S01E11: All About Risk Management in Apartment Investing with Jeremy Goodrich
Apartment Investor's Club Podcast
Release Date: 11/09/2022
The Evolving World of Real Estate Crowdfunding w/ Jilliene Helman
Apartment Investor's Club Podcast
In this episode of the Apartment Investors Podcast, host Jonathan Twombley interviews Jilliene Helman, the CEO and founder of a pioneering online platform for real estate investing. The conversation covers the origins and evolution of Realty Mogul as one of the first equity crowdfunding platforms in real estate, fueled by the 2012 JOBS Act which revolutionized online investing. Helman discusses the challenges and strategies of starting and scaling the platform, the impacts of COVID-19 on real estate investment trends, and the future of investing in a dynamically changing market. With...
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Navigating the World of Apartment Investing: Insights for LPs and GPs with Aleksey Chernobelskiy
Apartment Investor's Club Podcast
📌 Check out Aleksey’s Substack In this episode of the Apartment Investors Podcast, host Jonathan Twombley interviews Aleksey, an advisor dedicated to assisting Limited Partners (LPs) in the real estate investment realm. Aleksey shares insights on the importance of due diligence for LPs before entering deals, highlighting the significance of understanding execution capabilities, alignment of interests, and the specifics of the property being invested in. He introduces a 'three pillar framework' for evaluating investments and discusses common pitfalls and misunderstandings LPs might have...
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From Popcorn Sales to a $170M Multifamily Portfolio: Anthony Walker's Take on Real Estate in Emerging Markets
Apartment Investor's Club Podcast
📌This week’s podcast episode features Anthony Walker, co-owner and Chief Investment Officer of Initially selling popcorn door-to-door as a kid, Anthony evolved into a successful multifamily investor overseeing a portfolio worth approximately $170 million. He shares his journey and valuable insights into investing in multifamily properties. He highlights the importance of person-to-person interactions, the power of branding, and the idols who influenced his business philosophy. Anthony goes on to discuss how they utilise social media and email marketing to reach interested investors, as...
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Going from Potato Farming to Managing a $100 Million Real Estate Portfolio with Levi Allen
Apartment Investor's Club Podcast
đź“ŚIn this episode of the Apartment Investors Podcast, host Jonathan Twombley speaks with Levi Allen, a former potato farmer who transitioned into managing a real estate portfolio worth over a hundred million dollars in assets under management (AUM). Levi shares his journey from investing in smaller deals on his own to syndicating larger multi-million dollar deals. He discusses the importance of developing relationships with brokers, underwriting prudently, and having confidence in your abilities. Levi also emphasises that beginning investors should start investing in properties with their...
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Thesis Driven: Converting and Reimagining Office Real Estate with Brad Hargraves of General Assembly
Apartment Investor's Club Podcast
📌Check out “Thesis Driven” via In this episode of the Apartment Investors Podcast, Brad Hargraves shares his insights into the ever-evolving landscape of real estate investing. Brad, a successful serial entrepreneur, is the founder of , , and the online real estate magazine, . He shares about the importance of walkability in modern real estate trends, the potential and challenges of office to residential conversions, and the fascinating concept of new cities. Brad also addresses innovations within real estate and how to understand and capitalise on emerging trends. 🖋️ Some key...
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From Debt-Laden Dentist to Passive Real Estate Income w/ Dr. Jeff Anzalone
Apartment Investor's Club Podcast
đź“Ś In this episode of the Apartment Investors Podcast, guest Dr. Jeff Anzalone shares his journey from being shackled with student loan debt just out of residency, to becoming ardent about investment in real estate and eventually becoming a successful deal sponsor. He tells of the transformative effect of books such as Robert Kiyosaki's 'Rich Dad, Poor Dad' had on his mindset, leading him to focus on creating multiple income streams. Dr. Anzalone also discusses the organic growth of his digital platform, and its instrumental role in scaling his apartment building investments, and...
