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 10, 2020
Friday Jul 10, 2020
- Why B class properties are in trend
- Third property management provide stability with data.
- How to start a property management company.
- The right person starts everything.
- The company is about the quality of the team you have.
- Standardize the set of tools that you need to use for your company.
- Going long with investments protect you from unforeseen situations.
- Only partner with people who have partnership stake.
- Learn why word of mouth is the best advertisement.
- and more!
https://www.multifamgroup.com/
Friday Jul 10, 2020
Friday Jul 10, 2020
- Your accountant hold the company.
- Regional management reduces risks
- Solution thinking is better than blaming mindset.
- Building rapport with your employees helps your company perform
- Giving back a small amount to your tenants will do big for your company.
- Tenant incentive might be the next big thing.
- Learn effective cost-cutting ideas
- What to know before buying your first property!
- and more!
http://wolfe-investments.com/
Thursday Jul 09, 2020
Thursday Jul 09, 2020
- Value add strategies
- Focus more on asset management
- Balance flexibility and growth
- A property management can break or make your company so you have to pick the right one.
- Match your management company to your property. No One-Size fits all management companies.
https://www.disruptequity.com/
Thursday Jul 09, 2020
Thursday Jul 09, 2020
- Why management experience matters more rather than number of doors in a 3rd party management company.
- Get a property management that suits your business,
- Partner with someone who is flexible enough to meet your needs.
- Timing is everything when it comes to marketing
- Your management should be tailored to the demographic of your tenants.
- How students housing is a different animal than conventional multifamily
Thursday Jul 09, 2020
Thursday Jul 09, 2020
- Buying properties is easy but operating it is the real challenge.
- Delegating is the key to expanding your business
- Nobody will take better care of the property other than the owner.
- You have to hire problem solvers and growth oriented individuals.
- Hire people for their mind set. Talent over Skill!
- Foster a collaborative environment, a work place is not a competition.
Thursday Jul 09, 2020
Thursday Jul 09, 2020
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Knowing the difference between investing and speculating
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Investing should either be like watching the grass grow or watching the paint dry.
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Hire slow but be ready to fire fast.
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Get people who can communicate effectively.
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Trust your gut and work with it.
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A property is more than boxes, make it the tenants’ home and encourage them to form a community.
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Investing in commercial property is the most stable way to build wealth and save on taxes.
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Growing from operators to fund managers
howtolosemoney.com
wellingscapital.com
Thursday Jul 09, 2020
Thursday Jul 09, 2020
- Pros and cons of 3rd party vs self-management
- What to look for in a property manager/partner
- Can 3rd party management help you grow your portfolio?
- Great maintenance equals happy tenants!
- How good advertisements can help your business
- and more!
https://themillenniacompanies.com/
Thursday Jan 30, 2020
Thursday Jan 30, 2020
- Value add strategy
- Third Party management is important to growth
- On-site retention strategies
- Physical occupancy vs. economic occupancy
- Increasing income without raising rates
- and more!
Thursday Jan 30, 2020
Thursday Jan 30, 2020
- No one looks at your property the same way you do
- Proximity is power
- Best hires often come from referrals
- The best value-add properties are poorly managed properties
- Sometimes you need to lower rates to increase occupancy
- Don’t fear making mistakes
- Be proactive not reactive
- It’s not us vs. them when it comes to your tenants
- Think about your tenants as customers
- and more!
Wednesday Jan 29, 2020
Wednesday Jan 29, 2020
- Don’t add unnecessary challenges into your first deals
- Your second deal is easier than your first
- Broker relationships are key
- Leverage relationships when buying new properties
- Proactive property search
- Lean heavily on a good management company
- If you want to get the truth of what is going on talk to those who are in it on a daily basis
- Headaches to return ratio
- You can’t set it and forget it with management companies
- Leveraging vendors
- Amenity supply and demand
- Hardening units
- and more!