Join an active community of RE investors here: https://linktr.ee/gabepetersen
0:00 - Welcome to The Real Estate Investing Club
1:06 - Angela Healy's Real Estate Origin Story
2:31 - What Are Fully Furnished Midterm Rentals?
4:15 - How to Choose the Right Market for Corporate Housing
7:31 - Setup Costs and Furnishing Requirements
8:44 - Rental Premiums: How Much More You Can Charge
14:04 - Finding Corporate Tenants and Best Platforms
17:20 - Market Trends and Future Opportunities
22:09 - Lessons Learned and Advice for New Investors
23:05 - AI Tools for Real Estate Investors
π The Secret Rental Strategy That Doubles Your Income
WHAT IS A FULLY FURNISHED MIDTERM RENTAL?
If you've been searching for a smarter real estate investing strategy with higher income and less operational headache than Airbnb, this episode is for you. Host Gabriel Petersen sits down with Angela Healy, CEO of Avenue West β a corporate housing company operating since 1999 β to unpack the world of fully furnished midterm rentals, a powerful and widely overlooked niche in real estate investing.
Unlike long-term rentals where tenants supply their own furniture, or short-term vacation rentals where guests rotate every few days, midterm rentals sit in the sweet spot between the two. π‘ Fully furnished and move-in ready β internet, streaming, linens, all included β these units are leased to corporations housing relocating employees for an average of about 99 days. That means roughly four tenant turns per year, far fewer headaches than a vacation rental, and significantly higher rent than an unfurnished unit.
HOW MUCH MORE MONEY CAN YOU MAKE?
The numbers are compelling. In Denver, a one-bedroom condo renting unfurnished for $1,800 to $2,000 per month can command $3,500 to $4,000 per month as a corporate rental. π° That is nearly double the income from the same property. Furnishing costs run about $10,000 for a one-bedroom and around $20,000 for a three-bedroom. When you factor in the premium corporations pay for quality housing, that initial capex gets recouped quickly.
#RealEstateInvesting #MidtermRentals #CorporateHousing #PassiveIncome #FinancialFreedom
Want to learn more about our guest? Connect here: https://avenuewest.com/
Want to learn more about the REI Club Podcast, how to invest with Gabe at Kaizen, or join our community of active real estate investors on Skool? Visit the podcast website at https://www.therealestateinvestingclub.com or click here: https://linktr.ee/gabepetersen
0:00 - Welcome to The Real Estate Investing Club
1:06 - Angela Healy's Real Estate Origin Story
2:31 - What Are Fully Furnished Midterm Rentals?
4:15 - How to Choose the Right Market for Corporate Housing
7:31 - Setup Costs and Furnishing Requirements
8:44 - Rental Premiums: How Much More You Can Charge
14:04 - Finding Corporate Tenants and Best Platforms
17:20 - Market Trends and Future Opportunities
22:09 - Lessons Learned and Advice for New Investors
23:05 - AI Tools for Real Estate Investors
π The Secret Rental Strategy That Doubles Your Income
WHAT IS A FULLY FURNISHED MIDTERM RENTAL?
If you've been searching for a smarter real estate investing strategy with higher income and less operational headache than Airbnb, this episode is for you. Host Gabriel Petersen sits down with Angela Healy, CEO of Avenue West β a corporate housing company operating since 1999 β to unpack the world of fully furnished midterm rentals, a powerful and widely overlooked niche in real estate investing.
Unlike long-term rentals where tenants supply their own furniture, or short-term vacation rentals where guests rotate every few days, midterm rentals sit in the sweet spot between the two. π‘ Fully furnished and move-in ready β internet, streaming, linens, all included β these units are leased to corporations housing relocating employees for an average of about 99 days. That means roughly four tenant turns per year, far fewer headaches than a vacation rental, and significantly higher rent than an unfurnished unit.
HOW MUCH MORE MONEY CAN YOU MAKE?
The numbers are compelling. In Denver, a one-bedroom condo renting unfurnished for $1,800 to $2,000 per month can command $3,500 to $4,000 per month as a corporate rental. π° That is nearly double the income from the same property. Furnishing costs run about $10,000 for a one-bedroom and around $20,000 for a three-bedroom. When you factor in the premium corporations pay for quality housing, that initial capex gets recouped quickly.
