Ep #217: Simplified Properties -- with Sean Katona

Real Estate Investing for Cash Flow with Kevin Bupp

Kevin Bupp

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4.9 • 675 Ratings

🗓️ 19 February 2019

⏱️ 52 minutes

🔗️ Recording | iTunes | RSS

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Summary

This episode of the Real Estate Investing for Cashflow Podcast features real estate investment expert Sean Katona, owner of Simplified Properties. Sean is an expert investor, landlord and a national speaker. His business focuses on the retail sector, revitalizing shopping centers and apartments for maximum returns.

Kevin and Sean dive into ways to stabilize property post acquisition and improve the community by increasing foot traffic in businesses. Sean also also talks about the change in retail and the importance of differentiating the uses and physical presence of retail businesses.

Quotes:

“Upon closing we are immediately able to execute a couple of leases and so you just hit the ground running with momentum and that makes your bankers and investor partners feel good.”

“Right out of the gate, we improve the landscaping. We reseal and restripe the parking lot. We upgrade some lighting into LEDs. We remove some old signage. When you see that happening in a community, with a building that’s maybe been tired or forgotten, people take notice. The tenants see that.. And so it helps be able to tell the story of new managers or new owners here who want to improve the center.”

“Once we have some of those things to showcase, we start having conversations with the tenant.”

“Leaving the house is a true adventure and there has to be some serious value in that at the end of this. We get a lot of food delivered but we still go out to eat a lot.”

“What I’m trying to do is support the heck out of my brokers and I do a lot of marketing.”

Highlights:

[5:33] Sean’s background in Corporate America and his start on Real Estate
[8:41] Why Sean choose to focus on the retail asset class
[11:00] Sean’s first “slam dunk” deal
[18:50] What are triple net leases?
[23:00] Kevin and Sean discuss changes in the retail business landscape
[27:26] Benefits of bringing in brokers
[33:20] How to choose the proper broker?
[39:05] Sean’s plans for the future

Job Opportunities with my Team: Click Here

Recommended Resources:

Check out our company and our partnership opportunities by visiting SunriseCapitalInvestors.com
Would you like to partner with us on future MHP deals, call 844-CASH-FLW to learn more or click here to schedule a time on our calendar.
Grab a free copy of our book “The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park…and how to avoid them click here
Visit Simplified Property's Website

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Transcript

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0:00.0	You've been searching for the best way to generate passive income in your life and heard that real estate is a great way to do it.
0:09.2	But you're tired of all the so-called gurus who are all talk and no substance.
0:15.3	Get ready to celebrate because Kevin Buck has spent 14 years successfully making it happen.
0:21.8	This is the Real Estate Investing for Cash Flow podcast.
0:25.3	Now, here's Kevin Bup.
0:31.7	Hey guys, Kevin Bup here.
0:33.1	I want to welcome you to another episode of the Real Estate Investing for Cash Flow podcast,
0:37.4	where mission is to help you build and episode of the Real Estate Investing for Cashflow podcast,
0:43.6	where mission is to help you build and maintain massive amounts of cash flow through income-producing real estate investments.
0:47.4	Our guest for this week's show is a real estate investment expert, Sean Katona.
0:55.2	Sean is a real estate investor, landlord, and national speaker, and owns income property across four states in a spearheaded 70 plus deals ranging from value add renovations to new construction. Sean's focus is revitalizing retail shopping
1:01.2	centers and apartment buildings to maximize returns for friends and family. Now, prior to making
1:06.6	the transition to full-time real estate investing, Sean spent seven plus years selling advertising
1:11.9	solutions to Fortune 500 companies. He holds a bachelor's degree in business administration
1:16.3	with sales, marketing, and information systems, concentrations from the Foster School of
1:20.5	Business at the University of Washington. Outside of real estate investing, he loves international
1:25.4	travel, scuba diving, golf, and snowboarding. And so,
1:28.6	guys, in today's show, we're going to be focusing on Sean's interest in the retail sector
1:34.9	and why he's so drawn to this asset class. And now, I've been following Sean on Facebook now
1:40.3	for the last couple of months and I've been quite impressed at the sheer activities that
1:45.2	he's had in the value ad retail segment. And I know a lot of folks out there will argue that,
1:51.5	you know, with the age of Google and services like Uber Eats, there's less and less need to go
	...

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