Podcast appearances and mentions of jeremy goodrich

Welcome to the CRE Clarity Podcast with Jeremy Goodrich. In this episode, we delve into the net lease investment space with expert guest Miguel Jauregui. From mastering tenant selection to navigating the current lending landscape, Miguel shares valuable insights you don't want to miss out on. Learn more about Miguel and his story at creclarity.com! “Some of those Amazon-proof businesses are where people want to be today.”   01:04 Miguel is specialized in the net lease asset class. He's drawn to this asset class because of its lower management responsibilities and long-term stability.    Miguel explains some hurdles new investors should understand about the net lease investment space. Understand the lease and the tenant. Choose tenants with a strong credit profile and high FICO score. Be prepared for a potential vacancy if you're investing in a single-tenant property. “The state matters. The city matters. It's something that you have to consistently consider because you're gonna see different cap rates in different places.”   11:34 Miguel is a debt expert. He shares his best advice on putting together the best debt stack for a property. Location matters. Don't solely base your decision on the tenant. Always run your deals through a financing professional, especially in today's volatile lending market. Build a strong profile and have a well-organized PFS. “The bank is in the business of doing loans, not declining loans. They need to do loans, so be transparent with them.”   21:45 Toward the end of the episode, Miguel talks about how to navigate the lending process. The key is to be transparent with the lenders. Hiding any issues can ruin your long-term relationship with them.   There are still a lot of opportunities in today's market. View high interest rates or potential vacancies as opportunities to find value and negotiate favorable terms.    Miguel thinks that the market may be near its bottom. He anticipates market stabilization and potential improvement as interest rates decrease. About our guest, Miguel Jauregui Miguel has over ten years of real estate experience, developing his career from an analyst to his current role leading the capital markets team. Before joining SAB Capital, Miguel worked as a CRE Relationship Manager for Wells Fargo, as a Director of Investment Sales for Besen Partners, and was the NYC Co-Lead for Greysteel. In these roles, Miguel worked in multiple areas of the industry where he monitored over $170 million of real estate assets, brokered over $200 million of deals throughout New York City, and created relationships with capital market partners to support and educate his investor clients properly.  Mentioned in the show: His LinkedIn Shineinsurance.com www.shineinsurance.com/managing-commercial-real-estate-risk Jeremy's LinkedIn Need an instant insurance ballpark for your next Multifamily deal?! Answer 9 simple questions and we'll give you a sense of what insurance should be. Visit us here for everything you need to know: https://www.shineinsurance.com/ballpark/    Special thanks to Miguel Jauregui for taking the time to share so many great insights with us   If you enjoyed this podcast, there's a couple of things we need you to do right now:  ·   SUBSCRIBE to CRE Clarity on Apple Podcast, Spotify, or wherever you listen to podcasts  ·   While you there, please RATE & REVIEW the show  ·   SHARE with friends ·   Finally, please, JOIN the CRE Clarity Facebook Group Then, please share the show with whoever you think it will inspire. Until the next time, We truly appreciate you listening. Need the CRE Insurance Guy? More great stories & information at: Youtube – Blog – Podcast  

Welcome to the CRE Clarity Podcast with Jeremy Goodrich. We have a returning guest today, John Casmon, multifamily syndicator, podcast host, and marketing expert. In our conversation, we talk about the best multifamily markets, how to align your team with your goals, and how to minimize your tenant turnover with event marketing. Join us and get inspired!  Learn more about John and his story at creclarity.com! “The reason the Midwest is so appealing to me is because it's very stable. It doesn't get too high up when things are great, but it also doesn't get too low at bad times.“   01:00 In the last decade, John has almost exclusively focused on multifamily investments in the stable Midwest markets, particularly cities like Columbus, Cincinnati, Louisville, and Indianapolis. He emphasizes the importance of evaluating market fundamentals and considering factors like population growth, job market strength, and rental market trends before making investment decisions.   John explains that in 2023 the most amount of new units come to the market in the last 36 years and 2024 is expected to surpass that number. This trend forces rents to compress. “With my team, we're all aligned with our goals. They're clear on what success means to me, and our strategies and goals are based on that.”   08:42 John loves multifamily but he's looking into different asset classes as well, like boutique hotels or residential assisted living. His goal is to create memorable experiences for his tenants by focusing on community and organizing community events. This mentality stems from John's event marketing background and is leading to remarkably low tenant turnover.   John is very clear on what success means to him, and his team has to be aligned in their goals. He primarily focuses on the NOI, and the compensations are tied to that as well.  “I'm excited about the overall market dynamics because it's a great time to grow.”   30:48 Towards the end of the conversation, John shares what he's looking forward to in 2024. He's excited about new opportunities. In the last couple of years, it was challenging to come across good deals, but he sees 2024 as a year of opportunity, noting that investors are returning to fundamentals, making it easier to identify cash-flowing deals.   Finally, John shares one point of clarity with the listeners. Understanding goals and visions is key to clarity and success. Make sure your investing strategy aligns with your actual goal. That's going to help you get the most clarity.  About our Guest, John Casmon John Casmon is a real estate entrepreneur, who has partnered with busy professionals to invest in over $100 million worth of apartments. John also consults active multifamily investors to help them start or grow their business. He hosts the Multifamily Insights podcast (formerly Target Market Insights) and is the co-creator of the Midwest Real Estate Networking Summit. Prior to becoming a full-time investor, John worked in corporate America, overseeing marketing campaigns for General Motors, Nike and Coors Light.  Mentioned in the show: https://www.casmoncapital.com/ His LinkedIn Shineinsurance.com www.crerisk.com Jeremy's LinkedIn Need an instant insurance ballpark for your next Multifamily deal?! Answer 9 simple questions and we'll give you a sense of what insurance should be. Visit us here for everything you need to know: https://www.shineinsurance.com/ballpark/    Special thanks to John Casmon for taking the time to share so many great insights with us   If you enjoyed this podcast, there's a couple of things we need you to do right now:  ·   SUBSCRIBE to CRE Clarity on Apple Podcast, Spotify, or wherever you listen to podcasts  ·   While you there, please RATE & REVIEW the show  ·   SHARE with friends ·   Finally, please, JOIN the CRE Clarity Facebook Group Then, please share the show with whoever you think it will inspire. Until the next time, We truly appreciate you listening. Need the CRE Insurance Guy? More great stories & information at: Youtube – Blog – Podcast

In this episode, Joe Cornwell interviews Jeremy Goodrich, as they discuss insurance and risk management in real estate investing. They highlight the importance of a holistic approach, common mistakes, and strategies to mitigate costs. Key Takeaways: Holistic Insurance Understanding: Recognizing the importance of seeing insurance as part of a larger risk management strategy to protect investments. Avoiding Common Mistakes: Learning from typical oversights in risk management, such as inadequate safety practices and documentation. Cost Mitigation Strategies: Implementing methods to handle increasing insurance premiums, including the selection of higher deductibles and choosing the right insurance broker. Jeremy Goodrich | Real Estate Background CEO of Shine Insurance Helps CRE acquisitions and asset management teams build and implement Risk management & insurance strategies Based in:  Bloomington, IN Say hi to him at:  LinkedIn Best Ever Book: Tribal Branding by Patrick Hanlon Sponsors: Syndication Attorneys Monarch Money My1031Pros

On this encore episode of The Passive Income Attorney Podcast, Seth is joined by Jeremy Goodrich, co-founder of Shine Insurance Agency and YouTuber with over 13k subscribers. From former teacher turned real estate insurance mastermind, Jeremy gives a breakdown of what he considers “Insurance 101” and why 80% of investors are not properly protected. From finding what insurance is best suitable for your needs to the three parts of coverage you should keep an eye out for, Jeremy shares his knowledge gained from his fascinating experiences working in the real estate insurance realm. Enjoy!   “The reality is that if it weren't for insurance, none of us would be investing.”   ✈️ CONNECT | SETH BRADLEY:

On this encore episode of The Passive Income Attorney Podcast, Seth is joined by Jeremy Goodrich, co-founder of Shine Insurance Agency and YouTuber with over 13k subscribers. From former teacher turned real estate insurance mastermind, Jeremy gives a breakdown of what he considers “Insurance 101” and why 80% of investors are not properly protected. From finding what insurance is best suitable for your needs to the three parts of coverage you should keep an eye out for, Jeremy shares his knowledge gained from his fascinating experiences working in the real estate insurance realm. Enjoy!   “The reality is that if it weren't for insurance, none of us would be investing.”   ✈️ CONNECT | SETH BRADLEY:

Jeremy Goodrich is a commercial real estate insurance advisor who's been teaching investors how to buy and protect properties since 2013. He's the owner of Shine Insurance, which aims to protect some of the top real estate investors in the country and the creator of The New Home Buyers Guide. Get in touch with Jeremy: Website: https://www.shineinsurance.com/home-auto-insurance-agent/ LinkedIn : https://www.linkedin.com/in/reiinsuranceguy/ Facebook: https://www.facebook.com/ShineInsuranceAgency/ YouTube: https://www.youtube.com/channel/UCGO-atb8JOo7usmRuVzG-BA Instagram: https://www.instagram.com/shineinsure/ For informational purposes only. Always consult with professionals. This is not meant to be used as legal or tax advice or otherwise. Any projections, opinions, assumptions, or estimates used are for example only. All information should be independently verified and is subject to errors and omissions. Check out some of our other videos and listings: PreReal Podcast https://www.youtube.com/watch?v=pTgZYyrkRyU&list=PLbyMUN39hTNWUFWH-tprcR0sTOwdqCfuk PreReal™, Prendamano Real Estate of staten island, NY is a real estate marketing firm that is focused on lead generation for all its properties for sale. More leads equals bigger pockets in the end for everyone. If you are house hunting and looking for a house for sale don't hesitate to give us a call (718)200-7799. If you think it is time to sell your house, we can get you top dollar for your property. Visit us at www.prereal.com Follow us on: Facebook: https://www.facebook.com/PrendamanoRealEstate Instagram: @prerealpodcast @prerealestate TikTok: @prerealestate Twitter: @prerealestate #RealEstate #Tips #PreReal

In this episode of Agency Intelligence podcast, host Jason Cass interviews Jeremy Goodrich, Owner of Shine Insurance Agency. Episode Highlights: Jason shares his personal interpretation of what success means. (2:56) Jeremy discusses the five freedoms that form the foundation of everyone's vision for success: money, time, location, relationships, and health. (5:43) Jeremy explains how active income and passive income differ, and suggests ways for agency owners to increase their passive income using their existing business. (12:05) Jason and Jeremy discuss the strategy of recruiting revenue-generating team members as a means to grow an agency, even when the owner isn't actively working. (14:24) Jeremy mentions the importance of cultivating a supportive culture and team within the insurance agency industry as a basis for growth. (21:01) Jeremy explains that by delegating tasks, we can attain success and realize our five freedoms, even if this process takes some time. (24:38) Jeremy expresses his belief that although we sometimes fall into negative personas, having positive intentions can help us achieve the life we desire. (28:43) Key Quotes: “The autopilot bus button is where the mentality changes for agency owners. And you really start thinking about the fact that the business you are self-employed inside of, if you can learn how to hit autopilot, that business can make you passive income that you're not working on.” - Jeremy Goodrich “One of the things I've learned is as soon as you delegate something, you never want to do it again. It's a step back.” - Jeremy Goodrich “Sometimes we get caught up in like the persona of an insurance agent. And underneath that veil is just the life that you want, the life that your intentions will provide for you, you can put things together to make that happen.” - Jeremy Goodrich Resources Mentioned: Jeremy Goodrich LinkedIn Shine Insurance Agency Reach out to Jason Cass Agency Intelligence

In this episode of Agency Intelligence podcast, host Jason Cass interviews Jeremy Goodrich, Owner of Shine Insurance Agency. Episode Highlights: Jeremy mentions that he and his wife established Shine Insurance Agency in 2013, aiming to transform people's perception of insurance. (1:36) Jeremy advises new agency owners to start writing down their processes from the beginning to create efficient systems. (6:48) Jeremy discusses his experience in discovering a commercial real estate niche and his strategy for managing clients' risks. (9:00) Jeremy mentions that the fundamental elements of building a business are the three E's: Education, Experience, and an Entourage. (11:24) Jeremy explains the concept of charging additional fees for app access, noting that it would only be successful if the value offered by the agency justified the cost. (23:31) Jeremy shares insights on the significance of transforming an agency into a passive income source, and provides examples of his accomplishments in this area. (26:07) Key Quotes: “One of the first things I always advise someone who's a new agency owner, maybe they haven't written their first million dollars in premium yet, is even from the beginning, start writing down your processes.” - Jeremy Goodrich “If you're going to find success in a business, you first have to have education, you second have to have experience. And then the third one is…you have to have an entourage.” - Jeremy Goodrich Resources Mentioned: Jeremy Goodrich LinkedIn Shine Insurance Agency Reach out to Jason Cass Agency Intelligence

Jeremy owns Shine Insurance Agency with McKenzie. He's a teacher at heart and he simplifies insurance by giving step by step guidance along the way.  Before Shine, he was an elementary school teacher, helping countless kids fall in love with art, math, science, and writing. Former students remember learning to play hockey in gym class, opening epic businesses in a virtual world called The Businesses Project, and learning to use a sewing machine.  After 13 years of teaching, he decided it was time to change the way people feel about insurance. Jeremy carried the heart of an educator over and he's been making insurance simple for first time home buyers and real estate investors even since.   Most days Jeremy can be found helping real estate investors by shooting them ball parks, reviewing their policies, and making insurance work for their bottom line.  He's also the host of a multifamily real estate podcast, and the host of Youtube's #1 m. Jeremy Goodrich is a real estate investor who has a great story to share and words of wisdom to impart for both beginning and veteran investors alike, so grab your pen and paper, buckle up and enjoy the ride. Want to get in contact with Jeremy Goodrich? Reach out at https://www.shineinsurance.com/.Want to become financially free through commercial real estate? Check out our eBook to learn how to jump start a cash flowing real estate portfolio here https://www.therealestateinvestingclub.com/real-estate-wealth-book  Enjoy the show? Subscribe to the channel for all our upcoming real estate investor interviews and episodes.  ************************************************************************  GET INVOLVED, CONNECTED & GROW YOUR REAL ESTATE BUSINESS  LEARN -- Want to learn the ins and outs of real estate investing? Check out our book at https://www.therealestateinvestingclub.com/real-estate-wealth-book  PARTNER -- Want to partner on a deal or connect in person? Email the host Gabe Petersen at gabe@therealestateinvestingclub.com or reach out on LinkedIn at https://www.linkedin.com/in/gabe-petersen/  WATCH -- Want to watch our YouTube channel? Click here: https://bit.ly/theREIshow  ************************************************************************   ABOUT THE REAL ESTATE INVESTING CLUB SHOW   Hear from successful real estate investors across every asset class on how they got started investing in real estate and then grew from their first deal to a portfolio of cash-flowing properties. We interview real estate pros from every asset class and learn what strategies they used to create generational wealth for themselves and their families. The REI Club is an interview-based real estate show that will teach you the fastest ways to start and grow your real estate investing career in today's market - from multifamily, to self-storage, to mobile home parks, to mix-use industrial, you'll hear it all! Join us as we delve into our guests career peaks and valleys and the best advice, greatest stories, and favoInterested in becoming a passive investor in one of our projects? Kaizen Properties, is looking for passive investors for our upcoming deals. We invest in what are known as “recession resistant assets”: self storage, MH & RV parks, and industrial properties. If you are interested, go to the website and click on the “Invest with Us” button at the bottom of the page.Support the show