#RealEstateInvesting #MidtermRentals #CorporateHousing #PassiveIncome #FinancialFreedom
Want to learn more about our guest? Connect here: https://avenuewest.com/
Want to learn more about the REI Club Podcast, how to invest with Gabe at Kaizen, or join our community of active real estate investors on Skool? Visit the podcast website at https://www.therealestateinvestingclub.com or click here: https://linktr.ee/gabepetersen
Category
π
LearningTranscript
00:06all right we are back with another episode of the real estate investing club
00:11i hope you guys are having a great day great week wherever you are and whatever day it is for
00:16you
00:16it is actually thursday this is the the rare episode that we do on a thursday some days i
00:22open up and i get one slot going just to get the juices rolling and actually you guys this year
00:26so
00:27i generally work out at noon and this year i've decided to start working out at 6 a.m and
00:31it is
00:32life-changing i start up and it's just the day is rocking and rolling and so yeah i'm feeling good
00:37and it's a good day for a second reason because we have ashley garner with us here on the show
00:41from abc multifamily abg multifamily i apologize i gotta change that in the title
00:46um abg multifamily they are multifamily syndicators and they have ashley himself has over 40 years or
00:53maybe just 40 years which is still a very long time in real estate so there is a lot of
00:58experience
00:59to go into here ashley i'm excited to jump into this thanks for hopping on yeah gabe uh thanks
01:04for having me and i agree with you that there's nothing better than a first thing in the morning
01:09workout uh i'm a big fan of that myself so good for you yeah yeah i uh we have a
01:16two-year-old daughter
01:16and so i i used to back in the day work out in the morning but i've changed recently to
01:21i work out at
01:21noon noon to one but i just got back into it and i love it i feel just like yeah
01:25kids kind of dictate
01:26the schedule don't they yeah yeah they do um hey ashley i told you before we get on here we
01:32always like
01:32to start with stories we like to hear how people got to where they are um so why don't you
01:36take us
01:36to the beginning of your story in real estate and just tell us how you got here yeah sure thing
01:41so
01:42when i was in uh junior junior high like mid mid teenagers maybe like 12 13 14 years old
01:49my dad started buying old houses near the campus of west virginia university and we would internally
01:57subdivide them and create apartments and the students would live there and go to go to college so
02:03my start was literally with the hammer and nails and shovels and you know demolition and rebuilding and
02:13maintenance and then quickly got into the to the meat of the business with you know the operations
02:20and the acquisitions and the financing and legal and so i literally have been doing what i'm doing
02:27today i've literally been doing since like the mid 1980s nice man yeah i'm always a little jealous
02:34of people who kind of grew up in a family where they were surrounded by real estate and it was
02:38just
02:38second nature to them because you know i we always on the show we're always um talking about how
02:43important mentors and learning from people who have already gone gone and done it how important that
02:49process is and so if you you grew up you saw your dad you're working on his sites um that's
02:53such a such
02:54an advantage in the long run um so once you once you you know you're swinging the hammer you were
02:59actually out there getting getting dirty getting your hands dirty at what point did you start to
03:04actually start to invest in your own properties yeah sure so i'd say
03:10you know probably say roughly 25 years ago or or and and when i started my own it's interesting that
03:20i started kind of what i hear most people do they start with a single family and then a duplex
03:26then
03:26a triplex and they kind of kind of scale up because what happens is you realize like oh my gosh
03:32this stuff
03:33really works and i really love it and the more i do the more i love it so that that
03:38happened to me
03:40also and i even in addition to my background so i went i don't own any of the triplexes and
03:48duplexes
03:48and singles anymore but i so i went to a 10 unit was my first what i call my first
03:54like multi-family
03:55and uh i still own that that was in 2013 and uh then went to 32 units then 35 units
04:04and most recently
04:05uh about 11 months ago was a 196 unit uh complex nice um and that actually that process that you're
04:15talking about i've you know people will approach me and ask for suggestions and guidance on how they
04:20can get started and i'm always kind of um kind of stuck on to what to suggest because that is
04:27the
04:27process that most people take is they buy a single family and then maybe a duplex maybe a couple
04:32triplexes and then eventually they go into you know their end asset be it multi-family i buy mobile
04:38home parks rv parks self-storage facilities or industrial whatever it is they they eventually land
04:43on whether they what they actually want to create a career on and i have always struggled whether
