Podcasts about real estate asset management podcast

Asset management is a crucial skill for real estate investors who want to maximize the value and return of their properties. In this episode, we welcome Gary Lipsky, as we explore some of the techniques and best practices for effective real estate asset management, from finding consistent revenue sources to reducing expenditures and managing risks.Come join us and listen in!Gary is a Multifamily Syndicator who has done ¼ billion in real estate transactions. He is the President of Break of Day Capital, whose mission is to positively impact the lives of their investors and the communities in which they invest through the highest level of transparency and fiduciary responsibility. Gary is the host of the Real Estate Asset Management Podcast and best-selling author of Best In Class. As a successful entrepreneur, Gary has built several companies, co-produced 3 independent films and started a non-profit. [00:00 - 09:33]• We welcome Gary Lipsky to the show.• Gary Lipsky and his background on how he started real estate investing? • Why did Gary focus on creating more information about asset management?• Involving your property management company from the very beginning is a must. • What they were focusing to bring on those asset management summits?• Biggest takeaway that that he got from all of his guest and reoccurring mistake that      new  asset managers make?  [09:34 -19:14]• Tracking the bottlenecks and loss of lease tracking.• Why asset management are not the main focus for some people?• A little shake up in the market is good?  • The key with appreciation or not knowing that with your value add strategy it is       achievable.• Gary if he would consider getting AI tools involved in asset management?  [19:17 - 30:27]• Advice for someone who wants to invest passively but doesn't know    the operator that well? • Gary's book and podcast focusing on asset management .• What's next for Gary in the future? A second edition of his book?• Asking Gary Lipsky the Adventurous Four Tweetable Quotes:  " A really good asset manager could take a bad property and make it good and make a good property great." - Gary LipskyConnect with Gary Lipskyhttps://breakofdaycapital.com/ https://www.youtube.com/c/BreakofDayCapital  https://www.instagram.com/breakofdaycapital/  https://www.instagram.com/garylipsky/ Explore more. Adventure awaits.  Please subscribe and leave an honest review .How do you want to create an impact in your world?  Check out Adventurous REI and our social media channels: Facebook, Instagram, and LinkedIn. Michael on LinkedIn Suzy on LinkedIn   Invest with us! Start here. GRAB A  FREE copy of The Complete Guide to Generating Passive Income for Avid Travelers & Adventure Seekers    What's YOUR Best PriceGet the best deal on your next car, don't get taken advantage of, and have a few laughs.Listen on: Apple Podcasts Spotify

Starting a fund is not for everybody. It is a different environment from other financial protocols and it requires a high level of specific knowledge that many have not been exposed to. Here to help us better grasp the world of funds is the Founder, CEO, and Chairman of Fairway America and Verivest, Matthew Burk. After establishing what his two companies do and what his role entails, Matt explains why more people are choosing to start funds and what you need to know when thinking about starting a fund of your own. Our guest also explores the common mistakes that new fund-runners make, the fees involved in starting and maintaining a fund, and what tax looks like in funds, as well as what due diligence encompasses. We end with more vital considerations for starting a fund, including the importance of understanding control rights, so make sure not to miss today's episode of the Real Estate Asset Management Podcast!Key Points From This Episode:Matt's professional background, his two companies, and his current role. Why more people are choosing to start funds in recent times. What you need to know before starting a fund. Common mistakes people make when looking to start a fund. A look at some of the fees involved in starting and maintaining a fund. All things tax and audited financial outcomes. Exploring due diligence: what it means and how to go about it!Why it's important to understand control rights, and other vital considerations.Links Mentioned in Today's Episode:Matthew Burk on LinkedInMatthew Burk on TwitterMatthew Burk Fairway EmailMatthew Burk Verivest Email Fairway America VerivestAsset Management Mastery Facebook GroupBreak of Day CapitalBreak of Day Capital InstagramBreak of Day Capital YouTubeGary Lipsky on LinkedIn

