POPULARITY
Join Jake and Gino as they sit down with Peter Roisman, the co-founder and CEO of Rev, a property technology company revolutionizing multifamily leasing space. With over 30 years of entrepreneurial experience (including scaling nearly 200 ambulatory surgery centers), Peter brings a fresh, data-driven, and empathetic perspective to one of real estate's most overlooked areas: leasing.In this episode, Peter shares how Rev uses 1,000+ data points, secret-shopper insights, and AI-powered training modules to upskill leasing agents and boost net operating income (NOI). They discuss why leasing agents are often the least trained yet most essential team members, the real difference between managing and leasing, and how to create a Chick-fil-A-level customer experience on your property.What You'll Discover:• How Rev is “revving up” the multifamily industry• The transition from surgery centers to property technology innovation• The need for comprehensive leasing training and secret shopper audits• Sales fundamentals and leadership in property management• The impact of COVID and labor market challenges on leasing• Integrating maintenance for a superior resident experienceGuest Links & Resources:Rev Website: https://www.rev-leasing.com/ Chapters:00:00 - Introduction 01:25 - Rev & the Transition 02:34 - Why Multifamily 07:10 - Scaling Problems: From Greystar to Your 50-Unit Building 12:56 - What Makes a Rock-Star Leasing Agent 14:25 - Why You Should Invest in Leasing (Not Fear It) 19:10 - The Leasing Agent Trap: Promoting Without Leadership Skills 21:14 - Breaking the Cycle of Hiring Underperformers 24:12 - Pricing, Concessions, and Protecting Your NOI 25:06 - How Better Leasing Leads to Better Lending 28:50 - Missed Opportunities: Garbage, Bad Tours, and No Upsells 33:37 - Final Thoughts, Tech + AI, and the Future of Leasing 35:24 - Gino Wraps it Up We're here to help create multifamily entrepreneurs... Here's how: Brand New? Start Here: https://jakeandgino.mykajabi.com/free-wheelbarrowprofits Want To Get Into Multifamily Real Estate Or Scale Your Current Portfolio Faster? Apply to join our PREMIER MULTIFAMILY INVESTING COMMUNITY & MENTORSHIP PROGRAM. (*Note: Our community is not for beginner investors)
Building managers are facing a pressing challenge, how to balance operational costs with the growing demand for better environments and sustainability.Today, we discuss the true cost of ignoring energy efficiency, from cost to carbon penalties and unhappy tenants. We explore the financial advantages, including potential cost savings and improved property values, as well as practical strategies for overcoming common barriers to implementing these systems. Our guest today is a leading expert in all things energy efficiency, with over two decades of experience in helping organizations optimize their energy use. It is a pleasure to welcome the founder of Selling Energy, Mark Jewell.THINGS WE SPOKE ABOUTEnergy efficiency is a ‘win-win' for utilities, customers, manufacturers, and vendorsMaintaining or increasing Net Operating Income with energy efficiency How longer-use filters can counteract labour shortages and environmental damages Overcoming barriers to implementing energy efficiency Financial risks of losing tenants due to poor building systems GUEST DETAILS Mark Jewell is the President and co-founder of Selling Energy.He is a subject matter expert, coach, speaker and best-selling author focused on overcoming barriers to implementing projects. Mark teaches other professionals and organizations how to turbocharge their sales success.Through his in-person and online training, daily blog, app for iOS, app for Android, YouTube, and Social Media accounts, Mark Jewell provides ideas and inspiration for everyone from the eco-entrepreneur to those with Fortune 500 companies.https://www.sellingenergy.com/about-mark-jewell MORE INFORMATIONABOUT CAMFIL'S CAO INITIATIVEThe Chief Airgonomics Officer initiative was started by Camfil, a leading manufacturer in premium clean air solutions and an advocate for access to clean air.The Chief Airgonomics initiative is being driven at a time of urgency: sensitivities over air have heightened due to the COVID-19 pandemic, air pollutants are well known to damage the environment and the newly published WHO Air Quality Guidelines show us that air pollution is more damaging to human health than previously understood.The initiative is a direct response to these realities while also bringing to life Camfil's mission of protecting people, processes and the environment. It also puts into practice Camfil's knowledge and expertise built over more than half a century and that it is eager to share with its peers and wider audiences to improve people's lives.Our Vision : Clean and healthy Indoor Air should be a Human rightOur Mission: We want all companies and organisations to put clean and healthy indoor air on the agendaCamfil believes that real change can only happen through collaborative effort and wants your organisation to join the clean air movement and community. Start your clean indoor air journey today!CAO Website: https://www.chiefairgonomicsofficer.com/ CAO Linkedin Group: https://www.linkedin.com/groups/12679402/ Let's Talk Clean Air is produced for Camfil by Dustpod.ioQUOTESA lot of people forget that the only reason we have buildings that are occupied by occupants is to make sure those occupants are productive and safe. - Mark Jewell I think you need to expand the definition of efficiency to more than just energy efficiency. It's the efficiency of labor too. - Mark Jewell Do you really want to throw out four filters a year when you could throw out one? The landfill is not free, right? - Mark Jewell One of the biggest barriers is ignorance. I think that it's possible that a lot of people don't really know what's possible. - Mark Jewell It used to be a green premium, now it's a brown discount if your building does not have systems that can guarantee the health and safety of the occupants. - Mark Jewell KEYWORDS#energy #efficiency #airquality #HVAC #carbonfootprint #buildingmanagers #filter
Net Operating Income is the key to investing success! You've heard us say that a million times. Then why don't lenders care about it? Join Pat for a look at what lenders really care about when it comes to NOI.
Welcome to another insightful episode with Gino Barbaro, co-founder of Jake and Gino! In this video, we dive into the three critical methods appraisers use to evaluate commercial real estate, specifically multifamily properties. Whether you're a seasoned investor or just starting, this is your ultimate guide to understanding how to maximize value and build wealth through multifamily investments.Key Takeaways:Sales Comparison Approach: Discover how residential and commercial properties are compared to determine value.Replacement Cost Approach: Learn why buying below replacement cost can signal a great deal.Income Approach: The gold standard for multifamily valuation—understand how Net Operating Income (NOI) drives value.Subscribe for exclusive Masterclass Mondays and behind-the-scenes content to elevate your real estate investing journey!Join the Jake & Gino Community for more tips and resources: Subscribe Now We're here to help create multifamily entrepreneurs... Here's how: Brand New? Start Here: https://jakeandgino.mykajabi.com/free-wheelbarrowprofits Want To Get Into Multifamily Real Estate Or Scale Your Current Portfolio Faster? Apply to join our PREMIER MULTIFAMILY INVESTING COMMUNITY & MENTORSHIP PROGRAM. (*Note: Our community is not for beginner investors)
Although I did not attend the most recent Self Storage Association convention in Las Vegas, I have been studying many of the sessions that occurred there. One thing I found very interesting was the presentation that showed the results of StorageMart's Compound Annual Growth Rate (CAGR) of Net Operating Income over the past five years using the data from 75 stores. Let me share my takeaways from that and one way we use this idea in the real world as we look at opportunities. **Online Courses at The Quickstart Academy** https://TheQuickStartAcademy.com/ **Listen on Apple Podcasts** https://podcasts.apple.com/us/podcast/creating-wealth-through-self-storage/id1588425875 ** 5 KPIs we measure** https://creatingwealththroughselfstorage.lpages.co/top-5-kpi-ebook/ **My blog** Creating Wealth Through Self Storage **Facebook** https://www.facebook.com/markhelmselfstorage/ **Twitter** Tweets by MarkHelmSelfSt **The Storage World Analyzer** http://storageworldanalyzer.com/ **The QuickStart Academy Store** https://quick-start-academy.myshopify.com
Hosted on Acast. See acast.com/privacy for more information.
Greetings my fellow investors and truth seekers, this is the Truth About Real Estate Investing Show for Canadians and if you're addicted to social media like I am, there's not a lot of good news within our community. It's not all bad, we just had Kelly Caldwell, Victoria Cluney, and Milena Simsic. Spencer and Ashley with their AirBnbs, Zac Killem whose company Front Lobby will thrive. In general those with healthier portfolios as in not over leveraged, focus on cash flow and operational execution are doing just fine like many past guests of this show. I was just speaking to one investor/Realtor while preparing this episode who did just that, he's buying more multifamily buildings and completed two flips in the USA. Off the top of my head, I can think of two past guests in significant financial trouble, one has already declared bankruptcy, the others owe a lot of people a lot of money to individual investors, not just banks. Individual investors post to social media and tell others to warn them. I know because I have friends everywhere in the community and the messages arrive in my DM's. Both were newer to real estate as they made the switch to full time within the last five years or so. I've left the episodes up because as far as I've know, there was no criminal intent nor are they being accused of any. I run a real estate investment business called iWIN Real Estate where we are always looking to learn, evolve, and adopt best practices to help our clients optimize their investments and time, the only non-renewable resource. We started investing in single family, then multifamily, then student rentals, basement suite conversions, to garden/garage suites and it's gotten unaffordable. We use Ai all through out our businesses. I used Chatgpt to research case law when sellers accepted a higher competing offer when we had already accepted their counter offer. I've used Chatgpt to proof read my clauses for counter offers which saves everyone time: my clients, my lawyer, my broker. I'm working on creating a digital duplicate of myself as I'm really busy booking calls to discuss USA investing. 80-90% of the questions are the same: what is the legal structure to own US properties, how do you get a mortgage, what are the fees like, etc… all repetitive I could have an Ai twin version of myself do. If you think I'm crazy, check out the found of LinkedIn, Reid Hoffman's two way interview of his own Ai twin: https://www.youtube.com/watch?v=rgD2gmwCS10 For anyone in sales or customer service, if you're not afraid for your job, I don't know what will. This is one reason I diversify my business, use Ai tools, own cash flowing real estate. The owner of Property Guys was on BNN talking about how 25% of Realtors in the USA will leave the industry after those historic lawsuit settlements. This August, listings will no longer display co-operating commission for buyer agents hence buyer agents must negotiate commission from the buyer. Property Guy mentioned there are two lawsuits in the works in Canada which confirms the rumours I've heard. The implication is the public will be more aware that Realtor commissions are negotiable, they always have been and it my experience, sellers who want top dollar when selling will continue to offer co-operating commission. Most of the professional investors do it. I do it, I actually offer above market co-operating commission and use it as a marketing tool and negotiation piece. I mean it's worked for me, the last four houses I sold, I did so, on average in 22 days on market. Point is, I'm a Realtor, I've worried for my job since 2010 and never been more worried with Ai, class action lawsuits and competition among other Realtors at their highest levels ever. If only we had as many doctors and Realtors. Imagine how good our health care would be. For complete business and investment sense, I of course partnered with SHARE, a tech enabled asset manager that allows Canadians to be US landlords without all the heavy lifting. My 17 listeners know I've conducted well over 300, hour long interviews with successful and some no longer successful real estate investors work, invest, blood, sweat and tears. In terms of cash flow and overall returns to effort, I haven't seen anything before that beats SHARE's offering. In short, I've seen how the top investors implement their real estate investment business and can separate the hype from results. Those with results did not overleverage, were in control the whole time, delivered operationally to renovate and rent as fast as they could. Those who didn't are the ones making all the headlines in the news for declaring bankruptcy protection or bankruptcy or have their names dragged through Facebook groups for owing money. I had a call with a newer investor who's got a great investment property in BC, she AirBnb's the triplex in the summer months then rents to students during the school year. That's investing on steroids and she's rewarded with six figures of rental income. The investor asked why I call in long-term single family rentals boring? To me it's not exciting, there's nothing innovative about it vs. what gets all the attention and likes on social media, note how many of those influencers have gone quiet or done major pivots. I know one big time condo agent appears to have pivoted to coaching Realtors which is going to be really tough in this market. My clients and I's investing is as passive as possible and we've done quite well. Our biggest challenge is under rented properties due to rent control but over the long-term, we've all done amazing with market appreciation. Compare that to Airbnb in the summer where this newer investor does all the client interaction and only outsources the maintenance and cleaning to a property manager for 10% PM fees. Student rentals in my experience are a niche investment that is much more challenging to insure, manage, and get cheap financing. My last student rental mortgage was with Home Trust at over 8% interest plus 1% lender fee. Again, a wonderful business for the active investor. Just be prepared for plans B and C and D should the municipality turn against student rentals or AirBnb. Just last week, 10,000 protesters in Barcelona took to the streets, some even using water guns to shoot at tourists. The Mayor of Barcelona is banning 10,000 Airbnbs in the city… this makes me thing I need to buy some shares of hotels… source: https://www.ft.com/content/287c1d53-7dd0-410c-88bb-f43277c851b6 In my city, the City of Hamilton implemented rental licensing in the student neighbourhoods with plans to expand across the entire city and the mayor is former NDP leader Andrea Horwath. To conform to licensing could costing landlords from a couple to several thousands of dollars in order to comply along with ongoing fees. Thankfully I've sold my student rentals and I'm grateful for having done so as I look out the window of my office and know there are basements being flooded all over the province. There's plenty of investors struggling out there already who don't need this. This widespread flooding event will push up insurance rates yet again, more housing cost inflation we can NOT pass onto the tenant in a rent controlled environment. As someone who despises risk, I'm removing basement flood risk by divesting local houses and investing in houses in the USA that don't have basements. I'm advising friends, family and clients to not invest in suiting their basements as it makes more sense to allocate those funds to buying a house in the USA. To close on my house in San Antonio I need $97,000 US$ including a $10k reserve fund. A typical basement apartment conversion is $160,000 in my experience and you're vacant six months. How long depends on the municipality and the quality of your contractor. My San Antonio tenants are renting the house back from me so I have zero vacancy and can defer my renovations till after they move out which I hope is never since this is Texas and there is no rent control Only in colder climates do we need basements that go below the frost line to prevent heaving. The same problem doesn't happen in the southern USA making housing a lot less expensive to build, no need to ever have waterproof let alone flooding if you avoid coastal areas and Florida. Even if you wanted to buy a turnkey duplex in Hamilton, Barrie, Oshawa, Ottawa etc… I've chosen those cities as prices and rents are similar there, I've calculated the capitalization rate = $ Net Operating Income / $ price at 4.1%. Compare that to what my clients are getting, low five to mid 7 cap rates in the USA. The numbers don't lie, the laws are landlord friendly, no rent control, and commercial style mortgages for us Canadian investors. I make way more commission selling a Canadian property than an American one but I want happy clients hence I recommend US investments over Canadian ones. Diversification and cash flow reasons alone make plain sense. The truth is also it's way easier selling US income properties. I've sold way more US income properties than Canadian ones this year, never in my career since 2010 as a Realtor have I seen so little interest by investors to buy local income properties when the timing is ideal to pick up deals. I do truly worry for my fellow real estate professionals in Realtors and mortgage agents/brokers. There's a lot of them already and if they make a living focusing on selling local real estate investments and they not able to sell US products, I won't be surprised to see many of them leave the industry. To me, it's all a matter of education before investing in the USA via SHARE by Canadians is the norm, I honestly love my work, SHARE is the partner every lazy investor like me is looking for except they don't take any equity share of the investment. Control and ownership remind 100% mine and Cherry's. I'm going to record a video comparing a new condo investment vs. a duplex vs. my client's property. He's from Montreal, has never seen the house that is a 7.6% cap rate that only cost him about $160,000 Canadian. Link is in the show notes. There is no guest this week. I literally had invited a former coach of a defunct real estate “university” as they invest big, nice people but their name is being blasted on social media for not making payments on their private mortgages. The coach didn't respond which never happens as gurus generally love coming on my show. This isn't an indictment on the coach/investor. If they can survive they'll come out a winner. Even if they don't, I believe them to be talented and will come back. Personally I don't like my investments to be a roller coaster hence I choose boring as I don't have thick enough skin to tell people I've lost their money or I can't pay them back. That's just me. The world needs the self declared crazies like Steve Jobs and Elon Musk. I just know I'm not that and stay in my boring lane. But I do have equity in SHARE, I have some say in the company's direction as Head of Business Development in Canada and I don't see a more efficient path to my company's 10 year gold: help 200 Canadians become real estate millionaires. I'm at 45 or so now and I can see it in my mind's eye, 10 years from now enjoying golf and dinner with 200 Canadian real estate millionaires who've gained a lot of financial peace via their boring real estate investments. I can't wait but I'm totally enjoying the journey. iwin.sharesfr.com if you'd like to learn about the deals my clients and I are doing, from there you can book a Zoom call with me. Past clients, I'm always down for coffee, dessert, breakfast, lunch, dinner, or golf. You know where to find me.
