. and where did that transform into buying crackhouses?(5:22) - How do you come up with a trade idea?(9:20) - How often do you need to have an idea?(11:08) - How accurate is the show Billions?(13:09) - Why forces people to stay in the Wall St. world?(15:12) - What code do you write?(16:36) - How would you describe what you do today?(19:25) - What are you seeing in lending right now?(24:34) - How would you predict the lending industry's future in the short to medium term?(27:12) - What's happening in Office right now?(30:21) - What happens on your end when someone presents a loan for you to buy?(38:31) - What happens when you take control of an asset?(45:03) - Wanting to own a bank (45:42) - How do you source these non-performing loans?(50:13) - Is your model scalable?(51:40 - What is a Prevent Foreclosure Loan?(54:20 - What's an Airbnb Loan?(57:02) - Punting assets vs. Running a business(1:00:35) - Do you think sometimes your ability to operate hurts you?(1:03:52) - Will high-yield loans still be 8-12% in '23?(1:05:06) - What needs to happen for money to start moving again?(1:10:05) - What do you think about in terms of existential risks to your business?(1:12:58) - Ranting about insurance(1:23:07) - Wrapping up

Multifamily Investing Made Simple
Top 3 Resources To Learn How To Invest In Real Estate | Ep. 322

Multifamily Investing Made Simple

Play Episode Listen Later Dec 31, 2022 5:37


2023 is upon us. It's the start of a new year. And if you aren't already invested in real estate, this is the year for you!Here are the top 3 education resources to help you get started on your real estate investing journey. 1) The Fort by Chris PowersThis is a YouTube channel and a podcast hosted by Chris Powers. Chris is the founder of Fort Capital, a commercial real estate investment firm that has now amassed almost $2B in assets across Texas, Florida, and Tennessee. 2) Bruce Kirsch and REFAI. Bruce Kirsch is the founder of the REFAI certification program. This is an excellent crash course on real estate investing, and its highly desirable certification for those looking to add to their resume. 3) Bruce Peterson and his book, Syndicating Is A Bitch. If you're interested in real estate investing, you know what a syndication is. And this book is a GREAT resource for you. Bruce Peterson is a leader in syndications. And in his book he provides a lot of information that you're not going to hear from other resources. Tweetable Quotes:"We have created THE guide for you. We help you build generational wealth, additional passive income streams, AND reduce your yearly tax burden. "– Anthony VicinoLEAVE A REVIEW if you liked this episode!!Keep up with the podcast! Follow us on Apple, Stitcher, Google, and other podcast streaming platforms.To learn more, visit us at https://invictusmultifamily.com/**Want to learn more about investing with us?**We'd love to learn more about you and your investment goals. Please fill out this form and let's schedule a call: https://invictusmultifamily.com/contact/**Let's Connect On Social Media!**LinkedIn: https://www.linkedin.com/company/11681388/admin/Facebook: https://www.facebook.com/invictuscapitalventures/YouTube: https://bit.ly/2Lc0ctX

The FORT with Chris Powers
#256: Ryan Eisenman - Co-Founder of Arch - Building The Digital Admin for Private Investments

The FORT with Chris Powers

Play Episode Listen Later Dec 27, 2022 56:23


Ryan Eisenman is the co-founder and CEO of Arch, a digital solution utilized by over 180 private investment firms to automate the administration and management of tens of $Bs of alternative investments. Ryan is a Houston native, graduated from Vanderbilt University, and now lives in New York City where Arch is headquartered.On this episode Chris and Ryan discuss:the story of how he got the idea to build and execute on Archthe issues behind managing wealth and private investmentshow he raised VC capitalRyan asks Chris several questions about his career Support our Sponsors:Frank Kent CadillacCRE Daily Newsletter Fort Capital Learn more about Chris Powers and Fort Capital: www.FortCapitalLP.comFollow Fort Capital on LinkedIn: www.linkedin.com/company/fort-capital/Follow Chris on Twitter: www.Twitter.com/FortWorthChris Follow Chris on LinkedIn: www.linkedin.com/in/chrispowersjr/ Subscribe to The Fort on YouTube: https://www.youtube.com/channel/UCuJ32shRt8Od3MxMY-keTSQLinks:Ryan on TwitterArchTopics:(2:27) - Ryan's background and career(3:49) - The Israeli Entrepreneurship scene(6:41) - Ryan's journey to founding Arch(12:16) - What are you solving with Arch?(14:15) - Who are the customers for Arch?(15:13) - What was your experience raising capital in 2021?(17:14) - What do you lean on VC's for?(19:20) - How do you break into the VC world and start setting meetings?(20:30) - How long did it take to convince your first major investor?(23:09) - How often do you talk to your investors?(23:25) - What's “the next stage” of the business?(24:53) - Why was $1mm in revenue the point where you brought in more sales staff?(26:37) - How has your role changed as the company grows?Ryan Interviews Chris(28:17) - Chris' thoughts on what's broken in this industry(33:11) - What is and what should your first step be after a major liquidity event?(35:16) - What separates a great advisor from the rest of the pack?(38:27) - Chris' role as an asset Manager and the purpose of Fort Capital(40:54) - How did you raise your first deals?(42:13) - Where do you see FC in 5 years? 15 years?(43:29) - How is the current market affecting your strategy?(48:43) - Being fearful when others are greedy, and greedy when others are fearful(52:10)- What would you be building if you had to work somewhere else?

Be Right
Kelly in Vegas, the return of Tiger Woods and the best gambling movies of all time

Be Right

Play Episode Listen Later Dec 7, 2022 71:27


On this week's episode, the great Kelly in Vegas from Barstool Sports joins us to talk all things football, and even a little golf as we gear up for The Match, where Tiger Woods is set to make his return. Kelly shares her favorite plays for the upcoming bowl games, the one thing you should NEVER do when betting on college football, and the lock of all locks in the Army-Navy game. Plus, Alex, Steve and Christopher rank their top five gambling movies, make their Week 14 NFL picks and discuss their favorite plays for The Match under the lights at Pelican Golf Club.

The Ohioan
How rules written for distressed 'Rust Belt' property may benefit a select few

The Ohioan

Play Episode Listen Later Dec 6, 2022 2:55


A year-long investigation by Eye on Ohio reveals how the process for purchasing property in blighted areas in Lawrence County may be biased toward individuals with close connections to the Land Bank, the local organization responsible for managing vacant and abandoned properties. Story by Lucia Walinchus. Broadcast version by Nadia Ramlagan, reporting for Eye on Ohio: The Ohio Center for Investigative Journalism-Ohio News Connection Collaboration. Comments from Chris Powers. How you can connect with us Subscribe to the podcast Ways you can support the show Check out our latest podcasts Connect with Chris Pugh on social media Ways you can save money Check out our latest contests --- Send in a voice message: https://anchor.fm/theohioan/message

The FORT with Chris Powers
#253: Anthony "Pomp" Pompliano - Founder of Pomp Investments

The FORT with Chris Powers

Play Episode Listen Later Dec 6, 2022 80:02


Anthony “Pomp” Pompliano is an entrepreneur and technology investor. He has built and sold numerous companies, ran Product & Growth teams at Facebook, and manages a portfolio valued at more than $500 million in early-stage tech companies. He currently runs his family office, which makes private investments and owns majority stakes in several operating businesses. Anthony also hosts popular conversations on “The Pomp Podcast,” which has been downloaded over 50 million times. Pomp also writes a letter that more than 225,000 investors read each morning. Lastly, Pomp's interests lie at the intersection of finance, technology, entrepreneurship, and economics, which he tweets about extensively to his more than 1.6 million followers.On this episode, Chris & Pomp discuss:lessons Pomp learned from serving in the army and running product/growth teams at Facebookthe benefits and downsides of being a public figure with large social followingwhat is bitcoin and why is it important and his understanding of current crypto marketwhat happened with FTX and its implications on crypto marketLearn more about Chris Powers and Fort Capital: www.FortCapitalLP.comFollow Fort Capital on LinkedIn: www.linkedin.com/company/fort-capital/Follow Chris on Twitter: www.Twitter.com/FortWorthChris Follow Chris on LinkedIn: www.linkedin.com/in/chrispowersjr/ Subscribe to The Fort on YouTube: https://www.youtube.com/channel/UCuJ32shRt8Od3MxMY-keTSQSupport our Sponsors:Frank Kent CadillacCRE Daily Newsletter Fort Capital Links:Pomp on TwitterPompLetter.comThe Pomp Podcast(3:40) - Pomp's time in the Army and lessons learned(9:18) - Experiences working at Facebook(12:31) - Tech company bloat(15:49) - Elon vs. Apple and if there's a “they” out there(23:53) - How did you build your online presence?(28:19) - Have you self-censored since growing this massive audience?(32:39) - Pomp on shutting down The Best Business Show(35:47) - Is there a pathway that gets us to an internet that doesn't incentivize ridiculousness?(37:49) - How did crypto enter your life?(41:02) - What is Bitcoin?(47:43) - Is there any version of the “promise” of Bitcoin that is playing out right now?(49:30) - Is there a point where the volatility of Bitcoin stops?(54:32) - Cryptocurrencies and Governments(1:00:13) - How would you pitch Bitcoin to governments?(1:08:05) - Breaking down the FTX fiasco(1:16:59) - Pomp's experience at a LIV Golf Event

The FORT with Chris Powers
#252: Jon Altschuler - Founder of Altschuler + Co - Dallas Office Market Past vs. Current vs. Future & 20+ years of lessons learned

The FORT with Chris Powers

Play Episode Listen Later Nov 29, 2022 59:10


Jon Altschuler is the founder of Altschuler and Company and has been involved in all phases of the firm's development since its founding in 2009. He started his career with Trammell Crow Company and was the president of Stream Realty Partners. Jon is the chairman of the SMU Dedman College executive board.Jon is a graduate of Southern Methodist University where he was elected Phi Beta Kappa. Jon earned his MBA from the University of California, Berkeley. On this episode, Chris and John discuss: The current state of the office market and forward-looking thoughts. Best practices for building a successful career in real estate.Future of co-working and office leases.What will happen to Class B office properties?Learn more about Chris Powers and Fort Capital: www.FortCapitalLP.comFollow Fort Capital on LinkedIn: www.linkedin.com/company/fort-capital/Follow Chris on Twitter: www.Twitter.com/FortWorthChris Follow Chris on LinkedIn: www.linkedin.com/in/chrispowersjr/ Subscribe to The Fort on YouTube: https://www.youtube.com/channel/UCuJ32shRt8Od3MxMY-keTSQSupport our Sponsors:Frank Kent CadillacCRE Daily Newsletter Fort Capital Links:Jon on LinkedInAltschuler + Co.Topics:(3:18) - Introducing Jon(4:50) - What is it about Trammel Crowe that creates so many all-start caliber RE people?(6:36) - Jon's career in RE(8:25) - What was your perspective on the GFC?(10:41) - What does Altschuler + Co. do?(11:20) - What was the narrative back in '07 vs. '09 from the building-owner perspective?(14:09) - How would you describe the current market for Office?(18:37) - Tech-Giant Sub-leases(20:39) - Stranded Buildings(22:26) - Do you have any insight on the mounting developer debt?(23:33) - What do you predict for development?(24:23) - What are we experiencing in DFW?(26:21) - What does a great future for Office look like?(27:11) - Are you seeing any clustering of businesses similar to Old Parkland?(28:05) - Thoughts on co-working(30:02) - What's the difference between a great leasing agent and a terrible one?(32:47) - What should tenants with 2 years on their lease left be thinking about?(34:46) - Are there any new amenities that are making buildings more competitive?(36:08) - What markets pique your interest?(37:10) - How does your job change as the tenant gets larger?(38:57) - How are tenants thinking about risk of leasing spaces that aren't ready?(41:05) - What are you seeing in capital markets for Office?(41:45) - What's the narrative for Dallas?(42:49) - What would you tell new people in the industry as we stare at a potential downturn?(44:02) - Who developed your marketing strategy?(45:14) - How are you preparing your team for the next 2-3 years?(45:52) - How did you develop your knack to outwork everyone?(48:28) - Becoming a Global Citizen(55:11) - What can Fort Worth do better to attract businesses?

