Podcasts about strata sfr

Send us a textIn today's episode, Vinki Loomba sits down with Adam Stern, a seasoned real estate executive and CEO of Strata SFR, to dive deep into the often-overlooked world of residential land and lot investing. Adam shares his insights on how to successfully navigate land development—from understanding the entitlement process to leveraging small amounts of capital for significant returns.Key Takeaways:Land and Lot Development Overview: Land investing offers a high potential return with relatively low initial capital investment.Understanding Entitlement: The entitlement process is key. Before you can develop land, it must be evaluated through various surveys (e.g., environmental, geotechnical) and approved by the municipality.The Role of a Strong Team: To succeed in land development, you need to assemble a team of experts—engineers, architects, and local consultants.Capital and Risk Management: While locking up land with a small down payment is possible, the real challenge comes with financing the full development process. Real Estate Market Outlook: While land investing remains a stable asset class, high interest rates and a possible slowdown in the housing market could impact land values.

On this encore episode of the Passive Income Attorney Podcast, Seth is joined by build-to-rent expert Adam Stern as they talk about why the build-to-rent model is so powerful and how it has and will continue to transform the commercial real estate landscape. Adam is the founder and CEO of Strata SFR, a company focused on the single-family portfolio rental sector. Inside this episode Adam and Seth take a deep dive into the intricacies of the build-to-rent asset class and the unique risk mitigation propositions and exit strategies that has made this industry skyrocket. Enjoy the episode!   “The more people you connect with, the more wealth and opportunities you get to share and see.”   HIGHLIGHTS: Here's a breakdown of what to expect in this episode: ✅ The cost-effectiveness of building a new house rather than buying an existing one ✅ What the build-to-rent asset class is, and why it is attracting so much attention ✅ How BTR differs from multifamily ✅ The advantages of multiple exit strategies ✅ Adam's insights on the future of the BTR asset class ✅ And so much more!   ABOUT | ADAM STERN: Adam Stern has transacted on more single-family rental portfolios than any other single professional in the SFR industry. He has built a firm presence in the institutional single-family rental industry since its emergence in 2010. Over the past decade, he has made a career listing and selling existing rental property portfolios to and for some of the largest institutional investors in the space, as well as newly emerging private equity groups.   Adam has over a decade of real estate experience. Before launching Strata SFR, he was the president and co-founder of an online single-family rental property marketplace, OwnAmerica, which was sold in 2019.   FIND | ADAM STERN: Strata SFR: https://stratasfr.com/ ListHyve: https://listhyve.com/  

On this encore episode of the Passive Income Attorney Podcast, Seth is joined by build-to-rent expert Adam Stern as they talk about why the build-to-rent model is so powerful and how it has and will continue to transform the commercial real estate landscape. Adam is the founder and CEO of Strata SFR, a company focused on the single-family portfolio rental sector. Inside this episode Adam and Seth take a deep dive into the intricacies of the build-to-rent asset class and the unique risk mitigation propositions and exit strategies that has made this industry skyrocket. Enjoy the episode!   “The more people you connect with, the more wealth and opportunities you get to share and see.”   HIGHLIGHTS: Here's a breakdown of what to expect in this episode: ✅ The cost-effectiveness of building a new house rather than buying an existing one ✅ What the build-to-rent asset class is, and why it is attracting so much attention ✅ How BTR differs from multifamily ✅ The advantages of multiple exit strategies ✅ Adam's insights on the future of the BTR asset class ✅ And so much more!   ABOUT | ADAM STERN: Adam Stern has transacted on more single-family rental portfolios than any other single professional in the SFR industry. He has built a firm presence in the institutional single-family rental industry since its emergence in 2010. Over the past decade, he has made a career listing and selling existing rental property portfolios to and for some of the largest institutional investors in the space, as well as newly emerging private equity groups.   Adam has over a decade of real estate experience. Before launching Strata SFR, he was the president and co-founder of an online single-family rental property marketplace, OwnAmerica, which was sold in 2019.   FIND | ADAM STERN: Strata SFR: https://stratasfr.com/ ListHyve: https://listhyve.com/  

In this episode of Inside SFR, I sit down with two of Strata's top brokers Ian Edmiston and Alan Sestito to discuss the changes in the market over the last several months. We share the insights we have picked up on by speaking with SFR portfolio owners, builders, and institutional fund buyers on a daily basis. If you aren't sure what your next move should be in this environment, then tune in as we share our best practices for handling deals in an evolving market. Visit our new website to learn more about Strata SFR: https://stratasfr.com Connect with Adam on LinkedIn: https://www.linkedin.com/in/adamstern00/ Video Version of The Inside SFR Podcast: https://www.youtube.com/channel/UCbjuWSWShZ0cJX6aboljzGw If you liked our podcast, you can find more of our content at the links below. Youtube: https://www.youtube.com/channel/UCV95RqeF9EqnI0qvCjaf44w Facebook: https://www.facebook.com/StrataSFR Instagram: https://www.instagram.com/stratasfr/ Tiktok: https://www.tiktok.com/@stratasfr LinkedIn: https://www.linkedin.com/company/strata-sfr

In this episode of Inside SFR Adam is joined by one of Strata SFR's lead brokers Ian Edmiston, to have a conversation about the seven principles all great brokers follow no matter what industry or practice they exist in. Visit our new website to learn more about Strata SFR: https://stratasfr.com Connect with Adam on LinkedIn: https://www.linkedin.com/in/adamstern00/ Video Version of The Inside SFR Podcast: https://www.youtube.com/channel/UCbjuWSWShZ0cJX6aboljzGw If you liked our podcast, you can find more of our content at the links below. Youtube: https://www.youtube.com/channel/UCV95RqeF9EqnI0qvCjaf44w Facebook: https://www.facebook.com/StrataSFR Instagram: https://www.instagram.com/stratasfr/ Tiktok: https://www.tiktok.com/@stratasfr LinkedIn: https://www.linkedin.com/company/strata-sfr

The concept of Build For Rent housing & rental management is changing the landscape of the property management industry. In the past few years, Build For Rent communities have skyrocketed across the US as renters left large metros in search of the space offered in a Single Family home. Strata SFR has quickly become a national leader in the fast expanding "Build For Rent" segment of property management. So, we sat down with Lee Hoffman who works directly with Build For Rent projects at Strata SFR to learn the ins and outs of what this segment expansion means for Property Management companies nationwide.    This podcast is brought to you by Latchel & Rent Manager.  Rent Manager is an advanced property management software built for residential, commercial, and short-term portfolios of any size. With a fully open API and the most robust list of integrations in the industry, Rent Manager is the most flexible and customizable software out there. Learn more at https://RentManager.com/LatchelPodcast

