Our guest is Shannon Robnett, a real estate developer and syndicator with over 35 years of experience. In this episode, we talk about the future of commercial real estate. Shannon shares his investing journey, how to adjust to changes in the industry, and why tokenization might be the next big thing in REI.
Start 2022 right and plan out your next steps with the help of this conversation!
Learn more about Shannon and his journey at reiclarity.com!
“Solving your own problem is a very very smart thing to do because you need to be able to take care of that instance when something doesn't go right.”
Shannon is a fourth-generation realtor. For a while, he didn’t want to work in the industry, but after college, he realized how lucrative real estate was. In his 35-year real estate journey, Shannon has done construction projects, worked as a developer and multifamily asset manager, and invested in many deals.
Over the years, Shannon learned the importance of understanding every part of real estate investing, the benefit of building a team, and paying people more for the additional value.
“Tokenization creates a liquidity in that marketplace that I think the world is really craving.”
Shannon has invested in the Boise, Idaho market for most of his career. In 2020, Boise was noted as the least affordable market in North America. This made Shannon change his strategy and he’s now venturing out to other states and more industrial types of deals.
Shannon is building a tokenization platform for real estate which is utilizing blockchain technology. Tokenizing real estate has many advantages including increased efficiency, liquidity, and diversification.
“You can call it “forecasting your future” but I call it building your processes that keep you out of trouble.”
At the end of the episode, Shannon picks an action step from the REI Clarity Framework that is the most valuable to him. This is “Forecast Your Future”.
According to Shannon, the more systems and processes you have in place to take out the variables, the better you can forecast your future. Focus on building solid processes and follow them step by step.
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