The FORT with Chris Powers
#250: David Senra - Founders Podcast - The DNA of a Founder

The FORT with Chris Powers

Play Episode Listen Later Nov 15, 2022 124:14


David Senra is the Founder of Founders Podcast. David has devoted his career to learning from history's greatest entrepreneurs. David is on a mission to document the best ideas from the life and work of history's most formidable people —and share those lessons through his podcast so others can benefit. He lives in Miami with his wife and two children. On this episode, Chris and David discuss:His story and the challenges he faced growing up that shaped who he is today.Building his pod – a peak inside what an average week looks like.A deep dive discussion on founder characteristics and everything he's learned from reading hundreds of auto-biographies on the world's most extraordinary founders.A discussion on the economics and business of podcasting.Learn more about Chris Powers and Fort Capital: www.FortCapitalLP.comFollow Fort Capital on LinkedIn: www.linkedin.com/company/fort-capital/Follow Chris on Twitter: www.Twitter.com/FortWorthChris Follow Chris on LinkedIn: www.linkedin.com/in/chrispowersjr/ Subscribe to The Fort on YouTube: https://www.youtube.com/channel/UCuJ32shRt8Od3MxMY-keTSQSupport our Sponsors:Frank Kent CadillacCRE Daily Newsletter Fort Capital More on David Senra:David on TwitterListen to Founders PodcastLinks to Books, Apps, Websites, etc. Mentioned on this episode:Sam Walton Autobiography Paul Graham essaysJocko PodcastThe Everything StoreKanye West Netflix documentaryMichael Arrieta on The Fort (Garden City)Trader Joe's AutobiographyReadwise AppBecoming Steve JobsCharles Kettering BiographyA Man For All MarketsDark Genius of Wall StreetTopics:(3:58) - Introducing David(6:11) - David's background(15:32) - David's passion for reading(17:00) - Reflecting on how we are shaped by our past(22:37) - Do you think it's possible to build a generational business without childhood trauma?(30:20) - What led to you starting the podcast?(43:36) - What kept you going during your first 2 years when the show wasn't profitable?(1:06:55) - What does a week in the life of David Senra look like?(1:15:07) - What was it about your appearance on ‘Invest like the Best' that exploded the show?(1:20:09) - How big is the opportunity for podcasting?(1:50:46)- Of everyone you have studied, who is the #1 person in your eyes?The Fort is produced by Johnny Podcasts

The FORT with Chris Powers
#249: Cody Campbell - Co-CEO of Double Eagle Energy IV - A $6.4B Transaction, Energy Markets & Policy, NCAA / NIL

The FORT with Chris Powers

Play Episode Listen Later Nov 8, 2022 73:02


Cody Campbell is the Co-Chief Executive Officer of Double Eagle Energy Holdings III LLC, a partnership formed with Apollo Global Management, and co-founder of Double Eagle Development. Campbell began his business career at Texas Tech University, where he and John Sellers founded a successful commercial real estate development firm. He graduated with honors with a Bachelor's in finance and economics and a master's in finance. After graduation, he played offensive guard for the Indianapolis Colts.Campbell is a member of YPO (Young Presidents' Organization), serves on the Advisory Council for the Rawls College of Business at Texas Tech, and serves as a Board Member of the Texas Higher Education Coordinating Board. He lives in Fort Worth with his wife and four children.On this episode, Chris and Cody discuss:The story of their $6.4B sale to Pioneer.Discussion on current energy markets and policy.Why we need to change the narrative on oil & gas to attract more labor into the industry.We talk about the NCAA & NIL programs and how Texas Tech has built The Matador Club to support athletes.Support our Sponsors:Frank Kent CadillacCRE Daily Newsletter Fort Capital Juniper SquareLearn more about Chris Powers and Fort Capital: www.FortCapitalLP.comFollow Fort Capital on LinkedIn: www.linkedin.com/company/fort-capital/Follow Chris on Twitter: www.Twitter.com/FortWorthChris Follow Chris on LinkedIn: www.linkedin.com/in/chrispowersjr/ Subscribe to The Fort on YouTube: https://www.youtube.com/channel/UCuJ32shRt8Od3MxMY-keTSQTopics:(4:31) - Selling Double Eagle 3 to Pioneer(8:33) - Why was the industry valuing on a price per acre vs. EBITDA?(10:21) - What do “bits & pieces” mean and how are you able to do it at scale?(13:12) - Have there been 2 types of oil businesses that emerged since the shale revolution?(14:01) - Was there ever a moment during the pandemic when you considered not drilling?(15:00) - When did it become clear that selling was the best option?(19:20) - What blows up a deal like this?(20:13) - Starting back up again(22:02) - What are you seeing in the current state of the energy market?(30:24) - Is there any shift in the capital markets?(32:29) - Why has the Biden Admin shifted its stance on domestic production?(34:49) - How much of an impact does the Russia/Ukraine conflict have?(36:42) - What are you seeing in the labor market for Energy and Oil & Gas?(38:57) - How can the industry change its marketing efforts to encourage people to work in this field?(40:30) - How does this industry bring the rest of the world out of poverty?(43:21) - What's happening outside of the US as we globally see energy prices spike?(44:47) - Even if we all flipped to a pro-oil stance instantly, how deep are we in the hole already?(47:19) - What are the different acreage tiers in oil fields?(50:16) - If oil is at $92 today, what's the rate of return for drilling a well?(51:50) - Is there any technology on the horizon that will make it easier to get oil out of the ground?(53:01) - Why did the Kline Shale flop?(54:55) - Why did the Permian basin end up being such a hit?(55:48) - Where do you think we will peak in 2023?(57:02) - What is the NIL within the NCAA?(1:01:29) - The Matador Club at Texas Tech(1:04:33) - Is there a worry that the schools with the most capital secede and create their own league?(1:06:14) - Focusing athletes on their education(1:08:08) - Who's making the rules for NIL?(1:09:05) - What is it that continues to motivate you?The Fort is produced by Johnny Podcasts

The FORT with Chris Powers
#248: Zamir Kazi - Founder & CEO of ZMR Capital - $0 to 1.7B of Multifamily Assets in 9 years

The FORT with Chris Powers

Play Episode Listen Later Nov 1, 2022 45:53


Zamir Kazi started his career in Real Estate in 2013 after attending Florida State University buying and flipping duplexes. He formed Berkshire Property Holdings in 2014 (later rebranded to ZMR Capital) to acquire and redevelop multifamily Real Estate. In the past 9 years, as CEO of ZMR Capital, Zamir has acquired over $1.5B of multifamily assets.He has been the recipient of Globe Streets 50 under 40 and is an active investor and board member of multiple early-stage companies. Zamir also contributes significant time and resources to several charities.On this episode Chris and Zamir discuss:How he started his career in real estate.How ZMR Capital creates value in the assets they acquire.How ZMR selects markets to invest in.Current state of the multi-family market.Follow Fort Capital on LinkedIn: www.linkedin.com/company/fort-capital/Follow Chris on Twitter: www.Twitter.com/FortWorthChris Follow Chris on LinkedIn: www.linkedin.com/in/chrispowersjr/ Subscribe to The Fort on YouTube: https://www.youtube.com/channel/UCuJ32shRt8Od3MxMY-keTSQFollow The Fort on Instagram: www.Instagram.com/TheFortPodcastSupport our Sponsors:Frank Kent CadillacCRE Daily Newsletter Fort Capital CRE ModelsJuniper SquareLinks:Zamir on LinkedInZMR CapitalTopics:(3:52) - Zamir's background and career(7:05) - What is it about Indian culture that wants their children to become doctors?(9:17) - How were you financing as you began to do bigger deals and turn this into a firm with employees?(11:22) - Did you manage properties yourself?(12:12) - How did you convince people to give you a deal without a track record?(15:09) - How were sourcing deals and why did you choose the markets you're in?(16:40) - Have you stayed 3rd party on Property Management?(22:47) - What is an ideal Class A or B deal and how do you add value?(26:02) - Do you outsource construction & asset management?(27:24) - Do you send PM's the same chart of accounts or do they each account differently?(28:15) - Do you have a 90-day game plan after closing a deal?(29:29) - How do you raise capital today?(30:25) - How are you thinking about the market right now?(32:52) - Is bridge debt still in the mix for you on deals you're doing right now?(34:29) - Are rents still moving fast?(37:08) - Is there anything you're seeing that could cause a major correction in MF pricing?(41:10) - Why are people selling right now given market conditions?(42:30) - How are you thinking about the tailwind given to MF by high mortgage interest rates?(43:50) - What do you see for your business over the next decade?The Fort is produced by Johnny Podcasts

Acquisitions Anonymous
How to value and underwrite commercial Real Estate? With special Guest Chris Powers - Acquisitions Anonymous Episode 133

Acquisitions Anonymous

Play Episode Listen Later Oct 19, 2022 65:43 Very Popular


Signup for our weekly newsletter: https://www.getrevue.co/profile/acquanon-----Bill D'Alessandro (@BillDA), Mills Snell (@thegeneralmills), together with Chris Powers (@fortworthchris), we discuss an Airport Commerce Park in Houston Texas. Chris starts off by sharing a little bit of his background and explaining what a Class B Industrial is. The major effect of location for this kind of business will also be discussed, as well as the essential dynamics for making more money. Moreover, we will look into why real estate people sell if it's good. Does a successful real estate capital manager end up in buy and hold?Listen to the podcast and find out!-----Thanks to our sponsors!CloudBookkeeping offers adaptable solutions to businesses that want to focus on growth with a “client service first” approach. They offer a full suite of accounting services, including sophisticated reporting, QuickBooks software solutions, and full-service payroll options.-----Do you love Acquanon and want to see our smiling faces? Subscribe to our Youtube channel.Do you enjoy our content? Rate our show!Follow us on Twitter @acquanon Learnings about small business acquisitions and operations.-----Show Notes:(00:00) - Introduction(01:11) - Our Sponsor is Cloud Bookkeeping(02:39) - Guest Intro: Chris Powers joins us today! (04:00) - What are Class B Industrial Assets?(04:58) - Deal & financials: Airport Commerce Park in Houston TX(07:19) - What is a 7.2% cap. rate? How do you think about it when looking at a deal?(08:36) - How do you assess value initially when looking at a deal?(10:33) - How does location affect this particular asset class?(12:35) - What is a good diverse tenant base? How do you understand if it's good or not?(17:50) - What is the due diligence process for leases?(20:08) - What is the Seller Type in a Property like this?(21:07) - What is so interesting about this asset class?(21:54) - Who are the competitors?(23:41) - Once you buy, how do you operate to find Alpha?(28:22) - What are the essential dynamics for more money?(39:04) - What is the most important part of renegotiating rents?(50:35) - Are there different types of land that are not real estate?(52:55) - What is the current state of RE developments in America?(55:36) - How many deals do you have to look at to find one valuable deal? How do you source them?(58:23) - Hold Period/Exit Plans: Why sell if it's so good?(01:00:15) - When to know if it's ready to be sold?(01:01:22) - How does selling relate to refinancing?(01:02:37) - Does a successful RE capital manager end up in buy and hold?-----Additional episodes you might enjoy:#131 People are getting rich with Med Spas. Will we?----- Do you love Acquanon and want to see our smiling faces? Subscribe to our Youtube channel. Do you enjoy our content? Rate our show! Follow us on Twitter @acquanon Learnings about small business acquisitions and operations.

Acquisitions Anonymous
How to value and underwrite commercial Real Estate? With special Guest Chris Powers - Acquisitions Anonymous Episode 133

Acquisitions Anonymous

Play Episode Listen Later Oct 19, 2022 65:43


Signup for our weekly newsletter:https://www.getrevue.co/profile/acquanon-----Bill D'Alessandro (@BillDA), Mills Snell (@thegeneralmills), together with Chris Powers (@fortworthchris), we discuss an Airport Commerce Park in Houston Texas. Chris starts off by sharing a little bit of his background and explaining what a Class B Industrial is. The major effect of location for this kind of business will also be discussed, as well as the essential dynamics for making more money. Moreover, we will look into why real estate people sell if it's good. Does a successful real estate capital manager end up in buy and hold?Listen to the podcast and find out!-----Thanks to our sponsors!CloudBookkeeping offers adaptable solutions to businesses that want to focus on growth with a “client service first” approach. They offer a full suite of accounting services, including sophisticated reporting, QuickBooks software solutions, and full-service payroll options.-----Show Notes:(00:00) - Introduction(01:11) - Our Sponsor is Cloud Bookkeeping(02:39) - Guest Intro: Chris Powers joins us today! (04:00) - What are Class B Industrial Assets?(04:58) - Deal & financials: Airport Commerce Park in Houston TX(07:19) - What is a 7.2% cap. rate? How do you think about it when looking at a deal?(08:36) - How do you assess value initially when looking at a deal?(10:33) - How does location affect this particular asset class?(12:35) - What is a good diverse tenant base? How do you understand if it's good or not?(17:50) - What is the due diligence process for leases?(20:08) - What is the Seller Type in a Property like this?(21:07) - What is so interesting about this asset class?(21:54) - Who are the competitors?(23:41) - Once you buy, how do you operate to find Alpha?(28:22) - What are the essential dynamics for more money?(39:04) - What is the most important part of renegotiating rents?(50:35) - Are there different types of land that are not real estate?(52:55) - What is the current state of RE developments in America?(55:36) - How many deals do you have to look at to find one valuable deal? How do you source them?(58:23) - Hold Period/Exit Plans: Why sell if it's so good?(01:00:15) - When to know if it's ready to be sold?(01:01:22) - How does selling relate to refinancing?(01:02:37) - Does a successful RE capital manager end up in buy and hold?-----Additional episodes you might enjoy:#131 People are getting rich with Med Spas. Will we?----- Do you love Acquanon and want to see our smiling faces? Subscribe to our Youtube channel. Do you enjoy our content? Rate our show! Follow us on Twitter @acquanon Learnings about small business acquisitions and operations.