In this episode of Inside SFR, Adam Stern talks with Bruce McNeilage, Co-founder & CEO of Kinloch Partners. Bruce is an industry insider in the Single-Family Rental space of real estate investment. It's always an insightful conversation anytime I get to speak with my friend Bruce. Here we focused on the current event of rising interest rates and how they are affecting investors of many different sizes. As well as whether or not the opportunity to sell a portfolio of homes is still as advantageous to sell today versus last month or next month. Visit our website to learn more about Strata SFR: https://stratasfr.com Connect with Adam on LinkedIn: https://www.linkedin.com/in/adamstern00/ Video Version of The Inside SFR Podcast: https://www.youtube.com/channel/UCbjuWSWShZ0cJX6aboljzGw If you liked our podcast, you can find more of our content at the links below. Youtube: https://www.youtube.com/channel/UCV95RqeF9EqnI0qvCjaf44w Facebook: https://www.facebook.com/StrataSFR Instagram: https://www.instagram.com/stratasfr/ Tiktok: https://www.tiktok.com/@stratasfr LinkedIn: https://www.linkedin.com/company/strata-sfr

In this episode of Inside SFR, Adam Stern talks with Clinton Holcomb CEO of Techome Modular. He shares the benefits of building homes with modular construction factories versus a normal stick build process. Some major ones are the speed of construction and the increased quality of the material. In his view, all homes will be built 5-10 times as fast in the near future as more of these factories spring up across the country. Visit our website to learn more about Strata SFR: https://stratasfr.com Connect with Adam on LinkedIn: https://www.linkedin.com/in/adamstern00/ Video Version of The Inside SFR Podcast: https://www.youtube.com/channel/UCbjuWSWShZ0cJX6aboljzGw If you liked our podcast, you can find more of our content at the links below. Youtube: https://www.youtube.com/channel/UCV95RqeF9EqnI0qvCjaf44w Facebook: https://www.facebook.com/StrataSFR Instagram: https://www.instagram.com/stratasfr/ Tiktok: https://www.tiktok.com/@stratasfr LinkedIn: https://www.linkedin.com/company/strata-sfr

On this episode of the Passive Income Attorney Podcast, Seth is joined by build-to-rent expert Adam Stern as they talk about why the build-to-rent model is so powerful and how it has and will continue to transform the commercial real estate landscape. Adam is the founder and CEO of Strata SFR, a company focused on the single-family portfolio rental sector. Inside this episode Adam and Seth take a deep dive into the intricacies of the build-to-rent asset class and the unique risk mitigation propositions and exit strategies that has made this industry skyrocket. Enjoy the episode!   “The more people you connect with, the more wealth and opportunities you get to share and see.”   HIGHLIGHTS: Here's a breakdown of what to expect in this episode: ✅ The cost-effectiveness of building a new house rather than buying an existing one ✅ What the build-to-rent asset class is, and why it is attracting so much attention ✅ How BTR differs from multifamily ✅ The advantages of multiple exit strategies ✅ Adam's insights on the future of the BTR asset class ✅ And so much more!   ABOUT | ADAM STERN: Adam Stern has transacted on more single-family rental portfolios than any other single professional in the SFR industry. He has built a firm presence in the institutional single-family rental industry since its emergence in 2010. Over the past decade, he has made a career listing and selling existing rental property portfolios to and for some of the largest institutional investors in the space, as well as newly emerging private equity groups.   Adam has over a decade of real estate experience. Before launching Strata SFR, he was the president and co-founder of an online single-family rental property marketplace, OwnAmerica, which was sold in 2019.   FIND | ADAM STERN: Strata SFR: https://stratasfr.com/ ListHyve: https://listhyve.com/   CONNECT | SETH BRADLEY: Get Started | Download The Freedom Blueprint: http://www.attorneybydesign.com Subscribe and Leave a Rating and Review: Apple: https://podcasts.apple.com/us/podcast/the-passive-income-attorney-podcast/id1543049208 Spotify: https://open.spotify.com/show/5a0Qp9G2x337nZCDWoVgoO?si=MKn01_t8Tfu0JBZCnagrCw Join EPIC | The Esquire Passive Investor Club: https://passiveincomeattorney.com/join-the-passive-income/ Join | The Passive Income Attorneys Facebook Group: https://www.facebook.com/groups/passiveincomeattorneys Follow Us: Website:  https://passiveincomeattorney.com/ LinkedIn: https://www.linkedin.com/in/sethpaulbradley/ Facebook: https://www.facebook.com/passiveincomeattorney Instagram: https://www.instagram.com/passiveincomeattorney/

On this episode of the Passive Income Attorney Podcast, Seth is joined by build-to-rent expert Adam Stern as they talk about why the build-to-rent model is so powerful and how it has and will continue to transform the commercial real estate landscape. Adam is the founder and CEO of Strata SFR, a company focused on the single-family portfolio rental sector. Inside this episode Adam and Seth take a deep dive into the intricacies of the build-to-rent asset class and the unique risk mitigation propositions and exit strategies that has made this industry skyrocket. Enjoy the episode!   “The more people you connect with, the more wealth and opportunities you get to share and see.”   HIGHLIGHTS: Here's a breakdown of what to expect in this episode: ✅ The cost-effectiveness of building a new house rather than buying an existing one ✅ What the build-to-rent asset class is, and why it is attracting so much attention ✅ How BTR differs from multifamily ✅ The advantages of multiple exit strategies ✅ Adam's insights on the future of the BTR asset class ✅ And so much more!   ABOUT | ADAM STERN: Adam Stern has transacted on more single-family rental portfolios than any other single professional in the SFR industry. He has built a firm presence in the institutional single-family rental industry since its emergence in 2010. Over the past decade, he has made a career listing and selling existing rental property portfolios to and for some of the largest institutional investors in the space, as well as newly emerging private equity groups.   Adam has over a decade of real estate experience. Before launching Strata SFR, he was the president and co-founder of an online single-family rental property marketplace, OwnAmerica, which was sold in 2019.   FIND | ADAM STERN: Strata SFR: https://stratasfr.com/ ListHyve: https://listhyve.com/   CONNECT | SETH BRADLEY: Get Started | Download The Freedom Blueprint: http://www.attorneybydesign.com Subscribe and Leave a Rating and Review: Apple: https://podcasts.apple.com/us/podcast/the-passive-income-attorney-podcast/id1543049208 Spotify: https://open.spotify.com/show/5a0Qp9G2x337nZCDWoVgoO?si=MKn01_t8Tfu0JBZCnagrCw Join EPIC | The Esquire Passive Investor Club: https://passiveincomeattorney.com/join-the-passive-income/ Join | The Passive Income Attorneys Facebook Group: https://www.facebook.com/groups/passiveincomeattorneys Follow Us: Website:  https://passiveincomeattorney.com/ LinkedIn: https://www.linkedin.com/in/sethpaulbradley/ Facebook: https://www.facebook.com/passiveincomeattorney Instagram: https://www.instagram.com/passiveincomeattorney/