Gary Lipsky,  President of Break of Day Capital,  is a real estate entrepreneur who has a focus on Multifamily Syndication. In this episode, we are going to talk about asset management and  investing and adaptive reuse. Gary shares his vision on upcoming opportunities, knowing the market, and focusing on one thing at a time.  4:21 Managing risk in a down market 9:01 Opportunities for the next 12-14 months 12:55 The value of knowing the market well 17:18 Focusing on one market at a time 19:49 Selling property in Tucson 23:23 Being creative and proactive “ You have to be creative. You have to be proactive. And you have to keep standing up every day you get knocked down.”   Guest Bio: Gary Lipsky Gary Lipsky is a real estate entrepreneur who has a focus on Multifamily Syndication and currently has $161MM AUM. He is the President of Break of Day Capital, whose mission is to positively impact the lives of their investors and the communities in which they invest through the highest level of transparency and fiduciary responsibility.   Gary is the host of the Real Estate Asset Management Podcast, where he speaks with various experts in the real estate industry to help educate asset managers. Gary also is the best-selling author of Best In Class, and founder of the Asset Management Summit.   As a successful entrepreneur, Gary has built several companies, co-produced 3 independent films and started a non-profit. This experience provided a great foundation for his multifamily career.

Joseph Ovard talks to Gary Lipsky about logistic spreadsheets, systems to have in place, and the differences in management styles with B and C class properties.Join our multifamily investing community for FREE for in-depth courses and live networking with like-minded apartment investors at the Tribe of TitansLink to subscribe to YouTube channel: https://tinyurl.com/SubYouTubeDiaryPodcastApple Podcasts: https://tinyurl.com/AppleDiaryPodcast Spotify: https://tinyurl.com/SpotDiaryPodcast Google Podcasts: https://tinyurl.com/GoogleDiaryPodcast Follow us on:Facebook: https://www.facebook.com/DiaryAptInv/ Twitter: https://twitter.com/Diary_Apt_Inv Instagram: https://www.instagram.com/diary_of_an_apartment_investor This episode originally aired on November 21, 2022----Your host, Brian Briscoe, has been a general partner in 655 units worth $50 million and has been lead sponsor, asset manager, capital raiser, and key principal on these properties. He has developed a multifamily education community called the Tribe of Titans that helps aspiring investors learn the game, network with other like-minded professionals, and get their apartment investing business to the next level. He is founder of Streamline Capital Group, which will continue to acquire multifamily assets well into the future. He retired as a Lieutenant Colonel in the United States Marine Corps in 2021.Connect with him on LinkedIn----Gary LipskyGary Lipsky is a real estate entrepreneur who has a focus on Multifamily Syndication and has had a total of $250MM AUM. He is the President of Break of Day Capital, whose mission is to positively impact the lives of their investors and the communities in which they invest through the highest level of transparency and fiduciary responsibility. Gary is the host of the Real Estate Asset Management Podcast, where he speaks with various experts in the real estate industry to help educate asset managers. Gary also is the best-selling author of Best In Class, and founder of the Asset Management Summit. As a successful entrepreneur, Gary has built several companies, co-produced 3 independent films and started a non-profit. This experience provided a great foundation for his multifamily career.Learn more about him at: www.breakofdaycapital.com----Joseph OvardJoseph Ovard is the founder and a Managing Partner of J. Paul Capital LLC, a real estate investment firm located in Idaho Falls, ID. Ever since he was young, Joseph has always had an insatiable interest in commercial real estate, and has come to realize that investing in multi-family real estate was the only way to go if you're looking for great stable returns! Joseph has a Bachelor of Science in Business Management, and has spent over a decade in the operations management field before making the transition full time to multi-family real estate. He's made some strong partnerships with other fast-moving, calculated, and successful real estate investment entrepreneurs.Learn more about him at: jpaulcap.com

