#205: Kevin Dahlstrom - Making Money Moves, Compounding, I Join The Board, & Riff on Remote Work / WFH
03/31/22 • 65 min
1 Listener
Kevin Dahlstrom, Founder of Swell, joins the podcast for the third time to chat about his career in Fintech and what he's looking to change about how people think about and use money. Chris and Kevin chat about launching Swell, democratizing capital for the 95% of America, and a fun conversation on remote work vs office work.
Follow Chris on Twitter: www.Twitter.com/FortWorthChris
Follow Chris on LinkedIn: www.linkedin.com/in/chrispowersjr/
Subscribe to The Fort on YouTube: https://www.youtube.com/channel/UCuJ32shRt8Od3MxMY-keTSQ
Follow The Fort on Instagram: www.Instagram.com/TheFortPodcast
(03:08) - Catching up with Kevin: Launching Swell
(07:57) - Do fintechs approach banks to partner with or do banks spin up these fintech companies?
(09:16) - What is Swell and why now?
(14:29) - The Core Tenants Of The Product
(22:18) - How do the traditional banks make money in non-obvious ways?
(24:22) - What does the climate for traditional banks look like in 10 years?
(26:43) - How many people fall under your TAM?
(28:38) - How Affordable Credit Brings Countries Out of Poverty
(30:28) - Why does the average American have a poor credit score?
(31:46) - The Democratization of Capital
(38:37) - Building Community
(40:58) - How do people get on the waitlist?
(41:37) - Chris & Kevin’s Big Announcement
Hot Topics:
(45:19) - Remote work
(59:44) - Globalization & Moving knowledge workers overseas
The Sovereign Individual by James Davidson
(1:03:31) - Final thoughts
The Fort is produced by Johnny Podcasts
Kevin Dahlstrom, Founder of Swell, joins the podcast for the third time to chat about his career in Fintech and what he's looking to change about how people think about and use money. Chris and Kevin chat about launching Swell, democratizing capital for the 95% of America, and a fun conversation on remote work vs office work.
Follow Chris on Twitter: www.Twitter.com/FortWorthChris
Follow Chris on LinkedIn: www.linkedin.com/in/chrispowersjr/
Subscribe to The Fort on YouTube: https://www.youtube.com/channel/UCuJ32shRt8Od3MxMY-keTSQ
Follow The Fort on Instagram: www.Instagram.com/TheFortPodcast
(03:08) - Catching up with Kevin: Launching Swell
(07:57) - Do fintechs approach banks to partner with or do banks spin up these fintech companies?
(09:16) - What is Swell and why now?
(14:29) - The Core Tenants Of The Product
(22:18) - How do the traditional banks make money in non-obvious ways?
(24:22) - What does the climate for traditional banks look like in 10 years?
(26:43) - How many people fall under your TAM?
(28:38) - How Affordable Credit Brings Countries Out of Poverty
(30:28) - Why does the average American have a poor credit score?
(31:46) - The Democratization of Capital
(38:37) - Building Community
(40:58) - How do people get on the waitlist?
(41:37) - Chris & Kevin’s Big Announcement
Hot Topics:
(45:19) - Remote work
(59:44) - Globalization & Moving knowledge workers overseas
The Sovereign Individual by James Davidson
(1:03:31) - Final thoughts
The Fort is produced by Johnny Podcasts
Previous Episode
RE #204: Steve Radom - Founder of Radom Capital - Best in Class Urban Infill Developer
Steve Radom, Founder of Radom Capital, began his company in 2014 with the vision of creating a best-in-class urban infill redevelopment platform that passionately executes enduring designs and yields differentiated projects. Radom has developed 15 projects ranging from small, retail redevelopments to larger mixed-use projects. Each stabilized project has achieved and maintained 100% occupancy to best-in-class tenants.
On this episode, Chris and Steve chat about the story of how Radom Capital came to be, how Steve selects a location and what matters. They also share stories of how Montrose Collective & MKT came to be and how ultimately, it's all in the details.
