181: Creating a Passive Income Playbook with Build-to-Rent Real Estate with Jim Sheils

Zen and the Art of Real Estate Investing

Building to rent may not be an obvious real estate investing strategy, but it can work beautifully with the right know-how.

On this episode of Zen and the Art of Real Estate Investing, Jonathan sits down with Jim Sheils. Jim is a real estate investor, bestselling author, and family leader. He is a partner at Southern Impression Homes, where they build homes to rent. Jim is also the co-owner of 18 Summers, which provides family education services. Jim fused these concepts into his book, “The Passive Income Playbook: Leverage Build-to-Rent Real Estate to Buy Back Your Time & Create a Legendary Family Life.”

Jonathan and Jim begin their conversation by delving into Jim’s interest in real estate after he graduated from college and ended up with a job he hated. You’ll hear about his first property, how it helped him decide to take the real estate investing path, and what he learned from his first few properties that led him to pursue a build-to-rent strategy. Jim shares one of the biggest misconceptions about build-to-rent properties, the attributes he looks for when he wants to build new properties, and the issues that can arise when building in areas like Florida. You’ll hear Jim’s belief that boring is good, what he means by building a portfolio with just two hours a month, and the importance of prioritizing quality over quantity.

Building homes to rent is a lesser-known investing strategy, but it’s working well for Jim Sheils. He also shares how you can learn to make this strategy work for you.

In this episode, you will hear:

• How Jim Sheils’s interest in real estate developed after taking a job he didn’t like after college
• How he learned to overcome analysis paralysis on his first property
• Jim’s first three-family property that helped him decide real estate was the right path
• Taking what he learned from his first few properties into a build-to-rent strategy
• One of the biggest misconceptions surrounding build-to-rent
• The attributes Jim looks for in a location and where he’s focused on building in Florida
• Issues with insurance when building in areas like Florida and the importance of a builder’s warranty
• Why boring is good, building a portfolio with two hours a month, and prioritizing quality over quantity
• Sacrificing cash flow upfront for growth in the long term
• Jim Sheils’s advice for new property flippers

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If you enjoyed this episode, we've created a PDF that has all of the key information for you from the episode. Just go to the episode page at https://zenandtheartofrealestateinvesting.com/podcast/181/ to download it.

Supporting Resources:

Passive Income Playbook website - jjplaybook.com

Southern Impression Homes on YouTube - www.youtube.com/@SouthernImpressionHomes

Southern Impression Homes on Facebook - www.facebook.com/SIHomesFL

Find Southern Impression Homes on Instagram - www.instagram.com/southernimpressionhomes

Connect with Southern Impression Homes on LinkedIn - www.linkedin.com/company/southern-impression-homes-llc

Southern Impression Homes on Twitter/X - twitter.com/sihomesfl

Website - www.streamlined.properties

YouTube - www.youtube.com/c/JonathanGreeneRE/videos

Instagram - www.instagram.com/trustgreene

Instagram - www.instagram.com/streamlinedproperties

TikTok - www.tiktok.com/@trustgreene

Zillow - www.zillow.com/profile/StreamlinedReal

Bigger Pockets - www.biggerpockets.com/users/TrustGreene

Facebook - www.facebook.com/streamlinedproperties

Email - [e-mail]

Episode Credits

If you like this podcast and are thinking of creating your own, consider talking to my producer, Emerald City Productions. They helped me grow and produce the podcast you are listening to right now. Find out more at https://emeraldcitypro.com Let them know we sent you.