The Fastest Way to Build a Rental Property Empire
Play • 30 min

“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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