Property Profits Real Estate Podcast

A real estate fund sponsor had gone quiet for two years, leaving an advisor with very little information to explain what happened to a client. Daniel Erb shares how his team used limited reports and public records to rebuild part of the story.
Expanded Description
Daniel Erb started in traditional investment banking before moving into real estate investing, fund raising, underwriting, and market research. That experience eventually brought him to the allocator side of the table, where his work now focuses on family offices, independent registered investment advisors, and wealth management groups.
Daniel explains why private market investing can be difficult to evaluate. Private funds do not all look the same, and the information around them can be much less transparent than information in public markets.
His work includes underwriting support, comparisons between funds, and monitoring previous investments. That can mean looking at how a fund is performing against its original target, other private funds, similar REIT indexes, or the S&P 500. It can also mean asking whether strong past results came from the sponsor or simply from being in the right market at the right time.
Key Topics and Takeaways
Daniel’s move from investment banking into real estate and fund raising
Why Daniel says private funds are like snowflakes
The gap between growth in private funds and investment in research
How existing private market investments can be monitored
Comparing results with original targets and other investment choices
The case of a sponsor that stopped communicating for two years
Guest Information
Daniel Erb works with family offices and independent registered investment advisors that have significant exposure to alternative investments.
He also works with advisors leaving larger firms who want private market support without building a complete alternatives desk inside their new firm.
Website: EMCAPLLC.co
LinkedIn: Search for Daniel Erb. Daniel said his LinkedIn domain includes Daniel Patrick Erb.
Daniel also discussed EM Capital and an AI research agent that covers commercial real estate asset classes. The transcript gives two different spellings for the agent’s name.
Call to Action
If you run a family office or registered investment advisor with significant alternative investments, Daniel welcomes a conversation to compare notes and discuss his firm’s monitoring work.
If you are building an alternative investment capability and want to compare the cost of building it internally with working with EM Capital, Daniel also invites that conversation.
Visit EMCAPLLC.co or find Daniel Erb on LinkedIn.

What changes when an apartment is rented one bedroom at a time instead of one unit at a time?
For Zach Feldman, that is one of the big ideas behind a student housing portfolio that has grown to thousands of beds across the country.
Expanded Description
Zach’s firm has built more than 5,000 student housing beds and currently owns and operates about 4,300, with another 1,000 under construction.
He explains how purpose built student housing differs from traditional multifamily. Residents sign individual bedroom leases, units come fully furnished, and the best locations are close enough to campus that students can walk there in minutes.
Zach also explains why the business is not easy. Development approvals are becoming more costly and difficult. A soft cost package that may once have cost around $50,000 can now reach $500,000 or even $1 million before the developer knows whether a project will move ahead.
He also shares how annual turnover and preleasing affect the business, including why leasing can begin a full year before a building opens.
Key Topics and Takeaways
Why student housing is rented by the bed
How four bedroom units change the revenue per square foot
Why pedestrian access to campus matters
How large institutional buyers participate in student housing
Why entitlement costs have become a major barrier
How student housing can be preleased before construction is complete
Guest Information
Zach Feldman is a student housing developer and owner operator. His firm has built more than 5,000 student housing beds across markets ranging from upstate New York to Arizona.
Email: gf@aptitudere.com
Website: aptitudere.com
Call to Action
Zach invited anyone interested in discussing student housing, upcoming opportunities, or real estate in general to contact him directly.
Email: gf@aptitudere.com
Website: aptitudere.com

A single family rental was making Katrina Robinson about $200 a month in profit. After she started renting the same home by the bed, the numbers changed in a big way.
Katrina now operates three co living homes in San Antonio while living in California. Her residents often receive income through SSI, SSDI, or the VA and can handle their own daily activities. The homes provide housing only. Katrina and her company do not provide personal care services.
She explains how a typical four bedroom property can work, why she brought in an operations manager after her second home, and why that manager is paid based on occupied beds.
Katrina also talks about the harder parts of the business. Rent collection needs to stay inside the system. Maintenance reserves matter. Vacancies can quietly become expensive. At one point, six empty beds represented about $4,000 in lost monthly revenue.
Key topics and takeaways:
Why Katrina rents rooms and beds instead of the whole home
The numbers behind an eight bed shared home
Why she recommends at least four bedrooms
How an operations manager helps keep the homes running
House rules that reduce resident conflict
Why cameras are used in common areas
How Katrina builds referral relationships with caseworkers and social workers
Why she reviews the business numbers every Monday during her CEO hour
Guest information:
Katrina E. Robinson operates three co living homes in San Antonio, Texas, while living in the Los Angeles area. She also teaches other property owners how to use this housing model.
Website: co-livingbusiness.com
Tools and platforms mentioned:
RentReady
PadSplit
Call to action:
Katrina is looking to connect with people who already own single family rentals, especially properties with at least four bedrooms that may only be producing a few hundred dollars in monthly profit.
Visit co-livingbusiness.com to connect with Katrina and discuss whether that property could be changed to a co living home.

