Creating Lasting Experiences Through Financial Independence with Clint Harris
Manage episode 462854787 series 3558454
In this podcast episode, Tom chats with Clint Harris, a general partner at Nomad Capital, who shares his unique journey from a medical sales career to the self-storage investment space. Clint discusses the importance of financial independence, the pursuit of a meaningful life, and how he transitioned into real estate investing. He highlights the advantages of self-storage as an asset class, the innovative business model of Nomad Capital, and the deeper purpose behind their investments, which focuses on creating opportunities for families to spend quality time together. In this conversation, Tom and Clint dive into the complexities of real estate investment, emphasizing the importance of partnerships, understanding asset classes, and adapting to market trends. They discuss the impact of COVID-19 on storage needs, particularly among millennials, and explore cultural perspectives on consumerism. Tune in to hear more from this exciting episode!
Highlights 03:59 - Strategy shift: single-family to Airbnb. 05:49 - Realization of time and financial independence. 07:06 - Exploring successful real estate investor strategies. 07:52 - Experiencing burnout from managing multiple tenants. 08:25 - The appeal of self-storage investments. 09:07 - Importance of asset class conversion. 12:17 - Financial independence and personal goals. 14:12 - Founding of Nomad Capital. 17:18 - Impact of generational shifts on real estate. 18:45 - Discussion on consumerism and storage needs. 21:05 - Advantages of self-storage: low expense ratio. 25:00 - Effects of housing market trends on storage. 26:20 - Millennial usage of self-storage as extended space. 36:00 - Investing strategy: assessing personal alignment. 37:00 - Suitable investment profile for self-storage fund.
Episode Resources
- Connect with Tom Suvansri
- https://perennialpride.com/
- https://www.facebook.com/perennialpride/
- https://twitter.com/perennialpride
- https://www.youtube.com/channel/UC6N7YVoDx7BSRdiYRRb1BiA
- Connect with Clint Harris
- https://www.linkedin.com/in/clint-harris-543265139
Call to Action Schedule a Call with Tom
How to Listen:
141 حلقات