The Fastest Way to Build a Rental Property Empire

“We have our in-house construction company, our in house
property management company, snow removal, grass cutting, you
name it, it’s all under one roof, essentially giving that
potential joint venture partner or client the ‘Costo
effect.’” — Adrian Pannozzo


When Adrian Pannozzo had spent 15 years working on the police
force, he decided to start investing in real estate. At first,
this venture was intended to be his retirement plan, but it has
turned into so much more than that! He bought his first property
11 years ago (a fully renovated triplex in Hamilton), and now his
company, Executive Properties Capital, owns 70 homes and 350
units! The vision that Adrian for Executive Properties Capital
was to create the real estate version of “The Costco Effect” and
in today’s episode you’ll hear how he has brought that goal to
life. We also discuss what Adrian’s journey in the real estate
investment space has looked like to date, including the
challenges that he has faced, and the exciting future that lies
ahead. Adrian and his team have BRRRR down to a science, and
anyone interested in the real estate industry will learn a huge
amount from this conversation!


Key points from this episode:


Adrian explains what drew him into the real estate investing
space

The number of homes and units that Adrian now owns through
his company, Executive Properties Capital

Two factors that were responsible for the drastic scaling-up
of Executive Properties Capital in the past 5 years

The first property Adrian bought, how much he bought it for,
and how much it is now worth

Why Adrian thinks there’s no better time than now to sell if
that’s what you’re interested in doing

How Executive Properties Capital provides value to its
tenants

Adrian explains the vision that forms the foundation of
Executive Properties Capital

The low level of tenant delinquency that Executive Properties
Capital experienced during the height of the pandemic, and their
approach to dealing with those tenants

A rundown of the steps that make up the BRRRR process, and
what the goal of the process is

How Adrian eliminated the problem of bad contractors

Adrian shares his thoughts on what he thinks is going to
happen to the real estate market in the near future

Some of the challenges that Executive Properties Capital has
faced during the pandemic

An exciting deal that Executive Properties Capital is going
to be closing imminently

The main place where Adrian and his time find good quality
leads

Executive Properties Capital’s target market

How the role of leasing agents has changed over time

The length of time it usually takes for Executive Properties
Capital’s units to be bought



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