Welcome to the Managing CRE Risk podcast with Jeremy Goodrich. Our guest is Shannon Robnett, a real estate developer and syndicator with over 35 years of experience. Shannon shares his advice on becoming a successful syndicator, selecting top-notch service providers, and managing risk in the current market. You don't want to miss out on this episode!  Learn more about Shannon and his story at shineinsurance.com/managing-commercial-real-estate-risk! “I don't like paying taxes. I'm very patriotic, but to me, that's not a patriotic duty.“   01:13 Shannon is a fourth-generation realtor. For a while, he didn't want to work in real estate, however, after completing college, he recognized the immense financial potential within the industry.    Over the course of his 35-year career, Shannon has taken on various roles, including overseeing construction projects, working as a developer and multifamily asset manager, and investing in many deals. He started syndicating in the last few years. “The first thing that I try and do when I talk with an investor is make sure that they understand who they are.”   06:23 Shannon shares his best pieces of advice on how to become a successful syndicator. Find a mentor and work up to your goals slowly but steadily. Understand what kind of investor you are, how high your risk tolerance is, and what type of deals fit your lifestyle. If you've lost money, figure out why, and don't do that again.  “When you're underwriting correctly, if everybody's doing it, it's probably a really good time to not be doing it.”   20:40 Shannon shares his insights on selecting top-notch service providers while minimizing associated risks within your team. His advice is to prioritize expertise and experience over cost. Also, always think at a higher level about your business and look for the most dedicated service providers with good track records.   Towards the end of the episode, Shannon shares his risk mitigation strategies in the current market. He's always managed risk from an 8-cap standpoint. If he can't get an 8-cap on the investment, he won't pursue it. He's emphasizing not being influenced by the market and having a solid underwriting strategy. About our guest, Shannon Robnett Shannon is a Real Estate Developer and Syndicator with a principal focus on Multifamily and Industrial real estate in the greater Boise area. His accomplishments include: Involved in Boise Real Estate Market for 35+ years 2nd Generation Builder & Developer 4th Generation Realtor Involved in over $250MM in construction projects ranging from multi-family, office buildings, and municipal buildings to schools, industrial projects, and mini storage A history of over $140MM in successful developments Has under management over $100MM with a wide range of investors Mentioned in the show: shannonrobnett.com Robnett's Real Estate Rundown His LinkedIn Shineinsurance.com www.shineinsurance.com/managing-commercial-real-estate-risk Jeremy's LinkedIn Need an instant insurance ballpark for your next Multifamily deal?! Answer 9 simple questions and we'll give you a sense of what insurance should be. Visit us here for everything you need to know: https://www.shineinsurance.com/ballpark/    Special thanks to Shannon Robnett for taking the time to share so many great insights with us   If you enjoyed this podcast, there's a couple of things we need you to do right now:  ·   SUBSCRIBE to Managing Commercial Real Estate Risk on Apple Podcast, Spotify, or wherever you listen to podcasts  ·   While you there, please RATE & REVIEW the show  ·   SHARE with friends ·   Finally, please, JOIN the Managing Commercial Real Estate Risk Facebook Group Then, please share the show with whoever you think it will inspire. Until the next time, We truly appreciate you listening. Need the CRE Insurance Guy? More great stories & information at: Youtube – Blog – Podcast If you enjoyed this episode, then you'll love these ones: The Future Of Commercial Real Estate, With Shannon Robnett 112: Quadrant Of Risk 113: 1031 Exchange In Kansas City, With Alex Olson  

Welcome to the Managing CRE Risk podcast with Jeremy Goodrich. Our guest today is Jacques Bazinet, a mammoth in the CRE world, with over 7500 units under his management. Listen in as we delve into the topic of manifesting who you want to be in your career, understanding the significance of your team as your key asset in the real estate business, and navigating the current multifamily downturn by identifying lucrative investment markets. This episode is a must-listen! Learn more about Jacques and his story at shineinsurance.com/managing-commercial-real-estate-risk! “Mental creation precedes physical creation.”   02:09 Jacques started his career in the training and development field alongside Stephen Covey. However, his passion for commercial real estate eventually led him to pursue it full-time, and now he is the COO of Tallos Holdings.   He talks about Stephen Covey's famous book, The Seven Habits of Highly Effective People, and highlights the most important lessons from it.  Have a clear framework for what you want to achieve mentally. Begin with the end in mind. Have high level of integrity with yourself before extending that same level of integrity to others. Before beginning to manifest your desires, figure out who you want to be and what you stand for in life.  “Organizations are perfectly aligned to get the result they're getting.”   08:37 Jacques talks about the 50% rule. According to this rule, 50% of the information you hear in your industry is false. His advice is to prioritize your integrity and truth-seeking abilities to discern the factual information from the misinformation.   Drawing from this principle, Jacques shares valuable advice on collecting accurate information and managing real estate risks effectively.  Work with people who have more experience than you. This gives you the flexibility to do a lot more. Start creating a reality where you're seeking answers from others, welcoming their answers, and trying them out. Be curious and willing to learn.  “I think a life of integrity is like several lives of moving forward without integrity.”   19:35 Jacques offers insights on managing risks in large multifamily projects. He emphasizes that being trustworthy attracts trustworthiness, and investors seeking to build relationships with developers, engineers, or other project-related people should prioritize building trust through their actions.   Towards the end of the episode, Jacques talks about the growing inventory and decreasing occupancy in multifamily from a builder's perspective. He shares his best pieces of advice to find the right market. Build in the top five cities and in the number one sub-market within those top five cities.  Build a class A product that is affordable.  Choose an area where there might be oversupply in the general market, but not within the sub-market that you're in.    Jacques' prediction is that the general market will be much more stable in the next 2 years.  About our guest, Jacques Bazinet Jacques Bazinet serves as Chief Operations Officer of Talos Holdings. With over 30 years of experience in operations and 25 years of experience in human performance, Jacques brings a unique perspective and ability to assist Talos Holdings in achieving its overall corporate vision. With executive and director roles at companies like Franklin Covey and InsideOut Development, Jacques has been instrumental in helping 10x revenues while also providing consulting, strategy, and a clear vision for 98 Fortune 1000 companies. In addition to assisting businesses to thrive, Jacques has a personal goal to create environments that foster personal and professional growth for residents of Talos Holdings' developments, yielding maximum, consistent returns for investors. Mentioned in the show: https://www.talosres.com/ His LinkedIn Shineinsurance.com www.shineinsurance.com/managing-commercial-real-estate-risk Jeremy's LinkedIn Need an instant insurance ballpark for your next Multifamily deal?! Answer 9 simple questions and we'll give you a sense of what insurance should be. Visit us here for everything you need to know: https://www.shineinsurance.com/ballpark/    Special thanks to Jacques Bazinet for taking the time to share so many great insights with us   If you enjoyed this podcast, there's a couple of things we need you to do right now:  ·   SUBSCRIBE to Managing Commercial Real Estate Risk on Apple Podcast, Spotify, or wherever you listen to podcasts  ·   While you there, please RATE & REVIEW the show  ·   SHARE with friends ·   Finally, please, JOIN the Managing Commercial Real Estate Risk Facebook Group Then, please share the show with whoever you think it will inspire. Until the next time, We truly appreciate you listening. Need the CRE Insurance Guy? More great stories & information at: Youtube – Blog – Podcast If you enjoyed this episode, then you'll love these ones: Flipping Resorts, With Josh McCallen 112: Quadrant Of Risk 130: How To Find Undervalued Markets, With Stefan Tsvetkov  

Insurance pros like Jeremy Goodrich can save you a lot of money - whether during a catastrophe (hopefully not), or on your mundane monthly payments. We know life is full of risks, from daring entrepreneurial ventures to the daily challenges of family life. But when it comes to the big risks, like investing in commercial real estate, we all need help from our friends and allies.Our guest today is a master of risk management and insurance. With a reputation for making the complex simple, he's one of the top go-to gurus for top real estate investors seeking clarity and peace of mind.Jeremy's Profilelinkedin.com/in/reiinsuranceguyWebsitesshineinsurance.com (Company)commercialrealestaterisk.com (Other)Phone8126798779 (Work)AddressPO Box 5187 Bloomington, IN 47407Emailjeremy@shineinsurance.comLive free. Get Educated. Master Your Money. Subscribe to our Podcast here! https://investingstuffyoushouldknow.buzzsprout.comYoutube Videos now up as well! Subscribe here:https://www.youtube.com/channel/UC1kV60Yxx4ntgLqAwOCR1Pg

Welcome to the Managing CRE Risk podcast with Jeremy Goodrich. Join us in this episode as we chat with Stewart Heath, the CEO of Harvard Grace Capital and a seasoned commercial investor. Discover valuable insights on investing in customer-facing offices, creating an effective proforma, and managing risks through property management.  Learn more about Stewart and his story at shineinsurance.com/managing-commercial-real-estate-risk! “We have a hard line that we're going to maintain 6 months of reserves in our syndications.”   01:46 Stewart initially ran his own CPA practice and witnessed the success of his real estate clients. Inspired, he started investing in duplexes and condos too, and eventually had almost 200 residential properties in his portfolio. Unfortunately, during the 2007-08 financial crisis, he lost a large portion of his portfolio.   When Stewart started over, he decided to invest in retail properties instead of residential ones. His advice for anyone starting a business is to include six months' worth of operating expenses as reserves in their business plan. This way, even if the business experiences high vacancies or low profits, it can still survive for a year. “We do the property management ourselves. It is the only way that I can guarantee that I'm delivering on the proforma as much as possible.”   09:56 Stewart mainly invests in Alabama and Tennessee. He prefers investing in stabilized properties and avoids multifamily investments. His preferred asset class is customer-facing suburban offices.   To manage real estate risk, Stewart emphasizes the importance of property management. The tenant selection process is a crucial factor that can make or break a property's success.   Aside from his primary investments, Stewart also invests in self-storage, which is a profitable asset class and has a strong correlation with multifamily. About our guest, Stewart Heath Heath sits on several boards, including HGC, Winsome Truth, The Shepherd's Call, and Second Chance Sober Living. In 2016, Heath was recognized as a finalist for the Nashville Business Journal's CFO Awards.  Currently, Heath holds several fractional CFO positions.   Heath previously held positions as COO and CFO for companies in retail, real estate, manufacturing, corporate services, entertainment, and digital media.  He earned his CPA license in 1987 and has since held several senior financial and operating positions. Heath also holds a B.S. in Business Administration from Auburn University. Mentioned in the show: https://www.harvardgrace.com/ His LinkedIn Shineinsurance.com www.shineinsurance.com/managing-commercial-real-estate-risk Jeremy's LinkedIn Need an instant insurance ballpark for your next Multifamily deal?! Answer 9 simple questions and we'll give you a sense of what insurance should be. Visit us here for everything you need to know: https://www.shineinsurance.com/ballpark/    Special thanks to Stewart Heath for taking the time to share so many great insights with us   If you enjoyed this podcast, there's a couple of things we need you to do right now:  ·   SUBSCRIBE to Managing Commercial Real Estate Risk on Apple Podcast, Spotify, or wherever you listen to podcasts  ·   While you there, please RATE & REVIEW the show  ·   SHARE with friends ·   Finally, please, JOIN the Managing Commercial Real Estate Risk Facebook Group Then, please share the show with whoever you think it will inspire. Until the next time, We truly appreciate you listening. Need the CRE Insurance Guy? More great stories & information at: Youtube – Blog – Podcast If you enjoyed this episode, then you'll love these ones: Flipping Resorts, With Josh McCallen 112: Quadrant Of Risk 130: How To Find Undervalued Markets, With Stefan Tsvetkov  

Welcome to the Managing CRE Risk podcast with Jeremy Goodrich. Our guest today is Tommy Brant - a once electrical engineer, now a dedicated full-time real estate investor. Join us in this episode as we delve into the art of building a solid syndication team, uncovering potential pitfalls in multifamily deals, and the importance of establishing reliable structures and processes in your real estate business. You don't want to miss out on this episode Learn more about Tommy and his story at shineinsurance.com/managing-commercial-real-estate-risk! “We're in a business where we can't be buying with emotion when it comes to other people's money so if I can't buy with the spreadsheet, then I'm not going to buy.”   01:53 Tommy began his professional journey as an electrical engineer, dedicating 12 years to this field before moving on to real estate investing. His experience as an engineer taught him the importance of paying close attention to details and establishing effective systems.   Initially, Tommy focused on investing in single-family homes. In 2021, he made the switch to becoming a full-time real estate investor. Currently, his main focus is on multifamily syndication. “If it's not a “hell yes” for our investors, then it's a “hell no”   09:15 Tommy shares a deal that appeared promising but ultimately did not pan out. Despite finding a property with potential and assembling a strong team, they soon discovered fraudulent activity committed by the property manager. As a result, the contract was canceled and legal action against the manager was recommended.   From this experience, Tommy learned valuable lessons about the importance of risk management for asset managers. He advises implementing weekly property management calls, closely monitoring financials for inaccuracies, and avoiding entrusting financial responsibilities to a single individual.   Despite this setback, Tommy persevered and successfully syndicated a 49-unit property in Louisville in 2022, which proved to be a profitable venture. “Every deal is different, every structure is different, and every type of investor is different, so you've got to classify things appropriately.”   21:39 At the end of the conversation, Tommy delves into the topic of syndication structuring, which is divided into three key domains: acquisition, investor management, and asset management.   Tommy is known for his meticulous approach to process management, having invested significant time and effort in developing detailed checklists for each of the three domains. He emphasizes the importance of building an experienced team and participating in masterminds to gain valuable insights and experience.   When it comes to market predictions for the next couple of years, Tommy believes that we will be experiencing an elevated inflationary environment, which could manifest in the form of supply and inventory fluctuations. About our guest, Tommy Brant Tommy Brant is a ‘recovering‘ electrical engineer and data scientist turned full time Real Estate Investor. Based in Nashville, TN. He started TB Capital Group as a tool to buy real estate with family, friends, and partners. He helps busy professionals accelerate their wealth through passively investing in real estate. His goal is to help others achieve ULTIMATE freedom (which can't be done without being financially free) Portfolio of LTR, STR, and apartments - invested in 400+ units, totaling $36M in assets. Mentioned in the show: https://tbcapitalgroup.com/ His LinkedIn Shineinsurance.com www.shineinsurance.com/managing-commercial-real-estate-risk Jeremy's LinkedIn Need an instant insurance ballpark for your next Multifamily deal?! Answer 9 simple questions and we'll give you a sense of what insurance should be. Visit us here for everything you need to know: https://www.shineinsurance.com/ballpark/    Special thanks to Tommy Brant for taking the time to share so many great insights with us   If you enjoyed this podcast, there's a couple of things we need you to do right now:  ·   SUBSCRIBE to Managing Commercial Real Estate Risk on Apple Podcast, Spotify, or wherever you listen to podcasts  ·   While you there, please RATE & REVIEW the show  ·   SHARE with friends ·   Finally, please, JOIN the Managing Commercial Real Estate Risk Facebook Group Then, please share the show with whoever you think it will inspire. Until the next time, We truly appreciate you listening. Need the CRE Insurance Guy? More great stories & information at: Youtube – Blog – Podcast If you enjoyed this episode, then you'll love these ones: Flipping Resorts, With Josh McCallen 112: Quadrant Of Risk 130: How To Find Undervalued Markets, With Stefan Tsvetkov  

 Commercial Real Estate Risk Management is a crucial process for any investor, owner, and/ or operator of commercial real estate properties. It involves identifying potential risks associated with owning, operating, or investing in these properties, such as natural disasters, economic downturns, tenant defaults, and other issues. Risk mitigation measures are then implemented in order to reduce or transfer these risks, thereby enhancing the security of investments and protecting against financial loss. By taking these proactive steps, investors can greatly improve the success of their investments and maximize their returns.  Jeremy Goodrich is a commercial real estate risk advisor who's been teaching investors how to purchase and protect properties since 2013.  He's the owner of Shine Insurance and the host of the Managing Commercial Real Estate Risk podcast.  In this Episode, Vinki & Jeremy chat about⁠ -Real state insurance- Risk and Risk Appetite- Relationship Risk-Underwriting- What to expect- Claim Settlement Contact Jeremy:  jeremy@shineinsurance.com  If you've liked this episode, please leave us feedback through a five-star rating and comments below! Also be sure to like, share, and subscribe!The Real Estate Vibe Show!Follow us @https://twitter.com/loombainvesthttps://www.instagram.com/loombainvestmenthttps://www.facebook.com/Loombainvesthttps://www.linkedin.com/in/vinkiloomba#realestate #realstateinvesting #multifamilyinvesting #passiveinvesting 