Welcome To The Off Market. In this episode Adam Stern talks with Michael D'Onofrio, The Managing Director at Engineered Tax Services. Michael is an expert in everything to do with cost segregation studies and Adam does a great job of asking questions to break the topic down into terms any real estate enthusiasts can understand. If you've ever wanted to learn more about saving money with depreciate recapture, then this is the podcast for you. Visit our website to learn more about Strata SFR: https://stratasfr.com Connect with Adam on LinkedIn: https://www.linkedin.com/in/adamstern00/ If you liked our podcast, you can find more of our content at the links below. Youtube: https://www.youtube.com/channel/UCV95RqeF9EqnI0qvCjaf44w Facebook: https://www.facebook.com/StrataSFR Instagram: https://www.instagram.com/stratasfr/ Tiktok: https://www.tiktok.com/@stratasfr LinkedIn: https://www.linkedin.com/company/strata-sfr

Adam Stern is CEO of Strata SFR, a build-for-rent and Single Family Rental Portfolio Brokerage.  He is a leading expert on the Build-for-Rent market and has helped facilitate single Family Rental transactions totaling hundreds of millions in volume.Main Points:Lessons I've learned from starting my own company in a newly institutionalized industry SFR Portfolios.The Benefits of working in the Off-Market as opposed to the On-Market.How we are changing the way real estate deals are done in the Off-Market through a platform called ListHyve.How we bring together the pieces of a Build-For-Rent deal.How we analyze and package SFR Portfolios to sell to institutional investors.Connect with Adam:www.listhyve.comwww.stratasfr.comastern@stratasfr.com 

Welcome To The Off Market. In this episode Adam Stern talks with Jamie Nahon president of Eagle Infinite Investments, an opportunity zone fund. Jamie is an expert in everything to do with opportunity zones and Adam does a great job of asking questions to break the topic down into terms any real estate enthusiasts can understand. If you've ever wanted to learn more about saving money on your capital gains taxes, then this is the podcast for you. Visit our website to learn more about Strata SFR: https://stratasfr.com Connect with Adam on LinkedIn: https://www.linkedin.com/in/adamstern00/ If you liked our podcast, you can find more of our content at the links below. Youtube: https://www.youtube.com/channel/UCV95RqeF9EqnI0qvCjaf44w Facebook: https://www.facebook.com/StrataSFR Instagram: https://www.instagram.com/stratasfr/ Tiktok: https://www.tiktok.com/@stratasfr LinkedIn: https://www.linkedin.com/company/strata-sfr

Welcome back to another episode of Unstoppable Real Estate Investing Wealth and today you are in for a real treat as we are joined by Adam Stern.Adam Stern has transacted on more Single-Family Rental Portfolios than any other single professional in the SFR industry. He has built a firm presence in the institutional Single-Family Rental industry since its emergence in 2010. Over the past decade, he has made a career listing and selling existing rental property portfolios to and for some of the largest institutional investors in the space as well as newly emerging private equity groups.Adam has over a decade of real estate experience and before launching Strata SFR, he was the president and co-founder of an online Single-Family Rental Property marketplace, OwnAmerica, which was sold in 2019.Episode Key Moments:[00:04:38] That's the first thing I do. I figure out where the buyers are and kind of what they're looking to buy. And then what I do is I look for portfolios or assets that fit the buy box of a big swath of those buyers so that I can offer my clients. Or if I was an investor, if you did that, you would know that you had an exit or that you had multiple exit options.[00:04:56] And that's kind of how I started and I would suggest anyone do this. The way I look at it is when I find a portfolio and my average portfolio size is about 30 to 40 properties. We look at the market first. It makes sure that age, the market we have buyers for, but also that it's fundamentally sound. It has all the drivers like economics population growth.[00:09:29] That's really for a broker. That's a really comfortable place to be because. We've wholesaled land before. And when you wholesale any deal, the assumption is you're trying to maximize your price. So there's a cutoff and there's a different way of dealing with buyers when you're a wholesaler versus when you're a broker.[00:09:46] And it's just easier being a broker, especially on SFR portfolio deals.[00:12:00] Adam: So on SFR portfolios, since we are beholden to our sellers to get them the best price, we can't bind them as principles. That idea doesn't work with SFR portfolios. So on the bill for rent side though, it works out just fine, because if anyone knows anything about build for rent, and it all starts with the land.[00:12:18] And a lot of times we find land deals that aren't developed, they need something done, either zoning or a site plan or permits being pulled. To make the land more valuable. And sometimes we found a really good deal. We'll tell them, Hey, we're not going to broker this. Well, we'd like to act as a principle in offering on those deals.[00:19:05] It just, my view of the marketplace is it's a lot easier to find deals if you know, what the hell you're looking for. So I always start with the buy-side. I always start with demand side first.Thank you all for listening and I will see you on the next episode.  When you are ready head on over to https://billyalvaro.com or go grab your tools to help you at https://billyssecrets.com

Welcome To The Off Market. In this episode Adam Stern discusses the differences between working in the single family industry over the multi family industry. Adam is joined by Aj Klenk from Capstone Real Estate, a multi-family commercial firm. Together they discuss different processes and methods they use to market properties for their clients. Visit our website to learn more about Strata SFR: https://stratasfr.com Connect with Adam on LinkedIn: https://www.linkedin.com/in/adamstern00/ If you liked our podcast, you can find more of our content at the links below. Youtube: https://www.youtube.com/channel/UCV95RqeF9EqnI0qvCjaf44w Facebook: https://www.facebook.com/StrataSFR Instagram: https://www.instagram.com/stratasfr/ Tiktok: https://www.tiktok.com/@stratasfr LinkedIn: https://www.linkedin.com/company/strata-sfr