Inside Golf Podcast
Why Bandon Dunes Rules & CJ Cup Picks with Chris Powers

Inside Golf Podcast

Play Episode Listen Later Oct 18, 2022 71:06 Very Popular


Andy Lack (@adplacksports) is joined by Chris Powers (@Cpowers14), staff writer for Golf Digest and co-host of Golf Digest's 'The Loop' podcast, to discuss what makes Bandon Dunes so awesome. Andy and Chris share thoughts on their favorite courses, experiences, & much more. In the second half of the episode, we break down the loaded betting board for the CJ Cup at Congaree. Thanks for listening and subscribing to the Inside Golf Podcast with Andy Lack. Learn more about your ad choices. Visit podcastchoices.com/adchoices

The FORT with Chris Powers
#246: Holt Lunsford - Founder & CEO of Holt Lunsford Commercial

The FORT with Chris Powers

Play Episode Listen Later Oct 18, 2022 54:43


Holt Lunsford is the Founder & CEO of Holt Lunsford Commercial, a Dallas-based full-service commercial real estate company. They talk about luck in business, the process of finding and hiring great people, and Holt's advice for fathers. Enjoy! Support Our Sponsors: Juniper Square: https://www.junipersquare.com/ Frank Kent Cadillac: https://www.frankkentcadillac.com/ Learn more about Chris Powers and Fort Capital: www.FortCapitalLP.com Follow Fort Capital on LinkedIn: www.linkedin.com/company/fort-capital/ Follow Chris on Twitter: www.Twitter.com/FortWorthChris  Follow Chris on LinkedIn: www.linkedin.com/in/chrispowersjr/  Subscribe to The Fort on YouTube: https://www.youtube.com/channel/UCuJ32shRt8Od3MxMY-keTSQ (3:08) - Holt's background and career (5:30) - The Great Trammel Crowe generation of Texas Real Estate Operators (19:26) - How much of business success is luck and how much are things that you can control?  (21:28) - Holt's Growth standards  (24:22) - How long was the business going until you started making hires  (25:24) - What were things you weren't doing well that people could learn from?  (28:55) - Holt on building relationships with the people he works with and loyalty  (31:21) - Holt on the culture of people moving jobs constantly and attracting the next generation of employees  (36:21)- What within Real Estate has changed dramatically since starting in '86?  (38:33) - Chris and Holt on life balance   (43:02) - What did you give your kids for their 18th birthday?  (46:19) - What advice would you give your 21-year-old self  

Millennial Investing - The Investor’s Podcast Network
REI144: Industrial Real Estate Investing w/ Chris Powers

Millennial Investing - The Investor’s Podcast Network

Play Episode Listen Later Oct 17, 2022 56:58


IN THIS EPISODE, YOU'LL LEARN: 02:49 - What makes for a good real estate operator?14:56 - What class B industrial is.23:23 - Why class B industrial is a good asset class and opportunity.33:28 - How the class B industrial model works.36:52 - What Chris thinks of current market conditions.And much, much more!*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCESRelated Episode: Mastering Self-Storage and Commercial Real Estate w/ Paul Moore - REI108.Robert's book The Everything Guide to House Hacking.The Encyclopedia of Commercial Real Estate.Learn more about house hacking.NEW TO THE SHOW?Check out our Real Estate 101 Starter Packs.Browse through all our episodes (complete with transcripts) here.Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.Enjoy exclusive perks from our favorite Apps and Services.Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.P.S The Investor's Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!SPONSORSGet a FREE audiobook from Audible.Confidently take control of your online world without worrying about viruses, phishing attacks, ransomware, hacking attempts, and other cybercrimes with Avast One. Private assets represent 98% of companies in North America but are absent in most portfolios. Reconstruct your portfolio with private markets with Mackenzie Investments.Invest in high quality, cash flowing real estate without all of the hassle with Passive Investing.Take a position daily on potential price movements, and gain exposure while limiting risk with Interactive Brokers.Enjoy a 400-calorie meal that contains 40g of expertly sourced, premium plant protein, all 26 essential vitamins and minerals, and a scientifically calibrated mix of carbs, good fats and fiber with Huel Black Edition. Plus, get a free t-shirt and free shaker with your first order.If your business has five or more employees and managed to survive Covid you could be eligible to receive a payroll tax rebate of up to twenty-six thousand dollars per employee. Find out if your business qualifies with Innovation Refunds.Join Steadily and BiggerPockets in recognizing and celebrating landlords nationwide by participating in the #AmericasBestLandlord contest. Find out how you can win $10,000 today.Support our free podcast by supporting our sponsors. Connect with Robert: Website | Instagram | TwitterConnect with Chris: Website | Twitter See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

The FORT with Chris Powers
#245: Chris Powers - Rant on Fundamentals That Drive Class B Industrial

The FORT with Chris Powers

Play Episode Listen Later Oct 11, 2022 21:22


On this episode Chris talks about the fundamentals that drive Class B Industrial: Growing demand and no new supply?  Could that be?! The types of tenants that occupy Class B Industrial How we think about Cap Ex & TI. And more! Support Our Sponsors: Juniper Square: https://www.junipersquare.com/ Frank Kent Cadillac: https://www.frankkentcadillac.com/ Learn more about Chris Powers and Fort Capital: www.FortCapitalLP.com Follow Fort Capital on LinkedIn: www.linkedin.com/company/fort-capital/ Follow Chris on Twitter: www.Twitter.com/FortWorthChris  Follow Chris on LinkedIn: www.linkedin.com/in/chrispowersjr/  Subscribe to The Fort on YouTube: https://www.youtube.com/channel/UCuJ32shRt8Od3MxMY-keTSQ Topics: (2:52) - What is Class B Industrial? (4:59) - They aren't building more of this stuff (7:07) - Serving the function of a business (9:43) - The asset class in 2022 (11:57) - Tenants in Class B Industrial (14:05) - Being close to the customer (15:33) - Predictability of Expenses (16:31) - Class B as Covered Land Plays (17:22) - Leasing (19:58) - Final thoughts on Class B Industrial The Fort is produced by Johnny Podcasts  

The FORT with Chris Powers
#244: Rayne Austin - Cattle Business 101

The FORT with Chris Powers

Play Episode Listen Later Oct 4, 2022 92:55


Chris sits down with his longtime friend Rayne Austin, to do a deep dive into the Cattle Business. Rayne walks Chris through the multiple phases of the life cycle for cattle, how each phase makes money, the "Big 4" packers, and how the pandemic exposed a major bottleneck in the industry. Enjoy!  Learn more about Chris Powers and Fort Capital: www.FortCapitalLP.com Follow Fort Capital on LinkedIn: www.linkedin.com/company/fort-capital/ Follow Chris on Twitter: www.Twitter.com/FortWorthChris  Follow Chris on LinkedIn: www.linkedin.com/in/chrispowersjr/  Subscribe to The Fort on YouTube: https://www.youtube.com/channel/UCuJ32shRt8Od3MxMY-keTSQ (3:11) - Rayne's Background (5:08) - What are the phases of a cow's life and how do you move from one to the next? (8:07) - Do the calves only live off of their mother's milk or are they consuming feed in the first phase? (9:17) - Do cows sell for less if they haven't been weened? (9:39) - How much money are people trying to get from selling in the calf/cow phase? (10:22) - How do you transfer 10,000 calves to the stockyard? (11:30) - How many calves fit in a truckload? (11:49) -  What's the purpose of the stockyard? (13:25)  - How big are you trying to get the cows to become in the stock phase? (13:45)  - What's the pricing model for cattle? (16:05) - What do cows look like at the end of the stocker phase? What happens when they move to the feed yard? (17:16) - How long do they stay in the feed yard? (17:31) - Where does all that feed come from? (18:06) - Do they go to slaughter from the feed yard? (18:30) - Why don't folks complete all three phases under one roof? (19:48) - What are the biggest risks in the industry? (20:59) - What are the biggest upsides to the business? (21:57) - Why were the packing houses doing well but not the cattle ranchers during COVID? (23:33) - What happens when you have cattle ready to leave the feed yard but packers not willing to take them? (24:53) - Can a cow get ‘too big' to where it affects the meat? (25:44) - How is veal made? (26:50) - Rayne's Experience Working at the Largest Virtual Auctioneering House (28:59) - Does everyone buy in the business hedge or is it case by case? (30:07) - Why are calves who haven't been weened high risk? (31:01) - Why do some people hedge and some don't? (32:29) - How is the majority of this business made up from an ownership perspective? (37:05) - Does the climate and location of feed yards change what the cow will look like? (39:20) - Are the majority of these legacy companies just growing to a point where the barrier to entry is more difficult? (41:06) - What's the day to day like for someone like your grandfather working in the field 7 days a week? (44:00) - How many cattle are there per acre in America? (44:56) - How many cattle are there in America? (45:49) - Who's the largest cattle rancher in the country? (46:21) - Have genetics improved vastly over time? (47:31) - What about cattle genetics has improved? (48:23) - What's the rating system for cattle? (50:31) - Why would someone go through you for doing deals? (51:47) - What's a shrink and slide?  (53:54) - Why do cuts like Wagyu and Kobe sell for so much more? What about grass-fed beef? (55:15) - Why are Midland steaks so much better than other companies? (56:25) - How long does a cow live and how often can they give birth? (58:24) - What are the different breeds of cattle? (1:00:27) - Is the fake meat industry putting a dent into the business? (1:01:52) - The Cow Fart Narrative (1:03:31) - Are there other false narratives that folks should know about in the cattle industry? (1:04:29) - How has technology progressed in this industry to create better margins? (1:07:11) - Have numbers shown that people will pay more for the meat of a cow that's lived a ‘better life'? (1:08:27) - 1031-ing in the Cattle Business (1:10:28) - The JBS Cattle Company (1:10:57) - Who are the Big 4 in Cattle? (1:11:23) - What did the government do for cattle ranchers during COVID? (1:12:35) - How far out can you hedge? (1:13:51) - Since you've been around, what's been the best year to be in this business? (1:15:23) - Do the major packers dominate the industry or does it revolve around the cattle rancher? (1:16:01) - How would you value a cattle operation? (1:18:09) - The U.S. Beef Trade Deal with China (1:19:15) - If you had 100 million dollars and you had to invest in the cattle business, where would you put it? (1:21:11)- What is a day like for a ranch hand? (1:23:26) - What does it cost to lease land to put your cattle on? (1:25:50) - We've found ways to make food for cheaper and less. At what point have we gone too far and we're just making bad beef? (1:27:27) - Do cattle ranchers pay insurance on the cattle? (1:29:24) - How far are we from a point in time where there are not enough people in the industry? (1:30:07) - What's your favorite cut of beef & what's the best advice you've ever received? The Fort is produced by Johnny Podcasts

The FORT with Chris Powers
#243: Chris Powers - Incentivizing The Process, Not Just The Outcome

The FORT with Chris Powers

Play Episode Listen Later Sep 27, 2022 14:01


Learn more about Chris Powers and Fort Capital: www.FortCapitalLP.com Follow Fort Capital on LinkedIn: www.linkedin.com/company/fort-capital/ Follow Chris on Twitter: www.Twitter.com/FortWorthChris  Follow Chris on LinkedIn: www.linkedin.com/in/chrispowersjr/  Subscribe to The Fort on YouTube: https://www.youtube.com/channel/UCuJ32shRt8Od3MxMY-keTSQ Chris goes solo to hit hard on a critical aspect of operations that has played so well to the success of Fort Capital: Incentives. On this episode Chris discusses: Why operations are important and how to incentivize them. A relevant scenario to think about when setting incentives. Incentivizing the process, rather than just the outcome. Topics: (1:42) - What is a great operator? (2:38) - Incentivizing the process, not just the outcome The Fort is produced by Johnny Podcasts

The FORT with Chris Powers
#242: Michael Arrieta - Founder of Garden City - Buying & Growing Great Companies with Permanent Capital

The FORT with Chris Powers

Play Episode Listen Later Sep 20, 2022 81:52


Michael currently serves as the Founder and CEO of Garden City, a purpose-driven holding company that buys, grows, and permanently holds family-owned companies. Once acquired, Garden City seeks to grow them through culture, technology, and sales. Most recently, Michael was an early employee & executive at DocuSign, serving as Global Vice President, General Manager, and Chief of Staff to the CEO. DocuSign has now achieved a $30B market cap with 5,000 employees. In 2016, he founded MAV Ventures, a venture capital group that has invested in over 100+ companies and multiple funds. Michael also co-founded New Story, a non-profit that has built 2,000+  homes in developing countries and is recognized for creating the world's first-ever 3D Home Printer. He graduated from the University of Alabama with a Bachelor of Arts degree in Business Management, and he lives in Atlanta with his wife and three children. Mike is a follower of Jesus and seeks to honor God in everything he does. On this episode, Chris and Mike discuss: His story and how he learned to be world-class at sales. (He was the #1 CutCo Knife salesman in the US) How Garden City values and ultimately transacts on businesses. How Garden City creates value for the companies they acquire.  Why he chose a permanent capital structure.  Learn more about Chris Powers and Fort Capital: www.FortCapitalLP.com Follow Fort Capital on LinkedIn: www.linkedin.com/company/fort-capital/ Follow Chris on Twitter: www.Twitter.com/FortWorthChris  Follow Chris on LinkedIn: www.linkedin.com/in/chrispowersjr/  Subscribe to The Fort on YouTube: https://www.youtube.com/channel/UCuJ32shRt8Od3MxMY-keTSQ Michael on Twitter: https://twitter.com/MikeArrieta Garden City: https://www.joingardencity.com/ (2:10) - Michael's career and background (4:51) - What did you do that made you the top Knife salesman in the country? (9:45) - What can get someone to believe in their product or company? (12:46) - What does a Chief of Staff do? (16:58) - Why do you have an affinity for boring SMB's? (19:50) - What led you to the realization that you wanted to start acquiring businesses? (23:30) - What are you tangibly doing to make people the focus of the businesses you buy? (29:21) - What's your filter for red flags in businesses you look at acquiring? (32:19) - In what capacity do you want the previous owner involved after an acquisition? (33:49) - What do the first 90 days look like post-acquisition? (37:11)  - How do you find the line between letting the business run and being very hands on as owners? (40:20) - When an owner doesn't stay on, how quickly do you have to get on with replacing the CEO? (43:06) - What are most of these SMB's lacking generally from a technology standpoint? (46:17) - How do you find someone who is going to be really accountable for making sure tech is adopted? (48:50) - How do you approach Sales training? (53:45) - Why did you choose to pursue Permanent Capital? (57:01) - How do you think about the platform of being able to help people when you're a business owner? (1:00:58) - Is it possible to instill this mindset in an already existing business? (1:02:33) - How does Permanent Capital work? (1:04:46) - How do you think about cash flowing out of the businesses you own? (1:07:06) - Do you have an example of a Christian Business owner who is killing it in both their career and their faith? Sacred Pace by Terry Looper: https://amzn.to/3qxTMtV (1:10:17) - Why did you consciously decide to slow down? What have been the consequences of that decision? Becoming a King by Morgan Snyder: https://amzn.to/3Lq7GYV The Ruthless Elimination of Hurry by John Mark Comer: https://amzn.to/3ddXrtR The Fort is produced by Johnny Podcasts