The Investor Relations Real Estate Podcast Episode 154 - How To Retain and Build Your Investor List By Having Good Asset ManagementHost: Jonny Cattani Guest: Gary LipskyProducer: April MunsonJonny Cattani is joined by Gary Lipsky to discuss:Asset management Gary Lipsky founded Break of Day Capital at the end of 2016 with a mission to positively impact the lives of their investors and the communities in which they invest through the highest level of transparency and fiduciary responsibility. Break of Day Capital focuses on value-add multifamily opportunities in just a few markets, particularly Tucson, which has led to thousands of data points to make more informed decisions and great broker relationships. Break of Day Capital currently has $98MM AUM. Gary is the host of the Real Estate Asset Management Podcast, where he speaks with various experts in the real estate industry to help educate asset managers. Gary also is the best-selling author of Best In Class, and founder of the Asset Management Summit.Linked material referenced during the show: Book: Crucial Conversations - Joseph Grennyhttps://www.amazon.com/Crucial-Conversations-Tools-Talking-Stakes/dp/1260474186/ref=sr_1_1?crid=2UABQ3NUIHCTA&keywords=crucial+conversations+book&qid=1667444602&qu=eyJxc2MiOiIyLjUyIiwicXNhIjoiMi4wOCIsInFzcCI6IjIuMjIifQ%3D%3D&sprefix=crucial+conversations%2Caps%2C115&sr=8-1Connect with Gary! Website: www.breakofdaycapital.com YouTube: https://www.youtube.com/c/BreakofDayCapital Instagram: https://www.instagram.com/breakofdaycapital/ LinkedIn: https://www.linkedin.com/in/gary-lipsky/ Connect 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_paQ9keABhJzt0AFacebook: https://www.facebook.com/jonathan.cattani.1

With each change in administration, come new changes to the U.S. tax bill. This week's guest on the Real Estate Asset Management Podcast is Brandon Hall, CPA and managing partner of The Real Estate CPA. In our conversation with Brandon, he breaks down some of the tax changes that have been implemented by the Biden administration thus far, what we can anticipate in the coming years, and how the changes may affect real estate investors. We talk about why S corporations will become less impactful for high income earners under the new tax bill, and how the Biden administration opted for a surtax, rather than wealth tax. Brandon discusses the rate at which bonus depreciation will be phased out, and the subsequent relevance of Cost Segregation studies. He predicts an increase in audit rates that will follow the significant budget allocation to the IRS and gives advice on how to prepare. Tune in to find out more about how the tax changes will affect the real estate industry, and how you can remain a few steps ahead and win impending audits!Key Points From This Episode:Brandon's professional background and experience.2021 tax changes: effect on real estate investors.October 2021's “vanilla tax bill”.Why S corporations will become less impactful for high income earners under the new tax bill.How bonus depreciation is going to phase down 20% each year from 2023, until it reaches zero.The relevance of Cost Segregation studies once bonus depreciation has been phased out.How the Biden administration opted for a surtax instead of the wealth tax.2022 tax changes: billions allocated towards IRS taxpayer enforcement.Audit rates expected to increase from 2022.How the tax loss that comes from Cost Segregation could increase your audit risk.What causes people to lose audits, and how to win them by being organized and thinking ahead.Why people should take the IRS more seriously in future.Links Mentioned in Today's Episode:The Real Estate CPAThe Real Estate CPA PodcastTax Smart Real Estate Investors Facebook GroupThe Real Estate CPA on TwitterThe Real Estate CPA on FacebookAsset Management MasteryAsset Management Mastery Facebook GroupBreak of Day CapitalBreak of Day Capital InstagramGary Lipsky on LinkedInGary Lipsky on TwitterBest in Class: How to Manage Your Multifamily Asset, Avoid Mistakes and Build Wealth Through Real Estate

Gary Lipsky is a real estate entrepreneur who has a focus on Multifamily Syndication. He is the President of Break of Day Capital, whose mission is to positively impact the lives of their investors and the communities in which they invest through the highest level of transparency and fiduciary responsibility. Gary is the host of the Real Estate Asset Management Podcast, where he speaks with various experts in the real estate industry to help educate asset managers.    Don't Buy a Forever Home, Buy An Investment Partnering WIth Others Takes Away The Fear Looking For Good Team Players The Coming Recession To find out more about partnering or investing in a multifamily deal: Text Partner to 72345 or email Partner@RodKhleif.com    Please Review and Subscribe