04:50to suggest people do that process or to just start out with the end goal um if you want to
04:55do
04:55multi-family just start out you know buy a 10 unit buy a 15 20 30 whatever you know get
05:00into self
05:00storage if you want to do self storage um do you suggest people go through that process buy a single
05:04family first and then slowly build up or should they be just starting out you know with uh with the
05:10asset that they want that's a great question i don't know about that asset class like where
05:17mainly because i don't know you don't know what you don't know and you you wouldn't even know you
05:21like something until you tried it so for that reason i don't know about like whether you should
05:27start down the path of the specific class and just stick to it um but i do i don't know
05:35man if you go
05:36to all these seminars and read all these books and they ask these mega successful investors what would
05:41you tell yourself if you know you had to do this again you say well i'd go bigger sooner right
05:47they
05:47all they all say the same thing and that's easy to say once you're on that side of it but
05:53i know that
05:54for my own self i remember like looking up even buying one house was like climbing mount everest right
05:59so like i can't imagine going and buying a 40 unit or 196 unit as my first deal yeah so
06:08i think for
06:09that reason you either have to start and work your way up but the real answer i think is if
06:15you want
06:15to go bigger sooner then you've got to get that mentor some other relationship and go with someone
06:21that's already done it that's how you can really get there faster yeah yeah and even in self-storage
06:27like i um i did start small i started with a um like the first thing i bought i think
06:32it was like
06:32like 50 units something like really really small and in self-storage 50 units is nothing
06:38and uh and it was actually it's a it was a disadvantage to to myself because for small
06:45properties and you know this the smaller you get the more any mistake you make will cut into
06:50your noi and it just it erases it instantly and so on bigger deals you actually have more i mean
06:57you
06:58can't you're obviously you're if you make a huge mistake it's going to be really big but uh you have
07:02more wiggle room because there's more net you know income coming into the property which you can use
07:06to get your feet and uh and correct mistakes um yeah but yeah yeah i i do you know a
07:12lot of people
07:13say start big just go go crazy but i do see the value and um kind of getting your your
07:18teeth teeth
07:19wet your your hands wet whatever that phrase is and uh and getting into it that way yeah well so
07:26so our growth pattern has has happened because we we realized firsthand what you just talked about
07:34and like wait a minute so 32 times a thousand is a whole lot more than 10 times a thousand
07:41and 196 you know 200 times a thousand is a lot and so it can it kind of insulates you
07:50from
07:50you know some ups and downs for sure um and things can change quickly when there's that much
07:59scale and so we've we've gotten hooked on it and you know our focus is that we really don't want
08:05to
08:05buy anything less than 200 units if we can help it okay and i kind of always wanted to be
08:11that
08:12but it i guess it took me a while to get to it so yeah well yeah i mean everybody
08:16is in their own path
08:18and before the show you were mentioning that something that kind of differentiates you from
08:22other multifamily syndicators out there is that you guys are very you you guys are operators you're out
08:27there you're you're in the trenches um and you really look at this from the perspective of the
08:33lp and you're you're you underwrite conservatively and so i want you to go down that path a little bit
08:38um what do you look for in the deals that you underwrite and how how does your like how does
08:44your underwriting different differ from people who are really just in it for the uh for this um
08:48acquisition fee yeah great question and um i can tell you from my perspective what i think and that
08:56you know so i i my personal pursuit of this was in pursuit of that financial freedom that you hear
09:04everybody talk about you know i wanted to be able to be with my kids and do things and control
09:09my own
09:09time and i didn't want to have to go to work for someone else and clock in and clock out
09:14that kind of
09:15thing and so it's still that way for me and i so i still think like an investor and i
09:22what i am careful
09:23not to do is create this big employee machine that costs a lot of money to operate so that i
09:32don't
09:32i don't want to feel pressured into closing deals just to collect fees just so i can feed the machine
09:38you know i'm here to invest for long-term wealth growth multi-generational passive income that kind
09:46of thing so that's why we see it from that perspective um yeah our underwriting is different
09:54or not from other people's i don't know because i don't know what other people's are however i will
09:59tell you that i see deals close that i would never in a million years be able to make the
10:09math work on
10:09so so i don't know in that situation too where i like make a bit of like i how did
