The Multifamily Real Estate Experiment Podcast

MFREE 130 Trailer # 2 with Stewart Heath: What Really Shapes Success Beyond the Numbers?

Shelon Hutchinson Season 3 Episode 130

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Aloha, It’s Shelon "Hutch" Hutchinson here! If you’re enjoying 'The Multifamily Real Estate Experiment' podcast, please like, comment, and share our episodes to help us reach and inspire more people. Thank you for your support!

The Focus Round gave us a different look at Stewart. 🎯

From walking real estate for fun 🏢 to the late-night tax season realization that pushed him toward investing, his journey has been shaped by paying attention to what was happening around him.

One lesson became especially important along the way: communicate early and communicate often. 🗣️

Stewart admits that communication was not always one of his strengths. Experience taught him that investors, tenants, and the people depending on your leadership should not have to wonder what is happening.

And today, his definition of success has changed too. It is less about simply making more money and more about building assets his children may one day benefit from and potentially pass forward to the next generation. 👨‍👩‍👧‍👦🏢

That is a powerful shift in mindset.

Success is not only about what you build for yourself. It is also about what your decisions, habits, and communication allow you to build for the people coming after you. 💭💪🏾

#RealEstateInvesting #Leadership #GenerationalWealth

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Email me at:
hutch@hsquaredcapital.com

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Shelon Hutchinson

Stewart I wanna go to the focus round, man. It's a quick acronym as we wrap up the show. what do you typically do for fun?

Stewart Heath

For fun?

Shelon Hutchinson

Yeah.

Stewart Heath

Huh. Honestly, I go look and walk on real estate. I enjoy boating and going to the beach and stuff like that.

Shelon Hutchinson

What is one opportunity that changed, your trajectory, man?

Stewart Heath

I had all these clients, and they're all doing these real estate but I noticed my clients aren't paying any taxes. the real, they're getting all this depreciation stuff. And finally, it dawned on me and said, why aren't I doing real estate? But that was the epiphany that made me start looking at this, and ultimately, had me buy my first duplex-

Shelon Hutchinson

What is one of your biggest communication tip?

Stewart Heath

A communication tip. Not to be flippant, but communicate. communicate early and often. Often. when I think about communication, I think about my investors and my tenants. and I really can't communicate enough. and so we communicate with both of those groups, all the time.

Shelon Hutchinson

What is one thing you wish you understood earlier?

Stewart Heath

Communication Communication, okay I was always lousy at it and then, had a few investors have been in my ear and said, "Well, you didn't tell us that." I'm, You're right, I didn't, and I should have." So now I've gone completely to the other extreme,

Shelon Hutchinson

It's awesome, man. So at this point, man, after, navigating the CPA world for tens of years and now in real estate, what does success look like for you?

Stewart Heath

These days, and, once you're a parent, it seems as though your kids are everything. Yeah. I'm just trying to build up value. I'm having fun. I'm making enough money. And so now I'm just buying and trying to build, I hate the word legacy, but I'm trying to build assets that my kids will be able to enjoy, when I'm gone. So to be able to leave them some assets that maybe they'll leave to their kids.