The FORT with Chris Powers
#241: Tim Ludwig - Partner @ Majority Search - A Deep Dive on Search Funding

The FORT with Chris Powers

Play Episode Listen Later Sep 13, 2022 103:58


Tim is a Partner at Majority Search, a private equity firm focused on helping top mid-career professionals pursue entrepreneurship through acquisition (EtA).  He is a veteran search fund investor who has backed over 80 search funds and first-time CEOs since 2007 and purchased three companies directly. Before Tim began investing in search funds, he was an executive at a diversified real estate company, consulted with Arthur Andersen and a middle-market manufacturing company, founded two online publishing companies, and held positions with Dell and a venture-backed start-up. Tim graduated from The College of Wooster, received his MBA from the University of Michigan, and lives in San Diego with his wife and two teenage children. On this episode, Chris and Tim discuss: A deep dive into the search fund industry and how it matured over time. What Tim has learned from interviewing hundreds of CEOs. How Majority Search structures deals that align incentives. Lessons from valuing 1000's of small businesses. Learn more about Chris Powers and Fort Capital: www.FortCapitalLP.com Follow Fort Capital on LinkedIn: www.linkedin.com/company/fort-capital/ Follow Chris on Twitter: www.Twitter.com/FortWorthChris  Follow Chris on LinkedIn: www.linkedin.com/in/chrispowersjr/  Subscribe to The Fort on YouTube: https://www.youtube.com/channel/UCuJ32shRt8Od3MxMY-keTSQ Links: Majority Search: https://www.majoritysearch.com/ Tim on Twitter: https://twitter.com/tsludwig SearchFunder.com: https://www.searchfunder.com/ Who by Geoff Smart: https://amzn.to/3x0vQmD The Threat of a Reference Check: https://bit.ly/3ARu9sH Topics: (2:51) -Tim's background and career (17:28) - What is a Search Fund in traditional vs. self-funded? (25:42) - How do deal structures work when you begin a Search? (29:25) - How big is the Search Fund community and how can people get in?  (32:47) - EBITish on Discord (34:08) - What are some characteristics of a successful Searcher? (45:46) - Is there a way to sense if someone has common sense and judgment? Chris now acts as the Searcher for the remainder of the episode (52:40) - What are the best practices for finding businesses to buy? (59:43) - What are some industries or business types that really excite you? (1:03:42) - What does the process look like once we've got an LOI between a Searcher, Search Fund, and Seller? (1:10:11) - Is there any one reason that causes deals to fall apart? (1:12:14) - Do you prefer if the seller stays on in some capacity during the transition to new owners? (1:15:35) - What kind of returns are you looking for to determine if an acquisition was a success?  (1:18:56) - What are some low-hanging fruit new owners can capitalize on to grow a business they've acquired? (1:23:07) - Do you care if owners implement some kind of EOS or other operating systems? (1:24:08) - What should an owner expect to see in their first 30-60 days on the job? (1:27:41) - What does the owner's relationship look like when working with someone like Majority Search?  (1:31:46) - How are returns made throughout the life of an investment? (1:34:23) - What's the balance between the portfolio owner and the CEO creating ideas for growth? (1:35:57)- How do you handle unexpected hyper-growth? (1:39:19) - How do you think about the wave of Baby Boomer business owners headed for retirement? (1:41:46) - Who would you back if they came to you as Searchers: Elon Musk or Jeff Bezos? The Fort is produced by Johnny Podcasts

Hey Fightin' Podcast
Hearing Voices: Chris Powers, Voice of the Southern Jaguars

Hey Fightin' Podcast

Play Episode Listen Later Sep 9, 2022 29:28


Saturday represents a historic day for the city of Baton Rouge. Chris Powers, the Voice of the Southern Jaguars, joins Chris Blair in studio for Hearing Voices to add some perspective on the importance of the LSU-Southern matchup – the first ever meeting between the two programs, and the Tigers' first HBCU opponent. --- Send in a voice message: https://anchor.fm/heyfightinpodcast/message

The FORT with Chris Powers
#240: Wyatt Smith - Founder of Upsmith - On a Mission to Combat America's Growing Skilled Worker Crisis

The FORT with Chris Powers

Play Episode Listen Later Sep 8, 2022 76:33


Wyatt is the founder and CEO of UpSmith, a technology company on a mission to combat America's skilled worker crisis.  UpSmith partners with employers to identify high-demand gaps in their labor force, then sources and screens candidates to fill them. Where necessary, UpSmith connects candidates with affordable, fast, high-quality training to qualify them for placement. Prior to UpSmith, Wyatt led business development for Elevate, Uber's aerial ride-sharing business unit. He served as a consultant with McKinsey & Company and as a corps member with Teach for America, receiving the 2013 Sue Lehmann Award as a national teacher of the year. Wyatt holds an MBA with Distinction from Harvard Business School and a BS in Human & Organizational Development and Political Science from Vanderbilt University, where he served as student body president and as a young alumni trustee on the Board of Trust. On this episode, Chris and Wyatt discuss: An in-depth view of the emerging blue-collar labor crisis in America and how we got here. The benefits of blue-collar work and why it is worthwhile work.  Upsmith's plan to employ more blue-collar workers. Why college isn't for everyone. Learn more about Chris Powers and Fort Capital: www.FortCapitalLP.com Follow Fort Capital on LinkedIn: www.linkedin.com/company/fort-capital/ Follow Chris on Twitter: www.Twitter.com/FortWorthChris  Follow Chris on LinkedIn: www.linkedin.com/in/chrispowersjr/  Subscribe to The Fort on YouTube: https://www.youtube.com/channel/UCuJ32shRt8Od3MxMY-keTSQ Follow The Fort on Instagram: www.Instagram.com/TheFortPodcast (2:43) - What is the labor crisis we are facing right now? (7:40) - Was there an inflection point where we changed the way we look at the trades? (9:02) - Is this labor crisis attributed equally across all blue-collar work? (10:40) - Are we losing people in the trades due to a lack of training from small businesses? (15:33) - Why is it not obvious that people should look into the trades for a viable career? (18:39) - Does the federal government offer financial aid to attend a trade school? (19:55) - How much of this is a laziness problem? UpSmith (21:25) - Wyatt's launch of UpSmith (24:27) - How are you pitching high school students to have them consider this vs. College? (34:04) - What are the implications for the families of those who choose to enter the trades? (37:30) - Why are you attracted to the words ‘dignity' and ‘purpose'? (39:57) - Renaming Blue Collar as “The Builder Class” (41:10) - What takes place in the initial 8 weeks of a cohort? (44:13) - What problem is a company having that drives them to UpSmith for candidates? (47:40) - What's the line when it comes to blue-collar work and candidates with criminal records? (50:30) - Other than pay, what are some non-obvious benefits of a career in trades? (53:40) - Is the path for people to eventually own their own business or just have a steady income? (57:50) Is anyone on social media making this work sexy? @BuildersOfInsta Mike Rowe's Dirty Jobs The Make It Movement (1:00:48) - Are city crews looking to UpSmith for help with public infrastructure? (1:01:16) - What does our world look like if we fail to fill these blue-collar positions? HBR Future of Work Initiative (1:05:24) - Where have all these workers gone since Covid? The Mom Project (1:08:41) - Is there a certain characteristic that stands out in high-performers in the trades? (1:09:47) - Where do you envision UpSmith in 5 years? (1:11:40) - What are employers in home health care looking for from UpSmith candidates? (1:13:22) - What's one thing you've never predicted since you started this business? (1:14:46) - How can people get in touch or partner with you? Forge NOW The Fort is produced by Johnny Podcasts

The FORT with Chris Powers
#239: Mike Vellano - Founder & CEO of Vortex Companies

The FORT with Chris Powers

Play Episode Listen Later Sep 6, 2022 61:09


Mike Vellano is the CEO of Vortex Companies – a trenchless technology company focused on water and sewer infrastructure. As CEO and Founder, Mike's primary focus is fulfilling the corporate mission and ensuring Vortex delivers on its promise of being a solutions-focused, cost-effective trenchless products and services provider ranging from consulting and project management services to the delivery of products, training, and installation. Formerly, Mike was Vice President of Sales and Marketing for one of North America's largest privately held trenchless underground contractors. His primary responsibilities included overseeing all business entities' sales, marketing, and product development functions. He was also in charge of forging strategic business alliances as part of the company's vision of providing its customers with the widest selection of environmentally friendly, trenchless underground repair solutions. During his five-year tenure, Mike used his vision and leadership to help measurably grow the company's revenue. From 2001 to 2009, Mike worked for Albany, New York-based Vellano Brothers, where he rose from the ranks from local Branch Manager to Vice President. He helped streamline operations, grow accounts, and increase sales exponentially during his tenure there. Mike resides in Houston, Texas, with his wife Lettie and two daughters. On this episode, Chris and Mike discuss: What trenchless technology is, why it's essential, and what markets the technology serves. A fantastic story of how he built his company, took on private equity, and continued to acquire company after company. Lessons learned from integrating each company. Learn more about Chris Powers and Fort Capital: www.FortCapitalLP.com Follow Fort Capital on LinkedIn: www.linkedin.com/company/fort-capital/ Follow Chris on Twitter: www.Twitter.com/FortWorthChris  Follow Chris on LinkedIn: www.linkedin.com/in/chrispowersjr/  Subscribe to The Fort on YouTube: https://www.youtube.com/channel/UCuJ32shRt8Od3MxMY-keTSQ Vortex: https://vortexcompanies.com/ (2:36) - Mike's background & career (4:54) - What is the ‘Trenchless' industry? (9:50) - Are your customers government contractors or private companies? (10:54) - How old are some of these pipe systems and how much has their design changed over the years? (14:23) - Is there anything Trenchless can do for a city like Austin? (17:04) - Are there areas in the US where your business typically does better? (21:08) - How did you build Vortex? (29:48) - How did you finance your way to $40mm in Revenue? (32:25) - Do you operate as a Holdco or does every acquisition get rolled up under the Vortex brand? (35:34) - What mattered to you when finding capital partners? (44:44) - What's your playbook for integrating new acquisitions into your company? (49:01) - Do you care if the leaders of an acquired business stay or post-close? (50:27) - How much impact is the Russia-Ukraine situation having on your business in Europe? (52:25) - Does your technology scale well into residential? (53:25) - Why do you think executives have it easy? (54:28) - How do you see the labor market over the next 20 years? (57:56) - Why is family so important to you? The Fort is produced by Johnny Podcasts

Hey Fightin' Podcast
Hearing Voices: Chris Powers, Voice of the Southern Jaguars

Hey Fightin' Podcast

Play Episode Listen Later Sep 1, 2022 29:28


Saturday represents a historic day for the city of Baton Rouge. Chris Powers, the Voice of the Southern Jaguars, joins Chris Blair in studio for this week's Hearing Voices to add some perspective on the importance of the LSU-Southern matchup – the first-ever meeting between programs, and the Tigers' first HBCU opponent. --- Send in a voice message: https://anchor.fm/heyfightinpodcast/message

The FORT with Chris Powers
#237: M. Stanfield (Twitter Anon) - Investing in America's Most Challenging Affordable Housing

The FORT with Chris Powers

Play Episode Listen Later Aug 23, 2022 82:53


Twitter Anon M. Stanfield aka @mu2myoc on Twitter is an expert in affordable housing.  Over the past 18 months, his firm has acquired $200M+ in affordable housing projects in Texas. They buy distressed value-add deals and spend a pile on CapEx. Before launching his own fund two years ago, he had developed over 3,000 units of affordable housing in multiple states. Prior to that, he was an affordable housing broker. On this episode, Chris and M. Stanfield discuss: An in-depth analysis of the affordable housing industry and how it operates. Stories as a landlord of some of America's toughest affordable housing communities. How his firm creates value and win/win situations for all involved. Learn more about Chris Powers and Fort Capital: www.FortCapitalLP.com Follow Fort Capital on LinkedIn: www.linkedin.com/company/fort-capital/ Follow Chris on Twitter: www.Twitter.com/FortWorthChris  Follow Chris on LinkedIn: www.linkedin.com/in/chrispowersjr/  Subscribe to The Fort on YouTube: https://www.youtube.com/channel/UCuJ32shRt8Od3MxMY-keTSQ M. Stanfield on Twitter M. Stanfield's Newsletter (1:47) - The culture around people living in low-income housing (13:06) - What are you buying and what issues are you walking into when looking at a deal? (17:26) - Low Income Housing Tax Credit process (22:18) - Thoughts on Section 8 housing  (32:30) - What drives you to work in this asset class? (39:41) - Serendipitous opportunity vs. “working for it”  (43:59) - How do you turn these properties around from a physical perspective and a resident perspective? (54:58) - Is there any real solution to helping low-income housing? (59:40) - Re-tenanting a property Twitter Questions (1:09:20) - What 2-3 levers can you pull that drive 95% of returns? (1:16:07) - What's your take on the market right now?  The Fort is produced by Johnny Podcasts

