Welcome to the Apartments Operators Podcast where you can learn from experienced operators what it really means to be apartments operators. No fluff, no sugar coating, just the raw unfiltered truth of the ups and down of operating multifamily communities. We gathered a phenomenal group of operators for you that share not only the upside of a multifamily operator but also the downside, the challenges and the surprises this business keeps coming up with.
Episodes
Friday Jul 05, 2024
Friday Jul 05, 2024
Join Josh Appelman as he shares insights into revitalizing multifamily properties through strategic repositioning and hands-on management. Discover how his team targets distressed assets, implements extensive renovations, and achieves sustainable growth in competitive markets like Cincinnati and Dayton. From overcoming challenges with property management to enhancing tenant retention through superior service, Josh discusses the meticulous approach that propels his portfolio towards long-term success.
00:00
00:22 Introducing our guest: Josh Appelman
03:15 Self management or Third party management?
05:30 Finding the right people?
08:26 You've got to have competent people.
09:00 The importance of setting goals
11:21 Ways to increase income in multifamily
14:52 Pets, Pets, Pets!
16:19 It's crucial to constantly monitor your expenses!
23:43 It boils down to service
26:47 Confidence comes from competence
32:24 2025 Multifamily and economy Outlook
33:45 Taxes and Insurance - We're all hurting!
40:20 Advice to your younger self.
Company: Appelman Capital
Appelmancapital.com
FB: Josh E. Appelman
Wednesday Apr 17, 2024
Wednesday Apr 17, 2024
In this episode of the Apartments Operators Podcast, our hose, Joseph Gozlan, is joined by Steven Weinstock, a very experienced multifamily operator that brings a perspective of an investor/operator spanning across two full cycles!
Steven owned anything from small 2-4 units properties to large apartment communities and shares his experience over the last couple of decades and his insights about where the market is going in 2024.
00:00
01:34 How Steven got started investing in real estate
02:50 Why Steven chose self manage
04:28 Setting up a Management Structure
07:12 Steven's approach to screening tenants
10:13 finding good people for your property
12:19 There's just no replacement for experience
16:36 Tenants Retention
32:40 2024 Market Outlook
35:36 Advice to my younger self
37:25 It's great to buy!
38:27 Real estate is better when you play a 15 years game!
Thursday Sep 21, 2023
Thursday Sep 21, 2023
00:48 Who is Aaron Ford?
03:59 Aaron's Hybrid Model Management
06:41 How the hybrid system works
11:28 What asset types Aaron prefers
16:24 Why only the top operators are going to survive the coming recession
17:03 It's a cycle
26:20 Why interest going down is not exactly the good sign everyone thinks it is
29:40 How to create a "community" for small properties
37:39 Advice to younger self
39:28 Advice to starters
41:13 Aaron's Contact information
Website: securemultifamily.com
Monday Jun 26, 2023
Monday Jun 26, 2023
Thanks to travel delays I missed my flight to NC and thus didn't get to present this on the 2023 MFINCon so I recorded it and put it out here for everyone that wanted to participate in my session.
01:05 Introduction
01:51 Joseph Gozlan of EBG
04:07 Hear directly from our expert guests
05:44 The Decision
09:01 The Challenge
14:39 The Horror Stories
19:41 The Math
24:02 Self-Management
25:19 The Current Market
29:28 Quick Tips!
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This is an episode of The Apartments Operators Podcast where you can learn from experienced operators what it really means to be apartment operators.
No fluff, no sugar coating, just the raw unfiltered truth of the ups and downs of operating multifamily communities.
Our host, Joseph Gozlan, is an experienced owner/operator and a multifamily broker living in Texas. We gathered a phenomenal group of operators for you that share not only the upside of a multifamily operator but also the downside, the challenges, and the surprises this business keeps coming up with.
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------------------------ LINKS ------------------------------------------------------------------
The Apartments Operators Podcast website: https://www.AptOpr.com
All The Apartments Operators Podcast Episodes on YouTube: https://www.youtube.com/watch?v=YIZzxCrT_fY&list=PL5SEY4gVQHKJXfy70oeq7f5AGm_m5VOf1
Eureka Business Group: https://www.ebgtx.com
EBG Creative:https://www.EBGCreative.com
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Tags: #realestate, #realestateagent, #realestateadvice, #realestatepodcast, #realestatebrokerpodcast, #multifamily, #realestateinvestment
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Thursday Jun 22, 2023
Thursday Jun 22, 2023
Ken and Rachel Wick join Joseph Gozlan, Host of the Apartments Operators Podcast, and share their journey from career educators to multifamily owners and operators!
00:00
00:39 The Wicks Background
03:49 How do you choose a third-party management company?
