Multifamily 5

Introduction In this episode of the Multifamily 5 podcast, host Mark Allen interviews Ian Mattingly, President of Luma Residential, about the state of the multifamily market and operations in Texas. Ian provides unique perspectives as a seasoned operator leading a major portfolio in Dallas and having deep industry involvement. Key Discussion Points Ian's background getting into multifamily, starting in the family business then with a Denver brokerage and back to Luma [2:30] Legislative threats to multifamily profitability in Texas from property taxes and anti-business policies [5:15] Operating fundamentals across Luma's portfolio showing some softening from new supply but Texas retains positive in-migration [7:30] Concerns on lender balance sheets and potential impacts on multifamily if distress hits banks [10:00] Mitigation as long-term holder through focus on resident retention and technology efficiencies [12:30 ] Using centralized teams, including offshore, to enhance customer experience [15:30 ] Capital planning strategies to fund ongoing renovation needs and defer obsolescence [19:00] Leveraging technology for marketing efficiencies but still seeing cost increases [21:30] Stand out from new supply by maximizing location, curb appeal, branding [25:30] Potential for major productivity gains from emerging technologies like AI, opportunities for growth [28:00] Relevant Resources Luma Residential - https://lumapm.com/ Ian Mattingly on LinkedIn - https://linkedin.com/in/ianmattinglycpm/

Mark and some of the other top Dallas apartment brokers provide essential information to a gathering of over 550 apartment investors at the Old Capital Conference. Delve into the predicaments faced by owners navigating distress due to their debt structures. Explore potential opportunities for acquiring these assets and acquire a comprehensive understanding of cap rates.

On this episode of the Multifamily Five Podcast, host Mark Allen interviews Brett Luskey, partner at Fairmont Management Company, to discuss strategies for navigating the multifamily market in today's turbulent economic climate. Key Discussion Points The current state of the DFW rental market - vacancy rising, rent growth slowing, increased turnover [00:01:30] Being strategic with rent pricing based on unit types and floor plans rather than property-wide adjustments [00:02:00] The importance of resident retention and "closing the backdoor" with reasonable renewal increases [00:03:00] Labor market challenges - difficulty hiring for properties with small staff counts, proactive retention tactics [00:08:00] Prioritizing capital projects based on property needs and economic conditions [00:12:00] The value of master-metered utilities in Class C properties today [00:23:00] Maintaining strong communication and reasonable expectations with property owners [00:19:00] Relevant Resources Fairmont Management Company website: https://fairmontmanagement.com Brett Luskey's contact information: bluskey@fairmontmanagement.com, 972-284-1045

Today we are speaking with Badri Malynur, Co-Founder and VP of Sales at Avestor. Badri brings more than two decades of experience in the multi-family housing market. He co-founded two start-ups, was an active angel investor and held key leadership positions at a Fortune 500 company. Avestor was founded on the vision that every investor should have the opportunity to invest in real estate and alternative asset classes. They created a customizable fund with which you can raise an unlimited number of investments through the single-entry point of a fund, making it easier than ever to raise capital continuously. Listen in and learn how you can easily raise additional funds, or diversify your investment portfolio as a passive investor. You can reach out at badri@avestorinc.com or check out the website www.avestorinc.com.

In today's episode we are speaking with Warren Craythorne, Founder of Conduct Connect. Conduct Connect has developed a unique business model allowing property owners to leverage their existing assets and generate additional recurring revenue. We'll learn how they can help boost your NOI through implementing revenue generating fiber optic cable. As technology advances, access to high-speed internet has become increasingly important to individuals and businesses alike. This is especially true for those living in multi-family properties, where internet connectivity can be a determining factor when choosing a place to call home. Not only does fiber optic internet provide faster and more reliable connectivity, but it also offers numerous advantages that can help to enhance the appeal of your property and attract new tenants. If you have any questions or would like to discuss the possibility of installing fiber optic internet in your property, please send a message through the website at www.conductconnect.com

Affordable Housing and PFCs On today's episode I'm speaking with Tim Nelson and Braxton Parsons of HilltopSecurities, who represent Public Finance Corporations (PFCs). Tim and Braxton are like Brokers between PFCs and experienced sponsors/developers. In this episode we cover PFCs at a high level, deal qualification criteria, how PFCs affect a sale of a multifamily property, and current legislation. If you would like to get in touch with Hilltop, please reach out to Tim at tim.nelson@hilltopsecurities.com