Welcome back to Keeping it Real Estate! In this episode with Mike Roeder, we explore how AI is revolutionizing the real estate industry, based on key insights from the AI in Real Estate conference in New York City. Discover the top five takeaways, including the importance of cybersecurity, leveraging third-party AI tools, and using AI to solve problems, automate tasks, and enhance tenant experiences. Learn about cutting-edge tools like Happyco, Elise AI, Placer.ai, and Swarmalytics, and how they're driving efficiency and boosting Net Operating Income. We'll also share how Granite Towers Equity Group has implemented AI across our Dallas assets, improving staff efficiency and tenant engagement. Tune in to learn how AI can transform your real estate investments. Visit www.granitetowersequitygroup.com/invest to join our email list and stay updated on our latest investment opportunities. Thanks for listening! Keeping it Real Estate is brought to you by Granite Towers Equity Group, helping investors create passive income through multifamily real estate. To get in touch with the founders of Granite Towers, Mike Roeder and Dan Brisse, visit https://www.granitetowersequitygroup.com/contact
NOI is the second of the three building blocks to successful multifamily investing. NOI is the driver of both cash and equity growth. Join Pat for a discussion of how NRI, Other Income, and Op Ex create this financial powerhouse.
Net Operating Income is the Key to a successful multifamily real estate investment.....but what is the driver of NOI? Net Rental Income - NRI is the heart that powers every multifamily investment. Join Pat as we continue this series on the Three Building Blocks to success in multifamily investing.
Regardless of cap rates or interest rates, heavy value-add projects still make a lot of money if there are proven ways to dramatically increase revenue and Net Operating Income in the short term. The key is having the knowledge and the systems to find off-market deals and the ability to consistently execute on the business plans. Matt Ricciardella, Founding and Managing Partner of Crystal View Capital, has made a career out of finding great, off-market deals, adding value, and generating huge returns. Crystal View finds great value-add opportunities in Mobile Home Parks and Self-Storage facilities in secondary and tertiary markets and currently operates in 28 states.
Title: "Adrian Panozzo's: Navigating Challenges, Maximizing Returns, and Building Generational Wealth. Description: Join us on an illuminating journey into the dynamic world of real estate with Adrian Panozzo, a retired police officer turned real estate investor. In this in-depth conversation, Adrian shares his profound insights into the art of transitioning from a stable government job to building generational wealth through strategic real estate investments. Adrian provides a glimpse into his company, Generational Wealth Creators, shedding light on their one-stop-shop approach for investors. The discussion unfolds with a strategic pivot towards the apartment building space, team scaling, and the dynamics of joint venture partnerships. A captivating highlight of the episode is a detailed case study of a 14-unit building investment. Adrian walks us through the intricacies of this venture, emphasizing the judicious use of capital, strategic renovations, and the subsequent increase in Net Operating Income (NOI), resulting in a remarkable after-repair value (ARV) of $3.5-3.7 million. Delving into the financial realm, Adrian breaks down the advantages of leveraging the CMHC MLI selectors program. With a 95% loan-to-value (LTV), up to a 50-year amortization period, and attractive interest rates hovering around 4.5-4.6%, he unveils the financial strategies that have proven instrumental in his real estate success. The conversation extends to the challenges faced in real estate deals, amplified by significant changes in the past year. Adrian underscores the paramount importance of knowledge, exposure, and networking in navigating these challenges successfully. Adrian's rich background as a police officer is explored, revealing how his experience honed crucial communication skills, problem-solving abilities, and a mindset of never giving up. He shares the pivotal moment when he knew it was time to leave his job and pursue real estate full-time, encouraging listeners to believe in themselves and take calculated risks. Adrian Panozzo's Links: Websites:https://generationalwealthcreators.ca/meet-our-founders LinkedIn: linkedin.com/in/adrian-pannozzo-8098b8a9 Instagram: https://www.instagram.com/genwealthcreators/ Email: adrian@investwithepc.com News Letter Hi, First Responders, Buckle up for an exciting journey through the realms of real estate investing in our recent podcast episode featuring Adrian Panozo. A retired police officer turned real estate investor, Adrian spills the beans on his transition from residential to commercial real estate, unveiling a treasure trove of insights and strategies for creating generational wealth. [Insert Podcast Link]
By focusing on Total Cost of Ownership, Andy has helped add over $5 million dollars in recurring, annual Net Operating Income and over $70 million dollars in asset value for his clients.Main point:What is The Total Cost of Ownership Method? How can using Total Cost of Ownership in decision making help increase Net Operating Income? What specific things do you see that consistently cost owners more money? What can they do to fix it? Does your process involve cutting headcount or laying people off?Connect with Andy McQuade:Please subscribe to the YouTube Channel for the latest podcast episodes https://www.youtube.com/channel/UC3PYpcMNzSbggRb41MyF4og?sub_confirmation=1&feature=subscribe-embed-click?sub_confirmation=1andy@andymcquade.comhttps://www.facebook.com/McQuadeAndyhttps://www.instagram.com/McQuade_Andyhttps://www.linkedin.com/in/andymcquade/https://twitter.com/Andy_McQuadehttps://youtube.com/@tcomethodhttps://armcompanies.comPodcast-The TCO Method
Brian McDade of Simon Property Group, Inc. recently shared insights at the Goldman Sachs 2023 US Financial Services Conference. McDade made clear that the company upholds expectations for potential acquisitions, saying, "we're cautious about adding assets because the bar is high, but we've been in the investment business for 30 years, and we're likely to continue to do so." While they remain selective, their track record over the past three decades signals an intention to continue sourcing individual asset opportunities. Activation of these assets as part of the broader portfolio illustrates the group's focus on enhancing the overall franchise and creatively deploying capital. Several key insights can be deduced from McDade's address: Performance: McDade highlighted the dynamic leasing environment the company navigates. They executed nearly 15 million square feet of leases, a new record for Simon Property Group, indicating adaptability to contemporary market expectations. The roster of new deals from diverse sectors—luxury retail, entertainment, food and beverages, health and wellness—suggests a sustained demand, reflecting the company's success in partnering with varied entities. Investments and growth strategy: Simon Property Group has continually engaged in optimizing its assets, a consistent strategic priority. McDade discussed redevelopment plans aimed to maximize space usage while serving rising demand from luxury retailers with new outlets. In an evolving market, the company remains vigilant to acquisitions that could ameliorate the overall franchise value. Commitment to earnings growth: The company's forecast indicates a growth rate of 3% for domestic property Net Operating Income over the next two years. This anticipated growth is attributed to the strong demand for space, the successful conversion of temporary leases to permanent ones, and healthy occupancy rates. Additionally, plans are in place to monetize OPI investments. Proceeds could potentially be used for stock buybacks, reducing debt, and further investments—the company's disciplined approach to capital allocation remains a defining characteristic of their investment ethos. McDade's commentary on Simon Property Group's future trajectory seems to lean towards a strategic mix of cautious acquisitions, space optimization, and an ongoing commitment to capital growth. The active engagement with property leasing and the focused, strategic allocation of future earnings underline the company's prudent yet proactive stance. SPG Company info: https://finance.yahoo.com/quote/SPG/profile For more PSFK research : www.psfk.com This email has been published and shared for the purpose of business research and is not intended as investment advice.
Elizabeth Francisco sits down at NAA 2023 with Rich George, Success Coach for 9 Minutes to Success, to discuss how owner-operators can have transparent conversations with investors, especially when it comes to managing their expectations in a rollercoaster market.Rich is a consultant, trainer, and author for the Multifamily Property Management Industry, specifically helping companies raise their Net Operating Income through strategic planning, talent empowerment, and education. Rich has worked in the property management industry for the past 20 years with many different levels from maintenance to senior vice president. He has a passion for getting the biggest return on investment from the human capital within the industry.About ResMan: ResMan delivers the property management industry's most innovative technology platform, making property investments and operations more profitable and easier to manage. ResMan's platform unlocks a new path to growth for property management companies that deliver consistent NOI improvement and brilliant resident experiences easier than ever before. To learn more about our platform, visit http://myresman.com/
In this insightful podcast episode, our host Whitney Sewell sits down with distinguished guest Andy McQuade, a leading principal at the prestigious Arm Companies. The discussion revolves around the vital topic of Total Cost of Ownership (TCO), a concept that holds immense significance for those immersed in the real estate sector.They explore the lasting financial ramifications of astute purchasing decisions, with Andy presenting real-world examples to illustrate the profound monetary effects of such strategic choices. The episode also underscores the need for operators to boost operational efficiencies and drive income growth from their properties.The conversation sheds light on the fact that many challenges faced by operators are not unique but rather shared across the industry. By tuning in, listeners can expect to gain a wealth of knowledge on how to sidestep costly mistakes and optimize returns in the realm of real estate syndication.Don't miss the opportunity to connect with Andy McQuade, a mastermind in multifamily real estate, directly on LinkedIn. Engage with his wealth of knowledge and stay updated with his latest insights. Connect with Andy on LinkedInFor more in-depth resources and to learn more about his innovative TCO method, make sure to visit ARM Companies' official website. Discover how you can make smarter investment decisions today. Visit ARM Companies' WebsiteVISIT OUR WEBSITEhttps://lifebridgecapital.com/Here are ways you can work with us here at Life Bridge Capital:⚡️START INVESTING TODAY: If you think that real estate syndication may be right for you, contact us today to learn more about our current investment opportunities: https://lifebridgecapital.com/investwithlbc⚡️Watch on YouTube: https://www.youtube.com/@TheRealEstateSyndicationShow
Scaling a portfolio is a critical aspect of investment success. Whether you are a seasoned investor or just starting, the goal is to expand your portfolio strategically to maximize returns and mitigate risks. Traditionally, many investors have relied on Joint Venture (JV) partnerships to achieve this, pooling resources with other investors to access more significant opportunities. However, there is a growing trend of individuals and entities seeking to scale their portfolios without needing JV partners. In this episode, we will explore the key strategies and principles for achieving portfolio growth without the involvement of JV partners, with insights and expertise from Myuren Chanthirakumar, an accomplished investor and portfolio strategist. Don't miss an episode - join our announcements email list http://eepurl.com/h6kR9b Join us in our Facebook Group https://www.facebook.com/groups/1650395342027022 Follow us on Instagram https://www.instagram.com/blackwealtheffectnetwork/ What you will learn from this episode: Acquire compelling strategies and insights that are revolutionizing the arena of real estate investing. Acknowledge the tremendous impact personal capital can have on the outcomes of your real estate investments. Master creative financing options and overcome your income limitations, irrespective of your current financial situation. Ascertain the overlooked differences between residential and commercial appraisals to make astute investment choices. Unravel the significance of cap rates in property valuation, providing you with an indispensable tool in investment assessment. Safely navigate current market tides and understand why a portfolio of smaller properties could be your best investment yet. Myuren Chanthirakumar is a real estate investor who achieved remarkable success shortly after graduating college. With a background in commercial property appraisal, he identified opportunities in underperforming properties and raised their rental income and value. He owns 13 properties with approximately 40 rental units without joint venture partners. His journey began in 2018 when he transitioned from a traditional corporate job to becoming a commercial appraiser. His experiences in the industry sparked his interest in real estate investing, and he mastered the art of buying underperforming assets and employing creative financing techniques. Within two and a half years, he built an impressive portfolio. He emphasizes the value of sole ownership and believes in the real estate market's power of determination and innovative thinking. Topics Covered:00:00:00 - The Importance of Having Capital in Real Estate Investing, 00:01:43 - Introduction to the Guest, 00:02:27 - Overcoming Early Challenges in Real Estate Investing, 00:07:59 - Understanding Residential and Commercial Appraisals, 00:14:44 - Understanding Cap Rates and Net Operating Income, 00:15:49 - Comparing Cap Rates for Different Property Types, 00:16:57 - Importance of Property Quality and Tenants, 00:19:30 - Pivoting Strategies in the Current Market, 00:28:17 - "Conclusion and Farewell" Connect with Mario Griffiths: Facebook: https://www.facebook.com/marioginvest Instagram: https://www.instagram.com/marioginvest/ LinkedIn: https://www.linkedin.com/in/mario-griffiths Connect with Myuren Chanthirakumar: Linkedin: https://www.linkedin.com/in/myurenc/ Twitter: https://twitter.com/myurenc
Unlock the power of smart utility management with our guest Kevin from Multi Family Utility Solutions. Promise yourself this - by the end of this intriguing conversation, you'll have a comprehensive understanding of how to increase net operating income by strategically managing utilities. Not just that, you'll learn how to navigate the tricky waters of due diligence for multi-family investments. But we don't stop there. Ever wondered how to extract the maximum income from your properties? We discuss how understanding your investment goals and the property culture can guide you through this process. Together with Kevin, we discuss the pros and cons of offering cable services, the role of wireless providers, and how enhanced internet services can upgrade your property to a higher class. Now, let's talk about the future. We examine solar energy and how you can leverage it to maximize benefits, from rebates to incentives. We also take a deep look at the FCC's ruling on exclusive rights to property and the streaming vs. cable TV debate. Finally, we round off with a book recommendation that'll help you measure success in life and optimize progress. Don't miss out on this episode packed with insights on multifamily property ownership!https://multifamilyutilitysolutions.com/248) 930-4768Kevin@MultifamilyUtilitySolutions.comKevin's Book: https://changeyourthinkingigniteyourlife.com/The Gap and The Gain: The High Achievers' Guide to Happiness, Confidence, and Success. Link to book: https://a.co/d/8CIGbTL
Do You Ever Wonder welcomes Stuart Gelb, CEO of The Liquidity Source!There are more than $4.4 trillion of outstanding commercial mortgage loans, and in 2023 $728 billion, and in 2024 $659 billion, are going to need to be refinanced.No Easy Task!Factors compounding the sheer size of these numbers are many, with one being the fact that Signature Bank, a major lending player in the commercial mortgage market (12% in NYC), failed and was acquired by Flagstar Bank.But It's Not Just Signature Bank!There is a Perfect Storm of Issues Hitting the CRE Mortgage Market!▲Interest and Mortgage Rates are Significantly Higher▼Net Operating Income in Many CRE Sectors is Down▲Cap Rates are Higher▼Loan to Value is Lower▲Underwriting Parameters at Lenders Will Be Increasingly Stricter▼Lenders Looking to Actually Lend are Decreasing▲Compensating Balances Will Be Required By Lenders▼Some Sectors of the CRE Market are Historically Out of FavorSo What is a Borrower to Do?Lenders that are actually looking to make loans are needed, along with someone who knows how to find them!But more than that, whoever is helping a borrower needs to take a holistic approach by sitting down with that borrower to determine what their unique situation may be.All loans are not created the same, and a CRE mortgage professional can help a borrower get the right loan that works for them.That's where a broker like The Liquidity Source and Stuart Gelb come in. Stuart is in touch with hundreds of lenders around the country knowing each one's appetite for specific types of loans in the various CRE sectors.No longer does it work to go down to the corner bank, present your loan scenario, and sit back while a commitment is determined and presented to you. A mortgage professional who can help address your individual needs is required!Stuart can be reached at The Liquidity Source, or by email at stuart@theliquiditysource.com. ________________________________________________Please subscribe to Do You Ever Wonder using the two links below, and don't be shy about sharing the links with your friends.Subscribe on your favorite streaming platform here: https://areyouwondering.buzzsprout.com/shareSubscribe to Do You Ever Wonder on YouTube here: https://www.youtube.com/channel/UCzmL4Yaump_9Q7tMSChDoUQ____________________________________________Are you interested in appearing as a guest on the Do You Ever Wonder podcast?The Do You Ever Wonder podcast is brought to you by New York title insurance provider Hallmark Abstract Service, and hosted by its CEO Mike Haltman.Hallmark Abstract Service...You Buy, We Protect!Read the article 'Are New York Title Insurance Providers All The Same?' here, https://www.hallmarkabstractllc.com/?p=10321.Questions about the podcast, NY title insurance, or the RE transaction process? Let us know at Hallmark Abstract Service at (646) 741-6101.