Welcome to the Managing CRE Risk podcast with Jeremy Goodrich. You're in for a treat today as we have a remarkable guest, John Ballenger, joining us. John is not just a CRE developer but also a former Marine Corps member who served as one of the select seven individuals responsible for flying Presidents around the country. In this episode, John shares his insights on his 20-year journey in the Marine Corps and the concept of "brilliance in the basics" that he's applied in his real estate career. He also dives into the secrets of building a high-performing real estate team that can make all the difference in your success. Learn more about John and his story at shineinsurance.com/managing-commercial-real-estate-risk! “How you do the small things will eventually compound and that's what will get you to the goals that you set down the road.”   02:18 John's journey began two decades ago when he joined the Marine Corps. Over the course of his career, he rose through the ranks to become one of just seven elite individuals entrusted with the monumental responsibility of flying Presidents.   John's outstanding success can be attributed to his commitment to a powerful concept called "brilliance in the basics." It's a theory that by doing something down to the smallest action you get good at it.   Following his retirement from the Marine Corps, John pivoted to the real estate industry and established himself as a CRE developer and coach. His team operates in multiple states, including Colorado, Oklahoma, and Pennsylvania. “I had been around highly effective teams long enough to know that it's better to form a team of individuals that are proficient in a few things, then find people that are okay at a lot of things.”   09:33 John shares insights on managing risk from his military and real estate experience, emphasizing the importance of mitigating risk to an acceptable level. He advises focusing on the small things that can be controlled and ensuring they are done well to make risk manageable.   Around 5 years ago, John became a passive investor in syndications and recognized the value of collaborative teamwork towards achieving ambitious goals. Inspired, he partnered with an investor in Pennsylvania and learned real estate development. “One thing I learned in marine aviation is the OODA loopthe idea of constantly adapting and modifying your actions based on how others respond or the situation unfolds, and reengaging with a different strategy.”   22:25 John shares his best piece of advice on how to find the right individuals to do syndications with. Remember that even highly efficient and successful individuals are still people. Be humble and willing to help and ask questions. Trust is a crucial factor, so prioritize reliability when selecting business partners. Don't hesitate to follow up with potential partners, but do so thoughtfully to engage them effectively. About our guest, John Ballenger John Ballenger was born and raised in Tulsa, Oklahoma where he later attended and graduated from Oral Roberts University in 2002 with a B.S. Degree in Marketing and minor in Management. After graduation, he departed for Officers Candidate School in Quantico, Virginia where he was commissioned as an officer in the United States Marine Corps before starting a successful 20-year career as a Naval Aviator. Over his career, he was deployed on four different occasions to locations including Eastern Africa, the Pacific, Iraq, and Afghanistan. John finished his career back in the Washington D.C. area where he had the privilege of flying Marine One over the last 5 years for both the Trump and Biden Presidential administrations.    John has recently retired from the Marine Corps and relocated to Colorado Springs, CO with his two boys Lincoln and Hudson, and the love of his life Riann. Transitioning from the military, John started success consulting focusing on “Brilliance in the Basics” which leverages his experience from his time in the military, multiple combat deployments, and the loss of his daughter Brooklyn. John is a partner in the commercial real estate development company Aspire Development Group which focuses on the Oklahoma and Colorado markets. Mentioned in the show: https://aspiredevgroup.com His LinkedIn Shineinsurance.com www.shineinsurance.com/managing-commercial-real-estate-risk Jeremy's LinkedIn Need an instant insurance ballpark for your next Multifamily deal?! Answer 9 simple questions and we'll give you a sense of what insurance should be. Visit us here for everything you need to know: https://www.shineinsurance.com/ballpark/    Special thanks to John Ballenger for taking the time to share so many great insights with us   If you enjoyed this podcast, there's a couple of things we need you to do right now:  ·   SUBSCRIBE to Managing Commercial Real Estate Risk on Apple Podcast, Spotify, or wherever you listen to podcasts  ·   While you there, please RATE & REVIEW the show  ·   SHARE with friends ·   Finally, please, JOIN the Managing Commercial Real Estate Risk Facebook Group Then, please share the show with whoever you think it will inspire. Until the next time, We truly appreciate you listening. Need the CRE Insurance Guy? More great stories & information at: Youtube – Blog – Podcast If you enjoyed this episode, then you'll love these ones: Flipping Resorts, With Josh McCallen 112: Quadrant Of Risk 130: How To Find Undervalued Markets, With Stefan Tsvetkov

Welcome to the Managing CRE Risk podcast with Jeremy Goodrich. Today, we have a special guest, Mitch Provosty, an industry veteran with over two decades of experience as an investor, developer, advisor, and general contractor. In this insightful conversation, Mitch shares his wealth of knowledge on how to effectively manage insurance risk, make smart decisions in your acquisitions, and offers his market outlook for 2023. This is an episode you won't want to miss! Learn more about Mitch and his story at shineinsurance.com/managing-commercial-real-estate-risk! “I'd rather be lucky than good.”   01:57 At the beginning of the episode, Mitch shares the most pressing risks in the industry. He talks about the risk of the deal and insurance risk - two of the biggest areas to keep an eye on. To mitigate insurance risk, Mitch shares 3 key tips: Make sure you fully understand your insurance policy. Be cautious of any potential code issues. Surround yourself with knowledgeable insurance advisors.   Later on, Mitch also shares his expert advice for acquisition managers when it comes to underwriting.  Get to know your market - don't make the mistake of entering a bad market. Aim for a market with a diverse base - look for areas with strong education, healthcare, government, and manufacturing sectors. “My gut tells me that interest rates are going to peak here in the next three to six months.”   21:04 At the end of the conversation, Mitch shares his insights on the real estate market in 2023.  Cap rates in multifamily haven't caught up yet due to high interest rates In light of this, he recommends diversifying your investments and exploring other asset classes such as hotels or schools. The cost of buying start to get up there with the cost of building, making ground-up development a potentially lucrative opportunity. Interest rates might start to go down in 3 to 6 months, however, a recession may be on the horizon. It's important to be cautious with our investments. About our guest, Mitch Provosty Mr. Provosty has over twenty years of experience in the commercial real estate industry as an investor, developer, advisor, and general contractor. Mr. Provosty has ten years of experience in the residential and commercial construction industry in Florida and he is the founder of Antebellum Construction in the Florida panhandle. Antebellum is licensed to build residential and commercial construction projects throughout the State of Florida. Noteworthy projects in which Mr. Provosty brought his talents include the acquisition and re-development of the Beachside Resort in Panama City Beach, FL, 13 flagged hotels in the Texas oil play including two ground-up development projects, Lotus Village Apartments in Austin, TX, ground-up development projects in Gallatin, TN, Amesbury Plaza Apartments in Dallas, TX, The Brook Hollow Apartments in Desoto, TX, Hotel Palomar in Dallas, TX and The Residences at Hotel Palomar in Dallas, TX.    Mr. Provosty has been directly involved in the acquisition, re-development, and disposition of over $250MM worth of commercial real estate projects over the last several years.  Mr. Provosty is also the founding partner of Ravenswood Holdings LLC. Mr. Provosty is a principal in RREAF Holdings LLC, Realty America Group Strategic Opportunity Fund and Realty America Development.  Prior to his commercial real estate activities, Mr. Provosty worked as a project manager in manufacturing plants executing large industrial construction projects. Mentioned in the show: https://rreaf.com/ Shineinsurance.com www.shineinsurance.com/managing-commercial-real-estate-risk Jeremy's LinkedIn Need an instant insurance ballpark for your next Multifamily deal?! Answer 9 simple questions and we'll give you a sense of what insurance should be. Visit us here for everything you need to know: https://www.shineinsurance.com/ballpark/    Special thanks to Mitch Provosty for taking the time to share so many great insights with us   If you enjoyed this podcast, there's a couple of things we need you to do right now:    SUBSCRIBE to Managing Commercial Real Estate Risk on Apple Podcast, Spotify, or wherever you listen to podcasts    While you there, please RATE & REVIEW the show    SHARE with friends   Finally, please, JOIN the Managing Commercial Real Estate Risk Facebook Group Then, please share the show with whoever you think it will inspire. Until the next time, We truly appreciate you listening. Need the CRE Insurance Guy? More great stories & information at: Youtube – Blog – Podcast If you enjoyed this episode, then you'll love these ones: Flipping Resorts, With Josh McCallen 112: Quadrant Of Risk 130: How To Find Undervalued Markets, With Stefan Tsvetkov

The word of the week is Opportunity. Every success starts with an opportunity that one takes. However, every opportunity also has its risks. Risk management is an important part of real estate property management. A good risk management strategy is a critical part of business success. On the other hand, poor risk management can severely impact a business. Join Dwan as she interviews Jeremy Goodrich. He shares the importance of Risk Management in commercial real estate properties and a lot of actionable tips every entrepreneur must take note of. Listen up and learn more.   Episode 314 at a glance… Who Jeremy Goodrich is and What he Does The Importance of Property Risk Insurance 3 Steps to Managing Risks The Kinds of Clients Jeremy Works With Risk Management Strategy in a Business Plan Jeremy's Younger Years and his Entrepreneurial Mindset Two Forms of Income Everyone Should Have Three Es in Success in Any Business Some of Jeremy's Favorites   Until the next episode!     About the Guest: Jeremy Goodrich is a real estate insurance advisor at Shine Insurance Agency. He is also an investor. His entrepreneurial mindset has been in him since his younger years.  How to Connect with Jeremy Goodrich: Website: www.shineinsurance.com Podcast: Managing Commercial Real Estate Risks _________________________________________________________________   About the host: Dwan is America's most sought-after real estate investor and coach. She has been featured on more than 50 media outlets in interviews and featured articles. For the past 4 years, Dwan's Podcast has grown in popularity and is now in the top 1000 business podcasts Connect and know more about Dwan here: Website: https://dwanderful.com Instagram: @dwanderful Facebook: https://www.facebook.com/Dwanderful/

Welcome to the Managing CRE Risk podcast with Jeremy Goodrich. Joining us as our guest is Peter Culver, co-founder of Freedom Family Office and a wealth management expert. In this action-packed episode, you'll discover the top strategies for diversifying your portfolio, how to create a steady stream of passive income, and expert tips for navigating the market in 2023. Don't miss out on this opportunity to level up your investment game! Learn more about Peter and her story at shineinsurance.com/managing-commercial-real-estate-risk! “Concentrate, to grow, diversify, to protect.”   01:39 At the beginning of the episode, Peter delves into the key principles that help people succeed in their real estate investing journey. Focus on your ideal life. Start by figuring out what you want to achieve and then work backward from there. Take well-thought-out risks and focus on your risk management. Diversify your portfolio to protect your assets.  Planning your exit strategy from the beginning is crucial.   Peter recommends having a balance of 40% private investments and 60% public investments for diversification.  “Have a model, stick to a model, and be disciplined.”   12:57 Peter talks about the concept of predictable passive income. According to him, there are two ways to generate predictable passive income: real estate and private debt. He emphasizes the importance of having multiple streams of income, especially for those in technology-oriented businesses, as the industry is constantly evolving.   Towards the end of the conversation, Peter talks about some of the key things he's doing to manage the risk in 2023. Stick to your business model and be disciplined because there's too much money chasing too few deals right now. Focus on tertiary markets instead of major metropolitan areas. Invest in diverse funds to diversify your portfolio. About our guest, Peter Culver With over 25 years of experience in wealth management, Peter is responsible for building a custom wealth plan for each client.  He begins with a detailed review of their current asset allocation, fees and performance, which culminates in a tailored strategy that realizes their goals and values. With experience in estate planning and facilitating family meetings, his presence among our firm is appreciated by all who work with him.    After graduating from Yale University and the University of Connecticut School of Law, Peter practiced law in New York City and Connecticut for 12 years. His law practice led him into the wealth management field, where he represented trust companies and other financial institutions. He then served as Co-Founder and President of Sachem Trust, located in Greenwich, CT and later as President of State Street Bank and Trust Company of CT. For 14 years, he served as Senior Wealth Director at BNY Mellon in New York City.   Peter's passion is working directly with individuals and families to reach their personal and financial goals. He offers his clients deep experience in all facets of wealth management: financial and estate planning, investments and insurance, family dynamics and wealth transfer. To this technical expertise, he adds the ability to see the big picture and to integrate all the components into a cohesive plan. To both clients and other advisors, Peter is known as optimistic, an excellent listener and extremely responsive. Mentioned in the show: https://freedomfamilyoffice.com/ His LinkedIn Shineinsurance.com www.shineinsurance.com/managing-commercial-real-estate-risk Jeremy's LinkedIn Need an instant insurance ballpark for your next Multifamily deal?! Answer 9 simple questions and we'll give you a sense of what insurance should be. Visit us here for everything you need to know: https://www.shineinsurance.com/ballpark/    Special thanks to Peter Culver for taking the time to share so many great insights with us   If you enjoyed this podcast, there's a couple of things we need you to do right now:    SUBSCRIBE to Managing Commercial Real Estate Risk on Apple Podcast, Spotify, or wherever you listen to podcasts    While you there, please RATE & REVIEW the show    SHARE with friends   Finally, please, JOIN the Managing Commercial Real Estate Risk Facebook Group Then, please share the show with whoever you think it will inspire. Until the next time, We truly appreciate you listening. Need the CRE Insurance Guy? More great stories & information at: Youtube – Blog – Podcast If you enjoyed this episode, then you'll love these ones: Flipping Resorts, With Josh McCallen 112: Quadrant Of Risk 130: How To Find Undervalued Markets, With Stefan Tsvetkov

Jeremy Goodrich is a commercial real estate insurance advisor who's been teaching investors how to buy and protect properties since 2013. He's the owner of Shine Insurance, which aims to protect some of the top real estate investors in the country and the creator of The New Home Buyers Guide. Get in touch with Jeremy: Website: https://www.shineinsurance.com/home-auto-insurance-agent/ LinkedIn : https://www.linkedin.com/in/reiinsuranceguy/ Facebook: https://www.facebook.com/ShineInsuranceAgency/ YouTube: https://www.youtube.com/channel/UCGO-atb8JOo7usmRuVzG-BA Instagram: https://www.instagram.com/shineinsure/ For informational purposes only. Always consult with professionals. This is not meant to be used as legal or tax advice or otherwise. Any projections, opinions, assumptions, or estimates used are for example only. All information should be independently verified and is subject to errors and omissions. Check out some of our other videos and listings: PreReal Podcast https://www.youtube.com/watch?v=pTgZYyrkRyU&list=PLbyMUN39hTNWUFWH-tprcR0sTOwdqCfuk PreReal™, Prendamano Real Estate of staten island, NY is a real estate marketing firm that is focused on lead generation for all its properties for sale. More leads equals bigger pockets in the end for everyone. If you are house hunting and looking for a house for sale don't hesitate to give us a call (718)200-7799. If you think it is time to sell your house, we can get you top dollar for your property. Visit us at www.prereal.com Follow us on: Facebook: https://www.facebook.com/PrendamanoRealEstate Instagram: @prerealpodcast @prerealestate TikTok: @prerealestate Twitter: @prerealestate #RealEstate #Tips #PreReal

