POPULARITY
Join us as we talk with Mike Kaeding, CEO of Norhart, a company that designs, builds, and rents apartments with a revolutionary approach. By incorporating advanced technologies and techniques from other industries, Norhart is transforming the construction process to improve quality and reduce housing costs. Mike and his team are dedicated to addressing America's housing shortage and affordability crisis, with a vision to ultimately enhance the way we all live. Tune in to learn how Norhart is changing the future of housing and what this means for the broader real estate landscape. Learn More Here: https://www.norhart.com/ Want to be a guest on WITneSSes? Send Elisha Arowojobe a message on PodMatch, here: https://www.podmatch.com/hostdetailpreview/elishaarowojobe
Hello and welcome to the Q-T.A.L.K.S
Mike Kaeding is CEO of Norhart. Norhart is a multifamily developer focused on solving housing affordability. Mike's links: Website: https://www.norhart.com/ Instagram: https://www.instagram.com/mikekaeding Facebook: https://www.facebook.com/mikeskaeding LinkedIn: https://www.linkedin.com/in/mikekaeding/ Podcast: https://podcasts.apple.com/us/podcast/zero-to-unicorn/id1685311966 Book Recs: No Rules Rules: Netflix and the Culture of Reinvention a.co/d/0fGX5WKC The Impatient Entrepreneur's links: Facebook https://www.facebook.com/TheImpatientEntrepreneurPod LinkedIn https://www.linkedin.com/company/theimpatiententrepreneurpod/ Instagram https://www.instagram.com/theimpatiententrepreneurpod/ YouTube https://www.youtube.com/@TheImpatientEntrepreneurPod Online www.theimpatiententreprenerpod.com Connect with us https://www.theimpatiententrepreneurpod.com/contact Kwedar & Co.'s links: Facebook https://www.facebook.com/kwedarco LinkedIn https://www.linkedin.com/company/kwedarco Instagram https://www.instagram.com/kwedarco YouTube https://www.youtube.com/@KwedarCo Online www.kwedarco.com Connect with us: https://www.kwedarco.com/book-consultation --- Send in a voice message: https://podcasters.spotify.com/pod/show/lauren-cockerell/message
SummaryIn today's episode, we had the privilege of hosting Mike Kaeding, CEO of Norhart, who shared his transformative approach to disrupting the construction space. Mike's company is driving a 20-30% reduction in construction costs with a vision to achieve 50% reduction. By integrating all trades under one roof and implementing revolutionary techniques like the assembly line, they're building affordable housing at scale. More than just tech, Mike's insights on recruiting rockstar employees and building a values-aligned culture are invaluable. Takeaways·Construction costs can be substantially reduced, leading to affordable housing for all.·Bringing all the work under one roof and applying revolutionary techniques improves efficiency and reduces project timelines.·Coordination and collaboration between trades are crucial to avoid delays and maximize productivity.·Recruiting top talent and building a strong culture are essential for long-term success. Chapters00:34 Reducing Construction Costs01:15 Bringing Work Under One Roof03:03 Coordination and Efficiency04:42 Benefits of Controlling the Process05:17 Collaboration and Recruitment06:27 Building a System07:52 Overcoming Challenges08:17 Transition to Vertical Integration09:17 Learning and Improvement10:03 Short-Term Pain for Long-Term Gain11:14 Making a Meaningful Impact12:45 Learning from Other Industries15:39 Recruiting Top Talent Connect With Mike:Website: https://www.norhart.comLinkedIn: https://www.linkedin.com/in/mikekaeding Support Titans of the Trades: If you found this episode insightful, please subscribe, share, and leave a review for Titans of the Trades. Your support goes a long way in helping us bring more impactful discussions your way.
When Mike Kaeding stepped into his father's shoes at Norhart, he wasn't just taking over a family business; he was shouldering a legacy of innovation and community commitment. This episode peels back the layers of Mike's journey from reluctance to leadership, against the backdrop of a company that's not only reshaping the construction industry but also making housing affordability its battle cry. Be prepared to navigate through Mike's personal trials, including a pivotal family crisis in Peru, and witness how these experiences have fueled Norhart's mission to slash construction costs and rent burdens for families everywhere. The blueprint of property development is rife with challenges, but it also offers lessons in resilience and the power of forging strong local alliances. My own tale of Emberwood Apartments serves as the foundation for a candid discussion on the intricacies of managing city council relationships, overcoming skepticism, and the critical importance of adaptability—especially when faced with a busted water main! We unpack Norhart's strategy to revolutionize affordable housing and address some burning industry questions, from the competitive edges of AI and 3D printing to the secrets behind our cost-effective staffing and operational tactics. Innovative practices are the scaffolding of today's construction landscape, and in this episode, we're not afraid to climb to new heights with discussions on manufacturing technologies, skilled tradesmen shortages, and how we're fostering a tech-like company culture. As we hammer in the final nails, I share our exciting foray into community building and investment opportunities through Norhart Invest, where anyone can help erect a more progressive world. It's a heartfelt conversation that culminates with investment insights from Mike, and it's packed with stories of ingenuity and passion, serving as a blueprint for listeners who are building their own dreams. Join us to uncover the entrepreneurial spirit that constructs more than just buildings—it builds communities. We're happy you're here! Like the pod? Visit our website! Check out our sponsor PitchDB! Start your trial on Simplified!
Part 2 of 2 Mike Kaeding: Solving the Housing Crisis: Can Construction = Conscious Capitalism? . The American Dream of homeownership has been a symbol of prosperity, stability, and success for generations. Unfortunately, that dream is becoming increasingly difficult for many Americans to achieve. . Major institutional investors such as BlackRock, State Street, Vanguard, and Blackstone have negatively impacted housing affordability. By purchasing single-family homes in bulk, these firms are making it more challenging for average Americans to afford homes or find affordable rental properties. High home prices, elevated mortgage rates, and limited inventory make it increasingly difficult for many Americans to afford homes. . It's time to address this crisis and work towards ensuring that the American Dream of homeownership is attainable for all. But how? . That's what we are examining over the new two episodes, and no, we are not speaking with a theorist but rather someone who has rolled up his sleeves and has boots on the ground making it happen. . Mr. Mike Kaeding, CEO of Norhart. Mike Kaeding, CEO of Norhart, a $200 million Real Estate business with over 250 employees based in Minnesota. He's a man on a mission to solve America's housing shortage by transforming the way apartments are built and managed, and he's the host of the Zero To Unicorn Podcast. . Website https://www.norhart.com/ . Social Media https://www.linkedin.com/in/mikekaeding/overlay/contact-info https://www.instagram.com/mikekaeding https://twitter.com/mikekaeding . Part 2: Can Construction = Conscious Capitalism? At The Mercy of Venders - When They Triple Your Costs Two Years and Massive Losses Later Let's Change Everything Reversing The "Progress" Model When Toyota Efficiency Comes to Minnesota Under One Roof - A Radicle Concept Firing Bullets Lego Construction Moving Toward Full Volumetric Construction The Disney Approach to Construction Confronting and Eliminating The Talent Shortage Why It's Cheaper to Pay More and Hire The Best Only 30% Make The Pass Values in an Industry That's Never Hired For Them The Secret to Scaling Committing To A Global Impact Can Construction = Conscious Capitalism? Bringing Down Costs By 50%...Impossible? . Dov Baron's brand new course has just been released on coursifyx.com/belonging ------------- . Titled: "CREATING A CULTURE OF BELONGING." The course is separated into eight sections that will take you by the hand and walk you through exactly how to create a culture of belonging. . Because: CREATING A CULTURE OF BELONGING MAXIMIZES PERSONAL AND CORPORATE SUCCESS. Get Ready to strap on the tanks and Dive Deep into, What it Takes to Create a Culture of Belonging in your organization! Curious to know more? coursifyx.com/belonging . "Those Who Control Meaning for The Tribe, Also Control The Movement of That Tribe" #videopodcast #leadership #leadershipdevelopment #emotionsourcecode #neuroscience #emotional #meaning #emotional #logic #culture #curiosity #humanbehavior #purpose