Real Estate Wealth Builders: Unlocking Profit Potential through Net Operating Income Join host Vinney Chopra, renowned real estate expert and investor, as he delves into the world of maximizing Net Operating Income (NOI) in the real estate industry. In each episode of "Real Estate Wealth Builders," Vinney shares invaluable insights, strategies, and practical tips for property owners, managers, and investors looking to increase rental income, enhance property value, and achieve long-term financial success. From understanding the importance of NOI and its distinction from net operating cash, to exploring innovative ways to bring rental income closer to market rates, Vinney leaves no stone unturned. Discover how optimizing occupancy rates, strategically raising rents, and implementing value plays can transform underperforming properties into profitable assets. Vinney's expertise extends beyond rental income. He sheds light on the various expenses that impact NOI, including taxes, insurance, marketing costs, property management, and payroll. Learn how to effectively manage these expenses and identify opportunities for cost reduction to maximize your bottom line. The podcast also dives into the world of property upgrades and amenities as catalysts for income growth. Vinney discusses the power of smart technology integration, security measures, and resident-focused special events in elevating property value and tenant satisfaction. Plus, gain insights into negotiating with contractors to ensure seamless property takeovers without disrupting tenant occupancy. Whether you're a seasoned real estate professional or just starting your journey, "Real Estate Wealth Builders" equips you with the knowledge and strategies needed to increase your Net Operating Income and create a prosperous real estate portfolio. Tune in to this podcast and unlock the keys to building wealth through NOI optimization. Don't forget to head over to iTunes to subscribe, rate, and leave a review. It's very much appreciated. https://podcasts.apple.com/us/podcast/syndication-made-easy-with-vinney-smile-chopra/id1473126675 INVEST with Vinney [Accredited Investors ONLY]: https://vinneychopra.com/invest/ https://www.accreditedinvestor.blog/book-a-call LEARN from Vinney: https://vinneychopra.com/mentoring Want more information about value-add multifamily investment properties? Click here: https://multifamilymentor.blog
Roschelle McCoy has been investing in real estate since 2017 and currently controls over $6M worth of real estate assets in Illinois and Florida. Her portfolio began with single family and small multifamily properties which she forced appreciation by 2x and doubled the Net Operating Income in three short years. Now focused on large multifamily investing, she's both a limited partner and general partner in nearly 300 units. Today, we discuss how her career in management and the skills of developing systems and processes has set her up for success in the multifamily world. She also reveals what incredible software her team uses to help inspect and manage their properties. Don't miss it! Connect with Roschelle: Website: https://www.investtitanium.com/ LinkedIn: https://www.linkedin.com/company/investtitanium FB: https://fb.me/investtitanium Instagram: https://www.instagram.com/investtitanium/ Roschelle's Prayer Request: Busy season of life and helping plan a St. Jude run in August. Thank you to our sponsor for this episode: Prominent Title: https://www.prominenttitleagency.com/ Contact Rob at: robert.calabrese@ptagency.com Connect with Lee: Website: THREEFOLD - Real Estate Investing (threefoldrei.com), Email: info@threefoldrei.com, Facebook: Threefold Real Estate Investing | Facebook, LinkedIn: Lee Yoder | LinkedIn, NEW!!! YouTube Channel: https://www.youtube.com/channel/UCGM93x6ZEDa4n9yH7UP97iA Check out our Free E-book! https://threefoldrei.ac-page.com/5-steps-to-passive-income-for-the-full-time-dad
As inflation has taken a big bite out of renter's pocketbooks, delinquencies on C Class apartments have increased, and prices on these assets have come down. In the next couple years, a lot of inexperienced operators who bought these properties and not significantly improved Net Operating Income, will have trouble getting extensions on their loans. This will result in great buying opportunities for experienced operators to acquire these assets at reduced prices. John Cohen, Founder and owner of Toro Real Estate, has done incredibly well in C Class properties in Columbus, Ohio and the Carolinas, and sold most of these properties over the last couple years. John has recently focused on ground up development.
In most tertiary markets in the Midwest, there's been very little new building of multifamily housing in many years. Therefore, buildings in many of these markets have very high occupancy levels. These markets also tend to have smaller, ma and pa management, so there's a lot of opportunity to reduce operational costs and raise rents, thereby improving Net Operating Income and creating great cash flow. Seth Teagle, Principal of The Stream Group, a vertically integrated multi-family operator, has built an impressive portfolio of C and B class properties in Central Ohio. Over the past few years, Seth has learned from mistakes on how to accurately budget for cap-ex on heavy value-add projects, an area where a lot of inexperienced operators go wrong.
Kevin Gardner spent nearly 20 years with Comcast and was responsible for managing the team that negotiated agreements with multifamily property owners. For Multifamily Property Owners across the country and their management companies, Kevin's experience has resulted in favorable contract terms and improved Net Operating Income.In 2021, Multifamily Utility Solutions clients increased their NOI by more than $4,000,000 resulting in an increase in asset value of over $100,000,000. Kevin is also the author of Change Your Thinking, Ignite Your Life: What Are You Telling YourselfDownload the full episode here: https://www.buzzsprout.com/1650301/11896609-episode-79-driving-huge-increase-in-net-operating-income-through-utilities-negotiations-with-kevin-gardner.mp3?download=trueKey topics in this episode: How Kevin leverages contract terms to drive NOI for multifamily owners, specifically in the utilities space around cable and internet Key messages in Kevin's book and his purpose/drive in his business Kevin's eye opening moments during his journey from recovery over the past 6 years Get in touch with Kevin: www.MultifamilyUtilitySolutions.com#podcast #multifamily #assetmanagement #podcasting #podcastlife #financialfreedom #investing #cashflow #redlineequity #crushingit #crushingcashflow #gains #finance #buildingwealth #coffee #coffeedrinkers Learn more about investing with us www.investwithredline.com
Kevin spent nearly 20 years with Comcast and was responsible for managing the team that negotiated telecommunications access agreements with multifamily property owners.In 2007, Kevin started Telecom Marketing Strategies (Parent company of Multifamily Utility Solutions). In 2017, Multifamily Utility Solutions became its own entity to better serve the needs of Multifamily Property Owners.For Multifamily Property Owners, Kevin's experience has resulted in favorable contract terms related to their telecommunications agreements which are important even if Owners do not pay for their residents' cable. At the request of clients, MUS expanded their services to include electric and gas utilities. Now MUS clients can benefit from improved Net Operating Income in multiple utility services.MUS serves clients across the country with as few units as a hundred to ones with thousands.After decades working for cable companies and both negotiating and overseeing the departments that negotiated multifamily access agreements with property owners, Telecom Marketing Strategies began to offer the benefit of this experience to multifamily property owners.As demand grew, property owners requested assistance with their other utilities and Multifamily Utility Solutions was born.Multifamily Utility Solutions now does business throughout the US for multifamily property owners with as few as 50 units and others with thousands of units.https://multifamilyutilitysolutions.com/(248) 930-4768Kevin@MultifamilyUtilitySolutions.com111 Pearl Road, Brunswick, OH 44212
When things go wrong in a smaller apartment deal, it can wipe out all the Net Operating Income and profit in the deal. On bigger deals over 100 units, the property can absorb a lot more unexpected costs or mistakes before it erodes all the profit. Augostino Pintus, founder of Realty Dynamics Equity Partners in Cleveland, realized early on that it was much easier for him to operate bigger buildings. He also chose the Cleveland market because it didn't have the crazy competition of many markets in the South and Southwest and he could get better returns. Now that even Cleveland has gotten more expensive, Agostino is doing ground up multifamily development in urban infill areas where young professionals are moving into. He's also started a fund of NNN lease properties where he's generating monthly checks for his investors.
This episode is a compilation of answers to YOUR questions that were asked directly from my listeners who attend my weekly business education YouTube live webcast. Topics covered include: How government bonds work, Net operating income for real estate, Is price and volume important to look at when investing and more. Refer to chapter marks for a complete list of topics covered and to jump to a specific section. Download my free "Networking eBook": www.harouneducation.comAttend my weekly YouTube Live every Thursday's 8am-11am PT. Subscribe to my YouTube Channel to receive notifications. Learn more about my MBA Degree ProgramConnect with me: YouTube: ChrisHarounVenturesCompleteBusinessEducationInstagram @chrisharounLinkedIn: Chris HarounTwitter: @chris_harounFacebook: Haroun Education Ventures TikTok: @chrisharoun
On today's episode Bill discusses how important it is to know what your Net Operating Income is. You don't want to miss it! You can find Bill online at: https://www.facebook.com/groups/284886002732508 - The Free Build STR Wealth Facebook Group Build STR Wealth BK Hot Picks Instagram: @BillFaeth73 Tik Tok: @bfaeth
Technology has a way of doing things bigger, better, and faster, and in doing so, it has the ability to disrupt established business plans, markets, and entire industries completely. Today's guest Neal Bawa is known as the “mad scientist of multi-family” and in this episode, he warns us that if we ignore the developments in PropTech it could be detrimental to our livelihoods as real estate asset managers. He also explains that by getting ahead of the game there are a lot of expenses that can be reduced and money to be made from the innovative developments in this field. Neil is a data guru, process freak, and outsourcing expert with almost $1 billion in assets in his portfolio and 800 active investors. He is well known for his ability to apply big data, big data analytics, technological processes, and outsourcing to real estate. Listening in you'll hear more about what PropTech is, what you can do with it today, and what you will be able to do with it in the future. To hear about some revolutionary ways to save money on real estate management, from smart vents to water leak detection devices, robots security guards, and others, tune in today! Key Points From This Episode:An introduction to Neal Bawa and how he came to be known as the “mad scientist of multi-family”. How he applies analytics to different asset classes to figure out which are performing better at any given time. An introduction to what PropTech is, what you can do with it today, and what you will be able to do with it in the future. The power of technology to disrupt business models and why everyone should follow developments in PropTech. The example of smart vents to demonstrate the value of PropTech. Water leak devices as a way of reducing insurance costs. How not staying up to speed with advancements in technology can cost operators money.Moving robots in the place of security guards as a way to save you money.How PropTech can help you generate income from a pet lease. Technological developments that we will benefit from in the future; including 3D printing and modular construction. Parking machines as a solution for land shortages. Why Neal considers his employees in the Philippines to be his asset management superpower.Links Mentioned in Today's Episode:Neal Bawa on LinkedIn Neal Bawa on TwitterReal Estate Asset Management Podcast Episode #5 on BuzzsproutMultifamily University MFIN ConferenceAsset Management Mastery Facebook GroupBreak of Day CapitalBreak of Day Capital InstagramBreak of Day Capital YoutubeGary Lipsky on LinkedIn
Deep Dive into Net Operating Income (for Beginners) is all about understanding the contributing factors that affect Net Operating Income and how Net Operating Income is a necessary component of the business Real Estate. We are excited about this Real Estate Fundamentals series because we want to see people succeed. Making Real Estate concepts palatable and user-friendly allows beginners to seasoned veterans to refine their business plans and strategy to make money.
Old Capital Real Estate Investing Podcast with Michael Becker & Paul Peebles
If you are an apartment investor…you need to know what all your costs are going to be in the future. How much for insurance? How much for property taxes next year? How much is my debt service going to be for next year? Am I going to have a NET OPERATING INCOME or a NET OPERATING LOSS? JP Conklin gives us an idea on where interest rates are headed. Typically, your mortgage is the largest line-item expense on your operating statement… It would be good to know if you have an adjustable rate or if you are going to refinance in the future…on where interest rates are headed. JP gives you some insight. Are you interested in learning more about how Multifamily Syndications work? Please visit www.spiadvisory.com to learn more about Michael Becker's Real Estate Syndication business with SPI Advisory LLC. Please leave us a 5 STAR RATING on iTunes; if you enjoyed this podcast.
