Multifamily real estate is a business. Problem is your business is not as profitable as it should be. Units are sitting vacant, expenses are over budget and unhappy residents are leaving your property and blowing you up with bad online reviews. Meanwhile, you can't get your property management partner to help you solve any of it. All of this has you stressed out and worried that your investment is at risk. Sound familiar? The Operate for Profit Real Estate Podcast will help you change all of ...
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Here's how to find the BEST property management company for your apartment complex.
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26:09Here's how to find the BEST property management company for your apartment complex. The property management team you choose can make or break your multi-million multifamily investment. This week we talk about the 4 things you should look for when deciding who to hire and how to avoid picking a firm that's stuck in the dinosaur ages. If you own apar…
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Want to be a mega successful multifamily real estate owner-operator?
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28:23Want to be a mega successful multifamily real estate owner-operator? This week we talk with Albert M. Berriz, CEO of The McKinley Companies, which owns and operates a $4.5 billion dollar portfolio of 20,000 apartment units about the two things you must focus on NOW in order to achieve long term success as an owner-operator and to survive the next d…
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Resident retention starts the day your renter moves in, not at renewal notice.
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17:04Resident retention starts the day your renter moves in, not at renewal notice. Getting more of your residents to renew their leases will turbocharge operating profits at your multifamily property. The problem is most owners and managers only focus on renewals at the end of the current lease. This week we talk about why renewing your resident starts…
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Every non-renewing resident is costing you thousands of dollars in lost opportunity.
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22:40Every non-renewing resident is costing you thousands of dollars in lost opportunity. What if you could predict who was more likely to stay or go before sending a renewal offer? This week we talk with Vidur Gupta, Founder & CEO of Beekin about how you can leverage data analytics and machine learning to convert more lease renewals at higher rental ra…
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Need to generate more prospect traffic at your multifamily property?
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25:45Need to generate more prospect traffic at your multifamily property? This week we talk with Brianna Quezada of Resident360 about why Google Ads is the best way to generate instant paid traffic at your apartment property with no long term contracts. Simply spend what you need when you need to. Brianna also discusses how Google Ads work and what you …
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How can prop-tech and back office virtualization help you increase profits?
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24:11How can prop-tech and back office virtualization help you increase profits? This week we talk about operating your multifamily property in a post-pandemic world and why leveraging technology and back office virtualization are the keys to keeping your onsite staff happy and focused on maximizing your profits. If you own apartments in Dallas Fort-Wor…
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Are you struggling with onsite staff that can't lease your apartment units?
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33:16Are you struggling with onsite staff that can't lease your apartment units? Improving your close rate by just a few percentage points can dramatically improve your bottom line. This week we talk with Matt Easton of Leasing University about some simple steps to turn your onsite staff into leasing superstars trained to close more deals by handling ob…
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How much money is your multifamily property losing from a bad online reputation?
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28:50How much money is your multifamily property losing from a bad online reputation? This week we talk with Jay Parsons, Deputy Chief Economist at RealPage about a recent study that proves a direct correlation between a property's revenue and something called it's Online Reputation Assessment (ORA) score. Listen to this episode to find out how you can …
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Multifamily market predictions from a $1B owner-operator in Texas.
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33:49Multifamily market predictions from a $1B owner-operator in Texas. This week we talk with Michael Becker, Principal at SPI Advisory for a real time look at multifamily performance in a post-pandemic economy. Michael talks about what he's seeing in rent growth, lease trade outs and key challenges on the operational side heading into 2022. Velo Resid…
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What amenities bring the most value to your multifamily property?
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29:09What amenities bring the most value to your multifamily property? This week we talk with Shane Thomas of Catalyst Equity Partners about how he uses resident feedback to help him decide what amenities to include in his multifamily renovation plan. Shane also shares a powerful story about the impact of improving safety and security as part of an effe…
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Are you struggling to track performance at your multifamily property?
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13:45Are you struggling to track performance at your multifamily property? This week we discuss how to use simple Key Performance Indicators (KPIs) to help you quickly identify and solve problems at your multifamily portfolio without spending countless hours reviewing detailed property management reports. Velo Residential provides expert property manage…
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Are spiking expenses creating a profit squeeze at your multifamily property?
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12:58Are spiking expenses creating a profit squeeze at your multifamily property? This week we talk about why having happy onsite staff is key to increasing your operating profits and what steps you can take to keep them doing more of what they love and less of what they don’t. Velo Residential provides expert property management and renovation services…
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Operating for profit means operating with empathy.
