The Apartments Operators Podcast
Episode 122: I Prefer Smaller Multifamily Assets

Episode 122: I Prefer Smaller Multifamily Assets

May 26, 2021

Episode 122: I Prefer Smaller Multifamily Assets

  • Focusing on small properties can make you more money?
  • Why 3rd party management works for small properties.
  • Never trust your business to people just because they are friends of yours.
  • Finding property management who owns the same property class as yours can be a game changer.
  • Look for a property management company with the same goals as you.
  • Identify your management team before you acquire.
  • Look into the property management that is being used by the property near yours!
  • Stabilized assets vs value add - a shift in perspective?
  • How offering Wifi to your residents can help with delinquency.
  • You can't manage what you don't measure
  • Don't be afraid to take the first step, it's ok to mess up sometimes.
  • Sometimes you need to take the jump and hope the net will appear.

Website: https://www.mandymcallister.com/

Episode 121: Not all Third Party Management companies are born equal

Episode 121: Not all Third Party Management companies are born equal

May 20, 2021

Episode 121: Not all Third-Party Management companies are born equal

  • From accountant to Investor to multifamily Syndicator
  • How having a 3rd party management company can help you grow your portfolio.
  • How to attract and retain the right and long-term tenants!
  • Alina shares some of the challenges she faced with the 3rd party management.
  • Using storage unit rental to boost your income.
  • Residential vs Commercial Management Companies
  • How being pets friendly can help with tenant retention!

Websites: 

https://tempofunding.com/

https://www.samofinancial.com/about-us/

 

Episode 120: The Real Math Behind Self Management

Episode 120: The Real Math Behind Self Management

May 13, 2021
  • Ferras's journey from software to real estate
  • How to modernize 3rd party property management
  • It's better to know the ugly truth rather than have your investment go down the drain.
  • There's no quick fix!
  • There's less work with retention
  • The simple math behind renewals!
  • Perks of managing your own property and managing other people's properties at the same time!
  • How premiums can help your NOI
    Pennies add up to real money!

Websites: https://www.disruptequity.com/ feras@disruptequity.com

Episode #119: Operating while being a Mom!

Episode #119: Operating while being a Mom!

April 29, 2021
  • How Kelley leverages Multi Family to be a better mom!
  • From a lone ranger to 160 million multifamily partnerships
  • Know what your competitors are charging and never be afraid to test the waters and push boundaries
  • Renovation on demand is always a good way to go for value add
    In house staff and skilled workers is the more efficient way to operate
  • Realizing how you are forced to get creative when the going gets tough and learning how to handle it
    Tenant communication is one way to get through hard times and still maintain tenants retention
  • Partnering with a local organizations is a great way to connect with your community!

 

Websites: 

  • https://reimom.com/
  • https://greaterpurposecapital.com/
  • FB: annareimom
Episode 118: Quit the job you hate through Real Estate Investing

Episode 118: Quit the job you hate through Real Estate Investing

April 22, 2021

-How to go from hating your job to building a business you're passionate about
-Think ahead and plan for your retirement
-Focus on generating income or on allocating income
-Why Jack chose 3rd party management over self-management
-Lesson learned: Always dig deeper before selecting a management company
-Recommendations are important but do your own research.
-When selecting your management team it's important to interview the front liners (maintenance, leasing agent, managers, etc)
-Make sure that the people on the ground/site are well trained
-Why increasing rent helps you get better tenants
-More amenities = Added income
-Intangible value add is as valuable as the tangible ones.
-How to help others and help your community at the same time.

 

Websites: 
https://www.landprofitgenerator.com/
https://www.jackbosch.com/

Episode 117: Why choose a 3rd party management with Brian Hamrick

Episode 117: Why choose a 3rd party management with Brian Hamrick

December 4, 2020

-The importance of finding a 3rd party management that knows how to work with the type of assets you own
-Look for a team with an on-staff maintenance crew
-Good accounting systems are vital!
-Establishing a consistent communication schedule with your team
-5 things to ask yourself to figure out if you should replace your management team
-Why retention is the most efficient way to save money and increase income
-Importance of customer service for your tenants 

 

Website: www.higinvestor.com
Podcast: Rental property owner and real estate investor

Episode #116 : The 24 yr old Rockstar with David Toupin

Episode #116 : The 24 yr old Rockstar with David Toupin

November 19, 2020

- How to get started early.
- Management is a hands-on business
- It's surprisingly easy for the operations to go south if you're not paying attention to it.
- Execution is the key.
- Learn how to manage employees based on their performance not on your emotion.
- 3rd party over self-management?
- Do your due diligence.
- It's always a good thing to ask around or get referrals when selecting a management company.
- People is everything!
- Never expect that everything will be perfect.
- Having a clean and safe property might be a small thing but it can go a long way.
- Retention is key to operations success!
- Taking pride in the ownership.
- It's never the big things when it comes to retention, it's all about the million little things.
- Having a good referral program can decrease your expenses for advertising.
- Be eager to learn.
- Importance of buying right.  

 

obsidiancapitalco.com

IG: @realestatejedi

Episode #115: Proactive Management with Mike Woodfield

Episode #115: Proactive Management with Mike Woodfield

November 12, 2020
  • Focus on asset management
  • From self-management to 3rd party - Going the other way!
  • You got to have a solid budget to start self-management
  • Finding good property management by looking at their organizational structure.
  • Look for a company that has the resources to run the business.
  • Always look for a management company that pays attention to you before starting business with them.
  • It's better to get a smaller management company that's committed to your business needs
  • Never stop paying attention to your property even after getting a management team
  • Find a property manager who's core business is concentrated in your property area
  • How to work with multiple management companies
  • Know the 4Ps - People, Product, Price, Promotion
  • Always know your market
  • How a mini model can make a big impact on your occupation rate.
  • Importance of Secret Shopping your team.
  • Why Retention should be emphasized more than leasing
  • mike@obsidiancapitalco.com
  • https://www.obsidiancapitalco.com/
Episode #114 - Operating a 3,000 units portfolio with Brian Burke

Episode #114 - Operating a 3,000 units portfolio with Brian Burke

August 21, 2020
  • The acquisition phase will take you 2-6 months but the operation part will be from 6 to 60 years! 
  • Residential and industrial will be the shining star for this pandemic.
  • You need 3rd party management for experience, contact, network and marketing.
  • An efficient Technological infrastracture can help you manage and track everything to know what's going on.
  • Constant communication is key. 
  • It's better to get somebody who has enough expereince to guide you rather than to learn things the hard way and lose money. 
  • Somebody who knows what their doing will always do better than someone who just started. 
  • www.investwithpraxis.com
  • www.praxcap.com
  • www.biggerpockets.com
  • @investorbrianburke - IG
  • @praxcap
Episode #113 - ​What to look for in a property management​ with Steve Firestone & Michelle Fischer​

Episode #113 - ​What to look for in a property management​ with Steve Firestone & Michelle Fischer​

August 13, 2020
  • Making the transition from 3rd party to self-management
  • Know what  to look for in a manager
  • Get someone who knows what they're doing, not just a warm body.
  • Don't hire based on how they talk, verify they can actually perform.
  • Find out what you are doing wrong and learn from it.
  • Always give back to your tenants
  • Be firm and approachable at the same time.
  • Company efficiency is a sure way to save.
  • Utilities ARE controllable!
  • "You are not leasing apartments, they are just boxes, you are leasing customer service"
  • How to get leads for free!
  • and much more!

https://www.crownbaygroup.com/

info@crownbaygroup.com

 

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