When you close on an apartment syndication deal, the work is just getting started. Asset management involves maximizing the potential revenue at a property, and identifying new ways to create and grow long term value by increasing the property's Net Operating Income. While your marketing might be what attracts passive investors, asset management is what keeps them coming back! Whether you're an operator, capital raiser, or passive investor, understanding asset management at a fundamental level is essential to making savvy investment decisions. Over the past few years, many operators have benefited from strong markets and rising rental premiums. However, in hard times, the asset manager determines how the property performs. For these reasons, we brought on an asset management expert to discuss these timely topics. Sandhya Seshadri is an experienced apartment syndicator in Dallas with over $100M hundred million dollars in assets under management. Sandhya is experienced in all aspects of multifamily Syndication from underwriting and broker relationships to raising capital and asset management to execute the business plan. In this episode, Kerwin and Sandhya dive into why asset management is so important, particularly during an economic downturn. She also mentions why she keeps cash reserves, managing a property management company, and important KPIs she tracks to ensure her properties perform. She also explains how she manages her capital expenditures budget, why she doesn't assume large rent bumps in her underwriting, and much more. This is an episode you cannot afford to miss! Connect with Sandhya: Website: www.multifamily4you.com Linkedin: Linkedin.com/in/multifamily4you If you want to download our FREE 5 Mistakes New Investors Make Playbook, go to www.donisinvestmentgroup.com/playbook. Follow Us: @donisbrothers on Instagram, Twitter, Facebook @Donis Investment Group on Linkedin Website – www.donisinvestmentgroup.com
When you close on an apartment syndication deal, the work is just getting started. Asset management involves maximizing the potential revenue at a property, and identifying new ways to create and grow long term value by increasing the property's Net Operating Income. While your marketing might be what attracts passive investors, asset management is what keeps them coming back! Whether you're an operator, capital raiser, or passive investor, understanding asset management at a fundamental level is essential to making savvy investment decisions. Over the past few years, many operators have benefited from strong markets and rising rental premiums. However, in hard times, the asset manager determines how the property performs. For these reasons, we brought on an asset management expert to discuss these timely topics. Sandhya Seshadri is an experienced apartment syndicator in Dallas with over $100M hundred million dollars in assets under management. Sandhya is experienced in all aspects of multifamily Syndication from underwriting and broker relationships to raising capital and asset management to execute the business plan. In this episode, Kerwin and Sandhya dive into why asset management is so important, particularly during an economic downturn. She also mentions why she keeps cash reserves, managing a property management company, and important KPIs she tracks to ensure her properties perform. She also explains how she manages her capital expenditures budget, why she doesn't assume large rent bumps in her underwriting, and much more. This is an episode you cannot afford to miss! Connect with Sandhya: Website: www.multifamily4you.com Linkedin: Linkedin.com/in/multifamily4you If you want to download our FREE 5 Mistakes New Investors Make Playbook, go to www.donisinvestmentgroup.com/playbook. Follow Us: @donisbrothers on Instagram, Twitter, Facebook @Donis Investment Group on Linkedin Website – www.donisinvestmentgroup.com
This week's podcast guest is Casey Grey In this episode, you will learn about: CMHC financing and multifamily investment insights What is an environmental assessment? Refinancing and knowing your exit strategy What is NOI or Net Operating Income?... Read More
I'm always fascinated at how technology and innovation can disrupt the traditional way of doing business—especially in the rental property and real estate investing space. Today's guest started a proptech company whose mission is to challenge outdated practices to improve the rental experience for tenants and small mom-and-pop landlords. As a serial entrepreneur in the real estate space, Daniel Mishin founded June Homes to create a substantially better experience for thousands of tenants across NYC, D.C., San Francisco, Los Angeles, Philadelphia and Boston. Daniel also secured over $50 million in funding from venture capital and angel investors. Today Daniel delivers a very important warning about the future of traditional property management methods. Tenants are looking for flexibility in the way they rent, the duration of their lease, and the amenities that are offered. Daniel is going to tell you how to future-proof your rental business and why your website is already outdated. Today's episode might make you a little uneasy about the way you traditionally manage your rentals. But you'll also gain fascinating insight into the future of renting and what you must consider to increase your chances of success. You can find out more at https://junehomes.com. Today's episode is brought to you by Green Property Management, managing everything from single family homes to apartment complexes in the West Michigan area. https://www.livegreenlocal.com And RCB & Associates, helping Michigan-based real estate investors and small business owners navigate the complex world of health insurance and Medicare benefits. https://www.rcbassociatesllc.com
The Investor Relations Real Estate Podcast Episode 51 - If You Take Care Of Enough Of Those Little Things, They Start Adding Up To Be Big Things Host: Jonny Cattani Guest: Kevin GardnerProducer: April MunsonJonny Cattani is joined by Kevin Gardner to discuss: Why internet agreements are necessaryThe various types of agreements (bulk, non-bulk) How this adds to the bottom line Our Free AssessmentMUS win-win compensation modelKevin spent nearly 20 years with Comcast and was responsible for managing the team that negotiated agreements with multifamily property owners. For Multifamily Property Owners across the country and their management companies, Kevin's experience has resulted in favorable contract terms and improved Net Operating Income. These telecommunications agreements are important even if Owners do not pay for their residents' cable or internet as access to their property has value. MUS helps owners realize this value. MUS serves clients across the country with as few as a hundred units to one's with thousands. In 2021, MUS clients increased their NOI by more than $4,000,000 resulting in an increase in asset value of over $100,000,000.Linked material referenced during the show: Book: The Go Giver - Bob Burghttps://www.amazon.com/Go-Giver-Expanded-Edition-audiobook/dp/B0168Y6UO6/ref=sr_1_1?crid=2L46GNKA4K9QV&keywords=the+go+giver&qid=1654555691&s=audible&sprefix=the+go+giver%2Caudible%2C92&sr=1-1Book: Never Split The Difference - Chris Voss https://www.amazon.com/Never-Split-Difference-audiobook/dp/B01COR1GM2/ref=sr_1_1?crid=B4UBI0PI3IFN&keywords=never+split+the+difference&qid=1654555657&sprefix=never+split+the+difference%2Caps%2C104&sr=8-1Connect with Kevin!Email: Kevin@MultifamilyUtilitySolutions.com Phone: (248) 930-4768Connect with Jonny!Cattani Capital Group: https://cattanicapitalgroup.com/Invest with us: invest@cattanicapitalgroup.comLinkedIn: https://www.linkedin.com/in/jonathan-cattani-53159b179/Jonny's Instagram: https://www.instagram.com/jonnycattani/IRR Podcast Instagram: https://www.instagram.com/theirrpodcast/TikTok:https://www.tiktok.com/@jonnycattani?lang=enYouTube: https://www.youtube.com/channel/UCljEz4pq_paQ9ke
Often new passive investors start with a shotgun approach when it comes to sponsors - invest with a lot of different sponsors at the minimum and you do your best to vet each one. That is how Travis Watts, the Director of Investor Relations at Ashcroft Capital, started his passive investing journey. Now that he has a stable of sponsors he knows, likes and trusts - he is investing larger amounts with fewer sponsors. Join Jim Pfeifer as he and Travis talk about investing strategies, sponsor selection, the importance of setting goals and paying attention to the most critical metric in the proforma, Net Operating Income. Tune in for great tips and tricks from a very experience passive investor! To see the full show notes and transcript, click here.Our sponsor, Tribevest provides the easiest way to form, fund, and manage your Investor Tribe with people you know, like, and trust. Tribevest is the Investor Tribe management platform of choice for Jim Pfeifer and the Left Field Investors' Community.Tribevest is a strategic partner and sponsor of Passive Investing from Left Field.
Hey! Jason Yarusi here.I recently hopped on a call with one of our 7 Figure Multifamily Members, Jarek Chu.He's asking the value-add questions you should to be asking too.Your value-add plan is so much more than just raising the rents.These are my tips you can implement from Day 1 that will not only improve your tenants' lives but also the value of your building (which means more money in your bottom line).Listen in now!Connect With Jarek ChuWant to connect with Jarek? Connect with him at Want to Learn More About Multifamily Real Estate Investing?If you're an experienced real estate investor and you're ready to get around a community of active multifamily real estate investors who will support you, hold you accountable, and push you to set goals that inspire you as you grow your business, check out 7 Figure Multifamily and see if it looks like a good fit. If it is, I invite you to join in. If you have any questions, please reach out!- CLICK HERE: https://7fm.7figuremultifamily.com/7fmgroup====================Want to continue your multifamily real estate journey? Here are a few more resources to check out...We're holding a live, 3-day IN-PERSON event called Multifamily Live on June 2 - 4… and we're going to open the doors and walk you guys through literally every step of what we're doing on our multifamily deals.We've done events before but nothing this massive or this valuable... But spots are limited… sign up below!- CLICK HERE: MultifamilyLiveEvent.comMultifamily Live Podcast: Subscribe and get more episodes like this one delivered to you every week! Click Here: https://www.7figuremultifamily.com/multifamily-live-podcastFacebook Group: We've built a community of serious investors who are learning and growing their businesses together. Join the Group on Facebook: https://www.facebook.com/groups/multifamilylive/7FigureMultifamily.com: Learn more about who we are, our mentoring groups, upcoming events, and the causes we support at our website. Plus, grab some free downloads and other materials to help you on your real estate investing journey! Click Here: https://www.7figuremultifamily.com/ See acast.com/privacy for privacy and opt-out information.
Flow State of Mind Podcast | Health | Fitness | Physique | Psychology | Business
We know how important protein, fat, and carbohydrates are for a physical transformation but what are the "business macros"? I want to share with you what I believe are the cornerstone metrics to measure when it comes to your business as you grow and evolve. Time Stamps: (2:20) Numbers You Should Be Tracking (5:10) Example of Gross Margin (5:53) Net Operating Income (8:30) Marketing (9:03) Overhead (14:58) Todd Herman Example ---------------- Imagine Being Able To Walk Away From a 2-Day Mastermind Weekend With the Exact Steps to Start, or Scale Your Fitness Coaching Business + Meet Your New Tribe Who Actually “Get It” If this sounds interesting… join Us at the Next Fit Biz Mastermind Weekend - The ONLY live event for fitness coaches that not only teaches you how to increase your income + impact but also will help you eliminate imposter syndrome. December 3-4 in Scottsdale, Arizona! Day 1: 10X YOUR INCOME & IMPACT - Learn How to generate more leads, sign high-paying clients, and grow a respected brand + more! Day 2: Destroy Imposter Syndrome: Learn how to get insane client results, and build a thriving community that “runs on it own.” P.S. Save $150.00 on Your Ticket with Early-Bird Pricing! To Learn More + Get Your Ticket Before They Sell Out! → CLICK HERE ---------------- Want to learn how we can help you start, or scale your online fitness business FOR FREE? Download our 5 New Clients in 5 Days Mini-Course [$4,995.00 Value] The Course Includes…. How We Generate 300k/ Mo From a Free FB Group Our Instagram Secrets Masterclass - How To Use IG To Generate 10-30 New Clients Every Month + Grow an Engaged Loyal Following. What systems, apps, and processes we use in our own business and in the 700+ IFCA client businesses we've helped to structure and streamline. Our Top 10 Organic Fitness Posts That Have Generated More Than 45,675 Likes, 2,560 Comments, and 1,876 New High-Paying Fitness Clients in our Own 7-Figure Online Fitness Business. Our Done-For-You Content Calendar 100+ Posting Ideas Guaranteed To Bring You Pre-Sold Leads, Grow Your Following + Create REAL Authority and Connection Online. How To Craft An Offer That Sells Itself - 5 Keys To an Irresistible “Switch Offer” Our Objection Handling Masterclass - How To Eliminate “I can't afford it” + “I need to talk to my spouse” To Access, Join Our Fitness Business Secrets™ Private FB Group and You'll gain access as soon as you join! To Join For Free Click → JOIN THE FIT-BIZ SECRETS FB GROUP ---------------- Learn More About Impact Fitness Coaching Academy, To Learn More About I.F.C.A - And How We've Helped More Than 725 Fitness Coaches, Experts, and Influencers Grow a 5-35k Per Month Online Fitness Business Without Paid Ads, Complicated Funnels, or Even Having a Large Social Media Following Click Here→ VISIT THE IFCA PAGE ---------------- GIVEAWAY! Leave a rating + review on iTunes, and Have a Chance To Win a $200 Amazon Gift Card + Special Prizes! Winners Announced Monthly on The Episode. Simply leave a review, and send a screenshot to the Fit Biz Podcast Instagram Page!
Are you interested in venturing into real estate syndications through passive investing? Do you think your current knowledge in investing is enough to help you succeed? Come and join us in today's episode with Aryeh Sheinbein as he shares his more than twenty years of experience in the financial services industry. He describes some of the motivations that different platforms and operators have when presenting opportunities and how this could influence the performance of an investment. Aryeh also discusses some of the popular metrics sponsors use in their investment presentations and the importance of properly analyzing the sponsor prior to making an investment. Stay tuned to learn different strategies and to help you gain a deeper understanding of passive investing!To see the full show notes and transcript, click here. Our sponsor, Tribevest provides the easiest way to form, fund, and manage your Investor Tribe with people you know, like, and trust. Tribevest is the Investor Tribe management platform of choice for Jim Pfeifer and the Left Field Investors' Community.Tribevest is a strategic partner and sponsor of Passive Investing from Left Field.
Today, Jason Stofer discusses the benefits of investing in self-storage and the implications of developing software that evaluates syndication deals and gives market research data. Keep listening to learn how this asset class creates wealth!Key Takeaways To Listen ForUseful resources to learn self-storage investingTypes of self-storage organizationWays to build a strong networkWays to identify great partners and indicators of good dealsBenefits of investing in self-storage assetsSelf-storage: Advantages, challenges, and futureResources Mentioned In This EpisodeRich Dad Poor Dad | Audible, Paperback The Perfect Investment | Audible, PaperbackFree Apartment Syndication Due Diligence Checklist for Passive InvestorAbout Jason Stofer Jason Stofer is a Self-Storage Owner, Operator, and Syndicator. For the past 6 years, he has invested his time, effort, and money to acquire the knowledge to invest in self-storage properties. This includes highlights such as attending Scott Meyer's boot camp.He owns/manages four self-storage facilities which were acquired between 2020 and 2021. He leveraged his 20 years of Information Technology, Lean & Six Sigma, and Project Management experience to rapidly improve the Net Operating Income of the property by implementing cost-saving technologies and operating practices. For example, the Columbia Smart Storage property was 84% physical occupancy and 74% economic occupancy upon acquisition. Within 3 months of acquiring the property was at 97% physical occupancy and 85% economic occupancy and growing the estimated value of the property from $865,000 to over $1 Million dollars.Jason attended Golden Gate University, graduating in 2007 with a BS in Computer Information System and then a Master's in Business Administration in 2016. He has worked in the Information Technology (IT) field for the past 21+ years with Project Management, Data Analyst, Lean Six Sigma, Six Sigma, and Continues Improvement projects. Jason has the reputation of providing exceptional value to his customers and his community. Connect with JasonWebsite: The Smart Storage GroupTo Connect With UsPlease visit our website: www.bonavestcapital.com and please click here, to leave a rating and review!SponsorsGrow Your Show, LLCThinking About Creating and Growing Your Own Podcast But Not Sure Where To Start?Visit GrowYourShow.com and Schedule a call with Adam A. Adams.Dream Chasers PodcastWant to listen to another Next Level Show?Subscribe to DREAM CHASERS | Interviews with the Future Podcast!
Make It Rain: Multifamily Real Estate Investing for Millennials
Net Operating Income (NOI) Instagram Post: https://www.instagram.com/p/CWA6Ue9MCTX/Coffee We're Drinking: https://www.tweedcoffee.com/retail-coffee/rosalees-12oz-bag-fbkhjFor more info, check us out at makeitraincapital.com.Welcome to Make It Rain: Multifamily Real Estate Investing for Millennials! We're Daisy and Luc, two millennials who love multifamily investing. With every episode, whether we're discussing a special topic or have on an amazing guest, the goal is to provide education and resources for anyone interested in investing in multifamily real estate, especially if you're a millennial. We're excited to chat with you about the what's, the why's, the how's, the who's. The best way to show support is to share it with anyone who might benefit from it and leave us an awesome review. Check out our website at makeitraincapital.com for more goodies. Take action on your financial future TODAY!
