Hey, everybody, welcome back to another episode of the Richer Geek Podcast. On today’s episode, we have Jim Sheils, a real estate expert with extensive knowledge in the Build-to-Rent niche. He’s a partner at Southern Impression Homes, a company that specializes in building rental portfolios in Florida’s high-growth markets for individual investors and institutional buyers, in addition, Jim is the co-owner/co-founder of 18 Summers, providing family education services to entrepreneurs and professionals seeking to strengthen their family relationships while succeeding in business.

 

In this episode, we’re discussing…

 

·       [1:13] Jim and Jamie Sheils background and partners at Sothern Impression Homes

A company specializing in building rental portfolios for investors.

 

·       [2:08] Overview of Southern Impression Homes

Jim provides an overview of Southern Impression Homes, focusing on building rental portfolios for individual investors and institutional buyers, particularly in Florida.

 

·       [2:37] Build-to-Rent Strategy and Property Types

Jim explains the build-to-rent strategy, focusing on durable construction and avoiding the "three-year curse" common with older properties.

Discusses building single-family homes, duplexes, and quads to provide options and better cash flow.

 

·       [4:38] Market Focus and Property Sizes

Highlights the importance of market focus and discusses property sizes ranging from 1,200 to 5,000 square feet, aiming for affordability below the median

 

·       [8:16] Target Investors and Tenant Demographics

Talks about attracting middle-management, high-paying professionals, police officers, teachers, and families with two incomes.

Emphasizes affordability for both buyers and renters.

 

·       [9:27] Process for Investors and Construction Financing

Jim explains the process for investors, highlighting that they do not need a construction loan.

Offers an in-house financing program at 4.75%, providing options for investors.

 

·       [17:26] Long-Term Investor Perspective

Discusses the investor perspective, indicating that many investors prefer to stay for the long term due to increasing cash flow and property stability.

 

·       [18:09] Introduction to 18 Summers Program

Shifts to discussing Jim's 18 Summers program, focusing on helping business leaders strengthen family connections through innovative frameworks.

 

·       [18:43] Importance of Family Board Meetings

Describes the Family Board Meeting strategy to strengthen family connections through one-on-one time, intermittent tech fasting, and meaningful communication.

 

·       [22:05] Conclusion and Where to Find Jim Shields

Wraps up the podcast, providing information on where to find more about Jim Shields and his programs

 

 

Resources from Jim

JJPlaybook.com | Instragram Southern Impression Homes | Jim Sheils Instagram | LinkedIn |Facebook SI HomesFL | YouTube Southern Impression Homes | 18 Summers: Podcast for Parents

 

Other Resources

Application underwriting for tenants: RentZap

 

 

 

Resources from Mike and Nichole

Gateway Private Equity Group | Nic’s guide