Podbit · BiggerPockets Real Estate Podcast
In a triple net lease, the tenant pays ALL property expenses — taxes, repairs, maintenance, every bill. For Remington, this meant predictable monthly cash flow with almost no surprises, making it far easier to underwrite than residential rentals.
Where this was said
At 30:00 · chapter starts 28:05
By 2022, Remington had 80 rental units, rising interest rates, a growing family, and a burning desire to simplify. He shifted his focus to commercial real estate, specifically targeting assets with triple net leases. His first major commercial play was a 24,000 square foot warehouse in Columbus, listed at $600,000, which he and a partner snapped up immediately [1] — Remington Lyman "24,000 sq ft warehouse commercial deal: Remington and a business partner purchased a 24,000 square foot warehouse listed at $600,000, inves…" 28:40 . They invested another $500,000 in renovation — no small feat on a building that had sat vacant for 30 years — and landed a 10-year triple net lease with a not-for-profit art studio backed by a major donor. The art studio quickly subleased interior studios to individual artists, became fully occupied within a month, and generated steady monthly cash flow. The neighborhood improved, local government supported the project, and the community benefited. A genuine win-all-around deal.
Remington and a business partner purchased a 24,000 square foot warehouse listed at $600,000, invested another $500,000 in renovation, and secured a 10-year triple net lease.
Finding deals and generating cash flow is the glamorous side of real estate. But Remington argues that tax strategy — Opportunity Zones, 1031 exchanges, state credits — is where generational wealth is actually built and preserved.
By buying his commercial warehouse in a designated Opportunity Zone, Remington can sell after 10 years and pay zero federal capital gains tax on the investment gains.
SiteGPT attracted over 1 million visitors and $500K in total revenue without spending a cent on paid marketing. The secret: engineering as marketing — building free tools that rank on Google.
Bhanu quit his first job after just 8 months, moved back to his parents' house to cut costs, and started building. One product sold for $250K; the next hit $10K MRR in its first month.
90% of SiteGPT's Google search traffic comes not from the main product but from ~50 free tools Bhanu built. Each tool targets a low-competition keyword and funnels users back to the paid product.
50,000 monthly visitors become 200 leads, 60 trials, and roughly 15–24 new customers per month at ~$100 average revenue each. Add a $1,700–$1,800 LTV and you have a very healthy SaaS.
Start with a blank Ahrefs search, layer in keyword filters (include term, KD < 10, volume > 1,000), list candidates in Notion, design a CTA linking to your main product, then score by volume, difficulty, build effort, and product relevance. That's the whole playbook.
Marketing feels painful for most builders. Engineering as marketing flips the script: instead of writing cold emails or blog posts, you build things — and those things rank on Google forever.
Don't spend months perfecting before launch. Ship the core feature, get real users, and let their feedback dictate the product roadmap. Premature polish is a trap.
SiteGPT launched and hit $10,000 MRR within its first month. That momentum was so overwhelming that Bhanu sold his existing SaaS, Feather, for $250,000 to free up all his time.
PropGPT launched with 20 downloads a day and strong influencer marketing but hit a ceiling at $1,000–$2,000 MRR. High download numbers masked a critical flaw: almost nobody stuck around after the free trial ended.
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