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From Tony-Award Winner to Successful Real Estate Investor: Passive Income Strategies with Matt Picheny
Apartment Investor's Club Podcast
📌Check out Matt’s book In this episode of the Apartment Investors Podcast, Jonathan Twombley sits down with a former Tony Award winner turned real estate investor and mentor. Discussing his journey from a theatrical career to real estate investing and passive income, Matt shares how he transitioned into the industry, starting small and gradually moving onto syndications. Matt highlights the importance of laying a foundation, being transparent with investors, and leveraging partnerships for success. He also notes his involvement in award-winning Broadway productions such as Moulin Rouge...
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Investing in Canadian Apartment Buildings: A Cross-Border Discussion with Matthew Ablakan
Apartment Investor's Club Podcast
📌Check out the Millennial’s Choice show on In this episode of the Apartment Investors Podcast, host Jonathan Twombley chats with Matthew Ablakan, a Canadian real estate professional and entrepreneur with substantial experience in apartment investing. Matthew offers insights into Ontario's unique pre-construction real estate market, which offers immense possibilities for longer-term investors and is protected by substantial governmental regulations. The guest also talks about his new venture into condo development and how his diversified company not only assists clients with real estate...
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Diversification & Recession Resistant Investment Opportunities: A Conversation w/ Mark Khuri of SMK Capital Management
Apartment Investor's Club Podcast
đź“ŚIn this episode of the Apartment Investors Podcast, host Jonathan Twombly interviews Mark Khuri, a multifamily investor fund manager with years of experience in the real estate business. Mark discusses his business model, highlighting his focus on providing passive investors with opportunities built on relationships and diversification across different asset classes. Mark also delves into his company's strategy of not operating their own assets but partnering with other operators. He further discusses a tax exemption strategy involving a public-private partnership with municipalities,...
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Understanding the Role of Broker Dealer Representatives in Real Estate Syndications w/ Taylor Loht
Apartment Investor's Club Podcast
đź“Ś In this episode, Jonathan Twombley of Apartment Investors Podcast interviews a licensed broker dealer representative, about the vital role they play in real estate syndications. Taylor explains how broker dealers connect operators and investors, helping raise equity for property transactions while ensuring compliance with security regulations. Taylor highlights the diligence in practice, the requirements for becoming a licensed broker dealer rep, and the potential challenges in the current real estate investment market. He also shares insights about his personal journey into real...
info_outlineToday, we're joined by Jeremy Goodrich, owner of Shine Insurance Agency. Jeremy believes that success in real estate requires solid risk management strategies. He specialises in helping investors and asset managers increase their profit by mitigating risk. Jeremy got into the insurance business because he wanted to change the way people felt about the industry. He started by teaching first time homeowners how to buy a house and then eventually moved into commercial real estate. He now focuses on helping apartment investors understand and manage the four quadrants of risk: physical, relationships, external, and systems. Insurance is a tool that allows people to invest in commercial real estate who may not have the capital to do so otherwise.
"I've always believed in just continuing to help teach people how to grow in this world."
In this episode, you will learn the following:
1) How to manage risk in order to be a successful real estate investor
2) The importance of insurance in protecting against physical, relationship, external, and systems risks
3) How to create a captive insurance company to provide additional protection against financial loss
Key points:
01:18 How did Jeremy get into the insurance business in the first place?
03:48 How did Jeremy come to focus on the commercial space and why?
05:07 Educating people about what they do in the commercial real estate world
06:22 Real estate is all about risk management and it's important to be proactive
09:47 What type of risks do apartment operators need to manage specifically? Jeremy shares 4 key risk vectors
12:32 The primary risk for insurance providers is the physical risk
13:23 Why is insurance risk necessary, aside from the fact that the bank makes you get it?
15:48 What type of insurance does a typical deal need?
18:30 What does it mean to be underinsured and how to protect against it
22:50 The importance of doing annual reviews on your insurance to make sure you stay on top of the costs
24:34 Syndication and what happens when you buy bad insurance or are under insured
27:48 Jonathan shares a personal story of what happens when you cut corners on insurance
31:45 Umbrella insurance - what is it exactly and when do you need it?
35:17 Insurance and LLCs
44:50 Closing thoughts & how to reach out to Jeremy
Reach out to Jeremy:
LinkedIn: https://www.linkedin.com/in/reiinsuranceguy
Website: https://www.shineinsurance.com/
Reach out to Jonathan Twombly
LinkedIn: https://www.linkedin.com/in/jonathandtwombly
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