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35:40Operating for profit means operating with empathy. Learn why putting your renter's hat on will turn your apartment property into a profit machine. This week we talk with best selling real estate author Brian Murray about how he's built one of the fastest growing commercial real estate companies in the nation by following a simple rule - treat your …
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Is your multifamily property suffering from a lack of prospect traffic?
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34:53Is your multifamily property suffering from a lack of prospect traffic? The greatest leasing team in the world can’t rent your unit if they have no one to sell to. This week we talk with Josh Grillo, President of Resident 360 about how to create a simple, cost effective marketing plan that will jump start prospect traffic and boost occupancy at you…
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Here’s why your property’s website is losing you money.
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30:02Here’s why your property’s website is losing you money. When a customer is ready to buy, you need to be ready to sell. Today we talk with Robert Turnbull, Founder and President of Betterbot about how their multifamily Chatbot enables your prospects instantly engage and self schedule a property tour on your website, freeing up your onsite staff’s va…
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Are you overpaying Uncle Sam at your multifamily property?
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26:36Are you overpaying Uncle Sam at your multifamily property? Knowing when to capitalize an expense and when not to can help you minimize taxes and maximize your sales proceeds. This week we talk with Brandon Hall, Founder & Managing Partner of The Real Estate CPA company, about some simple techniques to properly categorize expenses at your apartment …
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Are you struggling with high employee turnover at your apartment property?
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11:12Are you struggling with high employee turnover at your apartment property? Happy onsite staff are essential to maximizing sustained profitability and increased resident retention. The PROBLEM is your management partner is using outdated systems that place a huge amount of back office work on your staff, leading to employee burnout and turnover. Thi…
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Is your multifamily property wasting money on advertising that doesn't convert?
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32:15Is your multifamily property wasting money on advertising that doesn't convert? Your biggest source of prospective renters might be FREE. The PROBLEM is your management partner can't tell you where your converting traffic is coming from, forcing you to spend advertising dollars blindly. This week we talk with Nat Kunes and Stacy Holden of Appfolio …
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Is Your Multifamily Property Operating for Maximum Profit?
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9:16Is Your Multifamily Property Operating for Maximum Profit? Owning multifamily real estate can be a very rewarding business. The PROBLEM is your business is not as profitable as it should be. Check out our newly rebranded Velo Residential Operate for Profit Real Estate Podcast where we talk about our mission to help multifamily owners make more mone…
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How to Save Money Using Solar at Your Apartment Property
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33:15Ever thought about installing solar power at your apartment property? Cutting your home electric bill with solar has become fairly common. But does the investment make sense for large scale multifamily? Today we talk with Todd Franks of Greystone Investment Sales Group about how he was able to leverage available tax incentives to install solar and …
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How to Eliminate Your Taxes By Qualifying as a Real Estate Professional
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33:13Is it really possible to eliminate your taxes as a real estate investor? You can if you qualify as a Real Estate Professional (REP) under IRS regulation. SPOILER ALERT There's mass confusion on how it works and using it improperly could cost you huge dollars in back due taxes and penalties with Uncle Sam. Today we talk with Brandon Hall, CEO of The…
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How to Protect Your Multifamily Assets in a Downturn
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23:47Are your multifamily investments at risk in these uncertain times? Apartment properties have shown great resilience in this recession. But there are signs of stress in the market. Average occupancies are down and rent growth has stalled. Meanwhile extended unemployment benefits ended and the economic recovery is losing steam with a big election aro…
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Why You Need to Run Background Checks on Your Business Partners
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26:19Stop. Don't invest your hard earned dollars until you do one simple thing... You've found a solid real estate investment that checks all the boxes. The company is credible and you've analyzed their business plan, scrutinized the financials and identified everything that can go wrong with the deal. Now it's time to pull the trigger. But how much do …
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San Francisco Bay Area Multifamily in the Age of COVID19
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24:31The SF Bay Area has been a perennial bellwether for rental performance. Will that continue in the age of COVID19? This week we talk with Shivu Srinivasan, Senior Director of Capital Markets for Transwestern Commercial Real Estate, about how the post-pandemic economy has impacted multifamily in the San Francisco Bay Area. Shivu & his team specialize…
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How The Post-Pandemic Economy Will Impact Multifamily in 2020
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21:56Worries over pandemic driven cliff drop in rent collections have not happened so far. But what's in store for the second half of 2020? This week we welcome back to the show Paul Hendershot, Director of Market Analytics for Costar, about how the post-pandemic economy will impact multifamily in the second half of 2020. CoStar is a recognized leader i…
