Wealth Independence Podcast
The Wealth Independence Podcast guides high-income tech professionals through proven strategies for building passive income and achieving true financial independence.
Hosts Dustin Bailey and Adam Penn share battle-tested frameworks, real-world case studies, and hard-won lessons from their years of experience in private markets and alternative investments. Each week, they break down complex investment concepts, analyze current market trends, and interview successful investors and industry experts.
Through a freedom-first approach that emphasizes passive income, smart diversification, and thorough due diligence, learn how to shorten your learning curve and avoid common pitfalls on their path to financial independence.
Whether you're looking to understand private placements, real estate fundamentals, or alternative investment opportunities, Wealth Independence delivers actionable insights that help busy professionals make informed investment decisions.
Submit feedback or questions (copy & paste into your address bar): https://forms.gle/wbSFfEgSBKq4fCEt9
Wealth Independence Podcast
v1.49 - No Investor Left Behind: Ratio Utility Billing System (RUBS)
In this “No Investor Left Behind” episode, Dustin and Adam demystify RUBS (Ratio Utility Billing System) and explain how this common multifamily value-add strategy can significantly increase a property's net operating income and valuation.
Using a practical example, they demonstrate how implementing a $40 per unit monthly utility billback across 20 units can add approximately $160,000 in property value when calculated at a 6% cap rate.
The discussion covers different RUBS approaches, from occupancy-based formulas to flat-fee structures. Dustin and Adam emphasize the critical importance of market analysis before implementing RUBS, explaining that success depends heavily on whether utility billback is common and expected in the target market. They also provide guidance for passive investors on how to evaluate this strategy in a syndication business plan.
Watch episode on YouTube: https://www.youtube.com/watch?v=sMH-EBE-Wzg
See all Wealth Independence episodes at https://www.wealthindependencepod.com
Connect with Dustin:
Connect with Adam:
This show is for informational purposes only and is not financial, investment, legal, or tax advice, and does not constitute an offer to buy or sell securities. All investments carry risk, and investors should always conduct thorough due diligence and consult with qualified professionals before investing.