How can we keep the cash flowing? Ola, a professional entrepreneur at heart, joins Curtis May to discuss his experiences on investing in real estate. He shares his experiences in owning and managing multifamily properties and turning them into ventures worth over $40,000,000. Ola believes that success does not always come grandly all the time. It is disguised in simple and small events that you may encounter every day. You just have to be vigilant to spot these opportunities. In this episode, he will share a book that boggled his mind and the importance of reading to achieve success. Curtis's motto is that what you learn today and how you position yourself will determine your future financial well-being 5, 10, 20 years from today. To learn more about how to manage your wealth in a practical way, visit www.practicalwealthadvisors.com Links and Resources from this Episode www.practicalwealthadvisors.com Email Curtis for a free report - curtmay@gmail.com Call his office - 610-622-3121 Connect with Ola Dantis https://www.instagram.com/oladantis/?hl=en https://www.dwellynn.com/invest Special Listener Gift Schedule a 15-Minute Call with Curtis Free Ebook Financial Planning Has Failed Show Notes Who is Ola? - 0:40 What got him into the real estate space? - 2:55 Chasing the wrong American Dream - 4:07 Success doesn't come in a fancy present - 5:35 Being successful involves reading - 7:25 House-hacking - 8:33 Investing is not buying something - 9:48 The process of looking for a property - 11:27 Rich Dad, Poor Dad: A book to help you create value - 12:58 You need a mentor - 13:48 Be a sophisticated investor - 15:45 People think it's always about how much money you make - 16:56 Depreciation and Cost-Segregation; Leveraging tax benefits - 21:34 Amplify the existence of the real estate biz - 21:59 One of the biggest expenses is the mortgage - 23:30 6% Prefer Rate of Returns and the 60:40 Method - 24:18 Buy a property, do your best, pass it on - 27:17 Force appreciation and Net Operating Income - 28:41 Business is a numbers game - 31:15 Give back to the community - 32:03 Best way to reach Ola - 33:15 Review, Subscribe and Share If you like what you hear please leave a review by clicking here Make sure you're subscribed to the podcast so you get the latest episodes. Click here to subscribe with Apple Podcasts Click here to subscribe with Spotify Click here to subscribe with Stitcher Click here to subscribe with RSS
Gross income (rents, ancillary income such as laundry, parking), to which we usually subtract a vacancy rate and an economic vacancy (difference between the actual rental income and the gross potential rent of a property) and then the operating expenses: PM, insurance, property taxes, snow removal, lawn care, repair and maintenance (higher on older buildings)Allows to calculate purchase price if you have the cap rate: NOI/Cap rateCash on cash is calculated once we deduct the mortgage payments from that number
Bud is Back! From CAP Rates to Net Operating Income, Bud Evans takes us from evaluation to the purchasing process of a Commercial Multi-Family Property. This process is completely different than a residential evaluation and purchase. If purchasing 5+ doors is an investment you are considering, you don't want to miss this episode! Bud is an investor and licensed agent. He currently operates in NJ and Pittsburgh, PA with single-family homes. He's completed 10 flips and over 20 wholesales over the past 2 years. Bud recently made the move into the commercial multifamily market and just went to contract on a 6 unit property. My areas of interest in Multi-Family are Texas, Oklahoma City, and Florida. www.budbuyshouses.com
Want to become financially free through real estate? Check out our eBook to learn how to jump start a cash flowing real estate portfolio here https://www.therealestateinvestingclub.com/real-estate-wealth-bookIn this episode of The Real Estate Investing Club I interview Kevin Gardner, Kevin Gardner is the President of Multifamily Utility Solutions. Before MUS, Kevin was a Vice President with Comcast where he oversaw the department that negotiated access and bulk agreement with property owners. This experience helps MUS get multifamily property owners an increase in their Net Operating Income by leveraging their utility access rights (cable, internet).. Kevin Gardner is a real estate investor who has a great story to share and words of wisdom to impart for both beginning and veteran investors alike, so grab your pen and paper, buckle up and enjoy the ride. Want to get in contact with Kevin Gardner? Reach out at .Enjoy the show? Subscribe to the channel for all our upcoming real estate investor interviews and episodes.************************************************************************GET INVOLVED, CONNECTED & GROW YOUR REAL ESTATE BUSINESSLEARN -- Want to learn the ins and outs of real estate investing? Check out our book at https://www.therealestateinvestingclub.com/real-estate-wealth-bookCONNECT -- Want to join one of the most active Facebook Groups for Real Estate Investors? Click here to join: https://www.facebook.com/groups/2940993215976264PARTNER -- Want to partner on a deal or connect in person? Email the host Gabe Petersen at gabe@therealestateinvestingclub.com or reach out on LinkedIn at https://www.linkedin.com/in/gabe-petersen/GROW -- Want for us to bring you leads and run your real estate digital marketing? Reach out to our partner agency at https://www.therealestateinvestingclub.com/off-market-lead-generation-servicesWATCH -- Want to watch our YouTube channel? Click here: https://bit.ly/theREIshowMASTERY -- Want to learn how to master your life by mastering your health, wealth, relationships and spirit? Check out our sister podcast, Pursuing Greatness, at https://www.pursuinggreatnesspodcast.com************************************************************************ABOUT THE REAL ESTATE INVESTING CLUB SHOWThe Real Estate Investing Club is a podcast and YouTube show where real estate investing professionals share their best advice, greatest stories, and favorite tips as a real estate investor. Join us as we delve into every aspect of real estate investing - from self-storage, to mobile home parks, to single family flips and rentals, to multifamily syndication!#realestateinvesting #passiveincome #realestateSupport the show (https://paypal.me/GabrielWPetersen?locale.x=en_US)
Join Ramsey Blankenship with his guest, Kevin Gardner, as they talk about a unique concept to increase net operating income (NOI) by leveraging utilities. Kevin is the owner of Multifamily Utility Solutions, a company negotiating and overseeing multifamily access agreements with property owners. He discusses how leveraging utilities increase revenue and reduce expenses for multifamily property owners. Here's a breakdown of what to expect in this episode: How an apartment complex owner monetizes utility permissions The two types of agreements with apartment owners Transition from cable TV to internet services for better revenue Regulated versus deregulated markets What to know more about Multifamily Utility Solutions And so much more! ~ About Kevin Gardner: Kevin spent nearly 20 years with Comcast and was responsible for managing the team that negotiated telecommunications access agreements with multifamily property owners. In 2007, Kevin started Telecom Marketing Strategies (the parent company of Multifamily Utility Solutions). In 2017, Multifamily Utility Solutions became its own entity to better serve the needs of multifamily property owners. For multifamily property owners, Kevin's experience has resulted in favorable contract terms related to their telecommunications agreements which are important even if owners do not pay for their residents' cable. At the request of clients, MUS expanded its services to include electric and gas utilities. Now MUS clients can benefit from improved Net Operating Income in multiple utility services. MUS serves clients across the country with as few units as a hundred to ones with thousands. ~ You can find Kevin Gardner on . . . Website: https://multifamilyutilitysolutions.com/ LinkedIn: https://www.linkedin.com/in/kevin-gardner-5690345/ ~ Connect with Ramsey! Info Page: https://www.flowcode.com/page/ramseyblankenship Website: https://realfocus.org/gorilla-state-investing-podcast/ Investor Registration: https://realfocus.org/investors/
The Syndication Show - Different ways to increase NOI (Net Operating Income) with Special guest: Kevin Gardner Kevin spent nearly 20 years with Comcast and was responsible for managing the team that negotiated telecommunications access agreements with multifamily property owners. In 2007, Kevin started Telecom Marketing Strategies (Parent company of Multifamily Utility Solutions). In 2017, Multifamily Utility Solutions became its own entity to better serve the needs of Multifamily Property Owners. For Multifamily Property Owners, Kevin's experience has resulted in favorable contract terms related to their telecommunications agreements which are important even if Owners do not pay for their residents' cable. At the request of clients, MUS expanded their services to include electric and gas utilities. Now MUS clients can benefit from improved Net Operating Income in multiple utility services. MUS serves clients across the country with as few units as a hundred to ones with thousands. https://multifamilyutilitysolutions.com/ Invest NOW with Vinney, Learn NOW from Vinney! Book your FREE Strategy Call NOW! Go to this link: https://calendly.com/jonroosen/ Check out Mr. Vinney Smile Chopra at: https://vinneychopra.com/ Invest Passively in Senior Housing: https://seniorlivinginvesting.co/ Contact Me Here For more info: https://vinneychopra.com/contact-vinney/ vinney@vinneychopra.com
Opticwise CEO, Bill Douglas, joins Dan and Wayne to discuss how technology is enabling commercial real estate to increase tenant occupancy and retention as well as drive higher revenues. The resulting impact is improved Net Operating Income and asset value. By combining traditional networks like Wi-Fi with advanced controllers and SaaS systems, commercial real estate can eliminate the numerous disparate external telecom services that provide no direct value and provide tenants a holistic data/telecom experience the building owner controls and monetizes without dependency on external service providers. We talk through the technical as well as business dynamics of this new approach to leveraging wireless as the 4th Utility. LINKS: Connect with Us: Website: https://5gguys.com Submit Your Ideas or Feedback: https://5gguys.com/contact-2 Facebook: https://www.facebook.com/5Gguys LinkedIn: https://www.linkedin.com/groups/12515882 Twitter: https://twitter.com/5gGuys QUICK EPISODE SUMMARY Get to know Bill The technology Bill and his Company uses to solve problems Why property owners should be thinking differently Keep your passwords protected The future problem Bill predicts The similarities in Bill's clientele What will be enabled in a 5G world
The value add strategy has become one of the most sought after investment strategies in the commercial real estate space. Problem is, many assets have been traded hands so many times over the past decade that the value add strategy has been over utilized, making it difficult to find untapped value add potential.Our guest on today’s episode is Jim Monk, President of Clozzits, the leading manufacturer and installer of closet systems for the multifamily industry. Clozzits has developed a program to increase rents 3-5% while improving Net Operating Income and asset value without multifamily owners spending much capital. Jim’s goal is to differentiate beyond the normal amenities and tap into new areas of construction development, renovation, and property management. Jim breaks down why closet renovation is a powerful value-add technique for multifamily properties, how different demographics benefit from closet renovations, and the potential return on investment (ROI) you could receive from working with Clozzits. Jim also shares what he’s learned from being a real estate investor, the benefits of Clozzits’ loan program and lease program, and his innovative vision for the future of closet renovation.In this episode, we cover:The inspiration behind ClozzitsScaling Clozzits to the massesIncreasing rents by 3-5% with Clozzit insertsCapacity limitations with Clozzit insertsProof of concept and implementationJim addresses each of these intriguing questions and so much more in this information-packed episode! Tune in to hear his expert advice on boosting your revenue and asset value with this untapped amenity! Resources mentioned:ClozzitsKaterraConnect with Jim on LinkedIn
Have you been thinking about getting started as a real estate investor? Is beginning as a house hacker the right path for you? Is house hacking something you have thought about but aren’t quite sure how it will help you achieve financial freedom? Listen to this podcast to hear Chelsea Scott lay out a plan for how you can achieve $96K annual income after 7 years with a $50K initial investment.
Jason Stofer attended Golden Gate University, graduating in 2007 with a BS in Computer Information System and then a Master's in Business Administration in 2016. He has worked for exceptional companies such as Chevron, Inc., General Electric, and Williams-Sonoma, Inc. He recently became an Owner/Operator in a 15,500 SQ FT storage facility in Columbia, MO. He leveraged his 20 years of Information Technology, Lean & Six Sigma, and Project Management experience to rapidly improve the Net Operating Income of the property by implementing cost saving technologies and operating practices. He focuses his efforts on acquiring self-storage, class B & C properties in the across the US. Jason is my partner in self storage investing. In this episode, you learn how Jason got into self storage and also what product he has to offer for those looking for syndicate deal analyzer and market study analysis. He has his own group called smart storage group. CONNECT WITH JASONWebsite: https://www.smartstoragegroup.com/CONNECT WITH JONATHANTo connect with Jonathan, you can send email at info@greystonecapgroup.com or schedule a time to chat.To learn more about real estate investment opportunities, join the Greystone Capital Investor Network. Thanks for listening and until next time, keep building wealth in Commercial Real Estate!
Kevin spent nearly 20 years with Comcast and was responsible for managing the team that negotiated telecommunications access agreements with multifamily property owners.In 2007, Kevin started Telecom Marketing Strategies (Parent company of Multifamily Utility Solutions). In 2017, Multifamily Utility Solutions became its own entity to better serve the needs of Multifamily Property Owners.For Multifamily Property Owners, Kevin's experience has resulted in favorable contract terms related to their telecommunications agreements which are important even if Owners do not pay for their residents' cable. At the request of clients, Multifamily Utility Solutions expanded their services to include electric and gas utilities. Now Multifamily Utility Solutions clients can benefit from improved Net Operating Income in multiple utility services.Multifamily Utility Solutions serves clients across the country with as few units as a hundred to ones with thousands.Contact Kevin Gardner and Multifamily Utility Solutions:Visit Multifamily Utility Solutions: LinkKevin Gardner on LinkedIn: LinkCall Multifamily Utility Solutions: (248) 930-4768Email Multifamily Utility Solutions: info@MultifamilyUtilitySolutions.com
Profit, Net Operating Income, EBIT, EBITDA, SDE, Adjusted or Recast Earnings, and Free Cash Flow (which is the most important) - what do they all mean?I dissect all of these terms and what they mean to business buyers, sellers, lenders, and valuation people.A few things covered:Using EBITDA to calculate return on investment on an asset heavy business is foolhardy. Owner compensation is not discretionary, just like your mortgage, utility bills, etc. are discretionary.Free cash flow is what it's all about.And, this is covered in all my books including Chapter 45 in Getting the Deal Done!