06:52 Treat your property management company as your quarterback
09:08 Thoughts about starting your own property management
17:17 How the Wick couple execute their value add plans
21:56 Introduce a residents benefits package
23:26 Knowing your property management skills and capabilities is another way to save costs
27:00 Resident Retention initiatives the Wicks like to embed in their communities
35:04 Advice to younger self
Ken and Rachel Wick's details:
Website: www.higherpointinvesting.com
Email: contact@higherpointinvesting.com
Friday Jun 09, 2023
Friday Jun 09, 2023
Joining Joseph Gozlan, host of the Apartments Operators Podcast, Ed Modzel shares how he started his multifamily journey when he turned 60(!) showing that it's really never too late to start investing in multifamily.
00:00
08:25 Ed's Process of Hiring a Property Management Company
10:09 Why you really shouldn't move to the property you're managing!
11:40 The most successful properties that we have are ones that we self-manage
12:59 Self-Management saved us from the COVID downfall
15:59 Before you hire a manager, you should make sure that they buy into your business plan
18:52 How does Ed work with his management team
20:03 The magic of using charts
41:35 Advice to younger self
Ed Modzel's website:
https://www.gimmeshelterequity.com/
Tuesday Apr 11, 2023
Tuesday Apr 11, 2023
Eric Upchurch joins host Joseph Gozlan on the Apartments Operators Podcast to share his journey from enlisted to owning & controlling a large portfolio of apartments! Eric started his real estate investing while being on Active Duty and has since created an organization dedicated to educating Active Duty members of the armed forces about the benefits of investing in real estate and helping them get started while still on active duty!
00:00
00:39 How Eric got started with real estate
02:37 Becoming an accidental landlord
04:14 We always use third party management
04:30 When hiring a new 3rd party management company, its always good to cross-reference
05:25 never hire a part-time realtor as your property manager
06:08 you want a property management that manages the same asset class that you are buying
12:27 Pro tip: Check the reviews of the community you're buying!!
20:59 There's money in everything, even in the garbage!
40:14 Advice to younger self
militaryrealestateinvesting.com
activedutypassiveincome.com
ericupchurch.com
IG: real Eric Upchurch
Monday Apr 03, 2023
Monday Apr 03, 2023
Tiffany Mittal joins Joseph Gozlan on the Apartments operators podcast to share her multifamily journey. From running section 8 properties in California to the realization that they need to move away to landlord-friendly Florida where they teamed up with Grant Cardon to develop an easier way for small multifamily operators to implement RUBs using their proprietary software called Utility Ranger.
00:00
04:42 Managing section 8 properties
05:21 Not all Section 8 tenants are equal
09:37 When selecting a 3rd party management company, look for one whose majority of their managed portfolio is similar to yours.
10:52 You must have control of the day-to-day operations
13:17 How to not leave a bunch of money on the table
26:01 Fixed utilities Fees Cons vs Pros
27:14 RUBS formula is NOT so easy
35:07 Advice to younger self
Tiffany Mittal's website: https://utilityranger.com/
Episode 133 Show Notes:
Wednesday Mar 15, 2023
Wednesday Mar 15, 2023
James Kandasamy Joins host Joseph Gozlan on the Apartments Operators Podcast to share his multifamily Journey. James has syndicated, purchased, and sold thousands of units, self-managing from day one(!). James shares the benefits and challenges that come with self-managing thousands of units and why he chose to do a hotel conversion (spoiler: he made a LOT more money than conventional multifamily value-add) and why he now does a ground-up new construction of a large-scale multifamily community.
00:00
00:57 Getting started
02:14 we started self-management from day one!
05:53 Pro-Tip: looking for contractors in Craig's List
08:03 Why we stopped using GCs
10:31 It's really hard to get it right in the beginning
17:25 We want to take the management upside first
18:12 Renovating 101: kitchen & bathrooms are always the highest priority
20:54 Fixed fee utilities vs. RUBS.
25:11 Finding the right people
26:58 Expecting your team to operate at a standard that is much higher than the pay grade.
28:40 Only the top operators will survive the next few years!
31:00 we're gonna see some interesting buying opportunities coming up in the next couple of years
41:10 Hiring tip: passion and ownership are more important than knowledge.
44:55 new development is the ultimate game in real estate
50:58 Advice to young self: get out of your network!
achieveinvestmentgroup.com
passiveinvestinginrealestate.com
Friday Mar 10, 2023
Friday Mar 10, 2023
Description:
- 00:40 Start of the Journey
- 01:33 Pay check is just not enough
- 05:01 They're doing a lot of surgical work with a spoon
- 05:59 the biggest challenges in the industry when it comes to third party property management
- 07:32 There's big disconnect between third party management companies and people that are buying value
- 08:48 The only thing that goes in favor of the bigger companies
- 09:10 we're operators, we're owners, we're investors.
- 13:47 field team and office team
- 16:17 It starts to get convoluted.
- 16:43 it's a whole nother thing to actually be successful at it
- 20:32 we try to swim in the same direction as the municipalities because of it.
- 21:10 even if it's not broke right now, We fix it
- 23:47 invest the CapEx upfront
- 28:44 what advice do you give your younger self?
- 30:32 scaling too quickly can kill you
- 31:22 2023 Outlook