020 – Yin Lin of Sage Vacations – Vacation Rentals As a Group Experience

Yin Lin

Short-term vacation rentals for groups…

Yin LinYin Lin, Founder/COE of Sage Vacations (a private real estate company with 10 vacation properties across the country, and partnering with institutions and investors to acquire, develop, and commercialize its property investments) and Founder of SheWorx (global collective of ambitious high-growth female entrepreneurs redefining leadership) joins Thomas Kutzman and Scott Pollack in the MouthMedia Network studios powered by Sennheiser. Presented by Prevu.

In this episode:

  • Lin discusses acquiring and commercializing residential property, undervalued property valuesYin Lin
  • Distributing them on short term rental sites
  • Developing a short term rental portfolio.
  • There is a demand for large spaces for groups who cannot get same experience in standard hotel rooms
  • Looking at lesser known cities with high regional tourism, emerging cities
  • The experience of a space needs to be great, and the people feel the sense of community
  • Creating great experiences, and getting buy-in from the community for creating a network
  • Creating more bespoke developments which cater to the needs of the audienceYin Lin
  • How short term rentals have changed the vacation model, and the future of it depends largely on regulation
  • Why professionalism of short-term rentals reduces risk all around
  • How Lin got into the business
  • Part of Lin’s inspiration in building her business and portfolio is wanting to help women build wealth through real estate
  • What marathons have meant to Lin in understanding herself and her potential
  • Running in 5 continents so far, and what about Ironman competitions

019 – Isabel Berney and Truth Oladapo of Vacayo – Why Landlords are Falling in Love with Vacation Rentals

Vacayo

Leasing long-term rentals and converting them into outstanding vacation homes which provide landlords higher income and eliminate vacancy risk with Vacayo…

VacayoIsabel Berney (COO/Co-Founder) and Truth Oladapo (CEO/Co-Founder) of Vacayo join Thomas Kutzman and Scott Pollack in the MouthMedia Network studios powered by Sennheiser. Presented by Prevu.

In this episode:

  • Helping people earn passive income and have upward mobility via real estate, and how landlords can short term rental their home
  • Absorbing the risk for the landlord, making possible to monetize asset right away, guaranteeing a certain rent and lease, furnish and manage the rental
  • Eliminating the need to be a landlord
  • Most people don’t want to be a landlord, it is just a path to passive income
  • Vacayo eliminates the need to be a landlord, by Vacayo being the tenant and the manager
  • How Berney and Olapdapo didn’t realize this was a business that could be scaled until they were well into it, how it grew organically into an arbitrage model that was thought out, but the service aspect grew also organically, and how the model was suggested by a landlord when Olapado was hacking wires in a buildingVacayo
  • Guaranteeing an income stream for the property that is generally higher than the market
  • How Vacayo can furnish a space within 48 hours
  • Being able to expand completely remotely, giving the supers the playbook, and how they can roll out and expand quickly into new markets
  • Why data assists with determining the true value of a home including rental potential
  • Startups are demanding and time consuming, ideal calling for a parent, complete flexibility over time, doing something you love that can be lucrative
  • And–managing rentals on Mars?

018 – Yale Fox of Rentlogic – Rating Rentals

Rentlogic

Unbiased, data-driven ratings for every apartment building in New York City…

RentlogicYale Fox, CEO of Rentlogic (looks at a building’s history over time and rates it for quality and safety) joins Thomas Kutzman and Scott Pollack in the MouthMedia Network studios powered by Sennheiser. Presented by Prevu.

In this episode:

  • Creating a ratings system for apartment buildingsRentlogic
  • List of standards built into an iPhone app
  • Basic standards include heat, hot water, no mold or roaches
  • Corporate relocations into quality housing gives better chance employees won’t end up in low quality housing which can affect work performance, and for international students, affect academic performance
  • One of only few ways to differentiate the rental product when similar buildings and location
  • Ratings available online, and signageRentlogic
  • Data certifications, increasing transparency
  • The genesis of the company from fighting in court and taking advice from a judge
  • Becoming a partner in a club and being a DJ, getting attention from a blog article
  • Trends from how open data is evolving from real estate spaceRentlogic
  • How Rentlogic is a socially responsible product
  • Canadian bands, Spotify, and music licensing rights
  • And — the first talking dog is intentionally profane?