Part 1 of 2 Mike Kaeding: Solving the Housing Crisis by Transforming the Building Industry! The American Dream of homeownership has been a symbol of prosperity, stability, and success for generations. Unfortunately, that dream is becoming increasingly difficult for many Americans to achieve. Major institutional investors such as BlackRock, State Street, Vanguard, and Blackstone have negatively impacted housing affordability. By purchasing single-family homes in bulk, these firms are making it more challenging for average Americans to afford homes or find affordable rental properties. High home prices, elevated mortgage rates, and limited inventory make it increasingly difficult for many Americans to afford homes. It's time to address this crisis and work towards ensuring that the American Dream of homeownership is attainable for all. But how? That's what we are examining over the new two episodes, and no, we are not speaking with a theorist but rather someone who has rolled up his sleeves and has boots on the ground making it happen. Mr. Mike Kaeding, CEO of Norhart. Mike Kaeding, CEO of Norhart, a $200 million Real Estate business with over 250 employees based in Minnesota. He's a man on a mission to solve America's housing shortage by transforming the way apartments are built and managed, and he's the host of the Zero To Unicorn Podcast. Website https://www.norhart.com/ Social Media https://www.linkedin.com/in/mikekaeding/overlay/contact-info https://www.instagram.com/mikekaeding https://twitter.com/mikekaeding Part 1: Solving the Housing Crisis with Zero Days To Grieve Philanthropy In The Face of Life-Threatening Danger Is My Dad Jason Bourne? Peruvian Adventures Philanthropy and Corporation Not My Business, Not My Path, Ego and Family Business Losing Trust in Humanity The Crib on a Construction Site Returning to Purpose and Confronting Ego Losing His Father Zero Days to Grieve When No One Believes in You, and When Someone Does! Innovative Destruction Billion-Dollar Impact On The World Dov Baron's brand new course has just been released on coursifyx.com/belonging ------------- Titled: "CREATING A CULTURE OF BELONGING." The course is separated into eight sections that will take you by the hand and walk you through exactly how to create a culture of belonging. Because: CREATING A CULTURE OF BELONGING MAXIMIZES PERSONAL AND CORPORATE SUCCESS. Get Ready to strap on the tanks and Dive Deep into, What it Takes to Create a Culture of Belonging in your organization! Curious to know more? coursifyx.com/belonging . "Those Who Control Meaning for The Tribe, Also Control The Movement of That Tribe" #videopodcast #leadership #leadershipdevelopment #emotionsourcecode #neuroscience #emotional #meaning #emotional #logic #culture #curiosity #humanbehavior #purpose
This is 'Entrepreneur's Edge' - a Norhart podcast. In these episodes, we aim to help budding entrepreneurs on their journey to success, with tips, advice and fun along the way.SummaryRyan Atkinson, co-founder of Spacebar Visuals and Magic Media, shares his journey of starting his own businesses while working full-time. He discusses the challenges of getting the first client and the strategies he used, such as email automation and LinkedIn outreach. Ryan emphasizes the importance of having a clear plan and hitting specific metrics before quitting a full-time job to focus on the business full-time. He also highlights the benefits of having a co-founder and the day-to-day ups and downs of running a business. Ryan concludes by sharing his contact information and offering a special discount for listeners.TakeawaysStarting a business while working full-time requires effective time management and organizational skills.Email automation and LinkedIn outreach can be effective strategies for getting clients.Setting specific metrics and goals can help determine when to quit a full-time job and focus on the business full-time.Having a co-founder with complementary skills and experience can be beneficial for the success of the business.Running a business involves both ups and downs, but a passion for the business can make the journey rewarding.http://www.norhart.com/investhttps://www.spacebarvisuals.com/ Beat the banks! Interested in earning up to 8.5% interest? Visit Norhart Invest to learn more!
In this episode, Mike Kaeding, CEO of Norhart, shares his experiences of growing his company, emphasizing the importance of hiring the right people and adjusting roles to employees' strengths. He discusses the implementation of standard operating procedures, strategies for reducing construction costs, and handling scaling production challenges. Additionally, he shares insights on raising capital, managing multiple businesses, and the crucial role of mindset in achieving success.
This is 'Entrepreneur's Edge' - a Norhart podcast. In these episodes, we aim to help budding entrepreneurs on their journey to success, with tips, advice and fun along the way.SummaryIn this conversation, Roy Osing shares his secrets to building a billion-dollar sales force. He emphasizes the importance of creating a just-about-right strategy that focuses on execution rather than theoretical perfection. Osing discusses the three key questions to ask when defining a strategy: determining growth objectives, identifying customer segments, and understanding how to compete and win. He also highlights the significance of leadership by serving around and translating strategy for every function in the organization. Osing explains the need to shift from a product-focused approach to problem-solving and building long-term customer relationships. In this conversation, Roy Osing shares insights on differentiating a business through behavioral factors and building authentic relationships with customers. He emphasizes the importance of hiring employees who genuinely love people and creating a recruitment process that identifies this trait. Roy also discusses the role of marketing in creating personalized experiences and driving customer cravings. He shares his experience transitioning from voice to data services and the importance of releasing latent power in employees to drive execution and excitement.TakeawaysBuilding a successful sales force requires a just-about-right strategy that prioritizes execution over theoretical perfection.To define a strategy, ask three key questions: determine growth objectives, identify customer segments, and understand how to compete and win.Leadership by serving around and translating strategy for every function in the organization is crucial for success.Shifting from a product-focused approach to problem-solving and building long-term customer relationships is essential for sustainable growth. Differentiate your business through behavioral factors and authentic relationships.Hire employees who genuinely love people and create a recruitment process that identifies this trait.Marketing should focus on creating personalized experiences and driving customer cravings.Transitioning from one service to another requires a focus on retaining and growing existing customers.http://www.norhart.com/investhttps://www.bedifferentorbedead.com Beat the banks! Interested in earning up to 8.5% interest? Visit Norhart Invest to learn more!
Imagine halving your rent or mortgage payment. Join guest host Lance Pederson as he talks to Mike Kaeding, CEO of Norhart, about making this dream a reality. Mike, who transformed a family business into a $200 million empire, unveils his daring plan to revolutionize affordability in the construction industry.Here are 3 takeaways you won't want to miss:Discover Mike's innovative approach to slashing construction costs by 50%. Learn how his symphony of talent, including in-house plumbing, engineering, and architecture, fosters a culture of problem-solving and continuous improvement.Uncover the secrets to attracting top talent and thriving in a fluctuating market. Mike shares his strategies for building a winning team and navigating the complexities of construction finance.Gain valuable insights on building wealth through real estate syndication. Learn from Mike's experience and equip yourself with the knowledge to succeed in property investment.Ready to explore innovative solutions for affordable housing? Head to Mike Kaeding's website to learn more about Norhart's approach and discover how you can get involved. Don't miss this opportunity to turn your dream of affordable housing into reality!VISIT OUR WEBSITEhttps://lifebridgecapital.com/Here are ways you can work with us here at Life Bridge Capital:⚡️START INVESTING TODAY: If you think that real estate syndication may be right for you, contact us today to learn more about our current investment opportunities: https://lifebridgecapital.com/investwithlbc⚡️Watch on YouTube: https://www.youtube.com/@TheRealEstateSyndicationShow
This is 'Entrepreneur's Edge' - a Norhart podcast. In these episodes, we aim to help budding entrepreneurs on their journey to success, with tips, advice and fun along the way.SummaryIn this conversation, David Pearce shares insights on how to earn more money while taking more time off. He emphasizes the importance of leverage and mindset, suggesting that revenue is not tied to time but to the volume of work per unit of time. He advises optimizing business hours, delegating tasks, and adding more services to increase revenue. Pearce also discusses the process of hiring staff and the importance of investing in oneself. He highlights the significance of defining the purpose and values of a business and learning from successful individuals who have achieved similar goals.TakeawaysLeverage is key to earning more money while taking more time off. It can be achieved through time, money, or any asset available.Revenue is not dependent on time but on the volume of work per unit of time.Optimize business hours and focus on production per hour rather than per week or month.Invest in yourself and continuously learn to improve your skills and add value to your business.Identify successful individuals who have achieved similar goals and learn from them.http://www.norhart.com/investhttps://www.linkedin.com/in/david-r-pearce-dds/ Beat the banks! Interested in earning up to 8.5% interest? Visit Norhart Invest to learn more!
