The Build-to-Rent Revolution: Unlocking Active Freedom and Crafting an Enriching Family Life
The Richer Geek · Mike Stohler
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Show Notes
Hey, everybody, welcome back to another episode of the Richer Geek Podcast. On today's episode, we have Jim Sheils, a real estate expert with extensive knowledge in the Build-to-Rent niche. He's a partner at Southern Impression Homes, a company that specializes in building rental portfolios in Florida's high-growth markets for individual investors and institutional buyers, in addition, Jim is the co-owner/co-founder of 18 Summers, providing family education services to entrepreneurs and professionals seeking to strengthen their family relationships while succeeding in business.
In this episode, we're discussing…
· [1:13] Jim and Jamie Sheils background and partners at Sothern Impression Homes
A company specializing in building rental portfolios for investors.
· [2:08] Overview of Southern Impression Homes
Jim provides an overview of Southern Impression Homes, focusing on building rental portfolios for individual investors and institutional buyers, particularly in Florida.
· [2:37] Build-to-Rent Strategy and Property Types
Jim explains the build-to-rent strategy, focusing on durable construction and avoiding the "three-year curse" common with older properties.
Discusses building single-family homes, duplexes, and quads to provide options and better cash flow.
· [4:38] Market Focus and Property Sizes
Highlights the importance of market focus and discusses property sizes ranging from 1,200 to 5,000 square feet, aiming for affordability below the median
· [8:16] Target Investors and Tenant Demographics
Talks about attracting middle-management, high-paying professionals, police officers, teachers, and families with two incomes.
Emphasizes affordability for both buyers and renters.
· [9:27] Process for Investors and Construction Financing
Jim explains the process for investors, highlighting that they do not need a construction loan.
Offers an in-house financing program at 4.75%, providing options for investors.
· [17:26] Long-Term Investor Perspective
Discusses the investor perspective, indicating that many investors prefer to stay for the long term due to increasing cash flow and property stability.
· [18:09] Introduction to 18 Summers Program
Shifts to discussing Jim's 18 Summers program, focusing on helping business leaders strengthen family connections through innovative frameworks.
· [18:43] Importance of Family Board Meetings
Describes the Family Board Meeting strategy to strengthen family connections through one-on-one time, intermittent tech fasting, and meaningful communication.
· [22:05] Conclusion and Where to Find Jim Shields
Wraps up the podcast, providing information on where to find more about Jim Shields and his programs
Resources from Jim
JJPlaybook.com | Instragram Southern Impression Homes | Jim Sheils Instagram | LinkedIn |Facebook SI HomesFL | YouTube Southern Impression Homes | 18 Summers: Podcast for Parents
Other Resources
Application underwriting for tenants: RentZap
Resources from Mike and Nichole