007 – Paraag Sarva of Rhino – Securing Rentals

Paraag Sarva

Security deposit alternative for rentals with Paraag Sarva…

Paraag SarvaParaag Sarva, CEO/Founder of Rhino (replacing security deposits with a smarter alternative that’s better for both renters and landlords) joins hosts Thomas Kutzman and Scott Pollack in the MouthMedia Network studios powered by Sennheiser. Presented by Prevu.

An atypical path, from dating site to the Mayor’s office, and why Rhino was created

Paraag SarvaSarva discusses how Rhino is making renting easier, starting with security deposits and figuring it out after that. He reviews how his path has not been that of a typical real estate entrepreneur, taking a journey starting with financial services, working as a policy advisor in the NYC Mayor Bloomberg’s office, a principal at Grow Real Estate, and his role as Vice President, Media and Partnerships for the dating site How About We. Plus, why Rhino was created, and some amazing donuts.

Insuring the landlord, marketing, and additional applications

Paraag SarvaHow instead of signing a lease with a security deposit, Rhino insures the landlord for damages caused by the tenant, solving challenges and pains from owner’s side. How Rhino marketed it to landlords, being mindful of ignorance of forfeiting security deposits, how the renter/landlord dynamic is adversarial, and why it takes a culmination of experience and learnings to do something in a complex space. The potential of applying this type of thinking to other components of real estate transactions.

Business strategy, customer adoption, and a presidential “prediction”

Business growth strategies based on looking at the concentrations of where people live and want to live, following the population and obvious opportunities, how Rhino achieves customer adoption, and employing geography by geography company-building much like dating sites. Sarva’s favorite industry so far, the implications of being the youngest in an entrepreneurial family, sibling rivalry, and a 2020 presidential race prediction and candidate suggestion.

004 – Harley Courts of Nooklyn – Beyond Brooklyn

Taking the friction out of rentals and roommates with tech…

Harley Courts, CEO at Nooklyn ( Brooklyn-based tech start-up fixing the experience of finding apartments and roommates) joins hosts Thomas Kutzman and Scott Pollack in the MouthMedia Network studios powered by Sennheiser. Presented by Prevu.

From skateboarding to real estate, data as a core asset, and why brokers are here to stay

Courts discusses the impact that the company’s atypical management and structure has contributed to its success, what he took from running a skateboard company, leadership, building a collaborative, mission driven team, how his skateboard company failing led to becoming the super of a building, then meeting numerous real estate brokers and realizing he can do that, starting Nooklyn as a blog, and having so much success that he had to hire agents. How when giving listing data away you have nothing, as it’s a core asset. How Nooklyn is giving renters control over process, plucking away at removing friction for renters, the majority of the country is still on Craigslist for rentals, and why the highly regulated nature of the real estate industry, and the fact that this is the largest purchase most people will make, means brokers will remain.

Taking on Manhattan, fixing the experience, and growing quickly

A spectrum of vegan offerings make for a dynamic snack. Court reveals how Nooklyn is growing beyond Brooklyn, and being on a mission to fix the experience for renters, and to take on a new market, Brooklyn and Manhattan. Why 200 listing number is a magic number to make progress, how Nooklyn offers an advantage for landlords, getting into shared housing on the platform, and the ability to facilitate transactions. Why with currently 250 agents Nooklyn is trying to hire 375 more agents in the next year. And how more than half the deals are split between at least two agents, who often contribute different skills sets and resources.

The skateboarding business, a police offer and a party animal, and eating vegan

Personal questions cover missing skateboarding, a broken elbow, a daughter (also) named Harley, learning the skateboarding industry in detail, seven layers of wood, difficulty in competing in the skateboarding business, a bad experience moving in with a police officer and a party animal who both stopped paying rent immediately, and how Court has personally gone through many challenges of rentals and roommates and what’s driven him to make the process better. Plus, a roommate platform built into the site, and favorite Vegan restaurants in Brooklyn.