The FORT with Chris Powers
#236: Jilliene Helman - CEO of RealtyMogul - Real Estate Crowdfunding

The FORT with Chris Powers

Play Episode Listen Later Aug 16, 2022 40:11


Jilliene Helman is the Founder and CEO of RealtyMogul, an online real estate marketplace that gives everyday investors access to institutional-quality commercial real estate deals in dozens of markets across the country. Since 2012, RealtyMogul members have collectively invested over $850 million into $4.7 billion of real estate nationwide (as of March 31, 2022). Jilliene holds Series 7, 24, and 63 investment licenses and is a Certified Wealth Strategist. She's been featured as an expert on startups and real estate investing on Bloomberg, CNBC, The New York Times, Yahoo! Finance, and Entrepreneur. On this episode, Chris and Jilliene discuss: A 10-year overview of how crowdfunding has evolved and the tailwinds driving it Building a two-sided marketplace with sponsors and LP's. How crowdfunding works from a high level What to expect from the crowdfunding industry over the next decade. Learn more about Chris Powers and Fort Capital: www.FortCapitalLP.com Follow Fort Capital on LinkedIn: www.linkedin.com/company/fort-capital/ Follow Chris on Twitter: www.Twitter.com/FortWorthChris  Follow Chris on LinkedIn: www.linkedin.com/in/chrispowersjr/  Subscribe to The Fort on YouTube: https://www.youtube.com/channel/UCuJ32shRt8Od3MxMY-keTSQ (2:02) - Jilliene's career and background (4:48) - What did crowdfunding in the RE space look like when you got started in your career? (8:29) - If you had to go start a new 2-sided marketplace today, would it be harder to do? (11:47) - Was there an inflection point in the industry where crowdfunding became more mainstream? (15:07) - How distributed is the money coming from crowdfunding? Are there ever a couple of individuals that carry the bulk of a fund? (17:20) - What's the path forward to become a top brand name over the next decade? (20:12) - Is there any agreement that states the LP needs to go to you instead of the GP for questions or investments? (21:39) - How do you approve and vet sponsors? (24:57) - Have you seen institutional or family office capital get into crowdfunding? (25:55) - How do your REITs work? (29:09) - Is the push to have a more built out secondary market for LP's something on your radar? (30:55) - How do you approach Capital Call situations? (33:24) - What data are you looking at to prove the massive tailwinds for crowdfunding? (35:33) - Do you have to own a controlling position in the LP stack? (36:17) - How are you seeing most people show up in a deal? (37:44) - What's something you think deeply about that you want to see in the industry? The Fort is produced by Johnny Podcasts

Golf Gambling Podcast
2022 FedEx St. Jude Championship Predictions and Best Bets w/ Chris Powers (Ep. 186)

Golf Gambling Podcast

Play Episode Listen Later Aug 10, 2022 62:13 Very Popular


In this episode of the Golf Gambling Podcast on the Sports Gambling Podcast Network, Boston Capper (@boston_capper) is joined by Chris Powers (@cpowers14) to preview the 2022 Fedex St Jude Championship. They briefly talks about the current state of the PGA tour. Then they talk about their best outrights, positionals, matchups and the 2022 Fedex St Jude Championship as a whole. Thank you very much to Chris for joining us on the show! You can follow him on Twitter and read his articles for Golf Digest. SGPN FREE SURVIVOR POOL - https://play.runyourpool.com/sgpn SGPN Merch Store - https://sg.pn/store Download The Free SGPN App - https://sgpn.app WynnBET - Bet $100 and get a $100 FREE bet! - https://sg.pn/WynnBET Join Sleeper and get a 100% deposit bonus up to $100 - https://sleeper.com/sgp Support for this episode - IPVanish.com/sgp | OddsTrader.com/bluewire   Follow The Golf Gambling Podcast On Social Media Twitter - http://www.twitter.com/golfgamblingpod Instagram - http://www.instagram.com/sportsgamblingpodcast TikTok - https://www.tiktok.com/@gamblingpodcast Facebook - http://www.facebook.com/sportsgamblingpodcast   Follow The Hosts On Social Media Boston Capper - twitter.com/boston_capper   Watch the Sports Gambling Podcast YouTube - https://www.sg.pn/YouTube Twitch - https://www.sg.pn/Twitch   Read & Discuss - Join the conversation Website - https://www.sportsgamblingpodcast.com Slack - https://sg.pn/slack Reddit - https://www.sg.pn/reddit Learn more about your ad choices. Visit podcastchoices.com/adchoices

Owner Occupied with Peter Lohmann
Chris Powers - Graduating From The CEO Role

Owner Occupied with Peter Lohmann

Play Episode Listen Later Aug 10, 2022 71:23


Season 2, Episode 8 of the Owner Occupied podcast with Peter Lohmann & special guest Chris Powers. In this episode we discuss: (01:51) - Chris' background and career (03:13) - What's involved in 3rd party Property Management for Industrial Real Estate? (05:07) - Do you handle leasing as well? (08:04) - Making Blue Collar ‘cool' again (12:01) - Fort Capital's focus on Property Management (13:05) - Providing value to the tenants and owners via PM (17:07) - Have you ever had issues with tenants living in your properties? (18:09) - Are you using any specialized software in your business? (19:46) - Investing in people vs. investing in processes (24:37) - Ad Read: Second Nature (26:31) - Developing the LP onboarding experience (32:06) - How do you think about being able to sell a primarily GP Real Estate business? (36:36) - Chris' transition out of the CEO role & his current day to day responsibilities (46:08) - Ad Read: Appfolio Stack (47:47) - What were your initial emotions when you stepped away from being CEO? (51:19) - Why are you so generous with your time? (01:02:35) - Chris' previous life as an investor (01:06:25) - What marketing advice would you give to the owner of a small PM owner? (01:10:17) - Wrap up Learn more about Chris Powers & how to connect with him here: Fort Capital The Fort with Chris Powers Podcast Follow Chris on Twitter Learn more about Peter Lohmann & how to connect with him here: Follow Peter on Twitter Join Peter's Newsletter Visit Peter's Website RL Property Management Mentioned in this episode: Yardi Buildium Margaret Heffernan TED Talk - Super Chickens The 5 dysfunctions of a Team by Patrick Lencioni

Sports Gambling Podcast Network
2022 FedEx St. Jude Championship Predictions and Best Bets | Golf Gambling Podcast (Ep. 186)

Sports Gambling Podcast Network

Play Episode Listen Later Aug 10, 2022 62:13


In this episode of the Golf Gambling Podcast on the Sports Gambling Podcast Network, Boston Capper (@boston_capper) is joined by Chris Powers (@cpowers14) to preview the 2022 Fedex St Jude Championship. They briefly talks about the current state of the PGA tour. Then they talk about their best outrights, positionals, matchups and the 2022 Fedex St Jude Championship as a whole. Thank you very much to Chris for joining us on the show! You can follow him on Twitter and read his articles for Golf Digest. SGPN FREE SURVIVOR POOL - https://play.runyourpool.com/sgpn SGPN Merch Store - https://sg.pn/store Download The Free SGPN App - https://sgpn.app WynnBET - Bet $100 and get a $100 FREE bet! - https://sg.pn/WynnBET Join Sleeper and get a 100% deposit bonus up to $100 - https://sleeper.com/sgp Support for this episode - IPVanish.com/sgp | OddsTrader.com/bluewire   Follow The Golf Gambling Podcast On Social Media Twitter - http://www.twitter.com/golfgamblingpod Instagram - http://www.instagram.com/sportsgamblingpodcast TikTok - https://www.tiktok.com/@gamblingpodcast Facebook - http://www.facebook.com/sportsgamblingpodcast   Follow The Hosts On Social Media Boston Capper - twitter.com/boston_capper   Watch the Sports Gambling Podcast YouTube - https://www.sg.pn/YouTube Twitch - https://www.sg.pn/Twitch   Read & Discuss - Join the conversation Website - https://www.sportsgamblingpodcast.com Slack - https://sg.pn/slack Reddit - https://www.sg.pn/reddit Learn more about your ad choices. Visit podcastchoices.com/adchoices

The FORT with Chris Powers
#235: Steve Robinson - Former CMO of Chick-Fil-A - 35 years of Timeless Lessons Learned While Building an Iconic Brand & Culture.

The FORT with Chris Powers

Play Episode Listen Later Aug 9, 2022 77:33


Steve Robinson is the former CMO of Chick Fil A. and is currently a consultant, author, and speaker on organizational culture design & leadership, brand strategy development, marketing planning, and distinctive advertising principles. He is the former Executive Vice President and Chief Marketing Officer of Chick-fil-A, Inc., 1981-2015. Before joining the company, Steve was the director of marketing for Six Flags Over Georgia theme park in Atlanta, Georgia. This role was preceded by marketing positions at two other Six Flags properties and communications manager at Texas Instruments. After beginning his career at Chick-fil-A as director of marketing, Steve went on to serve as vice president of the department before becoming chief marketing officer. In his most recent role, he was responsible for overseeing marketing, advertising, brand development, menu development, and hospitality strategies. In addition to serving on Chick-fil-A's board of directors from 2016-2018, Steve serves on several boards for organizations and ministries, including FamilyLife, Fellowship of Christian Athletes of Atlanta, Links Players International, and Atlanta Hall Management & College Football Hall of Fame, and the National Football Foundation. He holds an associate degree in business administration from Faulkner State Junior College, a Bachelor of Science in marketing from Auburn University, and a master's in advertising from Medill School of Journalism at Northwestern University. Steve and his wife, Dianne, have two children and four grandchildren. In this episode, Chris and Steve discuss Why every company should have a purpose for existing. Hint: it's used to make decisions ;) The incredible story behind Chick Fil A's growth and the thriving culture that got them there. Hire people through a lens that "you'll work with them forever." Chick Fil A cows, "My Pleasure", and more. And more! Purchase Steve's Book here Learn more about Chris Powers and Fort Capital: www.FortCapitalLP.com Follow Fort Capital on LinkedIn: www.linkedin.com/company/fort-capital/ Follow Chris on Twitter: www.Twitter.com/FortWorthChris  Follow Chris on LinkedIn: www.linkedin.com/in/chrispowersjr/  Subscribe to The Fort on YouTube: https://www.youtube.com/channel/UCuJ32shRt8Od3MxMY-keTSQ Follow The Fort on Instagram: www.Instagram.com/TheFortPodcast (2:04) - How Steve got to Chick-fil-A (8:55) - What's your response to the fast-paced hiring processes of today's businesses? (11:37) - The purpose statement of Chick-Fil-A (23:21) - Why doesn't every company have a purpose statement? (27:59) - What do you tell to already established companies who want to totally rebuild their culture? (32:09) - Do you have an example of a major decision that was made or not made based on the company's purpose statement? (37:40) - Is there something different about today's culture that would make a culture like Chick-Fil-A's much harder to implement? (40:14) - Can selflessness be taught? (43:54) - Turnover is the #1 enemy of cultural sustainability (46:00) - How did the cows become the mascots? (53:41) - The CFA operator model (1:06:06) - The origin of “My Pleasure” The Fort is produced by Johnny Podcasts

The FORT with Chris Powers
#234: Ryan Broderick - Co-Founder of Darwin Homes - Building the Amazon of Single-Family Property Management