In today's episode we speak with Drake Allred, of Continental Adjusters, Inc. Continental Adjusters is a Licensed Public Insurance Adjusting firm exclusively representing building owners, company owners and property management companies. They are the largest multifamily adjusting firm in the U.S. and provide "start to finish" expert analysis of losses to buildings, contents and loss of rents/business interruption insurance claims caused by catastrophic events such as Hail, Fire, Wind, Tornado, Hurricane, etc. B and C class multifamily are wonderful assets, but they are exposed to losses. Drake will discuss what to look for when searching for a good public adjuster and some tips for owners on what to do immediately after damages have occurred at their property. If you want to get in touch with Drake, please reach out to dallred@continentalsdjusters.com

Rock Stevens, Director of Business Development at the Strategic Insurance Group, joins me in a discussion about the current multifamily insurance market and how to obtain lower insurance premiums through a master insurance policy. The Strategic Insurance Group is a multifamily real estate insurance firm focused exclusively on the 100+ unit multifamily market. The firm offers a free instant quote tool so you can get insurance premium quotes in seconds. Massive insurance savings will lower your expenses, increase your NOI, and drive-up property value! Rock will talk about how a master policy works and what the benefits are of having multiple locations on one policy. We also discuss how insurance companies determine the premiums for multifamily real estate properties, which factors can impact the premium, the current hard market situation caused by a $60 billion shortfall in the reinsurance market, and how multifamily owners can ensure that they're getting the best possible coverage at the most affordable price. If you would like to get in touch with Rock or want to get a free instant quote for all your properties, please visit https://strategicinsurer.com/

In today's episode we are excited to talk with GREA's own, R. Jeffrey Burgfechtel, JD Jeff has been part of the GREA team for 5 years now and is primarily focused on identifying and vetting commercial real estate opportunities for his clients. He provides expert analysis but also first-hand experience that can only be gained through multiple acquisitions and sales, and 20 years of direct management of his personal commercial real estate portfolio. Jeff is also a licensed trial attorney with over 20 years of legal experience. Today, we will discuss commercial real estate; specifically, NNN lease investments, what's going on in commercial real estate, and how investors can capitalize on NNN lease investments.

Are you potentially going to have to come out of pocket to service your debt? Ann Hambly, CRE should be your first call! On today's episode, Ann will share the process of negotiating and finalizing a loan restructuring agreement and some challenging multifamily loan modications she has dealt with in the past. Ann is not a stranger to our podcast; she joined us in Ep. 26 to discuss how to navigate loan assumptions. 1st Service Solution was founded in 2005 and was the first firm dedicated to serving exclusively as a borrower advocate for surveillance, loan assumptions and loan workouts within CMBS (commercial mortgage-backed security), CRE CLO (commercial real estate collateralized loan obligation), and Agency. To find out more about 1st Service Solution please visit their website at www.1stsss.com.

This is one of my favorite discussions of the year! I interviewed two of GREA's Founding Partners, Todd Franks from Dallas, and Jordon Emmott from Houston. They nearly have 40 years of brokerage experience combined, and both Todd and Jordon brokered through the "Great Recession". Discussion topics include: Similarities and differences between now and the "Great Recession" Fundamentals in Dallas and Houston - Are rents and occupancy growing and improving? Buyer demand and terms - and how has it changed? Taxes and insurance Cap rates on deals going to contract Deal stories and challenges And much more! For more information, please visit our website at www.grea.com Todd Franks: todd.franks@grea.com Jordon Emmott: jordon.emmott@grea.com

Rod Khleif is an entrepreneur, real estate investor, multiple business owner, author, mentor, and community philanthropist who is passionate about business, life, success, and giving back. As one of the country's top real estate trainers, Rod has personally owned and managed over 2,000 properties. However, in 2008 he lost everything in the market crash; $50 million in real estate. Rod will share his astonishing story with us, his lessons learned from 2008, his mindset to bounce back, what he's focused on today, and his "bearish but excited" expectations. Rod is also Host of the iTunes Real Estate Podcast “The Lifetime Cash Flow Through Real Estate Investing Podcast,” and author of the #1 best-selling book “How to Create Lifetime Cash Flow Through Multifamily Properties”. As a community philanthropist, Rod founded and directs The Tiny Hands Foundation, which has benefited more than 120,000 community children and families in need. You can learn more about Rod at https://rodkhleif.com/, or you can text "Rod" to 72345.

