Eager to delve into the intricacies of real estate syndication and entrepreneurship? Join us in a riveting conversation with Jake Pence, founder of Kaski and a dynamic entrepreneur who launched his own real estate firm straight out of college. We journey through his professional path, absorbing lessons he gleaned from his uncle and internships that bolstered his confidence to establish Kaski. Jake openly shares the hurdles he encountered, the significance of an asymmetric risk-reward profile, and how these shaped his decision to strike out independently.
But wait, there's more! Jake imparts wisdom on the finer points of real estate investing, emphasizing the importance of assessing market fundamentals and cultivating robust broker relationships paramount for executing successful deals. We explore the human element of managing a business, a theme rooted in Jake's stint at a real estate private equity firm. Navigating from hiring and firing his first employee, property management to personnel dealings, Jake provides an unfiltered glimpse into the challenges of running a property management company. If you're contemplating hiring a property management firm, Jake's invaluable advice on crucial questions to ask is not to be missed.
Links Mentioned in the episode:
https://www.linkedin.com/in/jakepence/
https://investkaski.com/about/
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https://lifebridgecapital.com/
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