Podcasts about shine insurance

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

 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 

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

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.

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

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

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.

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.”

My guest today, Jeremy Goodrich, is a real estate insurance advisor and the host of the REI Clarity Podcast. He is the owner of Shine Insurance and specializes in making commercial real estate insurance smart and simple. As the host of the most-watched insurance agency channel on YouTube, he has answered hundreds of real estate insurance questions in a way that actually makes sense and is interesting. Today, Jeremy talks about the nitty-gritty of real estate insurance, along with the risks of having "junk" insurance. Having recently experienced a fire in one of our own buildings, it was helpful and reaffirming to pick Jeremy's brain on the necessity and qualities of protecting your asset with the right insurance. Join us and listen in! Connect with Jeremy at: Website: www.shineinsurance.com FREE RESOURCE: shineinsurance.com/ballpark Facebook: https://www.facebook.com/jegoodri Linkedin: https://www.linkedin.com/in/reiinsuranceguy/ Jeremy's Prayer Request: Dad had recent stroke. Prayers for his recovery. Connect with Lee: Website: THREEFOLD - Real Estate Investing (threefoldrei.com), Email: info@threefoldrei.com, Facebook: Threefold Real Estate Investing | Facebook, LinkedIn: Lee Yoder | LinkedIn, NEW!!! YouTube Channel: https://www.youtube.com/channel/UCGM93x6ZEDa4n9yH7UP97iA Check out our Free E-book! https://threefoldrei.ac-page.com/5-steps-to-passive-income-for-the-full-time-dad

By way of background, 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. Website:         https://www.shineinsurance.com/home-auto-insurance-agent/ LinkedIn :       https://www.linkedin.com/in/reiinsuranceguy/   To learn more go to Dwellynn.com and sign up for the deal list

A topic that isn't widely discussed on real estate podcasts is insurance, despite it being a piece of the business that investors can't afford to screw up! In this episode, I'm chatting with Jeremy Goodrich of Shine Insurance, one of the most well-known insurance brokers in the business. Before Shine, Jeremy was an elementary school teacher, helping countless kids fall in love with art, math, science, and writing. Eventually, Jeremy decided to make the career change into insurance and decided to specialize in working with multifamily investors. In this episode, we discuss the role of an insurance broker, common mistakes investors make finding insurance, and what you need to include in your policies. We also talk about how you can build your team of service providers, which is a critical process for real estate investors!Timestamps:0:03:42 - Jeremy shares his background, how he got into real estate, and what he's up to now.0:05:44 - Jeremy's background as a schoolteacher and how it applies to the insurance world0:08:54 - Jeremy talks about the role of an insurance broker and the value they bring to an investor0:12:16 - We learn how insurance brokers are compensated0:16:28 - The mistakes that Jeremy often see real estate investors make as it relates to insurance 0:24:07 - Jeremy discusses other things that multifamily investors should keep in mind when building out a policy0:28:14 - We learn about Shine's tool designed to assist investors with generating ballpark quotes for what their insurance might be on a given asset0:34:33 - Jeremy's most significant business failure and what he has learned from it0:35:49 - Jeremy shares the best decision he's made in his career so far0:36:51 - We hear what skill or trait Jeremy attributes his success to0:37:57 - We learn about Jeremy's short terms goalsCONNECT WITH AXELhttps://www.instagram.com/multifamilywealth/?hl=enhttps://www.linkedin.com/in/axelragnarsson/CONNECT WITH Jeremy GoodrichShine insurance website: https://www.shineinsurance.com/

A topic that isn't widely discussed on real estate podcasts is insurance, despite it being a piece of the business that investors can't afford to screw up! In this episode, I'm chatting with Jeremy Goodrich of Shine Insurance, one of the most well-known insurance brokers in the business. Before Shine, Jeremy was an elementary school teacher, helping countless kids fall in love with art, math, science, and writing. Eventually, Jeremy decided to make the career change into insurance and decided to specialize in working with multifamily investors. In this episode, we discuss the role of an insurance broker, common mistakes investors make finding insurance, and what you need to include in your policies. We also talk about how you can build your team of service providers, which is a critical process for real estate investors!Timestamps:0:03:42 - Jeremy shares his background, how he got into real estate, and what he's up to now.0:05:44 - Jeremy's background as a schoolteacher and how it applies to the insurance world0:08:54 - Jeremy talks about the role of an insurance broker and the value they bring to an investor0:12:16 - We learn how insurance brokers are compensated0:16:28 - The mistakes that Jeremy often see real estate investors make as it relates to insurance 0:24:07 - Jeremy discusses other things that multifamily investors should keep in mind when building out a policy0:28:14 - We learn about Shine's tool designed to assist investors with generating ballpark quotes for what their insurance might be on a given asset0:34:33 - Jeremy's most significant business failure and what he has learned from it0:35:49 - Jeremy shares the best decision he's made in his career so far0:36:51 - We hear what skill or trait Jeremy attributes his success to0:37:57 - We learn about Jeremy's short terms goalsCONNECT WITH AXELhttps://www.instagram.com/multifamilywealth/?hl=enhttps://www.linkedin.com/in/axelragnarsson/CONNECT WITH Jeremy GoodrichShine insurance website: https://www.shineinsurance.com/ 

Jeremy Goodrich is a real estate insurance advisor and is the host of the REI Clarity Podcast. He is the owner of Shine Insurance and specializes in making commercial real estate insurance smart and simple. As the host of the most-watched insurance agency channel on YouTube, he has answered hundreds of real estate insurance questions in a way that actually makes sense and is interesting. Jeremy speaks the language of real estate investors.   In this episode, Jeremy shares four real-life stories in relation to the biggest mistakes investors make when it comes to insurance as he explains why these deeds are really bad mistakes no one would ever want to experience after learning about them. Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/ What you'll learn in just 17 minutes from today's episode:  Understand why cheap insurance is expensive; Discover why you should give correct information to the agent and not trust a seller's number when doing insurance; Learn how the understanding of insurance's world helps you avoid ineffective insurance policies in the future Resources/Links:  The Complete Guide to Commercial Real Estate Insurance: https://www.shineinsurance.com/insurance-guide-for-real-estate-investors/ Topics Covered:  04:49 – Talking about how commercial insurance works in relation to the most common mistake most investors make in the insurance world 10:29 – The difference between a good insurance policy and the one that lowers your coverage through time 16:24 – Why cheap insurance is expensive 21:33 – A story that highlights why shouldn't trust the seller's number when it comes to insurance 27:36 – Why you should give the agent enough and correct information in order to avoid denied claims in the future 34:10 – How the line “I don't speak insurance” causes heavy insurance problems 39:37 – Learn more about commercial insurance by visiting https://www.shineinsurance.com/insurance-guide-for-real-estate-investors/ Key Takeaways: “You lost the person you trust the most simply because you didn't tell them first. If you're going to shop with more than one agent, tell the person you trust the most first; give them the opportunity to have a clean slate and go to any company they want.” – Jeremy Goodrich   “The first agent you tell has the upper hand. Make sure the first agent you tell is also the person you trust the most.” – Jeremy Goodrich   “Let your advisor make companies compete for you.” – Jeremy Goodrich   “If you aren't sure, ask an insurance agent for a ballpark. Never trust the seller's number for insurance.” – Jeremy Goodrich   “Always share the correct occupancy. Take the time to inform your agent thoughtfully.” – Jeremy Goodrich   “There's a basic understanding you should expect to learn, and if you don't want to learn it yourself – which is reasonable, then you should expect your insurance advisor to give you enough information so you can understand the basics on how insurance works.” – Jeremy Goodrich   “Ask questions and note whether they're able to communicate insurance in a way that makes sense. If they can't do that, then what is the value of your insurance advisor?” – Jeremy Goodrich   Connect with Jeremy Goodrich Website: https://www.shineinsurance.com/ Podcast: https://reiclarity.com/ YouTube: https://www.youtube.com/user/ShineInsure  Connect with Dave Dubeau:  Podcast: http://www.propertyprofitspodcast.com/  Website: https://davedubeau.com/home  Investor Attraction Workshop: http://www.investorattractionworkshop.com/  Facebook: https://www.facebook.com/thedavedubeau  LinkedIn: http://linkedin.com/in/davedubeau  Enjoyed the Podcast?  Please subscribe on iTunes for updates

Jeremy Goodrich is the owner of Shine Insurance, which helps real estate investors protect their assets with the right insurance policy. A teacher at heart, he simplifies insurance by providing his clients with step-by-step guidance, shooting them ballparks, reviewing their policies, and making insurance work for their bottom line. He drops by in our podcast to reveal the biggest mistake that real estate investors make in using insurance and how to resolve it. [00:01 - 02:52] Opening Segment Let's get to know Jeremy Goodrich From school to real estate The truth about managing risks in real estate [02:53 - 12:10] Biggest Insurance Mistake in Real Estate The benefits of having an insurance policy for properties “Passing” the risk to somebody else The key elements of how insurance really works Jeremy reveals the biggest insurance mistake that investors make [12:11 - 20:36] Outlook on Insurance in the Real Estate Space What it means to be a “hard” or “soft” market in the insurance space Status of insurance in multifamily The factors that underwriters need to consider  The biggest red flag investors should watch out for Jeremy shares his thoughts about public adjusters [20:37 - 21:48] Closing Segment Reach out to Jeremy See links below  Final words   Tweetable Quotes “You have to find service providers that you trust you believe in and you know, are good at what they do. And then you stick with them. And then you build a relationship.” - Jeremy Goodrich “The biggest mistake is not establishing that relationship and just going for the cheapest price and then going from complex to complex and having a different advisor for every complex, and just picking the cheapest price.” - Jeremy Goodrich “If the insurance company is doing you right, there's no reason to hand 20 or 30% of the money you're going to get anyway over to someone else.” - Jeremy Goodrich   ----------------------------------------------------------------------------- Email jeremy@shineinsurance.com to reach out to Jeremy or follow him on LinkedIn. Check out Shine Insurance to protect your real estate portfolio and increase your ROS (Return on Sleep)! Check out https://www.shineinsurance.com/ballpark/ to get a ballpark figure for your insurance!   Connect with me: I love helping others place money outside of traditional investments that both diversify a strategy and provide solid predictable returns.   Facebook LinkedIn   Like, subscribe, and leave us a review on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on.  Thank you for tuning in!   Email me → sam@brickeninvestmentgroup.com

If you own industrial real estate (or plan to in the future), or if you are an industrial tenant - you'll want to listen to this interview with Jeremy Goodrich, Founder and CEO of Shine Insurance. Jeremy highlights not just why insurance is important, but why having the RIGHT insurance is critical. As I've said numerous times on my channel, having a team around you is important. While the ones most investors or tenants would think about are a lawyer, accountant, banker and broker, Jeremy brings up an excellent point of ensuring you have a trusted insurance provider on that team as well. Here are the timestamps for the topics we spoke about: 0:00 - Introduction 1:30 - State of the insurance market 6:00 - Insurance for first time industrial real estate investors 14:02 - Insurance coverage for industrial tenants 19:10 - Issues when negotiating insurance clauses 23:45 - Getting in touch with Jeremy Shine Insurance YouTube Channel: https://www.youtube.com/c/ShineInsurance Shine Insurance website: https://www.shineinsurance.com/ REI Clarity Podcast: https://reiclarity.com/ --

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. https://www.shineinsurance.com/ Coffee Sponsor: Bee Evans Follow us on Instagram: @TheMorningSpotlight Email us at: themorningspotlight@gmail.com www.themorningspotlight.com For title insurance inquiries contact Mike at michael.ham@ctt.com Buy Mike a Coffee!

