In this episode of Zen and the Art of Real Estate Investing, Jonathan interviews Zach Lemaster, founder and CEO of Rent to Retirement, the nation’s leading turnkey investment company. After graduating from optometry school, Zach joined the military and then transitioned into real estate, building a diverse portfolio that spans single-family homes, multifamily units, commercial properties, and new construction across various markets.
Jonathan and Zach discuss Zach’s path into real estate investing, sparked by his father-in-law’s advice and supported by skills he developed during his military service. Zach shares the challenges and lessons he learned from managing out-of-state properties, which shaped his strategy focused on upper B and A class new construction homes. They delve into the importance of being realistic about your investment goals, understanding the risks, and the advantages of syndication. The conversation also covers creating an ideal investor profile, the appeal of turnkey properties, and how Zach determines his next investment locations. They emphasize not holding on to properties too long and concentrating on one asset class as you learn.
You’ll hear Jonathan and Zach go more in-depth on:
- Turnkey and rent-ready properties aren’t the same thing. Turnkey tends to be a more passive stream of income.
- New construction offers more advantages, including better construction and lower maintenance costs, than already-built homes.
- Rent to Retirement primarily focuses on markets in the Southeast that exhibit positive population growth, landlord-friendly laws, and diverse economies.
- Due diligence and setting realistic expectations can save you headaches later in your investing career.
Zach Lemaster is helping others rent to retirement. His expertise can help you do the same.
If you want to learn more about Zen and the Art of Real Estate Investing Podcast, check out https://zenandtheartofrealestateinvesting.com/podcast/183/.