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#5: Richard Fertig - Do Cool Stuff with Cool People
Manage episode 343008526 series 3386438
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Join us from the Outer Banks of North Carolina as I talk with Richard Fertig (@imrichardfertig on twitter), the founder of Stomp Capital. Richard is a pre-eminent expert and thought leader in short-term rentals (a.k.a. Airbnbs). He and the Stomp team are pioneering a new experience-first hospitality concept that will blow your mind—I think it's the future of luxury travel. Richard's vision is huge and his energy is infectious. Aside from his business accomplishments, Richard has built a great life with a "full send" mentality. Join us as we talk about investing, real estate and life. The YouTube version of this episode comes with a special bonus—an exclusive tour of Richard's EdgeCamp Sporting Club in the Outer Banks. You don't want to miss it!
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Watch this episode on YouTube: https://youtu.be/L5M1rq5jx6w
Kevin on Twitter: www.Twitter.com/Camp4
Mentioned in this episode:
Stomp Capital: https://www.stompcapital.com/
RichardFertig.com: https://www.richardfertig.com/
Richard on Twitter: https://twitter.com/imrichardfertig
STR University on YouTube: https://www.youtube.com/c/STRUniversity
Stomp Capital on Twitter: https://twitter.com/stompcapital
Caldera House: https://calderahouse.com/
Topics:
(3:41) - Richard’s background & career
(7:58) - Edgecamp Sporting Club
(10:35) - The evolution of the STR asset class
(14:48) - Luxury vs. Experience
(18:41) - Richard’s ground-up approach to development
(22:40) - Cost-basis investing
(28:11) - Zoning rights acquisitions strategy
(33:01) - Great things aren’t easy
(36:45) - Thoughts on the Multifamily Asset Class
(41:50) - Adam Neumann entering the MF space
(45:42) - Richard’s work building Workforce housing
(50:38) - Richard’s growth plan over the next decade
(56:07) - Swell
(57:49) - What would you tell your 25-year-old self about building a great life?
(1:06:10) - Luck, humility, and finding satisfaction in life
(1:15:31) - What’s one thing you’re looking forward to right now?
(1:18:56) - Where can people find you online?
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