Finding stability for your business is crucial to staying afloat. Today's guest has somehow managed to do just that in the risky world of commercial real estate and has even helped others be on the same boat. Jeremy Goodrich was a former teacher who transitioned into business and is now the owner of Shine Insurance. As an educator, he makes commercial real estate insurance easy and simple for his clients. In this episode, he shares invaluable lessons and insights with host Lisa Hylton that just might be what you need.Love the show? Subscribe, rate, review, and share!Here's How »Join The Level Up REI Podcast Community today:lisahylton.comTwitterInstagramFacebookLinkedInYouTube

Insurance is a tremendous part of real estate investing. That's why it's important to understand and pick the best insurance for your property. Today's guest, Jeremy Goodrich, talks about that in this episode. Jeremy helps commercial real estate investors manage risk and get clarity around their strategy. As the owner of Shine Insurance and the host of the REI Clarity podcast, Jeremy's been on the team with investors as they unlocked freedom through real estate.In this episode, Jeremy talks about how he is bringing good to the world through insurance and why it's important to provide value with an abundance mindset. He also talks about why rising by lifting others is the key to REI clarity. Jeremy also shares his thoughts on creating systems, hiring employees, and relationship-building. Join us and listen in![00:01 - 05:55] Opening SegmentWelcoming Jeremy to the showJeremy shares his backgroundHis experience being a teacherHow he got into the insurance spaceWhy he started his journey in the insurance industry[05:56 - 11:34] Lifting Others Through InsuranceBringing good in the world through insuranceLeveling the playing fieldRise by lifting othersAttaining diversityHow Jeremy came up with the 9 steps for real estate investing clarityThe 3 pillars: clarity, connection, and implementation[11:35 - 27:20] Providing Value with an Abundance MindsetJeremy talks about his YouTube channelTeaching others coming from an abundance mindsetThe fulfillment of knowing you were able to help othersHow misunderstandings lead to problems with insuranceJeremy on creating systems and hiring new employees[27:21 - 35:28] Closing SegmentAsking Jeremy the Adventurous FourHow you can connect with JeremyClosing wordsTweetable Quotes:“If we're constantly trying to rise by lifting others, then it works really well.” -  Jeremy Goodrich“I think success in business ownership and real estate is when you look around In the room, and you say ‘I'm not smarter than anyone here, and I love that.'” - Jeremy Goodrich“Vet the operator first, and the property in the market second. You've got to know that you're working with someone that you believe in, you trust, and has a history of succeeding at business plans in whatever asset class they are offering you an opportunity to invest in.” - Jeremy GoodrichConnect with Jeremy on Facebook, Instagram, and LinkedIn!Check out Shine Insurance on their website and YouTube channel!Please subscribe and leave an honest review  - how do you want to create an impact in your world?Check out Adventurous REI and our social media channels: Facebook, Instagram, and LinkedIn.Michael on LinkedInSuzy on LinkedIn   Invest with us! Start here. GRAB A FREE copy of The Complete Guide to Generating Passive Income for Avid Travelers & Adventure Seekers 

The first thing you have to do in real estate investing is the clarity pillar, by learning from people who've done it before and going down this road of building your strategy knowing exactly what you're going to do. Welcome back to the Micro Empires podcast! Today, I will be interviewing Jeremy Goodrich, one of the founders of Shine Insurance. Jeremy is an entrepreneur, real estate insurance advisor, & side hustle investor. He is a former school teacher before becoming an entrepreneur.  He is also the host of a fantastic podcast called REI Clarity, where he helps people walk through the steps to be successful real estate investors. [00:01 - 09:30] Opening Segment  I introduce today's guest. Jeremy Goodrich Jeremy shares his background and the money culture he grew up in. The career transition and money shift in Jeremy's life. The opportunity to help and make a difference in people's lives. [09:31 - 16:50] Rise by Lifting others Rise by lifting others' pillars. Hire people to lift up and give them a path to succeed financially as well. The motivation behind the decision and the selection process Figure out who your ideal client is and add value to them. Help people to have better money sense to make better money decisions. REI Clarity podcast show. [16:51 - 21:00] 9 Steps to Succeed in The Real-estate Investing The framework of 9 foundational pieces to succeed in real estate investing. Clarity pillar Listen to podcasts, read books, and gain more knowledge about real estate. Connection pillar Make connections with our service team, sellers, and good sponsors. Implementation pillar Take action on the strategy and connection that you have. Shoutout to my podcast producers: Streamlined Podcasts Use promo code: MICROEMPIRES and get a discount! [21:01 - 31:34]  The Trust Piece in Insurance Business Jeremy talks about the beginning of his insurance business Partnership game and trust piece in the insurance world. Two things that everyone wants from insurance. The biggest mistake that operators make on insurance. Three things you should think about when hiring an insurance advisor. Visit https://reiclarity.com/ to download the REI Clarity Framework to get the nine simple steps to succeed in real estate investing. [31:35 - 33:51} Closing Segment Final words from Jeremy and me. Tweetable Quotes: “Rise by lifting others means hiring people that you can lift up and give them a path to succeed financially as well” - Jeremy Goodrich. “Figure out who your ideal client is and add value to them..” - Jeremy Goodrich. “The first thing you have to do in real estate investing is .the clarity pilar, by learning from people who've done it before and going down this road of building your strategy knowing exactly what you're going to do.” - Jeremy Goodrich. You can connect with Jeremy through LinkedIn, or you can email him atjeremy@shineinsure.com. Also, check out his podcasts and website at https://reiclarity.com/    You can connect with me on LinkedIn, Twitter, Instagram, YouTube, and Facebook. I'm excited to hear more about you. I'm excited to know more about you. Also, feel free to shoot me an email at jennifer@micro-empires.com. You can call or text 213-973-7206 TELL US WHAT YOU THINK! LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or click here to listen to our previous episodes.   This podcast is about YOU.  We all have a story, whether your story is a lot like mine or totally different. Maybe you have a good job, but you know in your heart that you want more.    Let's Work Together Are you ready to begin INVESTING in your future but you don't know where to start? Need more CONNECTIONS in the investing community? Sign up at https://micro-empires.com/investing-opportunities/ for investing opportunities!   I have created a NEW eBook called "You Don't Have to be Wealthy to Build Wealth" Click https://micro-empires.com/how-to-build-wealth/ for a FREE copy.

The first thing you have to do in real estate investing is the clarity pillar, by learning from people who've done it before and going down this road of building your strategy knowing exactly what you're going to do. Welcome back to the Micro Empires podcast! Today, I will be interviewing Jeremy Goodrich, one of the founders of Shine Insurance. Jeremy is an entrepreneur, real estate insurance advisor, & side hustle investor. He is a former school teacher before becoming an entrepreneur.  He is also the host of a fantastic podcast called REI Clarity, where he helps people walk through the steps to be successful real estate investors. [00:01 - 09:30] Opening Segment  I introduce today's guest. Jeremy Goodrich Jeremy shares his background and the money culture he grew up in. The career transition and money shift in Jeremy's life. The opportunity to help and make a difference in people's lives. [09:31 - 16:50] Rise by Lifting others Rise by lifting others' pillars. Hire people to lift up and give them a path to succeed financially as well. The motivation behind the decision and the selection process Figure out who your ideal client is and add value to them. Help people to have better money sense to make better money decisions. REI Clarity podcast show. [16:51 - 21:00] 9 Steps to Succeed in The Real-estate Investing The framework of 9 foundational pieces to succeed in real estate investing. Clarity pillar Listen to podcasts, read books, and gain more knowledge about real estate. Connection pillar Make connections with our service team, sellers, and good sponsors. Implementation pillar Take action on the strategy and connection that you have. Shoutout to my podcast producers: Streamlined Podcasts Use promo code: MICROEMPIRES and get a discount! [21:01 - 31:34]  The Trust Piece in Insurance Business Jeremy talks about the beginning of his insurance business Partnership game and trust piece in the insurance world. Two things that everyone wants from insurance. The biggest mistake that operators make on insurance. Three things you should think about when hiring an insurance advisor. Visit https://reiclarity.com/ to download the REI Clarity Framework to get the nine simple steps to succeed in real estate investing. [31:35 - 33:51} Closing Segment Final words from Jeremy and me. Tweetable Quotes: “Rise by lifting others means hiring people that you can lift up and give them a path to succeed financially as well” - Jeremy Goodrich. “Figure out who your ideal client is and add value to them..” - Jeremy Goodrich. “The first thing you have to do in real estate investing is .the clarity pilar, by learning from people who've done it before and going down this road of building your strategy knowing exactly what you're going to do.” - Jeremy Goodrich. You can connect with Jeremy through LinkedIn, or you can email him atjeremy@shineinsure.com. Also, check out his podcasts and website at https://reiclarity.com/    You can connect with me on LinkedIn, Twitter, Instagram, YouTube, and Facebook. I'm excited to hear more about you. I'm excited to know more about you. Also, feel free to shoot me an email at jennifer@micro-empires.com. You can call or text 213-973-7206 TELL US WHAT YOU THINK! LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or click here to listen to our previous episodes.   This podcast is about YOU.  We all have a story, whether your story is a lot like mine or totally different. Maybe you have a good job, but you know in your heart that you want more.    Let's Work Together Are you ready to begin INVESTING in your future but you don't know where to start? Need more CONNECTIONS in the investing community? Sign up at https://micro-empires.com/investing-opportunities/ for investing opportunities!   I have created a NEW eBook called "You Don't Have to be Wealthy to Build Wealth" Click https://micro-empires.com/how-to-build-wealth/ for a FREE copy. The post 9 Steps to Succeed in The Real-estate Investing with Jeremy Goodrich appeared first on Micro Empires.

