Exploring Build-to-Rent Industry with Jim Sheils

Ever dreamt of quitting your 9-to-5 grind and venturing into the world of real estate investment? Our guest for this episode, Jim Sheils did just that, transitioning from corporate America to becoming a real estate investor and ultimately, the CEO of a company that builds rent to own properties based in Florida. He unveils his journey, offering insights on how the build to rent industry has not only increased his wealth but also provided him with a passive income. We explore the vital elements of a high-growth market and delve into the significance of the affordability index to the Florida real estate market.You may be thousands of miles away from Florida, but that doesn't mean you can't profit from its lucrative rental market. We dig into the opportunities that Jacksonville, Florida offers, highlighting how you can invest in rental properties irrespective of your current location. The episode also details the importance of having an in-house management team for your rental business and delves into Jim's successful collaboration with Brightland Holds, a large group based out of Texas. Buckle up as we unlock the secrets of thriving in the real estate market.About the Guest:
Jim is a partner at Southern Impression Homes, a company that specializes in building rental portfolios for individual investors and institutional buyers in Florida’s high-growth markets. With a strong focus on the Build-to-Rent niche, Southern Impression Homes provides new construction, low-density properties such as single-family homes, duplexes, and quads with property management in place. Jim’s experience in real estate investment extends beyond his partnership with Southern Impression Homes. He has done over 2,000 rehabs and formerly owned Jax Wealth Investments, which focused on bulk foreclosures. After a successful joint venture partnership with Southern Impression Homes, the two companies merged in 2022 to better serve their growing client base in the Build to Rent niche.
In addition to his thriving career in real estate, Jim is a respected figure in family education. As the co-founder and owner of 18 Summers, he offers keynotes, workshops, and retreats to entrepreneurs, professionals, and family-focused companies who seek to balance their success in business with strong family relationships. Jim and his wife Jamie are the bestselling authors of “The Family Board Meeting” on Amazon. Their “Board Meeting” strategy, “Date Night with A Question” program, and other straightforward frameworks have benefited numerous business leaders worldwide in rebuilding and strengthening their family connections.
https://jjplaybook.com/https://www.linkedin.com/in/jimsheils/
Fast Five QuestionsIf you woke up and your business was gone, you have $500, a laptop, a place to live, and food, what would you do first? "I'm gonna start calling some of my closer contacts"What is the biggest mistake that you have made in business? "Getting wrapped in how many properties back 20 years ago"What is a book that you would recommend? "The Alchemist by Paulo Coelho and The Richest Man in Babylon by George S. Clason"What is a tool that you use everyday that you would recommend? "HubSpot"What is your definition of freedom? "I think freedom is the how on your terms..,freedom for me is enjoying the how we're doing it."<br/>
About Jeff: Jeff spent the early part of his career working for others. Jeff had started 5 businesses that failed before he had his fir