Slow growth is not no growth. In today’s episode, we’re going to dive into them! Preston Walls founded Walls Property Group and Walls Property Management. The companies are both vertically integrated offering construction management, property management, maintenance, and syndication. Preston is currently building a 61-unit midrise multifamily project for a 53-unit site and renovating several existing value-add multifamily properties in Seattle.
[00:01] – [05:14] Opening Segment
- Let’s get to know today’s guest, Preston Walls
- Preston shares his real estate entrepreneur background
- Preston talks about his projects after leaving Wall Street
[05:15] – [10:04] Building a Vertically Integrated Real Estate Firm
- Where to Find Best Risk-Adjusted Returns
- Value-adds as cash flows
- Preston talks about project plans and land purchasing
[10:05] – [14:17] Variables, Limits, and Growth
- Control and focus on many variables
- Focus as Narrowly as You Can
- Success in Slow Growth
[14:18] – [18:50] Final Four Segment
- Preston’s advice to aspiring investors
- “Control your variables, know as much as you can.”
- How Preston stays on top of his game
- Sleep
- Preston’s way to make the world a better place
- Three apartment contest for donation; essay contest for free rent
- Reach out to our guest – see links below
- Final words
Tweetable Quotes
“It takes finding the right investor that’s willing to sign on.” – Preston Walls
“The biggest thing to compartmentalize is risk.” – Preston Walls
“On the job learning… that’s what keeps you going.” – Preston Walls
“Everyday is a performance. You want to function your best all the time.” – Preston Walls
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Connect with Preston Walls through: preston@wallspropertymanagement.com and LinkedIn. Check out https://wallspropertygroupre.com/ and build your vertically integrated real estate firm.
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I love helping others place money outside of traditional investments that both diversify a strategy and provide solid predictable returns.
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