Welcome to the Managing CRE Risk podcast with Jeremy Goodrich. Our guest today is Dwan Bent-Twyford, real estate investment coach, mentor, and podcaster. In our conversation, we talk about how to buy and revitalize an entire town, grow our risk tolerance, and the valuable lessons she learned during her 33-year-long investing career. You don't want to miss out on this episode!  Learn more about Dwan and her story at shineinsurance.com/managing-commercial-real-estate-risk! “One thing I will say in the last five years is the value of the downtown has gone up over 40%, which I'm pretty excited about.”   01:43 Dwan is a seasoned investor with 33 years of experience. She got her start in the rehabbing business and has primarily focused on investing in single-family homes and duplexes throughout her career. Recently, however, she's shifted her focus to commercial properties.   Dwan's current project is located in Clinton, Iowa, a small town where her husband grew up. She's working to revitalize the area and currently owns 20 buildings, including a mix of retail, office, and industrial spaces. “As a real estate investor, you have to have a high-risk factor.”   07:53 Dwan talks about the challenges and risks of her project in Clinton, Iowa. She shares that her biggest obstacle was gaining support from the local community. Navigating the human aspect of the business proved to be the most difficult aspect of the project.   Dwan shares her vision for Clinton, which is to create a family-friendly town with plenty of options for dining, shopping, and entertainment. In order to achieve this, Dwan has purchased several of the largest buildings in downtown Clinton and has evicted tenants whose businesses did not align with her vision.   With a 5-year plan in place, Dwan aims to transform downtown Clinton into a shopping destination with a variety of boutiques, antique shops, and restaurants for visitors to enjoy. “You have to keep learning, going to classes, listening to podcasts, I go to other people's workshops.”   23:33 At the end of the episode, Dwan reflects on some of the biggest lessons she's learned throughout her career. She shares that she's learned how to make quick, well-informed decisions, even in the face of risk. Over time, her risk tolerance has increased, allowing her to take on more ambitious projects and have more fun with her investments. About our guest, Dwan Bent-Twyford  Dwan Bent-Twyford and her husband, Bill Twyford, are professional real estate investment coaches, mentors, and top podcasters. With over 2,000 real estate transactions under their belts, they have created a duplicatable system to help you find the same success.    Their goal is to educate you on everything related to real estate investing from short sale investments to real estate foreclosures to Subject-To's.   Their home study courses, proven methods, internet training program, and live classes not only teach you how to become a multimillionaire real estate investor... they also hold you accountable for your progression along the way.   Specialties: Teaching seminars to my many students and helping homeowners get out of underwater situations! Mentioned in the show: https://dwanderful.com/ Her LinkedIn Shineinsurance.com www.shineinsurance.com/managing-commercial-real-estate-risk Jeremy's LinkedIn Need an instant insurance ballpark for your next Multifamily deal?! Answer 9 simple questions and we'll give you a sense of what insurance should be. Visit us here for everything you need to know: https://www.shineinsurance.com/ballpark/    Special thanks to Dwan Bent-Twyford for taking the time to share so many great insights with us   If you enjoyed this podcast, there's a couple of things we need you to do right now:    SUBSCRIBE to Managing Commercial Real Estate Risk on Apple Podcast, Spotify, or wherever you listen to podcasts    While you there, please RATE & REVIEW the show    SHARE with friends   Finally, please, JOIN the Managing Commercial Real Estate Risk Facebook Group Then, please share the show with whoever you think it will inspire. Until the next time, We truly appreciate you listening. Need the CRE Insurance Guy? More great stories & information at: Youtube – Blog – Podcast If you enjoyed this episode, then you'll love these ones: Flipping Resorts, With Josh McCallen 112: Quadrant Of Risk 130: How To Find Undervalued Markets, With Stefan Tsvetkov

Welcome to the Managing CRE Risk podcast with Jeremy Goodrich. Our guest today is the Land Geek, Mark Podolsky, author, and podcast host. Mark picked up more than 6000 raw pieces of land during his 20 years in the business, and he shares with us his simple process step-by-step. We learn about how to start in this asset class and how to mitigate the risk of land investing. Learn more about Mark and his story at shineinsurance.com/managing-commercial-real-estate-risk! “This model is so simple that if the podcast listeners are driving they might fall asleep.”   03:38 Mark is the owner of Frontier Properties, a land investment company. He's been in the business for over 20 years now.    Mark has a simple process for how he picks up raw land and he shares it step-by-step. He picks up raw land from owners who are in a distressed scenario. He takes the land off of their hand, solving their problem.  He then tries to sell the land to the neighbors at a discounted price. This creates a passive income for him for years.   Mark's advice on how to start a land business.  Know where other land investors are buying land.  Figure out your budget and pick your market. Start mailing out offers to property owners. A good place to create a list is datatree.com. Create a pricing matrix. Automate your processes. “At some point, too little money in this niche is a problem. But too much money in this niche is also a problem.”   25:10 Mark talks about how land investment can be a good passive income stream. It's a very accessible asset class and can add passive income to any size of real estate portfolio.   Mark's purpose in life is to solve people's money and time problems and help with self-actualization. That's what motivates him every day About our guest, Mark Podolsky Mark is the owner of Frontier Properties, a land investment company. Mark (AKA The Land Geek) is widely considered the Country's most trusted and foremost authority on buying and selling raw, undeveloped land within the United States.   Since 2001 Mark has completed over 6,000 raw land deals with an average return on investment of over 300% on cash purchases and over 1000% on land deals that he financed.   Mark is the host of one of the top-rated podcasts in the Investing Category on iTunes aptly titled The Art of Passive Income Model. Mentioned in the show: www.thelandgeek.com https://www.thelandgeek.com/wholetailing/ His LinkedIn Shineinsurance.com www.shineinsurance.com/managing-commercial-real-estate-risk Jeremy's LinkedIn Need an instant insurance ballpark for your next Multifamily deal?! Answer 9 simple questions and we'll give you a sense of what insurance should be. Visit us here for everything you need to know: https://www.shineinsurance.com/ballpark/    Special thanks to Mark Podolsky for taking the time to share so many great insights with us   If you enjoyed this podcast, there's a couple of things we need you to do right now:    SUBSCRIBE to Managing Commercial Real Estate Risk on Apple Podcast, Spotify, or wherever you listen to podcasts    While you there, please RATE & REVIEW the show    SHARE with friends   Finally, please, JOIN the Managing Commercial Real Estate Risk Facebook Group Then, please share the show with whoever you think it will inspire. Until the next time, We truly appreciate you listening. Need the CRE Insurance Guy? More great stories & information at: Youtube – Blog – Podcast If you enjoyed this episode, then you'll love these ones: How To Market Your Deal, With John Casmon 112: Quadrant Of Risk 130: How To Find Undervalued Markets, With Stefan Tsvetkov

Jeremy Goodrich owns Shine Insurance Agency with his wife, McKenzie. He's a teacher at heart and he simplifies insurance by giving step-by-step guidance along the way. Most days Jeremy can be found helping real estate investors by providing ballpark estimates, reviewing their policies, and making insurance work for their bottom line.  He's also the host of a multifamily real estate podcast, and the host of Youtube's #1 most watched independent insurance agency channel.   We talked to Jeremy about risk, lender requirements, commercial real estate insurance premiums, and how to make sure you are protected. Groundbreaker: Click here to learn how to raise more money and speed up the syndication process by 80%! [00:01 – 03:33] Opening Segment  Jeremy talks about his background; His theme of teaching throughout his career; How he got into the commercial space; [03:33 – 20:41] Commercial Real Estate Insurance 101 How to identify and manage risk; Lender requirements; Understanding risk; The things that are affecting the insurance premium; What to look for in an insurance premium; Jeremy talks about some of the red flags in insurance; [20:41 – 30:33] Identify, Understand and Manage Risk How to make sure you're properly protected in your policy; What happens if your insurance company collapses; Higher risk scenarios and what to do; 4 quadrants of risk; A special offer for listeners; Jeremy talks about his podcast “Managing Commercial Real Estate Risk” Announcement: Download Our Sample Deal and Join Our Mailing List [30:33 – 35:00] Round of Insights Apparent Failure: Lack of willingness to reach out to people on marketing. Most Recommended Book: Youtility Digital Resource: Trello Daily Habit: Walking and listening to podcasts  #1 Insight for Managing Risk: Identify the risk.  Best Place to Grab a Bloomington, Indiana: The Uptown Cafe Contact Jeremy: To download Jeremy's ballpark tool click here.  Click here to listen to Jerem'y show “Managing Commercial Real Estate Risk”.   Tweetable Quotes: “When things tighten, everybody starts to look at risk in a slightly different scenario.'" - Jeremy Goodrich   Thank you for joining us for another great episode! If you're enjoying the show, please LEAVE A RATING OR REVIEW,  and be sure to hit that subscribe button so you do not miss an episode.

Need more help? Visit www.chriscostantini.com Send me an email for consulting info: chris@adelfiainsurance.com Follow me on Instagram for more behind the scenes! @christheinsuranceguy @adelfiainsurance

Welcome to the Managing CRE Risk podcast with Jeremy Goodrich. On the show today we are talking about debt and all the risks associated with it. Our guest is Edward Brown, a capital-raising expert and podcast host. We learn about financing, how private lending works, and the best ways to choose a lender. Learn more about Edward and his story at shineinsurance.com/managing-commercial-real-estate-risk! “Even though our documents do have a one-year hold, there's no penalty for early withdrawal as long as you just give us 30 days' notice.”   03:44 Edward is working at Pacific Private Lending as a capital raiser. Investors are investing in his funds that are building up the capital and Edward's company lending it out by mostly doing residential bridge lending. He assists with 4 different debt funds.    The upside of his funds as opposed to traditional CRE investments is that the risk is very low. The investor's principal is secured as the investor is the first person in the debt stack. “A few years ago, when interest rates were still fairly low, there was so much money abounding, people keep undercutting each other. This doesn't happen anymore.”   14:38 Edward shares his top 3 things to look out for when choosing a lender Check out their portfolio and how long they've been in business. Get some referrals. Make sure to ask about the structure of the fund draw and if the funds will be available at closing.   Edward reflects on the current market. Because the interest rates have gone up the refi market has dried up considerably. This has made even better opportunities to Edward's company. “It's better to give bad news in your tax returns with an explanation than it is to have to come back afterward and say, Well, I didn't know you're gonna catch that.”   28:09 Edward talks about why investors choose their lending instead of agency debt. They are faster. They don't require that much qualification. They don't perform that many background checks.   Edward explains what investors can do to make a perfect file. Make sure that all the forms, most importantly the 1003, are filled out as accurately as possible. When you send your tax returns, if there's anything out of the ordinary, send a letter of explanation. Know your tax return and your financials well. About our guest, Edward Brown For over 20 years Edward Brown was CEO of a $40 million alternative lending company based in Marin County. Today he assists Pacific Private Money with capital raising and investor presentations. Edward is also the host of two radio shows —The Best of Investing with Mark Hanf and Sports Econ 101, a national sports and business show. Edward earned his B.S. in Accounting and M.S in Taxation from Golden Gate University, and has held licenses and certifications including Real Estate Salesperson, Insurance License, Series 7 Securities License, Tax Preparation License, and Certified Fund Specialist. Mentioned in the show: https://www.pacificprivatemoney.com/ His LinkedIn Shineinsurance.com www.shineinsurance.com/managing-commercial-real-estate-risk Jeremy's LinkedIn Need an instant insurance ballpark for your next Multifamily deal?! Answer 9 simple questions and we'll give you a sense of what insurance should be. Visit us here for everything you need to know: https://www.shineinsurance.com/ballpark/    Special thanks to Edward Brown for taking the time to share so many great insights with us   If you enjoyed this podcast, there's a couple of things we need you to do right now:    SUBSCRIBE to Managing Commercial Real Estate Risk on Apple Podcast, Spotify, or wherever you listen to podcasts    While you there, please RATE & REVIEW the show    SHARE with friends   Finally, please, JOIN the Managing Commercial Real Estate Risk Facebook Group Then, please share the show with whoever you think it will inspire. Until the next time, We truly appreciate you listening. Need the CRE Insurance Guy? More great stories & information at: Youtube – Blog – Podcast If you enjoyed this episode, then you'll love these ones: How To Market Your Deal, With John Casmon 112: Quadrant Of Risk From Broke To Millions, With Mike Ealy

Welcome to the Managing CRE Risk podcast with Jeremy Goodrich. Today we have a behemoth in the world of commercial real estate, Mike Ealy. Mike has over 23 years of experience in single-family, multifamily, and hotels and he shares with us how he mitigates risk in his businesses. We talk about the best markets in the country, how to get into the hotel industry, and how he made a 5M dollar profit on a deal during COVID. Join us and get inspired. Learn more about Mike and his story at shineinsurance.com/managing-commercial-real-estate-risk! “When you first start investing, you want to see the property and touch it. But as you get bigger and you start scaling, your team is everything.”   04:37 Mike has over 300 apartment units and 5000 keys in hotels all over the country. His main focus is the Midwest but he recently started to invest in the South East as well. Investing in the Southeast is riskier but the rewards are higher. Mike says that building a strong team enabled him to be able to invest in different states in the country.    Mike explains that the downside of a market where the margins are greater is you get hit harder when the market corrects itself. These markets are also not cash-flowing during the hold period, however, they appreciate a lot every year. “I'm looking for deals that could potentially do a 3x multiple.”   13:14 Mike talks about a successful deal he picked up in 2020, mid-COVID. It was a 128-door deal in Cincinnati and he made 5M dollar profit on it. His biggest takeaway was to be consistent and persistent.   Mike shares some of the biggest mistakes he sees people make going into a deal. Being too dependent on a low interest rate. Don't buy a property just because the debt is cheap, but because it's a great deal. Not having enough reserves and CAPEX. Put at least 3.5-4% of your gross revenue away monthly. Don't be paralyzed by the recession. “I know multiple people that own hotels, and literally took home 2-3 million cash in revenue from it.”   30:34 Mike invests in hotels as well. They make more cash, depreciate harder, and have better tax benefits.   It's difficult to get into the hotel business, but it's possible with a great team with credible and experienced team members. About our guest, Michael Ealy is principal and owner of a private equity fund investing in apartments and hotels. Me and my partners have acquired 3,000 apartment units since 1999. In addition, our hotel partner-operator has 5,000 hotel keys or $1.5 BILLION worth of hotels under management. Mentioned in the show: https://nassauinvests.com Michael Ealy - From Broke to Millions His LinkedIn Shineinsurance.com www.shineinsurance.com/managing-commercial-real-estate-risk Jeremy's LinkedIn Need an instant insurance ballpark for your next Multifamily deal?! Answer 9 simple questions and we'll give you a sense of what insurance should be. Visit us here for everything you need to know: https://www.shineinsurance.com/ballpark/    Special thanks to Mike Ealy for taking the time to share so many great insights with us   If you enjoyed this podcast, there's a couple of things we need you to do right now:    SUBSCRIBE to Managing Commercial Real Estate Risk on Apple Podcast, Spotify, or wherever you listen to podcasts    While you there, please RATE & REVIEW the show    SHARE with friends   Finally, please, JOIN the Managing Commercial Real Estate Risk Facebook Group Then, please share the show with whoever you think it will inspire. Until the next time, We truly appreciate you listening. Need the CRE Insurance Guy? More great stories & information at: Youtube – Blog – Podcast If you enjoyed this episode, then you'll love these ones: How To Market Your Deal, With John Casmon 112: Quadrant Of Risk 130: How To Find Undervalued Markets, With Stefan Tsvetkov

Do you want to learn how to manage risk and get a clear strategy for commercial real estate investment? In this episode, we are joined by the Founder and CEO of Shine Insurance, Jeremy Goodrich, who has been on the journey of helping commercial real estate investors,  will discuss the 3 most expensive mistakes commercial real estate investors make and how to avoid them.