In our latest episode of the Marketing Boost Solutions Podcast hosted by Capt. Marco, join us with another special guest, Mike Kaeding. Discover how to maximize your business growth potential with invaluable insights and a strategic blueprint for success. From cultivating a winning mindset to implementing effective strategies, this episode is your roadmap to success in the world of entrepreneurship. His financial advice and customer engagement tactics are equally valuable for individuals looking to enhance their business acumen and personal wealth. Mike Kaeding, CEO of Norhart, is on a mission to dominate the multifamily industry by delivering the best construction cost-to-value in the industry! Thinking outside the box, analyzing data, and innovative ideas are what Mike is all about. He discusses how he uses Marketing Boost incentives to attract investment and improve customer engagement. He details his company's mission to address America's housing shortage through innovative construction and management of apartments. He also emphasizes the importance of hiring top talent, implementing a trial period for new hires, and offers financial advice on investing in index funds. He concludes by providing tips for renters to save money and underscores the value of customer retention strategies. I'm grateful for the opportunity to share his story and wisdom with you, and I hope you find as much value in these insights as I did. If you haven't checked the full episode yet, go grab your headphones now, and let's get your marketing and business strategies supercharged! Find out more about Mike Kaeding below: www.norhart.com https://www.facebook.com/norhart https://www.instagram.com/fromzerotounicorn/ https://www.linkedin.com/in/mikekaeding/ https://www.norhart.com/shows/ Not a MarketingBoost Solutions member yet? Book a free Brainstorming Session with our team today to learn more about our travel incentives. Click here:https://api.automationbooster.com/widget/appointment/brainstorm-session/mb Whether you are a start-up or a well-established business, you need to have a robust platform to help you scale your business with the ease of automating Marketing Boost travel incentives. Schedule a call with our team to explore what Automation Booster can do for you. Book here: https://api.automationbooster.com/widget/bookings/brainstorm-session/ab
This is 'Entrepreneur's Edge' - a Norhart podcast. In these episodes, we aim to help budding entrepreneurs on their journey to success, with tips, advice and fun along the way.SummaryIn this conversation, Liz Elting, the founder of a billion-dollar business, shares her journey and insights. She emphasizes the importance of surrounding yourself with high-caliber people who challenge you to think differently. Liz discusses how she built her billion-dollar business by following her passion for languages and providing exceptional service to clients. She highlights the need to overcome doubts and naysayers and find the energy and inspiration to move forward. Liz also shares strategies for growing a company in a competitive space and differentiating from competitors. She discusses the challenges of scaling and the importance of learning from mistakes. Finally, Liz talks about her foundation and the importance of giving back, as well as the lessons she would share with her younger self.TakeawaysSurround yourself with high-caliber people who challenge you to think differently.Follow your passion and provide exceptional service to clients.Overcome doubts and naysayers by finding the energy and inspiration to move forward.Differentiate from competitors by offering unique services and solutions.Give back and support causes that align with your values.http://www.norhart.com/investhttp://www.lizelting.comhttps://www.elizabetheltingfoundation.org Beat the banks! Interested in earning up to 8.5% interest? Visit Norhart Invest to learn more!
This is 'Entrepreneur's Edge' - a Norhart podcast. In these episodes, we aim to help budding entrepreneurs on their journey to success, with tips, advice and fun along the way.SummaryIn this conversation, Mike Kaeding interviews Dai Manuel, a former partner and CEO of a multimillion-dollar retail company, about the challenges of scaling a small business. Dai shares his experiences and lessons learned in scaling up his business, including the importance of solving systems and infrastructure issues to maintain productivity. He discusses the challenges of expanding too quickly and the need for careful market research and lease negotiation. Dai also highlights the significance of inventory management and the impact of marketing and targeting the right customers. He emphasizes the importance of finding and retaining the right team and trusting the mentorship process for personal and professional growth.TakeawaysScaling a small business requires solving systems and infrastructure issues to maintain productivity.Expanding too quickly can lead to challenges in inventory management and cash flow.Market research and lease negotiation are crucial when choosing the right locations for expansion.Marketing and targeting the right customers is essential for success.Finding and retaining the right team is key to scaling a business.Trusting the mentorship process can lead to personal and professional growth.http://www.norhart.com/invest Beat the banks! Interested in earning up to 8.5% interest? Visit Norhart Invest to learn more!
This is 'Entrepreneur's Edge' - a Norhart podcast. In these episodes, we aim to help budding entrepreneurs on their journey to success, with tips, advice and fun along the way.Annie Margarita Yang shares valuable insights on how to navigate the job market and earn more money. She emphasizes the importance of understanding the fair market rate for your skillset and experience. By researching salary data online, individuals can determine their worth and negotiate for higher pay. Annie also advises individuals to focus on providing value to their employers and solving their problems to increase their chances of getting a raise. If current employers are unwilling to provide a higher salary, Annie suggests exploring other job opportunities. Additionally, she provides tips on effective job search strategies and the importance of marketing oneself as an expert in the industry. Annie also highlights the significance of saving money to increase wealth and offers practical tips for reducing expenses. Overall, her advice empowers individuals to take control of their financial future and earn what they deserve.TakeawaysResearch the fair market rate for your skillset and experience to determine your worth.Focus on providing value to your employer and solving their problems to increase your chances of getting a raise.Consider exploring other job opportunities if your current employer is unwilling to provide a higher salary.Market yourself as an expert in your industry to stand out during the job search process.Save money by comparison shopping and reducing expenses to increase your overall wealth. Beat the banks! Interested in earning up to 8.5% interest? Visit Norhart Invest to learn more!
Mike Kaeding is CEO of Norhart. They design, build and rent apartments. They are transforming the way this is done by incorporating technologies and techniques that have revolutionized other industries. This has resulted in improved quality and reduced cost of housing. Ultimately, they are committed to solving America's housing shortage and affordability crisis. And in doing so they hope to improve the way we all live. https://www.norhart.com/BRS FB: https://www.facebook.com/bankedouttradioshowBRS IG: https://www.instagram.com/bankedoutt_radio_show/ --- Support this podcast: https://podcasters.spotify.com/pod/show/bankedouttradioshow/support
Mike is setting out to change the real estate world! He is doing this one day at a time. He lives focused on his mission and trusts the process. Hope you enjoy my conversation with Mike! Norhart - https://www.norhart.com/Zero to Unicorn Podcast -https://podcasts.apple.com/us/podcast/zero-to-unicorn/id1685311966"Man's Search for Meaning" - Victor Frankl - https://amzn.to/3RUDLgj YIELD Today Podcast YouTube Channel: https://www.youtube.com/channel/UCEnSRg9lbF5NEjJsWMBbYMgTime Stamps:1:50 - Appearing on KABC in Los Angeles3:20 - Lowering the cost of rent5:00 - When Mike's Dad Got Kidnapped9:30 - My dad's dream11:30 - Feeling Joy 14:30 - Learning From Other Industries19:00 - How Mike Follows The Vision for His Life29:00 - Building a YouTube Channel With His Daughter33:30 - The Start of Norhart and Hopes for the Future Quotes:2:23 - "It takes time but when you become the trusted expert in something that is powerful."9:35 - "You have an amazing dad that has that dream for you."29:00 - "How do I make those two worlds work together as much as I can?"31:00 - "The best employees are way way way better than the average Note: This podcast episode contains affiliate links. This means that when you click on one of the links, I receive a small commission. This helps me keep improving the content for you all. I am always digging to find the best of the best to help you. Of course, it's your choice, but I stand behind what I promote and hope it is helpful for you, too! Thanks for listening!Support the show
Venture into the realm of innovative solutions to the housing affordability crisis with me, Ryan DeMent, as I engage with the visionary CEO of Norhart, Mike Kaeding. Discover how a personal tragedy propelled Mike to lead his family's business and how his transformative strategies are not only cutting construction costs but also creating ripples of change in the lives of numerous Americans. This episode is a profound look at the intersection of personal growth and industry-wide impact, where the journey from loss to leadership unfolds alongside trailblazing approaches to building efficiency.As we navigate the complexities of the construction world, prepare to be intrigued by the stories of adversity and the ingenious solutions that follow. Imagine redefining the building process through assembly line techniques or the insider perspective of a framer witnessing the tangible benefits of such innovations on-site. We tackle the nitty-gritty details of dealing with subcontractor disputes, measurement inaccuracies, and the challenge of scaling operations while maintaining affordability. It's a narrative about precision, perseverance, and the collective effort to enhance the very framework of our living spaces.Wrapping up, the conversation pivots to the broader implications of relentless pursuit in business and personal endeavors. Embrace the ethos of continuous learning that powers self-improvement and the entrepreneurial spirit that drives us to transcend conventional boundaries. From the inspiring tales of industry titans to the decade-long persistence of a filmmaker who redefined a beloved franchise, this episode is an homage to the indomitable will that shapes successes in real estate and beyond. Join us to explore these transformative journeys and the lessons they impart.Buzzsprout - Let's get your podcast launched! Start for FREEDisclaimer: This post contains affiliate links. If you make a purchase, I may receive a commission at no extra cost to you.Support the showThanks for Listening! Follow us on Tik Tok Facebook and Instagram