10:15you guys buy it
10:15at that price it doesn't make any sense yeah so i i don't know maybe they do have a different
10:21you
10:21know i do know that there are syndicators that need to close three or four deals a year just to
10:26have enough fees to feed the machine um and and honestly i would rather close less deals and just
10:33close one a year or whatever and there's been many years we've closed nothing so
10:39um you you just i don't know if it's discipline or if it's just making sure you stick to your
10:46criteria really whatever your mission is just stick to the mission um and do you guys there's
10:53kind of two camps where people will focus on an asset class and then they'll buy nationally or they'll
10:58just focus on a location and buy all the asset classes you guys are on the asset class path but
11:03do you um do you invest only in your backyard you guys invest nationally
11:08um really our target market is north carolina and and and so multi-family in north carolina and
11:18we we uh so it's not our backyard but it's not the nation either like we're not looking at deals
11:24in texas and arkansas things like that and the reason being quite frankly there are more than enough
11:32deals right here in north carolina that make sense as good investments they're more than we could
11:36ever buy and i just don't see any reason to have to mobilize a new team and you know travel
11:43that far
11:43just to find something when i can find it here uh but you know maybe one day we'll exhaust our
11:51resources in north carolina and then we'll go to other states but right now it's north carolina and
11:56and really the our investor partners love north carolina for the same reasons we do
12:01so it's kind of a win-win yeah yeah it's i mean especially for multi-family there um there really
12:07are i've found myself in the in the like mental trap where i feel like a specific area that i
12:15like
12:15to buy in is exhausted and there's no possible way i can get any more deals but that's just not
12:20the case ever i've found i mean there there are deals out there and you just got to keep keep
12:25working it keep talking to brokers keep reaching out to sellers and eventually find something that fits
12:30your criteria um you've mentioned team a few time on a few times so far and so i want to
12:36i mean you've
12:37already mentioned that you guys like to run lean um so let's talk about how you built your team and
12:42what are like the important uh positions that you've that you feel kind of make the team work outside of
12:48the third-party property manager obviously that's really important but um within your your inner circle
12:53the small team that you have for the the syndication um what do you guys uh how'd you build it
12:57lean
12:59yeah i mean the the the thing so i have a i have a uh a partner a young fella
13:04michael crocifolia that
13:06works for me and you know i'm so i'm 54 he's 30 that's the the age difference and and so
13:14that's a
13:14pretty wide age difference well the gap between his level of intelligence and mine is pretty wide too
13:19he's he's like mega smart so he's very analytical um and he can he can look at a spreadsheet or
13:29a deal
13:29and just like pick things out that i wouldn't see i'm i tend to be more like 30 000 feet
13:36maybe even
13:3660 000 feet is where my brain spends a lot of time and so we're a good complement in that
13:42regard
13:42um but we also spend a lot of time with our uh you call it a cfo if you will
13:48but it's really a it's a
13:51accounting small accounting firm that we have a dedicated cpa that is an integral part of what we
13:58do like we we talk to him often yeah and that kind of gets you on the how often do
14:04you guys actually
14:05meet with your um you know your cfo cpa whatever it is yeah so just like you and i are
14:11meeting on camera
14:12right now we have weekly meetings with all of our property managers on mondays oh we have weekly
14:17meetings with uh our cpa and we have weekly meetings with our marketing team all three of those are
14:24third party uh groups but we meet and you know they're not like some are long meetings and some
14:32are not but like the ideal thing with the property manager is once we get a property that's running
14:37smoothly those meetings are very short because there's really not much to talk about
14:41yeah uh when when we bring something on or there's a problem then we tend to have longer meetings
14:48so you know that that's that's it but we i don't know we like to stay in touch with people
14:53and i like
14:54to see their face so the camera is effective tool yeah for sure um so weekly meeting cpa pm and
15:02then
15:02marketing by marketing do you mean acquisitions or do you do you mean like your your personal
15:06social media etc etc kind of marketing team yeah kind of all the above so we have a we have
15:13a marketing
15:14firm and they're so they help us with uh our social media videos our linkedin posts and videos
15:22engagement on all that like youtube linkedin and then also uh they do website we have a and like an
15:30investment manager management uh portal software called cashflow portal is what we use but there's
15:37several of them and so that keeps that's a way that we can email to and from our existing investor