Welcome to the Real Estate Asset Management Podcast! Today, we are joined by author, investor, property owner, and commercial real estate coach, Darin Garman! To start off this episode, we hear Darin's story of coming from nothing (neither money nor experience) to building a company that mitigates the stress of its clients, all while being in the process of raising its deductibles and ensuring blanket coverages. Darin gives us advice on property cost surges and the main reasons for the property cost increase: property tax, property-casualty insurance, and cost of labor. Plus, we learn about why you should not chase the IRR, how to combat and understand the increase in inflation rates, and his take on how to deal with expenses outpacing income. With over 30 years of experience and 5 books under his belt, Darin's advice is not to be missed!Key Points From This Episode:A welcome to today's guest, Darin Garman! Darin's background of starting out with nothing.A look at the motivation behind Darin's books.Chatting about property cost surges, relating specifically to the inflation rate increase.Three main areas of property cost increase:One: property tax.Two: property-casualty insurance (14% to 16% per multifamily community).Three: cost of labor.How Darin's company is raising their deductibles, ensuring blanket coverage, and coverage for roofs.Darin's thoughts and concerns on expenses outpacing income.Why you should not chase the IRR.The mitigated stress of working with an experienced operator.Darin's asset management superpower.Links Mentioned in Today's Episode:Darin GarmanDarin Garman on TwitterDarin Garman on LinkedInDarin Garman on FacebookDarin Garman on YouTubeAsset Management Mastery Facebook GroupBreak of Day CapitalBreak of Day Capital InstagramBreak of Day Capital YoutubeGary Lipsky on LinkedInGarzella Group

Hello and welcome to the 107th Episode of the Real Estate Asset Management Podcast! Building a Financial Backbone with Ben Lapidus.Ben is the Chief Financial Officer for Spartan Investment Group LLC, where he has applied his finance and business development skills to construct from scratch a portfolio of over $500M assets under management, build the corporate finance backbone for the organization, and organize over $200M of debt capital from the firm. Key Takeaways : Let's take a deep dive into the entrepreneurial journey with Ben LapidusHow did Ben get into data?What was it like to build a system like this?Discussion on Netsuite and Hedgehog PrincipleThe custom-built real estate accounting toolHow Data Integrity allows us to go faster and be more transparent with investors and stakeholdersAcquisitions, capital markets, accounting, and finance experiencesTweetables:” Jim Collins hedgehog principle is to find something that overlaps with three components of your life.Something that you're the best at, something that you be a category of one at, something that you really enjoy doing.You're passionate about, which isn't always the same as being, the best at and three something that's economically viable, something that you can make money with” Follow us:✅ Join our group for the latest updates – https://tinyurl.com/mhp5t6 ⠀✅ LinkedIn - https://www.linkedin.com/company/break-of-day-capital/                           https://www.linkedin.com/in/gary-lipsky/ ✅ YouTube - https://www.youtube.com/c/BreakofDayCapital✅ Instagram - https://www.instagram.com/breakofdaycapital/Today's Show Sponsor :Garzella/Multifamily Risk Advisors https://garzellagroup.com/

It is important for Gary Lipsky to stay on top of this ever-changing world. As the President of Break of Day Capital and the host of the Real Estate Asset Management Podcast, Gary is here with us today to discuss how one habit has contributed to his continued growth and success. Gary believes that you should never stop learning and be curious about new ideas, which helps him stay adaptable and prepared for the ever-changing world. He emphasizes the need to balance focus with openness to new ways of doing things.    [00:01 - 03:29] Opening Segment Introducing Gary to the show Balancing execution and openness   [03:30 - 07:47] How to Keep Your Business Growing in an Ever-Changing World Creating a successful podcast and growing your audience Creating a business model Gary's advice on how to monetize your podcast   [07:48 - 08:56] Closing Segment Final words See the links below to connect with Gary   Quote/s:   "You have to be flexible because things are ever-changing and you need to stay on top of that." - Gary Lipsky   You can connect with Gary through LinkedIn, Instagram, and YouTube, or you can visit www.breakofdaycapital.com.   WANT TO LEARN MORE?   Connect with me through LinkedIn   Or send me an email at sujata@luxe-cap.com   Visit my website www.luxe-cap.com or my YouTube channel   Thanks for tuning in!   If you liked my show, LEAVE A 5-STAR REVIEW, like, and subscribe!