A home costs money and everyone deserves one. There should be affordable housing for all. Sadly, this isn't the case in certain places. It's not an issue that will be solved in short order but there are ways to make an immediate impact. Mike Kaeding eventually took over the family business but it took some convincing. He always wanted to use what he had to make an impact in the world but wasn't sure how to do it. It turns out that the construction industry was a great place to do it. Mike is the leader of Norhart a builder that is determined to drive down the costs of construction and offer more affordable housing solutions. Mike talks about how they plan on doing that and what critical events in his life led to his current position. You can find show notes and more information by clicking here: https://www.bobdepasquale.com/podcast/mikekaeding
Mike Kaeding, CEO of Norhart - a company revolutionizing the apartment industry. After an unexpected tragedy, Mike took the reins of the family business and transformed it by incorporating innovative technologies and efficiencies. Their unique approach has solved chronic construction inefficiencies, resulting in high-quality, cost-effective projects. Mike's mission is to solve America's housing shortage and improve the way people live. Mike's website: https://www.norhart.com/ Freedom Accelerator Free Course: https://www.successgridacademy.com/cb47ed71 SuccessGrid Instagram: https://www.instagram.com/successgridofficial/ Show notes: https://successgrid.net/sg185/ If you love this show, please leave a review. Go to https://ratethispodcast.com/successgrid
After taking over his father's construction business, Mike Kaeding, CEO of Norhart, is out to solve the housing affordability crisis. His solution? Revolutionizing apartment building construction through an assembly line system with an in-house team of builders.Learn more about Norhart at https://www.norhart.com/.The Construction Pals podcast is brought to you by BlueTape, your source for the latest in the construction world. Don't forget to subscribe for more episodes like this.For more information on this podcast and BlueTape, please visit BlueTape.com.Be sure to follow us on... Facebook Instagram Twitter LinkedIn YouTube Alignable
Buckle up, Kings & Queens! This episode features the game-changing Mike Kaeding, the powerhouse CEO of NORHART. Forget what you think you know about the construction industry; Mike is rewriting the rules. Once thrust into leadership after the sudden loss of his father, Mike rose from struggle to innovation, transforming the way apartments are built and managed. With a background in computer science and accounting, he's applied unconventional wisdom to solve chronic inefficiencies in construction. His mission? To revolutionize residential real estate by making high-quality, cost-effective projects the new standard. This dude is on fire!We dive deep with Mike on an array of topics. From slashing housing industry costs by half to redefining legacy by following his father's footsteps in a unique way. If you've ever struggled with failure, his insights are the kickstart you need.. So stop what you're doing and hit that play button. Trust us, you won't want to miss this.During this episode, you will learn about;00:00 Introduction01:16 What Mike's business does04:03 Mike's burning desire07:29 Mike's view on carrying the torch of his father, and raising his own children13:20 The importance of figuring out what YOU really want in life17:00 How Mike builds a team of A players24:35 A bad decision Mike made in business 32:52 Mikes advice if you don't feel like you're enough36:46 Striving vs. Thriving40:26 Mike on living for a larger purpose43:08 How Mike's business is driving down costs for housing45:29 Mikes advice to his younger self46:21 How to connect with Mike47:48 How to connect with Chaz & Gathering The Kings Books and Resources Recommended:Multipliers by Liz Wisemanhttps://www.amazon.com/Multipliers-Best-Leaders-Everyone-Smarter/dp/0061964395Let's Connect!Mike Kaeding:Instagram: https://www.instagram.com/norhartinc/LinkedIn: https://www.linkedin.com/company/norhart/Facebook: https://www.facebook.com/norhartLinkedIn: https://www.linkedin.com/in/mikekaeding/Website: https://www.norhart.com/Chaz Wolfe (Host): Linktree: https://linktr.ee/chazwolfeWebsite: www.gatheringthekings.comFacebook: https://www.facebook.com/chazwolfe/Facebook: https://www.facebook.com/gatheringthekingsInstagram: https://www.instagram.com/gatheringthekings/LinkedIn: https://www.linkedin.com/in/chaz-wolfe-86767054/Linkedin: https://www.linkedin.com/company/91415421/TikTok: https://www.tiktok.com/@chazwolfe_kingsFor more information on Gathering The Kings Peer to Peer Mastermind Group:https://go.oncehub.com/TheExceptionalLifeIf you liked this episode, please LIKE, SUBSCRIBE, drop us a REVIEW, and share with your friends. We appreciate you, and your support enables us to keep bringing you the goods on the show!#business #podcast #entrepreneur #entrepreneurship
In this episode, Mike Kaeding, the visionary CEO behind Norhart, shares how the company is reshaping the landscape of apartment development and management while continuing to delivering projects of exceptional quality at cost-effective rates. Mike's journey into the family business took an unexpected turn when his father, the founder, passed away prematurely. Suddenly shouldering the weight of leadership, Mike found himself navigating uncharted territory in an industry where established norms were absent. His challenges reached a critical point when the city temporarily shuttered operations, a moment that shook his world. However, this adversity became the catalyst for Norhart's transformative journey. With a fresh perspective, Norhart embarked on a mission to tackle longstanding inefficiencies in construction. Cultivating an inviting and distinctive culture within the construction sector, they assembled a team of top-tier talent. Together, they addressed persistent issues, drawing on manufacturing principles and uniting traditionally separate trades. The result? Projects of superior quality at reduced costs. This is a great listen for any business owner, whether you're just getting started or you're a seasoned entrepreneur. So press play right now and enjoy this fun and informative conversation with Mike Kaeding.
Interview with Mike Kaeding, who is CEO of Norhart. They design, build and rent apartments. They are transforming the way this is done by incorporating technologies and techniques that have revolutionized other industries. This has resulted in improved quality and reduced cost of housing. Ultimately, they are committed to solving America's housing shortage and affordability crisis. His web site is https://www.norhart.com/
In this episode, Mike Kaeding reveals his unconventional yet highly effective business strategies that paved his path to success. Tune in to hear about how he spearheads a groundbreaking revolution in the construction industry plus his inspiring journey of entrepreneurial innovation and social impact.Key Takeaways to Listen forBest business practices entrepreneurs should rememberTop recruitment strategies for hiring the best employeesWhat is the mission of Norhart?Creative solutions for bridging the financial gap in constructionWhy it's a good time to develop properties in 2024Resources Mentioned in This EpisodeHarvardNetflixThe BatmanApartment Syndication Due Diligence Checklist for Passive Investor About Mike KaedingMike is a 200 million dollar residential real estate developer solving the US housing affordability crisis. He is the CEO of Norhart - a company that designs, builds, and rents apartments. Mike's parents started their family business. However, just a few years after joining the business, Mike's father unexpectedly passed away. Then, Mike had to take over. He struggled at first but eventually found the pull-through. With a mission to solve South America's housing shortage, Mike now leads the company in transforming how apartments are built and managed. And in doing so, we will improve the way we all live.Connect with MikeWebsite: NorhartPodcast: Zero to Unicorn on Apple PodcastsTo Connect With UsPlease visit our website: www.bonavestcapital.com, and please click here, to leave a rating and review!SponsorsGrow Your Show, LLCThinking About Creating and Growing Your Own Podcast But Not Sure Where To Start?Visit GrowYourShow.com and Schedule a call with Adam A. Adams
Mike Kaeding is husband to Alyssa, and father to Claire and Emma, and CEO of Norhart, a $200M residential real estate company that designs, builds and rents apartments. Norhart's purpose is to solve America's housing affordability crisis by reducing the cost of construction. To learn more about Mike, check out the following links: Norhart Website & Podcasts: https://www.norhart.com Facebook: https://www.facebook.com/mikeskaeding Instagram: https://www.instagram.com/mikekaeding/ LinkedIn: https://www.linkedin.com/in/mikekaeding/ Twitter: https://twitter.com/mikekaeding
Welcome to "Give a Heck"! In this informative episode, Dwight welcomes Mike Kaeding, CEO of Norhart. The conversation uncovers Mike's inspiring origin story, where his parents embarked on the real estate journey, navigating challenges like financial setbacks due to a deal in Peru that went awry. These challenges led Mike's father to take on multiple jobs to support the family during trying times. Tune in to gain insights into the resilience and determination required to overcome adversity and drive innovation in the real estate and housing sector. In this episode, you'll learn about… Taking the Helm: A CEO's Journey After a Family Tragedy Leadership Lessons: Honesty and Open Communication in Business Resilience and Determination: Overcoming Challenges in Real Estate Development Success, Wealth, and the Value of Exceptional Talent Innovations in Affordable Housing: Transforming Construction Practices And so much more! About Mike Kaeding: Mike Kaeding is the Chief Executive Officer (CEO) of Norhart, a company focused on revolutionizing the multifamily housing industry by providing superior construction cost-to-value ratios. As a visionary leader, Mike is driven by a mission to achieve accelerated growth and excellence in the multifamily sector. He is known for his innovative thinking, data analysis skills, and a commitment to delivering outstanding value to the industry. Mike's approach involves thinking outside the box and implementing innovative ideas to make a significant impact on the housing and construction landscape. His leadership aims to bring about positive change and efficiency within the company and the industry as a whole. Connect with Mike Kaeding on… Website: www.norhart.com Facebook https://www.facebook.com/norhart Facebook: https://www.facebook.com/mikeskaeding Instagram: https://www.instagram.com/fromzerotounicorn/ Instagram: https://www.instagram.com/mikekaeding/ LinkedIn: https://www.linkedin.com/in/mikekaeding/ Connect with Dwight Heck! Website: https://giveaheck.com (Free Book Offer) Instagram: https://www.instagram.com/give.a.heck Facebook: https://www.facebook.com/dwight.heck Facebook Group: https://www.facebook.com/groups/Giveaheck YouTube: https://www.youtube.com/channel/UCF0i LinkedIn: https://www.linkedin.com/in/dwight-raymond-heck-65a90150/
