Episode 148: Michael Tich

Intelligent Accredited Investor Podcast

Venturing into different markets has become increasingly attractive in today's ever-evolving real estate landscape. It allows you as an investor to mitigate risks, tap into various growth opportunities, and harness the potential of high-demand regions. However, one critical factor that can significantly impact the success of such investments is the prevailing interest rates. In an environment where interest rates fluctuate, being aware of these changes and adapting investment strategies is essential. Understanding the interplay between profitable investments, market selection, and interest rates can spell the difference between success and missed opportunities in real estate. It's a complex, intriguing puzzle that continues to evolve, making it an exciting space for those willing to embrace the challenge.

According to Michael, the home-sharing investing space is not just about finding roommates and a place to stay. It’s a space that turns every note into a unique opportunity. With an impressive background in managing digital marketing budgets and data science teams at Airbnb, he's seen it all. Michael emphasizes that staying in tune with the ever-changing interest rate environment is crucial. For him, strategy, flexibility, and investing in the right properties are the conductors that allow him to navigate these fluctuations, ensuring their investments hit all the right notes.

Michael is one of the co-founders of HomeRoom, a home-sharing app that connects users to roommates, social opportunities, and a host of tech-enabled property management tools. Mike previously led marketing and data science teams at Airbnb, managing between $50-100M in annual digital marketing spend. After the pandemic led to Airbnb shutting down its marketing team in early 2020, Mike quickly realized that he could make much more money and found himself at HomeRoom. As CMO, he has helped the early-stage company secure $500,000 in funding, growing from 20 to hundreds of rental properties.

That is part of what Michael shares with Fuquan today. According to him, investing in real estate is not just about four walls and a roof strategy but the adaptability and the ability to harmonize with different market fluctuations. Michael's journey from Airbnb to HomeRoom showcases the innovative and resilient spirit that thrives in this intriguing space. He's proven that, even in challenging times, there are always opportunities to create beautiful symphonies of success.

Tune in to get insight from Michael’s top strategies and creative investment techniques in the room-sharing real estate space for building your real estate portfolio in different markets.

Highlights from the Interview

• Michael's background and how he got into real estate
• How Michael keeps the regulations and areas they focus on investing
• Why Michael is passionate about real estate
• Michael’s full-service offering in finding property and property management
• Michael’s market average age score and turnover
• The challenges Michael is facing with the interest rates in different markets
• Michael’s property acquisition strategy and what they look for in properties
• How Michael and his team find resources for repair and renovation
• The lessons Michael has learned and their strategy to improve their model
• Michael’s long-term and short-term property management contracts