Welcome back to another episode of the Real Estate Asset Management podcast! The conversation today centers around the current multifamily environment.Gary talks about the best time to invest in real estate & how to get good deals in this high level of unpredictability of stock market fluctuations, the 24 hours news cycle, interest rates, and rising inflation. To a lot of investors out there, don't follow the data, don't follow fundamentals. It's a scary truth. He talks more about how they (Break Of Day capital)  invest in submarkets that they know well with low cost of living, tremendous rent growth predicted, a strong job market, and still a ton of value to be added to these properties. It's not a city where everything has been picked over.Real estate is a great hedge against inflation. As inflation rises, so do property values and the rent owners can charge. Now, you can't expect the same rentals they have been experiencing, and still may get it in the best markets, but it's better to discount it quite a bit when you underwrite it.Gary shares value-add information on current deals & how real estate offers great tax benefits & makes a good amount of profits.Be sure to like and subscribe to our podcast so you don't miss another episode!Key Points From This Episode:Tweetables:If you're an investor, do your due diligence on operators you wish to invest with because it's not about IRR or even cash flow. Picking an operator that has adjusted their underwriting for the softer curve, if they're using floating debt, a good fixed rate, or a higher average cap on their underwriting, extra working capital, and in areas of high population growth are very important. { Gary Lipsky}Real estate also is a hard asset. If we don't make our prediction or an analyst doesn't meet an analyst prediction for the second quarter in our proforma, our value doesn't go down 25% like a stock. We just keep creating more value by executing our business plan, that's why I love real estate.{ Gary Lipsky}It starts with finding good deals underwriting conservatively, creating a strong business plan, getting good debt and executing that business plan. That's what good operators do during all phases of the cycle. { Gary Lipsky}About the host:Gary has been a real estate investor since 2002, with over 2500 units under management and a $102 million AUM. Gary is also a co-founder of the Asset Management Summit and the Real Estate Asset Management Podcast, as well as a co-author of the book Best in Class. His secret sauce is his asset management competence, which he began cultivating at an early age.Follow us:✅   Join our group for the latest updates – https://tinyurl.com/mhp5t6 ⠀✅   LinkedIn - https://www.linkedin.com/company/break-of-day-capital/⠀                               -  https://www.linkedin.com/in/gary-lipsky/✅ YouTube - https://www.youtube.com/channel/UCSgABJxxi_6yrWq875pkS9w✅   Instagram - https://www.instagram.com/breakofdaycapital1/Today's Show Sponsor :Garzella/Multifamily Risk Advisorshttps://garzellagroup.com/Links Mentioned in Today's Episode:Asset

Hello, and welcome we are back with another episode of the Real Estate Asset Management Podcast! Your positive feedback has been so wonderful to hear, from the very beginning. I am super excited to have Randy Langenderfer share how he dealt with a fire on his first GP deal in the first month of ownership! He shares the process of finding his first deal, the challenges and tribulations that came with the fire, and how they changed the onsite manager to help the property rise from the ashes.Key Points From This Episode:How did Randy find his first deal? How did Randy manage to fix the issue of the property which is on fire?Asset Management SuperpowerBreak of Day Capital offers the chance for others to invest in real estate with experts who are aligned with their goals. Be sure to go to our website www.breakofdaycapital.com and fill out an investor application so that you can learn about our latest offerings.Full podcast –Be sure to like and subscribe to our podcast so you don't miss another episode!About the host:Gary has been a real estate investor since 2002, with over 2500 units under management and a $102 million AUM. Gary is also a co-founder of the Asset Management Summit and the Real Estate Asset Management Podcast, as well as a co-author of the book Best in Class. His secret sauce is his asset management competence, which he began cultivating at an early age.About Our Guest:Randy is President of InvestArk Properties, LLC focusing on creating investor value and passive income returns for the busy professional.  He has been in multi-family real estate since 2014 as both a general partner/key principal in 700 doors and a limited partner in over 4,000 doors.  InvestArk offers the busy professional, who wants to include multi-family in their portfolio, an opportunity to partner with experts who are aligned with their investment goals.  Follow us:✅     Join our group for the latest updates – https://tinyurl.com/mhp5t6⠀✅     LinkedIn - https://www.linkedin.com/company/break-of-day-capital/⠀                            https://www.linkedin.com/in/gary-lipsky/✅   YouTube - https://www.youtube.com/channel/UCSgABJxxi_6yrWq875pkS9w✅     Instagram - https://www.instagram.com/breakofdaycapital1/Today's Show Sponsor:Garzella/Multifamily Risk Advisorshttps://garzellagroup.com/