In this episode, I was lucky enough to interview the great Mike Kaeding, CEO of Norhart, a real estate development company that specializes in designing, building, and renting apartments while prioritizing affordability in housing.Mike's childhood was closely tied to the company, with his parents founding it in Minnesota. However, when life took an unexpected turn, Mike was thrust into the CEO position.Mike shared Norhart's strategies for success, emphasizing the importance of building relationships with their audience through content creation, podcasts, and influencer marketing. His dual role as a strategic planner and mentor for new initiatives underscores Norhart's dedication to innovation and growth, emphasizing the significance of finding the right individuals to drive these initiatives to success.Buckle your seatbelts, and let's take a flight to Minnesota for yet another enriching episode with Mike Kaeding!Guest Info:Norharthttps://www.norhart.com/Mike Kaeding's LinkedInhttps://www.linkedin.com/in/mikekaeding/Connect with Jay on LinkedInhttps://www.linkedin.com/in/jayaigner/The First Customer Youtube Channelhttps://www.youtube.com/@thefirstcustomerpodcastThe First Customer podcast websitehttps://www.firstcustomerpodcast.comFollow The First Customer on LinkedInhttp://www.linkedin.com/company/the-first-customer-podcast/
Episode page with transcript, links, and more: https://leanblog.org/486 My guest for Episode #486 of the Lean Blog Interviews Podcast is Mike Kaeding, the CEO of Norhart. They design, build, and rent apartments. They are transforming the way this is done by incorporating technologies and techniques that have revolutionized other industries. This has resulted in improved quality and reduced cost of housing. Ultimately, they are committed to solving America's housing shortage and affordability crisis. And in doing so they hope to improve the way we all live. He was previously (May 2023) a guest with me on the My Favorite Mistake podcast. In today's episode, learn how Kaeding's company, Norhart, applies Lean practices to uplift the housing sector. Their compelling ambition to bridge the labor productivity gap between manufacturing and construction industries lies at the heart of their Lean journey. From their unique recruitment strategies to their effective lean techniques, Norhart aspires to reshape the housing industry. Kaeding outlines their intrusion on tradition by focusing on continuous improvement rather than mere experience. Discover how their Lean approach emphasizes flow in both construction processes and material delivery, spotlighting Norhart's determination to overhaul established construction norms. Questions, Notes, and Highlights: High-reaching mission — similar to Toyota “The way we've always done it”?? How do you encourage everybody to get past that? Hiring people who are willing to be different? How to do that? How do you then maximize their potential? The appeal of culture in hiring and recruiting? Netflix “keeper test”? “We want that person to be happier with us after firing…” How to balance the right timing of hiring with growth? Balancing jobs — cycle times and flows across trades? Material flow and synchronizing that Toyota helping you on JIT — how to find this balance with long lead time or bad availability?? Mike on the My Favorite Mistake podcast What's your Lean origin story? For you and Norhart? “Not knowing what I'm doing…” was a benefit Working with TSSC? How did they help you frame or choose that initial problem to solve? “Problems are not a bad thing” Your role as CEO? Creating that psychological safety? Wanting to be the best at what you do? You as a CEO? What does that mean to you? The podcast is sponsored by Stiles Associates, now in its 30th year of business. They are the go-to Lean recruiting firm serving the manufacturing, private equity, and healthcare industries. Learn more. This podcast was also brought to you by Arena, a PTC Business. Arena is the proven market leader in Cloud Product Lifecycle Management (PLM) with over 1,400 customers worldwide. Visit the link arenasolutions.com/lean to learn more about how Arena can help speed product releases with one connected system. This podcast is part of the #LeanCommunicators network.
In this episode, Mike Kaeding, CEO of Norhart, joins the podcast to discuss the important topic of affordable housing. Mike shares his background and his mission to drive down housing costs by solving construction costs. He believes in achieving a 50% reduction in housing expenses, which would have a significant impact on people's rent or mortgage payments. Mike's passion for making a positive impact led him to embrace the family business and use it as a platform to create meaningful change in the world. Tune in to learn more about the potential future of affordable housing.Black Mammoth We believe everyone deserves the opportunity to build, protect and enjoy their wealth.Disclaimer: This post contains affiliate links. If you make a purchase, I may receive a commission at no extra cost to you.We appreciate you tuning in, want to learn more about us!?Subscribe to our youtube channel Follow us on Tiktok, Instagram, TwitterFollow Stoy:Twitter, FaceBook, Instagram, TiktokResearch our companies or partners:blackmammoth.com
Welcome back to Part 2 of our captivating podcast series, where we continue our deep exploration of innovation in an often-overlooked domain – the world of apartments. Join us as we reconnect with Mike Kaeding, CEO of Norhart, a visionary company that's turning the apartment industry upside down through data-driven technologies and efficiency strategies.In this episode, we pick up where we left off, starting with Norhart's unique differentiation at 00:12. Discover the technology breakthroughs that have finally arrived at 02:55 and how data plays a pivotal role in reshaping apartment living (explored at 09:08). Dive into the concept of smart apartments (10:38) and the fascinating journey of "I Told You So" at 17:41.But the learning doesn't stop there. Mike shares insights into continuous learning (18:35) and how embracing "No Rules Rules" (20:40) can foster innovation and growth.Connect with Mike Kaeding on LinkedIn [linkedin.com/in/mikekaeding] and explore Norhart's groundbreaking work on their website [http://norhart.com]. For the full podcast episode, visit [https://podcasts.apple.com/us/podcast/zero-to-unicorn/id1685311966].Are you passionate about data-driven innovation and eager to share your insights on the Making Data Simple Podcast? Reach out to us at almartintalksdata@gmail.com and let us know why you should be our next featured guest. Hosted by Al Martin, WW VP Technical Sales at IBM, our podcast simplifies the world of data, presenting the latest data trends in an engaging, enjoyable manner.00:12 Norhart Differentiation02:55 Finally! The Technology09:08 Data10:38 Smart Apartments17:41 What to do with I Told You So18:35 Continuous Learning20:40 No Rules RulesLinkedIn: linkedin.com/in/mikekaedingWebsite: http://norhart.comPodcast: https://podcasts.apple.com/us/podcast/zero-to-unicorn/id1685311966
Join us for Part 1 of our podcast series, where we embark on an exploration of innovation in apartment design and management through the lens of data. Meet Mike Kaeding, CEO of Norhart, a visionary company that's reshaping the apartment industry by incorporating data-driven technologies and efficiency strategies from other sectors.In this episode, we dive deep into Mike's remarkable journey, commencing at 02:01. Discover how he transformed challenges into opportunities, unveiling the concept of the "Apartment Assembly Line" and the incredible efficiency of 5-hour construction crews while maintaining top-tier quality (explored at 13:30).But data isn't just a buzzword here – we also explore the impact of city processes on data-driven innovation (19:38), how talent leverages data for change management (23:26), and strategies for retaining top data-driven talent (35:28).Connect with Mike Kaeding on LinkedIn [linkedin.com/in/mikekaeding] and learn more about Norhart's groundbreaking data-driven initiatives on their website [http://norhart.com]. For the full podcast episode, visit [https://podcasts.apple.com/us/podcast/zero-to-unicorn/id1685311966].Are you eager to share your own data-driven innovation journey on the Making Data Simple Podcast? Reach out to us at almartintalksdata@gmail.com and let us know why you should be our next featured guest. Hosted by Al Martin, WW VP Technical Sales at IBM, our podcast simplifies the world of data, presenting the latest data trends in an engaging, enjoyable manner.02:01 Meet Mike Kaeding05:42 Turning Dilemma into Opportunity11:05 The Apartment Assembly Line 13:30 5 Hour Crews and Quality19:38 What about City Processes?23:26 Change Management via Talent 35:28 Keeping Top TalentLinkedIn: linkedin.com/in/mikekaedingWebsite: http://norhart.comPodcast: https://podcasts.apple.com/us/podcast/zero-to-unicorn/id1685311966
The real cost-cutter may not be what you think. In this episode, our special guest is Mike Kaeding, the CEO of Norhart, who is revolutionizing the multifamily market with their groundbreaking approach to construction projects. Mike's unwavering commitment to placing the right people in the right positions led him to hire a remarkable team of 16 in-house recruiters. Today, he shares the importance of having the right people and how it helped Nohart achieve cost reductions that transformed the construction industry. He discusses why it's crucial for organizations to have an in-house recruiter who truly understands their culture and is dedicated to bringing in top talent. Say goodbye to outsourced recruiters and embrace this powerful idea. And that's just the tip of the construction cane, as Mike also reveals his ambitious mission of driving down costs by a jaw-dropping 50%, starting with a 20-30% reduction! Don't miss out, as Mike leads in reshaping the industry. Tune in now!