Welcome to the Managing CRE Risk podcast with Jeremy Goodrich. Our guest today is Drew Dolan, a real estate investor with over 20 years of experience in self-storage. In our conversation, we talk about how to limit your risk in development projects, the best ways to get into self-storage, and the future of this asset class. Drew also shares his best practices that will make you a better CRE investor! Don't miss out on this episode! Learn more about Drew and his story at shineinsurance.com/managing-commercial-real-estate-risk! “Although you might make mistakes, when you keep showing up, you're going to learn something.”   04:10 Drew studied engineering and started working in sales when he was 23 years old. In 5 years, he met a lot of developers and realized that that's what he wanted to do.   Although it took him a long time to learn the industry and build relationships, after 20 years he now has a very extensive network in Albuquerque, New Mexico. “If you always protect your downside, the upside takes care of itself.“   10:21 Drew shares his best piece of advice on how to limit risk in development projects. Create sections of the work that you're doing and focus on one section at a time. Have a solid strategy that you stick to but constantly reassess. Have someone on your team who looks at deals from a different perspective and plays devil's advocate.    Drew talks about the ways to get into self-storage.  You can buy a value add. In the last few years, the performance of self-storage went up significantly so the value add prices are very high and the returns are low.  You can build self-storage units. Self-storage has one of the lowest cost of capital development but you really have to understand the market.   In the future, one of the biggest opportunities in self-storage is the influx of people investing in real estate. The biggest risk is that the market is changing very fast and money isn't cheap anymore. About our guest, Drew Dolan Over his 20-year career in development and construction, Drew has focused on structuring real estate investments, joint ventures, and capital management. Previously he was President of Titan Development where he managed Titan's self-storage and multifamily divisions. In 2017, Drew helped launched Titan Development Real Estate Fund I a $112 million fully-discretionary fund focused on ground-up development. He served as Co-Fund Manager until 2019 when he became Fund Manager. Drew is currently a member of YPO, active on his ULI Council, and was formerly on NAIOP's national board. He holds a BS in Industrial Engineering from Arizona State University.  Mentioned in the show: https://dxd.capital/ His LinkedIn Shineinsurance.com www.shineinsurance.com/managing-commercial-real-estate-risk Jeremy's LinkedIn Need an instant insurance ballpark for your next Multifamily deal?! Answer 9 simple questions and we'll give you a sense of what insurance should be. Visit us here for everything you need to know: https://www.shineinsurance.com/ballpark/    Special thanks to Drew Dolan for taking the time to share so many great insights with us   If you enjoyed this podcast, there's a couple of things we need you to do right now:    SUBSCRIBE to Managing Commercial Real Estate Risk on Apple Podcast, Spotify, or wherever you listen to podcasts    While you there, please RATE & REVIEW the show    SHARE with friends   Finally, please, JOIN the Managing Commercial Real Estate Risk Facebook Group Then, please share the show with whoever you think it will inspire. Until the next time, We truly appreciate you listening. Need the CRE Insurance Guy? More great stories & information at: Youtube – Blog – Podcast If you enjoyed this episode, then you'll love these ones: How To Market Your Deal, With John Casmon 112: Quadrant Of Risk 130: How To Find Undervalued Markets, With Stefan Tsvetkov

Welcome to the Managing CRE Risk podcast with Jeremy Goodrich. Our guest today is Jon Darbyshire, the CEO and co-founder of SmartSuite. In this conversation, we talk specifically about one of our 4 quadrants - systems risk. We learn about how to elevate our processes by using simple and accessible technology and the key systems every CRE business should have. Learn more about Jon and his story at shineinsurance.com/managing-commercial-real-estate-risk! “In commercial real estate, people continue to run their business using older technology when newer platforms are available that are just as financially viable for them.”   03:46 Jon is the CEO of SmartSuite. SmartSuite is a work management platform that allows organizations to manage any business process inside of their organization. It is a no-code platform, which means that it doesn't require any coding or knowledge of programming languages. Users can use different managing templates and customize them to their needs.   According to Jon, the biggest mistake people make in their real estate systems is using old technology to manage their business. Sometimes, even billion-dollar companies manage their portfolios on spreadsheets without any systems. When businesses switch to up-to-date technology, the people involved in the processes can collaborate better and tasks can be allocated easier. “We help organizations manage any process or any project on a single platform.”   16:08 SmartSuite helps manage many different processes. Due diligenceThere are a lot of standard due diligence questionnaires in SmartSuite that can be assigned to different people with due dates. Different properties can also be compared. Asset managementYou can do monthly, quarterly, or semi-annual reviews of your properties from a health perspective, an occupancy perspective, and a financial perspective. You can track maintenance activities as well. Exit strategyThere are a few ways an investor can prepare for an exit with SmartSuite. The first is tracking market economics in that particular geography. The second way is to look at the cash flow. At the end of the conversation, Jon shares the most important system features that a CRE investor should consider: You want to have a product that's accessible through the web and mobile. The systems have to be cost-effective. (SmartSuite starts at $10 per user per month.) You want to have integrations because you need to get data into the system. Ability to automate routine tasks in order to save time. About our guest, Jon Darbyshire Jon is CEO & Co-Founder of SmartSuite, a work management platform allowing realtors, property managers, and CRE companies to improve their operations, tenant relations, bids, and remodels. With Jon's experience at EY and dozens of Fortune 100 companies, he has enhanced the productivity of people and teams by aligning their work around common goals.   Throughout his career, Jon has been dedicated to automating everyday, essential business tasks to create smarter, more efficient organizations, no matter what the industry. Prior to Archer Technologies, Jon held leadership positions at both EY and Price Waterhouse, honing his skills in understanding the need to automate and simplify work for the enterprise. Mentioned in the show: www.smartsuite.com His LinkedIn Shineinsurance.com www.shineinsurance.com/managing-commercial-real-estate-risk Jeremy's LinkedIn Need an instant insurance ballpark for your next Multifamily deal?! Answer 9 simple questions and we'll give you a sense of what insurance should be. Visit us here for everything you need to know: https://www.shineinsurance.com/ballpark/    Special thanks to Jon Darbyshire for taking the time to share so many great insights with us   If you enjoyed this podcast, there's a couple of things we need you to do right now:    SUBSCRIBE to Managing Commercial Real Estate Risk on Apple Podcast, Spotify, or wherever you listen to podcasts    While you there, please RATE & REVIEW the show    SHARE with friends   Finally, please, JOIN the Managing Commercial Real Estate Risk Facebook Group Then, please share the show with whoever you think it will inspire. Until the next time, We truly appreciate you listening. Need the CRE Insurance Guy? More great stories & information at: Youtube – Blog – Podcast If you enjoyed this episode, then you'll love these ones: How To Market Your Deal, With John Casmon 112: Quadrant Of Risk 130: How To Find Undervalued Markets, With Stefan Tsvetkov

Welcome to the Managing CRE Risk podcast with Jeremy Goodrich. Today, we have a veteran CRE investor with us who has more than 25 years of experience, Ken Gee. In our conversation, Ken breaks down risk in different parts of the lifecycle of a commercial real estate deal. He lays out how to succeed in the CRE world and mitigate the risks through due diligence, raising capital, and asset management. You don't want to miss out on this episode! Learn more about Ken and his story at shineinsurance.com/managing-commercial-real-estate-risk! “I've always told our investors, it's my job to try to protect the downside and make sure we have a good upside plan in place.”   04:52 Ken has around 2000 doors in his portfolio and he's been investing in commercial real estate for more than 25 years. He describes himself as a risk-averse person. According to him, one of the hardest aspects of real estate investing is bringing yourself to the awareness of the risks that you want to mitigate.    Ken's advice on how to successfully identify and mitigate risk: Educate yourself on the industry, market, and property. Focus on your operation and constantly evaluate your business plan. Have a solid insurance policy. Identifying risk comes easier with experience, so don't give up. “There's going to be things wrong everywhere. It's just a fact of life. What our job is, is to identify risks that matter.”   12:40 Ken talks about how to manage the risks surrounding the lifecycle of the property. Due diligenceLook at the physical property and see if there are hidden things there that are difficult to correct or significantly impact your business plan. Ken's advice is to find a mentor at the beginning of your investing journey to help you build out your due diligence process. Document the entire procedure. Raising capitalIt's important for passive investors to understand what it means to be invested in a multifamily real estate deal. Ask all the uncomfortable questions from the sponsor to evaluate if they're professional and knowledgeable enough. Figure out if they're transparent and have a good track record. Asset managementGive yourself 30-60 days to learn everything about the property before you start the renovation. Based on this information, modify your business plan.   Ken shares his insight on CRE risks in the near future. Interest rates have doubled in the last year and we might go into a recession. In the real estate industry, the most important thing is occupancy, so make sure you're buying in a growth market and keep your occupancy high. About our guest, Ken Gee Mr. Gee is the founder and managing partner of KRI Partners and the KRI group of companies. He has more than 24 years of significant real estate, banking, private equity transaction and principal investing experience. Throughout his career, he has been involved in transactions valued in excess of $2.0 billion, much of which has included the acquisition, management and financing of various multi-family real estate projects as well as playing a significant role as a member of due diligence and transaction structure planning teams for several private equity firms specializing in the small and middle markets.   Prior to forming KRI Partners, Mr. Gee was a tax manager with Deloitte & Touche LLP where he focused his practice on state and local tax planning, merger and acquisition due diligence and transaction structure planning for private equity and middle market companies. Some of his major clients included The Riverside Company, Key Equity Capital Partners, Blue Point Capital, Linsalata Capital Partners, The Zaremba Group, Charter One Bank and Applied Industrial Technologies, Inc.   Prior to his career at Deloitte & Touche, Mr. Gee spent several years at National City Bank (now part of PNC Bank) where he served as commercial loan officer, credit analyst, branch manager, and mortgage loan originator during his career with the bank.   Unrelated to his real estate experience, Mr. Gee also owned and operated several certified Cessna Pilot Centers in the Northeast Ohio area. These Cessna Pilot Centers operated an FAA approved professional pilot school and specialized in the sale of new and pre-owned aircraft.   Mr. Gee is a licensed Ohio Certified Public Accountant. He received his master's degree from Case Western Reserve University's Weatherhead School of Management and his B.B.A. from the University of Toledo. He is a member of the National Apartment Association, Florida Apartment Association, Bay Area Apartment Association, Apartment Association of Greater Orlando, First Cost Apartment Association, Northeast Ohio Apartment Association, Ohio Society of Certified Public Accountants and American Institute of Certified Public Accountants. Mentioned in the show: www.kripartners.com www.kripartners.com/ebook/ His LinkedIn Shineinsurance.com www.shineinsurance.com/managing-commercial-real-estate-risk Jeremy's LinkedIn Need an instant insurance ballpark for your next Multifamily deal?! Answer 9 simple questions and we'll give you a sense of what insurance should be. Visit us here for everything you need to know: https://www.shineinsurance.com/ballpark/    Special thanks to Ken Gee for taking the time to share so many great insights with us   If you enjoyed this podcast, there's a couple of things we need you to do right now:    SUBSCRIBE to Managing Commercial Real Estate Risk on Apple Podcast, Spotify, or wherever you listen to podcasts    While you there, please RATE & REVIEW the show    SHARE with friends   Finally, please, JOIN the Managing Commercial Real Estate Risk Facebook Group Then, please share the show with whoever you think it will inspire. Until the next time, We truly appreciate you listening. Need the CRE Insurance Guy? More great stories & information at: Youtube – Blog – Podcast If you enjoyed this episode, then you'll love these ones: How To Market Your Deal, With John Casmon 112: Quadrant Of Risk 130: How To Find Undervalued Markets, With Stefan Tsvetkov

About : Jeremy owns Shine Insurance Agency with McKenzie. He's a teacher at heart and he simplifies insurance by giving step by step guidance along the way.Before Shine, he was an elementary school teacher, helping countless kids fall in love with art, math, science, and writing. Former students remember learning to play hockey in gym class, opening epic businesses in a virtual world called The Businesses Project, and learning to use a sewing machine.After 13 years of teaching, he decided it was time to change the way people feel about insurance. Jeremy carried the heart of an educator over and he's been making insurance simple for first time home buyers and real estate investors even since. Most days Jeremy can be found helping real estate investors by shooting them ball parks, reviewing their policies, and making insurance work for their bottom line. He's also the host of a multifamily real estate podcast, and the host of Youtube's #1 most watched independent insurance agency channel. Links From The Podcasthttps://www.shineinsurance.com/managing-commercial-real-estate-risk/https://www.linkedin.com/in/reiinsuranceguy/https://www.facebook.com/groups/291466905179580https://www.shineinsurance.com/https://www.peer2peerrealestate.com/@Willliamp2pre (twitter)facebook.com/peer2peerrealestatehttps://www.linkedin.com/in/williemorales/Book(s)Recommendedsyndication Hunter Thompson Youtility Jay Baer Talk triggers Jay BaerHug your haters Jay BaerThank you Jeremy for being on the podcast.What did you think about today's subject?Please go to apple podcasts look for us at peer 2 peer real estate podcast, please subscribe and leave a review.Don't give up on your dreams, fight for it and guard it.Keep the momentum going, Good things will happen.Thanks for listening and be safe Hosted on Acast. See acast.com/privacy for more information.

Jeremy is a commercial real estate insurance advisor who's been teaching investors how to buy and protect properties since 2013. He's the owner of Shine Insurance, which aims to protect some of the top real estate investors in the country and the creator of The New Home Buyers Guide. As the host of the most watched insurance agency channel on Youtube, Jeremy shares stories & answers questions in a way that actually makes sense and is interesting. His appearance on your show will offer your listeners a cornerstone episode that makes smart insurance simple. *DISCLAIMER - We are not giving any financial advice. Please DYOR* (00:00 - 03:26) Opening Segment - Jeremy is being introduced as the guest Host - Jeremy shares something interesting about himself (03:26 - 34:48) Demystify Commercial Real Estate Insurance - Jeremy shares how he gets started with insurance - He also shares if he also invests in real estate - Jeremy shares what the number 1 insurance mistake made by property investors - Jeremy also talks Why is a quality service team so important and how to build one - He also shares What is the craziest claim and how did it play out - And Jeremy shares Why 80% of real estate investors aren't properly protected and how to fix that (35:04 - 38:57) Fire Round - Jeremy shares his investment strategy - He also shares his favorite Finance, real estate book, or any related book - He shares about the website and tools that he can recommend - Jeremy's advice to beginner investors -Also he shares how he gives back (35:57 - 40:06) Closing Segment -If you want to learn more about the discussion, you can watch the podcast on Wealth Matter's YouTube channel and you can reach out to Alpesh using this link. Check us out at: Facebook: @wealthmatrs IG: @wealthmatrs.ig Tiktok: @wealthmatrs