Today, we're speaking with Stuart Page whose background includes investment banking, M&A, and private equity. Stuart launched GREA's equity platform after a proven track record of capital introductions. Stuart's focus is JV and Preferred Equity with check sizes in the $1M - $50M range for middle market multifamily developers and value-add investors. He has deep relationships with high-net-worth individuals, private equity and family offices. Stuart addresses control provisions, current market terms and appetite of equity, demand for private equity and when and how to get involved talking to equity groups. If you would like to get in touch Stuart, please email him at stuart.page@grea.com or call his cell at 512-963-7243

Today we are speaking with Peter Selber, Managing Partner with Infinity Power Partners based in Houston, TX. Infinity Power Partners is a full-service energy management and consulting firm that provides procurement management solutions, risk management services, market insight, and a unique, personal, yet technical approach to ensure your electricity and natural gas-related requirements are fulfilled and exceed expectations.  Inflation has been a challenge for the economy and along with inflation, utility expenses are going up. Find out what has been going on in the market historically and today. How Covid and the severe winter storm Uri in 2021 affected ERCOT and utility prices in Texas. Peter provides tips for multifamily owners on how to be proactive prior to energy contract. Also, he shares some case studies working with some of the largest multifamily owners in the country. Listen in to understand why they are the top energy management and consulting firm in the country through structuring master contracts across portfolio, to their ancillary revenue programs, on-going customer service and advice, and more. Mention this podcast for a discount on any energy consulting services! To reach Peter for a free consultation please call his cell at 713-419-6828 or email at peter@ infintypowerpartners.com. Check out the website at www.infitiypowerpartners.com.

Clayton Sievers is a property tax consultant with Cantrell McMulloch, Inc (CMI). For 2020 tax year, CMI represented more than 1,470 multi-family housing properties (225,000 +/- units) across 69 Texas counties & in 28 states, valued in excess of $21 billion. In 2022, property taxes in Dallas-Ft. Worth increased over 45% on average, a new record! Listen in for tips and tricks, and to hear more about today's market in the world of Appraisal Districts, assessed values, property taxes and tax rates. If you want to get in touch with Clayton, please contact him at 972-630-6686 or email him at csievers@cmi-tax.com

Clayton Sievers is a property tax consultant with Cantrell McMulloch, Inc (CMI). For 2020 tax year, CMI represented more than 1,470 multi-family housing properties (225,000 +/- units) across 69 Texas counties & in 28 states, valued in excess of $21 billion. In 2022, property taxes in Dallas-Ft. Worth increased over 45% on average, a new record! Listen in for tips and tricks, and to hear more about today's market in the world of Appraisal Districts, assessed values, property taxes and tax rates. If you want to get in touch with Clayton, please contact him at 972-630-6686 or email him at csievers@cmi-tax.com.

Our guest for this episode is Paul Peebles with Old Capital. Paul has been a multifamily banker for 36 years and has closed over six thousand transactions. As a debt provider he and his team finance properties of all sizes throughout the country (over $1.2B in loans last year). Today we will get a market update and discuss the effects of the tremendous increase in rents, collections and consequently in NOI. Did you know that in 2021 80-85% of all financing were bridge loans through non-recourse debt funds? We talk about how this affects pricing and why bridge loans are currently carrying the multifamily market. Also, we touch on the market risks with the flush bridge market. If you would like to get in touch with Paul, you can email him at ppeebles@oldcapitallending.com. Paul has its own podcast sharing in depth interviews with real life investors at oldcapitalpodcast.com. If you enjoy the Multifamily 5, please leave us a 5-star rating and review!

Today we are speaking with JT Lynch, commercial insurance broker with Ramey King Insurance, a family run agency located in Denton, TX. We are excited to have JT on the show and have him talk about the hard insurance market and how to mitigate issues during the transaction. Should you consider coverage trade-offs with the increased insurance rates due to the winter storm earlier this year? How does the average size of a unit and the age of a property affect how a property is underwritten? With all the bridge debt being originated, do the bridge lenders have different coverage requirements? Take a few minutes to listen to this episode when we explore the multifamily insurance market and how JT can help you find the best coverage. If you want to contact JT Lynch, please email him at jtlynch@rameyking.com. JT can provide you with a quick estimate within 24 hours.