Note: The video version of this episode includes a recording of Adam's computer screen. It is not necessary that you view it to listen, but if you would like to, please watch the video version here: https://www.youtube.com/watch?v=nHC32aUg05Q (https://www.youtube.com/watch?v=nHC32aUg05Q) In this episode Adam Stern takes a call with one of Strata SFR's clients to review an analysis we did on a 34 property rental portfolio. We have a proprietary process of selling SFR portfolios and here we give a little insight into that process. Visit our website to learn more about Strata SFR: https://stratasfr.com/ (https://stratasfr.com) Connect with Adam on LinkedIn: https://www.linkedin.com/in/adamstern00/ (https://www.linkedin.com/in/adamstern00/) If you liked our podcast, you can find more of our content at the links below. Youtube: https://www.youtube.com/channel/UCV95RqeF9EqnI0qvCjaf44w (https://www.youtube.com/channel/UCV95RqeF9EqnI0qvCjaf44w) Facebook: https://www.facebook.com/StrataSFR (https://www.facebook.com/StrataSFR) Instagram: https://www.instagram.com/stratasfr/ (https://www.instagram.com/stratasfr/) Tiktok: https://www.tiktok.com/@stratasfr (https://www.tiktok.com/@stratasfr) LinkedIn: https://www.linkedin.com/company/strata-sfr

In this episode Adam Stern, an off-market specialist, talks with Conor Sullivan an on-market specialist about the differences and similarities between the two ways of selling real estate. This episode is meant to help investors and real estate enthusiasts of professions what the off-market means. Giving you a better understanding of what this show is all about. Visit our website to learn more about Strata SFR: https://stratasfr.com/ (https://stratasfr.com) Connect with Adam on LinkedIn: https://www.linkedin.com/in/adamstern00/ (https://www.linkedin.com/in/adamstern00/) If you liked our podcast, you can find more of our content at the links below. Youtube: https://www.youtube.com/channel/UCV95RqeF9EqnI0qvCjaf44w (https://www.youtube.com/channel/UCV95RqeF9EqnI0qvCjaf44w) Facebook: https://www.facebook.com/StrataSFR (https://www.facebook.com/StrataSFR) Instagram: https://www.instagram.com/stratasfr/ (https://www.instagram.com/stratasfr/) Tiktok: https://www.tiktok.com/@stratasfr (https://www.tiktok.com/@stratasfr) LinkedIn: https://www.linkedin.com/company/strata-sfr

Join Sterling Chapman and Adam Stern as they talk about the Institutional Single-Family Real Estate Industry. Adam is the founder and CEO of Strata SFR, a build-for-rent and single-family rental portfolio brokerage. He sheds light on single-family rentals going to institutional investors and how this affects the market at large. Here's a breakdown of what to expect in this episode: Institutional SFR industry elaborated Criteria of institutions when finding a property to buy Do institutional investors still get higher returns? Exit strategies when buying a build-to-rent A social network developed for real estate And so much more!   About Adam Stern: Adam Stern is a leading expert on the Build-for-Rent market providing guidance on go-to-market strategies for regional builders and land/lot developers intent on expanding their transaction volume and revenue by servicing the ever increasing demand for Single Family Rentals (SFR), particularly from institutional investors that own and operate rental homes in the US. Adam is also an authority on the acquisition and disposition of SFR portfolios nationwide. He has helped facilitate SFR transactions totaling hundreds of millions in volume. Adam was one of the earliest to recognize that portfolios of stabilized Single-Family Rentals were a product that deserved a specialized service and built a robust network of owners and buyers active in the space. Adam co-founded OwnAmerica, a marketplace for single-family rental property portfolios that Renter's Warehouse acquired in late 2018. Later, he founded Strata SFR, a boutique brokerage focusing on Build-For-Rent SFR opportunities across the US.   You can find Adam Stern on . . . Company Website: https://stratasfr.com/ Real Estate Social Network: https://listhyve.com/ LinkedIn: https://www.linkedin.com/in/adamstern00/   Connect with Sterling! Website:  https://sterlingchapman.com/ YouTube: https://www.youtube.com/channel/UCQyf4HUYuxd6bHhRPWF8BEQ Facebook: https://www.facebook.com/rentrollradio/

Original Recording Date: August 5th, 2021 In this episode Adam Stern talks with Breanna Guntert from Saxony Partners on how their company is helping improve technology operations in the SFR and build for rent industry. We talk to the same audience so we thought this would be a great cross over. You can find out more about Saxony Partners here: https://www.saxonypartners.com (https://www.saxonypartners.com) Visit our website to learn more about Strata SFR: https://stratasfr.com/ (https://stratasfr.com) Connect with Adam on LinkedIn: https://www.linkedin.com/in/adamstern00/ (https://www.linkedin.com/in/adamstern00/) If you liked our podcast, you can find more of our content at the links below. Youtube: https://www.youtube.com/channel/UCV95RqeF9EqnI0qvCjaf44w (https://www.youtube.com/channel/UCV95RqeF9EqnI0qvCjaf44w) Facebook: https://www.facebook.com/StrataSFR (https://www.facebook.com/StrataSFR) Instagram: https://www.instagram.com/stratasfr/ (https://www.instagram.com/stratasfr/)

Original Recording Date: July 28th, 2021 In this episode Adam Stern had Brad Hunter from Hunter Housing Economics on the podcast to explain a slideshow Brad put together all about the future of the build for rent sector. This is a very insightful interview that anyone interested in this space should tune in for. If you would like to see the video version to view the slides, please click this link: https://www.youtube.com/watch?v=noEJLNSvhYA (https://www.youtube.com/watch?v=noEJLNSvhYA) You can learn more about Brad's Company here: https://hunterhousingeconomics.com (https://hunterhousingeconomics.com) Visit our website to learn more about Strata SFR: https://stratasfr.com/ (https://stratasfr.com) Connect with Adam on LinkedIn: https://www.linkedin.com/in/adamstern00/ (https://www.linkedin.com/in/adamstern00/) If you liked our podcast, you can find more of our content at the links below. Youtube: https://www.youtube.com/channel/UCV95RqeF9EqnI0qvCjaf44w (https://www.youtube.com/channel/UCV95RqeF9EqnI0qvCjaf44w) Facebook: https://www.facebook.com/StrataSFR (https://www.facebook.com/StrataSFR) Instagram: https://www.instagram.com/stratasfr/ (https://www.instagram.com/stratasfr/)