5 Talents Podcast - Commercial Real Estate, REI, Financial Freedom
What will you do if you find out that your dream property is in a flood zone? Does this mean your property is not in a safe location? Don’t make assumptions this quick. You’re probably staring at a treasure trove that can boost your Net Operating Income. Consult someone like DJ McClure from the National Flood Experts to understand flood zones better and why they can be relevant in the commercial real estate space. Listen to DJ and uncover hidden opportunities for properties in the flood zones![00:01 - 04:48] Opening SegmentLet’s get to know DJ McClure Role of engineers in flood zones [04:49 - 13:28] The Flood Market Learn from DJ the services of National Flood ExpertsYou will be surprised by these observations by DJ!Buying a property in a flood zone?Listen to DJ’s advice [13:29 - 22:53] Flood Zone Experts in Multifamily What does DJ mean by “moving the flood zone?”Why you should need flood zone experts in multifamily How to leverage the services of flood zone experts and insurance companies[22:54 - 31:09] Closing SegmentHow to increase your NOI by considering the flood zones Connect with DJLinks belowFinal words from DJ and meTweetable Quotes: “Anything that’s coming up in the property, you’re gonna do potentially a [refinance] this year or maybe you’re thinking about selling it down the road, let’s take a look at this sooner than later.” -DJ McClure “There’s a lot of hidden value in flood zones.” -DJ McClure ------------------------------------------------------------------------------------------Connect with DJ on LinkedIn or check out National Flood Experts to learn from the no. 1 flood zone problem solver in the country! Guest email: dj@nationalfloodexperts.com Connect with me:https://www.5tcre.com/FacebookLinkedInInstagramWatch 5T CRE on YouTubeLeave us a review and receive your free ebookEmail us --> abel@5tcre.comSupport the show (https://www.buymeacoffee.com/5Talents)
Founded in 2016, Arize's unique team of IoT enthusiasts come from a diverse range of backgrounds, including real estate technology experts, consumer electronics professionals, apartment residents, property owners, and more. Learn How to Get Started in Real Estate? Go to www.Dwellynn.com/mft SUBSCRIBE and LEAVE US A REVIEW on iTunes: http://getpodcast.reviews/id/1256786108 Get your free book: www.audibletrial.com/dwellynn Contact: https://www.arizehub.com/ Follow Ola [www.instagram.com/oladantis] @OlaDantis for all other social media Send me a DM when you follow so I can say hi! www.InvestWithOla.com
Greg and Darren have a super interesting and incredibly enlightening discussion with Kevin Gardner of Multifamily Utility Solutions. Kevin, and his company, help multifamily operators increase their NOI (net operating income) by negotiating their telecom (internet & cable) contracts. There are a couple of ways to approach the contracts and the numbers aren’t easy to pin down. Like everything else in the multifamily space, there is no one answer, it depends on the number of units, location and operators that are servicing the property, not to mention regulated vs. nonregulated industries. By the end of this podcast you will be calling up Kevin to see how his company can help your bottom line. One great takeaway – Utilities that are not being looked at for more than the usual cursory reasons, might be worth a closer look to unlock their hidden potential. Kevin spent nearly 20 years with Comcast and was responsible for managing the team that negotiated telecommunications access agreements with multifamily property owners. In 2007, Kevin started Telecom Marketing Strategies (Parent company of Multifamily Utility Solutions). In 2017, Multifamily Utility Solutions became its own entity to better serve the needs of Multifamily Property Owners. For Multifamily Property Owners, Kevin’s experience has resulted in favorable contract terms related to their telecommunications agreements which are important even if Owners do not pay for their residents’ cable. At the request of clients, MUS expanded their services to include electric and gas utilities. Now MUS clients can benefit from improved Net Operating Income in multiple utility services. MUS serves clients across the country with as few units as a hundred to one’s with thousands.Kevin may be reached at kevin@multifamilyutilitysolutions.com Multifamily Utility Solutions - Reduce Utilities' Expenses, Increase Revenue Sign up for our newsletter HERE. Greg ScullyGreg@realwealth.solutions or schedule a call - https://calendly.com Darren LightDarren@realwealth.solutions or schedule a call - https://calendly.com Or reach us on any of the following links:Real Wealth Solutions - Facebook - LinkedIn -YouTube Thanks for listening and, as always, a positive review or share is greatly appreciated.
Jim Monk is the founder of Clozzits which he started up after reviewing needs in the multi-family industry for optimized closet space. His goal is to differentiate beyond the normal amenities and tap into a new area of construction development, renovations, and property management. Jim has 2 years of experience in multifamily ownership with 623 units himself but his primary focus has been bringing superior closets to billion-dollar multifamily companies Jim Monk Real Estate Background: Founder of Clozzits, Clozzits is dedicated to increasing NOI & overall asset value resulting in immediate rent increase at an average of 2-5% 2 years experience in multifamily ownership with 623 units His current focus is optimizing closet space for multifamily companies Based in Dallas, TX Say hi to him at: Best Ever Book: for more info on groundbreaker.co Best Ever Tweet: “Trust your team” - Jim Monk
In today's episode we have Brian Duck and Braden Cheek from The Criterion Fund, and Joel Thompson from Precision Equity taking a deep dive into three terms you MUST know when you start investing in Commercial Real Estate. Topics discussed: Net Operating Income or NOI - This is going to be your profitability on the property BEFORE any debt service. Cap Rate - A Cap Rate is your annual return assuming you paid for the property in CASH and have NO DEBT SERVICE on the property. Cash on Cash or CoC - Simply stated it is the CASH you receive in a year (any distributable cash to you, the investor) divided by the total amount of CASH you have invested into the deal. *Be Sure to check us out on Youtube for the Video version of today's episode!** https://youtu.be/e5OCmVevPOU Links mentioned in this episode: www.thecriterionfund.com www.howtoinvestincre.com To sign up for our exclusive investor list, click below. https://thecriterionfund.appfolio.com/im/investor/contact-us
Kevin's overall understanding of business needs is unique. He spent nearly 20 years with Comcast and was responsible for managing the team that negotiated telecommunications access agreements with multifamily property owners. This understanding of businesses of all sizes enables Kevin to identify the right solution to any business challenge. In 2007, Kevin started Telecom Marketing Strategies (Parent company of Multifamily Utility Solutions). In 2017, Multifamily Utility Solutions became its own entity to better serve the needs of Multifamily Property Owners. For Multifamily Property Owners, Kevin’s experience has resulted in favorable contract terms related to their telecommunications agreements which are important even if Owners do not pay for their residents’ cable. At the request of clients, MUS expanded their services to include electric and gas utilities. Now MUS clients can benefit from improved Net Operating Income in multiple utility services. MUS serves clients across the country with as few units as a hundred to ones with thousands.
In today's episode we discuss what line items to look for on a financial statement on your next multifamily investment to make a sound decision. We will also discuss metrics that lender's look at when lending to you on a Multifamily project. What makes up Net Operating Income and what is Vacancy Rate? Tune in to find out what these metrics mean and how they can impact your next investment.
An excerpt panel from the Casden 2020 State of the Market conference. John W. Loper (Associate Professor, USC Sol Price School of Public Policy) hosts a discussion with industry practitioners George Koiso, MAI (Director, Los Angeles Multifamily Practice Leader, CBRE Valuation & Advisory Services), Jaime Lee (Chief Executive Officer, Jamison Realty, Inc.), and John Pawlowski (Senior Analyst, Residential, Greenstreet Advisors) on how valuation works today as COVID continues to influence the market in unexpected ways. The panel dives into their perspectives and observations on current trends in Net Operating Income, occupancy, and collections as well as how underwriting and financing is changing with Federal stimulus dollars available.
Fernando Angelucci – self-storage investor and co-founder of Titan Wealth Group talks to Neil Henderson and Brittany Henderson, co-hosts of The Road to Family Freedom podcast. Fernando got his start in real estate when he was just 23 on the residential side of the world with wholesaling small deals and acquiring residential rentals. He then went on to build a multi-family rental portfolio. Two years ago he made the switch to self-storage and has grown his self-storage portfolio to upwards of 260,000 square feet producing more than $550,000 in Net Operating Income per year and did it in less than 24 months. In this episode, we are going to dig deep into how Fernando fills his funnel with self-storage deals, how he builds rapport with owners, and how he underwrites potential deals. If you have an interest in finding self-storage facilities to purchase, this high-level conversation is for you. Post-Interview Analysis Key Lessons Learned. First, build a marketing system that provides constant contact with potential sellers, starting with the cheapest method of contact, text messaging, then cold calling, then ramping up to the most expensive method of contact, direct mail. Second, this is all about building rapport with owners, and it takes a LOT longer than residential real estate. Expect to be building rapport for about six months. Episode Highlights: Schedule a video chat with Neil Henderson at http://www.roadtofamilyfreedom.com/storage (roadtofamilyfreedom.com/storage) How he has purchased 10 self-storage facilities in the past 24 months The types of facilities he and his partners are targeting The hub and spoke management model he is using to manage his facilities His initial process for a high-level initial look at a prospective facility And much more… Books and Resources Mentioned The Road to Family Freedom: https://www.roadtofamilyfreedom.com/ (roadtofamilyfreedom.com) Website: https://www.titanwealthgroup.com/ (Titan Wealth Group) Website: https://www.thestoragestud.com/ (The Storage Stud) Resource: https://www.taskrabbit.com/ (Task Rabbit) Resource: https://www.fiverr.com/ (Fiverr) Resource: https://www.exactdata.com/ (Exact Data) Resource: https://leadsherpa.com/ (Lead Sherpa) Resource: https://skipgenie.com/ (Skip Genie) Resource: https://www.radiusplus.com/ (Radius Plus) Resource: https://www.yardimatrix.com/Property-Types/Self-Storage (Yardi Matrix) LinkedIn: https://www.linkedin.com/in/thestoragestud (Fernando Angelucci) Twitter: https://twitter.com/thestoragestud (@TheStorageStud) Instagram: https://www.instagram.com/thestoragestud/ (@TheStorageStud) Follow Us: https://www.facebook.com/roadtofamilyfreedom/ (facebook.com/roadtofamilyfreedom/) https://www.instagram.com/roadtofamilyfreedom/?hl=en (instagram.com/roadtofamilyfreedom/) https://twitter.com/r2familyfreedom (twitter.com/r2familyfreedom) Other Stuff: If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests. For show notes and past guests, please visit https://www.roadtofamilyfreedom.com/episodes/ (roadtofamilyfreedom.com/episodes/) Discover the tools and services we use, visit https://www.roadtofamilyfreedom.com/ (roadtofamilyfreedom.com/resources/)
Yes or NOI? Don’t just agree about something you don’t understand. In today’s episode, we will learn about Net Operating Income (NOI) in under 10 minutes. Is it the same as profit? Why is it everything in the multifamily business? After listening, we will learn about computing the NOI, adding significant value to a property we just bought using the NOI, and getting back dollars for every dollar we spent. Tweetable Quotes:“Net Operating Income is everything in multifamily in my opinion.” – Dan Krueger “You spend a dollar and you’re going to get two, three, maybe four dollars back in valuation for every dollar you spent.” – Dan KruegerLEAVE A REVIEW if you liked this episode!!Keep up with the podcast! Follow us on Apple, Stitcher, Google, and other podcast streaming platforms. To learn more, visit us at: https://www.invictuscapitalventures.com**Want to learn more about investing with us?**We’d love to learn more about you and your investment goals. Please fill out this form and let’s schedule a call: https://invictuscapitalventures.com/contact/**Let’s Connect On Social Media!**LinkedIn: https://www.linkedin.com/company/11681388/admin/Facebook: https://www.facebook.com/invictuscapitalventures/YouTube: https://bit.ly/2Lc0ctX
Today’s guest is Cody Payne, Senior Vice President at Colliers International in Fort Worth, Texas. He specializes in selling office and industrial investment properties in the Dallas-Fort Worth market. In the last 15 years, Cody has closed more than 600 hundred commercial real estate transactions. Before joining Colliers International, Cody worked at Sperry Van Ness/Dunn Commercial for 10 years, where he specialized in office and industrial investment sales, management, and leasing. He has extensive experience in the office and industrial leasing sector having worked with many major companies from Local/Regional to Fortune 500 companies and GSA leases. Let’s jump into Cody’s story and learn the benefits of investing in office spaces. [00:01 – 08:27] Opening Segment I introduce our guest, Cody Payne Cody shares his background and walks us through his journey into the real estate business He talks about their current projects, including several large office portfolios He also talks about his company’s performance during the COVID-19 pandemic [08:28 – 13:54] Flexing the Industrial Spaces Cody talks about flex industrial spaces and why they are in-demand right now He shares the kind of buyers they have in their business Cody talks about the similarities and differences between industrials and multifamily properties [13:55 – 26:41] Investing in Office Spaces Cody tells us more information about office spaces you don’t want to miss! Cody also shares some secrets to be successful in the office space market He includes some strategies to boost the Net Operating Income He shares his company’s performance during the COVID-19 pandemic and his outlook on the future Does the work from home setup affect their business? He talks about the opportunities in the office space business right now [26:42 – 28:57] Closing segment I asked Cody what title he would give to his biography book, which will be written by his great-grandkids. “Out for Justice,” inspired by the Steven Seagal film Connect with Cody. See the links below Tweetable Quotes “The office, I believe, is one of the more sophisticated asset classes.” – Cody Payne “Understanding the office side is very key.” – Cody Payne You can connect with Cody Payne via LinkedIn and Facebook, and Instagram. Email him at cody@txofficeindustrial.com or call him at 972-345-6500. Check out their website at https://texasofficeinvestments.com/ and their social media accounts: Facebook, Twitter, Instagram, and LinkedIn. Also visit Colliers International online at https://www2.colliers.com/en, Facebook, Twitter, Instagram, and LinkedIn. Texas Office Investments: Website - https://texasofficeinvestments.com Facebook - https://www.facebook.com/texasofficeinvestments Twitter - https://twitter.com/tx_investments Instagram - https://www.instagram.com/texasofficeinvestments/ LinkedIn - https://www.linkedin.com/company/texas-office-industrial-investments/ Colliers International: Website - https://www2.colliers.com/en Facebook - https://www.facebook.com/colliersinternational Twitter - https://twitter.com/colliers?lang=en Instagram - https://www.instagram.com/colliersinternational/ LinkedIn - https://www.linkedin.com/company/colliers-international/ LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode. I believe that you only need a small axe to build a lasting empire. Let’s start building yours! To know more about me and all the real estate opportunities you can find, you can connect with me on LinkedIn, Instagram, and Facebook or check out my website https://smallaxecommunities.com/ and book a call with me.