Our guest for this episode of The Multifamily 5 Podcast we are speaking with JC Castillo, President and CEO at Velo Residential, a third-party property management company that is chartered to manage Multifamily properties for owners in DFW. Velo focuses on how owners can operate for more profit by implementing modern technology like paperless application, online payments, and invoice processing in B and C class properties. By taking this work load off the onsite staff, the property manager and leasing agent can focus more on customer service and create a happy relationship with their residents, while retaining top talent. All-in-all, Velo replaces on-site staffing with virtual staffing support while providing property owners with a much more efficient and cost-effective way to run their business. Ultimately, it will boost profitability and lower payroll.

In this episode of The Multifamily 5 Podcast, we are discussing a rather uncommon yet important topic. Dog poo! Mark sat down with J Retinger, CEO of BioPet Laboratories Inc. PooPrints®. PooPrints offers a new way for property owners to collect additional revenue by charging residents who don't pick up after their furry friends. Find out how it works and how the largest DNA pet waste management company can not only offer an extra source of revenue for owners but also a solution to pet pollution across the U.S., Canada, and the United Kingdom. To get in touch with J email him at info@pooprints.com or check out the website www.pooprints.com

In this episode of The Multifamily 5 Podcast, Mark speaks with Todd Heitner of Apartment Investor Pro to discuss the importance of having a professtonal website and how it boosts credibility on all levels. Listen in to learn more about branding your area of expertise online and how a website can help you build relationships, capture leads, and attract investors as well as educate them. Apartment Investor Pro started building websites for real estate investors over 15 years ago. Today they specialize in websites for syndication and other multifamily investing. "We saw that for many investors, setting up their website was a huge hassle that often took months to complete. That's a big distraction from finding investors and deals and is not a good use of time. We built Apartment Investor Pro to solve this problem. We created professional designs and content you can use to have your website working for you in record time." To get in touch with Todd email him at partners@servesense.com

In this episode of The Multifamily 5 Podcast, Mark speaks with Dustin Miles of Momentum Multifamily, a Dallas-based multifamily owner. Dustin recently closed on the Henry at Liberty Hills, a 228-unit community built in 2012 in Houston. Dustin speaks through lessons learned on this deal, but also on other acquisitions, dispositions, and asset management. With almost a decade of experience and a proven track record of consistent results, Momentum Multifamily has become a major player in acquiring and repositioning multifamily assets. We pride ourselves on creating inspiring communities to live at while creating exceptional returns for our investors. For more information on Momentum Multifamily, visit their website at momentummultifamily.com. **Please leave us a rating or review on iTunes, Soundcloud, or Stitcher**

Aimee Morgan (SVP at JLL in the multifamily valuation & advisory services department) gives an inside look on how appraisers review properties and come up with their market values. We discuss the current changes post-COVID from expenses, to cap rates, and their actual due diligence process. We also dive into how lenders, specifically the agencies, are looking at properties, along with some of the top markets across the sunbelt region where she's seeing most of the investor interest and activity. Aimee has 11 years of experience in the multifamily appraisal business, spending 10 years at CBRE before joining JLL in 2019. Aimee Morgan is a seasoned apartment appraiser with JLL Multifamily in DFW and Houston. Her group does most of the apartment appraisals in Texas. To get in touch, feel free to connect with her on LinkedIn or reach her at aimee.morgan@am.jll.com

In Ep. 55, Mark Allen interviews Josh Elstein of Greenworks Lending about providing building owners and developers access to capital they need to make energy related deferred maintenance upgrades in their existing buildings. C-PACE makes it possible for commercial property owners to obtain no money down, low-cost, long-term financing for ener­gy efficiency, water conservation and renewable energy projects. Greenworks Lending is a private capital provider uniquely dedicated to funding commercial real estate through Commercial Property Assessed Clean Energy (C-PACE) financing. Greenworks Lending’s C-PACE financing makes clean energy a smart financial decision for commercial property owners and developers. For more info --- Josh's email: jelstein@greenworkslending.com Website: https://greenworkslending.com/

In this episode of The Multifamily 5 Podcast, Mark speaks with Rob Beardsley of Lonestar Capital Group to discuss their preferred equity solution. Listen in to learn more about preferred equity, why deal sponsors would use it, the difference between preferred equity and Mezz debt, and much more. Download Rob's FREE e-book, The Preferred Equity Manifesto, at robbeardsley.me/books For more information on preferred equity or want to reach out, feel free to email him at rob@lonestarcapgroup.com or on LinkedIn (www.linkedin.com/in/rob-beardsley/). And if you're interested in partnering or consulting with Rob, make sure to check out his website, at robbeardsley.me/