In this Topical Tuesday's episode, I spoke with Gary Lipsky, who has over $100 million of AUM, with MUCH more under escrow, and is the Co-Founder of the Asset Management Summit, Real Estate Asset Management Podcast and Co-Author of the book Best in Class. His expertise in asset management is his secret sauce and he started developing those skills at a young age. And given his background in asset management and his ability to find compelling opportunities in what is currently a pretty competitive market, I'm excited to have him on the show today... Be sure to tune in if you're interested in learning about: How Gary and his firm continue to unlock compelling multifamily opportunities, in spite of current market dynamic How his underwriting has changed and what recent debt products he's used for his most recent acquisitions How a focus on solid asset management can allow operators to thrive in a challenging and competitive market To your success, Tyler Lyons Resources mentioned in the podcast: 1. Break of Day Capital website 2. LinkedIn 3. Instagram 4. Facebook Interested in investing in ATMs? Check out our webinar.   Please note that investing in private placement securities entails a high degree of risk, including illiquidity of the investment and loss of principal. Please refer to the subscription agreement for a discussion of risk factors. Tired of scrambling for capital?  Check out our new FREE webinar -  How to Ensure You Never Scramble for Capital Again (The 3 Capital-Raising Secrets). Click Here to register.   CFC Podcast Facebook Group

Hello and welcome to the 103rd episode of the Real Estate Asset Management Podcast! Your positive feedback has been so wonderful to hear, from the very beginning. Today's episode will discuss and do the due diligence on sunbelt states.Key Points From This Episode:Q1 data and reportWhat are the constraints for multifamily investors to hold for long-term investment?Why invest in sunbelt states What is Triple Pwhere are cap rates headedAsset Management SuperpowerBreak of Day Capital offers the chance for others to invest in real estate with experts who are aligned with their goals. Be sure to go to our website www.breakofdaycapital.com and fill out an investor application so that you can learn about our latest offerings.Full podcast –Be sure to like and subscribe to our podcast so you don't miss another episode!About the host:Gary has been a real estate investor since 2002, with over 1900 units under management and a $65 million AUM. Gary is also a co-founder of the Asset Management Summit and the Real Estate Asset Management Podcast, as well as a co-author of the book Best in Class. His secret sauce is his asset management competence, which he began cultivating at an early age.About Our Guest:Andrew Rybczynski is a Principal Consultant at CoStar Advisory Services, where he makes recommendations on investment in commercial real estate. Andrew frequently speaks and writes on the Multifamily property type and has been published in the Journal of Portfolio Management. His work is often referenced in national media outlets such as WMRE, The Washington Post, and the New York Times. He has a background in data and spatial analytics and uses these tools to provide data-driven research for both clients and the wider market.Follow us:✅     Join our group for the latest updates – https://tinyurl.com/mhp5t6⠀✅     LinkedIn - https://www.linkedin.com/company/break-of-day-capital/⠀                            https://www.linkedin.com/in/gary-lipsky/✅   YouTube - https://www.youtube.com/channel/UCSgABJxxi_6yrWq875pkS9w✅     Instagram - https://www.instagram.com/breakofdaycapital1/Today's Show Sponsor:Garzella/Multifamily Risk Advisorshttps://garzellagroup.com/

