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Robert Martinez on Why Size Matters in Real Estate

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Robert Martinez on Why Size Matters in Real Estate

In this series called Member Showcase, we post interviews with participants of The Oracles. This interview is with Robert Martinez, founder, and CEO of Rockstar Capital, an actual property funding firm in Houston, Texas. It changed into condensed by using The Oracles.
Who are you?
Robert Martinez: I am an investor in multi-family actual estate and the founder and CEO of Rockstar Capital. We have $285 million in belongings below control and $seventy one million in investor capital — and we’re nonetheless developing.
At first, real estate was a manner to generate passive earnings on the aspect when I worked in oil and gas income. Eventually, I grew to become it right into a full-time profession that I love. We very own extra than 3,200 gadgets today, and I’m documenting my adventure to obtaining 10,000 gadgets on YouTube and different social media channels.
What are you extra skilled at than the general public in the world?
Robert Martinez: I’m skilled at group constructing and have an exquisite deal of empathy. You meet many people in existence who are talented, and they may win within a short period. But folks who win in the end are those with coronary heart, empathy for the ones around them, and a sturdy paintings ethic. Most importantly, they make those around them higher and lift them so that they may be a hit too.
I trust the ones traits beat talent any day of the week. I ensure my crew embodies that in the entirety they do.
What excites you the maximum about your commercial enterprise right now?
Robert Martinez: The unknown. We are beginning to locate momentum, and the possibilities are unreal. The goals we are putting now felt so far away at one factor, but I accept as true with we can acquire the impossible. There’s a long way to head, however chasing those goals and exploring the possibilities excites me.
What’s your favored quote?
Robert Martinez: “If you don’t like your scenario, do something positive about it and pick happiness.” I am in control of my state of affairs and my choices. If something sudden happens that I’m not prepared for, I can pick out how I react and make the first-class of that situation.
Much of lifestyles is primarily based on our reactions to our situations. I choose to constantly lead with optimism and positivity. Life’s too short for negativity.
What was your largest, most painful failure?
Robert Martinez: When I entered the Class A multifamily real property marketplace, I purchased small assets with fifty-one devices instead of going all in on a property with 100 to three hundred gadgets. I discovered quickly that size subjects in real estate.
With handiest 51 gadgets, I had limited condominium earnings so that I couldn’t afford the satisfactory skills or a ton of advertising and marketing. At the equal time, my competition had two hundred to 500 devices, with extra earnings at their disposal. We were vying for the same renter, in particular when there have been fewer inside the marketplace. It also became hard to promote the belongings later because investors already knew the lesson I had discovered the robust manner.

We tailored and made the quality of the state of affairs. I discovered that it’s essential to have a facet over your competitors. (For us, that’s popularity control and social media.) When the economy collapses, you want on the way to navigate the stormy waters. We survived the 2008 financial crisis and Hurricane Harvey, and I understand we can hold to strength through greater tough times and pop out strong.
How do you outline first-rate management?
Robert Martinez: Great leaders take into account that despite the fact that they have got an essential role to play, they may be no longer better than absolutely everyone else. They apprehend the duties that include leading a crew.
Great leaders also lead by instance and talk about their requirements. You must have a robust paintings ethic and paintings at least as hard as your crew. I individually don’t expect them to work as difficult as I do. However my team is privy to their benchmarks.
How do you compare a good enterprise deal?
Robert Martinez: When I’m comparing a property, I envision the go out approach and opposite engineer the steps I need to get there. That approach I want to understand two matters.
First, I need to photo the best client who will buy the property from me in five to 10 years. Then I want to know that I could make the belongings a perfect acquisition for them, despite the fact that which means including services, renovating, or deploying different techniques from our Rockstar playbook.
In addition to a go back on investment, the intention is that renters can keep living there fortuitously for the following 20 to 30 years.
What’s your every day recurring for success?
Robert Martinez: I stay busy and effective, which stems from having a clean imaginative and prescient and goals. I take a look at my emails and messages inside the morning and night. Also at night, I assess any duties that didn’t get finished and prioritize them for the following day.
I make my fitness a priority with the aid of workout. Being disciplined is critical due to the fact many small wins subsequently add up to main fulfillment.
What do you need to perform inside the subsequent three years?
Robert Martinez: I want to hold to make a nice effect on the ones around me. I want to look back and don’t have any regrets about the decisions I’ve made, even though I recognize I will make the incorrect call now and then. I am humble sufficient to confess that I made the incorrect decision and to give you a solution.

 


I want to hold to increase the Rockstar circle of relatives. It may be lonely on the top, and it’s a lot better to win as a team. Then you may proportion your achievement tales with others who assist make you higher individually and professionally.
I also need to disseminate my message to thousands and thousands of human beings via my YouTube show and different social media channels. We are just getting commenced, and it’ll be amusing to appearance back and spot how far we’ve got grown and the fulfillment we have executed.
What do you want to be regarded for, or what do you want your legacy to be?
Robert Martinez: I need to make a distinction in human beings’ lives and go away an effect on absolutely everyone I meet. I am a huge endorse for assisting others, whether that’s thru volunteering at a soup kitchen, fundraising for breast most cancers, or helping other reasons.
When it’s all stated and accomplished, humans won’t care whether I build a billion-dollar empire or collect 10,000 devices — however, they will consider how I make them experience.