In this episode of The Multifamily 5 Podcast, Mark speaks with Jim Monk of Clozzits, the leading manufacturer and installer of closet systems for the multifamily industry. The Company was created from the desire of multifamily owners and management companies to recognize previously uncharted revenue growth opportunities. Clozzits serves property owners that aim to rethink the ordinary and often forgotten closet spaces within their portfolio to increase overall asset value and ROI. An average Clozzits client sees a 3-5% rent increase once installed, an improved NOI, average of 37% ROI on the project and an asset increase of an X factor based on the properties cap rate! As the President of Clozzits, Jim leads and develops the overall corporate strategy including but not limited to finance, manufacturing, marketing and installation. On any given day he can be found working with the different teams and department heads to ensure that all process and procedures are working cohesively to provide the best possible product and customer experience. For more information on CLOZZITS, visit their website at https://clozzits.com or call 972.838.7888.

In this episode of The Multifamily 5 Podcast, Mark speaks with Lucas Hewett of Layers. Lucas sheds light on how they're partnering with multifamily owners and operators by providing corporate or short-term rental units. He highlights the benefits of their business model for owners, their success with their own workforce housing communities, the process when working with Layers, secondary benefits at the community level, and more. To learn more about Lucas and Layers, check out their website www.layerslife.com or email Lucas at lucas@layerslife.com. For more information on XXXX, head over to their website at XXXX, call XXXX, or email XXXX. Please leave us a comment or a 5-star review on iTunes, SoundCloud, Google Podcast, or Stitcher!

In this episode of The Multifamily 5 Podcast, Mark speaks with James Eng of Old Capital to discuss the current state of the marketplace and how it's changed since COVID-19, what he's seeing in terms of collection activity in the commercial refinance world, and why he's known as "The Professor" of real estate financing. James Eng has originated approximately $1 billion in multifamily loans nationwide as a Senior Director for Old Capital. Prior to Old Capital, he was a senior underwriter for GE Capital Real Estate underwriting over $750 million in commercial real estate loans.  He graduated from University of Texas at Austin with a finance degree.  For more information on Old Capital Lending Group, head over to their website at https://oldcapitallending.com/, call 214.300.5035, or email jeng@oldcapitallending.com. Please leave us a comment or a 5-star review on iTunes, SoundCloud, Google Podcast, or Stitcher!

TextByChoice's Co-Founder Nizar Bhojani joins us on The Multifamily 5 Podcast. Nizar discusses how TextByChoice is a seamless method of communication within Real Estate. Whether your a property manager trying to stay in touch with residents or prospects or a broker marketing a new listing. With 98% of texts being opened vs 20% of emails, your messages will be sure to get in front of your audience when you use TextByChoice. Check it out and let us know your thoughts on texting as a better communications channel for real estate professionals. To reach Nizar and learn more, text Nizar at 25324. *Listeners of The Multifamily 5 Podcast will also receive 3 months free of TextByChoice* Please leave us a comment or a 5-star review on iTunes, SoundCloud, Google Podcast, or Stitcher!

In this episode of The Multifamily 5 Podcast, Mark speaks with Bill Lane of GrandHVAC. Leasing GHL provides commercial water heating and HVAC solutions on equipment such as boilers, make up air and roof top units, water softeners, space heaters, fireplaces, water heaters, and air conditioners. We discussed why leasing HVAC systems makes sense for owners of class B and C multifamily properties. Leasing offers an all-inclusive solution covering everything from equipment and installation costs, 100% parts & labor coverage, AND regular maintenance. Leasing enables owners to save capital for higher ROI investments and focus on the important aspect of their business. Customers can benefit from GHL by providing proactive upgrade of aging assets, receiving cashback incentives, as well as utility rebates. PLUS there is no capital outlay required! For more information on GrandHVAC Leasing, head over to their website at https://grandhvacleasing.com/, call 1-855-754-0530, or email info@grandhvacleasing.com *Please subscribe, leave us a comment, and a 5-star review on Apple Podcasts, SoundCloud or Stitcher!*

In this episode of The Multifamily 5 Podcast, we sat down with Jake Marmulstein, CEO & Co-Founder of Groundbreaker, a revolutionary all-in-one investment management software for small to medium commercial real estate investment firms that raise outside capital; helping teams increase productivity and investor satisfaction by automating fundraising, reporting and investor relations workflows. For more information, check out their website at https://groundbreaker.co. *Special Offer!* Fill out the 'instant demo' form with keyword 'Greystone' in the note section of the form to receive 10% off the first 3 month! Please leave us a comment or a 5-star review on iTunes, SoundCloud, Google Podcast, or Stitcher!