Welcome to the Managing CRE Risk podcast with Jeremy Goodrich. Our guest today is Vadim Rey, a multifamily real estate investor and former US Navy Officer. In our conversation, we dig into a fascinating topic - how the military mitigates and manages risk, and what can we learn from their systems and strategies for our investing journey. You'll hear some ideas on how to set up your operating systems better in your business, make sure that you have a strong purpose behind what you're doing, and positively impact the people around you. Learn more about Vadim and his story at shineinsurance.com/managing-commercial-real-estate-risk! “I joined the duty to really help others and create a positive impact on the world.”   04:05 Vadim joined the US Navy in 2005, right after college. He was an officer for 7 years and just got out of the Navy this year. He joined the military because he wanted to make a positive impact on the world and do something that was not the traditional 9 to 5 corporate job. However, over the years he realized that the military had a lot of corporate culture and bureaucracy as well.   Around 3 years ago, Vadim decided to start investing in multifamily real estate because he was looking for more freedom for himself and his family. “There's a difference between being rich and being wealthy. Having a lot of money doesn't mean much if you don't have the time to do what you really want to do.”   08:58 Risk is something that's talked about every day in the military and everything is about how to reduce risk to an acceptable level. Vadim shares what he's learned from the military about managing and mitigating risk.  Have strong procedures and policies in place and always follow them. Work with people who have common goals as you and build a strong team.   Vadim talks about his Why. He wants to make the world a better place and positively impact as many lives as possible. Through multifamily investing, he can take care of his tenants and it also gives him enough free time to do impactful things. “There's only so much you can do with policies and procedures if you don't have the right people to actually do those policies and procedures.”   25:10 At the end of the conversation, Vadim shares his best pieces of advice on how to mitigate real estate risk. Always make sure to have appropriate insurance in place. Be conservative in your underwriting. Have a strong property management team that really cares about your property. Choose people in your team who have the same goals as you. About our guest, Vadim Rey Born in Ukraine and raised in Los Angeles, CA, Vadim graduated from Tufts University in 2015 with a Bachelor of Science degree in Mechanical Engineering and received a commission as a US Navy Officer.   In his 5 years of Naval Service, Vadim has led almost 300 service members across 3 different branches of the military in a variety of Joint and Navy missions. Currently, he is serving aboard the USS HARRY S TRUMAN as one of the information systems officers.   Vadim is leaving active-duty service in 2022 and has pivoted to multifamily investing as a means of helping other people live their best lives. He started his portfolio in 2018 with a single-family house which he rents to a Baltimore Regional Housing Program family and is currently house-hacking a duplex. He is a GP in 23 units in Norfolk, VA, and an LP in over 2,100 units across the Southeast. Mentioned in the show: www.fwcinvestments.com His LinkedIn Shineinsurance.com www.shineinsurance.com/managing-commercial-real-estate-risk Jeremy's LinkedIn Need an instant insurance ballpark for your next Multifamily deal?! Answer 9 simple questions and we'll give you a sense of what insurance should be. Visit us here for everything you need to know: https://www.shineinsurance.com/ballpark/    Special thanks to Vadim Rey for taking the time to share so many great insights with us   If you enjoyed this podcast, there's a couple of things we need you to do right now:    SUBSCRIBE to Managing Commercial Real Estate Risk on Apple Podcast, Spotify, or wherever you listen to podcasts    While you there, please RATE & REVIEW the show    SHARE with friends   Finally, please, JOIN the Managing Commercial Real Estate Risk Facebook Group Then, please share the show with whoever you think it will inspire. Until the next time, We truly appreciate you listening. Need the CRE Insurance Guy? More great stories & information at: Youtube – Blog – Podcast If you enjoyed this episode, then you'll love these ones: How To Market Your Deal, With John Casmon 112: Quadrant Of Risk 130: How To Find Undervalued Markets, With Stefan Tsvetkov

Syndication Made Easy with Jeremy Goodrich Jeremy's been on the journey with hundreds of commercial real estate investors helping them manage risk and get clarity around their strategy. As the host of the most watched insurance agency channel on Youtube, Jeremy shares stories & answers questions in a way that actually makes sense and is interesting. His appearance on your show will offer your listeners a cornerstone episode that helps them think more clearly about managing risk. He will change the way you listeners feel about risk management. 812.679.8779 - JEREMY@SHINEINSURANCE.COM - Book A Call Don't forget to head over to iTunes to subscribe, rate, and leave a review. It's very much appreciated. ------------------------------------------------ About Vinney (Smile) Chopra: Vinney is a real estate investor, syndicator, International best-selling author, host of 4 podcasts, multifamily educator, mentor, dedicated husband of over 40 years and father of 2 children-Neil and Monica, residing in Danville, California (near San Francisco) for 40+ years. Vinney came to this country with only $7 in his pocket and a dream. Vinney has now built a portfolio of over 6,500 units amounting to over $650 Million in the multifamily, senior assisted living and hospitality arenas. He is passionate about helping others achieve financial freedom and giving back to our seniors who have given us so much. Learn more about Vinney: https://vinneychopra.com/ Learn more about investing with Vinney: https://vinneychopra.com/invest/ Apply for Mentorship: https://vinneychopra.com/mentorship/ Vinney's Youtube: https://www.youtube.com/c/VinneyChopra/videos Vinney's Linkedin: https://www.linkedin.com/in/vinney-smile-chopra/ Vinney's Instagram: https://www.instagram.com/vinneychopra/ Vinney's Free Book: https://vinneychopra.com/freebook/ Claim your FREE copy of The #1 Top Seller in Commercial Investing: http://apartmentsyndicationmadeeasy.com/ ------------------------------------------------

Syndication Made Easy with Jeremy Goodrich Jeremy's been on the journey with hundreds of commercial real estate investors helping them manage risk and get clarity around their strategy. As the host of the most watched insurance agency channel on Youtube, Jeremy shares stories & answers questions in a way that actually makes sense and is interesting. His appearance on your show will offer your listeners a cornerstone episode that helps them think more clearly about managing risk. He will change the way you listeners feel about risk management. 812.679.8779 - JEREMY@SHINEINSURANCE.COM - Book A Call Don't forget to head over to iTunes to subscribe, rate, and leave a review. It's very much appreciated. ------------------------------------------------ About Vinney (Smile) Chopra: Vinney is a real estate investor, syndicator, International best-selling author, host of 4 podcasts, multifamily educator, mentor, dedicated husband of over 40 years and father of 2 children-Neil and Monica, residing in Danville, California (near San Francisco) for 40+ years. Vinney came to this country with only $7 in his pocket and a dream. Vinney has now built a portfolio of over 6,500 units amounting to over $650 Million in the multifamily, senior assisted living and hospitality arenas. He is passionate about helping others achieve financial freedom and giving back to our seniors who have given us so much. Learn more about Vinney: https://vinneychopra.com/ Learn more about investing with Vinney: https://vinneychopra.com/invest/ Apply for Mentorship: https://vinneychopra.com/mentorship/ Vinney's Youtube: https://www.youtube.com/c/VinneyChopra/videos Vinney's Linkedin: https://www.linkedin.com/in/vinney-smile-chopra/ Vinney's Instagram: https://www.instagram.com/vinneychopra/ Vinney's Free Book: https://vinneychopra.com/freebook/ Claim your FREE copy of The #1 Top Seller in Commercial Investing: http://apartmentsyndicationmadeeasy.com/ ------------------------------------------------

Welcome to the Managing CRE Risk podcast with Jeremy Goodrich. Our guest today is Paul Shannon, a multifamily investor from Indianapolis. In our conversation, we talk about how to mitigate real estate risk, how to succeed in the current market, and what metrics to focus on in your underwritings. What you'll gain from this conversation is a high-level understanding of how someone in the CRE world thinks about risk, so you definitely want to tune in. Learn more about Paul and his story at shineinsurance.com/managing-commercial-real-estate-risk! “Having different options gives you a margin of safety, where maybe if you just go into one avenue for success, and that avenue doesn't work out, you're in a pinch.”   03:59 At the beginning of the conversation, Paul talks about the biggest risk he's taken in his life. When he was 37 years old, he left a well-paying sales leader position to pursue his career as a real estate investor full-time. He mitigated the risk by educating himself, saving up, and building a solid safety net for himself and his family. He started investing in the Midwest, specifically in Indianapolis, as it's a historically cash-flowing market.   Paul's advice on how to mitigate real estate risk and build a successful portfolio is to always have options in your investing journey. Plan out multiple exit strategies with every investment to never be backed up in a corner. “When inflation is above 4%, and unemployment is below 4%, in every case, we've gone into recession. “   15:30 Paul shares his insights about the current real estate market and how to manage its risks. We're most probably heading towards a recession, so be prepared for the potential downside. In the current environment, cap rates are expanding a bit more than they have in the past. Therefore, be more conservative in your underwriting. Due to inflation, fewer people can afford to buy homes, which means that they're going to be renting. That's a solid indicator for multifamily. Multifamily has typically done very well in times of inflation. During a recession, vacancy affects A+-class (luxury tenants) and C-class (working class tenants) properties the most. B-class properties are a bit safer avenue.   Paul is a passive investor as well. His favorite metric in underwriting is the yield on cost, which is the pro forma net operating income. It provides a way to compare the potential return on a value-add investment versus less risky alternatives. To calculate it, simply divide the net operating income by the project's total cost. About our Guest, Paul Shannon Paul Shannon spent his career as a sales leader and consultant for a large ophthalmology company, implementing surgical devices into operating rooms and health systems across the midwest. Since leaving his corporate career in 2019, Paul has acquired over 150 single-family and multifamily units by recycling his equity, using the BRRRR method, and/or joint venturing. Paul has experience in acquisitions, raising capital, property management, and project management, and is a licensed Realtor in Indiana. Along with being active in his business, Paul is a passive, limited partner in over 1,400 multifamily units, numerous industrial offerings, and ATMs. Mentioned in the show: www.redhawkinvesting.com His LinkedIn Shineinsurance.com www.shineinsurance.com/managing-commercial-real-estate-risk Jeremy's LinkedIn Need an instant insurance ballpark for your next Multifamily deal?! Answer 9 simple questions and we'll give you a sense of what insurance should be. Visit us here for everything you need to know: https://www.shineinsurance.com/ballpark/    Special thanks to Paul Shannon for taking the time to share so many great insights with us   If you enjoyed this podcast, there's a couple of things we need you to do right now:    SUBSCRIBE to Managing Commercial Real Estate Risk on Apple Podcast, Spotify, or wherever you listen to podcasts    While you there, please RATE & REVIEW the show    SHARE with friends   Finally, please, JOIN the Managing Commercial Real Estate Risk Facebook Group Then, please share the show with whoever you think it will inspire. Until the next time, We truly appreciate you listening. Need the CRE Insurance Guy? More great stories & information at: Youtube – Blog – Podcast If you enjoyed this episode, then you'll love these ones: How To Market Your Deal, With John Casmon 112: Quadrant Of Risk 130: How To Find Undervalued Markets, With Stefan Tsvetkov

Syndication Made Easy with Jeremy Goodrich Jeremy's been on the journey with hundreds of commercial real estate investors helping them manage risk and get clarity around their strategy. As the host of the most watched insurance agency channel on Youtube, Jeremy shares stories & answers questions in a way that actually makes sense and is interesting. His appearance on your show will offer your listeners a cornerstone episode that helps them think more clearly about managing risk. He will change the way you listeners feel about risk management. 812.679.8779 - JEREMY@SHINEINSURANCE.COM - Book A Call Don't forget to head over to iTunes to subscribe, rate, and leave a review. It's very much appreciated. ------------------------------------------------ About Vinney (Smile) Chopra: Vinney is a real estate investor, syndicator, International best-selling author, host of 4 podcasts, multifamily educator, mentor, dedicated husband of over 40 years and father of 2 children-Neil and Monica, residing in Danville, California (near San Francisco) for 40+ years. Vinney came to this country with only $7 in his pocket and a dream. Vinney has now built a portfolio of over 6,500 units amounting to over $650 Million in the multifamily, senior assisted living and hospitality arenas. He is passionate about helping others achieve financial freedom and giving back to our seniors who have given us so much. Learn more about Vinney: https://vinneychopra.com/ Learn more about investing with Vinney: https://vinneychopra.com/invest/ Apply for Mentorship: https://vinneychopra.com/mentorship/ Vinney's Youtube: https://www.youtube.com/c/VinneyChopra/videos Vinney's Linkedin: https://www.linkedin.com/in/vinney-smile-chopra/ Vinney's Instagram: https://www.instagram.com/vinneychopra/ Vinney's Free Book: https://vinneychopra.com/freebook/ Claim your FREE copy of The #1 Top Seller in Commercial Investing: http://apartmentsyndicationmadeeasy.com/ ------------------------------------------------

Welcome to the Managing CRE Risk podcast with Jeremy Goodrich. Today, we dive into our 4 quadrants of risk and specifically the last quadrant - systems risk. Our guest is John Casmon, who knows a lot about marketing, sales, and delivery. In this conversation, we talk about how to create the right foundation for your CRE business, build a healthy successful company, and find your “Why”. Learn more about John and his story at shineinsurance.com/managing-commercial-real-estate-risk! “More than 50% of Americans who make six figures or more live check to check.”   04:01 John spent 15 years in corporate America doing advertising and marketing for big brands such as Nike, Coors Light, Mountain Dew, and General Motors. However, he didn't just want to rely on a W-2 job, so to create multiple income streams, he started investing in real estate.   John started with small multifamily investments of 2-4 doors and scaled up over time to larger deals of hundreds of units. “We're facing record-breaking inflation. You want to have your money parked in income-producing, appreciating assets, like real estate.”   08:32 John shares the best 3 ways to get into multifamily as an average working professional: House hacking. Buy a 2-4 unit property, live in one unit, and rent out the others. Joint venture. If you don't have a lot of time or experience, partner up with somebody who has those. Invest in syndications. If you have more capital and want to be a passive investor, invest in larger deals through syndication.   When you decide to work towards financial freedom through real estate, figure out your “Why”. Ask yourself what motivates you the most. Your goals, desires, fears, or frustrations. “We do business with people who we know, like, and trust, so you have to develop that relationship if you want people to do business with you.”   17:07 John is an expert in building real estate systems like marketing, sales, and delivery. He shares the biggest mistakes he sees people make in these areas. Not thinking about the service that you're providing as a service. Take your time to understand your clients and the problems you're solving for people. Trying to have a product or service for everybody. Focus on your specific customer avatar. Not keeping track of your connections. Make sure to have a CRM in place, so you can reach out to the people you meet. Always focus on adding value while you're building your marketing funnel. About our Guest, John Casmon John Casmon launched Casmon Capital Group to help busy professionals invest in real estate without taking on a second job. We've helped families invest in close to $90M in multifamily apartments to create passive income, reduce their tax obligation, and foster generational wealth. John hosts the Target Market Insights: Multifamily + Marketing podcast. In addition, he is the co-founder of the Midwest Real Estate Networking Summit. As a former marketing executive, John oversaw marketing campaigns for General Motors, PepsiCo, and MillerCoors. Mentioned in the show: https://www.casmoncapital.com/ His LinkedIn Shineinsurance.com www.shineinsurance.com/managing-commercial-real-estate-risk Jeremy's LinkedIn Need an instant insurance ballpark for your next Multifamily deal?! Answer 9 simple questions and we'll give you a sense of what insurance should be. Visit us here for everything you need to know: https://www.shineinsurance.com/ballpark/    Special thanks to John Casmon for taking the time to share so many great insights with us   If you enjoyed this podcast, there's a couple of things we need you to do right now:    SUBSCRIBE to Managing Commercial Real Estate Risk on Apple Podcast, Spotify, or wherever you listen to podcasts    While you there, please RATE & REVIEW the show    SHARE with friends   Finally, please, JOIN the Managing Commercial Real Estate Risk Facebook Group Then, please share the show with whoever you think it will inspire. Until the next time, We truly appreciate you listening. Need the CRE Insurance Guy? More great stories & information at: Youtube – Blog – Podcast If you enjoyed this episode, then you'll love these ones: How To Market Your Deal, With John Casmon 112: Quadrant Of Risk 130: How To Find Undervalued Markets, With Stefan Tsvetkov

Jeremy Goodrich owns Shine Insurance Agency with McKenzie. He's a teacher at heart and he simplifies insurance by giving step by step guidance along the way.Before Shine, he was an elementary school teacher, helping countless kids fall in love with art, math, science, and writing. Former students remember learning to play hockey in gym class, opening epic businesses in a virtual world called The Businesses Project, and learning to use a sewing machine.After 13 years of teaching, he decided it was time to change the way people feel about insurance. Jeremy carried the heart of an educator over and he's been making insurance simple for first time home buyers and real estate investors even since. Most days Jeremy can be found helping real estate investors by shooting them ball parks, reviewing their policies, and making insurance work for their bottom line.  He's also the host of a multifamily real estate podcast, and the host of Youtube's #1 most watched independent insurance agency channel.  In this episode,  Jeremy will talk about the inside scoop for Multifamily insurance  and how a good insurance advisor can assist and guide you in the acquisition of real estate.  CONNECT WITH JEREMYEmail: jeremy@shineinsurance.comWebsite: https://www.shineinsurance.com/CONNECT WITH JONATHANTo connect with Jonathan, you can send email at info@greystonecapgroup.com or schedule a time to chat.To learn more about real estate investment opportunities, join the Greystone Capital Investor Network.Thanks for listening and until next time, keep building wealth in Commercial Real Estate!   