Learn more about Chris Powers and Fort Capital: www.FortCapitalLP.com
Follow Fort Capital on LinkedIn: www.linkedin.com/company/fort-capital/
Follow Chris on Twitter: www.Twitter.com/FortWorthChris
Follow Chris on LinkedIn: www.linkedin.com/in/chrispowersjr/
Subscribe to The Fort on YouTube: https://www.youtube.com/channel/UCuJ32shRt8Od3MxMY-keTSQ
Follow The Fort on Instagram: www.Instagram.com/TheFortPodcast
(01:50) - Steve’s Background and Career
(10:19) - What would you say is your edge?
(14:00) - When do you go from really good to absolutely great?
(16:49) - How do you think about raising capital?
(21:33) - How do you think about hiring architects and landscape designers?
(23:40) - What separates a great architect?
(24:49) - Building The Montrose Collective
(32:44) - What’s your secret to working with City Councils?
(37:15) - Learnings From The Early Days Of The Pandemic
(43:36) - How are you describing the Houston market right now?
(46:59) - What do you think about Houston’s Zoning approach?
(48:25) - The MKT Project
(57:35) - What’s your tenant buy-in strategy?
The Fort is produced by Johnny Podcasts
Next Episode
RE #206: Scott Everett - Founder of S2 Capital - 0 to 38,000 MF Units by 32 y/o
Scott Everett founded S2 Capital in 2012 to acquire multifamily Real Estate. In the past 10 years as CEO of S2 Capital he has built a Real Estate investment company that has acquired over $6B of multifamily assets totaling 40,000 units and 3 operating companies that generate annual revenues in excess of $350M with over 600 employees.
On this episode, Scott discusses how he got started in value add MF and grew to 38,000 units, how he underwrites deals, and what matters when underwriting a deal. They chat about how S2 is set up operationally and how his different teams all work together. Scott also shares why he's raising a fund after 10+ years of syndicating deal by deal. Enjoy!
Learn more about Chris Powers and Fort Capital: www.FortCapitalLP.com
Follow Fort Capital on LinkedIn: www.linkedin.com/company/fort-capital/
Follow Chris on Twitter: www.Twitter.com/FortWorthChris
Follow Chris on LinkedIn: www.linkedin.com/in/chrispowersjr/
Subscribe to The Fort on YouTube: https://www.youtube.com/channel/UCuJ32shRt8Od3MxMY-keTSQ
Follow The Fort on Instagram: www.Instagram.com/TheFortPodcast
(02:07) - Scott’s RE career
(08:42) - Did something happen in your childhood that gave you your sense of confidence?
(10:48) - Scott’s first deal for 184 units
(15:33) - What are illegitimate reasons a property isn’t performing?
(18:11) - How do you think about approaching a deal?
(20:55) - How much has the RE landscape changed over the past decade?
(23:26) - Being laser focused on one asset
(26:38) - How do you think about due diligence?
(29:20) - Scott walks us through the entire deal process
(35:27) - Why do you renovate units so often?
(36:39) - What’s the first 90-180 days after closing look like?
(40:41) - How long does a full unit rehab take?
(41:22) - When do you talk to folks about renewals?
(43:18) - Do you want to get every unit updated within 2 years?
(48:09) - What separates you from competition in the construction part of the process?
(52:08) - What are you experiencing in the current labor market?
(55:33) - How do you think about staying on top with materials supply?
(57:20) - Are rents so competitive that class B tenants are moving up to Class A apartments?
(58:50) - What do you want your asset managers focused on?
(1:02:15) - What’s your ReFi strategy?
(1:02:48) - What’s the difference between Fanny & Freddy loans?
(1:03:44) - How fluid is the process of getting to your projected NOI number?
(1:05:20) - Where do most people miss the boat in terms of Capex?
(1:07:10) - How are you refreshing your portfolio today?
(1:11:14) - Is there any technology that has your attention right now?
(1:14:25) - Why are you raising a fund?
(1:30:44) - Is there anything out there that scares you?
(1:33:59) - What’s your words of wisdom on building a great family business?
(1:37:53) - What is the S2 foundation?
The Fort is produced by Johnny Podcasts
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