In this episode of The Multifamily 5 Podcast, Mark sits down with Collin Chlebak to discuss the insurance market in the time of COVID-19, the catalysts of hard and soft markets, economic drivers behind insurance rates and steps buyers can take when making an insurance bid.  Virtus is an insurance brokerage out of Kansas City with offices around the united states, and believe in industry expertise. Collin leads the Virtus National Real Estate Practice that touches over 300,000 multifamily units and 100M+ square feet of commercial real estate. Collin provides hands-on insurance consultation and brokerage services to owners, operators and developers of multifamily and commercial real estate across the country. He takes pride delivering customized insurance strategies to achieve the business goals of industry-leading firms. If you'd like to get in touch with Collin, email him at cchlebak@virtusins.com or on LinkedIn. For more information of Virtus Insurance, check out their website at virtusinsurance.com or call 816-919-2323 to speak with someone directly! Please leave us a comment or a 5-star review on iTunes, SoundCloud, Google Podcast, or Stitcher!

In this episode of The Multifamily 5 Podcast, we sat down with Marc Belsky to discuss his process when it comes to deciding which sponsor to work with on a deal they're looking to capitalize. We talked about the current appetite for equity groups and the minimum experience level a sponsor must have in order to provide commitment. Marc shared his insight on the changes he is seeing on return expectations as well as in the underwriting spectrum, and the timelines for decision-making from presenting a deal to the commitment.  Eastern Equity Advisors assists real estate professionals who want to raise equity to best pursue their investment strategies. The company is uniquely positioned to continue to lead the middle market industry with equity due to their commitment to partnerships, employees, and technology. As Managing Director of Eastern Equity Advisors, LLC, a real estate capital introduction platform focused on raising equity for middle market multifamily and commercial real estate, Marc Belskyworks with his team to raise single source and institutional equity for acquisitions and recapitalizations on behalf of multifamily and commercial real estate owners nationwide, with a focus of equity check sizes of $5M to $50M. For more information on Eastern Equity Advisors or to learn how we can arrange equity for your deal, please visit easterneq.com. To get in touch with Marc, please email Marc Belsky at mbelsky@easterneq.com or give him a call at his office at (212) 897-9875. Please leave us a comment or a 5-star review on iTunes, SoundCloud, Google Podcast, or Stitcher!

In this episode of The Multifamily 5 Podcast, we sat down with Derek Merrill, Co-Founder & CEO of LeaseLock, which powers a modern lease experience that totally eliminates all security deposits, surety bonds and guarantors. Instead of tenants paying security deposits up-front, they pay a $30 monthly fee which insures the owner of missed rent payments and damages; ultimately, this helps increase lease conversions, reduce administration costs, and can create an additional revenue stream. For more information, check out their website at https://leaselock.com or shoot him an email at Derek@leaselock.com or LinkedIn. Please leave us a comment or a 5-star review on iTunes, SoundCloud, Google Podcast, or Stitcher!

In this episode of The Multifamily 5 Podcast, Mark speaks with Ira Singer, principal at Mosaic Construction in Chicago, about the low-disruption, high-impact renovation investments that provide the best ROI for multifamily properties. We discussed in depth the Return-on-Income (ROI) timeline for common multifamily facility improvements, and how these renovations are carried out safely during active shelter-in-place orders. He also goes on to tell us more on commercial renovation techniques ultimately making buildings more competitive in this ‘new normal’, as well as what he says are the best renovation investments to make today to drive rent increases post-pandemic. He cautioned, though, on avoiding the temptation of over-improving a buildings’ asset class. For multifamily property owners that can ride out the COVID-19 storm, renovation can make significant and rapid contributions to profitability for investors over the longer-term. Mosaic Construction specializes in renovating commercial and multifamily spaces. Ira can be reached at: ira@mosaicconstruction.net or via LinkedIn. *Please subscribe, leave us a comment, and a 5-star review on Apple Podcasts, SoundCloud or Stitcher!*