ABOUT JEREMY GOODRICHJeremy is the owner of Shine Insurance agency and the host of the REI Clarity 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 carried the heart of an educator over and he's been making insurance simple for first-time homebuyers and real estate investors even since. He's also the host of Youtube's #1 most-watched independent insurance agency channel.     THIS TOPIC IN A NUTSHELL:[01:25] His career background[02:06] How Shine Insurance started [04:40] Pain points of Insurance coverage for Realtors[05:23] Two ways to purchase insurance[05:30] Buying insurance as Captive Provider[06:30] Buying as an Independent Insurance agent[10:11] On getting quotes from insurance companies[14:50] Timeline in getting a quote[16:45] Determining the coverage of Insurance policies[18:00] Replacement cost policies and ACV coverage[20:03] Differences of DP1, DP2, and DP3 Insurance policies[22:46] Importance of Liability coverage insurance[25:00] How do you write coverage for each asset [25:56] Pros and cons of coverage for multifamily [27:01] Pricing of insurance companies[29:55] Property's track record and risks considered in coverage[32:35] Why Insurance companies have different pricing? [34:25] Advice to his 25-year-old[35:21] First Entrepreneurial Endeavor[36:14] His Formal and Informal training that shaped his journey[37:44] The Opportunity that got away[39:43] How to reach out to Jeremy   KEY QUOTES[22:45] In my opinion no matter what you're asset-based is, no matter how much money you have, no matter how many properties you have, going without liability coverage is a huge mistake. Liability coverage covers when bad things happen to other people because of you or your property. [23:19] The reason why Liability coverage is so important is that you just have no idea what the number is. Like, if your single-family home burns down, you just lost $200,000 or if you have to deal with lawyers it will cost you money too. All those things that you should have been doing yourself and you've been dealing with lawyers and paying for yourself is just happening with the Insurance company and you don't even necessarily know it's being dealt with because it's just taken care of. [28:00] For insurance pricing, I can say without question that there is no magic ball, it's not a number that just comes from nowhere, though I agree that it feels like that. These numbers are based on claim experience for a given type of property. All these data points create a hard reason for insurance pricing. Having said that, especially in commercial real estate insurance, there is flexibility and that's what makes it feel like a magic ball. Pricing is based on hard numbers, especially in multifamily.       KEYWORDS: DP1 Policy - is a type of home insurance policy that protects a house from 11 named perils – most notably fire. It's usually used to ensure vacant homes but can also be used for rental properties if landlords are on a tight budget. DP2 Policy - is a type of home insurance policy that protects a house from 16 named perils including burst frozen pipes. DP3 Policy - is a type of insurance policy that covers everything else except for what is mentioned specifically as excluded in the coverage.   SUMMARY OF BUSINESSShine is an independent insurance agency committed to making our clients & our community better. Not only are we able to provide the best insurance experience you never imagined, but our Rise by Lifting Others program also directs a portion of every policy premium to organizations that address homelessness. Whether it's insurance for HOME & AUTO or REAL ESTATE INVESTORS, the result is smart policies, with the highest rated companies, at incredible prices. Our mission is to change the way you feel about insurance. We take something complicated and make it understandable. Advice is provided every step of the way and advocacy when you need us most. When you get insurance from Shine it actually counts for something, whether you need to use it or not.  ABOUT THE WESTSIDE INVESTORS NETWORK         The Westside Investors Network, is your community for investing knowledge for growth. For real estate professionals by real estate professionals. This show is focused on the next step in your career... investing, for those starting with nothing to multifamily syndication.     The Westside Investors Network strives to bring knowledge and education to the real estate professional that is seeking to gain more freedom in their life. The host's AJ and Chris Shepard, are committed to sharing the wealth of knowledge that they have gained throughout the years to allow others the opportunity to learn and grow in their investing. They own Uptown Properties, a successful Property Management and Brokerage Company. If you are interested in Property Management in the Portland Metro or Bend Metro Areas, please visit www.uptownpm.com. If you are interested in investing in multifamily syndication, please visit www.uptownsyndication.com.                 #investmentproperty #realestate #investment #property #realestateinvesting #propertyinvestment #investing #realestateinvestor #investor #investments #realtorlife #properties #investmentproperties #realestateinvestment #REinvesting #entrepreneur #entrepreneurlife #money #business #finance #financialfreedom #wealth #entrepreneurship #passiveincome #multifamily #commercialrealestate #insurance #insuranceagent #insurancebroker #business #autoinsurance #homeinsurance #finance #insuranceagency #businessinsurance #financialplanning #insuranceclaim #protection #financialfreedom #insurancepolicy #liabilitycoverage #insurancepricing #insurancequote #creditscore #trackrecord #insurancecompany #shineinsurance    YOU MAY CONTACT JEREMY GOODRICH  VIA:  Email: jeremy@shineinsurance.comWebsite: https://www.shineinsurance.com/LinkedIn: @Jeremy GoodrichPodcast: https://reiclarity.com/Social media:     Facebook: https://www.facebook.com/jegoodri/Instagram: https://www.instagram.com/jgshines/ Youtube: @Shine Insurance  CONNECT WITH US    For more information about investing with AJ and Chris:    · Uptown Syndication | https://www.uptownsyndication.com/    · LinkedIn | https://www.linkedin.com/company/71673294/admin/     For information on Portland Property Management:   · Uptown Properties | http://www.uptownpm.com   · Youtube | @UptownProperties       Westside Investors Network   · Website | https://www.westsideinvestorsnetwork.com/   · Twitter | https://twitter.com/WIN_pdx   · Instagram | @westsideinvestorsnetwork   · LinkedIn | https://www.linkedin.com/groups/13949165/   · Facebook | @WestsideInvestorsNetwork   ·    Youtube | @WestsideInvestorsNetwork     

Want a free CRE loan quote? https://quote.peakfinancing.com/quote-request We are thrilled to introduce Jeremy Goodrich, Owner of Shine Insurance, as our featured guest speaker. Anton Mattli will dive into Jeremy's specializations in marketing and in making commercial real estate insurance smart & simple. YOU CAN ALSO FIND OUR EPISODES HERE: Peak Financing Facebook Page - Like to receive episode updates and more! Peak Financing YouTube Channel - Subscribe to receive episode updates and recently featured! Peak Financing Official Website - Peak Market Watch Episodes

This week’s guest is an all-star insurance agency owner, Jeremy Goodrich! In this episode we're covering: What you need to know about your business insurance policy How to grow your business with systems What tools to use for your business systems and so much more!! Jeremy is the owner of Shine Insurance and specializes in making commercial real estate insurance smart & simple. As the host of the most watched insurance agency channel on Youtube, Jeremy has answered hundreds of real estate insurance questions in a way that actually makes sense and is interesting. Connect with Jeremy: www.shineinsurance.com www.reiclarity.com If you want to be a part of the 10% of businesses that do sell, Download The Ultimate Business Selling Checklist now to prepare your company for sale, for its maximum value, here. Download our 5 Reasons Why Passive Investing In Small Businesses Is The Best Investment guide now, here. Let us know how you like it. Rate us. Leave a comment. Email us at info@abundantculture.co. Do something! Connect with us at: IG: @abundant.culture FB: @abundantculture Rate us on your favorite podcast platform!

Having the right insurance is important. But why? And what is that coverage? Jeremy Goodrich with Shine Insurance dives deep into the weeds of Real Estate Insurance. Being a solution finder, Jeremy is out to change the perspective on Insurance. You don’t have to play the question game when you know what specifics you need. Have a good relationship with your agent so when it comes to damage or finical loss you are covered.   Do you trust your insurance agent?   When should you talk insurance?  How specific do you need to be to get the right insurance? What is driving insurance premiums up? What’s the difference between Multi-family and short-term rental insurance? To find out more about partnering or investing in a multifamily deal schedule a call here https://calendly.com/threekeysinvestments/get-acquainted-callDownload a free e-book on Why Invest in Multifamily at ThreeKeysInvestments.comPlease RSS: Review, Subscribe, Share!Support the show (and my reading addiction)! https://www.buymeacoffee.com/AskMeHowIKnow 

Before starting Shine Insurance, Jeremy was an elementary school teacher for 13 years. Together with his wife, they began Shine Insurance Agency with the goal of changing the way people feel about insurance.He is the host of the REI Clarity Podcast and has a YouTube Channel that has grown to have the largest independent insurance agency following. [00:01 – 09:41] Opening SegmentJeremy talks about his journey in the podcasting industryCreated a Top 20 Rising Real Estate Podcasts of 2020 ListConnecting people through podcasts[09:42 – 21:09] Shine Insurance AgencyJeremy's 3 Pillars for Finding his "Ideal Clients"The Importance of Insurance for Real Estate InvestorsJeremy talks about why he started Shine Insurance Agency[21:10 – 30:21] THE FINAL FOURWhat's the worst job that you ever had?Waiting tablesSelling clothes in the mallWhat's a book you've read that has given you a paradigm shift?Sell the Feeling by Larry Pinci and Phil GlossermanWhat is a skill or talent that you would like to learn?Learn to live stream successfullyWhat does success mean to you?Positive feedback. When you are able to help people through the things you do, and they get back at you and show their appreciation, that's Success.Connect with Jeremy. Links below. Tweetable Quotes:"Whatever it is that you're doing to help people move their journey forward, you're helping to connect them." – Jeremy Goodrich Resources Mentioned:REI Clarity Podcast: 3 Things: Building Community, Passive Buying, & Cost SegregationYoutility by Jay Baer You can connect with Jeremy and Shine Insurance Agency at https://www.shineinsurance.com/ or you can follow them on Facebook, Instagram, LinkedIn, and YouTube.LEAVE A 5-STAR REVIEW by clicking this link.WHERE CAN I LEARN MORE?Be sure to follow me on the below platforms:Subscribe to the podcast on Apple, Spotify, Google, or Stitcher.LinkedInYoutubeExclusive Facebook Groupwww.yonahweiss.comNone of this could be possible without the awesome team at Buzzsprout. They make it easy to get your show listed on every major podcast platform.Support the show (https://www.buymeacoffee.com/weissadvice)

You buy insurance policies with the hope that you won’t ever have to use them. In case you have to use a policy, you hope that every loss and damage will be covered. It’s true that insurance is a good safety net that can protect your hard-earned money in real estate--only if you fully understand what you signed up for. Insurance agents like Jeremy Goodrich know a good policy when they find one. Most of the time though they find terrible policies, those that will not really protect the investors’ properties, or worse, force them to pay an insane amount they don’t expect. Jeremy found out that many real estate investors--80% to be specific--own those terrible policies. He’s using his knowledge and platform to educate real estate investors about insurance policies that cover everything they need.[00:01 - 02:23] Opening Segment I welcome today’s guest, Jeremy Goodrich [02:24 - 08:30] $34K Out-of-Pocket CostThe 2 things real estate operators should look for in an insurance Listen to this multifamily misstep that Jeremy encountered $6K payout on a $40K claimWhy you should not get an Actual Cost Value coverage [08:31 - 14:16] The Right Insurance Agent Learn Jeremy’s no. 1 piece of advice for investorsWhat to look for in an insurance agent Listen to Jeremy’s approach in insurance [14:17 - 20:48] Expensive Insurance Coverage Have you been offered something you shouldn’t be paying for? Listen to JeremyJeremy breaks down loss runs Hear from Jeremy about “uninsurable” propertiesAre there such properties? [20:49 - 22:01] Closing SegmentFind Jeremy at the links belowFinal wordsTweetable Quotes:“The bottom line is: ‘Where’s the best price for the coverage that I actually want, that I actually need, that I actually feel will take care of me?’” - Jeremy Goodrich“You just can’t think about insurance as insuring what you paid for in a property.” - Jeremy GoodrichYou can connect with Jeremy by emailing jeremy@shineinsurance.com or get in touch with him on LinkedIn. Check out Shine Insurance to learn more about their work. Do you belong to the 80% of commercial real estate investors with insurance that will fail to protect your properties? Find out here. Learn more about Myers Methods of Multifamily Investing: http://bit.ly/37u6oK3Register for Myers Methods Multifamily Investing Course: https://bit.ly/37iozkBLearn more about the Mid-Atlantic Multifamily Conference: https://bit.ly/2V7SlCCSupport the show (https://www.facebook.com/groups/157335752156211/)

