REI189: The Power of Compounding w/ Aleksey Chernobelskiy

The Intrinsic Value Podcast - The Investor’s Podcast Network

The Investor's Podcast Network

Education, Investing, Business

4.6 • 592 Ratings

🗓️ 26 June 2023

⏱️ 65 minutes

🔗️ Recording | iTunes | RSS

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Summary

Patrick Donley chats with Aleksey Chernobelskiy about his transition from the corporate real estate world to going out on his own as an investor and advisor. Aleksey also talks about why a Sam Altman blog post on how to be successful deeply impacted him, what it was like immigrating to the U.S., the importance of 1% improvements in any area of life, how to network successfully, what it was like managing thousands of properties during the pandemic, and much more. IN THIS EPISODE, YOU’LL LEARN: 00:00 - Intro 03:02 - What his struggles were like for him after moving to the U.S. from Russia. 09:26 - Why he chose to get four degrees in undergrad. 10:28 - Why he chose to focus on his strengths rather than his weaknesses? 16:40 - What it was like managing 2500 properties during the pandemic. 18:45 - How he thinks of higher education and why many careers don’t require college today. 18:45 - Why he stresses the importance of relationship-building and networking. 20:56 - Ideas on how to network successfully. 24:46 - Why it’s important to understand the power of compounding. 31:35 - How a Sam Altman blog post made a huge impact on him. 33:31 - Why his two years in Israel was profoundly life-changing. 33:31 - What it was like working at publicly traded REIT, Store Capital. 36:48 - Understanding what a sale leaseback is. 48:58 - What his best advice is for someone moving into the world of entrepreneurship? 53:11 - How he is splitting his time now that he has left the corporate world. 53:11 - Why he thinks office space may be an asset class worth looking at further. And much, much more! *Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members. The Everything Guide to House Hacking by Robert Leonard. Sam Altman blog post. Deep Work by Cal Newport. Never Split the Difference by Chris Voss. NEW TO THE SHOW? Check out our Millennial Investing Starter Packs. Browse through all our episodes (complete with transcripts) here. Try Kyle’s favorite tool for picking stock winners and managing our portfolios: TIP Finance. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: Fiscal.AI Connect with Patrick (@jpatrickdonley): Twitter Connect with Aleksey Chernobelskiy: Twitter | LinkedIn Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Transcript

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0:00.0	You're listening to TIP.
0:02.2	Because oftentimes they get asked, like, I don't have a network.
0:05.5	Someone just texted me yesterday, a friend of mine, and he was, okay, like, fine.
0:08.8	I understand networking is important.
0:11.3	Like, what do I do?
0:12.5	And I think the first step, more than anything, which I was lacking, is you have to be
0:16.8	comfortable with reaching out to people.
0:18.9	And what I typically say is the best way to do that
0:22.9	is realizing that regardless of your age or experience, you always have something to add or to
0:29.2	help the other person with. More broadly, the point is you have to understand that networking
0:34.6	is not a taking activity. It should be fundamentally giving one.
0:38.2	And then you just track that and let it compound over time. And you look back in 10 years and,
0:44.7	I mean, incredible things will happen.
0:46.6	Hey, everybody, in this week's episode, I got to sit down with Alexei Chunaabeski to talk about his transition from the corporate real estate world to going out on his own as a real estate investor and advisor.
1:00.6	You also learn why a Sam Altman blog post on how to be successful, deeply impacted him, what it was like immigrating to the United States, the importance of one percent improvements in any area of life, how to network
1:12.3	successfully, and what it was like managing thousands of properties during the pandemic.
1:17.2	Alexi is a principal at Centrio Capital Partners, and prior to that, he ran Store Capital's
1:22.2	$10 billion commercial real estate portfolio consisting of 3,000 single tenant properties and ran the firm's
1:28.8	underwriting efforts. At Stor, he sat on the investment, ESG, and employee engagement committees.
1:34.7	He's also a graduate of the University of Arizona with a quadruple major in finance, mathematics,
1:41.3	economics, and accounting. He's passionate about education, mentoring others, and is a father to three girls.
1:47.4	I really enjoyed this episode, hearing Alexi's story, and I loved his take on networking,
	...

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