Mike Kaeding dreams big, works hard, and knows his life's vision. Every minute counts, and he strives to never waste a single one. As CEO of Norhart, he leads with this philosophy for success. Top 3 Value Bombs 1. Ignorance can lead to asking unique questions, exploring new perspectives, and discovering innovative approaches. Embracing ignorance can open doors to unexpected possibilities and drive significant impact. 2. Dream big and work hard; even if you do not reach the exact target, you will still surpass what you would have achieved with smaller goals. 3. The key was having the right people to make the impact we aspired to achieve. Hire the best. Visit and experience Noharts Apartments. Creating a better way for people to live - Norhart Website Sponsors HubSpot HubSpot's integrated AI tech is helping teams of all types and sizes automate the more tedious parts of running a business. Learn more and get started today at HubSpot.com Belay Get Belay's Ultimate Guide to Working with a Virtual Assistant today! Just text FIRE to 55123 to get started
Mike Kaeding dreams big, works hard, and knows his life's vision. Every minute counts, and he strives to never waste a single one. As CEO of Norhart, he leads with this philosophy for success. Top 3 Value Bombs 1. Ignorance can lead to asking unique questions, exploring new perspectives, and discovering innovative approaches. Embracing ignorance can open doors to unexpected possibilities and drive significant impact. 2. Dream big and work hard; even if you do not reach the exact target, you will still surpass what you would have achieved with smaller goals. 3. The key was having the right people to make the impact we aspired to achieve. Hire the best. Visit and experience Noharts Apartments. Creating a better way for people to live - Norhart Website Sponsors HubSpot HubSpot's integrated AI tech is helping teams of all types and sizes automate the more tedious parts of running a business. Learn more and get started today at HubSpot.com Belay Get Belay's Ultimate Guide to Working with a Virtual Assistant today! Just text FIRE to 55123 to get started
Episode 73! Meet Mike Kaeding. Mike joined his family's real estate business with the intention to not stay for long. Those plans changed quickly when the owner of the business, Mike's father, passed away suddenly, leaving Mike to step up and lead the family business. A business he knew very little about! Mike struggled, learned and grew. Those struggles led the business to face one challenge after another and Mike continued to take one more step and solve the next problem. His determination ultimately resulted in the business surviving and then, the fun started as Mike began applying best practices and lessons learned in other industries to set his company apart. Specifically, he focused on building a strong company culture and in-sourcing as much of the work as possible rather than use here today, gone tomorrow subcontractors. That strategy has paid dividends as engaged, valued and heard employees began improving the business one project at a time. Now, Mike is focused on transforming how housing is built to make it more affordable for all. Tune in to hear how he did it!------------------------------------------------Connect with Mike Kaeding and his real estate company Norhart here:https://www.norhart.com/Thanks for listening! Eric Sardina Executive Life Coaching Feeling stuck, empty or out-of-sync at work, at home, or in your relationships? As a business and life coach, I help individuals work through these feelings towards authentic lives of meaning and purpose. I also work with organizations to optimize their teams and individual contributors. Interested in working with me or learning more? Connect with me below: Website: https://www.ericsardina.com - book a free, 15-minute strategy session. https://calendly.com/ericsardina/8-session-authentically-you-discovery-call-website-linkFollow me on: Instagram: @Eric_sardina26.2 Facebook: Eric SardinaLinkedIn: https://www.linkedin.com/in/ericsardina/ Affiliate: LMNT hydration drink mix: get a free sample pack with your first order by using this link: http://elementallabs.refr.cc/ericsardina
As the journey comes to an end, one question remains. Will Norhart achieve unicorn status?Norhart's vision has propelled the company beyond the pursuit of profit, guiding them towards eventually making a billion-dollar impact in both the business world and the broader community. It's led to a positive change in the housing crisis, but more work still needs to be done to achieve their dream.In this final chapter of Zero to Unicorn, you'll see the best of what Norhart has to give to the world, how its vision will shape its future, and a glimpse at a unicorn in the making. Beat the banks! Interested in earning up to 8.5% interest? Visit Norhart Invest to learn more!
In this episode, Jim is joined by the visionary CEO of Norhart, Mike Keading. Mike shares his experiences of taking over his father's business at a young age and facing numerous challenges along the way. From being shut down by city officials to dealing with project setbacks, Mike's story is a testament to the power of persistence, confidence, and embracing adversity. Tune in as they explore the valuable lessons learned on the path to success. Key Takeaways: The power of connection: the importance of building meaningful relationships and fostering connections in both personal and professional spheres. Mike reflects on the challenging moments he faced while running his father's business after his sudden passing, realising that adversity can be a catalyst for personal growth and resilience. The approach that has the potential to revolutionise the rental and homeownership landscape, making housing more affordable for everyone Mike emphasises the significance of perseverance and taking step after step, even when immediate success may not be evident Join Jim Oliver and Mike Keading in this engaging conversation as they explore the intersection of affordable housing, personal growth, and creating a positive impact on society. Note: Mike suggests reading "No Rules Rules" by Reed Hastings, stressing the power of hiring the very best people to drive exponential growth. Jim expresses interest in the book and recommends "The Go-Giver" by Bob Berg as a must-read for its impactful insights on giving and success.
How important is company culture? Turns out, it's vital. In this episode, we explore the turning point in Norhart's pursuit for unicorn status. Mike Keading, CEO of Norhart, shares how he has applied the efficient strategies of a major automobile manufacturer to Norhart's construction projects, as well as how he has empowered Norhart employees to pivot with the company to begin to overcome their problems.Norhart values respect, support, and humility, creating an environment different from a typical construction site. Employees are encouraged to advance as quickly as possible, empowering them to grow and learn so there's higher performance and more valuable work.But even with these accomplishments, Norhart still fights an uphill battle. Hear how a company positioned to achieve Unicorn status positions themselves when facing financial obstacles and scaling their business.In this penultimate chapter, you'll witness Norhart's resilience through their willingness to bring in consultants, question current practices, and learn from the mistakes of others. Beat the banks! Interested in earning up to 8.5% interest? Visit Norhart Invest to learn more!