A conversation about real estate and insurance

A conversation about real estate and insurance

A question I get all the time: Should I start with an umbrella policy or an LLC? I wanted to ask Jeremy Goodrich, one of the principals of Shine Insurance his expert advice.   Two different ways to do the same exact thing: LLC is a key piece when you are investing in more than 5 units Umbrella insurance is additional liability insurance  If you have a large portfolio, umbrella insurance would add millions of coverage How to balance the LLC structure and umbrella coverage The biggest mistake real estate investors make when it comes to insurance Why you need an umbrella policy over your LLC

How many times have you watched those insurance commercials and asked yourself about your own coverage? Do you know what happens in case of an emergency? Will your policy cover the loss of rent and the cost to rebuild your apartment investment if necessary? If you don’t know, you’re in the majority. In fact, 80% of investors are not properly insured according to Jeremy Goodrich.   Jeremy helps investors protect their commercial real estate and apartment investments. Surprisingly, he says that 4 out of 5 investors he speaks with are not properly insured. While most investors treat insurance as the last item, this could be a huge mistake if you do not understand your coverage options.    Jeremy is one of the principals of Shine Insurance and host of the REI Clarity podcast. He appeared on the show to educate investors on protecting their investments. He helps break down the important aspects of insurance, discusses the difference between being on your team and not just a vendor, and shares a guide for real estate insurance.    Partner: Text “EQRP” to 72000 and receive a special eQRP report on taking control of your retirement money   Key Insights on Commercial Real Estate Insurance  How Jeremy started an insurance agency that would educate clients Why insurance is an important member of your team Insurance as an investing strategy   Your mindset about insurance needs to shift to the understanding that it’s key to protecting those assets you worked so hard to build.   Insurance 101  Understanding the 3 tiers of insurance: Standard, non-standard and non-admitted What you should be looking for in an insurance company and agent   The number of insurance companies willing to insure large habitational risks (apartments) is shrinking   The importance of having an independent insurance agent  Why it’s getting harder to insure multifamily properties The ebbs and flows of insurance rates   The insurance cost for a small multifamily investor will be much higher than an investor with tens of thousands of units.    Breaking down the four main pieces of an insurance policy: building coverage, business personal property coverage, loss of income coverage, liability coverage (most important!)  How to figure out what is covered and not covered in an insurance policy There are two kinds of insurance companies: Those that look for coverage for you, and those who try to avoid a payout. The two most misunderstood factors in a multifamily insurance policy coverage   Make sure your insurance agent understands occupancy and how it works.    The three different insurance policies: Basic, Broad, and Special (you want special!)  When you should be consulting with your insurance agent   In bigger multifamily deals, connect your lender with the insurance agent, and let them figure it out.   Partner: Download our Sample Deal Package   Bullseye Round:    Apparent Failure: Diving into the multifamily world is hard to do as an insurance agent, and I fell on my face a couple of times, but that’s necessary to learn.   Digital Resource: Reonomy    Most Recommended Book: Talk Triggers (Jay Baer)   Daily Habit: Exercise   Wish I Knew When I Was Starting Out: I’ve tried hard not to think about all the things I wish I knew then because I learned so much.   Curious About: Marketing automation   Best Place to Grab a Bite in Bloomington, IN Michael’s Uptown Cafe  Contact Jeremy: Shine Insurance Shine Insurance YouTube Channel Complete Guide to REI Insurance

Jeremy Goodrich is a property and business insurance expert. He is the owner of Shine Insurance and host of the REI Clarity Podcast. In this episode Jeremy tells us everything we need to know to properly insure our businesses. We review all the different types of insurance and coverage including “Property and Casualty”, plus how they work in various circumstances. Jeremy also discusses the difference between an agent and a broker, and how to go about finding a quality agent who understands your needs and can provide you options. We also get into what insurance programs are, the typical mistakes property investors make when buying insurance, and why it’s never a good idea to under insure a property. Reference Links Shine Insurance https://www.shineinsurance.com/ Shine Insurance YouTube https://www.youtube.com/channel/UCGO-atb8JOo7usmRuVzG-BA REI Clarity Podcast https://reiclarity.com/