Real estate does not have to produce a home run every time to make sense.
For Dipesh Sitaram, years of investing across different real estate sectors led him back to the field he understood best: healthcare.
Dipesh has spent 20 years in healthcare. That experience gave him a close look at how practices and surgery centers operate, what their real estate needs look like, and why many healthcare tenants are willing to sign longer leases.
He tells Dave that the COVID period became a real litmus test for him. While he watched other areas of real estate struggle, his experience in healthcare looked different. Healthcare tenants kept paying rent and business carried on.
That helped shape a simple philosophy: real estate is a long game.
Dipesh is not focused on speculative deals that need huge appreciation in a short time. His preference is the kind of steady approach he describes as hitting doubles rather than expecting a home run every time.
He also walks through one of his favorite properties, a 20,000 square foot Midwest surgery center. After revitalizing the building, the tenants saw enough value in the improvements to enter into a long term lease. The property remains in the portfolio.
In This Conversation
Why Dipesh focuses on healthcare and healthcare adjacent real estate
What his experience in hospitality, multifamily, and condos taught him
Why COVID became his personal test for real estate stability
How revitalizing a surgery center helped strengthen the tenant relationship
Why higher interest rates, lower tenancy, and higher operating costs created problems in multifamily
Why investors should study both the property and the operator
Why subject matter expertise, experience, and a clear exit plan matter to Dipesh
About Dipesh Sitaram
Dipesh Sitaram has spent 20 years in healthcare and brings that operating experience into real estate. His current holdings are mainly specialty surgery centers, with investments concentrated in the Midwest and Central Texas.
He describes his approach simply: slow and steady wins the race.

Google Ads may look familiar on the surface, but Dan Barrett says the game underneath has changed.
Keywords and clever ad copy matter less than many investors think. The bigger opportunity is giving Google better data about which leads are actually worth pursuing.
Expanded Description
Dan Barrett works with real estate investors through AdWords Nerds, with most of his clients focused on motivated sellers.
He explains how Google Ads has moved from a world of manual bidding and detailed keyword control into a system driven much more by algorithms. Instead of spending most of the time adjusting bids, Dan focuses on the full lead funnel.
That includes the landing page, CRM connection, lead quality, appointments, and the information that gets sent back to Google.
Dan also explains why investors may choose between a smaller number of higher quality leads or a larger number of lower cost leads. Neither approach is automatically right. The best setup depends on the market, the investor's systems, and how much lead volume the business can handle.
Key Topics and Takeaways
Why Google Ads now depends heavily on algorithm training
Why keywords and ad copy have less control than they once did
How landing page speed and mobile performance affect results
The difference between a high quality strategy and a high volume strategy
Why Dan may track appointments or qualified leads instead of every lead
How conversion rates can change the cost of a lead
Why Google Ads should not be the only marketing channel in the business
Guest Information
Dan Barrett works with AdWords Nerds and has spent about 16 years focused on Google Ads for real estate investors.
Website: AdWordsNerds.com
Dan said the site includes free content, blog posts, podcasts, and an option to book a session with his team.
Call to Action
Visit AdWordsNerds.com to learn more, explore the free content, or book a session with the AdWords Nerds team.

Real estate conditions can look very different from one Ontario market to the next.
In this September 2026 update, Simi Mehta shares what she is seeing across her portfolio and why Pembroke has been especially strong for rental demand. She also explains why she is putting more attention on industrial units in Pickering.
Simi walks through how one of her joint ventures works using a 38-unit apartment building in Pembroke as an example. Four investors brought different amounts of capital into the project and received shares based on what they invested. After the property was renovated and refinanced, the investors received their original capital back plus profit while remaining invested in the property.
She also shares an update on a Cornwall property that had two commercial units and a former gym. Simi and her team worked with the City of Cornwall to turn the gym space into six apartments. The project is nearing completion, with leasing and refinancing planned as the next steps.
In this episode, Simi discusses:
Why she looks beyond the GTA for deals• The different rental conditions she is seeing in Pembroke and Kitchener• Her current mix of single-family homes, multiplexes, and industrial units• Industrial units in Pickering starting at $125,000• How her 38-unit Pembroke joint venture was structured• The difference between a joint venture investment and private lending in her business• The Cornwall conversion from a gym to six residential units• Her recent spiritual retreat and what she learned about acceptance and time
To connect with Simi, she prefers phone calls or text messages at 647-868-3955. She can also be reached at investwithsimi@gmail.com.