WS1620: Operating a Real Estate Business with Compassion (Part 2) | Nick Stageberg

In this second of a two-part episode, we learn how Black Swan Real Estate principal, Nick Stageberg, has used his financial savvy with a genuine concern for the well-being of his clients and employees. Together with his wife, these compassionate investors have set a great example for others to follow. 

Plus, he shares his insights on the collapse of Silicon Valley Bank and how they were able to foresee it many years ago.

Key Points From This Episode: 

• What should active and passive investors learn from his experience in the industry?
• What are his thoughts on the collapse of Silicon Valley Bank?
• How does he find different types of accounts?
• What has happened to his business in the past few years?
• How did he grow his team internally?
• How does he find the right people to work for him?
• What are some of the most important metrics that he tracks?
• How does he give back to the community?

Tweetables:

“So a lot of real estate syndicators out there right now are in a challenging spot where they got a bunch of variable rate debt in the last few years, but we knew that rates were gonna go up and asset values were gonna go down.”

“If you had long-term fixed-rate debt, you might be able to weather that storm just fine. And if you had variable rate debt, you might be in a challenging spot.” 

“My present self thanks my past self, that we made the hard decision to get that kind of higher rate at the time fixed rate debt versus a lower rate, variable rate debt. And this is going to hit every industry

“So if you're not using real estate trust accounts, you should be, let me just say that you should be. And those accounts are really special accounts that are specially enshrined in the US banking system, they are exempt from FDIC limits.”

“You should absolutely be using a real estate trust account. That's the practice.”

“That's something we've been doing for quite a while long before the Silicon Valley Bank collapse, because we feared something like this could happen, we never would have predicted that exact thing.”

“So we'd been growing just organically with real estate a side hustle. And then real estate became our full-time main thing.”

“I had successfully built some tech startups before really focusing full time on the real e

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