SunRidge Management Marketing Director, Whitney Miller, spoke with me on this weeks' episode of The Multifamily 5 Podcast to discuss what she thinks are the biggest changes at the property level, 3 months after the 'shelter-in-place' order was activated in Texas. She also discusses the 5 P's of management that SunRidge focuses on to ensure maximum operational efficiency.   SunRidge Management Group, is the go-to solution for your real-estate management needs, headquartered in Dallas, TX and recognized as an organization with proven abilities to achieve the asset goals of long term profitability and enhanced value. With extensive knowledge pertaining to New Construction & Lease Ups, REO’s, Foreclosures, and Conventional Multifamily Communities, along with our HUD Certification, SunRidge is a firm that can handle all of the required monthly and annual reporting that you need. For more information, check out their website https://www.sunridgemanagement.com/ or call 972.243.7648. Please leave us a comment or a 5-star review on iTunes, SoundCloud, Google Podcast, or Stitcher!

Grant Garlock, Commercial Loan Officer with BMC Capital, joins us to discuss bank & bridge loans, agency debt, as well as share his thoughts on the state of the market, before and after the start of the pandemic. BMC Capital's services include origination of commercial mortgage loans, bridge lending, mezzanine lending, construction lending, loan assumptions and loan servicing. While BMC is best known for small balance lending, the firm has the capability to finance individual loans up to $100 million. BMC services its clients through a network of nationwide offices. BMC is focused on using technology to better serve our clients all in effort to 'revolutionize the loan experience'. To get to know Grant or BMC Captial better, check out - https://www.bmccapital.com; - call 214.526.7178; - email info@bmccapital.com Please leave us a comment or a 5-star review on iTunes, SoundCloud, Google Podcast, or Stitcher!

Paul Pennington has been in the business of protesting commercial real estate CAD assessed values for over 33 years! Paul joins us to share what’s going on at the state level with regard to Section 11.35 of the Property Tax Code, specifically as it relates to disaster relief. It’s also time to protest your assessed values and reduce your property taxes; Paul shares what information and data he’s gathering to help support lower values and property tax expense. Finally, he shares his TOP TIP to help you reduce your property tax expense after the purchase of a property. For more information, check out https://pepennington.com/. Please leave us a comment or a 5-star review on iTunes, SoundCloud, Google Podcast, or Stitcher!

Co-Founder & CEO at Findigs, Inc., Steve Carroll, met with me to discuss their revolutionary product addressing slow landlord rental application processing times, reducing fraudulent application submittals, and most of all TIME. Findigs delivers expedited, non-frustrating, and efficient onboarding solutions from start to finish. To get to know Steve or learn more about Findigs services, you can reach him at steve@finddigs.com or visiting their website, findigs.com Please subscribe, leave us a comment, and a 5-star review on iTunes, SoundCloud or Stitcher!

I had a chance to catch up with Michael Becker of SPI Advisory, LLC who has owned and managed several thousand units this cycle. We discuss the current multifamily environment with COVID-19, and strategically planning for multiple scenarios on the back end of COVID-19. Specifically, how to communicate with your investors and lenders, good (and not so good) operational tactics, and what to look for in future acquisitions. To get to know Michael or his company SPI Advisory better, he can be reached at mbecker@spiadvisory.com. Please subscribe, leave us a comment, and a 5-star review on iTunes, SoundCloud or Stitcher!

Episode 38: Jeff Chalfin of Flow Dynamics, LLC Jeff Chalfin, CEO of Flow Dynamics, LLC, the patent holder and manufacturer of the SMART VALVE™, offers great insight into how a simple, yet extremely effective variable flow management device solves a number of problems inherent in your water system that are causing you to overpay for your water.  "With water becoming one of our most precious and expensive resources, our game-changing technology should become standard equipment for anyone paying a water bill,” says Chalfin Flow Dynamics, based in Carlsbad, CA, plans to expand its distributor network—both domestically and internationally— and welcomes inquiries from experienced distributors. Proudly Made in the USA by FLOW DYNAMICS, LLC. Interested in learning more on how you can save on water & sewage expenses? Here's how to get in touch: Email Jeff: jeff@thesmartvalve.com P: 877-843-8555 SMART VALVE Email: info@smartvalve.com Visit their website at https://thesmartvalve.com/

Robert Martinez, Founding Partner and CEO of Rockstar Capital, provides 'Rockstar' insight about how they managed to implement a paperless environment successfully, focusing on reputation management & transparency, and how all these efforts prepared them for the conversion to virtual leasing solutions effectively separating themselves from other owners & operators struggling to implement these much-needed virtual/remote solutions today. Since founding Rockstar Capital in 2011, Robert has directed the underwriting, acquisition, and management of 30 apartment communities consisting of more than 5,243 rental units. On top of running an award-winning business, Robert holds an Engineering Degree from Texas A&M and is the only person to have won the National Apartment Association Independent Rental Owner of the Year twice. Visit their website https://www.rockstar-capital.com/ to learn more.