In this captivating podcast episode, we delve into an enchanting conversation with Mike Kaeding CEO of Norhart. The discussion centers around the remarkable achievements of reducing construction costs by 30% and the underlying philosophies of creating affordable housing. Mike sheds light on the importance of psychological safety within a company's culture, emphasizing the need to transcend the superficial "fake good" attitude prevalent in many organizations.Continuous improvement takes center stage as Mike humbly acknowledges his shortcomings and dedicates his leisure time to learning. Rather than focusing solely on industry-specific skills, he delves into the magical realm of experience creation by studying the renowned Disney experience. This pivot leads to a profound exploration of psychological safety within his team and his genuine concern for the well-being of others.As the conversation unfolds, we witness the delicate balance between Mike's love for construction, technology, and people. The extraordinary efforts he undertakes to cultivate a culture of excellence become apparent, including his practice of flying in talented individuals and paying them well, knowing that such investments yield remarkable returns.Prepare to be amazed as Mike's story takes you on a compelling journey, exploring the inherent challenges of construction and the harmonious fusion of technology and human compassion. If you think you've seen it all, be prepared to have your expectations shattered. This episode offers a genuine and transformative experience that will leave you yearning for more. Visit the website to witness the mind-blowing innovation firsthand and discover the true essence of Mike's remarkable work.https://www.norhart.com/Support the showAppreciate the content we provide?Support the show on Patreon! Click the link below to join the team.https://patreon.com/JonathanCinelli
https://youtu.be/wfwQI3-QGnw Mike Kaeding is a residential real estate developer and the CEO of Norhart - a company focused on building exceptional apartments that create a better way for people to live. We discuss ways to attract amazing talent, the exciting future of smart homes, and how your company can put a dent in the universe. --- Put a Dent in the Universe with Mike Kaeding Our guest is Mike Kaeding, the CEO of Norhart, a real estate company that designs and build exceptional apartments that create a better way for people to live and helps drive down the cost of housing. Mike, welcome to the show. Yeah, thanks for having me. It's great to have you here. And I'm very curious if you could share with us and the listeners your journey of becoming the CEO of Norhart and taking over this company and being the entrepreneurial driving force behind it. Yeah, that sounds good. You know, I grew up in this business. My parents started it. It was a very small real estate company at the time. We built some small apartment buildings. And I can remember as a young kid driving out, it was sort of the family outing where we'd drive to a hardware store, maybe a half an hour away. And us two young boys and my parents each filled up two of our own carts full of materials up sky high, pushed it off to my dad's little trailer and packed that full drive down the highway. I'm not sure it was entirely illegal, but we did it. And that's how we got through in those early years. And then eventually it went off to college. And when I went to college, I really didn't want anything to do with the family business. And then deep down, the reason that was is because I didn't want people to think it was given to me. So I really wrestled with my own ego on that but eventually realized that deep down I really wanted to make some kind of meaningful positive impact on the world and here I could take this small business and grow it to something much larger to have that kind of impact. So I got past my own ego, jumped in full throttle, and then not long after that, my dad passed. It was unexpected. He was relatively young. And overnight, I was running this business. At that point, I honestly didn't really know what I was doing. But looking back, I think that was sort of the magic. We just started to question everything. Why is it done a certain way? Why can't we do it differently? There was nobody to tell us no. And that's what sparked things off and really got us going. I really wanted to make some kind of meaningful positive impact on the world and here I could take this small business and grow it to something much larger to have that kind of impact.Share on X That's fascinating. That is very interesting. And then you basically never looked back. So when was that when you took over? Was it like three, five years ago? Closer to 10 years ago now. 10 years ago, okay. And you have grown tremendously since then. So tell me a little bit about how you grew this business. So you say that you didn't know what you were doing, but kind of that was the magic, you questioned things, you started things, do things in a different way. What was the different way that eventually you figured out was kind of your blueprint to grow the business? Yeah, you know, if you look at the past 60 years, industries like manufacturing have improved productivity by 760%, agriculture improved by 1500%. Do you have a guess of what construction has done over the past 30 or 60 years? Construction? 30 percent? 10 percent. It's essentially nothing. It's awful. And so what we started to realize is if we could take the lessons learned from these other industries and apply it into construction, we could have a meaningful impact. And so we're already producing about a 20 to 30% reduction in construction costs. And we think we'd achieve a 50% reduction in costs. But imagine what that means. It means someday your rent or mortgage payment could be half. So how do we do that? You know,
Mike Kaeding is a residential real estate builder and developer. He's the CEO of Norhart, and aims at transforming the way apartments are built and managed by incorporating technologies and efficiencies that have revolutionized other industries, and lead to high-quality, cost-effective projects. Mike's parents started their family business. But just a few years after joining the business, his dad unexpectedly passed away. All of a sudden, Mike had what felt like the weight of the world on his shoulders. He had to lead this business. He had no preconceived notion of "the way things are done" in the industry. He was struggling to the point where the city briefly shut them down. This shattered Mike's world. But he just naively started to solve problems. And that was the magic. Mike and his team began changing the way construction is done. Starting with an attractive culture unique to the construction industry they hired the best talent. Together they solved chronic construction inefficiencies, applied techniques from manufacturing, and integrated traditionally unaffiliated trades. This resulted in higher quality and lower cost projects. In this episode, we explore the current housing crisis and what can be done to address it. Mike and I discuss interesting techniques in developing apartment complexes and planning for the resident experience. We also chat about the importance of hiring the best people, the value of employee experience, and the benefits of in-house manufacturing. Additionally, we discuss introducing new technology to remove pain points and create a better overall experience for residents. Listen in for an informative and eye-opening episode that offers insights into solving the affordable housing crisis in America. Key Takeaways The lack of affordable housing and rental properties in the countryTechniques in developing apartment complexes and planning for the resident experienceStrategies for attracting and retaining the best peopleHow Mike is building an efficient in-house construction teamFocusing on employee experience to improve the overall customer experienceUsing technology to improve efficiency and remove pain pointsCreating workspaces or co-working spaces within apartment buildingsPartnership with Toyota for manufacturing improvements Timestamps [00:00:39] "Exploring Real Estate CX with Norhart Construction" [00:05:37] "DIY plumbing leads to innovative construction solutions" [00:09:58] "Innovative Building Solutions: Kit of Parts Approach" [00:10:51] "Rental Market Shortage Leaves Families Homeless" [00:16:14] "Construction Company Creates Google-Like Culture for Employees" [00:18:46] "Creating an Exceptional Employee Experience for Success" [00:23:55] "Norhart's Innovative Plan to Solve Housing Affordability" Quotes Creating a Culture of Excellence: "We have an entry-level, brand new general labor construction worker who gets unlimited paid time off. I don't know of any other company in our space that does that kind of thing." Creating Google-like Spaces for an Optimal Employee Experience: "The employee experience has a very big impact on the company culture. If you find the best people and cultivate them, well, then it spills over." Hiring the Best People: "The most important lesson that I've ever learned is to hire the very best people. What most business owners don't understand is that the best people outperform the average by five to ten times as much." Connect with Mike Linkedin - https://www.linkedin.com/in/mikekaeding/ Website - https://www.norhart.com/ Twitter - https://twitter.com/mikekaeding
Never, ever judge the contents of a package by its wrapper. Mike Kaeding, an unassuming guy who looks like he's a coder for a gaming company, is a real life superhero out to change the world. The CEO of a $200M+ company with over 250 employees, Mike runs a residential real-estate development company. Mike's company is based on and in solid values. He focuses on making housing affordable and he's created a fully in-house model to do so. Rather than spend a bit on a developer, and more on a contractor, and more on the sub-specialists, he's pulled together a strong team. Mike believes in humanity and in bringing the best both out of people, and also to people. The best, though, comes as an iterative process. This CEO wants his employees to know that they have psychological safety. He's strategic about creating the environment for people to love their work, while also placing the onus of responsibility for doing that on each employee. It's a great model and this unassuming CEO, Mike Kaeding, is an enduring student and grand mentor in leadership, where lessons linger just below the surface of all he does. Listen in to learn more. And to find out more about his company, go to https://www.Norhart.com
In this podcast episode, the host interviews Mike Kaeding, founder of Norhart, a company that designs, builds, and rents apartments using technology and efficiencies to reduce construction costs and solve America's housing affordability crisis. Mike explains how Norhart focuses on solving thousands of little problems to reduce construction costs and has already achieved a 20-30% reduction in costs. He also discusses Norhart 's manufacturing techniques, target markets, relationships with suppliers and vendors, and property management techniques. Mike emphasizes the importance of building a strong company culture and attracting top talent, and shares insights from the book "Multipliers." Finally, he recommends books that have impacted his life and listeners can connect with him through the Norhart website. Support the showhttps://www.buzzsprout.com/1187780/supporters/newFollow Rama on socials!LinkedIn | Meta | Twitter | Instagram|YoutubeConnect to Rama KrishnaE-mail: info@ushacapital.comWebsite: www.ushacapital.com Register for this year's Multifamily AP360 virtual conference - multifamilyap360.comRegister for Multifamily CoachingTo find out more about partnering or investing in a multifamily deal: Text to 252-292-2604 or email info@ushacapital.com
