Why Prioritizing Mindset and Team is Important Before Scaling | Mike Sjogren & Emanuele Pani Pt. 1 E10

The Rich Somers Report

Rich Somers

Investing, Business

5.0 • 1K Ratings

🗓️ 5 January 2023

⏱️ 24 minutes

🔗️ Recording | iTunes | RSS

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Summary

On this week’s episode, Rich sits down for an interview with hosts Mike Sjogren and Emanuele Pani on their Short Term Rental Secrets podcast. They discuss what Rich has been up to lately, and why he decided to invest in his business and build out the Somers Capital Team. They also dive into his progression from luxury STRs to boutique hotels over the last 12 months. “Anything in business, relationships, or life, is a yes or no. The maybes are the ones that suck time out of your life.” Join ou...

Transcript

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0:00.0	I'm super excited for our guests today.
0:02.2	Somebody that I've gotten to know pretty well over the last 12 months
0:04.8	and talk about eight players and just people
0:07.4	I love to hang out with, just great conversation,
0:10.4	you know, super, super hungry.
0:12.3	He gets out there, he's an action taker and he's he's been crushing the game the last 12 months
0:17.4	So today we've got a
0:19.6	Mr. Rich summers on the show. he's a real estate investor and entrepreneur.
0:23.8	He holds an impressive portfolio of apartment buildings, boutique hotels, and
0:27.2	short-term rentals valued in excess of 50 mil, buying his first apartment by cashing out his 401k.
0:34.3	I totally relate to that.
0:35.8	Summer's new to be successful until he had to take risks.
0:39.1	Today, Rich is the CEO and founder of two real estate businesses,
0:43.0	Sommer's Capital and Fortune Cribbs.
0:45.9	Sommer's Capital is a vertically integrated boutique hotel
0:48.3	investment firm comprised of industry leading executives
0:51.3	with an in-house property management company fortune
0:53.9	cribs and direct booking platform their firm is able to perform at level
0:58.2	superior to competitors fortune cribs is a technology and data-driven real estate investment and management firm.
1:04.3	A national portfolio specialized in top tier turnkey short-term rentals.
1:08.7	Fortune Cribs operates in Arizona, California, Florida, Indiana, and Tennessee, and is actively expanding across the U.S.
1:17.1	And without further ado, my brother, welcome to the show.
	...

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