Today's guest is John Roy, the country's leading broker and consultant in parking lots and the head of JNL Parking.
In today's podcast, John tells us how he got his start in parking lots while he was a student — buying some dilapidated houses across the street from the Notre Dame football stadium, tearing them down and putting in parking lots instead.
And he also tells us why you should never do what he did to get started.Instead, like other real estate assets, John says to go for the current cash flow.
John has been featured on CNBC as a parking industry expert. He's co-written a book on parking acquisitions, and serves on the Board of the National Parking Association. John is often a featured guest speaker for the National Parking Association and other events throughout the country.
John specializes in teaching parking asset valuation. He helps investment groups acquire parking assets. He's a Certified Parking Professional (CPP), earned a bachelor's degree in finance from San Diego State University and an MBA from the University of Notre Dame.
Learn about the highly fragmented market of parking lots from John Roy in this episode of the Capital Gains podcast.