#58 - Why Build-to-Rent Is Booming: Insights from Ryan Watts of Red River Development
Manage episode 445908902 series 3511422
In this episode, we are joined by Ryan Watts from Red River Development. Ryan shares his journey, starting in real estate while still in college and transitioning from oil and gas to founding Red River Development with his brother and partner, Jay Dempsey. Ryan discusses their focus on the Build-to-Rent (BTR) market, offering a hybrid between suburban rental homes and multifamily apartments. They provide residents with a pool, fitness center, dog parks, and private backyards.
Ryan emphasizes the importance of good partners in building a successful business and outlines Red River’s strategic market approach, focusing on emerging secondary markets like Tulsa and Kansas City. He also explains the benefits of the BTR model for investors, including its strong demand and rental growth, and highlights how Red River is helping address the U.S. housing shortage.
Reach out to Ryan:
Web: https://redriverdevelopment.com/
LinkedIn: https://www.linkedin.com/in/ryan-watts-0038155/
Episode highlights:
(0:00) Ryan introduces his real estate journey
(1:19) Transition from oil and gas to real estate investing
(2:18) Founding Red River Development
(8:03) Explaining the Build-to-Rent model and Trullo Homes
(14:21) U.S. housing shortage and demand for BTR
(20:31) Site selection and development process
(30:37) Construction phases and investor returns
(32:19) Risk management and partnerships
(41:54) Retention and resident demographics
(45:53) Outro
—
Share this with your tech friends who you think will benefit from this podcast. Please also rate and subscribe so this podcast can reach more audiences.
For more resources and guides, check these out:
- Investor 101 https://www.aritacapital.com/investor-101-resource/#
- Due Diligence Resource https://www.aritacapital.com/dd-checklist-resource/
If you want to learn more, reach out at:
Email: steven@aritacapital.com
LinkedIn: https://www.linkedin.com/in/aritasteven/
65 Episoden