How to Hire the Right People for Your Business

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#278 - Moses Kagan & Rhett Bennett - Co-Founders of ReSeed Partners - Building the Y-Combinator for Real Estate Operators

The Fort

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CHAPTER

How to Hire the Right People for Your Business

I think that's actually better than if you're forced to sell the asset because then there's a pretty high probability that you're going to stay in place as the asset manager over time. I am very hopeful that many of these people will sort of like surpass my achievements to date in this business. Like it is a success for us. Obviously, we're going to preach our theory and we hope it sticks, but at the end of the day, it's their business.

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Moses Kagan is co-founder and partner at Adaptive Realty, a Los Angeles-based real estate development and property management company with $200MM in AUM and more than 1,000 apartments under management. He is also a co-founder of Re-convene, a real estate private equity un-conference, and ReSeed, which provides mentorship and capital to early-career operators.

Rhett leads ReSeed's strategic direction and daily operations. He most recently served as Co-Managing Partner at Minot Capital, LP, where he led real estate investing. Previously, Rhett was President and Director of Research at Stillwater, a long-short hedge fund, and Chief Investment Officer at Arlington Family Offices. Rhett received a Bachelor of Arts from Brown University with a double major in Business Economics and History.

On this episode, Chris, Moses and Rhett discuss:

➡️ How ReSeed works

➡️ What ReSeed is looking for in Partners

➡️ How ReSeed empowers Operators to build their own companies

➡️ What success looks like for Operators working with ReSeed

➡️ Thoughts on the state of the Real Estate Market

Chapters

(00:03:31) - Rhett’s career

(00:04:26) - Moses’ evolution in thinking over the past 5 year

(00:06:40) - Launching ReSeed Partners

(00:19:05) - Defining Subinstitutional

(00:20:58) - Cohort #1