Unlocking the Secrets of Hospitality: From Multifamily to Resorts with Josh McCallen

07/31/24 • 49 min

Jake and Gino Multifamily Investing Entrepreneurs

Welcome to the Movers and Shakers Podcast! In this episode, Gino Barbero, co-founder of Jake and Gino, sits down with Josh McCallen, CEO and President of Viva May Hospitality. Josh’s journey from a challenging childhood to leading a hospitality empire is nothing short of inspiring. Discover how Josh and his team manage to welcome and serve over 325,000 guests annually across their luxurious properties.

Key Highlights:

Josh’s Background: Learn about Josh’s early life, including the hardships that shaped his work ethic and passion for hospitality.
Viva May Hospitality: Understand the mission behind Viva May, which translates to "revive the soul," and how it influences their business operations.
Accountable Equity: Explore how Josh's company builds a community of accredited investors, providing unique opportunities and exceptional returns.
Hospitality and Multifamily Synergy: Gino and Josh discuss the parallels between managing multifamily properties and hospitality ventures, offering valuable insights for investors.
Buy Right, Finance Right, Manage Right: Dive into Josh's strategic approach to acquiring, financing, and managing large-scale hospitality properties.
Sales as a Sacred Practice: Hear Josh’s unique perspective on the importance of sales in creating value and sustaining their mission.

Timestamped Transcript:

00:00 - Intro
05:40 - The concept of hospitality in multifamily
08:47 - Defining hospitality and Josh’s path to his mission
15:29 - Josh’s buy-right strategy for hospitality properties
24:51 - Gino’s reflections on Josh’s buy-right strategy
28:43 - Creative financing strategies explained by Josh
34:38 - Manage-right strategies for hospitality
40:46 - Gino’s take on the importance of sales
42:12 - Tips on raising capital and building investor relationships
47:52 - Gino wraps it up

Connect with Josh McCallen:

Website: Accountable Equity
Podcast: Capital Hacking

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Key Highlights:

Josh’s Background: Learn about Josh’s early life, including the hardships that shaped his work ethic and passion for hospitality.
Viva May Hospitality: Understand the mission behind Viva May, which translates to "revive the soul," and how it influences their business operations.
Accountable Equity: Explore how Josh's company builds a community of accredited investors, providing unique opportunities and exceptional returns.
Hospitality and Multifamily Synergy: Gino and Josh discuss the parallels between managing multifamily properties and hospitality ventures, offering valuable insights for investors.
Buy Right, Finance Right, Manage Right: Dive into Josh's strategic approach to acquiring, financing, and managing large-scale hospitality properties.
Sales as a Sacred Practice: Hear Josh’s unique perspective on the importance of sales in creating value and sustaining their mission.

Timestamped Transcript:

Connect with Josh McCallen:

Website: Accountable Equity
Podcast: Capital Hacking

Subscribe and Follow:

Don't miss out on future episodes of the Movers and Shakers Podcast! Subscribe now and join our community of passionate investors and entrepreneurs.

Like, comment, and share this video if you found it valuable. Your support helps us bring more insightful content to you. Thank you for watching!

Previous Episode

Market Cycles and Money Moves: Salvatore Buscemi’s Expert Insights | The Jake and Gino Podcast

Key Takeaways:

Salvatore's unique journey from potential doctor to investment expert.
The importance of networking and aligning with experienced GPs in real estate.
How to raise capital effectively and build meaningful relationships.
Salvatore’s insights into future economic trends and investment opportunities.
The critical role of attention and storytelling in the world of investments.

Connect with Salvatore:

Website: Calling the Capital
LinkedIn: Salvatore Buscemi

Recommended Resources:

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#RealEstate #InvestmentStrategies #FinancialFreedom #JakeAndGino #SalvatoreBuscemi #MarketTrends #CapitalRaising #Networking #EconomicInsights

Next Episode

Multifamily Deal Analyisis Dos and Don'ts - How To with Gino Barbaro

Welcome to Jake and Gino's channel! In this video, Gino Barbaro, co-founder of Jake and Gino, dives deep into the intricacies of analyzing multifamily properties. Whether you're a seasoned investor or just starting, understanding the do's and don'ts of property analysis is crucial for success.

Key Topics Covered:

1. Government Involvement

Rent Control Efficiency: I share my perspective on why rent control might not work as intended due to government intervention.
Corporate Transparency Act: Insights into how the act, passed in 2021, affected 33 million LLCs and the ongoing issues with its implementation.

2. Stipulations of Biden's Rent Control Proposal

Applicability: It affects properties with 50+ units, raising questions about its impact on smaller entities.
Exemption for New Construction: I discuss the importance of not penalizing new construction to address the affordable housing crisis.
Penalties for Non-Compliance: Uncertainty around penalties and tax incentives for non-compliance.

3. Real-world Implications

Inflation and Rent Caps: Challenges with capping rent increases in the face of rising costs for insurance, labor, and utilities.
Deferred Maintenance: How rent control could lead to deferred property maintenance and its consequences.
Supply and Demand: The need for increased housing supply to naturally balance the market without government-imposed price caps.

4. Economic Realities

Rent vs. Ownership Costs: National averages showing renting is cheaper than owning, highlighting the need for market-driven solutions.
Examples from Major Cities: Analysis of cities with rent control and their ongoing supply issues.

Conclusion

We need more supply in the housing market and fewer restrictions on pricing. Let’s focus on creating more affordable housing through public-private partnerships and incentivizing builders.

I want to hear from you! Please share your thoughts in the comments below or email me. Let's have an open dialogue to find the best solutions for affordable housing.

Subscribe to our channel for more insightful discussions on real estate and financial intelligence. See you next week!

Gino Barbaro Co-founder of Jake and Gino

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