187: Building Roots and Generating Results Through Multifamily Real Estate with Shane LaFave

On this episode of Zen and the Art of Real Estate Investing, Jonathan interviews Shane LaFave. Shane has been in real estate development for more than 15 years and has worked on a little of everything, including affordable housing renovations, high-end market-rate buildings, hotels, historic buildings, commercial spaces, and solar farms. Shane serves as the executive vice president of Roers Companies, a multifamily real estate firm powered by in-house development, construction, and property management, otherwise known as vertical integration. As Jonathan and Shane begin their conversation, you’ll hear what drew Shane to real estate in college, why it’s a relationship-based business, and his focus on working on the community's needs as a syndicator while implementing vertical integration. He shares what can happen when syndication isn’t vertically integrated, Shane’s preference for new builds, and the downsides of new construction. You’ll hear the fund his company offers to those hesitant about syndications, why you must know your market and understand the marketing, and what Shane looks for in a geographic area before investing. Finally, they cover the best time to jump into syndication and what he loves about industrial real estate. For those considering moving into syndications as an investment vehicle, Shane LaFave offers listeners a masterclass on how to do it effectively. In this episode, you will hear: Shane LaFave’s background in real estate, beginning with a degree in real estate studies The importance of building relationships and understanding this is a people business Working within the needs of the community as a syndicator and implementing vertical integration The problems that can arise in a syndication that isn’t vertically integrated New builds versus renovation projects and why new builds are Shane’s sweet spot The downsides of new construction The fund Shane offers to those who are hesitant to invest in a syndication Knowing your market and understanding the marketing behind a syndication How many units are in one of Shane’s typical projects Choosing a geographic area for a new build and what he looks for The best time to invest in a syndication Shane’s love for industrial real estate  Follow and Review: We’d love for you to follow us if you haven’t yet. Click that purple '+' in the top right corner of your Apple Podcasts app. We’d love it even more if you could drop a review or 5-star rating over on Apple Podcasts. Simply select “Ratings and Reviews” and “Write a Review” then a quick line with your favorite part of the episode. It only takes a second and it helps spread the word about the podcast. If you enjoyed this episode, we've created a PDF that has all of the key information for you from the episode. Just go to the episode page at https://zenandtheartofrealestateinvesting.com/podcast/187/ to download it. Supporting Resources: Roers Companies website - roerscompanies.com Roers Companies on YouTube - www.youtube.com/channel/UCaphglePU6-8OeJC0AGxtRg Roers Companies’ Facebook - www.facebook.com/Roerscompanies Find Roers Companies on Instagram - www.instagram.com/roerscos Connect with Shane LaFave on LinkedIn - www.linkedin.com/in/shane-LaFave-734b6213 Roers Companies on LinkedIn - www.linkedin.com/company/roers-companies Website - www.streamlined.properties YouTube - www.youtube.com/c/JonathanGreeneRE/videos Instagram - www.instagram.com/trustgreene Instagram - www.instagram.com/streamlinedproperties TikTok - www.tiktok.com/@trustgreene Zillow - www.zillow.com/profile/StreamlinedReal Bigger Pockets - www.biggerpockets.com/users/TrustGreene Facebook - www.facebook.com/streamlinedproperties Email - info@streamlined.properties Episode Credits If you like this podcast and are thinking of creating your own, consider talking to my producer, Emerald City Productions. They helped me grow and produce the podcast you are listening to right now. Find out more at https://emeraldcitypro.com Let them know we sent you.