Net Operating Income - How and when do you adjust NOI, and what about cap rates....and what's beyond NOI? Join Pat for this special three part series on Net Operating Income - and check out the companion Podcast + video at The Learning Center at Mara Poling.comYou can always email Pat at Pat@MaraPoling.com
Net Operating Income - Optimize returns, both cash and equity growth, with growing NOI. Join Pat for this special three part series on Net Operating Income - and check out the companion Podcast + video at The Learning Center at Mara Poling.comYou can always email Pat at Pat@MaraPoling.com
Want to avoid mistakes in Long Distance Investing? Download your FREE document at billykeels.com/7mistakestoavoid Episode 49: Attain Total Financial Freedom By Investing In The Dream In the conversation with today’s guest, Kenny Wolfe, you’ll learn the following: [00:30 - 02:04] Kenny’s profile, in Billy’s guest introduction. [02:04 - 03:12] The backstory and life journey of Kenny up to today, in his own words. [03:12 - 05:15] Why Kenny first decided to get into Real Estate. [05:15 - 07:30] Kenny explains the term “Value Add” and how to go about getting into Value Add opportunities. [07:30 - 10:00] How to increase value by increasing N.O.I. (Net Operating Income). [10:00 - 11:50] Kenny explains Economic Occupancy versus Physical Occupancy. [11:50 - 14:07] What Kenny is doing to attract the right kind of people, who will benefit from getting involved with Wolfe Investments. [14:07 - 16:02] Kenny’s reasons for Going Long and investing in market locations beyond Texas. [16:02 - 18:13] What to look for in the demographics of different market locations, which signals that they will be good locations to invest in. [18:13 - 21:42] How to align yourself with the right team for a specific project. [21:42 - 23:25] How to structure a deal to provide a certain kind of return. [23:25 - 25:38] How to manage an investment business which is active in multiple market locations with their many different dynamics. [25:38 - 28:00] When it is the right time, and makes sense, to go Vertically Integrated. Here’s what Kenny shared with us during today’s conversation: Where in the world Kenny is currently: Plano, Texas.. Favourite European city: Paris, France. The best thing to happen in the past 24hours: Spending the weekend spending time with family and enjoying the pool! A mistake Kenny would like you to learn from so you don’t have to pay full price for it: Be aware and educated on all potential issues and risks of any investment opportunity you are moving into, with Student Housing having been a particularly troublesome investment for Kenny. Book Recommendation: Snowball, by Warren Buffett. Be sure to reach out and connect with Kenny Wolfe by using the info below: Kenny’s website: www.wolfeinvestments.com Hit SUBSCRIBE on the above website to join Kenny’s contact list. Kenny’s YouTube Channel: https://www.youtube.com/channel/UCuq5-HAQIZjTTAcIgrvmdMQ Kenny’s Facebook: https://www.facebook.com/kennywolfe.investments/ CHECK OUT KENNY'S BOOK: Investing In The Dream by going here : https://www.amazon.com/Investing-Dream-Acquire-Multi-Family-Financial-ebook/dp/B07BTKDD9Q Start taking action TODAY so that you can gain more Education and Control over your financial life. To see the Video Version of today’s conversation just CLICK HERE. Do you want to have more control and avoid the mistakes that I made getting started in long distance investing? Then you can DOWNLOAD the 7 Mistakes to Avoid in Long Distance Investing Guide by clicking HERE. Be sure to connect with Billy! He’s made it easy for you to do…Just go to any of these sites: Website: www.billykeels.com Youtube: billykeels Facebook: Billy Keels Fan Page Instagram: @billykeels Twitter: @billykeels LinkedIn: Billy Keels
Net Operating Income - What is it? How do you calculate it? How is it related to cash and equity growth. Join Pat for this special three part series on Net Operating Income - and check out the companion Podcast + video at The Learning Center at Mara Poling.comYou can always email Pat at Pat@MaraPoling.com
Net Operating Income is THE key to multifamily real estate investing success. Join Pat as he begins a 3 part series on NOI, what is it, how it drives cash and value creation, and how Mara Poling uses NOI to optimize returns.You can always email Pat at Pat@MaraPoling.com
Can you have your cake and eat it too with commercial real estate? It absolutely can be done if you have the 4 essential ingredients; increasing cashflow, building equity, the ability to do a cash-out refinance, and the use of that cash out refinance proceeds to invest in the next property. As you increase your cash flow, you also increase your Net Operating Income (NOI). Increasing your NOI, builds up your equity, which enables you convert some of that equity into cash through a "cash out refinance". Then, you can take that excess cash and use it to purchase your next property. The cash flowing property is what I call the delicious cake and using that cash flowing property to invest in a new deal is what I mean by eating it too!
Welcome back to the Passive Mobile Home Park Investing Podcast, hosted by Andrew Keel. This is the last episode in the series where Andrew discussed the 12 reasons why you should be investing in trailer parks. Today Andrew discusses reason #12 as to why you should invest in mobile home parks: mobile home parks are an asset class that offers one of the highest opportunities for net operating income growth (NOI). There are plenty of ways for an operator to raise the NOI of a mobile home park property, which can make the mobile home park property more valuable. Ultimately, this value add component can increase returns when investing in mobile home parks. Andrew Keel is the owner of Keel Team, LLC, a Top 100 Owner of Manufactured Housing Communities with over 1,300 lots under management. His team currently manages over 20 manufactured housing communities across nine states – AR, IA, IL, IN, MN, NE, OH, PA and TN. His expertise is in turning around under-managed manufactured housing communities by utilizing proven systems to maximize the occupancy while reducing operating costs. He specializes in bringing in homes to fill vacant lots, implementing utility bill back programs, and improving overall management and operating efficiencies, all of which significantly boost the asset value and net operating income of the communities. Andrew has been featured on some of the Top Podcasts in the manufactured housing space, click here to listen to his most recent interviews: https://www.keelteam.com/podcast-links. In order to successfully implement his management strategy Andrew’s team usually moves on location during the first several months of ownership. Find out more about Andrew's story at AndrewKeel.com. Would you like the pre-investment checklist that I use to review mobile home park deals before I invest in them? We are offering this as a free gift if you go to iTunes and leave a five-star review. To get the pre-investment checklist, leave us a five-star review on iTunes and then send us an email at passivemhpinvesting@gmail.com. In the email, please tell us who you are, what screen name you used to leave that review, and we’ll send the pre-investment checklist, directly to your inbox. Talking Points: 00:20 - Welcome back to the Passive Mobile Home Park Investing Podcast 00:40 – Reason #12: Mobile home parks have one of the highest opportunities for net operating income growth 01:06 - Net Operating Income (or NOI) and how to increase it 02:45 - Charles Becker statistics on lot rents 03:08 - Frank Rolfe’s opinions on why lot rents are 100% too low 04:58 - In conclusion 03:27 - The pre-investment checklist Resources/Links: Keel Team, official website Andrew Keel, official website Andrew Keel, LinkedIn Facebook page
Join us as we speak with Paul Moore, found of Wellings Capital. Paul started his career at Ford Motor Company, went on to co-found a staffing firm that he later sold, and then got involved in real estate. After investing in single families he progressed to multi-family properties, and then evolved to self-storage and mobile home parks.In this episode we go into detail about how to maximize your NOI, and force appreciation in self-storage properties by adding additional income beyond your normal rents. We also discuss different tax strategies that every commercial real estate investor should be using, how to find tax strategists instead of just CPAs, how to find cost seg analysts and more.Tax Strategies Mentioned in the Episode: You need to fire your CPA if they’re not a tax strategist1031 exchangeDelaware Statutory TrustsCost Segregation and Engineering Cost Segregation Study - accelerate depreciationSection 179 - ensures capex is pushed into 1st year rather than over 15 yearsReset Basis at Death - Heirs can reset the basis on the asset that you 1031’ed over the yearsQualified Real Estate Professional (QREP)Best Way to Contact Paul:https://www.wellingscapital.com/Helpful Links:Store Local - self-storage co-op that shares marketing expenses and ideasHow to Lose Money podcastGetting There BookBest way to contact your host, Mason Klement:mason@masonklement.comhttps://www.masonklement.com/Be sure not to miss any future episodes by subscribing to the Scalable Real Estate Investing Podcast using the links below.YouTube channel: https://www.youtube.com/channel/UCgDaSaSQP0KLoVCgydDd9HwBuzzsprout: https://www.buzzsprout.com/1131344
One very important thing to understand about property is it's net operating income… it's probably the most important number associated with a property. Why's that? Well, to a large extent on MOST properties, the NOI will determine the value of the property and how much money a lender is willing to give you.---- Diary of an Apartment Investor Podcast is sponsored and produced by Four Oaks Capital, LLC, a real estate investing firm focused on value-add multifamily properties in the southeastern U.S. If you’re interested in learning more, please visit our website at www.fouroakscapital.com. If you’re an aspiring investor and want to be considered for our show, please fill out our application form at www.fouroakscapital.com/podcast -- or you can email me directly at brianbriscoe@fouroakscapital.com----So, what do you need to figure out the NOI? A full year's profit and loss statement - more specifically, you want the most recent twelve months of financials, commonly referred to as the trailing 12 or just T12. So, you get the T12 and it should list all of the income and all of the expenses for a given property for the last 12 months - more on that later. So, back to the question of what is the NOI? The net operating income is the sum of all incomes minus the operating expenses… clears it up right? Well, lets go a little further into each one of these. Income includes all rents, fees, and other incomes associated with owning a property. Rents are easy to understand, but there's also application fees and late fees that are added in. You may also have income from a laundry facility or washer and dryer rentals. You may be charging a monthly fee for assigned parking spaces, on-site storage, or pet rent. Depending on local laws, if utilities are centrally metered, you can also charge a utility fee or a pest control fee. Bottom line, there are lots of different things that can be included in the income… Normally, the security deposit is NOT counted as income, unless part of it is held back for repairs or lease violations. That's income, let's talk about expenses. Typically, the largest expense s are taxes and insurance. Be careful on these, because they will likely change after purchase… In NOI determination, use what the owner currently pays for these. IN addition, there are management fees and payroll. You have repairs, maintenance, and administrative expenses. You may pay for some or all of the utilities including electric, gas, trash, water, and sewer. On some properties, you'll pay for landscaping, snow or leaf removal, gutter cleaning, security, internet, or wifi. What's not included? Capital expenses are not included -- for example, if you replace a roof or air conditioning unit, these are large, one-time expenses that are not included in the NOI. However, what can be included in the NOI determination is a reasonable deposit to a replacement reserves account, usually around $250-300 per year. This is money that is set aside on a regular basis to cover future capital expenses… think of it as the average annual cost of the roofs, parking lots, air conditioning units, etc., What else is not included? Debt service… you're loan payment (principal plus interest) is NOT included in the NOI calculation. So, to get to the Net Operating Income, add up all of the expenses over a given year and subtract all of the expenses. Make sure you're including deposits to replacement reserves in your expenses. What you have left is the NOI.
Net Operating Income and Cap Rate explained.
There's a lot of ways to make money investing in real estate, but this week we're talking through the five reasons we love Apartments the most!1) StabilityStability means two things: First is the constant demand. People always need a place to live. The second form of stability comes in valuation. Because apartments valuation is largely derived from Net Operating Income, your ability to operate an efficient asset dictates the property's underlying value.2) High Risk Adjusted ReturnThomson Reuters measured 7 different assets between 1993-2013, and found real estate provided returns equal to stocks (which doesn't take into consideration the tax benefits of real estate) with a risk profile equal to government bonds.3) ControlA month ago all the money I'd put into the stock market lost about 20% of its value. At our multifamily properties, we've been able to cut unnecessary spending, communicate openly with our tenants about programs open to them should they be struggling and out of work, and in the end, we've mitigated our losses.4) CashflowMonthly cashflow distributions means supplemental income for living expenses, vacations, and reinvestment!5) Tax BenefitsThrough the magic of depreciation and 1031 Exchanges, kicking the tax liability can down the road has never been easier.Book Recommendation of the Week:The Book on Managing Rental Properties - Brandon and Heather Turner***Thanks for listening! Did you find it helpful? Hopefully, there was some valuable information in there for you.If so, please take a moment to leave a review over on iTunes, Stitcher, or wherever you happen to be listeningl. Your feedback helps us improve and grow!Invictus Capital: https://bit.ly/2Lc0ctX***WHO ARE WE?***Hey! We’re Dan Krueger and Anthony Vicino and we are apartment syndicators investing in Minneapolis, MN with a passion for real estate (particularly multifamily), financial education, and personal development.Wait...what’s an apartment syndication? Click here to learn more: https://bit.ly/2zgc7o6We’re on a mission to help as many people as possible achieve financial freedom through the awesome investment vehicle that is… MULTIFAMILY!Are you tired of riding the stock market roller coaster, working a corporate job you hate, or worrying about retirement?Good news is, there’s a better way.Multifamily Real Estate Investing!Bad news is, when you’re first starting out, it can seem pretty complicated.Complexity leads to overwhelm, and when you’re overwhelmed, you don’t take action.Well, we can help with that, because after years in the business, we’ve learned that real estate investing is actually pretty simple.To learn more, visit us at: https://www.invictuscapitalventures.com**Want to learn more about investing with us?**We’d love to learn more about you and your investment goals. Please fill out this form and let’s schedule a call: https://invictuscapitalventures.com/contact/**Let’s Connect On Social Media!**LinkedIn: https://www.linkedin.com/company/11681388/admin/Facebook: https://www.facebook.com/invictuscapitalventures/Podcast: Multifamily Investing Made Simple
Net Operating Income or NOI is the lynch-pin of commercial real estate investing. Cap rates and value add discussion See our Cap Rate show for more info Income 1) Rent increase 2) Increase fees ie late fees, application fees, 3) RUBS or utility reimbursement 4) Pet rent 5) Laundry income (coin operated or add machines, charge for machines etc) 6) Onsite storage 7) Premium Upgrades—higher end finishes 8) Preferred Parking, covered parking etc 9) Short term rental 10) Misc stuff ie billboards, cell tower leases, vending machines Expenses 1) Reduce turnover time/costs (See show 12 tenant screening) a) Better tenant screening on front end b) Higher security deposits (well documented walk through process as well) c) More durable finishes d) Higher rents (tends to be better tenants) e) Build quick and efficient turn over process 2) Reduce water/power usage a) Energy efficient appliances b) Low flow toilets c) Low flow faucets, add aerators d) LED Lights in common areas 3) Requote Insurance and other contracts annually or every other year 4) Rebid services and contractors, to make sure you are paying fair prices
Welcome to the Real Insights Podcast!!!Every week our real estate team solves the current issues of investing and selling multi-family and commercial real estate. Hosted by Real Estate Entrepreneurs & Leading Industry Disruptors. Featuring Jeannie Orlowski From REMentor’s Investor Relations and Jermaine Evans, Our Coaching Coordinator. Presented by REMentor.On today's episode:Using ten times the NOI as the rule of thumb,Mobile home investing, Submitting your first offersCAP back rates, Replacing roofs on rentalsDealing with "flat roof lenders"Getting vacancy rates on properties in your real estate market. Like us → FACEBOOK Follow us → TWITTER 'Gram us → INSTAGRAMVisit us → rementor.comIf you liked this episode, please leave us a review on iTunesDownload past episodes or subscribe to future episodes of Real Insights Podcast If you are interested in learning more about becoming a real estate investor, Get our free e-book now.In this book, you will discover all the tools we've found to make real estate investing easier...and more affordableDownload this e-book to learn how bigger properties are not bigger risk, different advantages of investing in multi-family properties, financing multi-family properties, the importance of systems for your small business, finding greater opportunities within the market cycles, and a financial plan for your future.