The FORT with Chris Powers

Play Episode Listen Later Aug 2, 2022 112:31


Ryan Broderick is the Co-Founder & CEO of Darwin Homes. Darwin Homes is a real estate investment management platform focused on the single-family rental opportunity, enabling investors to invest anywhere simply with confidence. Darwin has raised just under $50m in venture capital from Khosla Ventures, Camber Creek, Fifth Wall, Canvas Ventures, Tony Xu, Ryan Graves, Ryan Roslansky, and other technology leaders. Prior to founding Darwin Homes, Ryan was part of the founding team at DoorDash. During his tenure at DoorDash, he built and led the first Launch team, which was tasked with scaling the DoorDash operation from Silicon Valley to over 250 cities in the US. He then went on to build the Merchant Team responsible for Business Development, Sales, Merchant Products, and Merchant Operations. Before DoorDash, Ryan worked at JUMP Investors, an early-stage VC firm led by Randall Kaplan, the Co-Founder of Akamai Technologies. Ryan holds a B.S from the University of Southern California and an MBA from Pepperdine University. In this episode, Chris and Ryan discuss: Lessons learned from being early at DoorDash and how he applied those principles to property management How they enter a market and all that happens How they've approached single-family property management from first principles to building revolutionary tools for owners Future opportunities that can be done when Darwin hits scale, including new resident monetization strategies Learn more about Chris Powers and Fort Capital: www.FortCapitalLP.com Follow Fort Capital on LinkedIn: www.linkedin.com/company/fort-capital/ Follow Chris on Twitter: www.Twitter.com/FortWorthChris  Follow Chris on LinkedIn: www.linkedin.com/in/chrispowersjr/  Subscribe to The Fort on YouTube: https://www.youtube.com/channel/UCuJ32shRt8Od3MxMY-keTSQ Follow The Fort on Instagram: www.Instagram.com/TheFortPodcast    (2:58) - Ryan's early career with Doordash (16:40) - What was the initial thesis for Darwin Homes? (26:55) - What does scale give Darwin that the local PM will never have? (30:55) - What do you mean by the Surface Area in Property Management? (32:40) - What does a great engineering culture look like? (36:13) - How does the best idea win when you're first building a product that needs to 10x? (38:58) - What happens from Day 0 of entering a new market?  (42:22) - How do you source vendors in a market? (48:00) - What makes a good city for Darwin to enter? (49:22) - Darwin's Build-to-rent operation (50:12) - Why do you have an acquisitions team within a property management company? (56:38) - Ryan's vision for Darwin (1:01:30) - How big is the SFR & BFR market getting?  (1:04:53) - What do institutional owners care about and what do retail owners care about? (1:08:11) - Are we moving to a world where people rent homes sight unseen?  (1:11:38) - Resident Monetization (1:15:10) - Is there room for managing homes for homeowners?  (1:19:31) - Do you have any desire to buy property managers in other markets?  (1:21:06) - Are the people you're hiring already in the PM industry? (1:23:11) - Thoughts on construction (1:27:03) - What are you seeing going on in VC given everything happening in the economy? (1:36:29) - Thoughts on Blue Collar work (1:47:19) - Shooting the shit and bouncing business ideas off each other

The FORT with Chris Powers
#232: Apurva Mehta - Managing Partner of Summit Peak Investments - Deep Dive Into Current Venture Capital Landscape

The FORT with Chris Powers

Play Episode Listen Later Jul 26, 2022 68:21


Apurva Mehta is the Managing Partner of Summit Peak Investments.  Apurva graduated with a B.B.A in Finance from The George Washington University. From 2001 to 2004, he was a Senior Investment Analyst for Citi Institutional Consulting in Washington D.C, where he focused on asset allocation and manager due diligence for endowments, foundation, and pension funds. From there, Mehta went on to become a VP at Lehman Brothers in the Investment Banking and Investment Management Divisions, focusing on Global Business Planning and Strategy until 2008. For the next three years, Mehta was the Director of Portfolio Investments at the Juilliard School in New York City. For the next eight years, he was the Deputy Chief Investment Officer at Cook's Children's Health Care System in Fort Worth, Texas, where he oversaw the management of the portfolio across all asset classes, including strategic and tactical asset allocation, investment manager selection, manager performance evaluation, and operational oversight. Additionally, he led the buildout of the Private Investment portfolio and spearheaded the Venture Capital program. Moreover, in 2012 and 2013 Mehta was named one of the "Top Forty Under Forty" by CIO Magazine and recognized as “Fresh Talent at the World's Largest Asset Owners”. He was also named a “Rising Star” of Foundations and Endowments and a “Rising Star” of Hedge Funds by Institutional Investor in 2013. Currently, alongside being a  managing partner at Summit Peak, Mehta is also on the board for Interstride. In this episode, Chris and Apurva discuss venture capital's current market environment and analyze Summit Peak's strategy for investing in Pre-See, Seed, and Series A Managers. They also discuss what will matter for starup's going forward and how valuations will be set, Paypal Mafia stories, and more. Enjoy! Learn more about Chris Powers and Fort Capital: www.FortCapitalLP.com Follow Fort Capital on LinkedIn: www.linkedin.com/company/fort-capital/ Follow Chris on Twitter: www.Twitter.com/FortWorthChris  Follow Chris on LinkedIn: www.linkedin.com/in/chrispowersjr/  Subscribe to The Fort on YouTube: https://www.youtube.com/channel/UCuJ32shRt8Od3MxMY-keTSQ Apurva on Twitter: https://twitter.com/mehtaaapurva Summit Peak Investments: https://www.summitpeak.com/ (2:32) - What was your experience working at Lehman Brothers in 2008? (6:06) - Apurva's career and founding Summit Peak Investments (7:40) - How have you chosen to approach Venture? (16:04) -  What qualities do you look for in early-stage investors? (24:07) - What's happening in the market & VC in your opinion? (39:55) - How often do companies need to renegotiate capital agreements when markets become volatile? (44:54) - Do you predict investors will only look for the most logically profitable businesses going forward? (49:39) - What's happening in the world of Series-A, Seed, and Pre-Seed investing? (55:25) - What factors would determine a phenomenal seed company in this market?  (58:33) - Thoughts on the PayPal Mafia (1:03:12) - What is your mindset heading into the next 5 years? The Fort is produced by Johnny Podcasts

Springdale Golf LIVE
I Need to Know - #219

Springdale Golf LIVE

Play Episode Listen Later Jul 22, 2022 59:37


The golf world is exploding with popularity, disruption and drama on the course. The LPGA and PGA Tour couldn't be more a part of mainstream sports and yet much of the news is still taking place off the course. We need some help putting this all into perspective. Chris Powers is a staff writer, assistant editor, podcast host and content creator for Golf Digest. In this episode we dig into his insider network to discuss: LIV golf's present and future 2022 major championships The Open Championship Prominence of golf betting  His career path and determination to succeed in this industry It's an educational and entertaining conversation with one of GD's bright young storytellers. Join Chris and Keith as they try to peal back all the layers of this onion.  The Weekly Update: The volume of the Claret Jug, incorrect scorecards, Stenson supplanted, Trey versus the TSA...   ProShow Playlist Ep. #219:  I Need to Know (Tom Petty and the Heartbreakers), What is Life (George Harrison), Breakdown (Jack Johnson)

The FORT with Chris Powers
#231: Brad Hargreaves - Founder & CEO of Common - Making housing more affordable through co-living and best-in-class property management

The FORT with Chris Powers

Play Episode Listen Later Jul 19, 2022 63:57


Brad Hargreaves is the Founder and CEO of Common, the nation's leading residential brand that designs and manages multifamily apartments with more than 6,000 residents in over 10 markets across the country.   On this episode, Chris and Brad discuss how co-living works and why it's more affordable, how Common works with owners and developers to drive returns and what makes for a great location/market when deciding to develop co-living. Enjoy! Learn more about Chris Powers and Fort Capital: www.FortCapitalLP.com Follow Fort Capital on LinkedIn: www.linkedin.com/company/fort-capital/ Follow Chris on Twitter: www.Twitter.com/FortWorthChris  Follow Chris on LinkedIn: www.linkedin.com/in/chrispowersjr/  Subscribe to The Fort on YouTube: https://www.youtube.com/channel/UCuJ32shRt8Od3MxMY-keTSQ Common: https://www.common.com/ Brad on Twitter: https://twitter.com/bhargreaves (2:04) - Brad's journey into co-living (3:17) - When did co-living get its label and become a true asset class? (4:33) - What does Common do & what is the definition of Co-living? (5:48) - How do your management & lease agreements work? (9:01) - Why are developers approaching you over traditional Property Managers? (10:57) -  - How do you think about designing to separate yourself from other MF developers? (15:29) - What's the trigger in these jurisdictions that gets you classified into co-living? (17:53) - SRO: Single Room Occupancy dwelling (19:46) - Why are jurisdictions somewhat against co-living? (21:09) - What makes a great market for co-living & how do you decide which markets to pursue? (25:56) - Factors that impact the viability of co-working (30:03) - Understanding the customer (31:38) - What's your revenue model for a ground-up development? (35:47) - Who is the target customer for co-living? (41:05) - Are you furnishing the co-living units? (43:02) - How does the dynamic of 4 strangers living together work? (47:38) - At what point does management have to get involved in tenant disputes? (49:43) - How much customization can a tenant take upon themselves? (52:09) - How do leases & evictions work? (53:59) - How Common approaches Staffing (55:45) - How do you think about advertising? (56:50) - What are your most common unit configuration and square footage? (57:32) - Thoughts on retrofitting existing structures (1:00:06) - Is there an opportunity for converting office buildings? (1:01:13) - Are there any big needle movers that will have an impact on affordable housing & co-living happening right now? The Fort is produced by Johnny Podcasts

The FORT with Chris Powers
#229: Wes Mabry - Cost Segregation Studies in RE and why they're a beautiful thing

The FORT with Chris Powers

Play Episode Listen Later Jul 12, 2022 45:27


Wesley Mabry is an experienced Cost Segregation Consultant with over 15 years of experience in the industry across a wide range of asset classes. Mr. Mabry founded 1245 Consulting in 2017 and services all of the United States. Wes has performed thousands of Cost Segregation Studies analyzing over 8 billion dollars of real estate improvements throughout the United States. His experience includes working closely with Accountants, CPAs, EAs, REITs, Corporations, Partnerships, and individual investors. On this episode, Chris and Wes deep dive into cost seg and how they work, why different asset classes offer different depreciation possibilities and the implications of selling a property with accumulated depreciation through the life of ownership. They also discuss pending legislation and impacts on real estate/cost segs and much more. Learn more about Chris Powers and Fort Capital: www.FortCapitalLP.com Follow Fort Capital on LinkedIn: www.linkedin.com/company/fort-capital/ Follow Chris on Twitter: www.Twitter.com/FortWorthChris  Follow Chris on LinkedIn: www.linkedin.com/in/chrispowersjr/  Subscribe to The Fort on YouTube: https://www.youtube.com/channel/UCuJ32shRt8Od3MxMY-keTSQ Follow The Fort on Instagram: www.Instagram.com/TheFortPodcast Follow Wes on Twitter: https://twitter.com/1245consulting 1245 Consulting: https://www.1245consulting.com/ (03:59) - What is a Cost Segregation Study? (05:20) - How is it different from straight-line depreciation? (06:45) - Is there any reason why someone shouldn't do a Cost Seg? (08:42) - Can you do this on your own or do you need to hire a professional? (09:34) - Can this be done only on investment properties? (09:57) - Do the rules for Cost Segregation vary from state to state? (10:48) - What happens from the day I call you to get a Cost Seg to the day you send me the report? What then do I do with what you give me? (17:01) - An Industrial Deal example for Cost Segregation (20:13) - Are there any materials or components of a building that fall into gray areas? (22:26) - What are some asset types that receive the most benefit from Cost Seg?  (26:24) - Do you want to do a Study before you do improvements to the property or after? (28:23) - What is a recapture tax? (32:47) - What do owners who are long-term holders do once their depreciable amortization schedule expires? (34:23) - Is there any ongoing legislation that people should be aware of? (36:05) - The importance of Land Value (39:39) - Is everything predicated on the year the Study is done? (40:51) - Can you do another Cost Seg to an office building that you convert to residential? (44:03) - Wrap up and final thoughts The Fort is produced by Johnny Podcasts

Retail Leasing for Rockstars
Fort Capital Podcast #228 with Chris Powers - Beth Azor

Retail Leasing for Rockstars

Play Episode Listen Later Jul 11, 2022 90:28


Super grateful for the opportunity to be on Chris Powers podcast! Here it is in its entirety. Enjoy! - BA "Beth Azor is the founder and CEO of Azor Advisory Services (AAS), a leading commercial real estate advisory and investment firm based in Weston, Florida. As its principal, Beth currently owns and manages six shopping centers in Florida valued at over $100 million. She travels the U.S. consulting with, brokering deals for, and training associates in the commercial real estate industry. On this episode, Beth discusses how to drive the most value to a leasing center through leasing best practices, Impulse vs destination tenants, and the best practices for structuring a retail lease from decades of practice. Chris and Beth also chat about what makes the best deal for landlords and a lot more!" Learn more about Chris Powers and Fort Capital: www.FortCapitalLP.com Follow Fort Capital on LinkedIn: www.linkedin.com/company/fort-capital/ Follow Chris on Twitter: www.Twitter.com/FortWorthChris Follow Chris on LinkedIn: www.linkedin.com/in/chrispowersjr/ BECOME A COMMERCIAL REAL ESTATE ROCKSTAR: https://www.bethazor.com/ https://www.azoracademy.com/ For more commercial real estate training: https://www.bethazor.com/training/ FOLLOW ME ON SOCIAL: Facebook: https://www.facebook.com/azoradvisoryservices/ Twitter: https://twitter.com/bethazor1 Instagram: https://www.instagram.com/bethazor/ Linkedin: https://www.linkedin.com/company/6315636/ #commercialrealestate #cre #commercialrealestatepodcast

The FORT with Chris Powers
#228: Beth Azor - CEO of Azor Advisory - The Shopping Center Canvassing, Prospecting, and Leasing Queen!

