From Tech To Real Estate with Nick Stageberg
Play • 48 min

Our guest for today is the owner of Black Swan Real Estate. A family-owned and operated real estate investment company with over ten years of experience owning and managing a rapidly growing portfolio of homes in Oklahoma City, OK, and Rochester, MN. We believe that the success of our business is not measured in dollars or doors, but by its reputation and relationships.

Let’s dive right in and learn from Nick Stageberg on how to invest in real estate.

[00:01 – 11:36] Opening Segment 

  • We introduce our guest, Nick Stageberg
  • Nick talks about his background
  • Nick goes over his city Rochester, Minnesota

[11:37 – 18:45]  Tech Start-Up For 9 Years To Real Estate

  • Nick talks about venture capital to private equity
  • Being creative and blending tech and medical into real estate 

[18:46 – 27:16]  It's Not A Quantitative Game

  • Bad Investing Tip
  • The basic safety culture

[27:17 – 40:24] What Would A Perfect Situation Look Like?

  • #1 KPI is happiness
  • Using an energy index
  • Tracking residential satisfaction

[40:25 – 47:20] Closing Segment 

  • Final thoughts
  • Nick's book recommendations:

The Alchemist

“We want dynasty assets is what we call them, assets that we hope to die with.” – Nikolai Ray

“I can promise you that every other KPI on any dashboard, on any metric is subordinate to the happiness of your staff.” – Nick Stageberg

“So something we were kind of working on in the side for many years. And then eventually, you know, it just got to a point where that was clearly what we should be doing full time with our time and we got to financial freedom” – Nick Stageberg

"You have to have people with complementary and if she wasn't there kind of keeping an eye out for risks, I probably would buy every deal, lease every tenant, like I would have run us off the cliff ten times over by now" – Nick Stageberg

Connect with Nick Stageberg! See the links below:

Go to his Facebook page to connect with Nick Stageberg. Visit his Website.

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