Welcome to the Managing CRE Risk podcast with Jeremy Goodrich. If you've been listening to this show you're probably starting to get a hang of how we mitigate CRE risk. We analyze and manage the risk based on good data. Our guest today, Stefan Tsvetkov, a financial engineer turned multifamily investor and analytics speaker, is all about market data analysis. In our conversation, we talk about how the real estate market changed in the last 2 recessions, what markets are over or undervalued right now, and what to expect in the industry if another recession comes. Join us to evaluate your target market better! Learn more about Stefan and his story at shineinsurance.com/managing-commercial-real-estate-risk! “Market valuation is a measure of where a real estate market, city, county, or metropolitan area is valued relative to its key fundamentals.”   5:34 Stefan moved to the US in 2009 when he was 22 years old. He started his career as a financial engineer and over the years, transitioned into the real estate world and market analysis.   Stefan explains how he's evaluating a particular market. He looks at 3 key fundamentals: income, population, and housing supply. He measures if the market is overvalued or undervalued, and how would it handle a peak market cycle and subsequent fall off. “At the current time, the undervalued markets tend to be in the Midwest and Northeast.”   11:40 Based on data from the last 2 financial crises, the dot-com bubble and the 2008 financial crisis, Stefan can evaluate how a specific market would react to a potential recession. He shows us a heatmap of US real estate market valuations by state for 2020. This displays undervalued and overvalued markets. Stefan explains that the less overvalued a market is at the time of a recession, the more likely that market is going to do well in the coming decade. This means that investing in an undervalued state or city potentially has less downside in a possible recession, however, the 3 key fundamentals also have to make sense to evaluate these markets. About our Guest, Stefan Tsvetkov Stefan Tsvetkov is the Founder of RealtyQuant (www.realtyquant.com), a company that brings data-driven and quantitative techniques to the real estate industry. On a mission to add massive industry value through education, investment, technology, and analytics.   Financial engineer turned multifamily investor, analytics speaker, and live webinar host. He holds a Master's degree in Financial Engineering from Columbia University, and during his finance career managed ~$90 billion derivatives portfolio jointly with colleagues.   Featured on multiple Podcast and Webinar events including Elevate, Best Ever Real Estate Show, Investing in the U.S. etc. Host of Finance Meets Real Estate webinar series. Mentioned in the show: https://www.realtyquant.com/ Finance Meets Real Estate Youtube Channel His LinkedIn Shineinsurance.com www.shineinsurance.com/managing-commercial-real-estate-risk Jeremy's LinkedIn Need an instant insurance ballpark for your next Multifamily deal?! Answer 9 simple questions and we'll give you a sense of what insurance should be. Visit us here for everything you need to know: https://www.shineinsurance.com/ballpark/    Special thanks to Stefan Tsvetkov for taking the time to share so many great insights with us   If you enjoyed this podcast, there's a couple of things we need you to do right now:    SUBSCRIBE to Managing Commercial Real Estate Risk on Apple Podcast, Spotify, or wherever you listen to podcasts    While you there, please RATE & REVIEW the show    SHARE with friends   Finally, please, JOIN the Managing Commercial Real Estate Risk Facebook Group Then, please share the show with whoever you think it will inspire. Until the next time, We truly appreciate you listening. Need the CRE Insurance Guy? More great stories & information at: Youtube – Blog – Podcast If you enjoyed this episode, then you'll love these ones: 126: Private Lending & Cashflow, With Alex Breshears 125: Mindfulness & Professionalism, With Terrie Schauer 118: Elevate Your Operations

Welcome to the Managing CRE Risk podcast with Jeremy Goodrich. Today, we have an amazing guest for you, one of the country's top real estate trainers, Rod Khleif. Rod is a real estate investor, author, multifamily mentor, and podcast host who owned thousands of units in his career. In our conversation, we talk about how Rod built his insane portfolio, what is about to come in the near future in the real estate industry, and how to mitigate risks in your investments. Learn more about Rod and his story at shineinsurance.com/managing-commercial-real-estate-risk! “Cashflow is everything.”   05:14 Rod moved to the United States from the Netherlands with his mother and brother when he was 6 years old. He had a humble upbringing, but his mom was very entrepreneurial and inspired him to invest his money from an early age.    Rod chose not to attend college but go straight to get his real estate license. He became successful fast and built a huge portfolio. However, in the 2008 crash, he lost almost $50M in investments. This made him a more conservative investor, and over time created even bigger success for himself. “There's going to be an incredible opportunity in the near future. Some people say it could be the greatest transfer of wealth we experienced in our lifetimes.”   12:36 Rod talks about some of the risks he sees in the current market, and how these can cause complications in the future. Operators are overleveraging debt and bridge debt became common which creates skinny deals. The United States printed so much money in the last few years that it's increasing interest rates and inflation. This can cause a recession or even a depression in the upcoming years.   Rod shares his best pieces of advice on how to mitigate real estate risk in the current market. Be very conservative in your underwriting. Cash is king in a crisis so focus on cash-flowing deals. Your mindset is very important. Focus on your goals and learn as much about the current market as possible.  Be a specialist and not a generalist. Specialize in one asset class and become an expert in it. About our Guest, Rod Khleif Rod Khleif is an entrepreneur, real estate investor, multiple business owner, author, mentor, and community philanthropist who is passionate about business, life, success, and giving back. As one of the country's top real estate trainers, Rod has personally owned and managed over 2,000 properties.   Rod is the Host of the Top-Ranked iTunes Real Estate Podcast which has been downloaded more than 13,000,000 times – “The Lifetime Cash Flow Through Real Estate Investing Podcast.” Rod is the author of the #1 best-selling book “How to Create Lifetime Cash Flow Through Multifamily Properties” considered to be an essential “textbook” for aspiring multifamily investors.   As an accomplished entrepreneur, Rod has built several successful multi-million dollar businesses. As a community philanthropist, Rod founded and directs The Tiny Hands Foundation, which has benefited more than 120,000 community children and families in need. Rod has combined his passion for real estate investing and business development coaching with his personal philosophy of goal setting, envisioning, and manifesting success to become one of America's top real estate investment and business development trainers. Mentioned in the show: Multifamilybootcamp.com rodslinks.com His LinkedIn Shineinsurance.com www.shineinsurance.com/managing-commercial-real-estate-risk Jeremy's LinkedIn Need an instant insurance ballpark for your next Multifamily deal?! Answer 9 simple questions and we'll give you a sense of what insurance should be. Visit us here for everything you need to know: https://www.shineinsurance.com/ballpark/    Special thanks to Rod Khleif for taking the time to share so many great insights with us   If you enjoyed this podcast, there's a couple of things we need you to do right now:    SUBSCRIBE to Managing Commercial Real Estate Risk on Apple Podcast, Spotify, or wherever you listen to podcasts    While you there, please RATE & REVIEW the show    SHARE with friends   Finally, please, JOIN the Managing Commercial Real Estate Risk Facebook Group Then, please share the show with whoever you think it will inspire. Until the next time, We truly appreciate you listening. Need the CRE Insurance Guy? More great stories & information at: Youtube – Blog – Podcast If you enjoyed this episode, then you'll love these ones: 126: Private Lending & Cashflow, With Alex Breshears 125: Mindfulness & Professionalism, With Terrie Schauer 118: Elevate Your Operations

Be motivated by today's episode as Jeremy Goodrich talks about the role of insurance in real estate investing and the value of risk management. Tune in to be informed on the top marketing strategy, behind the scenes of being a service provider, and why you should have multiple income streams. So, start listening now and be financially free!KEY TAKEAWAYSThe two aspects of real estate investing that you need to excelWhy investors should also think about the communityA vital piece of advice on underwriting deals as a passive investor3 E's you must have to be a successful real estate investorHow to wisely approach the current condition of the real estate marketABOUT JEREMY GOODRICHJeremy is a Commercial Real Estate Insurance Advisor and is the owner and Chief Protection Officer of Shine Insurance Agency. His interest in entrepreneurship really started way back. Soon, he also loved educating and became an elementary school teacher guiding his students in subjects like Math, Science, Writing, and even hockey. Jeremy's passion for teaching and entrepreneurship laid the foundation for his current company and changed how people view insurance. He is the host of the REI Clarity podcast and the Top 1 most-watched independent insurance agency Youtube channel, Shine Insurance.CONNECT WITH JEREMYWebsite: Shine Insurance https://www.shineinsurance.com/Podcast: REI Clarity https://reiclarity.com/Youtube: Shine Insurance https://www.youtube.com/channel/UCGO-atb8JOo7usmRuVzG-BATo find out more about partnering or investing in a multifamily deal, schedule a call here: https://calendly.com/threekeysinvestments/get-acquainted-call Visit ThreeKeysInvestments.com to download a free e-book “Why Invest in Apartments”!Please RSS: Review, Subscribe, Share!Support the show (and my reading addiction)!https://www.buymeacoffee.com/AskMeHowIKnow

Join Mike Cavaggioni with Jeremy Goodrich on the 114th episode of the Average Joe Finances Podcast. Jeremy shares how he transitioned from being an elementary school teacher to becoming a commercial real estate insurance advisor who's been teaching investors how to buy and protect properties since 2013.In this episode, you'll learn:The career shift that might change your perspective in lifeThe difference between residential and commercial real estate insuranceWhy real estate is a good source of passive incomeWhat factors to look for your ideal operatorsAnd much more!About Jeremy Goodrich:Jeremy is the owner of Shine Insurance and the host of the Managing Commercial Real Estate Risk podcast. He's a teacher at heart and he simplifies insurance by giving step by step guidance along the way.Before Shine, he was an elementary school teacher, helping countless kids fall in love with art, math, science, and writing.  After 13 years of teaching, he decided it was time to change the way people feel about insurance. Jeremy can be found helping real estate investors by shooting them ball park estimates, reviewing their policies, and making insurance work for their bottom line.Find Jeremy Goodrich on:Website: https://www.shineinsurance.com/Instagram: https://www.instagram.com/jgshines/Facebook: https://www.facebook.com/jegoodri/Linked In: https://www.linkedin.com/in/reiinsuranceguy/Youtube: https://www.youtube.com/channel/UCGO-atb8JOo7usmRuVzG-BAAverage Joe Finances®Our social media links can be found here: https://averagejoefinances.com/linksNeed help Buying or Selling a House? https://averagejoefinances.com/realtorInterested in getting your real estate license? https://averagejoefinances.com/prepagentUse the same Audio/Video Editing Team that I use: https://editpods.comHost your own Podcast here: https://averagejoefinances.com/buzzsproutSocial Media Management Tool: https://averagejoefinances.com/social-mediaPay Off Your Mortgage in 5-7 Years:www.theshredmethod.com/averagejoefinancesMake Real Estate Investing Easier with DealMachine:https://averagejoefinances.com/dealmachineFree Stocks:● Robinhood: https://averagejoefinances.com/robinhood● Webull: https://averagejoefinances.com/webullGet Life Insurance: https://averagejoefinances.com/ladderAverage Joe Finances Swag: averagejoefinances.com/resources/shop*DISCLAIMER* https://averagejoefinances.com/disclaimer If you are interested in writing for Average Joe Finances or joining us for an interview on the podcast, please visit https://averagejoefinances.com/contactSee our episode transcripts here: https://www.averagejoefinancespod.com/episodes/--------------Tropical Sensation by Mike Leite soundcloud.com/mikeleite Creative Commons — Attribution 3.0 Unported — CC BY 3.0 Free Download / Stream: https://bit.ly/-tropical-sensationChaos to Clarity“Chaos to Clarity”! There's a ton of entrepreneurial advice out there. Too much! Here...Listen on: Apple Podcasts Spotify Seasons Leadership PodcastGet practical, actionable advice you can apply now to improve your leadership - and life.Listen on: Apple Podcasts SpotifySupport the show

Welcome to the Managing CRE Risk podcast with Jeremy Goodrich. Our guest today is Camilla Jeffs, a real estate investor, and educator. She had massive success investing in single-family homes and shares how she shifted to passive investing. We also talk about why the biggest risk is not taking risks, how to help your children to become investors, and the best ways to evaluate a deal. Learn more about Camilla and her story at shineinsurance.com/managing-commercial-real-estate-risk! “I didn't think we could afford a house. And then when we got into a house hack, it turned me on to the concept of real estate investing.”   03:54 Camilla first invested in real estate when she was just 22 years old. She did a house hack with her husband because she didn't want to rent. She fell in love with real estate and started educating herself.    Her strategy was to buy fixer-uppers, move into them and fix them up in 2 years, then hold on to them for another 3 years for tax purposes. She also bought some four-plexes and in 15 years, grew an impressive portfolio.    Camilla has 5 children who grew up in this entrepreneurial environment. They are also very involved in real estate now. “We have to take risks and we have to be okay with it.”   13:58 Camilla talks about what she sees as some of the biggest risks in REI. One of them is not buying the right deal at the right location, but an even bigger risk is not taking any investment risks.   She took another risk in 2019 and started investing in commercial real estate. She is on a journey to turn all her active investments into passive ones.   Camilla shares the top 3 things to focus on when evaluating a deal. Team. Look for an experienced team in the actual type of investment that you're going for. Market. Find a growing market with job diversity. Deal. Look for a solid business plan that fits your goals. About our Guest, Camilla Jeffs Camilla Jeffs is passionate about financial education, building wealth, and living a life by design. She is the Founder and CEO of Steady Stream Investments, a company focused on providing investment opportunities in large multifamily and senior housing communities. With 18 years of experience investing in real estate, she has done everything from live-in flips, single-family rentals, small multifamily, and now large multifamily and assisted living. She specializes in teaching the first-time investor how to achieve passive income and diversify their portfolio. Camilla believes in the investing trifecta, where one can achieve strong financial returns and create social and environmental impact by providing safe, clean, and affordable housing to entire communities. Camilla is a triathlete, an outdoor enthusiast, and a devoted mother to her five amazing children. Mentioned in the show: https://steadystreaminvestments.com/ https://camillajeffs.com/ Her LinkedIn Shineinsurance.com www.shineinsurance.com/managing-commercial-real-estate-risk Jeremy's LinkedIn Need an instant insurance ballpark for your next Multifamily deal?! Answer 9 simple questions and we'll give you a sense of what insurance should be. Visit us here for everything you need to know: https://www.shineinsurance.com/ballpark/    Special thanks to Camilla Jeffs for taking the time to share so many great insights with us   If you enjoyed this podcast, there's a couple of things we need you to do right now:    SUBSCRIBE to Managing Commercial Real Estate Risk on Apple Podcast, Spotify, or wherever you listen to podcasts    While you there, please RATE & REVIEW the show    SHARE with friends   Finally, please, JOIN the Managing Commercial Real Estate Risk Facebook Group Then, please share the show with whoever you think it will inspire. Until the next time, We truly appreciate you listening. Need the CRE Insurance Guy? More great stories & information at: Youtube – Blog – Podcast If you enjoyed this episode, then you'll love these ones: 126: Private Lending & Cashflow, With Alex Breshears 125: Mindfulness & Professionalism, With Terrie Schauer 118: Elevate Your Operations

