Converting Motels Into Apartments

Du Charme Wealth Management Podcast

Kevin Kennedy shares his unconventional approach to real estate by converting dilapidated motels into affordable housing. He discusses his journey, unique investment strategies, past experiences—including a humorous encounter on Judge Judy—and the importance of understanding zoning laws and property management.
• Kevin's transition from merchant banking to real estate investing
• Humorous story of losing a snake and appearing on Judge Judy
• The potential of converting poorly managed motels into cash-flowing apartments
• Importance of preemptive engagement with local municipalities for zoning
• Insights on property management and working with contractors
• Balancing profitability with a mission to address affordable housing needs
• Emphasis on the evolving nature of real estate investing and market dynamics
Guest Bio: Kevin Kennedy is a seasoned real estate entrepreneur with a diverse portfolio that spans across multiple sectors. With a keen eye for investment opportunities, Kevin has successfully ventured into RV park ownership, apartment complexes, and numerous rental properties.
RV Park Ownership: Kevin owns and operates several RV parks, providing top-notch amenities and services to travelers and long-term residents alike. His parks are known for their scenic locations, well-maintained facilities, and community-oriented atmosphere.
Apartment Ownership: Kevin has invested in multiple apartment complexes. Typically renovated from older properties his properties are strategically located in high-demand areas, offering modern living spaces and a range of amenities that cater to the needs of urban dwellers.
Numerous Rentals: Kevin’s real estate portfolio also includes a variety of rental properties. From single-family homes to commercial spaces, he has built a reputation for maintaining high standards and ensuring tenant satisfaction.
Kevin’s success in real estate is driven by his commitment to quality, customer service, and strategic investment. His ability to identify and capitalize on market trends has made him a respected figure in the industry.
Website: https://conversionhousing.com/
Instagram - https://www.instagram.com/conversionhousing/?igsh=MTJqYmxjdHZ0YTBuaA%3D%3D#
Find Du Charme Wealth Management here:
https://ducharmewealth.com/contact-us/
#podcast #commercialrealestateinvestor #wealthmanagement #investmentstrategy #southernutah #stgeorgeutah
[00:00:00] Intro.
[00:01:57] Real Estate Investments and Strategies.
[00:11:09] Multifamily Property Management and Investment.
[00:16:19] Wealth Management Client Segmentation.
[00:23:56] Real Estate Investing Strategies and Challenges.
[00:36:08] Scale of Multi-Family Property Investments.
[00:42:35] Real Estate Investment Strategies and Considerations.
[00:56:11] Economic Trends in Real Estate.
[01:08:05] RV Park Investment Challenges and Considerations.
[01:17:29] Interest Rate Trends and Investment Strategies.
[01:22:47] Real Estate Investment Complexity Discussion.
DISCLAIMER:
Information presented on this program is believed to be factual and up-to-date, but we do not guarantee its accuracy, and it should not be regarded as a complete analysis of the subjects discussed. Discussions and answers to questions do not involve the rendering of personalized investment advice, but are limited to the dissemination of general information. A professional advisor should be consulted before implementing any of the options presented. Encompass More Asset Management LLC is a registered investment adviser with the U.S. Securities and Exchange Commission (SEC) and only transacts business in states where it is properly registered, or is excluded or exempted from registration requirements.