The FORT with Chris Powers

Play Episode Listen Later Jul 5, 2022 90:29


Beth Azor is the founder and CEO of Azor Advisory Services (AAS), a leading commercial real estate advisory and investment firm based in Weston, Florida. As its principal, Beth currently owns and manages six shopping centers in Florida valued at over $100 million. She travels the U.S. consulting with, brokering deals for, and training associates in the commercial real estate industry. On this episode, Beth discusses how to drive the most value to a leasing center through leasing best practices, Impulse vs destination tenants, and the best practices for structuring a retail lease from decades of practice. Chris and Beth also chat about what makes the best deal for landlords and a lot more! Learn more about Chris Powers and Fort Capital: www.FortCapitalLP.com Follow Fort Capital on LinkedIn: www.linkedin.com/company/fort-capital/ Follow Chris on Twitter: www.Twitter.com/FortWorthChris  Follow Chris on LinkedIn: www.linkedin.com/in/chrispowersjr/  Subscribe to The Fort on YouTube: https://www.youtube.com/channel/UCuJ32shRt8Od3MxMY-keTSQ Follow The Fort on Instagram: www.Instagram.com/TheFortPodcast Beth on Twitter: https://twitter.com/Bethazor1 Beth on Instagram: https://www.instagram.com/bethazor/ Beth on LinkedIn: https://www.linkedin.com/in/bethazor/ (03:07) - Beth's Career in Real Estate (14:54) - Why was it so tough to bring in talent horizontally? (18:15) - Where did you develop this leadership style? (19:34) - How do you define canvasing & prospecting? (21:48) - Do most tenants already want to expand when you prospect or do you need to sell them on the idea? (22:52) - What are the critical components of an amazing leasing agent? (25:21) - What's your solution to someone who is afraid to go talk to a stranger? (28:19) - What are the main reasons a tenant is happy where they are or unhappy where they are? (33:15) - Impulse Tenants vs. Destination Tenants (40:53) - What is Dwell Time? (43:14) - “Your leasing competitor across the street is your best friend” (45:53) - What would be a reason you don't provide TI knowing the leasing agent across the street does? (47:29) - What is Occupancy Cost Ratio? (49:59) - Sales Reporting in Leases (50:58) - Percentage Rent Deals (53:54) - Relocation Clauses (55:51) - Grace Periods to Pay Rent (58:24) - What else have you learned are must-haves in a lease? (1:00:48) - Are there any lease clauses that linger post-covid? (1:03:22) - Why would a great property be okay with a pop-up shop? (1:08:12) - Is there ever a time when a tenant brings too much traffic? (1:10:38) - How does the delivery economy (Uber Eats, DoorDash) impact shopping centers? (1:14:42) - What is the Circular Economy? (16:02) - What gets you to a quick no when you're buying a property? (18:17) - Do you have tenants on the hook before you develop a property? (1:19:08) - Are you doing Triple Net leases or Gross? (1:19:26) - What are you responsible for as the landlord that is unique to the asset class? (1:20:48) - Is it true that grocery stores pay less rent? (1:20:58) - Why don't you like CoStar? Are there any online tools that you do like? (1:22:43) - How do you conduct a market survey? (1:24:26) - Why is traffic count so important? (1:25:12) - How do you respond to the media accusations that retail is dead? (1:29:15) - How can people engage with you online? The Fort is produced by Johnny Podcasts

The FORT with Chris Powers
#227: Mike Boyd - Going Deep on the Business of Family and How Families Can Achieve Multi-Generational Success

The FORT with Chris Powers

Play Episode Listen Later Jun 28, 2022 84:11


Mike Boyd is an Australian Entrepreneur, CEO & Investor. Mike started his entrepreneurial career at age 11 selling lost golf balls and didn't look back, going on to cofound no less than 7 businesses before the age of 25. Mike is a relentless innovator and is always trying to find new ways to innovate and solve problems using technology. Mike now dedicates a portion of his time to managing investments in alternative assets via the family's investment vehicle, Mudbrick Capital, and running The Business of Family Podcast. On this episode, Chris and Mike uncover best practices for building a successful multi-generational family and discuss the work that goes into planning for a successful family – it takes work! They also chat about how wealth is transferred from generation to generation without creating entitlement and deep dive into how the Founding Generation interacts with Generation 2. Enjoy! Learn more about Chris Powers and Fort Capital: www.FortCapitalLP.com Follow Fort Capital on LinkedIn: www.linkedin.com/company/fort-capital/ Follow Chris on Twitter: www.Twitter.com/FortWorthChris  Follow Chris on LinkedIn: www.linkedin.com/in/chrispowersjr/  Subscribe to The Fort on YouTube: https://www.youtube.com/channel/UCuJ32shRt8Od3MxMY-keTSQ Follow The Fort on Instagram: www.Instagram.com/TheFortPodcast (02:41) - Mike's Background and Career (06:15) - Living and Working Abroad VroomVroomVroom (07:59) -  How did you get into the digital side of entrepreneurship? Yellow sunglasses party guy (12:22) - What are trends are you seeing in travel right now? (15:25) - Did Australia provide some kind of governmental assistance during the pandemic? (16:59) - Mike's ‘The Business of Family' Podcast (21:21) - Why is this something your are passionate about? (5:17) - Does 3rd generational wealth ever happen by accident? (29:23) - If wealth usually dies in the 3rd generation of a family, how long does it typically take for the next founder generation to come along? (30:41) - Is the loss of generational wealth solely based on an increased number of members in a family? (34:38) - When a family gets to a size of a public company, do decisions still get made within the family, or are there outside decision-makers at play? (36:57) - What are the mechanisms you've seen work or not work when a clash within the family happens? (40:41) - Does the legacy operating business normally come from the founder wanting to pass the business down or from the 2nd generation wanting to take over? (43:04) - What are best practices for first-generation families to do if their hope and desire are for the kids to take over the business? Family Wealth by Jay Hughes Jr. (51:03) - When's the best time to start telling your children that you're wealthy? The Family Board Meeting by Jim Sheils (58:16) - Do you include your parents in the family enterprise or are you resetting the culture? (1:02:59) - How do you guarantee that the second generation will fail? (1:06:00) - How have you seen families handle an outlier child that is suffering due to drugs or other problems? (1:10:02) - Generational resiliency through divorce (1:12:25) - What's the best way to set guidelines for the next generation's behavior that is tied to an inheritance? (1:12:25) - How important is it that the founding patriarch and matriarch are aligned? (1:14:11) - What are the best practices for introducing your children into your business? (1:17:32) - In a situation with multiple kids who are qualified to be the leader of the enterprise, what do you do? (1:20:07) - What would you recommend for people who want to do this for their own families? (1:22:47) - How can people get in touch with you? The Business of Family podcast thebusinessoffamily.net Mike on Twitter The Fort is produced by Johnny Podcasts

The FORT with Chris Powers
#226: Barrett Linburg - Founder of Savoy Equity Partners - Real Estate Opportunity Zones 101

The FORT with Chris Powers

Play Episode Listen Later Jun 21, 2022 76:40


Barrett is a founding partner of Savoy Equity Partners and oversees the capitalization and structuring of the company's investments along with deal sourcing. Born and raised in Dallas, he has spent 17 years in the real estate industry crossing multiple product types and service lines. Barrett started investing in real estate in 2012 and enjoys learning about esoteric strategies which can be implemented to create excellent risk-adjusted returns. He has owned over 1,000 units and specializes in transactions with complex structures such as historic tax credits, opportunity zones, low-income restrictions, as well as the deconversion of fractured condos. On this episode, Barret and Chris deep dive into how opportunity zones work for LPs & GPs, the Tax implications of opportunity zones,  and chat about different types of opportunity zone structures. They also take a look inside a specific project they are working on in Dallas, TX, and much more! Learn more about Chris Powers and Fort Capital: www.FortCapitalLP.com Follow Fort Capital on LinkedIn: www.linkedin.com/company/fort-capital/ Follow Chris on Twitter: www.Twitter.com/FortWorthChris  Follow Chris on LinkedIn: www.linkedin.com/in/chrispowersjr/  Subscribe to The Fort on YouTube: https://www.youtube.com/channel/UCuJ32shRt8Od3MxMY-keTSQ Follow The Fort on Instagram: www.Instagram.com/TheFortPodcast CRE Models: https://www.cremodels.com/   (01:52) - Barrett's Career in RE (07:02) - What was the world like in '09-'10 when we were just getting back on track? (09:55) - Who were the folks who were still able to borrow during the '08 crisis? (11:10) - Barrett's Transition into Buying Deals (15:49) - The Lake Cliff Deal: How Complex Deals Come Together (24:57) - What headaches were you able to avoid with Dallas' Master Overlay Zoning? (27:14) - How to Develop RE Without Having to be the Developer (30:10) - Now that you own the land and partnered with a developer, what's your role? (34:08) - What is an opportunity zone? (37:36) - What's an Opportunity Zone Fund? (43:35) - How long do you have to invest a capital gain into an OZ fund and how long do you have until the capital in the fund needs to be deployed? (50:40) - New Proposed OZ Legislation (53:00) - Do you know if Governors will be able to legislate new OZs in the future? (56:47) - Is everything you've bought all listed under one entity? (57:55) - What do you have to do once you've acquired a vacant building to get the benefits of an OZ? (1:00:07) - What do you need to do to a piece of land to get the benefits of an OZ? (1:02:19) - What do you have to do once you've acquired a decrepit building to get the benefits of an OZ? (1:03:56) - What if you already owned property in an OZ before getting a CO, do you qualify? (1:05:25) - What can people do if they've already paid their tax and decide they'd rather start an OZ fund?  (1:06:08) - What is the breakeven point from OZ Fund fees and paying the capital gains tax and investing elsewhere? (1:09:52) - How does a GP take advantage of OZ's? (1:12:02) - The Disguised Sale Rule (1:12:51) - What's driving the value for your Lake Cliff deal? (1:14:30) - Thoughts on the Dallas Market The Fort is produced by Johnny Podcasts

The FORT with Chris Powers
#224: Nick Huber + Chris Powers Vol. 2

The FORT with Chris Powers

Play Episode Listen Later Jun 14, 2022 28:45


Part 2 of the exciting webinar session that Nick Huber had with Chris Powers on The Nick Huber Show. They talk about current events, highlights of our acquisition process, the market for GP, and many more! Learn more about Chris Powers and Fort Capital: www.FortCapitalLP.com Follow Fort Capital on LinkedIn: www.linkedin.com/company/fort-capital/ Follow Chris on Twitter: www.Twitter.com/FortWorthChris  Follow Chris on LinkedIn: www.linkedin.com/in/chrispowersjr/  Subscribe to The Fort on YouTube: https://www.youtube.com/channel/UCuJ32shRt8Od3MxMY-keTSQ Follow The Fort on Instagram: www.Instagram.com/TheFortPodcast Listen to #209 for Part 1 of this episode Topics: (01:46) - If you were a 25-year-old interested in Small Business, what would you do right now? (03:24) - Acquisition Strategies (09:51) - What's the biggest mistake you've made in the first 12-24 months of your Real Estate career? (14:33) - How have you identified buildings that are likely to sell? (17:54) - What are the 3 highest-leverage activities in your business? (20:05) - How do you want to maximize your impact on the world? (22:09) - How can a beginner in RE buy a property into their no-history LLC? (25:42) - Can the minimum investment be lowered to allow unaccredited investors to invest with Sweaty Startup or Fort Capital? (26:23) - What would you be betting on over the next 10 years? The Fort is produced by Johnny Podcasts

The FORT with Chris Powers
#222: Student Rental Pro - The Mad Scientist of Student Housing

The FORT with Chris Powers

Play Episode Listen Later Jun 7, 2022 91:09


On this episode, Chris chats with Twitter's Anonymous @StudentRentPro on every trick in the book for how to strategically manage student rental properties. They deep dive into the economics of how to put together a profitable student housing deal, what matters in a student lease, and funny stories from the trenches of managing students. Enjoy!  Learn more about Chris Powers and Fort Capital: www.FortCapitalLP.com Follow Fort Capital on LinkedIn: www.linkedin.com/company/fort-capital/ Follow Chris on Twitter: www.Twitter.com/FortWorthChris  Follow Chris on LinkedIn: www.linkedin.com/in/chrispowersjr/  Subscribe to The Fort on YouTube: https://www.youtube.com/channel/UCuJ32shRt8Od3MxMY-keTSQ Follow The Fort on Instagram: www.Instagram.com/TheFortPodcast Follow Student Rental Pro on Twitter: https://twitter.com/StudentRentPro Support our Sponsors: Juniper Square: https://www.junipersquare.com/ Lex Markets Corp: https://www.lex-markets.com/fort (03:15) - Student Rental Pro's background and RE portfolio (05:12) - How did you get into student rentals? (07:50) - What makes a great location for a student rental? (10:58) - What's your process for leasing a house for the upcoming school year? (13:31) - What are the big things that matter in a student housing lease? (15:54) - Why do you not include parental guarantors in the lease? (18:59) - Do you do any kind of due diligence or application on the students who want to lease? (20:13) - How do you handle parent complaints & work orders? (26:05) - What's the process of turning the house over from previous tenants to new tenants? (30:40) - What amenities do you provide? (32:48) - What are the tenants allowed to do in terms of drilling into the walls, painting, etc? (34:35) - Pets or no pets? (35:21) - Do you provide appliances? (36:26) - How do you think about deposits? (50:44) - How do you deal with police being called over a party? (53:23) - How do tenants communicate with you and what is your manager's job during the year? Appfolio (58:47) - What's the process of selecting a tenant to be “House Manager”? (59:43) - What stands out to you when looking at properties that will maximize rent? (1:05:55) - Who does the yard work? (1:07:35) - What are the most common maintenance issues you see and are there any preventative measures you take? (1:11:10) - What's the % increase you're getting on rent with students as opposed to traditional tenants? (1:13:28) - What's the direction of your portfolio? Twitter Questions: (1:15:05) - Do you compete against institutional capital? (1:16:20) - What would you prefer if you were to extend into a new market: A college-town or a town with a college in it? (1:20:23) - SRP's MF acquisition was based on listening to the podcast (1:24:35) - Storytime w/ Student Rental Pro

