Build vs. Buy
Rowland Hobbs, founder and CEO of Stake, joins the show to talk about his startup background and Stake’s mission to help renters build wealth amid rising rents. Stake offers cash-back and financial services across a network of about 550,000 homes, including free checking that rewards rent payments and credit building by reporting on-time rent to the three bureaus, benefiting renters while reducing landlord delinquencies. Rowland explains Stake’s model, funded by landlords for leasing plus banking, brand, property, and government partners, including Colorado Renter Rewards. For a build-vs-buy decision, Stake tested distributing renter incentives through rental brokers, saw higher lease conversions, and acquired the largest Texas rental brokerage, Yu Move Free, to accelerate go-to-market and onboard renters into Stake’s broader platform. 00:00 Welcome and Introductions 01:02 Roland’s Startup Journey 02:13 Photo Startup Lessons 03:56 What Stake Does 05:06 Business Model and Network 08:24 Build Versus Buy Setup 08:49 Testing Brokers Then Buying 10:49 Rental Brokers Explained 14:01 Why Acquire Not Build 19:08 Costco Model for Renters 22:07 Deposits and Trust 24:05 Favorite Recent Purchases 26:46 Personal Growth and Yoga 28:18 Closing and Farewell This episode was brought to you by Anvil [https://useanvil.com].
28 episodios
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