15:44base and our database and things like that so the marketing does all of those things got it got it
15:53makes sense and how often are you connecting um so that was all on the operations side how often are
15:57you connecting with uh with your lps with your investors so on the on the active deals so investors
16:05who are actively invested in a deal we we have quarterly um zoom call updates so we've got one
16:12in other words uh a week from today for and that'll be like the fourth quarter 2025 wrap up and
16:20then the
16:20outlook for 2026 and then we do it again at the end of the first quarters and throughout the year
16:27you know one of my i've been investors in other things that myself as an lp and received virtually
16:34zero communication and i didn't like that and i've also i've got friends who are investors in
16:40in our deals who have said look i realize that i may make a lot of money or i may
16:47not make any money
16:48but i my main thing is i want you to stay in touch with me i don't want to feel
16:52like you just are
16:54you know like i'm out in the cold so we make we take that seriously yeah and i've heard that
17:00same
17:00sentiment from a lot of people um and i feel like literally it's just the communication that matters
17:05sometimes deals go exactly like you want sometimes you know hard things happen and you have to adjust
17:10you have to pivot but it doesn't matter what's happening if it's you know you're if you're riding
17:15smooth or if you're going through a rough patch you need to be communicating everything to your lps
17:19because that's what they deserve and also it it will be easier on you as the gp if you just
17:25communicate if you just tell them yeah 100 all right man well hey i just took a peek at the
17:31clock
17:32it looks like we have run it down before we move on i always like to ask what does your
17:36horizon look
17:36like what's the next two to three years what are you guys trying to achieve we're trying to get to
17:40a thousand units so we're trying to close uh another deal in 2026 uh ideally 200 units or more
17:49but a thousand units is our intermediate goal nice i love it all right with that let's start the quick
17:56question round are you ready okay let's do it all right it starts with education it could be any form
18:02it could be a book you've read a movie you've seen a mentorship pet program you've been a part of
18:06anything i just need two recommendations one for general life wisdom and then one for real estate
18:11oh boy um so i have used uh several different mentor groups uh like michael blanc like the commercial
18:22academy things like that um and so that's for sure on the business side on the personal development
18:31side i'm i'm i'm big into the exercise and yoga and things like that to keep like mind and body
18:39kind of in the right shape nice are you uh are you a morning exercise guy or an afternoon
18:45definitely morning definitely morning i still do it in the afternoon but it's not as easy
18:51yeah uh once the day gets going sometimes i'll tell like the day will happen and like i'll tell
18:56myself i'll work out at the three o'clock and that's when i'm gonna do it if three o'clock
18:59hits no
19:00way there's no way i'm gonna work out it's not happening i agree i agree all right next question
19:06is for your younger self let's go back to the ashley who was swinging that hammer way back in
19:10the day i think you said 40 years ago go back to him look him in the eye give him
19:14one piece of advice
19:15moving forward uh maybe appreciate more where you are at the time you know i i look back probably like
19:24most people when you're a kid especially a teenager you don't really you know you kind of resist what
19:30you're made to do you know i didn't i probably didn't appreciate the education and the the gift
19:37that i was being given by this opportunity until i was later in life so you know that's probably a
19:43normal kid thing so i don't regret it much but i would say to try to embrace that and and
19:49grow
19:49more quickly than i than i did maybe compress the time a little bit yeah uh that i don't think
19:56that
19:56has ever been said on the show your episode like 650 something no but stop and smell the roses is
20:02essentially that and uh appreciate where you're at and so i like that it's a good advice all right
20:07next question is about the u.s it is a big place there is a lot of opportunity out there
20:12give me the
20:13single metro you're most excited about investing in today and if you say north carolina give me the
20:17single metro within north carolina that you uh you'd like to invest in yeah so yes in north carolina
20:23and the metro would be like the triad area which is like greensboro winston-salem high point and
20:28they're all real close so it's like kind of one metro area but that would be uh my favorite nice
20:36all
20:36right all right next question is about finding deals it all starts with getting in contact with
20:41the seller and pen in that purchase agreement so what is your favorite way to generate leads and find
20:46new deals everything to me is relationship and there are lots of different ways to create new
20:53relationships but for me the most effective has been just good old like old-fashioned ways like
