CP20: Scaling through better systems and vertical integration with Jake Stenziano

2020-08-18

Join Duc and Vince as they chat with Jake Stenziano about scaling through better systems and vertical integration. Jake is the best-selling author of ‘Wheelbarrow Profits” and “The Honey Bee” and the co-founder of Jake & Gino, the only multifamily real estate investment education company. He shares some valuable tips on how to invest in and manage a multifamily space so stay tuned and enjoy the episode! Multifamily is a Long Game For those who are considering entering this industry, Jake stresses that multifami...

Multifamily is a Long Game

For those who are considering entering this industry, Jake stresses that multifamily is a long game. You have to make sure you are in it for the long haul. For him, it is important to not rush the process especially in the beginning. Jake shared how he and his partner Gino focused on two to three deals a year to make sure that those deals are going to make sense and work for their group. They focused on quality, fulfillment and service, and it paid off!

About Jake Stenziano:

Jake Stenziano, MBA is the best-selling author of two books, Wheelbarrow Profits and The Honey Bee. He is also the co-founder of Jake & Gino, the only multifamily real estate investment education company that teaches investors the three pillars of sound apartment investing; Buy Right, Manage Right, and Finance Right. Jake is also the founder of Rand Property Management and co-founder of Rand Capital and Rand Partners. Rand Property Management is the first property management company with a focus on “modern affordability” and vertical integration.

Outline of the Episode:

- Jake shares an interesting phenomenon that opened his eyes to the potential in real estate.

- The beginning of his partnership with his co-founder Gino Barbaro

- The reasons behind why they decided to go the multifamily syndication route.

- Jake recounts the biggest challenge they've encountered in their business so far.

- Multifamily is a long game and you should not rush the process.

- Keeping their business going despite the COVID-19 pandemic.

- There is a multiplier effect when you bring people with complementary skill sets to work together.

- How to determine if scaling vertically is right for you? What questions should you ask yourself first?

-Jake talks about the business ecosystem they created which they call The Rand Powerwheel.

- Tips and tricks on how to increase the NOI when acquiring a property

- Jake talks about his favorite book "Atlas Shrugged" by Ayn Rand