252. Building a Team To Replace Yourself as a Land Investor with Mark Podolski

06/20/22 • 11 min

Mark Podolski from the Land Geek is back on the show. Mark talks about hating his job and wanting something better for himself, the reasons he wanted to make that transition, and the challenges of being an entrepreneur when working in an investment banking environment. He shares that land investing offers intrinsic advantages over other businesses and has no physical items to maintain, no renters to deal with and with little stress. Listen in as he teaches how to be successful land investors, land investing coaches and committed to helping you break out of solo-economic dependency!

[00:01 - 03:13] Opening Segment

Suja introduces Mark
Mark says that he hated his job and wanted to find a better way of life, which led him to land investing
He describes the advantages of land investing over other businesses and how it appealed to him as an individual
Transitioning into land investing and how it differs from investment banking

[03:14 - 08:50] Building a Team To Replace Yourself as a Land Investor

Mark describes how the investment banker occupation is different from land investing business
Land investing business is an actual business whereas investment bank is a job
He says that it could take years to develop a successful land investing business
It took years to build a system or a team that could replace yourself to run the business
The effect of “The Great Recession”
Mark said that as an investor, he was profitable
He had to figure out hot cut his expenses and add value to his life

[08:51 - 11:05] Closing Segment

Mark recommends the program that helped him with his cashflow management: Profit First by Mike Michalowicz
Mark invites us to check out his free course and how to double your money in three days or less! thelandgeek.com
Mark shares where you can get in contact with him (links below)

Quote/s:

“You need to get out of every piece of the business so that you're building something bigger than you, so that, eventually if you want to sell it or something happens to you or you just don't want to do it anymore. You've built this cashflow machine that can operate without you.” – Mark Podolski

You can connect with Mark through Website, Podcast, Facebook, Twitter, YouTube, and email!

WANT TO LEARN MORE?

Connect with me through LinkedIn

Or send me an email at [email protected]

Visit my website www.luxe-cap.com or my YouTube channel

Thanks for tuning in!

If you liked my show, LEAVE A 5-STAR REVIEW, like, and subscribe!

[00:01 - 03:13] Opening Segment

Suja introduces Mark
Mark says that he hated his job and wanted to find a better way of life, which led him to land investing
He describes the advantages of land investing over other businesses and how it appealed to him as an individual
Transitioning into land investing and how it differs from investment banking

[03:14 - 08:50] Building a Team To Replace Yourself as a Land Investor

Mark describes how the investment banker occupation is different from land investing business
Land investing business is an actual business whereas investment bank is a job
He says that it could take years to develop a successful land investing business
It took years to build a system or a team that could replace yourself to run the business
The effect of “The Great Recession”
Mark said that as an investor, he was profitable
He had to figure out hot cut his expenses and add value to his life

[08:51 - 11:05] Closing Segment

Mark recommends the program that helped him with his cashflow management: Profit First by Mike Michalowicz
Mark invites us to check out his free course and how to double your money in three days or less! thelandgeek.com
Mark shares where you can get in contact with him (links below)

Quote/s:

You can connect with Mark through Website, Podcast, Facebook, Twitter, YouTube, and email!

WANT TO LEARN MORE?

Connect with me through LinkedIn

Or send me an email at [email protected]

Visit my website www.luxe-cap.com or my YouTube channel

Thanks for tuning in!

If you liked my show, LEAVE A 5-STAR REVIEW, like, and subscribe!

Previous Episode

251. Minimizing Vacancies In Order To Have Minimal Delinquency with Dylan Marma

Dylan Marma is the principal of The Requity Group, a vertically integrated real estate private equity company. He has been investing full time for the last 4 years and has been the lead sponsor of $90M in transactions. He says that there is one big expense that’s unique to manufactures housing communities and that’s vacancies. Vacancies are a big expense because they can really impact the long-term viability of the community. Listen in as he stresses the importance of understanding your income and expenses, your net operating income, in order to determine the value of a mobile home park!