In today's episode we focus on Connections.  Our guest Chris Berg shares how he BRRRRed his way into real estate investing and grew to 150 doors in 5 years.  Spoiler Alert, it was all about relationships!  Chris tells his story and explains what you can do to find the same success. We're glad you joined us! Chris's Three Steps to REI Greatness: Provide Value Get Educated Keep An Open Mind   SECTION 1: Chris tells his story   Chris was a teacher and his wife was a college professor.  They we're making a lot of money and Chris was looking for a side hustle.  A friend had a bunch of properties and encouraged him to start investing.  So he studied.  He listened to every Bigger Pockets episode, watched Loopnet, Trulia, Zillow, etc.  He found a triplex close to his house and pulled the trigger.  From there he realized this stuff was fun and he was good at it.  He started pulling together more and more deals.  Now he owns and manages about 150 doors.     SECTION 2: The Value of Relationships   There are a couple of parts to this: Find mentors, folks who are further along the path than you are. Find a way to provide value to them by finding deals, providing a service, etc.    Don't be afraid to thoughtfully inject what you do into conversations. Don't be salesy. Don't walk into the room and yell it, but inject your stories wherever you can .  Let people know that you buy houses.   Tap your service providers for leads. Show them you're good at what you do and ask them to share opportunities.  Contractors, property managers, insurance agents, they all know who's buying and selling.     SECTION 3: A Diverse Portfolio   Chris has three main types of properties.  Each serves a specific purpose in his overall strategy Buy & Hold – stable and safe Short term rentals – profitable if a little volatile Flips – Quick cash flow   Being able to diversify makes the portfolio strong.  His real estate investments pplay very much like the stock market.  He can leverage the part that's don't the best to support another that may be struggling.  The Covid scenario with his short term rentals is a great example.  That would have been a major problem if his entire portfolio was in short term.  But it's not so he was able to weather the storm.   How to find Chris: Kirkwoodbtown.com   Mentioned in the show: Loopnet Zillow Trulia   Special thanks to Chris Berg 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 REI Clarity onApple Podcast, Spotify, or wherever you listen to podcasts  While your there, please RATE & REVIEW the show  SHARE with friends Finally, please, JOIN the REI 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 REI Insurance Guy? More great stories & information at: Youtube - Blog - Podcast Facebook - Twitter   If you're a transcript type of person, Here you go: You're listening to the REI Clarity podcast. The show that guides you from confusion to clarity and sets you on the path to financial freedom faster. Learn how to grow your portfolio the right way with your host REI superhero, and co-founder of Shine Insurance, Jeremy Goodrich. Jeremy Goodrich:          Hey, this is Jeremy Goodrich, owner of Shine Insurance, and your host for the REI Clarity podcast. So excited to have you with us today. Our guest is an investor. He's a realtor. He handles properties in a lot of different ways, and he's going to talk about that experience on many different sides of the coin with us during our 30 minute conversation today. Chris Berg, thank you so much for being with us. Chris Berg:                    Yeah, thanks for having me. I'm excited. Jeremy Goodrich:          Tell us a little bit about how you got started in real estate investing? Chris Berg:                    Yeah, so just to start from the beginning, I was a teacher for 14 years, and then I continued being a teacher even after we started investing. I think, we're only in this for five or six years now, but we took a road trip, my wife and kids, and I took a road trip to Colorado and we went camping for a month. And on the way back, I was like, I want more of this.                                     And then on the long drive, back from Colorado through the Plain State [inaudible 00:02:57] looked at my Indiana teacher retirement fund, and it wasn't pretty. I'm like damn, how do I get more money? She's a college professor, but she's into school nurses though. She took a big pay hit, going into education as well. I'm like yeah, we have a good life, but what's the next level.                                     I just reached out to my best friend. I'm like, Hey man, what's the best way to get wealthy. And he said, you're really good at real estate, because I'd been doing it for years. I'd fix up my own houses. I help people fix things. I read a lot about it. He's like, why don't you just buy a property and see, because he owned hundreds at the time. I said, all right.                                     We started doing what everybody else does, going to LoopNet or Zillow, Trulia and literally by the time we got back to West Lafayette, which is where we lived at the time, my wife [inaudible 00:03:44] found something on MLS, which, people say it's dead and you can't find any deals there, but we took the equity from our home because we'd fix it up and got it appraised, and literally bought a triplex, a student rental triplex on the campus of Purdue. Jeremy Goodrich:          So your first purchase was a triplex and it was a student rental triplex? Chris Berg:                    Yeah, it wasn't pretty- Jeremy Goodrich:          [inaudible 00:04:05] it got you in. Chris Berg:                    But it surprised us because it was three doors down from us, so easy for me to manage. I dip my toe in the water with the property management side of things and just learn. The day we got it appraised, which wasn't soon after we bought it, it appraised for 50 grand of what we bought it for. So it wasn't, but two months later we were able to use the equity from that and roll it into a fourplex. So within a matter of months we were owners of seven units. Jeremy Goodrich:          And have you continued to do that? Kind of take the equity out of one, use that as the down payment for the next, kind of almost a bare type of approach and take it from there. Chris Berg:                    Yeah. So what we did is, we moved to Colorado. It's been a little over a year and a half ago. When we left town of West Lafayette, we sold those for a decent little profit. We did our first 1031 exchange into an 11 unit apartment complex. So we upgraded and the number of units that took care of that. We've obviously we've increased the value, it's appreciated. So we did really well on that.                                     Recently we went under contract and selling that as well, we're in our 90 day period for the 1031 exchange currently. Jeremy Goodrich:          So that was kind of your start, it sounds like over five years, you've grown. Can you tell our audience a little bit about where you're at as an investor right now? Chris Berg:                    Yeah, currently I have partners. I am a broker. I own my own brokerage here in Bloomington. It's called Kirkwood Realty and it's brokered by a larger company, a parent company called eXp. I do the traditional buy and sell for everybody and also for myself. We have a great business model for house flipping because that's the passion projects, helps us be creative. With my partners, I manage 112 units, doors and then my wife and I owned 69. I manage the managers. I'm like the acquisitions plus the overall portfolio manager of all of them. I deal with the day to day operations of those and then I'm the boots on the ground guy, for the flipping business as well. I deal with the contractors. I do the acquisitions, all that stuff. I do a little bit of everything. Jeremy Goodrich:          It's fascinating to me. The folks that I meet in this industry that seem the most fascinating are, doing kind of what you're doing, where not only are you investing in a couple of different ways, it sounds like you're doing a lot of buy and hold and you've built your portfolio up, but then also flipping for the creativity and probably for the cashflow sometimes I would imagine. Chris Berg:                    Yeah. Jeremy Goodrich:          But then you're playing a central role for other people. You sort of the brains and I'm might be putting words into your mouth. So tell me, but you're kind of the brains behind the operation. Where other people say, hey, I've got some money or, hey, I've got some element of it. And you're like, hey, well I love this. I'm good at pro formas, I'm good at connecting with other people. I'm already a realtor and so I can find things maybe before other people. You sort of play a central role for partners, could you describe a little bit how you started doing that and maybe for a listener who wants to play that role? What works? Chris Berg:                    Yeah. So every podcast you listened or book, when you start in the business of real estate you want to provide value to someone. And so I started doing that to my business partners, providing value. But you and I before the podcast, we're talking about me being, I have a high motor, so I just don't stop. If I were to just do, be a real estate agent, that's a tough job alone. But my creativity, my passion wouldn't be fulfilled. Doing the management side and the acquisition side, all of that helps and I like helping other people do that as well because not everybody sees the full picture. Since I have my fingers in a lot of different pots, I feel I have this broad knowledge to help people who want to be investors, people who just want to get rid of their homes, people who want to renovate homes and just want me to bounce ideas off of, I'm happy to do that.                                     I'm a no fee type of guy when it comes out stuff, because number one, I love it. Ever since I left education, I feel like I'm missing that piece of giving back more. So a lot of my services are free when it comes to asking me, what should I do?                                     I'm happy to hold a hand every now and again, eventually, my [inaudible 00:08:25] is going to be taken up, but I like to guide people. It's part of the giving back projects that we do, is just helping people better because I've seen what real estate has helped me with. So I want to help other people do the same.                                     Hopefully people look at me as a resource, if they want to get rid of a home and or they want my help flipping it, or they just want to sell it. Hopefully they call me or knock on the door and say, hey can you help me with this? Because I'm happy to do it.                                     I'm definitely not the brains behind the project. My partners are very savvy. I feel like have a niche of finding properties and I feel like I have a niche of evaluation of properties, but all the credit doesn't go to me. My partners, they started before I did and it's the reason I look at them for mentorship as well. Jeremy Goodrich:          I heard a couple of things there. One, you and I have that in common that we're both former educators. I think that being a former teacher gives you the capacity to, one, like kind of empathy, right? Clearly we've both chosen to have jobs that we knew were not going to make us a bunch of money. There's some like element around that, that I think the service piece is really valuable and important.                                     The other one that I've found is that the capacity to explain things, I say to folks a lot, I explained how to do division to fourth graders for 13 years. I can explain how to navigate, REI insurance. I think there's something about former teachers who can explain and describe things in a way that isn't talk downey. That isn't like, let me show you how much information or knowledge I have. It's just kind of like, okay, here's my best of my ability, here's what I see and here's what I understand. So part of the value, it sounds like you bring to these scenarios is simply being an educator and the other is you found your value in being a resource on the element of finding properties. Chris Berg:                    Yeah. Jeremy Goodrich:          So, if a listener is like, well, I know I have this value, maybe I don't have the money, but I have the ability to, I'm a realtor and I know that I can connect with properties and be able to connect them with other people. Let's see if I can find someone with the money or just the ability to like reach out to people and talk with them about the stuff they're doing and what they're working on, ends up being an opportunity for you. Not that, that's what the intention behind it, you're just trying to help people but then it becomes opportunities as well. Chris Berg:                    You know, we've only been back in Bloomington and I've been in Indiana my whole life except for the one year in Colorado. But since we've been back, most of the deals we have with flips come from relationships and just mentioning, hey, I'm looking for another home. A lot of times they don't come for two or three months, but people, they come to me with deals and say, hey, my mom, she wants to get rid of her house. She doesn't know what to do with it. She doesn't want to list it on the market. It's in really bad shape. Do you know anyone? And I said, yeah me, this guy. Jeremy Goodrich:          Exactly. So let's talk about those relationships. How can a listener really, if they're wanting to create relationships, what are some of the ways you found that do that the best? Chris Berg:                    Yeah, the most organic way is, and I had a hard time doing this because I was never, I'm an entrepreneur, but never felt like I was a business person. When I engage in conversation, which I don't have a problem with, it was easy to tell people it was in education, I was a teacher, but when it come to telling them I'm a real estate agent or an investor to me at the beginning of this career path, it felt a little sleazy to me. I don't know why, but it just did. But- Jeremy Goodrich:          So with you, I'm so with you. Chris Berg:                    Pumping it into a conversation, It doesn't mean I'm trying to get the business. Now I'm just saying I invest and that's what I do. I'm super passionate about it. I love it. There's so many aspects of real estate that I love. So now getting myself and my wife to talk to people about it is becoming easier, but just, organically thrown it into a conversation is the best piece because there's always somebody listening who either owns a home or know somebody who wants to sell a home or get rid of a home.                                     I can talk real estate all day, so it becomes this natural conversation and I think they see my passion with it. Even if I don't buy the house, I will truly help them. I'll show them the best realtor for that type of home or the best way to go about it. I've talked to several people that wanted to flip or just get rid of the home. I've talked into refinancing because they just don't know the strategies of refinancing and using their equity for their benefit, so I've talked to them. So I feel, I've even lost deals from helping people get better in that way. Jeremy Goodrich:          I've talked to, in fact, an apartment association, I was talking with them about risk. They asked me as an insurance agent to come talk to them about risk. I was like man, insurance presentations are always the most boring. How can I make this not boring?                                     So I really talked about this balance between, look, everything we're doing is a balance between two things. One, on one side it's making money. If we're not making money on some premise, then we're not a business and we're certainly not going to be able to keep doing this for very long. On the other side, it's helping people, if we're not helping people, then we're just like some other terrible person out there, a slumlord and not doing what they're supposed to be doing.                                     If we're looking at our business and our investment properties as a balance between making money and helping people, we're naturally going to what you were saying, where we're naturally going to find great opportunities, because we're just trying to help people. In the case of the conversation I was having, we're naturally going to make good risk decisions. We want to make sure people get down the staircase properly and don't fall down. We want to make sure there's a smoke alarm in each apartment, so that if there's a fire, they don't die. These are just basic things we do if our intention is to help people at the same time. Chris Berg:                    You know, you and I haven't talked about this, but you've used the word risk [inaudible 00:14:13] and that's one of the reasons I never jumped into real estate earlier is because people see it as a very risky thing to do, rather than have that steady paycheck. The more and more people I talk to, because I really want to get more people into investing. I find out that there's just a large population of people who are so risk adverse that they're afraid to take action. But I will tell you, when my wife got on board with investing, which she wasn't always, as soon as she was on board, we took that one step, that leap of faith. We saw how it actually works. The tax advantages on the buy and holds, the flipping side of things, the flexibility in our day to day life that provides. Once we saw it work, our belief started going up and up.                                     