Original Recording Date: July 19th, 2021 This episode is a repost of my appearance on the “https://podcasts.apple.com/us/podcast/purchase-to-profits-real-estate-investing-podcast/id1458420876 (Purchase to Profits)" Podcast with Seth Ferguson. Here Adam shares his experience owning rental properties and how it vastly differs from the portfolios he helps broker for his institutional clients. Visit our website to learn more about Strata SFR: https://stratasfr.com/ (https://stratasfr.com) Connect with Adam on LinkedIn: https://www.linkedin.com/in/adamstern00/ (https://www.linkedin.com/in/adamstern00/) If you liked our podcast, you can find more of our content at the links below. Youtube: https://www.youtube.com/channel/UCV95RqeF9EqnI0qvCjaf44w (https://www.youtube.com/channel/UCV95RqeF9EqnI0qvCjaf44w) Facebook: https://www.facebook.com/StrataSFR (https://www.facebook.com/StrataSFR) Instagram: https://www.instagram.com/stratasfr/ (https://www.instagram.com/stratasfr/)

Adam has spent the last 10 years in the Institutional SFR Industry having co-founded a real estate technology and brokerage company in early 2010 which he sold in 2018. He spent years brokering large and medium-sized SFR portfolios for many large SFR REITs as well as mid-sized SFR investment firms. Later he founded Strata SFR focusing on the new construction, build for rent market where he sources opportunities by coordinating transactions for SFR REITs, private equity firms, and multi-family investors by coordinating projects with landowners, developers, and builders to create single site detached single-family and townhome communities. Connect with Adam Stern: Website: https://stratasfr.com/ Connect with Seth Ferguson: http://www.SethFerguson.org

Join Daniel Nickles and Chris Thompson with their guest Adam Stern as they speak of everything about off-market deals and renting homes over owning homes. Due to what happened in 2008, Adam discovered the turmoil that the decline of rates for selling homes can create for homeowners. As a result, paying for rent compared to paying a mortgage becomes more of the wiser option for most. In this episode, listen as Adam expounds on what he thinks the biggest asset for anyone in real estate is and the indicators that shape the demand for renting homes. In this episode you will learn: How Build-for-Rent is done. What drives people to rent instead of buying homes? The indicators of a substantial market for build-for-rents. How does your network work in your favor? The factors that on-market and off-market deals depend on. About Adam Stern: Adam Stern is a leading expert on the Build-for-Rent market providing guidance on go-to-market strategies for regional builders and land/lot developers intent on expanding their transaction volume and revenue by servicing the ever-increasing demand for Single Family Rentals (SFR), particularly from institutional investors that own and operate rental homes in the US. Adam is also an authority on the acquisition and disposition of SFR portfolios nationwide. He has helped facilitate SFR transactions totaling hundreds of millions in volume and was one of the earliest to recognize that portfolios of stabilized Single-Family Rentals were a product that deserved a specialized service and built a robust network of owners and buyers active in the space. Co-founded OwnAmerica, a marketplace for single-family rental property portfolios that was acquired by Renter's Warehouse in late 2018. Later founded Strata SFR, a boutique brokerage focusing on Build-For-Rent SFR opportunities across the US.  Connect with Adam Stern on: Website:              https://stratasfr.com/ LinkedIn:             https://www.linkedin.com/in/adamstern00/ Connect with Two Smart Assets on: Website:              https://twosmartassets.com/ Facebook:           https://www.facebook.com/TwoSmartAssets/ Instagram:          https://www.instagram.com/twosmartassets/ YouTube:             https://www.youtube.com/channel/UC5b8x2o3ByaPBcz5Lkev7uw   ✅Check out our free apartment syndication sample deal: https://twosmartassets.com/sample-deal-form  

Original Recording Date: May 11th, 2021 This episode is a repost of my appearance on the “https://twosmartassets.com (Two Smart Assets)” Podcast with Mason Klement. Networking is an essential part of the build for rent market since a lot of interested parties simply don't know where to go to advertise and find deals, an area we sees as ripe for innovation. Visit our website to learn more about Strata SFR: https://stratasfr.com/ (https://stratasfr.com) Connect with Adam on LinkedIn: https://www.linkedin.com/in/adamstern00/ (https://www.linkedin.com/in/adamstern00/) If you liked our podcast, you can find more of our content at the links below. Youtube: https://www.youtube.com/channel/UCV95RqeF9EqnI0qvCjaf44w (https://www.youtube.com/channel/UCV95RqeF9EqnI0qvCjaf44w) Facebook: https://www.facebook.com/StrataSFR (https://www.facebook.com/StrataSFR) Instagram: https://www.instagram.com/stratasfr/ (https://www.instagram.com/stratasfr/)

Original Recording Date: May 6th, 2021 In this episode Adam Stern gives an overview of the overall SFR and build for rent industry from his perspective here at Strata SFR. Adam shares what he is seeing based on the clients he deals with everyday. Visit our website to learn more about Strata SFR: https://stratasfr.com/ (https://stratasfr.com) Connect with Adam on LinkedIn: https://www.linkedin.com/in/adamstern00/ (https://www.linkedin.com/in/adamstern00/) If you liked our podcast, you can find more of our content at the links below. Youtube: https://www.youtube.com/channel/UCV95RqeF9EqnI0qvCjaf44w (https://www.youtube.com/channel/UCV95RqeF9EqnI0qvCjaf44w) Facebook: https://www.facebook.com/StrataSFR (https://www.facebook.com/StrataSFR) Instagram: https://www.instagram.com/stratasfr/ (https://www.instagram.com/stratasfr/)

Adam is founder of Strata SFR, a platform that connects developers and builders of single family residential homes to active SFR Investment funds. Prior to launching Strata SFR Adam co-founded and ran an online single family rental marketplace called OwnAmerica. With over a decade of experience, Adam has transacted on more Single-Family Rental Portfolios than any single broker in the industry. Best way to contact Adamastern@stratasfr.com914-906-5847

