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The Fort - An Entrepreneurship Podcast

Latest episodes

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26 snips
Mar 29, 2022 • 1h 2min

RE #204: Steve Radom - Founder of Radom Capital - Best in Class Urban Infill Developer

Steve Radom, founder of Radom Capital, shares insights on selecting locations, raising capital, hiring architects, and building projects like Montrose Collective. The podcast delves into his background, career progression, negotiation strategies with the city, navigating uncertainties during the pandemic, and transforming industrial sites into vibrant mixed-use spaces.
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Mar 22, 2022 • 55min

RE #203: Jeff Gleiberman - Managing Director at MG Properties - 33,000 Units and counting...

Jeff Gleiberman, Managing Director at MG Properties Group, shares insights into their investment strategies, including value-add and core plus. He discusses the challenges of real estate reporting using spreadsheets and their focus on buying existing properties. Topics also include selling properties, managing multiple investors, tax benefits of 1031 exchange and cost-segregation, and the importance of visiting properties and teams.
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Mar 15, 2022 • 1h 38min

RE #202: Richard Fertig - Founder of Stomp Capital - A World-Class Lesson in STR's and Why It Might Be The Best Risk/Reward in Real Estate

Richard Fertig, Founder of Stomp Capital, is an innovative Real Estate Developer focused primarily on the Short Term Rental market, creating branded experiences to delight raving fans with his signature “modern hospitality”. Richard shares his proven strategies that continue to bring him financial success with his 59,000+ YouTube followers and 45,000+ Facebook Group members subscribed to Short Term Rental University. This episode is a Masterclass on how to win BIG in STRs and why it might be the best trade in Real Estate. Richard shares a lesson on vacancy risk & underpriced zoning, how he selects a location and builds pricing power and how he built his worldview on risk/reward at Blackstone. Plus a wild story about Bernie Madoff. Enjoy!  Follow Chris on Twitter: www.Twitter.com/FortWorthChris  Follow Chris on LinkedIn: www.linkedin.com/in/chrispowersjr/  Subscribe to The Fort on YouTube: https://www.youtube.com/channel/UCuJ32shRt8Od3MxMY-keTSQ Follow The Fort on Instagram: www.Instagram.com/TheFortPodcast Learn more about Chris Powers and Fort Capital: www.FortCapitalLP.com (02:41) - Richard’s career and his journey into STR’s (9:07) - Do you have a filter for what you’re going to look for when handed a pile of money and told to “go find value”? (12:29) - Firing Bernie Madoff (17:42) - What are some immediate red flags you key in on when raising capital? (19:18) - Why STR’s? (Short Term Rentals) AIRDNA (25:10) - Where are these lenders and capital providers? Host Financial SomeHotelGuy on Twitter (28:32) - Who fits into the customer category for the STR space? (32:03) - What predictions do you have for this space in a decade? (36:40) - Building Edgecamp Sporting Club in the Outer Banks (51:39) - What zoning matters and how do you get comfortable? (1:03:35) - What should the average STR owner be thinking about with ordinance? (1:05:35) - Mispriced Zoning in The Hamptons (1:09:15) - How are you managing your properties? (1:12:48) - Are you hiring 3rd party consultants when you’re cultivating the experience? (1:14:14) - How are people finding and booking your properties? How do you think about the risk from 3rd party booking agencies eating into your margins? (1:18:03) - What matters to you in a market when thinking about experiences? (1:22:54) - How are you structuring your deals? (1:24:33) - Are you building your own tech? (1:25:54) - How do you think about cash flow streams when your properties tend to be seasonal? (1:29:10) - Final Thoughts (1:31:57) - How can people find you? Twitter - @ImRichardFertig YouTube -STR University Facebook - STR University Stomp Capital The Fort is produced by Johnny Podcasts
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Mar 10, 2022 • 1h 5min

#201: Conrad Gibbins - Managing Director at Jefferies - Energy Investment Banking - Deep Dive Into Current Energy Markets