That's one thing I'm trying to portray to other people who have not gotten into investing yet. Who have the knowledge, but just don't want them to take the first step. I'm trying to find a different way to explain to them that the juice is worth the squeeze. Jeremy Goodrich:          Yeah. It's like pouring out of a cup of risk or I'm using that again. But yeah, you have to take those first steps and then you see the value of it. So as far as those relationships, one is just talking about it all the time, like making sure that you're not forcing real estate into conversations, but truly just chatting with folks about what you do. Why you do it and why you love it is valuable. Chris Berg:                    Yeah. Jeremy Goodrich:          Are there other ways that listeners can build relationships that you've seen work? Chris Berg:                    Yeah. A couple things that I do is the contractors that I work with, the boots on the ground guys. I work side by side with them sometimes on the first flips that we do, to show that not only that am I knowledgeable, but I have a strong work ethic and that once they see that and we get more of a personal relationship, they're more, I've gotten several deals just for my contractors because they see that, I'm in it for the right reasons. I think that's an approach a lot of people don't take, because they get into this and they don't want to get their hands dirty, but I enjoy doing that. I don't like to sit behind a computer all day. I like getting out there and doing that, the real estate agents in town, getting out there and doing the dirty stuff with them as well.                                     We don't always love doing open houses, but I'll stop in and do the broker's opens with them and have conversations. That's different ways to create relationships with those guys as well because being an agent isn't as easy as what people think it is, it's a job that requires grinding. Jeremy Goodrich:          Yeah. So it's like connecting with your service providers in some ways. Chris Berg:                    Yeah. Jeremy Goodrich:          I think that we all know our network of folks and contractors is certainly in there. If they know what you do, why you do it and how you do it, then they're going to be likely to share the deal with you and that makes a ton of sense.                                     I want to talk a little bit about another topic, digging into the idea of diversifying your portfolio. You have a pretty diverse portfolio, as far as I can tell. It's multiple different places. It's multiple different types of investments. Is there a reason you've chosen to be as diverse as you are? Chris Berg:                    Well, because the market number one is volatile and you never know where it goes, but we enjoy all of our asset classes. As you know, Shine Insurance has the bulk of our portfolio, but we have short-term rentals. We have Lake homes. I believe we have four now, but because we just sold one. We do the Airbnb and BRBO, our cabins are in Kentucky and Tennessee. Then we have the apartment complexes as well and then obviously the flips.                                     We do it, number one because it's learning, so it's the education piece and we see the advantages of all them. We do the flips for the instant cash. We do the Vrbo and Airbnbs, those happen to be our best returns, but they're not in guaranteed especially COVID, and everything that it's brought to our doorstep, but the buy and holds the tax advantages, especially when you get into any of the tax advantages that we do, cost segregation and different things like that. Then as of this week, we're diving into mobile home parks. Jeremy Goodrich:          Oh cool. Yeah, there's a lot of people who've been very profitable in that type of investment. I think when done, right. It's a pretty solid way to invest. Chris Berg:                    It is. There's a few tax changes that recently came out that helped us decide to move towards that, so we're pretty excited about that acquisition. But, there'll be a huge learning curve for us as well, but we're pretty excited about it. But each bucket helps each other, so sometimes when our short-term rentals aren't doing as well, our long-term rentals help feed that. We've been able to keep each asset class afloat, taking the cashflow of each and helping each other with renovations, CapEx or whatever happens to be. Jeremy Goodrich:          That's really cool. So what I heard was, flips are cashflow, Airbnb tends to be a profitable space, buy and hold helps with taxes and also is probably the most stable of them all. And then the new mobile homes probably fairly profitable. Sounds like you're kind of learning about that space as you go. Let's talk about COVID for a second. You've described how diversifying has helped you. Certainly someone who is all Airbnb right now is probably hurting more than your portfolio is. How have you seen it affect your portfolio? Chris Berg:                    Man, it's crazy because I manage all of our Airbnbs, the first two weeks it was a massive canceled reservations across the board. But then the later this is last [inaudible 00:19:45] I mean, sounds like a play on words or a pun, but [inaudible 00:19:48] people are having cabin fever, so now more and more people are booking. So lots of cancellations beginning and then booking.                                     Airbnb admitted fault a couple of weeks ago. They allowed 100% cancellation refunds to anybody, which put the owners in a bind. Because we're business owners and now they're helping us out with a 25% refund of those. Jeremy Goodrich:          Oh, that's cool. Yeah. Chris Berg:                    Yeah, they're doing okay in that regard, but our Lake homes there's specific type of short-term rental, they're all waterfront or water access. It's definitely a vacation type of spot. It's not in the middle of the city, that they're isolated. So we haven't felt the hit as much as other people have. But I will tell you this outside of COVID, well, I guess that helps with COVID, so when COVID hit my family and I were going to one cabin, it happened right at spring break. So we took our kids down to cabin just to check up on it, see if it needs a paint job. We do some yard work, but then we found that they were shutting everything down. So we extended our vacation and we bounced around to all of them. We stayed at like a week or two at a time and we were able to turn it into a smaller vacation. I felt like we were cheating the system. Jeremy Goodrich:          That's really cool though. Chris Berg:                    It's the one asset class, we can truly enjoy personally. We can book it out for a week or two in the summer and we can go and enjoy those. If any of the listeners are able to do that or look into it, I'm happy to help them out or they questions about, happy to help them out with that as well. But it's that one asset class you can truly enjoy with the family, which we enjoy. Jeremy Goodrich:          It seems like and what you're saying is that it may be not as volatile as I was thinking it was, but it seems like Airbnb is a pretty big risk at this point, but you're saying, you're seeing some return of bookings. Chris Berg:                    Yeah. We've seen a return on books. I will tell you this though, this is just my thought. Airbnb is taking the side of the consumer rather than the business owners at this point. I think they're backpedaling a little bit. Jeremy Goodrich:          Yeah. Chris Berg:                    So we'll see, we happen to be more keen on Vrbo than Airbnb, we like their platform a little bit more. We feel like their policies are a little bit more strict and which help us out, but you have to be on both platforms to be competitive in the market. Jeremy Goodrich:          That makes sense. All right, so the two topics we dug deep into are relationships, how to build great relationships and then diversifying your portfolio. Great example of why to do that is right now with this COVID scenario, you've been able to, because you have a diverse portfolio sort of makeup losses in one area with the stability of other areas. I'd love to move into for those listeners who really want to take the leap from three to 10 doors up to finding financial freedom faster with a larger portfolio, getting to that place where you're at Chris, what are three steps that they could take to get there? Chris Berg:                    Well, the first one be providing value. Well, I have a bunch of steps, Jeremy, I don't know where I'm going with this, but I will tell you this. Jeremy Goodrich:          It's fine you can give me whatever you want. Chris Berg:                    I kept an open mind when I went into investing and the number one thing I heard was provide value. So what I didn't talk about is my wife and I are partial owners of a 42 unit in Louisville, Kentucky. We got in on that with zero money and then we also purchased a 16 unit, we're 50-50 owners of that one was zero money. It's because I found the deals, I put them together. I'm the boots on the ground, the manager of the managers. I did that because I provide value, there's so many different ways to get units, but you have to have an understanding with whoever's looking.                                     If you can provide them value rather than taking a paycheck, somebody could've given me 10 grand to find the 42 units and some people would run with it. Luckily we didn't need it. We live frugally, we do okay. We're not high rollers, so I didn't need the 10 grand so rather than take, and it was more than 10 for the 42 units. I said, I want the equity and then my partner, it's a different partner that, we have the units in [inaudible 00:24:04], that was a straight up cash deal. He said, I'll give you 50-50, if you find it and you do everything. So, I got lucky on that one. So I'm a 50-50 owner on [inaudible 00:24:16] those with zero money in the deal. Jeremy Goodrich:          Wow, so as a [inaudible 00:24:18]- Chris Berg:                    We've done capital injections or was it even an acquisition by realtor. We found an off market, it was pre-market type of thing- Jeremy Goodrich:          That's awesome. Chris Berg:                    So many different ways, but I will tell you if you don't have the network of people that I do, which is, I think there's always somebody looking, the way that we got in, I truly believe it is, the BiggerPockets calls it house hacking. We house hacked. We took a decent home and we renovated the kitchen and the bathrooms and we did landscaping and we called in an appraiser and he appraised our home for 70 grand more than we bought it for. We took 80% of that and we bought the triplex. And then the triplex turned into a different one, so using the equity in your own home is an excellent strategy. Jeremy Goodrich:          Yeah, that's kind of creative financing maybe not the key definition of creative financing, but it's a obvious way to creatively finance something by using the equity in your home and starting from there and growing out of there. And realizing that sitting back and growing equity in a home is one approach. Certainly there's positive to that, but that equity is the capacity to grow that number exponentially. I think a lot of people are finding more and more that using that equity to grow your portfolio is a good idea. I guess maybe I turn that around into a question. What are your thoughts about when to use your equity and when to grow equity in a property? Chris Berg:                    I think the answer to that is individual, you'll know when you're ready. So to this date, we have taken zero dollars from our investment properties are buy and hold because they are long-term play. When we were ready for long-term play, we said, let's use our equity. That's when it's time, when you've had almost enough of like the status quo, if you can buy a house for a 100,000 and you need 30 grand to fix it up, look at your equity and see if that's enough to get that done. So, when the time is right. Jeremy Goodrich:          That makes total sense. Okay, cool. So providing value was the first step. What would the second one be? Chris Berg:                    It's easier for me than you to say, but it's all day it's education. Education, it doesn't matter how you get it. It's podcasting, it's reading books, REI groups, it's mentorships. I'm always talking and thing is I'm learning every day, there's so many different strategies. I think a lot of people get into this after they read Rich Dad Poor Dad but mine was a different book and mine was a different, I'd read Rich Dad Poor Dad and it helped me conceptualize the whole idea of investing in getting money to work for you. But I use all of these education pieces to help me podcasting books, REI groups and then I have my mentors, which happens to be my best friend and my other partners. So we all just bounce ideas off each other. We get creative. Jeremy Goodrich:          That makes sense. I've heard over and over again that, there's two pieces to making good decisions. The first one is education and the second one is experience and you can't buy experience, but you certainly can buy or find or put headphones on for education and you build that foundation and then you make some decisions, take some chances and get that experience. Chris Berg:                    Yeah. You know, I've never told somebody this, but when I got serious about investing and it was years ago, but first podcast I listened to on the way back from Colorado was I think it was Spouses Flipping Houses. It was okay and it got me, peaked my interest. Jeremy Goodrich:          Was it like interpersonal part of like two people married to each other and having to navigate the construction and yeah, okay. Right on, cool. Chris Berg:                    It was great and then again, my business partner, he goes, have you heard of BiggerPockets? And I said, no. So I literally, I jumped into like episode 100 and then I'm like, wow, this is good. And so all I did, and this is anybody who gets obsessed about anything like me, I'm all the way to episode number one. I listened to every single one. When I went jog, mowing the lawn. I always had my headphones and I listened to it. It's a complete education. And it's a bunch of terms you didn't understand, once you hear them a hundred times, you start to understand it. It was just great. It's fun. Jeremy Goodrich:          So providing value and your example was how you got into these 42 and 16 units by being the person who facilitated finding those buys and then education learning as much as you can. Let's finish out this episode with one more step to clarity for someone who wants to take that big leap. Chris Berg:                    Mine is, whatever opportunity, so this is a keep an open mind part a little bit. I guess I'm giving you four, but it doesn't matter if it crosses my desk, my crosses in front of my face. If it's an opportunity, I truly heard it and I don't know who told me, but a lot of people have heard it. It's not, I can't afford it. It's like, you have to ask yourself, how can I afford it?                                     If it's a deal, it's a deal. If I don't have the money in my pocket, I've got to figure out, all right, I don't have it, but how can I get it? I don't have to own a hundred percent of it to be a victory. If it's 10%, then I'm super happy as well. It's 10% better than 0%. Then I think the one thing that I bring to the table is just grinding. I'm non-stop all the time. Again, I'm never focused too much because I'm always thinking about the next step or something else going on, but I'm always out there grinding. My wife hates the word grind. No, she hates the word hustle, which I think is just a spin on the word grind. Hustling sounds a little bit more sleazy. Jeremy Goodrich:          You can do both hustle, grind, work hard, get it done. All of them you can do well and you can do poorly. You can do ethically and you can do sleazy, but it really is. It's just like hard work and I think that you put a lot of things together. Chris Berg:                    Yeah, that's a good way to put it, it's just hard work. Jeremy Goodrich:          Yeah, absolutely. Chris Berg:                    The truth is, one thing I haven't portrayed in this interview is, I fricking love what I do. I'm having a blast. Jeremy Goodrich:          Yeah. Chris Berg:                    I mean, as soon as I get off here, I'm going to go to a listing meeting for a probate and I'm super excited about it. Because, I know I can help the family out to get rid of that asset and help them make some money. Then I'm going to go over to a flip house and see how the renovations are going. It's so much fun, this whole real estate investing. Jeremy Goodrich:          I love it so much and it's exciting to listen to you and hear from you, Chris, on how you're doing it. I feel like there's been a lot of insight here and a lot of forward progress. So you mentioned that you're willing to help folks out. Obviously no one should be taken advantage of that. But if someone does want to get in touch with you either for some help, some questions or to have you, do the work that you do for them, how can they do so? Chris Berg:                    Yeah, they can email me, which is livekirkwood@gmail.com. So live Kirkwood, gmail.com, or they can text me. It's fine. It's kind of the hug of death if give out your phone number, but they can find me on the internet. Jeremy Goodrich:          Yeah, sure. Chris Berg:                    kirkwoodbtown.com is my website. It's pretty basic, but it's good enough for information and my contact information is on there. I do Facebook posts and Instagram and I have a small YouTube channel, all that stuff. So find me on social media. Jeremy Goodrich:          Sweet and all those things are linked in the show notes below the show. If you want to find Chris, there's all those ways to do that. Chris, thank you so much for being on the REI Clarity podcast. I think you created clarity for a lot of folks today. Chris Berg:                    Thanks man. I appreciate it, had a great time.

