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Scaling A Nationwide Renovation Company with Bobby Triplett

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Manage episode 513597713 series 3363511
Content provided by REI Ink and REI Ink Magazine. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by REI Ink and REI Ink Magazine or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

In this episode of Uncontested Investing, we’re sitting down with Bobby Triplett, the Senior Vice President of Renovations at Offerpad, one of the nation’s leading real estate solution platforms.

Bobby takes us behind the scenes of managing thousands of home renovations across multiple markets both for Offerpad and for large-scale investor clients. He shares lessons on leadership, scaling teams, managing vendor partnerships, and navigating market expansion across diverse regions and labor markets.

We also dig into Offerpad’s Renovate program, which allows smaller and mid-sized investors to leverage Offerpad’s in-house construction network, and how partnerships, not competition, drive long-term success in the single-family rental and fix-and-flip spaces.

If you want to learn how to scale efficiently, build strong vendor relationships, and improve ROI through consistency and ownership, this episode delivers a masterclass in leadership and operational excellence.

Key Talking Points of the Episode

00:00 Introduction

01:00 Bobby’s start in real estate: from Invitation Homes to leading Offerpad’s renovation operations

02:09 The foundation of leadership: Why ownership and consistency matter most

03:13 Expanding into new markets and the unexpected hurdles of scaling nationwide

05:14 Setting clear expectations when finding and in maintaining strong vendor partners

07:10 How leadership mindset and coaching culture improve vendor relationships

08:40 Inside Offerpad’s Renovate program: Helping investors scale without hiring full-time staff

10:33 Why boots-on-the-ground project management still beats technology-only solutions

12:35 Deal Maker: How Bobby turned around an underperforming Atlanta market team

13:36 The power of organization, efficiency, and mentorship in scaling teams

15:45 Key data points when entering a new market: Labor, permitting, scalability

18:02 Why cross-department communication between acquisitions, renovation, and disposition drives profits

21:13 Bobby’s leadership motto: “Leave it better than you found it”

23:40 How to assess ROI and identify the “win” in any property

25:05 Building partnerships with wholesalers, investors, and industry peers

29:33 Defining your buy box and using data to scale deal pipelines

31:01 Leadership development at Offerpad: Investing in people, not just processes

Quotables

“Ownership matters more than anything. I’m not looking for finger pointers, I’m looking for people who own the problem and own the solution.”

“Leave it better than you found it. That applies to properties, to people, and to partnerships.”

“Turnover will crush your ability to scale. Build relationships that last.”

Links

Offerpad

https://www.offerpad.com/

RCN Capital

https://www.rcncapital.com/podcast

https://www.instagram.com/rcn_capital/

[email protected]

REI INK

https://rei-ink.com/

  continue reading

172 episodes

Artwork
iconShare
 
Manage episode 513597713 series 3363511
Content provided by REI Ink and REI Ink Magazine. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by REI Ink and REI Ink Magazine or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

In this episode of Uncontested Investing, we’re sitting down with Bobby Triplett, the Senior Vice President of Renovations at Offerpad, one of the nation’s leading real estate solution platforms.

Bobby takes us behind the scenes of managing thousands of home renovations across multiple markets both for Offerpad and for large-scale investor clients. He shares lessons on leadership, scaling teams, managing vendor partnerships, and navigating market expansion across diverse regions and labor markets.

We also dig into Offerpad’s Renovate program, which allows smaller and mid-sized investors to leverage Offerpad’s in-house construction network, and how partnerships, not competition, drive long-term success in the single-family rental and fix-and-flip spaces.

If you want to learn how to scale efficiently, build strong vendor relationships, and improve ROI through consistency and ownership, this episode delivers a masterclass in leadership and operational excellence.

Key Talking Points of the Episode

00:00 Introduction

01:00 Bobby’s start in real estate: from Invitation Homes to leading Offerpad’s renovation operations

02:09 The foundation of leadership: Why ownership and consistency matter most

03:13 Expanding into new markets and the unexpected hurdles of scaling nationwide

05:14 Setting clear expectations when finding and in maintaining strong vendor partners

07:10 How leadership mindset and coaching culture improve vendor relationships

08:40 Inside Offerpad’s Renovate program: Helping investors scale without hiring full-time staff

10:33 Why boots-on-the-ground project management still beats technology-only solutions

12:35 Deal Maker: How Bobby turned around an underperforming Atlanta market team

13:36 The power of organization, efficiency, and mentorship in scaling teams

15:45 Key data points when entering a new market: Labor, permitting, scalability

18:02 Why cross-department communication between acquisitions, renovation, and disposition drives profits

21:13 Bobby’s leadership motto: “Leave it better than you found it”

23:40 How to assess ROI and identify the “win” in any property

25:05 Building partnerships with wholesalers, investors, and industry peers

29:33 Defining your buy box and using data to scale deal pipelines

31:01 Leadership development at Offerpad: Investing in people, not just processes

Quotables

“Ownership matters more than anything. I’m not looking for finger pointers, I’m looking for people who own the problem and own the solution.”

“Leave it better than you found it. That applies to properties, to people, and to partnerships.”

“Turnover will crush your ability to scale. Build relationships that last.”

Links

Offerpad

https://www.offerpad.com/

RCN Capital

https://www.rcncapital.com/podcast

https://www.instagram.com/rcn_capital/

[email protected]

REI INK

https://rei-ink.com/

  continue reading

172 episodes

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