Original Recording Date: April 27th, 2021 This episode is a repost of my appearance on the “https://podcasts.apple.com/us/podcast/scalable-real-estate-investing/id1516563363 (Scalable Real Estate Investing)” Podcast with Mason Klement. Adam and Mason dive into the details of exactly how the process works with examples of multiple deals, talking about the monetization structure, the timeline for building communities, the differing levels of expertise with people in the BFR (build-for-rent) space, and more. Visit our website to learn more about Strata SFR: https://stratasfr.com/ (https://stratasfr.com) Connect with Adam on LinkedIn: https://www.linkedin.com/in/adamstern00/ (https://www.linkedin.com/in/adamstern00/) If you liked our podcast, you can find more of our content at the links below. Youtube: https://www.youtube.com/channel/UCV95RqeF9EqnI0qvCjaf44w (https://www.youtube.com/channel/UCV95RqeF9EqnI0qvCjaf44w) Facebook: https://www.facebook.com/StrataSFR (https://www.facebook.com/StrataSFR) Instagram: https://www.instagram.com/stratasfr/ (https://www.instagram.com/stratasfr/)

Join Daniel Nickles and Chris Thompson with their guest Adam Stern as they speak of everything about off-market deals and renting homes over owning homes. Due to what happened in 2008, Adam discovered the turmoil that the decline of rates for selling homes can create for homeowners. As a result, paying for rent compared to paying a mortgage becomes more of the wiser option for most. In this episode, listen as Adam expounds on what he thinks the biggest asset for anyone in real estate is and the indicators that shape the demand for renting homes. In this episode you will learn: How Build-for-Rent is done. What drives people to rent instead of buying homes? The indicators of a substantial market for build-for-rents. How does your network work in your favor? The factors that on-market and off-market deals depend on. About Adam Stern: Adam Stern is a leading expert on the Build-for-Rent market providing guidance on go-to-market strategies for regional builders and land/lot developers intent on expanding their transaction volume and revenue by servicing the ever-increasing demand for Single Family Rentals (SFR), particularly from institutional investors that own and operate rental homes in the US. Adam is also an authority on the acquisition and disposition of SFR portfolios nationwide. He has helped facilitate SFR transactions totaling hundreds of millions in volume and was one of the earliest to recognize that portfolios of stabilized Single-Family Rentals were a product that deserved a specialized service and built a robust network of owners and buyers active in the space. Co-founded OwnAmerica, a marketplace for single-family rental property portfolios that was acquired by Renter's Warehouse in late 2018. Later founded Strata SFR, a boutique brokerage focusing on Build-For-Rent SFR opportunities across the US.  Connect with Adam Stern on: Website:              https://stratasfr.com/ LinkedIn:             https://www.linkedin.com/in/adamstern00/ Connect with Two Smart Assets on: Website:              https://twosmartassets.com/ Facebook:           https://www.facebook.com/TwoSmartAssets/ Instagram:          https://www.instagram.com/twosmartassets/ YouTube:             https://www.youtube.com/channel/UC5b8x2o3ByaPBcz5Lkev7uw   ✅Check out our free apartment syndication sample deal: https://twosmartassets.com/sample-deal-form  

GUEST BIO Adam is the CEO and Founder of Strata SFR, a Build-To-Rent and SFR Portfolio Brokerage. He also co-founded OwnAmerica, a marketplace for single-family rental property portfolios that was acquired by Renter's Warehouse in late 2018. He's a leading expert on the Build-for-Rent market by providing guidance on go-to market strategies for regional builders and land/lot developers. He also assists them at expanding their transaction volume and revenue by servicing the ever-increasing demand for Single Family Rentals (SFR), particularly from institutional investors that own and operate rental homes in the US. Adam is also an authority on the acquisition and disposition of SFR portfolios nationwide. He has helped facilitate SFR transactions totaling hundreds of millions in volume and was one of the earliest to recognize the portfolios of stabilized Single Family Rentals- a product that deserved a specialized service composed of network of owners and buyers active in the space. HIGHLIGHTS OF THE EPISODE 02:06 - Background of the guest 05:49 - The investor-operator institutionalization 08:31 – Is/Are your single-family rental property/properties qualified? 15:40 – Is it more advantageous to sell properties in a portfolio or off of one? 21:48 – Build-for-Rent and how it works KEEPING IT REAL 25:29 - Bridging the gap between investors and property owners 28:15 - Making SFR and Built-For-Rent deals efficiently with Strata SFR 33:35 - Bringing technology to the table 36:05 - Learn to say no 37:05 - Finding your path RAPID FIRE QUESTIONS 40:55 - Favorite Books - Play Bigger by Dave Peterson, Al Ramadan, Christopher Lochhead, and Kevin Maney | Tribe by Sebastian Junger 43:55 - Best Habit – An hour out of the day to talk to someone about anything substantial | Coffee! 46:16 – Self manage or outsource? 46:25 – Cash flow vs. Equity 46:56 - Best Tool – Slack | Google Meet NOTABLE QUOTES (KEY LESSONS): “The litmus test for really any specialist in any sector whether it's Single Family Rental or portfolios or Multi-family or anything, is knowing how and when to say no. Because if you chase everything that comes along, you're gonna be wasting a lot of time and it's almost impossible to do any real business unless you know exactly what you're looking for to a very high degree of specificity.” “I talk about the 3 Ps, passion, persistence, perseverance. Find something you love to do, do it always and get better at it. Overcome the roadblocks. They'll eventually almost never really stand in your way from getting further. And if you could find that thing that you're passionate about, it takes care of the other Ps. And if you could find that one thing that you're passionate about, you don't mind doing it consistently. You're not gonna mind overcoming the obstacles because it'll be intrinsically fun for you because you have passion about it.” CONNECTING WITH THE GUEST Official Website LinkedIn #ExperimentBroker

Original Recording Date: March 29th, 2020 This episode is a repost of Adam Stern's appearance on the “https://podcasts.apple.com/us/podcast/how-did-they-do-it-real-estate/id1532853594 (How Did They Do It? Real Estate)" Podcast with Aileen Prak. Adam goes over his background, identifies the first steps someone should take as a single-family rental investor, provides examples of how investors could enter at different points of the build-for-rent process, discusses how current events have shaped the SFR industry, and talks about his ideal criteria for potential BFR projects. Visit our website to learn more about Strata SFR: https://stratasfr.com/ (https://stratasfr.com) Connect with Adam on LinkedIn: https://www.linkedin.com/in/adamstern00/ (https://www.linkedin.com/in/adamstern00/) If you liked our podcast, you can find more of our content at the links below. Youtube: https://www.youtube.com/channel/UCV95RqeF9EqnI0qvCjaf44w (https://www.youtube.com/channel/UCV95RqeF9EqnI0qvCjaf44w) Facebook: https://www.facebook.com/StrataSFR (https://www.facebook.com/StrataSFR) Instagram: https://www.instagram.com/stratasfr/ (https://www.instagram.com/stratasfr/)