In this special episode of Tarot Tales, I perform a reading for Lauren Weatherall, a marketing consultant and all-around good egg. The reading took place in the Shine Insurance podcast studio at Dimension Mill, a co-working space, in Bloomington, IN. After having interviewed ten tarot professionals in season 1 of Tarot Tales, it made sense... The post Lauren Weatherall appeared first on Scott Kellogg Tarot.

There's a lot that goes into getting a mortgage. Join Jeremy as he interviews Ryan Langley, VP Branch Manager of Ruoff Mortgage in Bloomington, IN, on just how to get there.    Freebie: Get your money right video series Level up: New Home Buyer’s Guide comprehensive ecourse Contributors to this episode include: Host - Jeremy Goodrich  Copy Editing - Talia Chakraborty If you enjoyed this episode, stick around: SUBSCRIBE on Apple Podcasts.  REVIEW the show and SHARE with friends. JOIN the New Home Buyers Guide course to own the home buying process and the home of your dreams. With a 100% money back guarantee, you’ve got nothing to lose and a sweet house to gain. Thanks for listening!  More great stories & information at: YouTube - Podcast - Pinterest Course - Shine Insurance Full Transcript: Jeremy Goodrich: I'll introduce you again and then I'll pick the one I like better. Ryan Langley: Okay. No problem. Jeremy: We'll see how this intro goes. All right. Hey this is Jeremy from Shine Insurance and today I've got a special guest on our channel and his name is Ryan Langley. Ryan is the vice president branch manager of Ruoff Mortgage here in Bloomington, Indiana. He's a mortgage lander, and he has tons of information for us about exactly how to go about getting a mortgage and the processes you should think about. Now, in this video we're not going to talk about kinda the back end of very ends of the process. We're going to talk about maybe the most important part of the mortgage getting process. I don't even know if that's an actual phrase, but we're going to talk about the five steps you need to take before even considering buying a house. So Ryan, thank you so much for being with us today. Ryan: Thanks for having me. Jeremy: Okay. I'm really excited, I've decided I want to buy a house. I'm going to go out, I'm going to get a realtor, I'm going to start looking at houses right away. Is that what I should do? Ryan: No. Jeremy: And so why not? Ryan: Yeah. Getting the realtor is definitely part of the process. Jeremy: Mm-hmm (affirmative). Ryan: You're going to want to kinda keep that part of mind up front. But there's several steps that you should take prior to going out and rushing out and making an offer on a home. For starters, most realtors are going to want to make sure that you've got your ducks in a row and have taken some steps to make sure that you're ready to buy a house before they can even start showing you the home. Jeremy: What do you mean by ready to buy a house? What do I need to be to be ready to buy a house? Ryan: Sure, sure. The first thing that I will always advise anybody that comes into office that's just thinking about it, just at the very early stages, is to take care of those things that you know might be an issue in your credit report. Jeremy: Mm-hmm (affirmative). Ryan: You know that you've got some late pays, or you routinely pay late on the credit cards, due loans, auto loans, you name it, on the type of debts that you may have out there. Make sure you get your house in order regarding your current debt obligations. That doesn't mean pay them off necessarily, but that definitely means make sure that you're current on every single payment and that you have been current on them. If you're habitually late on your payments each month, that's often times viewed as a negative on your credit report and your credit score will reflect that. Jeremy: Mm-hmm (affirmative). Ryan: That would be one of the very first things that you should think about if you're thinking about purchasing a home, is making sure that everything's up to date and you're paying things on time. Jeremy: So figuring out your credit score is really that number one? Ryan: Mm-hmm (affirmative). Jeremy: Being up to date on payments is one way of addressing your credit score. When you see people trying to fix their credit scores, are there some more important things than others? Ryan: Number one thing is, on all debt is make sure that you're current. One of the worst things that you can do is to get late and stay late on it. Jeremy: Mm-hmm (affirmative). Ryan: If it's a... One or two here and there that are over 30 days. Most credit bureaus don't report until you're over 30 days late on a payment. Jeremy: Mm-hmm (affirmative). Ryan: You've got some leeway time in there most often. But you really want to make sure that everything is paid on time. Now paid off necessarily, 'cause some debt's a good thing. But you want to make sure that everything's current. Jeremy: Having your credit in order, and the best way you can do that is by keeping everything current, keeping your debts paid. Not necessarily paid up completely, like paid down. Ryan: Mm-hmm (affirmative). Jeremy: But your debt's up to date. Okay. What's the next thing we should do to get our house in order before buying a house? Ryan: Next thing you should consider is taking a look at your finances and getting a good idea of what you feel you may be able to afford. Jeremy: Mm-hmm (affirmative). Ryan: That may not be necessarily what the lender will tell you later on, but it's always helpful for a lender if we got a general sense of the price range that you're looking in. Jeremy: Mm-hmm (affirmative). Ryan: For a first time home buyers, it obviously depends on your current income situation. Jeremy: Mm-hmm (affirmative). Ryan: It depends on if you're single. Depends on if you've got multiple incomes in a household. There's a lot of factors that you would take into consideration yourself and there's all kinds of calculators out there online that you can log on and see to get a general sense of what a payment may look like and what they may look for. And a very good starting spot would be what are you paying in rent each month. Jeremy: Mm-hmm (affirmative). Ryan: Are you struggling to make that payment as it is right now? Or, are you making it easily and you can afford some more payment? A very good starting spot would be to kinda look at where you're at on your rent payments, versus what you might be able to afford on a monthly basis on a mortgage. Jeremy: Okay, cool. If I wanted to look up one of those calculators, what might I choose for my Google search? Ryan: You can go to ruoff.com. Jeremy: Okay. Ryan: We've got calculators on our website that you can use, and that's typically where I would direct you to go and find a good calculator to use. You can also use any numerous websites, bankrate.com. There's a lot of other ones out there- Jeremy: Okay. Ryan: That would be sufficient. Jeremy: Mortgage calculator. Ryan: You can type in "mortgage calculator", and you'll get a 100 different options on finding it. Jeremy: Okay. Ryan: They're all going to be accurate. You put in, for the most part, most first time home buyers are going to be looking for a 30 year fix mortgage, so you type in "mortgage calculator", use the rate that they've got in there just for an example, that doesn't mean that's what rates are currently, but that does give you a general sense of where you would be on a monthly payment. Jeremy: Okay. I'm going to get my credit in order, I'm gonna look at what I might be able to do as far as a payment goes using my rent as a great example of a place to start. Ryan: Mm-hmm (affirmative). Jeremy: Then ruoff.com mortgage calculator would be another wonderful place to kinda figure that out. Okay, that's the first two. What's the next thing I should do? Ryan: Next thing you should do, before reaching out to a lender, which will be step four, but before we get to step four, step three is to start thinking about the preliminary documentation. Yes, it does take a lot of paperwork, or what can feel like a lot of paperwork at times... Jeremy: Mm-hmm (affirmative). Ryan: To get a mortgage, to obtain a mortgage. Jeremy: Mm-hmm (affirmative). Ryan: The base amount of documentation that almost every single mortgage lender will ask you for would be a driver's licence or a passport, your last two years federal tax returns, last two years W2s. If you receive W2s, your most recent pay stub, and your last two months complete bank statements that may show any assets that you have available for down payment. That would be the core group of items that you would need to get. Of course, it will always depend on your situation, depends on if you're self employed, depends on if you've got additional businesses that are attached to that. Those things can change, but that would a very good list of things that you should think about, just getting upfront before even calling the mortgage loan officer. Jeremy: Cool. If you didn't write that down, we put it down in the notes right below this video. You can look at the list of things that you should have ready before you even call a mortgage lender. Okay, so that was step three, get your documentation in order. Ryan: Mm-hmm (affirmative). Jeremy: Step four, you've kind of already alluded to, let's go for it. Ryan: Step four, that's when you're calling the mortgage lender and you set an appointment. Often times, as a first time home buyer, it would be helpful to meet face to face, but anymore in this day of age where we can access anything online, the vast majority of mortgage lenders are going to have that option for you to go out and apply for a mortgage online. Jeremy: Mm-hmm (affirmative). Ryan: Though, anytime a first time home buyer, if you're looking... The mortgage lending process has become so complex and there's so many regulations and so many documents out there, any time that you can get face to face with a lender I would suggest that you do so. Jeremy: Mm-hmm (affirmative). Ryan: So that they can help thoroughly explain the cost and the fees and everything that's associated with the process. More often than not, the mortgage pre-approval process should take anywhere from an hour to an hour and a half. Jeremy: Mm-hmm (affirmative). Ryan: It shouldn't take much more time than that. Jeremy: Mm-hmm (affirmative). Ryan: If it does, you can go back to our previous video and hear what I have to say about the communication piece. Jeremy: Mm-hmm (affirmative), and that is the- Ryan: It all comes back to communication. Jeremy: Yeah, and that video is the three different things to think about when you're choosing a mortgage lender, and you can see that on the Shine Insurance YouTube channel as well. Step four, going ahead and contacting the mortgage broker and getting pre-approved for a loan. Okay, what's step five? Ryan: Well, step five, what I did have is you want to save some down payment. Well, that may not necessarily be true for everybody's scenario. Jeremy: Mm-hmm (affirmative). Ryan: We do have loan programs where you can have zero percent down, loan programs where it only takes three percent or three and a half, and that money may be coming from a relative in the form of a gift. Jeremy: Mm-hmm (affirmative). Ryan: That's definitely something we can add to our list if you're considering receiving a gift there's different loan programs that we will accept it and different loan programs that will not. Jeremy: Receiving a gift as a down payment for a mortgage? Ryan: Sure. Certainly. Jeremy: I see. So, your dad or mom wants to pay the down payment as a gift and some tax benefit potentially happens there. Ryan: Certainly. Jeremy: Some companies will let that happen and some won't. Ryan: Well, most companies will, but it does depend on the mortgage product itself. It depends on whether or not it's FAG or conventional loan, USDA, or a home ready product where it allows for a three percent down. Jeremy: Mm-hmm (affirmative). Ryan: There's a lot of programs that have different rules and regulations, which you really want to make sure that the mortgage lender that you're working with is knowledgeable and understands those rules, and which products can be used... Either that you use a down payment as a gift form and which ones you can not. Jeremy: Right, okay. Ryan: But I would say the fifth and final thing that we should discuss leading up to the mortgage is get a general sense of who you're going to want to work with as a realtor, if you're going to be shopping for homes. Jeremy: Mm-hmm (affirmative). Ryan: And also get a general sense in your home owners insurance, which is a very important piece that's always, or often times, not always, but often times overlooked in the beginning stages of the process is you want to kinda have a general idea of who you may want to work. I would always, always encourage you to use a local insurance company versus going online, just like I would always encourage you to use a local lender verus going online to find a lender. Jeremy: For the same reasons, because the advice is better, the contact is better, the communication is better and then that's true for I think both sides. Okay, so step five was... Ryan: Step five would be to get a general sense of who you're going to use for as a real estate agent and who you would be using for your home owner's insurance. Jeremy: Okay. All right, cool. Well, that sounds really good. All those things, and I think what's so great about talking about this right now is both you and I see, as we see people purchasing homes, that they don't do a lot of this stuff ahead of time. Then it becomes a disappointing scenario. Instead, I really think buying a house should be fun. Ryan: Yeah. Jeremy: But it can very quickly turn into a lot of work, tragedy, disappointment, things of that nature. I think the five steps you've talked to us about today will help folks to avoid that. Ryan: Absolutely. Jeremy: Okay. If folks want to come and find you for a mortgage, how can they do that Ryan? Ryan: The best way to contact me would be to call, phone number here in Bloomington, which is 812-650-3800, and also be found online at www.ruoff.com. That's R-U-O-F-F.com Or send an email directly to Ryan.langley@ruoff.com. Jeremy: All right. Well, thank you so much for taking some time out of your schedule today to help us understand mortgages a little bit better. Ryan: Thank you for having me.

It all depends on how dedicated you are to consistently doing it and your willingness to improve. At least those are two of the biggest secrets to starting and sticking with a podcast that's going to bring attention to your agency. It's hard to be awesome at talking to people right away, but with a little practice you'll be developing relationships and bringing value to your ideal client every week. When that starts to happen your agency becomes front and center for an eventual insurance conversation. That's what I talk to Jeremy Goodrich, of Shine Insurance, about all the attention he's been able to attract for his agency.