Jason Hartman and Adam start today's show with some more details about the exciting (and potentially very lucrative) contest that's going on called The Empowered Investor. You could potentially win a $3,000 cruise allowance and 2 tickets to Profits in Paradise! Then Jason plays a clip from Frank Gallinelli where Frank explores two things that real estate investors need to understand, even if you don't use them every day: Net Operating Income and Capitalization Rates. Finally Jason talks with Ray Hespen, co-founder and CEO of Property Meld, about how property owners can proactively close the problem areas that tenants and landlords have in order to retain the tenants longer. Learn how tenants like to be contacted in today's age, why they leave, and how Ray's software may be able to help you. Key Takeaways: [2:46] How to enter the Empowered Investor challenge and win free tickets to Profits in Paradise [5:55] Deadline for submissions is midnight EST, Monday September 23, 2019 [7:35] Frank Gallinelli presentation on Net Operating Income and Capitalization Rates Ray Hespen Interview: [21:33] What issues does Property Meld address to help the tenant? [23:27] Around 1/3 of all non-renewals are due to poor maintenance experiences [29:02] The strongest correlation between maintenance requests and renewals is speed, hands down [31:35] Renters nowadays want to be texted, not called Website: www.JasonHartman.com/Contest www.PropertyMeld.com www.RealData.com
Jason Hartman and Adam start today's show with some more details about the exciting (and potentially very lucrative) contest that's going on called The Empowered Investor. You could potentially win a $3,000 cruise allowance and 2 tickets to Profits in Paradise! Then Jason plays a clip from Frank Gallinelli where Frank explores two things that real estate investors need to understand, even if you don't use them every day: Net Operating Income and Capitalization Rates. Finally Jason talks with Ray Hespen, co-founder and CEO of Property Meld, about how property owners can proactively close the problem areas that tenants and landlords have in order to retain the tenants longer. Learn how tenants like to be contacted in today's age, why they leave, and how Ray's software may be able to help you. Key Takeaways: [2:46] How to enter the Empowered Investor challenge and win free tickets to Profits in Paradise [5:55] Deadline for submissions is midnight EST, Monday September 23, 2019 [7:35] Frank Gallinelli presentation on Net Operating Income and Capitalization Rates Ray Hespen Interview: [21:33] What issues does Property Meld address to help the tenant? [23:27] Around 1/3 of all non-renewals are due to poor maintenance experiences [29:02] The strongest correlation between maintenance requests and renewals is speed, hands down [31:35] Renters nowadays want to be texted, not called Website: www.JasonHartman.com/Contest www.PropertyMeld.com www.RealData.com
Today's Cash Flow Expert is Ken McElroy, founder of MC Companies & www.KenMcElroy.com, about creating infinite return on investment. If you understand how to put other people's money to work and give them value, you'll have investors for life. Ken explains the four components of every deal that you need to understand to succeed. Generating high Net Operating Income drives your wealth, and once you understand the cash flow patterns of the rich, you can become very rich. Website: www.KenMcElroy.com If you'd like to learn more about The Cash Flow Wealth Summit just click the link below! www.CashFlowWealthSummit.com
THE key metric to asses the health of a multifamily real estate asset - Net Operating Income. NOI drives operational cash flow, asset valuation, equity growth, and wealth creation. Join Pat to learn the importance of NOI and how Mara Poling optimizes NOI performance for its multifamily assets.You can always email Pat at Pat@MaraPoling.com
Virginia Real Estate Salesperson Exam Lesson 4 This is the 4th of five sample lessons that we will be sharing with you which will help you prepare for the Virginia real estate salesperson exam. These Virginia real estate salesperson exam lessons are meant to be a supplement and not a substitute for classroom learning or other requirements of the Virginia real estate department for licensure. Lesson 4: Real Estate Salesperson Exam Lesson on Real Estate Investing The capitalization rate is the rate of interest that you can consider a reasonable return on investment. The formula is this: cap rate = Net Operating Income/purchase price. Benefits of Real Estate Investing Cash flow from the property Long-term appreciation from the property Providing a hedge against inflation Gaining tax benefits (mortgage interest, wages for repairs, maintenance) Property can be used as leverage for other investments. Drawbacks of Real Estate Investing Your assets are not liquid. There can be a great deal of upkeep. Housing markets can fluctuate. High cap rate = high risk Low cap rate = low risk Time Value of Money = Money in hand is more valuable than money that might be made in the future. Rates of Depreciation Residential properties depreciate over 27.5 years. Commercial properties depreciate over 39 years. If you are looking for other Real Estate audio Lessons we have them for: California Georgia Florida Texas Washington Loading...
Multifamily Cash Flow Addicts: Multifamily Real Estate Investing
Dan and Marco take a deep dive into analyzing the value of a multifamily property. Breaking down key metrics like Capitalization Rates, Net Operating Income, and why these metrics are so important and how they bring us to our values. Also adding some more insight into other variables other than cash flow that affect the value of a property.
Today we're going to talk about Adjusted EBITDA — or in Brad's world, Adjusted NOI; Net Operating Income. So what is it? First off, it depends who the player is. Are they legit? It's a super critical number and important to get right — so tune in for today's short and sweet episode all about Adjusted EBITDA!Key Takeaways:[:13] About our topic today: Adjusted EBITDA![:22] What is Adjusted EBITDA?[2:42] A simple example of Adjusted EBITDA.[3:32] Non-valid Adjustments in the real estate world to Net Operating Income (NOI).[5:23] Valid Adjustments Brad has seen in the real estate world.[9:35] A couple examples of valid Adjustments we see in the private equity world.[13:00] Wrapping up today's episode!For More on The Alternative Investor, Check Out:TheAlternativeInvestorShow.com See acast.com/privacy for privacy and opt-out information.
Our offerings under Regulation D Rule 506(c) are available to accredited investors only. For our Regulation A offering: Until such time that the Offering Statement is qualified by the SEC, no money or consideration is being solicited, and if sent in response prior to qualification, such money will not be accepted. No offer to buy the securities can be accepted and no part of the purchase price can be received until the offering statement is qualified. Any offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time before notice of its acceptance given after the qualification date. A person's indication of interest involves no obligation or commitment of any kind. Our Offering Circular, which is part of the Offering Statement, may be found at www.cardonecapital.com/offering Real Estate Investing with Grant Cardone Only invest in real estate that cash flows. In today's podcast, Grant explains the importance of investing for cash flow and how to use it to your advantage. NOI, or Net Operating Income, determines, and drives what you should pay for a deal and the debt you can get. As a real estate investor, your job is to increase the NOI. First, find out how to calculate it and then how to increase it.
Our offerings under Regulation D Rule 506(c) are available to accredited investors only. For our Regulation A offering: Until such time that the Offering Statement is qualified by the SEC, no money or consideration is being solicited, and if sent in response prior to qualification, such money will not be accepted. No offer to buy the securities can be accepted and no part of the purchase price can be received until the offering statement is qualified. Any offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time before notice of its acceptance given after the qualification date. A person's indication of interest involves no obligation or commitment of any kind. Our Offering Circular, which is part of the Offering Statement, may be found at www.cardonecapital.com/offering Real Estate Investing with Grant Cardone Only invest in real estate that cash flows. In today’s podcast, Grant explains the importance of investing for cash flow and how to use it to your advantage. NOI, or Net Operating Income, determines, and drives what you should pay for a deal and the debt you can get. As a real estate investor, your job is to increase the NOI. First, find out how to calculate it and then how to increase it.
Calvin Beeke left college to become a full-time entrepreneur, found success with a business he created, and then decided to become a full-time real estate investor. Within a short span of time, Calvin has dived right in. He likes to have three flips going in any given period: one that he's just purchased, one that is being rehabbed, and one that is being sold. At the same time, Calvin is building his Buy & Hold portfolio of value-add investments with a focus on mid-sized Multi-family. He owns 17 units on his own, and over 50 units with his investment partners, ranging from a duplex up to a 24 unit Multi-family. Today Calvin and I discuss how he gets his leads and finds his deals, how he's increased his Net Operating Income by increasing rents and lowering expenses, and the value of purchasing your own laundry machines. Calvin also takes us through the numbers on a 12-unit he purchased in Lowell Michigan and the mystery of his extraordinarily high water bill. We also discuss the pro's and con's of Freddie Mac and Fannie Mae loans and the different terms to pay attention to. Calvin has built a profitable portfolio quickly, and I know you're going to enjoy learning how he did it. Enjoy the episode and please take a moment to give us a review & rating on itunes.
Joe Fairless is the host of "The Best Real Estate Investing Advice Ever" Podcast and today he's in the studio to tell us how he grew his portfolio from Four Single-Family Rentals to an apartment portfolio worth over $160 Million within the span of three years. Joe shares the details on his 'Best Ever' investment, a 250 Unit complex in Houston Texas, and how he increased it's value from $16.1 Million to $21.6 Million in two years. Joe also discusses the types of apartment investments he buys, his Return on Investment goals, and the steps he takes to increase the Net Operating Income. He'll also take us through his 3-step approach to scaling his business through strategic partnerships, as well as what he looks for in potential partners and what skills he brings to the table. Joe also has a marketing background, and we discuss how important marketing is to raising money and being a successful investor. Joe also tells the story of his brief career in stand-up comedy and how that's helped him get past the fear of talking with investors. Whether you're familiar with Joe's podcast or not, I know you'll learn a lot of great information from this episode. You can contact Joe through his email or website, and by listening to his podcast: info@joefairless.com http://joefairless.com/
Old Capital Real Estate Investing Podcast with Michael Becker & Paul Peebles
Net Operating Income is the key metric in the multifamily world for investing and financing. The two main components are operating income and operating expenses. Mike breaks down some line items on the operating statements and tells you what you need to look for.
Brad Tacia and Mark Yuschak both come from a successful background in the corporate world, and they've each had their share of real estate success. So it made a lot of sense for them to partner up, and doing so has had enormous benefits. Today Brad and Mark discuss the two deals they've done together - a 23 unit community in Fowlerville, and a 63 unit Senior Housing Property in Lansing, Michigan. We'll discuss how they found these deals, the negotiations they had with the sellers, and the efficiencies they were able to bring that provided a huge upside in their Net Operating Income. We also discuss a busted condo community that Brad purchased during the recession, and how Brad and Mark analyze their deals. Brad and Mark are also laying the groundwork for their first syndication, and we discuss the type of deal they're looking for, the types of returns they hope to project, and how they share their information with potential investors. I know you'll enjoy this show. Please go to itunes to subscribe, rate & review! You can get in touch with Brad and Mark through email & facebook: bradtacia@gmail.com myuschak@gmail.com facebook: Apartment Investors of Michigan
#131: Ken McElroy is our guest today. He’s the Rich Dad Advisor for real estate. Why does your tenant move out, and what will keep them inside your rental property? He tells us what tenants want today and how rental trends have changed over the last 5, 10, and 20 years. With over 10,000 units in multiple markets in his company’s control, he knows. In many markets, rent increases are not coming as easily as they were a few years ago. Ken & I discuss the best ways to increase income on your property. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive turnkey real estate investing opportunities. Listen to this week’s show and learn: 02:12 Polling tenants at move-out to determine why they moved. 05:05 Tenants are more mobile today. They go where jobs are. 06:40 Service level to tenants is more important today - fitness center, activities directors, shuttle vans, and even bartenders. 07:35 Living spaces of 200 - 300 square feet in urban cores and college towns. 09:44 Why can’t tenants pay more rent? Discussion on negative rent growth. 13:52 High rents can be a threat to public safety. 22:20 Why did your tenant move out? 28:03 School districts, crime. 30:19 Forecasting infrastructure improvements and how that boosts local real estate. 34:47 Websites that Ken uses for real estate market research. 37:22 Increasing your Net Operating Income - best ways, dumbest ways. 40:49 Pushing rents too high. 44:12 Ken feels real estate is still the best asset class to be invested in. But he tells us to exercise caution in a hot market. 46:22 Catch up with Ken at KenMcElroy.com Check out his great video series, KenFlix. 47:53 A lot of people are going to lose everything in the next five years. Resources Mentioned: KenMcElroy.com Nmhc.org | Uli.org NoradaRealEstate.com TheRealAssetInvestor.com/GRE HighlandsMortgage.com MidSouthHomeBuyers.com GetRichEducation.com
This week I had the chance to chat with Paula Pant about all things rental real estate. Paula Pant is a self-proclaimed globetrotter, entrepreneur and investor. She is a journalist-turned-blogger who helps entrepreneurs shatter limits, ditch the cubicle and live life on their own terms. She has traveled to 33 countries and owns seven rental properties. Her belief is that money can fuel your dreams and that it’s about growing your wealth, not pinching pennies. Her blog Afford Anything is part of a larger movement to allow people to ditch the 9-5 lifestyle and master their money to embark on their dreams. HERE'S WHAT YOU’LL LEARN FROM THIS EPISODE: How to streamline the amount of time you spend on renovating and managing your rental properties What’s most important when building a team to assist in maintaining your real estate portfolio What’s to think about when selecting a location to purchase your rental property Realistic expectations on the time commitment involved in finding and analyzing a property The hardest part of the rental real estate game The numbers needed to arrive at your Net Operating Income and how to arrive at your Cap Rate (and what it is) What Passive Income really looks like (and entails) Where to start and what to consider in building your renovation team Why informational interviews also apply to rental real estate investing A good rule of thumb for how much to set aside in a rental emergency fund LINKS WE MENTIONED ON THE SHOW: Paula’s Website Afford Anything
#126: Robert Kiyosaki is our guest today. He’s the #1 Selling Personal Finance Author Of All-Time. He’s authored numerous titles, including the mega-popular “Rich Dad, Poor Dad”. He leads the Rich Dad Company, whose mission is “Elevating the financial well-being of all humanity.” Don’t work for money. Let your assets produce money for you. Kiyosaki’s enduring mantras include: The Rich Don’t Work For Money | Your House Is Not An Asset | Don’t Live Below Your Means, Expand Your Means | Savers Are Losers, Debtors Are Winners and countless other influential quotes and statements. Keith hosts today’s show from Anchorage, Alaska. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive turnkey real estate investing opportunities. Listen to this week’s show and learn: 02:12 The power of the book “Rich Dad, Poor Dad”. 04:23 Robert Kiyosaki interview begins. 05:12 Kiyosaki: Our school system is corrupt. 07:36 The Communist Manifesto (1848) by Karl Marx and Friedrich Engels. 10:16 If you own enough production, you won’t work for money. 11:16 Dying capitalism in the United States. 13:05 “Don’t live below your means. Expand your means.” 15:25 Kiyosaki adds 300-400 properties to his portfolio annually. 16:39 “Printing money on demand.” 18:17 Oil prices. 21:21 You Are The President Of Your Own Life. 24:28 Before buying real estate, consider the amount of debt you can get. Net Operating Income. Consumer Debt vs. Investor Debt. 26:44 20th Anniversary Edition of Rich Dad, Poor Dad. 29:18 The rich, middle class, poor. Concern about a crash. Debt and taxes. 30:32 What can the everyday person do? 31:04 Kiyosaki: We’re going into a depression. 34:45 Weinhold on debt. 36:10 Eight old rules of wealth. It’s faulty financial programming. 39:35 Ripping 401(k)s. 41:16 Telling yourself the truth. 41:53 Donald J. Trump. Keith gives a political opinion. Resources Mentioned: RichDad.com Amazon: Rich Dad, Poor Dad NoradaRealEstate.com TheRealAssetInvestor.com/GRE HighlandsMortgage.com MidSouthHomeBuyers.com GetRichEducation.com
A lot of listeners have asked me to share more about my investing strategies and experiences in Multifamily and Apartment Syndication. The best way to accomplish this is to bring in my business partner, Marty Green, to discuss three of the deals we've done together. Marty Green is the owner of Green Property Management here in the West Michigan area. Marty & I have partnered on three separate apartment investments, and we will discuss the many aspects of those deals during our conversation today. Both of us believe strongly in strategically partnering with the right people to get past plateaus, overcome challenges, and achieve exponential growth in real estate investing. Marty also explains why your expenses should go up, and your income should go down when you first acquire a turnaround investment property. We discuss what to do when you've inherited bad tenants, alternatives to capital calls, lowering expenses to increase your Net Operating Income, and the number one thing we do at all of our communities to prevent tenant problems and attract the best residents. I also share how we syndicated these investments: the SEC rules we followed, the types of investors we worked with, the money we raised, and our communications with our current investors. I know you'll enjoy today's show. Please take a moment to give us a rating and review on itunes. If you'd like to learn more about Marty Green, you can reach him through his website: http://www.greenpropertymgt.com/ To learn more about Hamrick Investment Group: http://www.higinvestor.com/