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How Will Workforce Real Estate Be Impacted by COVID19
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23:24National data suggests that workforce apartment owners are seeing a higher rate of rental collection loss early in this downturn. This week we talk with Andrew Reichert and Daniel Croce of Birgo Capital about how the COVID19 related slowdown is impacting their business and what steps they took early on to understand the economic makeup of their ten…
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How Your Property Management Partner Can Help You Survive COVID19
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39:52With over 1 in 5 workers now unemployed and struggling to pay rent, a great property manager can help your multifamily business survive. This week we welcome back Ryan Wehner, Owner of Wehner Multifamily to discuss how he's helping his owners maintain great resident relationships while maximizing rent collections and keeping expenses in check. Spec…
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How to Asset Manage an Apartment Property in a Downturn
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36:44Now more than ever, proper asset management is critical to your survival as a multifamily property owner. This week we talk with Boris Liubovitch and Albert Baranchuk of WGI about how they are asset managing a 1200 unit portfolio of apartments through this developing economic downturn. Watch this episode to learn: * How to minimize expenditures dur…
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How to Navigate an Economic Downturn in the Apartment Business
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29:06COVID-19 has every landlord scrambling to prepare an upcoming financial storm. This week we talk with Jason Yarusi of Yarusi Holdings about the steps he's taking as an apartment owner to prepare for an economic downturn. Jason's company currently owns a portfolio of 800 units. Watch this episode to learn: * Four parameters you must monitor on your …
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How to Maximize Depreciation Tax Benefits on Your Apartment Property
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28:00Given these wild economic times, it's more critical than ever to preserve every dollar you can in business. This week we talk with Bill Smith of ELB Consulting about how you can maximize depreciation tax benefits at your apartment property and keep more money in your pocket. Bill helps real estate investors and developers reduce their tax burden th…
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Top Things You Must Do Before Investing in a Syndication
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39:45With an economic downturn looming, do not invest in a real estate syndication without listening to this advice. This week we talk with Jeremy Roll, Founder and President of the Roll Investment Group about the top things you must do before investing in a real estate syndication. Why listen to Jeremy? For the last 18+ years, he's passively invested i…
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How to Quickly Scale Your Company By Hiring Amazing Talent
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33:30Many real estate investors struggle to go from an individual contributor to a company owner. This week we talk with Ivan Barratt of Barratt Asset Management about how he successfully built a $300M AUM real estate syndication company from the ground up by hiring amazing talent and getting out of their way. Watch this episode to learn: * Who should b…
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How to Passively Invest Your Way Out of a Hi-Tech Job
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28:51Is it possible to passively invest your way out of a high income technology job? This week we talk with Brad Perry about how he successfully retired from a 30-year career as a microprocessor engineer by creating multiple passive income streams in real estate syndications over the course of 8 years. Watch this episode to learn: * How to put a plan t…
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How to Quickly Size a Loan On An Apartment Property
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37:15Getting debt quotes from commercial lenders can take days to weeks. Learning to ballpark your own loan sizing using simple lending guidelines will give you a headstart on the competition. As part of a two episode series from last week, we talk with Lane Beene, owner of Pilot Properties and Spencer Burton, creator of the popular commercial real esta…
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How to Quickly Perform Financial Feasibility On An Apartment Property
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25:06Learning how to quickly analyze a deal can save you hundreds of hours underwriting properties that just won't work. Today we talk with Lane Beene, owner of Pilot Properties and Spencer Burton, creator of the popular commercial real estate financial modeling website - Adventures in CRE - about how to quickly perform financial feasibility on an apart…
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Repairs vs Capital Improvements - How to use the tax code to your advantage
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20:35Proper tax planning can save you big money over the lifecycle of your real estate project. Today we talk with Brandon Hall, owner of the Real Estate CPA company about how to use the tax code to your advantage when making property improvements. Brandon is an expert on real estate tax code and his firm exclusively services accredited real estate inve…
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How to Sell Your Apartment Property to a Developer
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20:47Ever considered selling your apartment property to a developer? Older apartment properties in rapidly transitioning infill locations can be prime targets for a development play. In today’s episode we talk with Will Jarnagin and Michael Ware of Berkadia Real Estate Advisors in Dallas about when it makes sense and how to sell your property to a devel…
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Battle of the Metros - Nashville versus Austin
