# Shattering Real Estate Industry Norms and Reshaping Affordable Housing with Mike Kaeding > Episode 21 of the WELLthy Investor Podcast - **Published:** 2024-08-22 - **Duration:** 01:02:36 ## Description Mike Kaeding is shattering industry norms in real estate by slashing construction costs, revolutionizing affordable housing, and balancing professional success with personal well-being. A must-read for anyone seeking true wealth and wellness. Contact Mike Kaeding Norhart.com⁠ ⁠LinkedIn⁠ ⁠Face ## Chapters - 00:03 -- - Introduction to The WELLthy Investor Show - 00:15 -- - Introduction to Mattias and Erica as Hosts - 00:20 -- - Discussion of Recent Family Trip to Switzerland - 00:39 -- - Challenges of Traveling with Kids - 01:44 -- - Mattias's Swiss Family Background - 02:26 -- - Reflections on Swiss Family Farm Visit - 03:32 -- - Cultural Experiences and Memories in Switzerland - 06:17 -- - Emotional Connection to Switzerland for Mattias - 07:28 -- - Swiss Family Reunion Experience - 08:01 -- - The Unique Swiss Greeting and Farewell Tradition - 09:10 -- - Reflecting on the Importance of Family Experiences - 09:53 -- - Returning to Routine and Productivity After Travel - 10:42 -- - Getting Back to Physical Fitness and Daily Routines - 11:36 -- - Introduction of Episode Guest: Mike Kaeding - 12:15 -- - Mike Kaeding’s Background in Real Estate Development - 14:19 -- - The Challenges of Minnesota Winters - 15:23 -- - The Origin of Kaeding’s Real Estate Career - 16:26 -- - Family Business and the Motivation for Growth - 17:23 -- - The Passing of Kaeding’s Father and Transition to CEO - 18:07 -- - Discussion on Rent Control and Housing Affordability - 20:00 -- - Kaeding’s Strategy to Lower Housing Costs - 22:00 -- - The Challenges of Development and City Regulations - 24:16 -- - Kaeding’s Experience with Development Project Rejections - 25:29 -- - The Financial Risks of Development - 26:15 -- - Kaeding’s Strategy to Reduce Construction Costs - 28:08 -- - Applying Manufacturing Techniques to Real Estate Development - 29:14 -- - The Importance of Team Collaboration in Construction - 29:34 -- - Kaeding’s Approach to Hiring and Building a Strong Culture - 31:53 -- - Creating a Community at Work - 32:21 -- - Overview of Kaeding’s Large and Diverse Team - 33:11 -- - Reflection on the Growth and Success of the Company - 34:11 -- - The Magic of Achieving Low Costs in Real Estate Development - 36:17 -- - Expanding Capital Raising Efforts: Reg A and International Fund - 37:18 -- - Understanding the Reg A Investment Approach - 38:54 -- - Overview of Kaeding’s Portfolio and Property Management Strategy - 40:54 -- - The Importance of Hiring the Best for Property Management - 41:53 -- - Advice for Small Businesses on Hiring - 45:47 -- - Kaeding’s Passion for Problem-Solving - 47:27 -- - Introduction to Kaeding’s Family - 48:14 -- - Balancing Family Life with Work Demands - 50:51 -- - Intentionality in Balancing Work and Family Life - 53:30 -- - Reflections on the Importance of Family Time - 54:23 -- - How Kaeding’s Father’s Death Shaped His Perspective on Life - 55:14 -- - The Value of Travel and Family Experiences - 56:56 -- - The Importance of Freedom and Family Experiences - 57:39 -- - Kaeding’s Sunday Running Routine and Other Personal Habits - 59:29 -- - The Connection Between Physical Activity and Problem Solving - 1:00:03 -- - Kaeding’s Favorite Book: No Rules Rules by Reed Hastings - 1:01:29 -- - Final Thoughts and Gratitude - 1:01:49 -- - How to Connect with Mike Kaeding and Invest in Norhart - 1:02:18 -- - Conclusion and Podcast Sign-Off ## Show Notes Mike Kaeding is shattering industry norms in