Is it possible to earn from your business and be compassionate at the same time? Not a lot of real estate investors are capable of doing so. But for the rare ones, it sets a great example of how entrepreneurs and investors can make a difference in any industry.
Our Gracious Sponsor:
Podcasting You is the go-to company if you’re looking to grow your real estate business in 2023. They have worked with hundreds of investors to secure guest placements on thousands of podcasts so they can raise more capital, generate brand awareness, and increase their credibility. Interested? Go to podcastingyou.com/syndication to book your FREE discovery call.
Watch the episode here:
Listen to the podcast here:
Black Swan Real Estate principal, Nick Stageberg, offers his experience and valuable insights in this first of a two-part episode. Get to know how he earns the trust of investors, and how he takes care of his team in special ways in #TechandTacticsTuesday.
Key Points From This Episode:
- What was he doing before he ventured into real estate?
- How did he successfully transition to real estate?
- What was his plan like when he set his big goals?
- What are the things that help him keep pursuing personal growth?
- What is his business all about? What type of services does it offer?
- Is he into single asset or multi-asset funds?
- What kind of investors work for his business? How does he acquire them?
- How does he give back to the community?
- What business model does he have considering he has a profit-sharing program in his company?
“Repetition is the mother of all skills. So going through that process of zero to 100 employees and massive organizational growth, revenue growth, made it really easy to do the third time.”
“Having gone through a couple of really successful startup organizations and a really powerful business partner allowed us to grow our company so quickly and so successfully.”
“I know myself today, I know that I’m really never going to retire like this. This is just who I am. This is when I’m really thriving, the most leading the biggest life I can possibly lead.”
“Through all of my entrepreneurship journey, I had made other people extraordinarily wealthy, but I never really truly made myself that wealthy. That’s just not how things shook out.”
“I’d have nowhere near the happiness, the fulfillment, the satisfaction I have that so many people out there that are successful are driven by despite they’re trying to thrive.”
“We’re a very mission-driven organization, a values-driven organization, a very spiritual organization. So we have a radically different structure to our private equity fund, we have no fees whatsoever.”
“A hundred percent of our profit goes to our investors until they’ve gotten a full return of capital.”
“I think we really put the needs of our investors ahead of our own in the mathematical kind of sense of the word; 5% of the profit from our organization goes to charity, we built a school last year.”
“Five percent of our profit goes back to our staff in a profit share.”
“We’re asking ourselves, How do we create more real tangible value for our tenants for our investors?”
“That relentless focus on value creation on service is what’s allowed us to grow so quickly to raise capital at a time when it’s been challenging for some people to raise capital, to find really good deals.”
“I’d say we’re willing to work on the difficult problems that most people aren’t willing to touch.”
“I think if you just if you really truly care about people, and you really want to serve people, everyone’s heart opens and all these all these barriers we put up, just just go away, and you’re able to achieve incredible things.”
“We manage our company the same way I would manage an agile software development project or something of that nature. So we iterated towards success, we had kind of a small portfolio to start with.”
“I think most people most of the time hate their property management company; I think there’s a misalignment of incentives, and in most property management contracts.”
“But it’s not hard to win business. And then those people that we just over-delivered for those became our first investors, our first partners.”
“If you can get to that infinite rate of return, where you have no money in the deal, and then you can roll that into the next deal in the next deal, you’re able to exponentially grow your equity. This is the business model that we’ve been using.”
“We think of this as a generational wealth vehicle, essentially, this is the kind of thing that your children will inherit.”
“We joke, ‘You know, why would you ever want to kill the golden goose and we’re Black Swan Real Estate.’ So it’s a fun, fun metaphor to use there.”
“Our employees get 5% of my wife and I’s equity in all of our ventures, basically as a discretionary compensation scheme.”
Links Mentioned in Today’s Episode:
About Nick Stageberg
Nick Stageberg is a career technologist with over 15 years of experience in the software development, architecture, and management space at Dell, Revenue Management Solutions, and Mayo Clinic. In 2017, Nick expanded his real estate horizons by obtaining a real estate license in Minnesota and now works with Keller Williams Premier Realty-Rochester to represent Black Swan Real Estate, other investors, and home buyers/sellers in real estate transactions.
Nick earned a degree in Computer Science from Oklahoma Christian University.
Join the Real Estate Syndication Show Community: