WS1736 Growing From 12 Employees to 30 in Under a Year | Highlights Nick Stageberg

In this highlight episode with Nick, we delve into his extraordinary journey of escalating his managed assets from a modest 3 million to an astounding 300 million in a short span of three years. Nick unveils his distinctive, mission-oriented and values-led approach to structuring his private equity fund. Prioritizing the needs of his investors, he underscores the significance of generating value for both tenants and investors alike. Join us as Nick recounts his inspiring narrative of transforming a deserted 40,000-square-foot office building into a bustling school, showcasing the significant influence his innovative approach to property management has wielded.

The conversation takes a sobering turn as we discuss the collapse of Silicon Valley Bank, which suffered losses amounting to billions due to increasing interest rates on real estate assets. Nick offers priceless insights on asset protection during such unstable periods, emphasizing the criticality of securing fixed-rate debt. His resilient spirit and optimism serve as a beacon of hope, reminding us that even the harshest winter is followed by the promise of spring.

As we delve deeper into our discussion, we explore how Nick, alongside his wife, successfully expanded their property management company from a mere handful of employees to a robust team of 30 within a single year. His triumphant journey stands as a testament to the power of dedication, relentless hard work, and strategic decision-making, such as incorporating organizational functions in-house. We also touch upon Nick's approach to team building, his strategies for hiring and managing staff, and his unique philosophy that likens hiring to a game of drawing cards. This episode is brimming with practical advice, enlightening experiences, and motivational stories that are sure to benefit both seasoned and aspiring real estate investors.

Full Interviews:

https://lifebridgecapital.com/2023/03/28/ws1619-operating-a-real-estate-business-with-compassion-part-1-nick-stageberg/

https://lifebridgecapital.com/2023/03/29/ws1620-operating-a-real-estate-business-with-compassion-part-2-nick-stageberg/

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