Too many people lack stable housing, but how do we solve that crisis? One method is creating affordable housing, but that's not a permanent solution.Enter Mike Kaeding: he aims to rebuild the housing system in America. He wants a solution that ends the problem permanently.Tune in to find out how he leverages business success into a solution to one of America's biggest problems.Here are some power takeaways from today's conversation:The long-term solution to housing in AmericaWhy you should (or shouldn't) get unaccredited investorsHire the right people for your companyEpisode Highlights[02:38] Mike's BHAGMike's company, Norhart, reduced construction costs by 30%. They aim to rebuild the housing system by building more housing. By increasing the supply to match the housing demand, they hope to bring prices down.[10:05] Mike's JourneyMike's company has thousands of units, but their platform is construction. They do all manufacturing and most trades in-house as well.Mike's parents started the company, but he's been involved even while young. He initially didn't want to be part of the business, but his dad encouraged him to take over. The company doubled in size every few years.[14:36] Finance TalksBanks typically fund 75% of a project, but the true constraint is human capital. Mike's company needs top talent. They've recently opened up to outside investors and are considering removing the bank so investors can get more returns. They've also created a system to get around the problems of accepting unaccredited investors.Notable quotes from the Episode:[07:18] "The average American's salary, about 30% of that goes to housing. My dream is to make that 15% rather than 30%."[09:51] "How do we make the whole system, how do we figure out the whole nation to be affordable in the next five to ten years?"[12:05] “I didn't really know what I was doing, but I think that was sort of the magic because we could start questioning everything. Like, why is construction done the way it's done?”[30:01] "The number one thing that I learned, and it totally changed the game of our company from growing at meager rates to now growing very substantially and seeing a radical improvement in this industry is one simple thing: It's hire the very best people."Resources Mentioned:Connect with Wyatt Graves: LinkedIn | WebsiteThe Mentee Podcast: Website | Apple | SpotifyGoBundance MembershipVIP Private Mastermind EventConnect with Mike Kaeding: LinkedIn | Twitter | InstagramInvest in apartments with
In this episode of Winners Find a Way show, host Trent Clark interviews Mike Kaeding, the CEO of Norhart, a real estate firm that focuses on building and renting apartments while driving down the cost of housing. Trent and Mike discuss their challenges while building their brands and organizations and how they found a way to win. Mike's technological background in computer science, accounting, and engineering is highlighted, and his vision of affordable housing through a unique, holistic approach is explored. Despite technical challenges during the recording, Trent and Mike explore the importance of resilience and finding solutions to problems. “My mission is to solve America's housing shortage by transforming how apartments are built and managed. And in doing so I will improve the way we all live. “ In this episode, you will learn the following: [00:02:52] Making housing affordable holistically. [00:03:43] Cellular technology in industries. [00:09:54] Curiosity and self-learning. [00:11:23] Learning QuickBooks without experience. [00:14:55] Hiring the Best in the World. [00:18:11] Holistic view of real estate. [00:22:10] Time dilation and GPS. [00:28:33] Overcoming self-doubt. [00:30:23] Hiring the best people. [00:34:40] Embracing problems for growth. [00:37:35] Overcoming self-doubt and fear. [00:39:57] Monopolies in the energy industry. Podcast Takeaways : “ The cost of housing is rising faster than income, making it difficult to afford.” “Technology can be used to improve efficiency and reduce costs in any industry. “Technology has improved many industries, but construction has seen minimal improvement in the past 60 years.” Connect with Mike https://www.facebook.com/norhart https://twitter.com/mikekaeding https://twitter.com/Norhart https://www.linkedin.com/in/mikekaeding/ https://www.linkedin.com/company/norhart Support our sponsors: www.rebelliousbeverage.com Learn more about Leadershipity Coaching and Events: Trent@leadershipity.com Ready to take your game to the next level? Join the NIL movement and discover a world of new opportunities! https://www.aim4nil.com/ Connect with Coach Trent Clark with these links : Youtube: https://www.youtube.com/channel/UC_76SFCClh6GbqLjzFgf8xw LinkedIn: https://www.linkedin.com/in/trentmclark/ Instagram:https://www.instagram.com/leadershipity/?hl=en Fb Page: https://www.facebook.com/Leadershipity/?ref=pages_you_manage Other episodes you'll enjoy: https://open.spotify.com/episode/4g8LRy3NlVVXLlaIkvWrXL https://open.spotify.com/episode/6YqBE7c3VBCNMjDvE0LodE https://open.spotify.com/episode/6AY2dk00jDWSb7fLnqFYgY Thanks for tuning into today's episode of Mike Kaeding: CEO of Norhart Vision for Affordable Housing with your host Coach Trent Clark. Do you love this episode? Leave us a review and rating here: https://open.spotify.com/show/7GAwyvYA7OY1L2JOjegX7D
In this episode of Winners Find a Way show, host Trent Clark interviews Mike Kaeding, the CEO of Norhart, a real estate firm that focuses on building and renting apartments while driving down the cost of housing. Trent and Mike discuss their challenges while building their brands and organizations and how they found a way to win. Mike's technological background in computer science, accounting, and engineering is highlighted, and his vision of affordable housing through a unique, holistic approach is explored. Despite technical challenges during the recording, Trent and Mike explore the importance of resilience and finding solutions to problems. “My mission is to solve America's housing shortage by transforming how apartments are built and managed. And in doing so I will improve the way we all live. “ In this episode, you will learn the following: [00:02:52] Making housing affordable holistically. [00:03:43] Cellular technology in industries. [00:09:54] Curiosity and self-learning. [00:11:23] Learning QuickBooks without experience. [00:14:55] Hiring the Best in the World. [00:18:11] Holistic view of real estate. [00:22:10] Time dilation and GPS. [00:28:33] Overcoming self-doubt. [00:30:23] Hiring the best people. [00:34:40] Embracing problems for growth. [00:37:35] Overcoming self-doubt and fear. [00:39:57] Monopolies in the energy industry. Podcast Takeaways : “ The cost of housing is rising faster than income, making it difficult to afford.” “Technology can be used to improve efficiency and reduce costs in any industry. “Technology has improved many industries, but construction has seen minimal improvement in the past 60 years.” Connect with Mike https://www.facebook.com/norhart https://twitter.com/mikekaeding https://twitter.com/Norhart https://www.linkedin.com/in/mikekaeding/ https://www.linkedin.com/company/norhart Support our sponsors: www.rebelliousbeverage.com Learn more about Leadershipity Coaching and Events: Trent@leadershipity.com Ready to take your game to the next level? Join the NIL movement and discover a world of new opportunities! https://www.aim4nil.com/ Connect with Coach Trent Clark with these links : Youtube: https://www.youtube.com/channel/UC_76SFCClh6GbqLjzFgf8xw LinkedIn: https://www.linkedin.com/in/trentmclark/ Instagram:https://www.instagram.com/leadershipity/?hl=en Fb Page: https://www.facebook.com/Leadershipity/?ref=pages_you_manage Other episodes you'll enjoy: https://open.spotify.com/episode/4g8LRy3NlVVXLlaIkvWrXL https://open.spotify.com/episode/6YqBE7c3VBCNMjDvE0LodE https://open.spotify.com/episode/6AY2dk00jDWSb7fLnqFYgY Thanks for tuning into today's episode of Mike Kaeding: CEO of Norhart Vision for Affordable Housing with your host Coach Trent Clark. Do you love this episode? Leave us a review and rating here: https://open.spotify.com/show/7GAwyvYA7OY1L2JOjegX7D
The only thing The Liquid Lunch Project likes more than an actual "liquid lunch" is an industry disrupter in the small business space. And not only is today's guest doing just that, he's disrupting the dinosaur of industries: Real Estate. Mike Kaeding is the CEO of Norhart, a $200 million apartment developer building high-quality housing. He believes real estate housing and development can be a smoother, more efficient, and streamlined process that can reduce costs to benefit both the builder and the customer. And clearly, he's onto something. By pivoting to an assembly-line mentality and having teams move through the construction process in different batches, he's already improved his costs by 20% - 30%, and they're doubling in size every year. Right now, they can produce an apartment unit every 5 hours. Projects that would typically take 15 months become nine months. And he believes there's still room for improvement in those numbers. If this sounds like something you'd want to be a part of, you're in luck: They will also be launching an investment platform that will allow individuals to invest in these projects and make them accessible to people of all income levels. Mike also shares his story of inheriting this small family business and growing it into the multibillion-dollar company it is today. He explains: "I didn't really know what I was doing, but looking back, I think there was some magic in that. We didn't know the way things were supposed to be done. We could start questioning everything. I think that started us on this journey of trying to change this industry. " What You'll Learn: Why he's willing to fly his team in from all over every week The target demographics for their units How they attract renters Why creating community is at the heart of what they do Where they're building, and their plans for the future …and much more! Favorite Quote: I didn't really know what I was doing, but looking back, I think there was some magic in that. We could start questioning everything. Connect with Mike: https://www.instagram.com/norhartlife/ https://www.facebook.com/norhart https://www.linkedin.com/company/norhart/ Visit his website, wwww.Norhart.com (if you're interested in his investment program, make sure you go here to sign up for alerts.) Also, be on the lookout for his podcast, "Becoming a Unicorn," which will launch soon. How To Get Involved: Matthew Meehan and Luigi Rosabianca use their combined experience to provide insight and strategic advice to help small and medium-sized businesses in America have the same opportunities as corporate 500 companies. If you're looking for tailor-made solutions to grow your small biz, learn more at www.shieldadvisorygroup.com. Stay Connected: Connect with Matt and Luigi on Instagram: @matthew.r.meehan @luigi_rosabianca @theLiquidLunchProject @ShieldAdvisoryGroup. Visit The Liquid Lunch Project website and subscribe to The Weekly, our Friday morning newsletter, for all the latest in the world of finance, tech, small business, and more. www.theliquidlunchproject.com Make sure you never miss an episode — check out The Liquid Lunch Project on Apple Podcasts, and don't forget to subscribe, rate, and review.
Mike Kaeding is the CEO of Norhart, which is committed to solving America's housing shortage and affordability crisis. In this episode, Mike shares how Norhart plans to strategically drive down the cost of housing on a national level, his advice for bringing trades and expertise in-house, and the importance of building the right company culture. Mike Kaeding | Real Estate Background CEO of Norhart, which is committed to solving America's housing shortage and affordability crisis. Portfolio: 12 properties in MN totaling 800+ units, all built by Norhart Based in: Forest Lake, MN Say hi to him at: norhart.com Facebook Instagram LinkedIn Twitter Best Ever Book: No Rules Rules by Reed Hastings Greatest Lesson: Hire the best people. Click here to know more about our sponsors: MFIN CON | Reliant