Original Recording Date: March 29th, 2021 This episode is a repost of Adam Stern's appearance on the “https://experimentrealestate.com/ (The Real Estate Experiment)” Podcast with Ruben Kanya. Ruben Kanya asks Adam Stern about the growth of the SFR market, what interested parties need to do to get involved in the Build For Rent market, and the ins and outs of both assets. Adam explains how Strata SFR was started to find build for rent opportunities after Adam Stern saw the demand from his institutional clients. Visit our website to learn more about Strata SFR: https://stratasfr.com/ (https://stratasfr.com) Connect with Adam on LinkedIn: https://www.linkedin.com/in/adamstern00/ (https://www.linkedin.com/in/adamstern00/) If you liked our podcast, you can find more of our content at the links below. Youtube: https://www.youtube.com/channel/UCV95RqeF9EqnI0qvCjaf44w (https://www.youtube.com/channel/UCV95RqeF9EqnI0qvCjaf44w) Facebook: https://www.facebook.com/StrataSFR (https://www.facebook.com/StrataSFR) Instagram: https://www.instagram.com/stratasfr/ (https://www.instagram.com/stratasfr/)

Original Recording Date: February 17th, 2021 This episode is a repost of Adam Stern's appearance on the “https://podcasts.apple.com/us/podcast/how-to-scale-commercial-real-estate/id1539979234 (How to Scale Commercial Real Estate)” Podcast with Sam Wilson. Adam talks about why he started his company, the ins and outs of selling single family rental portfolios, what he looks for in prospective Build for rent opportunities, and the due diligence required to ensure that the market is going to do well. Visit our website to learn more about Strata SFR: https://stratasfr.com/ (https://stratasfr.com) Connect with Adam on LinkedIn: https://www.linkedin.com/in/adamstern00/ (https://www.linkedin.com/in/adamstern00/) If you liked our podcast, you can find more of our content at the links below. Youtube: https://www.youtube.com/channel/UCV95RqeF9EqnI0qvCjaf44w (https://www.youtube.com/channel/UCV95RqeF9EqnI0qvCjaf44w) Facebook: https://www.facebook.com/StrataSFR (https://www.facebook.com/StrataSFR) Instagram: https://www.instagram.com/stratasfr/ (https://www.instagram.com/stratasfr/)

Original Recording Date: February 1st, 2021 In this episode Adam Stern breaks down some of his recent portfolio deals he worked on. We hope you can take away some knowledge on what selling a single family rental portfolio and developing build for rent deals are all about. Visit our website to learn more about Strata SFR: https://stratasfr.com/ (https://stratasfr.com) Connect with Adam on LinkedIn: https://www.linkedin.com/in/adamstern00/ (https://www.linkedin.com/in/adamstern00/) If you liked our podcast, you can find more of our content at the links below. Youtube: https://www.youtube.com/channel/UCV95RqeF9EqnI0qvCjaf44w (https://www.youtube.com/channel/UCV95RqeF9EqnI0qvCjaf44w) Facebook: https://www.facebook.com/StrataSFR (https://www.facebook.com/StrataSFR) Instagram: https://www.instagram.com/stratasfr/ (https://www.instagram.com/stratasfr/)

Original Recording Date: January 14th, 2021 In this episode Adam Stern breaks down what selling in the Off-Market means. This is where all of our work takes place and I wanted to share what that means to me. Hopefully this gives you a better idea of what this podcast is all about. You can find a lot of success in this Wild West of real estate, and it's incredibly fascinating to me. Visit our website to learn more about Strata SFR: https://stratasfr.com/ (https://stratasfr.com) Connect with Adam on LinkedIn: https://www.linkedin.com/in/adamstern00/ (https://www.linkedin.com/in/adamstern00/) If you liked our podcast, you can find more of our content at the links below. Youtube: https://www.youtube.com/channel/UCV95RqeF9EqnI0qvCjaf44w (https://www.youtube.com/channel/UCV95RqeF9EqnI0qvCjaf44w) Facebook: https://www.facebook.com/StrataSFR (https://www.facebook.com/StrataSFR) Instagram: https://www.instagram.com/stratasfr/ (https://www.instagram.com/stratasfr/)

Original Recording Date: August 4th, 2020 In this episode Adam Stern breaks down two different deals he facilitated recently and the nuances behind how one can structure a build-for-rent deal. It's really interesting to me just how many entry points and structures can exist in this space. Visit our website to learn more about Strata SFR: https://stratasfr.com/ (https://stratasfr.com) Connect with Adam on LinkedIn: https://www.linkedin.com/in/adamstern00/ (https://www.linkedin.com/in/adamstern00/) If you liked our podcast, you can find more of our content at the links below. Youtube: https://www.youtube.com/channel/UCV95RqeF9EqnI0qvCjaf44w (https://www.youtube.com/channel/UCV95RqeF9EqnI0qvCjaf44w) Facebook: https://www.facebook.com/StrataSFR (https://www.facebook.com/StrataSFR) Instagram: https://www.instagram.com/stratasfr/ (https://www.instagram.com/stratasfr/)

Original Recording Date: June 28th, 2020 In this episode Adam Stern breaks down some of his recent build for rent deals and what he has learned while brokering these deals. Hopefully you can take something from these stories from a broker who is diving head first into the segment of real estate investing. Visit our website to learn more about Strata SFR: https://stratasfr.com/ (https://stratasfr.com) Connect with Adam on LinkedIn: https://www.linkedin.com/in/adamstern00/ (https://www.linkedin.com/in/adamstern00/) If you liked our podcast, you can find more of our content at the links below. Youtube: https://www.youtube.com/channel/UCV95RqeF9EqnI0qvCjaf44w (https://www.youtube.com/channel/UCV95RqeF9EqnI0qvCjaf44w) Facebook: https://www.facebook.com/StrataSFR (https://www.facebook.com/StrataSFR) Instagram: https://www.instagram.com/stratasfr/ (https://www.instagram.com/stratasfr/)