Conrad Gibbins is a Managing Director of Jefferies, LLC in the Energy Investment Banking Group. Conrad has 12 years of investment banking experience advising primarily upstream oil and gas companies on M&A and financing transactions. Conrad has advised on over $40 Bn in upstream oil and gas M&A transactions and $15 Bn in financings and he has worked on many significant transactions in the upstream oil and gas industry including more than 10 M&A transactions with values over $1 Bn.  On this episode, Chris and Conrad discuss the world's reliance on fossil fuels, today and into the future and the current M&A and deal market in fossil fuels. They look into ESG and alternative energy opportunities. Conrad discusses how Russia / Ukraine is impacting the current environment and how the narrative around fossil fuels has changed since he started in 2009. Enjoy!    Follow Chris on Twitter: www.Twitter.com/FortWorthChris  Follow Chris on LinkedIn: www.linkedin.com/in/chrispowersjr/  Subscribe to The Fort on YouTube: https://www.youtube.com/channel/UCuJ32shRt8Od3MxMY-keTSQ Follow The Fort on Instagram: www.Instagram.com/TheFortPodcast (02:17) - How has the Oil industry changed over the past 12 years? (8:18) - Why is capital fleeing the industry over the past several years? (14:50) - How undercapitalized is the industry right now? (19:27) - How much of the world is still in the process of getting onto fossil fuels and how much of the world is actually consuming 100 million barrels per day? (22:36) - M&A Activity in Oil and Gas Over the Past Year (26:52) - Is there positive momentum that capital is flowing back into the space? (31:21) - Thoughts on ESG (32:07) - Labor & Employment in Oilfield Services (33:54) - Is the money that’s redirected away from Oil and Gas and into renewables been worth it? (38:07) - Is there any bear case in the short term? (40:06) - Is there any technology you’re seeing that could disrupt oil usage? (42:18) - How is the Russia/Ukraine conflict impacting the world from an energy perspective? (45:04) - How much does the world depend on Russia for oil? (46:22) - Who’s the largest consumer of oil? (46:48) - Thoughts on Nuclear (50:39) - Are there any basins coming back online that have been hibernating? (57:20) - Crypto in the Energy World (59:33) - Conrad’s experience working with Aubrey McClendon (1:01:59) - Final Thoughts The Fort is produced by Johnny Podcasts
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Mar 8, 2022 • 59min

#200: Chris Powers - 200th Episode - Observations About the World Today

On this milestone episode, Chris shares the story of how the podcast started and why it's been so impactful. Chris dives into why podcasting is a pure form of communication and why he supports Joe Rogan. He expresses his thoughts on de-platforming and canceling culture and Chris breaks down 50 things he's observed from 17 years in business. 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/       Subscribe to The Fort on YouTube: https://www.youtube.com/channel/UCuJ32shRt8Od3MxMY-keTSQ Follow The Fort on Instagram: www.Instagram.com/TheFortPodcast Watch this episode on YouTube: https://youtu.be/QzI1b1SD3Uo (01:30) - Welcome to Episode #200! (03:43) - How Chris and Producer Johnny Met (08:46) - The Early Days of the Podcast & Benefits From Doing the Show (13:01) - What Matters in Podcasting (15:50) - Sponsorship Opportunities Email for inquiries at thefortpodcast@gmail.com (16:41) - 50 Thoughts on Business Traction by Gino Wickman (49:52) - Thoughts on Cancel Culture The Fort is produced by Johnny Podcasts
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Mar 1, 2022 • 1h 13min

RE #199: Nick Huber - Co-Founder of Bolt Storage - 0-34 self-storage properties in 4 years, Cancel Culture, Remote Labor, Sweaty Startups!

Nick Huber, Co-Founder of Bolt Storage, is back on The FORT Podcast to discuss what Nick's learned after going from 0-34 self-storage properties, thoughts around cancel culture, why it exists, and how we might overcome it. On this episode, they also chat about how remote work is changing the workforce, Self Storage market updates, and why blue-collar labor (sweaty startups) offer some of the biggest opportunities in America. 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/ Watch this episode on YouTube: https://youtu.be/ltkWLjbZLic Links: Nick on Twitter Nick’s first appearance on The Fort: Episode #73 on Spotify & Apple Podcasts Businesses that Nick loves! Topics: (03:03) - Nick’s Transformation Over the Past Few Years (11:10) - Tailwinds in Self-storage (15:12) - Storage Scenario: What’s your 30-day game plan after you buy a facility? (18:11) - Nick’s Weekly Check-Ins (19:06) - How do you source on-site vendors? (19:56) - Nick’s Tenant Base & Thoughts on RV & Outdoor Storage (22:28) - Have you had any major revelations during the last three years? (30:47) - Creating Competitors (41:05) - Is “community” the right way forward? (43:39) - Nick’s Experience Wiith Cancel Culture & the Twitter Mob (58:31) - The Ultimate Net Positive of Twitter (1:02:11) - Re-thinking Blue-collar Work The Fort is produced by Johnny Podcasts
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29 snips
Feb 22, 2022 • 1h 20min

RE #198: Eric Weatherholtz - Partner at Healy Weatherholtz Properties - 'Simple little things compound into big things and everybody wins.'

