Purposeful Profits in Real Estate with Tashi King

In this episode, Martine Richardson and Lori Eubanks interview Tashi King, who shares her journey into real estate, emphasizing the importance of purposeful profits through transitional housing. Tashi discusses her early experiences in real estate, the shift to investing, and the impact of her work on the community. She highlights the demand for transitional housing and the benefits of serving various populations, including those formerly incarcerated and survivors of domestic violence. The conversation also covers practical steps for investors looking to enter this space, including the use of membership agreements instead of traditional leases. In this conversation, Tashi King discusses the innovative approach to membership agreements in shared living spaces, emphasizing the importance of vetting processes and setting clear expectations. The dialogue explores how to handle unruly members, payment issues, and the systems in place to maintain order and cooperation among residents. Tashi shares valuable lessons learned from her experiences in real estate, highlighting the significance of understanding the market and the importance of community support. The conversation concludes with insights on the ever-present opportunities in real estate and how to navigate them effectively.

Takeaways

• Tashi King's journey into real estate began with her parents' involvement.
• Real estate provided Tashi with the freedom to support her family during tough times.
• Transitional housing can be both profitable and purposeful.
• There is a high demand for transitional housing for various populations.
• Investors can charge per bed, increasing profitability.
• Building partnerships with organizations can provide stability for housing.
• Membership agreements can be more beneficial than traditional leases.
• Community support and engagement are crucial in transitional housing.
• Investors should focus on serving their community while making profits.
• Real estate can be a means to advocate for social change. The membership agreement fosters unity among residents.
• A vetting process is crucial for selecting members.
• Setting clear expectations helps maintain order in shared spaces.
• Handling unruly members requires proactive communication.
• Real estate opportunities exist in every market condition.
• Investors should not judge potential tenants by appearances.
• Effective property management involves checks and balances.
• Community support is essential for success in real estate.
• Understanding the market is key to making informed decisions.
• Real estate is a continuous learning journey.

 

Sound Bites

.css-j9qmi7{display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;-webkit-flex-direction:row;-ms-flex-direction:row;flex-direction:row;font-weight:700;margin-bottom:1rem;margin-top:2.8rem;width:100%;-webkit-box-pack:start;-ms-flex-pack:start;-webkit-justify-content:start;justify-content:start;padding-left:5rem;}@media only screen and (max-width: 599px){.css-j9qmi7{padding-left:0;-webkit-box-pack:center;-ms-flex-pack:center;-webkit-justify-content:center;justify-content:center;}}.css-j9qmi7 svg{fill:#27292D;}.css-j9qmi7 .eagfbvw0{-webkit-align-items:center;-webkit-box-align:center;-ms-flex-align:center;align-items:center;color:#27292D;}