Original Recording Date: June 28th, 2020 In this episode Adam Stern interviews Chris Molendorp about a build for rent project in Belton, Missouri, right outside of Kansas City. We break down why this project was a no brainer for me to get involved in, and why this sub-market is such a great location for build for rent projects. Visit our website to learn more about Strata SFR: https://stratasfr.com/ (https://stratasfr.com) Connect with Adam on LinkedIn: https://www.linkedin.com/in/adamstern00/ (https://www.linkedin.com/in/adamstern00/) If you liked our podcast, you can find more of our content at the links below. Youtube: https://www.youtube.com/channel/UCV95RqeF9EqnI0qvCjaf44w (https://www.youtube.com/channel/UCV95RqeF9EqnI0qvCjaf44w) Facebook: https://www.facebook.com/StrataSFR (https://www.facebook.com/StrataSFR) Instagram: https://www.instagram.com/stratasfr/ (https://www.instagram.com/stratasfr/)

Original Recording Date: June 4th, 2020 In this episode Adam Stern breaks down how his business has changed during the midst of the pandemic and how that has affected the BFR and SFR sector overall. How are the builders and investors feeling about these assets during this crazy time? Visit our website to learn more about Strata SFR: https://stratasfr.com/ (https://stratasfr.com) Connect with Adam on LinkedIn: https://www.linkedin.com/in/adamstern00/ (https://www.linkedin.com/in/adamstern00/) If you liked our podcast, you can find more of our content at the links below. Youtube: https://www.youtube.com/channel/UCV95RqeF9EqnI0qvCjaf44w (https://www.youtube.com/channel/UCV95RqeF9EqnI0qvCjaf44w) Facebook: https://www.facebook.com/StrataSFR (https://www.facebook.com/StrataSFR) Instagram: https://www.instagram.com/stratasfr/ (https://www.instagram.com/stratasfr/)

Original Recording Date: June 4th, 2020 In this episode Adam Stern opens up on a personal note about what it has been like starting his business just one month before the pandemic hit. He talks about his personal struggle with having feelings doubt and how he has pushed through those mental blocks. Visit our website to learn more about Strata SFR: https://stratasfr.com/ (https://stratasfr.com) Connect with Adam on LinkedIn: https://www.linkedin.com/in/adamstern00/ (https://www.linkedin.com/in/adamstern00/) If you liked our podcast, you can find more of our content at the links below. Youtube: https://www.youtube.com/channel/UCV95RqeF9EqnI0qvCjaf44w (https://www.youtube.com/channel/UCV95RqeF9EqnI0qvCjaf44w) Facebook: https://www.facebook.com/StrataSFR (https://www.facebook.com/StrataSFR) Instagram: https://www.instagram.com/stratasfr/ (https://www.instagram.com/stratasfr/)

Original Recording Date: May 17th, 2020 In this episode Adam Stern answers questions we received from our audience on the SFR and Build For Rent sector. Visit our website to learn more about Strata SFR: https://stratasfr.com/ (https://stratasfr.com) Connect with Adam on LinkedIn: https://www.linkedin.com/in/adamstern00/ (https://www.linkedin.com/in/adamstern00/) If you liked our podcast, you can find more of our content at the links below. Youtube: https://www.youtube.com/channel/UCV95RqeF9EqnI0qvCjaf44w (https://www.youtube.com/channel/UCV95RqeF9EqnI0qvCjaf44w) Facebook: https://www.facebook.com/StrataSFR (https://www.facebook.com/StrataSFR) Instagram: https://www.instagram.com/stratasfr/ (https://www.instagram.com/stratasfr/)

Original Recording Date: April 25th, 2020 In this episode Adam Stern interviews Addison Thom from SDIRA Wealth, a full fledge real estate investment company. We discuss the build for rent opportunities he's a part of in Lubbock Texas and why it's a great tertiary market in North West Texas. Visit our website to learn more about Strata SFR: https://stratasfr.com/ (https://stratasfr.com) Connect with Adam on LinkedIn: https://www.linkedin.com/in/adamstern00/ (https://www.linkedin.com/in/adamstern00/) If you liked our podcast, you can find more of our content at the links below. Youtube: https://www.youtube.com/channel/UCV95RqeF9EqnI0qvCjaf44w (https://www.youtube.com/channel/UCV95RqeF9EqnI0qvCjaf44w) Facebook: https://www.facebook.com/StrataSFR (https://www.facebook.com/StrataSFR) Instagram: https://www.instagram.com/stratasfr/ (https://www.instagram.com/stratasfr/)

Original Recording Date: April 23rd, 2020 In this episode Adam Stern interviews the largest SFR and BFR player in Jacksonville, Florida, Alex Safakis from JW Real Estate Capital. They talk about his recent site project "Swayers Preserve", and why Jacksonville is such a great market to build or own single family rentals. Visit our website to learn more about Strata SFR: https://stratasfr.com/ (https://stratasfr.com) Connect with Adam on LinkedIn: https://www.linkedin.com/in/adamstern00/ (https://www.linkedin.com/in/adamstern00/) If you liked our podcast, you can find more of our content at the links below. Youtube: https://www.youtube.com/channel/UCV95RqeF9EqnI0qvCjaf44w (https://www.youtube.com/channel/UCV95RqeF9EqnI0qvCjaf44w) Facebook: https://www.facebook.com/StrataSFR (https://www.facebook.com/StrataSFR) Instagram: https://www.instagram.com/stratasfr/ (https://www.instagram.com/stratasfr/)

Original Recording Date: April 16th, 2020 In this episode Adam Stern interviews Robert Dietz, Chief Economist at National Association of Home Builders. We discuss the effects of the COVID-19 Pandemic on US Home Builders and the opportunities this crisis creates for investors looking to invest in New Construction Single-Family Rental Projects. Visit our website to learn more about Strata SFR: https://stratasfr.com (https://stratasfr.com) Connect with Adam on LinkedIn: https://www.linkedin.com/in/adamstern00/ (https://www.linkedin.com/in/adamstern00/) If you liked our podcast, you can find more of our content at the links below. Youtube: https://www.youtube.com/channel/UCV95RqeF9EqnI0qvCjaf44w (https://www.youtube.com/channel/UCV95RqeF9EqnI0qvCjaf44w) Facebook: https://www.facebook.com/StrataSFR (https://www.facebook.com/StrataSFR) Instagram: https://www.instagram.com/stratasfr/ (https://www.instagram.com/stratasfr/)