Fireman turned to Operator with Seth Teagle Episode131 The Apartments Operators Podcast

Seth Teagle Joins Joseph Gozlan on the Apartments Operators Podcast sharing his journey from an EMT and Firefighter to operating multifamily on a large scale!
Seth shares his mixed approach to management of self managing some properties while delegating other properties to third party management companies. Seth and his partners are still very bullish in 2023 on their local market, Cleveland, Ohio and plan on doing some new construction to fill the needs of the local market.

00:00
00:40 Start of the Journey
01:33 Pay check is just not enough
05:01 They're doing a lot of surgical work with a spoon
05:59 the biggest challenges in the industry when it comes to third party property management
07:32 There's big disconnect between third party management companies and people that are buying value
08:48 The only thing that goes in favor of the bigger companies
09:10 we're operators, we're owners, we're investors.
13:47 field team and office team
16:17 It starts to get convoluted.
16:43 it's a whole nother thing to actually be successful at it
20:32 we try to swim in the same direction as the municipalities because of it.
21:10 even if it's not broke right now, We fix it
23:47 invest the CapEx upfront
28:44 what advice do you give your younger self?
30:32 scaling too quickly can kill you
31:22 2023 Outlook

Seth Teagle's website: www.thestreamgroups.com.
Episode 131 Show Notes: https://utilityranger.com/https://aptopr.com/episode-131-fireman-turned-to-operator-with-seth-teagle-apartments-operators-podcast/
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This is an episode of The Apartments Operators Podcast where you can learn from experienced operators what it really means to be apartments operators.
No fluff, no sugar coating, just the raw unfiltered truth of the ups and downs of operating multifamily communities.
Our host, Joseph Gozlan, is an experienced owner/operator and a multifamily broker living in Texas. We gathered a phenomenal group of operators for you that share not only the upside of a multifamily operator but also the downside, the challenges, and the surprises this business keeps coming up with.
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The Apartments Operators Podcast website: https://www.AptOpr.com
All The Apartments Operators Podcast Episodes on YouTube: https://www.youtube.com/watch?v=YIZzxCrT_fY&list=PL5SEY4gVQHKJXfy70oeq7f5AGm_m5VOf1
Eureka Business Group: https://www.ebgtx.com
EBG Creative:https://www.EBGCreative.com
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Tags: #realestate, #realestatebroker, #realestateagent, #realestateadvice, #independentbroker, #realestatepodcast, #realestatebrokerpodcast, #multifamily, #emtstory, #firefighterlife
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