It all depends on how dedicated you are to consistently doing it and your willingness to improve. At least those are two of the biggest secrets to starting and sticking with a podcast that's going to bring attention to your agency. It's hard to be awesome at talking to people right away, but with a little practice you'll be developing relationships and bringing value to your ideal client every week. When that starts to happen your agency becomes front and center for an eventual insurance conversation. That's what I talk to Jeremy Goodrich, of Shine Insurance, about all the attention he's been able to attract for his agency.

Today's episode starts a new series of one air coaching session between business owners and executive coach David Quick.  We start with ourselves, Jeremy & McKenzie Goodrich owners of Shine Insurance.  Our crossroads is How Do We Strategically Scale?   The Crossroads episodes of Scratch Entrepreneur are all about solving a specific point of growth for our guest.  David and Jeremy ask thoughtful questions for the first half of the show.  Their goal is to get at the heart of the factors that affect this point of growth.  The second half of the show is all about solutions.  David will offer three next steps and the outcomes that he sees from taking them. We’re glad you joined us! Don’t’ forget to listen to the after show recorded just for our Patreon community: JOIN HERE   This episode’s big question: How to scale your business? Episode topics include: Introduction to the Crossroads format and David Quick (00:45) Shine Insurance, who are they and what to they do? (4:00) Mindset for hitting expectations (7:30) What does thriving mean to Shine (9:20) Where is Shine not thriving? (12:15) What Jeremy and McKenzie enjoy about their roles at Shine (17:15) Challenges and concerns of bringing on employees (21:30) Who’s the ideal candidate? (29:20) The Hiring Process (36:30) Mentioned in the episode: Shine Insurance Helping Bulls Special thanks to Jeremy and McKinzie for being willing to pull back the curtains and share this business crossroads. And, of course, a huge thank you to David Quick for offering his time and expertise. You can find David and many of his resources at HELPINGBULLS.COM   Contributors to this episode include: Host - Jeremy Goodrich Co-Host – David Quick Music - Mark Vinten Editing - Christopher Lang If you enjoyed this podcast, there’s a couple of things we need you to do right now:  SUBSCRIBE to Scratch Entrepreneur on itunes, Stitcher, Google Play or wherever you listen to podcasts  While your there, please REVIEW the show  SHARE with friends Finally, please, JOIN the Scratch Entrepreneur Facebook Group Then, please share the show with whoever you think it will inspire. Until the next time, We truly appreciate you listening.   Need Shine? More great stories & information at: Youtube - Blog - Podcast Facebook - Twitter  

Have you ever dreamed of going viral, schmoozing with the stars, swimming in piles of virtual likes and shares, retweets and smiley faces? I mean who doesn’t want fan mail, right?  Our guest today is fortunate enough to have experienced all of that but here’s the thing, he wasn’t really dreaming of it.  In fact, as it turns out, most people who go viral weren’t.  Generally they are living life like the rest of us, chasing passions, making ends meet, and then one day this one part of their world blows up.  Today Mike Bridavsky, owner of Russian Recording studio and dad to world famous cat Lil Bub shares his story.   We’re glad you joined us!    Here's an overview:   Early Memories of Entrepreneurship Mike always attracted to creating businesses.  Even as a young kid in his parents’ community of Russian immigrants he would sell berries to his neighbors.  By the time he became a teenager he fell in love with recording music.  Immediately he started recording bands.   The Two Sides of Owning a Business For Mike there are two sides.  The thing your business is about and then the process of owning the business itself.  Mike loved both.   A business is the ultimate customization of something.  You get to pick the brand and the marketing and the place.  The other side is the passion, the thing you love so much that you want to help others with it.  What can be hard when you really love what you do is the monetization.  The “does my business work on paper?” part.  It’s something   Why Recording Studios Are The Worst Business Model Ever The overhead with a recording studio is insane.  All of the equipment is super expensive.  It takes about $300,00 to really get it put together.  But the recording industry has completely changed since the 1990’s.  Rates for a day of record have dropped from $5000 a day to $500.  So the amount you can make on your best day is pretty much break even.   Yet Mike still continues.  In 2007, he decided to go all in.  He got a large loan, quit his day job, and built his dream studio.  Mike and I walked through before the interview.  He showed me a 50’s era Russian ribbon microphone that could have amplified the voices of Russia’s biggest political leaders.  I walked singing from the band room to the dead room and listened to the change in my voice.  Every detail of the space was beautiful… and expensive.  It’s clear that Mike built his dream and his passion for the perfect audio space drove everything, maybe even just a little too far   It All Goes Bad, Then Good After he built the studio, it all went bad.  Bands weren’t showing, he wasn’t able to pay rent, the whole thing was bombing.  And just at that moment, Mike’s cat got famous. Mike had a blog for his Cat Lil Bub.  It was kind of a fun thing.  Him and a friend were kind of pretending like their cats were famous.  Then suddenly one of the blog posts went viral and tons of people wanted to buy t-shirts.  Mike’s entrepreneurial spirit kicked in and his love for Bub became a vehicle for everyone else to love her too.  Lil Bub is in charge, Mike is the facilitator.   The Story of Lil Bub As the person who’s been there from the beginning, Mike truly believes Bub is in charge.  His job is to control the train He employs strict rules about how things work if someone wants to do an event, show, book, or whatever with Bub.  He’s seen that saying “No” to people is actually a great way to get exactly what you want.  They really don’t need to do any of the things their asked so they only do it if it fits perfectly.  Mike just lives life with Bub (and photographs it of course).  He tries to follow Bub’s lead and see where they go.   Lessons Mike has learned: Passion and will power are great but you’ve got to understand the numbers too Various sources of income is important You can’t give all your money away Be Authentic! Going viral never happens on purpose    Special thanks to Mike Bridavsky for taking the time to share the Russian Recording & Lil Bub story with us.   Mentioned in the episode: Russian Recording Lil Bub’s Big Show Lil Bub Animal Planet Show Lil Bub Book Lil Bub on The View YouTube Big Live Comedy Show with Jack McBrayer & Workaholics   Sponsored by Shine Insurance - https://www.shineinsurance.com/ Music by Mark Vinten   Learn more about us at: Our Site -  www.shineinsurance.com Our Blog - www.shineinsure.com/blog Our Podcast - www.scratchentrepreneur.com Our Course - www.newhomebuyersguide.net

We’ve all seen those sad animal commercials, right?  Underserved, scrawny, abused pups that need your help.  On this episode, we sit down with someone who decided to address the problem head on.  Not by donating a few bucks but by dedicating her life’s work to serving these animals.  Who is this superhero to destitute animals?  It’s the director of Monroe County Humane Association, Rebecca Warren.  Rebecca tells the story of how she took a misguided voucher program and converted it into a vet tech clinic where lower income folks could get basic veterinary services for their animals.  She shares the highs and the lows of what it’s like to build a not-for-profit that cares for sick animals each and every day.    We’re glad you joined us!    Special thanks to Rebecca Warren for taking the time to share the Monroe County Humane Association story with us.  Really, if you have an extra dollar, fifty, or a ten acre piece of land, right now is the time to share it and help Rebecca and her amazing crew of vets change the lives of one sick animal after another. If you can’t do that, at least pop a cute pic of your furry friends out on social media and give the human association a shout out.  You can do that with the hashtag #mcha or #scratchentrepreneur  If you enjoyed this podcast, there’s a couple of things we need you to do right now.  First subscribe to Scratch Entrepreneur on itunes, Stitcher, or wherever you losten to podcasts so you can hear future episodes as soon as we release them.  While you’re there, please give the show a review.  We’d love to know what you liked, what you didn’t, and what you want to hear next. Until the next time, We truly appreciate you listening. Monroe County Humane Association - http://www.monroehumane.org/ Sponsored by Shine Insurance - https://www.shineinsurance.com/ Music by Mark Vinten   Learn more about us at: Our Site -  www.shineinsurance.com Our Blog - www.shineinsure.com/blog Our Podcast - www.scratchentrepreneur.com Our Course - www.newhomebuyersguide.net

On today’s show we chat with small business icon Jeff Mease who took the work ethic he learned from an early age and built a pizza shop that sprouted a restaurant which naturally needed a brewery.  Once all of that was humming, he created a community commissary where other small food businesses could start just like he did.    After over 30 years of growth, Jeff now steers a ten million dollar per year organization and the new ideas just keep coming.   Here’s an overview: What early stories from Jeff’s life set him up to succeed as a business owner? Jeff was the youngest of five kids.  He worked at his dad’s grocery store from an early age.  He did everything from sorting recycled pop bottles and bagging groceries to running the deli.  Besides a general work ethic, one of the largest lessons was how to keep things clean. Eventually, in the early 1980’s, he left his home in Ohio and headed to college at Indiana University.  He majored in business and worked at the local Domino’s Pizza.  What he really learned in those first years was that he didn’t need a business degree to start a great business.  When the opportunity presented itself, he decided to Make a business plan and start his own pizza shop.  Jeff learned at that moment that he loves starting things.    What happened when Jeff tried to expand outside of the core Bloomington businesses? Jeff has always been building on the foundations he builds.  When he tried to jump from the core business and start something on his own in South Florida it just didn’t take.  He learned he needed his team and his team need him.  He came back and refocused on the Bloomington, Indiana businesses.    How does Jeff feel about franchising? Jeff found the Dominos franchise as a really clear and simple system for running a business.  On top of that, his businesses are all on heavily franchised industries.  But Jeff feels like local accountability is really important for business and heavy concentrations of power are problematic for democratic ideals.  For both of those reasons, he’s commited to avoiding franchises.  His plan is to grow organically and locally.    What’s special about the One World business? Jeff’s goal is to add interesting foods and interesting experiences.  His businesses are eclectic and different while still being responsive to the custumers palette and food needs.    How did the One World Commissary come into being? Jeff’s restaurant and pizza shops have always needed a central place to create the core food products.  Long ago he created a commissary that feed the prepped foods.  At some point he started sharing the prep space with other businesses.  More and more businesses wanted to rent food prep space from Jeff and it got to the point where they were out growing the space.  At the same time, they lost their lease in the current building.  The timing was perfect.  They went out and found a 36,000 square foot space which now houses the commissary for Jeff’s businesses and for more than 30 other businesses as well.    As the owner of a large business with more than 200 employees, what advice do you have for buddine entrepreneurs? You have to go out and really understand the business you want to be in.  Understand the scalability and how that works, ask people who already own businesses in that industry. Don’t be over protective of your ideas.  You have to share ideas to find out if they’re good or not. Don’t get addicted to Education.  Kick the school and go work for people who are already doing it.   What does One World look like in 5 years? Jeff’s planning to grow in Bloomington.  More pizza, growing the catering, & starting a couple of different restaurants are all in the 5 year plan.   A special thanks to Jeff Mease for sharing the story of One World Enterprises. You can find the businesses here: One World Enterprises Pizza X Lennies Bloomington Brewing Company A few of the businesses in the One World Commissary: Bloomington Bagel Company Everyday Adventure Treats (formerly Ugo Bar) The Big Cheese Lucky Guy Bakery Music for this episode provided by Mark Vinten   Learn more about Shine Insurance and the resources we provide: Youtube - Blog - Scratch Entrepreneur Facebook - Twitter