Elaine Stageberg Left Psychiatry to Build a Billion Dollar Real Estate Portfolio and Make and Even Greater Impact | Ep. 62

Summary

Elaine Stageberg shares her journey from childhood poverty to building a successful real estate investment and property management company. She and her husband, Nick, have overcome their challenging backgrounds and used their experiences to fuel their drive for success. Elaine emphasizes the importance of leveraging pain into behavior change and making intentional choices to create a better life. She also discusses the emotional connection with money and the significance of providing a premium living experience for residents. Despite their busy schedules, Elaine and Nick have found a balance between work and family by building a strong team and creating a supportive home environment. Elaine discusses the growth and evolution of Black Swan Real Estate, highlighting the importance of bringing in a team and implementing vertical integration. She explains how vertical integration allows them to have control, consistency, and quality in their property management, maintenance, and other services. Elaine also shares their unique private equity model, where investors get their capital back before any fees or profits are taken. She emphasizes their focus on serving others and creating a wonderful experience for both residents and investors. Looking ahead, Elaine envisions expanding Black Swan's presence nationwide and continuing to grow while staying true to their values.

Takeaways

• Vertical integration allows for control, consistency, and quality in property management and other services.
• Black Swan's unique private equity model prioritizes returning capital to investors before taking fees or profits.
• The company's focus on serving others and creating a wonderful experience sets them apart.
• Black Swan aims to expand nationwide and grow while staying true to their values.

Chapters

00:00 - Introduction of Elaine Stageberg

01:07 - Meeting and Building a Life Together

08:10 - Choosing a Career in Medicine

11:55 - Transforming Pain into Progress

20:05 - The Emotional Connection with Money

22:38 - Creating a Community-Focused Property Management Company

25:35 - Balancing Work and Family

31:29 - Bringing in a Team and Vertical Integration

36:39 - Expanding Services and Potential for Growth

40:33 - Investor-Centric Approach and Unique Private Equity 

 

Links

Black swan: https://blackswanteam.com/

Personal website: https://thestagebergs.com/

 

Socials

Instagram: https://www.instagram.com/blackswanrealestatellc

Facebook: https://www.facebook.com/blackswanrealestateteam

LinkedIn: https://www.linkedin.com/company/black-swan-real-estate/

YouTube: https://www.youtube.com/@BlackSwanRealEstate