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35:23Austin and Nashville are two of the hottest destinations for young millennials. So which one is better for apartment investors? As part of our popular Battle of the Metro series with Costar, today we talk with Alex Tkac and Sam Tenenbaum about which market offers a better investment outlook for apartments - Austin or Nashville? CoStar is a leading …
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What to Watch Out for When Hiring a Property Manager
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14:42Hiring the right management company for your apartment property is make or break to executing your business plan. This week we talk with Ryan Wehner, Founder and Owner of Wehner Multifamily about the most important steps you need to take in choosing the right operations partner. Specializing in B & C class properties with over 26K units under manag…
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How to Avoid Sinking Your Ship when Getting a Multifamily Loan
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33:17In order to maintain a bulletproof track record with your multifamily lender, you've got to learn how to think like one. Today we talk with Michael Becker of SPI Advisory on some costly mistakes to avoid when financing your property. Michael is an expert on multifamily lending, having originated and serviced billions in loans for a large national b…
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How Dallas is Bucking the National Trend for Housing Affordability
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14:12Rising rents without wage growth is bad news for landlords. One major metro is bucking the trend and staying affordable. This week we talk with Paul Hendershot, Director of Market Analytics for Costar, about how Dallas Fort Worth continues to be a very affordable place for renters and why that’s good for investors. CoStar is a recognized leader in …
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Rent Control and Other Market Trends to Watch Out For
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30:35Housing affordability has reached crisis levels across the nation. Are you prepared for the potential impacts to your rental real estate? With limited supply and rising rents, we are seeing a growing trend of state and local governments enacting legislation to limit the cost of housing. It’s starting in the most progressive states and spreading fro…
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How to 1031 Exchange When Not All Partners Want To
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22:34If you’re in a partnership that is selling a property and not all the partners want to 1031 Exchange, what can you do? Last week we talked with Yonah Weiss about how to eliminate your taxes when you buy a property. Visit our YouTube Channel at Apartment Investor Show to replay the episode. This week we talk with Craig Brown about how you can 1031 E…
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Like Trump or Not, THIS is Arguably the Best Thing He Did - 100% Bonus Depreciation
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28:24If you like putting tax free money in your pocket, this is the ONE thing you must have in your rental real estate tool kit. Last week we talked with Brandon Hall about how to eliminate your taxes using Bonus Depreciation. You can visit our YouTube Channel @ Apartment Investor Show to replay the episode. This week we talk with Yonah Weiss about how …
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How to Use Bonus Depreciation to Eliminate Your Taxes
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20:55If you like saving taxes and you invest in real estate, here's the one game changing update you need to know about. The 2018 Tax Cuts and Jobs Act (TCJA) has significantly improved the way you can leverage depreciation on your rental real estate if you know how to do it properly. Today we talk with Brandon Hall, owner of The Real Estate CPA firm ab…
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How to Protect Your Lead in a Late Inning Market Cycle
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18:29Is your multifamily portfolio prepared for a hiccup in the economy? No one can predict if or when a possible downturn might hit, but there are some fundamental moves you should consider doing now to hedge your bets. Watch this episode to learn (4) simple strategies to protect your hard earned money from being exposed to a bad apartment investment a…
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Top 5 Things to Remember When Raising Money in a Syndication
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24:09Are you raising money the right way in a syndication? The rise of the 'money raiser' has officially become an epidemic and many people are unknowingly violating important regulations related to properly raising private equity for a syndication. The consequences could be disastrous for everyone involved, including restitution, heavy fines or even ja…
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Battle of the Major Metros: Dallas Fort Worth versus Atlanta
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27:41Dallas Fort Worth and Atlanta are two of the hottest apartment markets in the nation. With regular appearances on many 'top 10' lists for job growth, population growth and renter affordability, both of these metros should be on your investment radar. But what if you could only choose one? Which market should you pick? Today we talk with David Kahn,…
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Agency Debt & The $200B Update You Need to Know About
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11:28Strong liquidity in the capital lending market is essential to a healthy real estate industry. After a rocky past 90 days, FHFA made a huge announcement on Sep 13 that will impact nearly 50% of all US multifamily loans moving forward. Watch this episode to learn more about the $200B update for Fannie Mae and Freddie Mac and what it means for your n…
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Want to know where the smart money is going in multifamily? RealPage Chief Economist Greg Willett is one of the most quoted Apartment Economists in the nation and apartment bankers, developers and investors all listen when he talks. We interviewed Greg to discuss the state of todays apartment market. Are we headed into a ‘recession?’ What should an…
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