real estate by slashing construction costs, revolutionizing affordable housing, and balancing professional success with personal well-being. A must-read for anyone seeking true wealth and wellness. Contact Mike Kaeding Norhart.com⁠ ⁠LinkedIn⁠ ⁠Facebook⁠ ⁠Instagram⁠ ⁠X⁠ (00:03) - Introduction to The WELLthy Investor Show (00:15) - Introduction to Mattias and Erica as Hosts (00:20) - Discussion of Recent Family Trip to Switzerland (00:39) - Challenges of Traveling with Kids (01:44) - Mattias's Swiss Family Background (02:26) - Reflections on Swiss Family Farm Visit (03:32) - Cultural Experiences and Memories in Switzerland (06:17) - Emotional Connection to Switzerland for Mattias (07:28) - Swiss Family Reunion Experience (08:01) - The Unique Swiss Greeting and Farewell Tradition (09:10) - Reflecting on the Importance of Family Experiences (09:53) - Returning to Routine and Productivity After Travel (10:42) - Getting Back to Physical Fitness and Daily Routines (11:36) - Introduction of Episode Guest: Mike Kaeding (12:15) - Mike Kaeding’s Background in Real Estate Development (14:19) - The Challenges of Minnesota Winters (15:23) - The Origin of Kaeding’s Real Estate Career (16:26) - Family Business and the Motivation for Growth (17:23) - The Passing of Kaeding’s Father and Transition to CEO (18:07) - Discussion on Rent Control and Housing Affordability (20:00) - Kaeding’s Strategy to Lower Housing Costs (22:00) - The Challenges of Development and City Regulations (24:16) - Kaeding’s Experience with Development Project Rejections (25:29) - The Financial Risks of Development (26:15) - Kaeding’s Strategy to Reduce Construction Costs (28:08) - Applying Manufacturing Techniques to Real Estate Development (29:14) - The Importance of Team Collaboration in Construction (29:34) - Kaeding’s Approach to Hiring and Building a Strong Culture (31:53) - Creating a Community at Work (32:21) - Overview of Kaeding’s Large and Diverse Team (33:11) - Reflection on the Growth and Success of the Company (34:11) - The Magic of Achieving Low Costs in Real Estate Development (36:17) - Expanding Capital Raising Efforts: Reg A and International Fund (37:18) - Understanding the Reg A Investment Approach (38:54) - Overview of Kaeding’s Portfolio and Property Management Strategy (40:54) - The Importance of Hiring the Best for Property Management (41:53) - Advice for Small Businesses on Hiring (45:47) - Kaeding’s Passion for Problem-Solving (47:27) - Introduction to Kaeding’s Family (48:14) - Balancing Family Life with Work Demands (50:51) - Intentionality in Balancing Work and Family Life (53:30) - Reflections on the Importance of Family Time (54:23) - How Kaeding’s Father’s Death Shaped His Perspective on Life (55:14) - The Value of Travel and Family Experiences (56:56) - The Importance of Freedom and Family Experiences (57:39) - Kaeding’s Sunday Running Routine and Other Personal Habits (59:29) - The Connection Between Physical Activity and Problem Solving (1:00:03) - Kaeding’s Favorite Book: No Rules Rules by Reed Hastings (1:01:29) - Final Thoughts and Gratitude (1:01:49) - How to Connect with Mike Kaeding and Invest in Norhart (1:02:18) - Conclusion and Podcast Sign-Off -- Stay in touch with The WELLthy Investor show: https://linktr.ee/thewellthyinvestor ## Links - [Listen on web](https://anchor.fm/s/f92ea708/podcast/play/90748770/https%3A%2F%2Fd3ctxlq1ktw2nl.cloudfront.net%2Fstaging%2F2024-7-22%2F385158350-44100-2-926cfb5e05565.mp3) - [Watch on YouTube](https://www.youtube.com/watch?v=AecaZ32oHJo) - [Full HTML version](https://reiagent.com/episodes/ep-021-shattering-real-estate-industry-norms-and-reshaping-affordab/)