JF3602: Scaling from Single-Family Rentals to High-End Event Venues and 40% Cash Returns ft. Karan Narang
The Best Ever CRE Show
Best Ever CRE
4.8 • 983 Ratings
🗓️ 15 July 2024
⏱️ 38 minutes
🧾️ Download transcript
Summary
Karan Narang, CEO of Adventure Awaits Stays, is focusing on larger event properties like wedding venues. He emphasizes unique guest experiences, tax benefits, and properties with large acreage. Karan discusses revenue growth, valuation challenges, and expansion in Texas Hill Country, stressing the importance of a local team.
Karan Narang | Real Estate Background
- Adventure Awaits Stays
- Based in: Southlake, TX
- Say hi to him at:
- Best Ever Book: Who Not How by Dan Sullivan
Sponsors:
Transcript
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| 0:00.0 | Quick disclaimer the views and opinions expressed in this podcast are provided for |
| 0:04.2 | informational purposes only and should not be construed as an offer to buy or |
| 0:08.3 | sell any securities or to make or consider any investment or course of action. |
| 0:13.6 | For more information go to best ever show.com. |
| 0:17.0 | Because in this business the time it takes to truly get it off and listed and running |
| 0:22.4 | is absolutely critical. We're talking 30 to 40,000 |
| 0:25.0 | months and if the project's delayed a month you just lost a lot of money. |
| 0:29.0 | Welcome to the Best Ever Show, the world's Longest Running Daily Commercial Real Estate Podcast. |
| 0:35.0 | Our hosts interview commercial real estate experts every day to get you the best advice ever |
| 0:40.0 | with none of the fluffy stuff. |
| 0:42.0 | Hello, best ever listeners. |
| 0:43.7 | Welcome to the best real estate investing advice ever |
| 0:46.9 | show. |
| 0:47.6 | I'm Ash Patel and I'm with today's guest, |
| 0:49.8 | Garen Narang. |
| 0:51.1 | Gurn is joining us from South Lake Texas, he is the founder and CEO of Adventure Awaits |
| 0:57.7 | stays. |
| 0:58.7 | They specialize in vacation rentals and are shifting their focus towards larger lifestyle properties that allow for events such as masterminds. |
| 1:08.0 | Gerns portfolio consists of 10 vacation rentals, two of which are specialized wedding venues |
| 1:14.2 | Garen thank you for joining us and how are you today? I'm doing great Ash. Thank you so much for having me here today. |
| 1:20.1 | Yes and please welcome Amanda Cruz our co-host for today. |
| 1:25.0 | Hey guys. |
... |
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