From School Teacher to Managing a Hotel in the Caribbean w/ Frank Patalano

Frank Patalano, a former school teacher turned successful international real estate investor, joins host Jonathan Twombly on the Apartment Investors Club Podcast to share his journey into the world of boutique hotel investing in Punta Cana, Dominican Republic. With over a decade of experience in multifamily investing and a passion for exploring new opportunities, Frank's entrepreneurial spirit led him to take on the challenge of managing a small hotel in a highly competitive market. His hands-on and creative approach to navigating the unique challenges of international investing have made him a valuable resource for those looking to expand their real estate portfolios beyond their borders. In this episode, you will be able to: Discover lucrative opportunities and tackle challenges in international real estate investments.

Uncover the secret to a comfortable retirement through real estate strategies, specifically for educators.

Delve into the ins and outs of managing a boutique hotel business in Punta Cana, Dominican Republic.

Grasp the essential role of virtual assistants in streamlining real estate operations.

Master the art of networking and relationship building for long-term success in the real estate industry. Today’s guest Frank, a former school teacher, has been investing in smaller multi-families for over a decade. Over the last few years, Frank has been investing in Syndications, building businesses and has even become an international real estate investor. Check out Frank’s VA business here:  https://realagenthelper.com/Check out the Cash Flow Kings Podcast https://podcasts.apple.com/us/podcast/the-cashflow-kings/id1448325214 Some key points: (00:58) Frank is an international real-estate investor: for one his first investments overseas, he went with hotels (03:44) Initially Frank was looking for multi-family properties, but found that hotels are also taking off in the Dominican region (05:30) Taking creative advantage of the local real-estate market (06:56) Differences between the US and Dominican Republic real-estate markets: getting financing can take forever (08:57) Operating without a bank account (09:35) Staffing a hotel operation from abroad> differences in the work culture (12:06) Some lessons after 6 months of boots on the ground at the Dominican Republic (14:12) CapEx is quite easy to underestimate (17:47) How to find Frank's hotel and join him for a special real-estate event (18:08) Going from a career in teaching to multifamily real-estate (21:21) Investing in syndications both as an active investor and passive investor (24:34) Frank's approach is team-specific, not so much location-specific (27:23) It's doubtful that the Fed will pivot and bring back the boom times (29:18) Frank also runs a VA business with a real-estate focus (32:54) Real-estate entrepreneurs can save a ton of time by outsourcing to VAs (34:33) Vetting and training VAs internationally (35:26) The secret to running multiple businesses at the same time (38:07) Frank considers networking and solid relationships to be the key to his career transformation (38:30) Ways to get info about Frank's VA business and reach out to Frank himself 🌎Reach out to Frank Patalano LinkedIN https://www.linkedin.com/in/frankpatalano IG https://www.instagram.com/ribuy/?hl=en Website (Frank’s VA business) https://realagenthelper.com/Cash Flow Kings Podcast https://podcasts.apple.com/us/podcast/the-cashflow-kings/id1448325214 🌎Reach out to Jonathan Twombly LinkedIn: https://www.linkedin.com/in/jonathandtwombly Loved this episode? Leave us a review and rating on Apple podcasts by clicking here. Make sure to also check some of our previous episodes: Going From Working In Hospitality To Multifamily Investing & Hotel Conversions With Charlie Rushton Hotel Conversions To Multi Family Housing With David Peters 🎤 Podcast production Everglade Media