S01E11: All About Risk Management in Apartment Investing with Jeremy Goodrich
Apartment Investor's Club Podcast
Release Date: 11/09/2022
Unlocking Michigan's Real Estate Investment Secrets with David Kamara of Cape Sierra Capital
Apartment Investor's Club Podcast
📌Check out David’s free e-book David Kamara, founder and CEO of , is a real estate investor based in Michigan, with a passion for creating passive income through apartment investing. With a background in management consulting and programming, David has always been driven to find a better quality of life for himself and his family. His journey into real estate began with buying rental properties and quickly evolved into scaling up to apartment complexes. Today, David and his team manage over 1200 units in the Midwest, primarily in Michigan. His expertise and experience in the industry...
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Maximising Multifamily Real Estate Returns: Feras Moussa's Proven Growth Formula
Apartment Investor's Club Podcast
đź“ŚFeras Moussa is one of the founders of Disrupt Equity, a real estate company that leverages technology to bring efficiency and effectiveness to the industry. With a background in software and experience working at Microsoft, Feras saw the opportunity to disrupt the traditional real estate market and has since built an impressive business. His company has already crossed the $800 million mark in acquisitions and is on track to reach a billion by the end of the year. Feras and his team not only focus on sourcing deals and raising capital but also have an in-house management company and...
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Designing for Success: How Visual Appeal Drives Profitability in Multifamily Properties with Lisa Landry
Apartment Investor's Club Podcast
đź“ŚIf you're feeling frustrated with high tenant turnover rates and declining profitability, despite your efforts to attract and retain tenants, then you are not alone! Maybe you've been focusing on amenities and pricing, but overlooking the importance of effective design in your multifamily properties. Instead of the desired result of increased tenant satisfaction and higher profitability, you may be experiencing constant vacancies and stagnant rental income. It's time to recognize the significance of design in multifamily investing and take the necessary steps to enhance your property's...
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Invest Countercyclically: The Pacific Northwest Strategy for Consistent Real Estate Returns w/ Bobby Larsen
Apartment Investor's Club Podcast
📌Do you want to achieve consistent and long-term growth in your real estate investments while enjoying stable cash flow? Are you searching for a solution that can help you attain these desired results? Look no further! Our guest, Bobby Larsen, will be sharing his expertise on real estate investment strategies in the Pacific Northwest that can help you achieve your financial goals. Learn how to unlock the potential of the real estate market and discover the key to obtaining steady returns and sustainable growth, even in a distressed market. In this episode: 👉investment strategies...
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Remote Work and Business Management Secrets for Real Estate: How to Achieve the 3 Degrees of Freedom w/ Derek Clifford
Apartment Investor's Club Podcast
📌 Check out Derek’s free PDF If you're feeling frustrated and overwhelmed with your real estate investing business because your current remote work and business management processes are not delivering the desired results, then you are not alone! Perhaps you find yourself constantly juggling multiple tasks and struggling to stay organized, leading to missed opportunities and inefficiencies. Or maybe you're facing challenges in effectively communicating and collaborating with your team remotely, hindering productivity and growth. Fortunately, in this episode, we dive deep into...
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Accessory Dwelling Units: Insights into ADU Real Estate with Whitney Hill
Apartment Investor's Club Podcast
Whitney Hill, a leading expert in the ADU (Accessory Dwelling Unit) industry, reveals the secrets to scaling a business in this booming market. From building a website for lead generation to implementing efficient project management systems, Hill's strategies have catapulted her company to new heights. But just as success seems within reach, a sudden twist threatens to derail everything. Find out what happens next in this suspenseful journey through the world of ADU real estate. Whitney is an experienced professional in the field of Accessory Dwelling Units and holds the position of co-owner...
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From NASA Engineer to Full-Time Multifamily Investor & Director of Acquisitions w/ Chad Sutton
Apartment Investor's Club Podcast
Chad is one of five Managing Partners of Quattro Capital, leader of the Acquisitions team and the host of the #RealEstateRunway Podcast. Chad is a “recovering engineer” who spent most of his profession in corporate America in spaceflight with NASA and aircraft with GE before following his passion as a real estate investor. He is an “old soul” and a genuine “family man” passionate about building a time quality lifestyle and quality communities for residents. In this episode: 👉making a career switch from engineering to multifamily real estate 👉keys to raising investor...
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Multifamily & Storage Investing in Texas and Arizona w/ Jonathan Wei of GreyStone Capital
Apartment Investor's Club Podcast
Jonathan Wei is a full-time real estate investor with a background in tax accounting. After realising his passion for real estate, Jonathan made the leap to leave his corporate career and focus on building a legacy and creating wealth through multifamily and self-storage investments. He has successfully syndicated several deals, ranging from smaller multifamily properties to self-storage facilities, and has built a strong network of investors through networking events and speaking engagements. Jonathan's expertise in raising capital and his commitment to providing passive income...
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Scaling to Success: Going from a Duplex to 10,000 Units w/ Zamir Kazi of ZMR Capital
Apartment Investor's Club Podcast
Zamir Kazi is a real estate maverick who has defied the odds and achieved extraordinary success in the industry. From his first investment in a rundown $20,000 Duplex, Zamir has skyrocketed his portfolio to an astounding 10,000 units in just a decade. With a laser focus on value-add core plus properties in the sun-soaked states of the sunbelt, Zamir has strategically expanded his presence across eight states, with Florida being the heart of his operations. Leading a team of 25 dedicated professionals spread across Los Angeles, Florida, and Texas, Zamir's headquarters may be in Tampa, but his...
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From Charter to Success: The Journey of Starting a New Bank in the Real Estate Industry w/ Sam Morris
Apartment Investor's Club Podcast
My special guest is As a veteran banker with experience spanning over 18 years, he has developed an insightful perspective on the symbiotic relationship between the banking industry and real estate. Sam can articulate industry jargon in a way that makes it meaningful for his listeners, making his conversations as enlightening as they are engaging. Before turning to real estate, he held key roles within community banks and even kick-started his own. A dynamic leader, Sam is now the CEO of Sunset Capital, bringing his bank-side understanding to identify and manage assets across apartment and...
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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