Michelle Byers-Robson

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36 appearances 1 recordings 1 series first heard May 2025 last heard May 2025

Michelle Byers-Robson’s voice in public audio — every appearance, attributed to the second.

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Becker Private Equity & Business Podcast · From Conferences to Condos: Michelle Byers-Robson on Entrepreneurship and Real Estate 5-12-25 · 12 May 2025 podcast

I personally haven't invested in apartment complexes, but I do have friends that go in with groups of people and they, so you offset your risk by going in in a group and buying a one big property together and then having someone manage that for you. Again, I just really think it has to do with your market. and where you're at.

It is. I actually tend to pick two or three and really focus on them so I know what I'm doing and I can really get in. Again, I tend to be the person that likes to walk the neighborhood, walk the neighborhood, walk the neighborhood. know what's going on, where I'm investing and what I'm doing there. And I really want to know what's going on.

Once you get to know an area or a neighborhood, you don't need to walk that neighborhood every day, but you might still want to do it once a week. So I like to be in markets where I can actually physically see what's happening there and can kind of keep a good read on it. But there are other, quote unquote, hot markets and opportunities out there that I really am excited about.

And those are kind of some of these markets where maybe it really is expensive to get in, but you could do secondary, quote unquote, investments through something called arbitrage. I've seen arbitrage work really well in markets like Arizona, right? where there are beautiful brand new apartment complexes, the real estate price to go in is very expensive, but they don't have a whole lot of hotels.

And all of a sudden, all I'm going in on is, I mean, and I need to get a corporate lease and you got to do your things right. But if I go in and do that right, and I get a corporate lease, I can rent that apartment out as a short-term rental. And I can make the money without ever even going in more than my investment of the rent.

So there are some interesting things that I think areas like there's, I would say, Arizona or Austin is another great one for that. There are some of these other cities that are just really kind of that would be an opportunity. And those are really exciting to me.

Absolutely. The first is do your homework. Read the small print. What I mean by that, Scott, is Check what the HOA rules are, what the city ordinance rules are, what the county rules are. There are a lot of these. If I were a small investor going in wanting to pick up one, two Airbnbs,

I would really, really want to make sure I understood the ins and the outs of what would be required for me from a permitting and a compliance point of view, what I would need to have to protect myself in terms of insurance requirements. and what I would need to be doing price-wise. And so I would really want to do my homework first, and I would want to go in and test the waters and do one,

before I did 10. So I really make sure that I'm going in. And then the last thing is surround yourself with smart people that will give you real feedback. And that means a really good attorney if you need some advice and some information on reading contracts and knowing what the ordinances are and making sure you're in compliance.

Hiring a really professional real estate agent that gets the market and is representing your interests. Making sure you have an insurance advisor who is making sure that you're insured. And then making sure you've got a really great investment advisor and CPA who's keeping you on that end safe and making sure that you're paying what you should be paying.

And that you're keeping your investment strong and safe. That's what I would recommend is surround yourself with smart people. Do it. Start slow. But then again, the most important thing is know you're out when you go in. Don't get greedy. Make sure you know you're out. You have your eyes on the ball of where you're going and work that plan. And, you know, I think then it gets to be really fun.

Then you start to see success.

I'm most excited about the tiny house movement and some of those really exciting that were, you know, where you could actually go in a area where you might be able to buy, again, check your local ordinances and make sure you have the right permits, but you could buy a lot or two and put several of these tiny homes on and have this tiny home community. I think that's really fun.

I think people really, enjoy that from a Airbnb or Vrbo short-term rental situation. I think management-wise, it's relatively low impact. And I think from a creative point of view, it's really fun. I get really excited about what you can do with one bedroom, one bathroom versus a huge mega mansion, which feels overwhelming to me. So I get really excited about that. I think that's really fun.

And then arbitrage. I've really been interested in some of these arbitrage opportunities out there that are really exciting.

Thanks so much for having me, Scott. Have a great day.

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