RE #165: Rohun Jauhar Co-Founder JT Capital - Value Add MF, Virtual Assistants & Automation, Working @ FB

Rohun is the co-founder of JT Capital, a Real Estate investment firm with 9-figures of acquisitions of multifamily apartment complexes.  JT Capital has purchased over $500 Million in successful Multifamily properties using their time-tested approach of using data, relationships, and work ethic to find great investments for investors.

On this episode, Chris and Rohun discuss Rohun's career prior to real estate at various tech companies such as Facebook, his entry into the real estate world, and how he has been able to grow JT Capital without increasing overhead. Rohun details how he utilizes VA's to automate or delegate nearly all aspects of the business, why he invests in primarily Texas & Florida, getting emails from Mark Zuckerberg at 4 am and much more! Enjoy. 

Follow Chris on Twitter: www.Twitter.com/FortWorthChris

Learn more about Chris Powers and Fort Capital: www.FortCapitalLP.com

Follow Chris on LinkedIn: www.linkedin.com/in/chrispowersjr/

Follow Fort Capital on LinkedIn: www.linkedin.com/company/fort-capital/

Rohun on Twitter

Watch this episode on YouTube: https://youtu.be/y2NKq_w2gDU

(02:44) - Rohun’s Background and Career

(06:40) - What does a chief of staff role look like?

(09:43) - What makes a great executive and what makes a poor executive?

(11:25) - Rohun’s Experience Working as an Apprentice When First Getting into RE

(15:22) - How is JT Capital structured and how did you land on the thesis for the organization?

(18:01) - How do you think about ‘Value-add’?

(19:16) - Where are places that ‘lazy’ landlords have bloated costs that can be easily identified?

(21:17) - Is there a minimum size you won’t go below and why is that?

(21:58) - What’s your process for unit renovations?

(25:42) - Do you renovate all your units or is there a certain percentage that you’ll leave for the next owner?

(27:00) - What is your asset manager looking to achieve on the lease-up and renovation stage as well as stabilization?

(29:43) - How quickly are you trying to turn over a unit?

(30:47) - What do discussions with tenants look like when you want to renovate while they’re already living there?

(34:12) - Why do you like Texas and Florida?

(36:44) - How have you been able to grow while keeping overhead so low?

(42:08) - How are you finding your VA’s?

Upwork

(44:31) - What’s the turnover rate for VA’s?

(46:31) - What’s the threshold that someone should be looking for a VA?

(47:24) - Is the Philippines a hub for English fluency and writing?

(48:49) - What’s an interesting connection you’ve made through Zapier?

(52:27) - How do you capitalize deals going in and what are you looking for on a sale?

(55:28) - Getting Emails from Mark Zuckerberg at 4 am

(59:27) - What makes Zuckerberg such a great leader?

(1:03:12) - Is part of FB’s advantage their massive amount of capital they can deploy at any moment?

(1:05:09) - (Not financial advice!) Is it still early enough to invest in Facebook?

Rohun's Newsletter

(1:05:54) - What do you think about the world right now?

(1:10:50) - Where are you seeing opportunity in REtech?

(1:14:03) - Is there anything you’ve read this year that stood out to you?

The Winner Within by Pat Riley

The Sovereign Individual by James Davidson

Poor Charlie’s Almanack

(1:16:25) - What’s one thing you believe in that most people around you don’t?

(1:18:09) - How can people get in touch with you?

Rohun on Twitter

The FORT is produced by Straight Up Podcasts