The FORT with Chris Powers
#219: Stephen Bailey- Senior Managing Director @ JLL - DFW Industrial Market Update

The FORT with Chris Powers

Play Episode Listen Later May 24, 2022 56:30


Stephen Bailey, Senior Managing Director at JLL, joins Chris again to discuss the current state of capital markets and the ideal situation for sellers going to market - hint: Low WALT. They also dive into land prices, forwards, and cost to construct and how the demand continues to rise, despite the volatile market. Enjoy! Learn more about Chris Powers and Fort Capital: www.FortCapitalLP.com Follow Fort Capital on LinkedIn: www.linkedin.com/company/fort-capital/ Follow Chris on Twitter: www.Twitter.com/FortWorthChris  Follow Chris on LinkedIn: www.linkedin.com/in/chrispowersjr/  Subscribe to The Fort on YouTube: https://www.youtube.com/channel/UCuJ32shRt8Od3MxMY-keTSQ Follow The Fort on Instagram: www.Instagram.com/TheFortPodcast (03:15) - The State of the Market Post-2022 and Where Stephen Sees the Opportunity (07:15) - When did you start noticing volatility in the market? (08:59) - How are capital flows reacting to this? (12:03) - Are Lenders getting hesitant? (14:40) - The State of the Capital Markets (15:50) - How many buyers are shifting their focus to industrial from other assets? (18:45) - What due diligence do you conduct on a buyer? (20:23) - What Are Some Interesting Terms You're Seeing in Leases (23:17) - How is Texas performing compared to other hot markets? (24:32) - Thoughts on Amazon (27:17) - Thoughts on Large Industrial Tenants & Development (33:09) - Land Prices (34:49) - Construction & loan rates (35:44) - Class B Industrial (37:06) - Forwards (38:04) - Thoughts on Industrial Outdoor Storage (41:11) - What happens to debt when you get above a certain purchase price? (42:39) - How Fort Capital is Applying What Stephen is Seeing (54:29) - Final Thoughts The Fort is produced by Johnny Podcasts

The FORT with Chris Powers
RE #217: Chris Powers & Drew Pearson - A live mentoring session on how to build a REPE operating company and lessons learned along the way.

The FORT with Chris Powers

Play Episode Listen Later May 17, 2022 79:47


Drew Pearson, Managing Partner at Pearson Partners, began his commercial real estate career at Latter & Blum in Baton Rouge in 2008. He moved to a boutique firm named Waters & Pettit in 2011 and within a few years became a top-selling agent there. To date he has sold over $100MM dollars of investment property in more than 15 states. In 2015, he began to work at the real estate private equity firm Promanas in Ann Arbor, MI. There he served as head of acquisitions helping the firm to grow to over $250MM of real estate asset value. He considers his time at Promanas instrumental in his growth and development process. On this episode, Drew and Chris sit down for a live mentoring session on how to build a REPE operating company. They discuss how to go from 4-5 people to 20, the benefits of bigger deals over smaller deals, and how to create leverage in your business. Drew ends this session by asking Chris the things he would teach himself 5 years ago. Enjoy!  Learn more about Chris Powers and Fort Capital: www.FortCapitalLP.com Follow Fort Capital on LinkedIn: www.linkedin.com/company/fort-capital/ Follow Chris on Twitter: www.Twitter.com/FortWorthChris  Follow Chris on LinkedIn: www.linkedin.com/in/chrispowersjr/  Subscribe to The Fort on YouTube: https://www.youtube.com/channel/UCuJ32shRt8Od3MxMY-keTSQ Follow The Fort on Instagram: www.Instagram.com/TheFortPodcast Support our sponsors: CRE Models (03:36) - Honoring Friendships (05:28) - Drew's Evolution Since Meeting Chris (06:29) - What are some major hurdles people have when going from 4-5 employees to 15-20?  (11:47) - Setting Goals & Always Refining Your Process (19:22) - The Dark Side of Pursuing Greatness Relentless by Tim Grover (24:05) - Drew's Background in Real Estate (27:29) - The New Language of the Next RE Cycle (41:03) - What are some roadblocks you see young GPs make as they advance in their careers? (49:58) - What were some big leverage points in your career? (55:37) - How do you cultivate your relationships? (1:00:15) - Thinking and Reflecting vs. Consuming Information (1:06:10) - What's the biggest challenge you're facing right now? (1:11:44) - What advice would you give yourself 5 years ago? The Fort is produced by Johnny Podcasts

Off the Chain
#957 Chris Powers On Building A Real Estate Investing Machine

Off the Chain

Play Episode Listen Later May 12, 2022 38:13


Chris Powers is the Founder & Chairman at Fort Capital In this conversation we talk about real estate, interests rates, the macro environment and how to build a great asset management firm. ======================= Since 2018 Copper has been at the forefront of institutional digital asset development.   From award winning custody solutions, to creating the first truly off-exchange settlement function, Copper pioneers technology, products, and services, in lock-step with a rapidly changing world.    No other infrastructure provider covers as many assets, across as many exchanges, with the speed and security that Copper can offer. To learn how Copper helps the world's largest institutional investors secure their digital assets, head over to copper.co   Copper - the unfair advantage. ======================= Compass Mining is the world's first online marketplace for bitcoin mining hardware and hosting. Compass was founded with the goal of making it easy for everyone to mine bitcoin.  Visit http://compassmining.io to start mining bitcoin today!  ======================= Bullish is a powerful new digital asset exchange built for institutions that delivers the innovations of DeFi in a regulated environment. The Bullish Hybrid Order Book pairs the high-performance of a traditional Central Limit Order Book with automated market making. Powered by deep Bullish Liquidity Pools, backed by the multi-billion dollar Bullish Treasury. So, you can trade with certainty and at scale across variable market conditions.   Learn more at Bullish.com or follow @Bullish on Twitter. Because the future belongs to the bullish.   *Not investment advice. Digital assets and cryptocurrencies are high risk products. Consult your professional advisor before dealing in them. Bullish's services are available in select locations only and not to U.S persons.    Visit https://bullish.com/legal for important information and risk warnings =======================

The FORT with Chris Powers
RE #215: Chris Powers on Incentives in Real Estate

The FORT with Chris Powers

Play Episode Listen Later May 10, 2022 42:16


On this episode, Chris discusses incentives that drive companies and people, COR - how to incentive your people to make money and watch expenses, and why it all starts with the culture of your company.  Learn more about Chris Powers and Fort Capital: www.FortCapitalLP.com Follow Fort Capital on LinkedIn: www.linkedin.com/company/fort-capital/ Follow Chris on Twitter: www.Twitter.com/FortWorthChris  Follow Chris on LinkedIn: www.linkedin.com/in/chrispowersjr/  Subscribe to The Fort on YouTube: https://www.youtube.com/channel/UCuJ32shRt8Od3MxMY-keTSQ Follow The Fort on Instagram: www.Instagram.com/TheFortPodcast Support our Sponsors: www.FortCapitalLp.com/connect www.JuniperSquare.com www.Lex-markets.com/fort www.CREmodels.com (03:22) - You Should Strive to be Profitable  (04:32)  - Culture vs. Incentives  Super Chickens w/ Margaret Heffernan (08:20) - Social Capital (09:20) - Incentivizing a Team Environment The Fort Podcast Episode #65 on COR (10:45) - Using COR as an Incentive (20:10)  - There is No Perfect Incentive The Fort Podcast episode #47 w/ Andrew Segal The Fort Podcast Episode #64 w/ Andrew Segal Twitter Questions: (27:20) -  How do you incentivize at FC based on Promote?  (30:34) - Rolling Bonuses (34:20) - How do you incentivize brokers? (35:50) - How do you incentivize the back office? (38:08) - Incentives are not only about making money The Fort is produced by Johnny Podcasts

The FORT with Chris Powers
RE #213: Bo Aughtry - Deep Dive into Hotel Development and Lessons Learned Through Many Cycles

The FORT with Chris Powers

Play Episode Listen Later May 3, 2022 71:39


Bo Aughtry, Chairman & CEO of Windsor Aughtry Commercial, entered the real estate business out of college and in 1975 helped found Small and Aughtry, a real estate development and brokerage firm. In 1980, Bo established The Aughtry Company, a commercial real estate development and brokerage firm, and Aughtry Securities Corporation, an NASD Broker/Dealer, serving as president of both. In 1988 the companies merged with Windsor Properties, Inc., then a Greenville-based home-building firm, thereby forming Windsor/Aughtry Company, Inc. On this episode, Bo discusses lessons learned through many economic cycles and Short Term Rentals as a competitor. Chris and Bo also chat about how WAC develops hotels - selecting markets, sites, construction, and partnering with hotel brands. Enjoy! Learn more about Chris Powers and Fort Capital: www.FortCapitalLP.com Follow Fort Capital on LinkedIn: www.linkedin.com/company/fort-capital/ Follow Chris on Twitter: www.Twitter.com/FortWorthChris  Follow Chris on LinkedIn: www.linkedin.com/in/chrispowersjr/  Subscribe to The Fort on YouTube: https://www.youtube.com/channel/UCuJ32shRt8Od3MxMY-keTSQ Follow The Fort on Instagram: www.Instagram.com/TheFortPodcast   (02:03) - Bo's Background and Career in Real Estate (05:41) - Bo's Experience During the OPEC Oil Embargo (10:40) - When you think back on the cycles you've experienced, could you sense them or did they come unexpectedly? (13:33) - What are the chain of events that happen during an unraveling? (17:54) - Are you sensing anything right now? Psychology of money by Morgan Housel (25:13) - When the interest rates went to 21.5% prime, how long did they stay that high and what happened during that period? (28:46) - How did you get into hotel development? (32:03) - How do you select sites when developing a hotel? (35:43) - Who is your average guests when building in a college town? (39:12) - Do you try to sign contracts with universities? (40:57) - How do you select the brand of hotel? (42:28) - What's the differentiation of risk between you and the hotel brand? (44:58) - Do you have to follow the specs of the hotel brand or do they give you freedom of design? (47:11) - What's an affinity program? (47:53) - Who purchases the furniture for the hotel? (50:47) - What does Hilton provide to you beyond a booking system and marketing? (52:08) - Thoughts on Construction  (56:43) - Thoughts on AirBnb & STR's (1:03:29) - Why do you pursue heads-up deals and what matters to you in partnerships? (1:09:39) - If you could go back and tell your 35 year-old self some wisdom, what would it be?

The FORT with Chris Powers
RE #211: Nick Clark - President & Founder of Common Desk - The Future of Co-Working & Flexible Office Space

The FORT with Chris Powers

Play Episode Listen Later Apr 26, 2022 57:28


Nick Clark founded Common Desk in 2012 after leaving a career in office leasing and management. Common Desk has since become a coworking industry leader in design, hospitality, and asset-light deal structures with office landlords. After scaling the brand to 23 locations throughout Texas and North Carolina, WeWork acquired Common Desk at the beginning of 2022. Common Desk as a brand will remain and Nick is still at the helm of the company's continued growth plan. On this episode, Nick shares why they sold to WeWork and what the future of the company will look like, and why Common Desk chooses management agreements with landlords. He deep dives into why the return to office will come back in a major way, what has changed and how flexible office space going from 2% to 25% of the office market. Enjoy!  Learn more about Chris Powers and Fort Capital: www.FortCapitalLP.com Follow Fort Capital on LinkedIn: www.linkedin.com/company/fort-capital/ Follow Chris on Twitter: www.Twitter.com/FortWorthChris  Follow Chris on LinkedIn: www.linkedin.com/in/chrispowersjr/  Subscribe to The Fort on YouTube: https://www.youtube.com/channel/UCuJ32shRt8Od3MxMY-keTSQ Follow The Fort on Instagram: www.Instagram.com/TheFortPodcast Common Desk Nick Clark on LinkedIn (03:12) - What are you seeing now in the world as we emerge from Covid? (05:20) - How are banks and capital markets reacting to the new trend of shorter-term leases?  (07:57) - The Management Agreement Model (10:07) - Do the rest of the building tenants benefit from the flex-office operation or is it only common desk customers? (12:05) - Do you perform better being located on the first or second floor of a building? (12:36) -Is there data that shows a building performs better when all tenants can participate in common desk amenities? (14:15) - Do you only operate off the management agreement model? (19:35) - What services does Common Desk provide within the space? (20:49) - Are you seeing larger companies coming into Common Desk who really want you take care of the amenity side of work? (24:53) -  What are the key things that make a successful Common Desk location? (29:42) - The Process of Selling Common Desk to WeWork (37:30) - How long does it take to open one location? (38:26) - Do you think the changes in the way we work over the past two years are permanent? (42:18) - Is there anything interesting WeWork is doing behind the scenes they're really focused on? (44:39) - Does Common Desk only work in an office setting or have you thought about occupying other asset classes? (45:55) - Did you learn anything about business or life grinding through Covid as a leader of a company? (48:47) - Nick's Belief That Lawns Shouldn't Exist (51:24) - Nick's Desire To Buy a Waffle House