Eric Weatherholtz, co-founder of Healey Weatherholtz Properties, shares insights on real estate investments, creating vibrant spaces, and the power of incremental improvements. They discuss the importance of long-term capital, the process of acquiring the right spot, tenant selection, and setting up properties for transactions. They also touch on revitalizing retail, scalability of successful places, and share some shocking stories from their careers in real estate.
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29 snips
Feb 15, 2022 • 1h 18min

RE #197: John Marsh - Co-Founder of Marsh Collective - Finding Opportunity in the Broken & Undone

John Marsh is the Co-Founder of Marsh Collective and host of the Redemptification Podcast, serial entrepreneur, and consultant helping steward over $1b in redemptive real estate in 9 small towns around America. After spending the last 25 years giving guidance to over 60 startup businesses in various industries, John's current focus is helping others make generational differences in their communities and companies by helping patrons bridge the gap between redeeming vision and execution. On this episode, Chris and John discuss, how Marsh Collective rebuilt the entire city of Opelika, Alabama, buying old historic downtowns as an asset class and how to develop leadership and create flourishing businesses. John also discusses how he completely changed the trajectory of his life and marriage. 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/ Watch this episode on YouTube: https://youtu.be/xxZ7sbnK5iA Marsh Collective Redemptification Podcast (03:07) - Why do you see brokenness everywhere? (06:09) - What hanged in your life after contemplating suicide? (09:22) - Forgiveness is Suffering (12:01) - What kind of work do you do with the hard-charging entrepreneur in the perspective of their marriage? (15:58) - John’s Real Estate Career in Opelika, Alabama (28:15) - Building Businesses by Pivoting Into Commercial (36:02) - How do you know you’ve found the right leader? (42:29) -  What drives an extraordinary experience? (48:36) - What would make a fantastic multi-family project? (54:37) - Do these tenants pay more and stay longer when you follow this model? (57:04) - Are you bullish on the migration to small towns? (1:00:19) - Small, Historic Towns as an Asset Class (1:04:42) - What needs to be in place from the investors for you to work together successfully? (1:10:55) - What does a contract structure look like when renovating an entire town? (1:14:22) - Wrap Up and Final Thoughts The Fort is produced by Johnny Peterson
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Feb 8, 2022 • 1h 14min

RE #196: Marc Gilbert - Managing Partner of Twin Oaks - Seeking Deep Value that most overlook.

Marc Gilbert, Managing Partner of Twin Oaks Group, owns and manages a diverse portfolio of property across Northern New Jersey, including multifamily, commercial, and industrial properties. Marc directed financing at New City Management, covered REITs and financials at ING and Commercial Mortgage-Backed Securities at Fitch Ratings. Marc specializes in financing and structuring real estate syndicates. On this episode, Marc tells his story of joining the Israeli army and how those lessons shaped how he looks at life. They discuss why Marc buys properties with major environmental issues and the value he creates. Chris and Marc also chat about lessons learned from the 2008-2009 GFC and how Marc creates win/win situations.  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/ Twin Oaks Group Marc on Twitter Marc on LinkedIn (02:30) - Marc’s Travels to Israel and How it Shaped His View of the World (06:41) - Marc’s Journey Into RE (09:05) - Bringing a Depression Era Mindset to Real Estate (11:46) - Marc’s Career Prior to Starting Twin Oaks (20:44) - Do you think the bank system learned anything from the ’08 crisis? (25:07) - Operating in the Northeastern New Jersey Market (28:59) - Why do you take one these gas station deals that 99% of people pass on? (36:24) - What’s the process of cleaning these sites that requires a 5-10 year timeframe? (40:13) - Do you raise capital to clean these sites or use your own capital? (44:47) - Is there any government or tax incentive to de-contaminate these properties? (46:25) - What are you looking for in multi deals and how do you find deeper value in them? (50:19) - Thoughts on Rent Control (52:31) - As a long-term holder, should a building be 100% leased? (56:13) - Providing Housing For Ex-Felons (1:01:31) - How do you deal so well with your local government? (1:09:43) - Why could it be smart to overpay for a 1031 exchange? The Fort is produced by Johnny Peterson
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Feb 1, 2022 • 1h 22min

RE #195: Nathan Lenahan - A story of working at WeWork until original IPO, His new HVAC roll-up strategy with game-changing tech component

Entrepreneur Nathan Lenahan shares insights on his time at WeWork until IPO, leadership lessons from the Army, and his new HVAC roll-up strategy with tech. They discuss WeWork's future, the value of property locations, challenges at WeWork, optimizing coworking space locations, dealing with landlords, IPO experiences, and revolutionizing home management with 'Homework' HVAC company.

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