Noah Molnar helps investors create additional cash flow by turning rental insurance into a property revenue stream.  The POPIC group of companies specializes in structuring, forming, and managing specialty insurance programs. The industry is set up so that 3rd party insurers are set-up to profit, but POPIC works with hundreds of multifamily owners to shift the paradigm, allowing the owners to capitalize on that revenue stream. Listen in to hear about their two services, how their process works, and how you can create additional cash flow on your multifamily portfolio. Contact Noah at nmolnar@popicllc.com, or visit their website: https://popicllc.com/

In this episode of the “Multifamily 5”, Mark Allen discusses the current COVID-19 environment from a sales and lending perspective with Todd Franks and Trip Going of Greystone. The podcast was recorded on Feb. 27th; Trip shares updates regarding debt service reserves, dynamic interest rate spreads, and loan forbearance. Todd reviews what he’s seeing in the sales market with offers, tours, deals under contract, strategies to work if the economy continues a downward trend, and more.

Ben Mandel helps investors with an alternative to the 1031 exchange. If you’ve ever wanted to sell but weren’t sure what to do with the equity because of the competitive market, Ben and his team can help with a unique tool. Listen to learn more about Ben’s offering and how you can defer capital gains without any of the 1031 exchange time requirements. For more information, reach out to Ben through email at macro350@gmail.com

Mike Ochstein of Price Realty Corporation is a multifamily veteran to say the least, with over 30 years in the business. Listen in to hear about how Mike got his start in multifamily as one of the original multifamily brokers in Dallas back in the 1980s, which ultimately led him to purchase his first property in the late 80s. Knowing that he couldn't be great as a broker and investor, he decided to jump to the ownership side and has bought and sold several thousand units over the years. Mike shares his biggest lessons learned, along with his focus for 2020, and what to focus on (or watch out for) at this point in the market cycle. For more information about Mike Ochstein and Price Realty Corporation, please visit www.pricerealtycorp.com.

Mitchell Voss from WindMass Capital has gone from 0 to 100, real quick! He used to fear if he would have the capital to buy the deal, now he focuses on great deals and knows the capital will be there. Mitchell works with several Family Offices to fund his deals. Why deal with a hundred investors on a single deal, when you can work with a few that are writing BIG checks? Listen to hear how Mitchell structures his deals, how he found and built relationships with Family Offices, and risks involved with working with Family Offices. He also weighs in on the differences between raising equity from within your network vs. working with Preferred Equity vs working with Family Offices. 30 minutes of GREAT content! Feel free to connect with Mitchell Voss on LinkedIn: https://www.linkedin.com/in/mitchell-voss-b1072116

D.J. McClure is with National Flood Experts as a National Account Manager. Have you ever purchased or looked to purchase a multifamily community in a flood zone? Flood Insurance premiums KILL NOI! National Flood Experts and their engineers works with FEMA to potentially remove your property from the flood zone, helping to reduce your insurance expense, and improve the value of your property (and cash flow). This podcast is a must listen, and you should reach out to D.J. to ensure you're working with him on your next property you're looking to purchase in a flood zone. D.J.'s Contact Information: dj@nationalfloodexperts.com

Brett Luskey joined Fairmont Management as Vice-President in 2015. He is responsible for the day-to-day operations of each of Fairmont's properties, marketing and development, tenant relations, project financial analysis, and human resources. We discuss one of the most important aspects of multifamily investment: property management. Brett delivers insights you're not going to find anywhere else. Brett's Contact Information: bluskey@fairmontmanagement.com 972.284.1045

Lane Beene. Air Force Captain and seasoned real estate investor. He explains the importance of approaching real estate investment like a solider would for a mission. Lane also shares his two keys to net worth and real estate investment. These are insights you don't want to miss.

Fiber Stream provides innovative internet and WiFi services at incredible speed. They wholesale these services in bulk packages to apartments, MDU’s, and business facilities across the continental U.S. Providing a technology perk to residents while adding another revenue stream to your business has never been so easy. Learn more during our conversation with Anthony, the COO of Fiber Stream.