25 days ago

Join an active community of RE investors here: https://linktr.ee/gabepetersen

TIMESTAMPS
0:00 Introduction to Industrial and Multifamily Real Estate
2:18 Getting Started in Real Estate Investing in 2016
5:25 Why Switch from Apartments to Industrial Properties
9:14 How to Find and Lease Industrial Warehouse Space
11:01 Value Add Strategies for Industrial Real Estate
13:42 Property Management Lessons from 2000+ Apartment Units
15:07 Point of Sale Inspections: Cities to Avoid
18:26 Real Estate Coaching and Mentorship Philosophy
21:24 Partnering Early: Biggest Regret and Best Advice
24:38 Short Term Debt Mistakes and Market Timing

INDUSTRIAL REAL ESTATE INVESTING 🏭

Discover why industrial warehouse properties are becoming the secret weapon for smart real estate investors tired of dealing with hundreds of apartment tenants! In this episode, I sit down with Jens Nielsen from Open Doors Capital who controls over 2000 apartment units and 100,000 square feet of industrial space. We dive deep into why industrial properties offer 8-9% cap rates compared to 4-5% on apartments, and how managing one tenant instead of 200 can dramatically simplify your investing life.

MULTIFAMILY TO INDUSTRIAL TRANSITION 📊

Jens shares his journey from starting with small fourplexes in Albuquerque to syndicating 200+ unit apartment complexes, and eventually discovering the power of industrial real estate. Learn why the headaches of apartment management, rising insurance costs, and constant tenant turnover pushed him toward warehouse investing. He breaks down his recent 30,000 square foot industrial deal that went from vacant to fully leased in just three to four months with a national telecommunications tenant on a four year lease.

FINDING AND ANALYZING DEALS 🔍

Get insider knowledge on how to identify undervalued industrial properties in markets with 3-4% vacancy rates. Jens reveals his buying criteria for BC class warehouse space with 15-20 foot ceilings, why he targets 8-9% cap rates, and the critical importance of avoiding point of sale inspection cities that can hold your escrow money hostage. Learn about the shocking upfront broker commissions on industrial leases that can cost $100,000-$200,000 before you see a single rent check, and how to structure your deals accordingly.

VALUE ADD INDUSTRIAL STRATEGIES 💰

Discover the simple but effective value add strategies that work for industrial properties without requiring fancy granite countertops or luxury amenities. From roof repairs and parking lot improvements to adding separate suites with bathrooms, Jens shares what actually moves the needle on warehouse values. He also discusses his experience with flex space properties similar to self storage and why tenants care more about working toilets and secure power than aesthetic upgrades.

PROPERTY MANAGEMENT REALITY CHECK ⚠

Learn the hard truth about property management from someone managing 2000+ apartment units across multiple markets. Jens opens up about how landlord-friendly versus tenant-friendly cities can make or break your investment, why the on-site manager makes more difference than the property itself, and his biggest mistakes with short term debt and rent comparables. Discover which Northeast cities to avoid due to nightmare inspection requirements and how to know when it's time to fire a property manager.

Want to learn more about our guest? Connect here: https://www.facebook.com/jens.nielsen.5243 https://www.instagram.com/opendoorscapital/ https://www.linkedin.com/in/jens-nielsen-multi-family-real-estate-coach/

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

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