21:02writing handwritten notes and calls like this or lunches and coffees and you know once once you get
21:08to know somebody then they're out there working for you so we've bought deals with brokers we've bought
21:13deals with uh direct to seller you know mailings and you know all the above but it's all about
21:22eventually i never closed a deal that i didn't have a relationship with somebody of some sort
21:27um in other words i what with all the marketing we talked about i have yet to have anybody watch
21:34one of
21:35our youtube videos call us and say i'd like to invest any amount of money uh because i saw your
21:42video yeah that's just one more way of uh developing a relationship and then that relationship progresses
21:48offline and we do business after some other things yep absolutely um and yeah it's funny you mentioned
21:56like the video calls so i i'm huge on off-market stuff i love reaching out direct to seller um
22:02and i used
22:02to only do phone calls but recently i've been you know i'll call them and i'll ask them if they
22:07have
22:07iphone if they do i'll say hey can we do a facetime and when we facetime it i'm telling you
22:12these
22:12conversations are a hundred times smoother they can see your face they understand you know you're not
22:18like a robot in the back or whatever um and so you guys are if you're out there and you're
22:22calling
22:22sellers uh try to do facetimes it is i'm telling you you're gonna you're gonna see you're gonna sense
22:27the difference and how easy that conversation is gonna go well that's great advice especially today when we get
22:32all these like robo calls from just like the you know you don't know who who's real maybe they're
22:38a robot so yeah that's great good good advice yeah all right uh next question is about lessons learned
22:46not every deal we get into goes the way we expect it in fact pretty much every time something goes
22:51wrong
22:51and that's when we get to learn a lesson so what was the deal that went a little bit sideways
22:55for you
22:55and then what was the lesson you pulled from it uh
23:01eesh i don't know which specific deal but i'll give you the lesson and it's universal for me across
23:06all the deals you got to have enough cash to do what you need to do and if so you
23:13know another way
23:14of saying it if you're undercapitalized you're in trouble you can have a year-end p&l that says you
23:20made all kinds of money but if you don't have enough cash to pay your light bill you're out of
23:24business and uh and that's that's a tough one because you think man i can make this work with
23:30this and that and i'll just turn units as they come and i'll paint them as you know from operations
23:35but
23:36the next thing you know you're spending ten thousand dollars a unit and you know you spend a hundred
23:42grand before you can blink your eye and if you don't have it to spend you're in trouble like you
23:46can't you can't get where you need to go if you don't have cash so that's my main in fact
23:522026
23:53that's one of my words is is liquidity yeah i have ran into that issue more than once and i
24:01should it should have only been once but i now that is like one of the biggest things that i
24:06think about
24:06when i'm underwriting deals and like getting prepared to buy a deal is i want to make sure
24:11that we have enough cash literally sitting in the bank that we can deal with issues outside of like
24:17the you know the original capex that we're going to be using to do the renovation and buy it but
24:22like
24:22just cash cash reserves that you can use for problems that will come up because they will come
24:27up they will come up yes yeah that is a uh that is a great lesson all right on the
24:33other side of
24:34that sometimes you do a deal everything seems to go right and it stands out in your mind as your
24:39favorite what is that deal for you i think that 10 unit property that i bought in 2013 was one
24:47of my
24:47favorites because i i bought it and it was in really bad shape and i bought it at a very
24:52tough
24:53that you know 2013 was a tough time global financial crisis i mean that was a tough time in the
24:58in the
24:59world so i bought it fully renovated it that it's worth it may not be worth 10 times what i
25:06paid for it
25:07but it's made it's definitely worth eight or nine times what i paid for it and so it's allowed me
25:13to
25:13do cash out refinances it maybe three times i've taken that cash i've bought other properties that i
25:21have like full cycle bought and sold made a bunch of money on and still own some of them all
25:27from my
25:27one little personal atm machine which is this 10 unit property and so that's that infinite return i have
25:35no money in it i mean and it's almost like this is like the magic of real estate like that's
25:42what
25:42it's all about and so and that works by the way with bigger properties not just 10 unit properties
25:47works with smaller ones too but that's the power you're like holy moly this is amazing
25:53and that's probably my favorite for that reason yeah i feel for some reason we rarely talk about um
25:59essentially that's the burst strategy uh you know cash out refi once you once you uh flip a property