Welcome to the Managing CRE Risk podcast with Jeremy Goodrich. Today, we talk about the risk of falling behind in real estate. Our guest, Gary Wilson, has been an investor for over 30 years and shares how he has stayed on top of the industry. We talk about the 4 ways to limit real estate risk, how to build your property management team, and how to keep up with rapid market changes. You definitely don't want to miss out on this episode!  Learn more about Gary and his story at shineinsurance.com/managing-commercial-real-estate-risk! “Many property management companies are used to traditional long-term rentals. They're not used to Airbnb and corporate housing, and that's a risk.”   4:58 Gary has been investing in real estate for over 30 years. At the beginning of the conversation, he shares what he sees as the biggest risk in the current market. The world is changing and evolving rapidly and real estate investors have to keep up with all the changes in order to stay in business. One example of that is Airbnb as corporate housing which is a fairly new concept.   Another real estate risk is financing. There are new options for alternative financing for bigger properties, but investors need to be cautious and well-informed about them. “Your lender, your insurance guy, your attorney, they're all partners. So select your partners wisely.”   10:20 Gary shares his risk management process. He has 4 key ways to limit his real estate risk.   Be a good landlord.Make sure your property is up to code, safe, clean, and reliable. This is not only beneficial to your tenants but good for your reputation in the industry as well. Have solid property insurance.Avoid injury or death on your property by making it as safe as possible. However, make sure to properly insure yourself if something does happen despite all of your efforts. Use an LLC for your real estate business.LLC gives you anonymity and one degree of separation from liability. Any lawsuit will go to the LLC first and not you personally. A good rule of thumb is to not have more than $1M in assets in any one LLC. On higher levels, you can use trusts instead of LLCs as well. Have good property management.Many people self-manage their properties. However, there's some risk in that because if you're the owner and the manager as well, you automatically tie yourself directly to the tangible asset. To avoid that, build a good property management team incorporated in a separate LLC.  About our Guest, Gary Wilson At age 40, retired as Corporate Vice-President, Mergers & Acquisitions in National Banking; In the first 6 months after earning a real estate license, created 6 figure income working with Investors Completed over 100 transactions per year consistently every year without a sales team or assistant, with virtually no marketing costs Traded over 3,000 Investment properties in less than 5 years Developed five real estate holding companies, owning more than 250 Rental Units Self-made multi-millionaire by building a real estate enterprise including: brokerage, rental management, investment services, settlement services, and appraisal services Award winner and accepted into Andron Apiphenon Order of Excellence for Real Estate Author of FIVE Real Estate Investment books: Rental Profits Without The Pain, Flipping For Profits Without The Risk, Turning Rental Problems into Real Estate Profits, Wholesaling For Profits so Everybody Wins, Investor Agent, Make More Money Not More Work Founder, Trainer and Coach of Path to Profit System, teaching more than 8,000 Agents and Investors; Mentioned in the show: https://globalinvestoragent.com/ https://www.myinvestmentservices.com/ His LinkedIn Shineinsurance.com www.shineinsurance.com/managing-commercial-real-estate-risk Jeremy's LinkedIn Need an instant insurance ballpark for your next Multifamily deal?! Answer 9 simple questions and we'll give you a sense of what insurance should be. Visit us here for everything you need to know: https://www.shineinsurance.com/ballpark/    Special thanks to Gary Wilson for taking the time to share so many great insights with us   If you enjoyed this podcast, there's a couple of things we need you to do right now:    SUBSCRIBE to Managing Commercial Real Estate Risk on Apple Podcast, Spotify, or wherever you listen to podcasts    While you there, please RATE & REVIEW the show    SHARE with friends   Finally, please, JOIN the Managing Commercial Real Estate Risk Facebook Group Then, please share the show with whoever you think it will inspire. Until the next time, We truly appreciate you listening. Need the CRE Insurance Guy? More great stories & information at: Youtube – Blog – Podcast If you enjoyed this episode, then you'll love these ones: 126: Private Lending & Cashflow, With Alex Breshears 125: Mindfulness & Professionalism, With Terrie Schauer 118: Elevate Your Operations

Jeremy was an elementary school teacher for 13 years before he started Shine Insurance. It was during that time that he met his wife McKenzie, a third generation insurance agent. They started Shine Insurance in 2013 as a new venture for both of them to combine their passions and expertise.  He continued on the education piece, and teaches people how to buy homes and how the commercial real estate market works. With risk and insurance we are playing defense. Jeremy notes that the goal is to not lose this money–so risk management is the defensive game. The best thing to do is ask questions, and then connect that commercial real estate investor with those who will walk them through the entire process. It is really about making sure their entire service team is in place, including: Accountant Lawyer Property Management Insurance Advisor Title Company Lender Jeremy says also helps to inquire about the client's due diligence–how much have they looked into the property, and where are some of the property's risks. How did Jeremy get started? By learning about the commercial real estate business, and then getting started in a small way to build up his knowledge and his experience. This is how Jeremy built his network of clients who also helped with referrals. Keys points in Jeremy's process are the 3 E's: Education, Experience, and Entourage. When it comes to risk management, Jeremy breaks things down into four quadrants so he can explain what is important for clients to understand: Property–buildings, pools, sheds, and specific points about them Relationships–reviewing deals, understanding the information, contracts Externals–markets, taxes, politics, all the things we cannot control Systems–you must have good systems in your business to avoid risk issues and this provides scalability Contact Jeremy by email at jeremy@shineinsurance.com. Visit Jeremy at Shine Insurance. Stop by his LinkedIn profile to learn more. Check out Jeremy's REI Clarity Podcast. Follow David at @daviddmorse on Instagram and Joe at @joe.quattrucci. Join David & Joe at Keller Williams Arizona Realty, where productive agents redefine their business. Reach out by DM, email at davidmorse@kw.com or directly at 480-767-3000.

Welcome to the Managing CRE Risk podcast with Jeremy Goodrich. Today, we have a great conversation for you about debt and cash flow. Our guest is Alex Breshears, private lender, LP investor, and author. We talk about how to limit your risk by understanding capital, how private lending differs from hard money lending, and how to build your capital stack. Learn more about Alex and her story at shineinsurance.com/managing-commercial-real-estate-risk! “That's actually one of the things I love about private lending is that it's extremely flexible and you can make it anything you want.”   07:05 Alex is a private lender. At the beginning of the episode, she explains that private lending and hard money lending are two very different things. As a private lender, Alex and her business have a certain amount of capital that she lends out to people after underwriting their deals. However, hard money lenders' funds generally come with strings attached. Borrowers have to fit certain standards in order to qualify for loans.   Alex's advice for people who are interested in becoming a private lender is to be very informed about their state's laws because brokering has different laws in every state. It's useful to find a specialized attorney for this process. “If you'd have a private lender saying they lend in all 50 states then that is a hard money lender calling themselves a private lender.”   15:03 Alex shares some things to look out for as an investor when working with a private lender: No funds should change hands outside of closing. Most private lenders are hyper-local. Therefore, if they've done loans in that area, their deeds and trust, and mortgages are public records. Ask for references in your market. Be aware of people who say they lend in all 50 states, as they're probably hard money lenders. “The reason I invest passively is because I want to go out and live actively.”   28:20 Alex is an LP investor. She talks about the risks of the capital stack. LP investors are on the top of the capital stack, so if the deal goes wrong, their money is at risk first.   Alex breaks down passive investors into 2 categories - equity multiple investors and cash flow investors. She prefers cash flow investing as it is more reliable by running the numbers. It's also less risky, as the properties are usually stabilized. About our Guest, Alex Breshears Alex Breshears is a private money lender, short-term rental owner, LP investor in syndications, and private lending fund manager. She is also a BiggerPockets published author, with her private lending book “ Lend to Live: Earn Hassle-Free Passive Income in Real Estate with Private Money Lending” hitting shelves in August of 2022. She started an educational Facebook group called Lend2Live: Private Lending Lessons which offers educational lessons, daily posts for discussion, and opportunities to network with other investors about private lending, and various projects that may need funding. Alex is also passionate about financial education and independence for female investors. Alex is a military spouse, dog mom of 4, and seeks to educate others about investing to fit the design of your life. She was a chemistry professor, teaching for a four-year school for the past ten years, with a special focus on pharmacology. Mentioned in the show: Lend2Live: Private Lending Lessons Facebook Group Her LinkedIn Alex Breshears - Lend to Live: Earn Hassle-Free Passive Income in Real Estate with Private Money Lending Shineinsurance.com www.shineinsurance.com/managing-commercial-real-estate-risk Jeremy's LinkedIn Need an instant insurance ballpark for your next Multifamily deal?! Answer 9 simple questions and we'll give you a sense of what insurance should be. Visit us here for everything you need to know: https://www.shineinsurance.com/ballpark/    Special thanks to Alex Breshears for taking the time to share so many great insights with us   If you enjoyed this podcast, there's a couple of things we need you to do right now:    SUBSCRIBE to Managing Commercial Real Estate Risk on Apple Podcast, Spotify, or wherever you listen to podcasts    While you there, please RATE & REVIEW the show    SHARE with friends   Finally, please, JOIN the Managing Commercial Real Estate Risk Facebook Group Then, please share the show with whoever you think it will inspire. Until the next time, We truly appreciate you listening. Need the CRE Insurance Guy? More great stories & information at: Youtube – Blog – Podcast If you enjoyed this episode, then you'll love these ones: 124: Being A Connector, With Yonah Weiss How To Escape Burn Out & Make Better Decisions, With AdaPia D'Errico 110: 3 Silos Of Risk

Welcome to the Managing CRE Risk podcast with Jeremy Goodrich. Today, we talk about how mindfulness can help you be a better property manager. Our guest is Terrie Schauer, investor, property manager, author, and coach. She shares some techniques for being more mindful in our work life, how to be professional in business relationships, and why real estate investing isn't as risky as many of us think. Learn more about Terrie and her story at shineinsurance.com/managing-commercial-real-estate-risk! “Very often the things that people are afraid of are not the things that they should be afraid of.”   08:30 At the beginning of the conversation, Terrie shares what risk means to her. She is living and investing in Quebec, and according to her, real estate investing isn't very risky overall. It can be hard and time-consuming, but there aren't many events that can take down someone's whole portfolio. The biggest risk is usually around the sale and not the operation of the property.   Terrie shares some ways to successfully mitigate real estate risk. Focus on creating solid contracts at the beginning of all your business partnerships. Have your systems and processes in place at the time of sale. Make sure to insure the property early on. “The best diet plan in the world will not help you if you can't execute it in those micro-moments when you're choosing what to put into your mouth. And real estate is the exact same thing.“   16:18 Terrie wrote a book, Mindful Landlord, that focuses on becoming a successful and fulfilled landlord through mindfulness. She talks about some of the techniques that can help you train your mind to become more mindful in your business.  Learn how to meditate and cultivate pure presence. Instead of trying to replace anxious thoughts with positive thoughts, identify what's underneath your thoughts. Always focus on the next step in your business plan to avoid being overwhelmed. Don't be afraid to ask questions and ask for help from people. Be professional in your communication with tenants. Use polite language and don't text with them. About our Guest, Terrie Schauer Terrie is an investor, a property manager, and a real estate broker. She spent twenty years getting income properties in three different cities to cash flow, both for her and for her clients. For Terrie, the ultimate goal of being a landlord isn't a dollar sign, it's a full, happy, and financially free existence. Mentioned in the show: https://terrieschauer.com/ Terrie Schauer - Mindful Landlord Her LinkedIn Shineinsurance.com www.shineinsurance.com/managing-commercial-real-estate-risk Jeremy's LinkedIn Need an instant insurance ballpark for your next Multifamily deal?! Answer 9 simple questions and we'll give you a sense of what insurance should be. Visit us here for everything you need to know: https://www.shineinsurance.com/ballpark/    Special thanks to Terrie Schauer for taking the time to share so many great insights with us   If you enjoyed this podcast, there's a couple of things we need you to do right now:    SUBSCRIBE to Managing Commercial Real Estate Risk on Apple Podcast, Spotify, or wherever you listen to podcasts    While you there, please RATE & REVIEW the show    SHARE with friends   Finally, please, JOIN the Managing Commercial Real Estate Risk Facebook Group Then, please share the show with whoever you think it will inspire. Until the next time, We truly appreciate you listening. Need the CRE Insurance Guy? More great stories & information at: Youtube – Blog – Podcast If you enjoyed this episode, then you'll love these ones: 124: Being A Connector, With Yonah Weiss How To Escape Burn Out & Make Better Decisions, With AdaPia D'Errico 110: 3 Silos Of Risk

Jeremy Goodrich is a passive investor in the alternative investment space and he has helped many commercial real estate investors manage risk and get clarity about their strategy. He is the owner of Shine Insurance, he's also the host of the REI Clarity podcast, and he is here to help us learn more about lowering risks as a passive investor. Key Talking Points of the Episode [01:48] Listen to Simple Passive Cashflow! [02:31] Who is Jeremy Goodrich? [03:20] What is Jeremy's background? [04:11] How did Jeremy get involved in real estate? [05:15] What is the biggest factor in calculating investment risks? [06:08] What is the biggest risk when you invest passively? [07:29] How can someone determine the red flags? [08:31] How do you find the right operators to work with? [10:09] Why is it important to know how operators treat their tenants? [12:29] What else can people do to vet out a deal or operator? [14:03] How can you evaluate deals based on the fees they're charging? [16:45] Is it a good idea to enter a deal that banks on appreciation? [17:49] What is Jeremy's advice to those who are interested in passive investing? [18:51] Where can you find Jeremy? Quotables “I really tried to never lose the teacher. Just like, how can I educate about whatever it is we're working on and early on in my insurance journey, I really focused on real estate.” “I started helping first-time home buyers, not just with the insurance piece, but with the entire home buying process.” “I'm sure your listeners have heard on this show many times that it is all about the operator when you're looking to invest passively in commercial real estate.”

Welcome to the Managing CRE Risk podcast with Jeremy Goodrich. Today, we dive deep into networking and relationship building with our great returning guest, Yonah Weiss. Yonah is one of the best connectors in the CRE space and an expert in cost segregation. We talk about community building, mitigating risk, and the newest changes in cost segregation. Learn more about Yonah and his story at shineinsurance.com/managing-commercial-real-estate-risk! “Platforms like LinkedIn are a great way to put yourself out there, create a brand that people recognize, and continuously add value.”   05:03 At the beginning of the conversation, we talk about building relationships and growing our network. Yonah has always been a good connector and enjoyed meeting people, so building community has always come to him naturally. He shares his best pieces of advice on how to be a good connector. Learn how to be a good listener because that is the most important skill in networking. Actively engage with other people's content on social media, especially on LinkedIn. Provide value on your social media consistently.  “Risk is very malleable because it changes based on your level of knowledge.”   17:09 Yonah talks about the biggest risk he took that changed his life. He moved from the United States to Israel 22 years ago, without knowinf anybody. He's been working remotely ever since.    This experience taught him to not be afraid of taking risks. According to him, risk can always be mitigated by learning more about the topic. “The biggest risk for anyone in commercial real estate is the uncertainty of market changes.”   27:06 At the end of the episode, we talk about Yonah's expertise - cost segregation. Cost segregation is a tax strategy for real estate investors that allows them to accelerate their depreciation deductions to a faster pace.    Yonah talked more in-depth about cost segregation in a previous episode. A big change since then is that the “100% bonus depreciation” option ends in 2022 and will start to phase out by decreasing 20% each year for the next several years. What that means is you will no longer be able to take 100% of those accelerated deductions in the first year, you'll only be able to take 80% of them. About our Guest, Yonah Weiss Yonah is a powerhouse with property owners' tax savings. As Business Director at Madison SPECS, a national Cost Segregation leader, he has assisted clients in saving tens of millions of dollars on taxes through cost segregation. He has a background in teaching and a passion for real estate and helping others. Mentioned in the show: https://www.yonahweiss.com/ His LinkedIn Shineinsurance.com www.shineinsurance.com/managing-commercial-real-estate-risk Jeremy's LinkedIn Need an instant insurance ballpark for your next Multifamily deal?! Answer 9 simple questions and we'll give you a sense of what insurance should be. Visit us here for everything you need to know: https://www.shineinsurance.com/ballpark/    Special thanks to Yonah Weiss for taking the time to share so many great insights with us   If you enjoyed this podcast, there's a couple of things we need you to do right now:    SUBSCRIBE to Managing Commercial Real Estate Risk on Apple Podcast, Spotify, or wherever you listen to podcasts    While you there, please RATE & REVIEW the show    SHARE with friends   Finally, please, JOIN the Managing Commercial Real Estate Risk Facebook Group Then, please share the show with whoever you think it will inspire. Until the next time, We truly appreciate you listening. Need the CRE Insurance Guy? More great stories & information at: Youtube – Blog – Podcast If you enjoyed this episode, then you'll love these ones: How To Build Your Network & Lower Your Taxes, With Yonah Weiss 112: Quadrant Of Risk 123: Infinite Banking, With Kofi Thompson