Commercial Real Estate Pro Network

Today, my guest is Stephen Somers. Stephen is the founder of Marketplace Superheroes, an online education company that's helped over 10,000 people build side incomes through Amazon and more recently whatnot. He built a or excuse me a multi seven figure Amazon business from scratch after leaving a nine to five job.    https://home.marketplacesuperheroes.com/ https://www.instagram.com/stephenjsomers/  

J Darrin Gross I'd like to ask you, Stephen Somers, what is the BIGGEST RISK?   Stephen Somers Yeah, I would say for me at the moment the biggest risk is me actually. So in my business in Marketplace Superheroes, I typically fulfill certain key person functions right now. That that that that is kind of insurance related, right? But so like I do a lot of webinars and and things like that are live, that like all the time, and so whenever I'm doing these live webinars, I'm on there. It's me talking. At the end of the day, if I got run over by a bus or if I was not able to speak anymore, that would be a major risk because the company then would would in its current structure struggle, and so I began mitigating that risk over the last while. My sister runs the company with me. She's a CEO. She's been working with me for over a decade, so I've been training her up to be able to do the webinars. So she actually comes on with me now. She does. I do the majority, but she does a bit of it now. But quite soon, she'd be able to do. She will be able to do all of it just like I can, and then over time we'll we'll train other people into that area as well. So that was a big risk that I spotted. I also would say tied that is the fact that our company at the moment is very personality driven, right? So people know me, they know Lisa, and at the end of the day, if we're now involved, that that's a challenge, and so we've been pivoting that since 2022, and that we've been, like I said, bringing in educators to educate our programs. They're delivering those, but over time, then we will then need to further mitigate that by essentially replacing ourselves on the webinars as well with those people. So that's a something that I'm working on, but also it is a challenge because let's face it. Sometimes it's a bit of ego. I'm great at this. I can do this, and you you sometimes don't want to let go of some of those things. But that's going to be the pathway to a more a better protected business, really, where it's not all about me or even about Lisa anymore. https://home.marketplacesuperheroes.com/ https://www.instagram.com/stephenjsomers/  

Today, my guest is DJ Van Keuren. DJ is the co-managing member of Evergreen Property Partners, a real estate investment firm focused on family office capital and alternative real estate strategies. He's also the executive director of the Family Office Real Estate Institute.   www.evergreenpropertypartners.com [email protected] [email protected]  

J Darrin Gross And so, if you're willing, I'd like to ask you, DJ Van Keuren, what is the BIGGEST RISK?   DJ Van Keuren Lack of education, honestly, because I I think that, and if you think about it, you know somebody spent their whole life in tires or chemicals, and when they get out, they have all this money, and they don't understand hedge funds and private equity and venture capital and real estate. They don't understand insurances that can help with what they're doing, estate planning, foundations, right? Probably due diligence and everything else.   And as I said before, the people that's typically hired is based upon trust, and so they don't know these things either. And people spend their whole life in just one area, whether it's insurance or venture capital, you know, middle market, healthcare. So I think it's a matter of of back to knowing what you don't know and and trying to understand, I think the biggest risk is is sort of going through blindly, and and that means either educating yourself properly or surrounding yourself with people that really understand like yourself. www.evergreenpropertypartners.com [email protected] [email protected]  

Today, my guest is Kevin Krone. Kevin is the founder of Real Estate AI Studio in California. He spent years in commercial real estate operations and development, including asset management, on a 1.5 billion multifamily portfolio at related companies. And now he builds the AI systems for commercial real estate firms, brokerages, owners, and operators, and in just a minute we're going to talk with Kevin Krone about AI for commercial real estate professionals.   https://www.realestateaistudio.com/ https://www.linkedin.com/in/kevin-krone/