[00:01 - 03:35] Opening Segment

Suja introduces Dylan
Dylan discusses the tremendous difference between mobile home parks and RV campsites in terms of length of residency and purpose
He says that renting out land in mobile home parks or manufactures housing communities is a great business because there is only so much upkeep from the land itself
He explains that on an RV camping ground, your main source of income is typically your nightly rates, which can be high cash flow

[03:36 - 10:59] Minimizing Vacancies In Order To Have Minimal Deliquency

Dylan discusses that there are number of fees and expenses associated with owning an apartment complex, including lot rent, move-in fees, taxes, and payroll
The management fee for a tenant-owned community can be from 5% to 6%
The insurance cost can be around $60
Marketing is minimal for tenant-owned communities, as it depends on the community’s status
Dylan explains that there are many additional income streams that can be generated from RV rentals, such as selling food, golf carts, and parts and supplies
He says that rent is typically the main sources of income for Rvers and there is usually minimal delinquency because people are usually paying in advance and trying to maximize your occupancy at all times

[11:00 - 20:28] Closing Segment

Dylan shares that short term RV campgrounds are typically 40-60 % higher in income than long term campgrounds, but have a significantly higher expense ratio.
Dylan shares where you can get in contact with him (links below)

Quote/s:

“When you start going niche, and digging in. You can find providers that specialize in this and you can get some really attractive quotes.” – Dylan Marma

You can connect with Dylan through Website, Podcast, LinkedIn, Twitter, and email!

WANT TO LEARN MORE?

Connect with me through LinkedIn

Or send me an email at [email protected]

Visit my website www.luxe-cap.com or my YouTube channel

Thanks for tuning in!

If you liked my show, LEAVE A 5-STAR REVIEW, like, and subscribe!

Next Episode

253. Self Storage Industry's Low Operating Expense Pushes Capital Into Space With Mark McGuire

Mark MacGuire is the Chief Investment Officer at Hearthfire Capital. As the CIO Mark is responsible for the equity arm of Hearthfire Capital. Having personally participated as a limited partner in 20 different investments, Mark understands the most important aspect of an investment, other than investment performance, is investor communication. Mark draws on his personal LP experience to tailor an investor-centric experience for Hearthfire investors. He transitioned into real estate sales in 2012. At that time, the market was in a downturn and he found success with residential real estate sales. In 2018, he made the decision to venture into self-storage and is very excited about the opportunities that are currently available. Listen in, if you’re interested in getting involved in the real estate market or if you’re looking for ways to protect yourself from potential risk, as Mark gives his insights that are definitely worth considering!

[00:01 - 03:13] Opening Segment

Suja introduces Mark
Mark discussed how he started his career in real estate sales, working his way up from maintenance to residential
He points out that the market conditions at the time were unfavorable for real estate
He decided to switch gears and pursue self-storage as an investment
He has been successful in self-storage, and credits his experience and education in landscaping and construction with helping him succeed in this industry

[03:14 - 14:14] Building a Real Estate Team Is Difficult

Mark discusses how real estate sales can be difficult to grow a team for, and how he eventually transitioned to syndications
He became comfortable with syndications after being introduced to it by his mentor
He found success with a winery in New Jersey that hosted weddings during COVID

[14:15 - 18:36] Taking Advantage of the Market Conditions During Times of Crisis

Mark shares his story of how they became interested in commercial real estate and syndications
How he eventually ventured into the space by buying and selling single-family homes
He shares that the market conditions were favorable for them when they bought their first properties
They moved rates to take advantages of the opportunity

[18:37 - 32:28] Self Storage Industry's Low Operating Expense Pushes Capital Into Space

Mark explains how self-storage is a forgiving business with a low operating expense ratio, which is attracting more capital to the space
He says that multifamily returns are super compressed, which is contributing to the growth of self-storage
Self-storage is a great option for partners because it has low barriers to entry and a low operating ratio
He discusses how the self-industry and how it has changed over time
- Millennials are the least price sensitive and care the most about convenience and appearance
- Boomers are price sensitive and will move to a cheaper storage facility if their rates are raised

[32:29 - 39:10] Closing Segment

Mark believes that, “Find your one thing and just go an inch wide in a mile deep”.
- Learn everything you could learn until the marginal benefit does not outweigh the marginal cost
Mark recommends you to visit and invest with his company: https://hfirecapital.com/
Mark shares where you can get in contact with him (links below)

Quote/s:

“We always want to try and bring them up to within striking distance of street rate, but we don't want to give them a reason to move out, because vacancy is the silent killer of rental real estate.” – Mark McGuire

You can connect with Mark through his website, Linkedin and Instagram!

WANT TO LEARN MORE?

Connect with me through LinkedIn

Or send me an email at [email protected]

Visit my website www.luxe-cap.com or my YouTube channel

Thanks for tuning in!

If you liked my show, LEAVE A 5-STAR REVIEW, like, and subscribe!