26:05and i it's just never comes up on the show but it is such a good strategy and it's something
26:09that i
26:09feel like i should do more often with properties that i've already kind of stabilized the equities
26:13there um but yeah that is a a really good play yeah all right uh next question is uh this
26:22is a new
26:22one um if you do use ai i am a huge proponent of it and i like to implement it
26:27in as many places
26:28as i can responsibly do so so a new question i've been asked asking guests is do you do you
26:34use ai in
26:36your business and if so how can you suggest people do it in their own yeah 100 yes i use
26:42ai and right
26:43now we're using chat gbt and also perplexity i know there's there's others but those happen to be
26:48the two we're using and my most oh gosh how do i use it a lot i'll give you a
26:56for example i just
26:57used uh just yesterday i took 10 separate spreadsheets that were 10 exports from 10 different bank
27:05accounts i put them all in there and said find all of the intra-company transfers related transactions
27:13and everything and literally before i could like close my eyes and after i hit enter it had this
27:20design this spreadsheet and found all of these you know that forensic accounting would have taken weeks
27:26to find and so that's one use and then we use a lot also in marketing you know marketing plans
27:32like
27:32our our target customer demographics um you know how to to reach them where to reach them what the
27:40message we should be telling them is things so a lot of that marketing also yeah but but there's
27:46many ways i mean we're we're developing tools like dashboards that we can keep up with metrics for all
27:52of our occupancies and just everything yeah but it's pretty amazing it's crazy all the things you can do
27:58with it the marketing is it's definitely the the most common commonly mentioned thing but i have not
28:03heard about uploading bank statements and having it i mean what you did or just any kind of analysis
28:09on your your credits and debits that's that's a really good idea and something that i just haven't
28:14heard yet but uh well and and the other thing too we don't use chat gbt for this but one
28:19like our
28:19investor portal cash flow portal they have uh an underwriting uh widget if you will so part of their
28:27part of their platform is underwriting and so you can literally take like an offering memorandum from a
28:34broker put it all in there and it just sorts it all out and at least you know makes the
28:40basics of
28:41your underwriting now you have to verify that everything's in the correct spot but it saves
28:46hours and hours and hours of time to do it that way yeah yeah underwriting is at least for the
28:53your
28:53initial assessment on a property is like it is so nice to be able to just throw an om in
29:00there and just
29:00give me an initial assessment um something else that i've actually been doing recently is instead
29:05you know i always used to send pdf uh lois and now i'm just um i made this template this
29:12prompt and
29:13i'll just send mini sites and so in lovable i'll uh this prompt and it'll create the p uh the
29:18the loi
29:20but it's literally a website um and there it's interactable and there's all these things you can do it
29:25they can it connects to all my you know for credibility like all the my the company the
29:29podcast everything about me etc etc and so um that's just another use case that we do that's
29:35very cool i haven't heard that that's a great idea yeah yeah there's a there's a lot of opportunity
29:40out there but the bank statements i like that one um and that does lead us to the very last
29:45question
29:45this is for the listeners you've given us a lot to think about i'm sure people want to reach out
29:49get
29:49in contact with you this is a two-parter where can they find you and then what can they expect
29:53when they reach
29:54out yeah so uh i guess the easiest way would be to go to our website which is abg multifamily
30:01and from
30:02there you can get to you know our cell phones and emails are there uh links to youtube linkedin we're
30:09we're pretty strong on youtube as well abg multifamily and also on linkedin um so we stay pretty active on
30:17there and what can you expect with us you know like i said we're we're small lean and mean
30:23and so you can expect either an email phone call or a text from either me or michael
30:30perfect i'll put that link in the show notes so if y'all want to reach out all you got
30:33to do is click
30:34the little more in the description it'll pull down that full description and in there you can find
30:39ashley's links thank you all right man yeah that wraps it up thank you very much for hopping on the
30:44show okay gabe thanks for having me absolutely for everybody who's with us today thank you guys
30:49for showing up you are the reason we do this so if you guys have any questions reach out to
30:53me gabe
30:54at the real estate investing club.com if you guys want to support the show just leave us a comment
30:58a review anything like that other than that i hope you guys have a great week keep rocking
31:03real estate and i look forward to seeing you on the next episode
Comments