Hello and welcome to the 102nd episode of the Real Estate Asset Management Podcast!  Your positive feedback has been so wonderful to hear, from the very beginning. Join us today as we discuss various asset management strategies with the founder of MainStreet, Patrick Grimes. Not only will we understand the concept in detail, but also learn from Patrick, various lessons and mistakes we can avoid making, by hearing his personal experiences in the Real Estate Industry.Key Points From This Episode:✅ Welcome to the 102nd episode of our podcast✅ About our guest✅ How to find a distressed asset?✅ Tenet and landlord relationships✅ What exactly is Due Diligence?✅ Finding value in otherwise ignored properties✅ Mistakes we can avoid✅ Lessons learned from the market✅ Asset Management Superpowers✅ Investment opportunities on MainStreetBreak of Day Capital offers the chance for others to invest in real estate with experts who are aligned with their goals. Be sure to go to our website www.BreakofDayCapital.com and fill out an investor application so that you can learn about our latest offerings.About Our GuestPatrick Grimes is the CEO and Founder of Invest on Main Street with holdings that include general partner ownership of a multifamily real estate portfolio valued at over $146M, including 1,950+ units across the southeastern United States and Texas.About the hostGary has been a real estate investor since 2002, with over 1900 units under management and a $65 million AUM. Gary is also a co-founder of the Asset Management Summit and the Real Estate Asset Management Podcast, as well as a co-author of the book Best in Class. His secret sauce is his asset management competence, which he began cultivating at an early age.Full podcast –Be sure to like and subscribe to our podcast so you don't miss another episode!Follow us:✅ Join our group for the latest updates – https://tinyurl.com/mhp5t6⠀✅  LinkedIn - https://www.linkedin.com/company/break-of-day-capital/⠀https://www.linkedin.com/in/gary-lipsky/✅ YouTube - https://www.youtube.com/channel/UCSgABJxxi_6yrWq875pkS9w✅  Instagram - https://www.instagram.com/breakofdaycapital1/Today's Show Sponsor:Garzella/Multifamily Risk Advisorshttps://garzellagroup.com/

Hello and welcome to the 101st  Episode of the Real Estate Asset Management Podcast!  Your positive feedback has been so wonderful to hear, from the very beginning. Today's podcast focuses on how one can produce massive income with effective asset management in Multifamily Real Estate with Jason Yarusi, Founder - Yarusi Holdings. Our esteemed guest shares his valuable knowledge about the various factors that are involved in the process of income boosting such as having a strong foundation and thorough knowledge of your area of interest.Key Points From This EpisodeComponents to boost incomeFixing the infrastructure to eventually increase incomeImportance of having a strong foundationWhy one should only focus on one area at one timeIncentivizing the team on hyperfocusAsset Management SuperpowerBreak of Day Capital offers the chance for others to invest in real estate with experts who are aligned with their goals. Be sure to go to our website www.breakofdaycapital.com and fill out an investor application so that you can learn about our latest offerings.Be sure to like and subscribe to our podcast so you don't miss another episode!About Our GuestJason is an active Real Estate Syndicator and Real Estate Investor. Jason and his wife Pili founded Yarusi Holdings, a multifamily investment firm with over 1100 units acquired since 2016. The firm repositions properties through operational efficiencies, moderate to extensive renovations, and complete rebranding.Linkedin - https://www.linkedin.com/in/jason-yarusi-08b9a426/ About the hostGary has been a real estate investor since 2002, with over 1900 units under management and a $65 million AUM. Gary is also a co-founder of the Asset Management Summit and the Real Estate Asset Management Podcast, as well as a co-author of the book Best in Class. His secret sauce is his asset management competence, which he began cultivating at an early age.Links Mentioned in Today's Episode:Follow us:✅     Join our group for the latest updates  {Asset Management Mastery Facebook Group}  –               https://tinyurl.com/mhp5t6⠀✅     LinkedIn - https://www.linkedin.com/company/break-of-day-capital/⠀                                                                        https://www.linkedin.com/in/gary-lipsky/✅     YouTube - https://www.youtube.com/channel/UCSgABJxxi_6yrWq875pkS9w✅     Instagram - https://www.instagram.com/breakofdaycapital1/✅     Website - www.breakofdaycapital.com✅  Garzella Group Today's Show Sponsors: {Garzella/Multifamily Risk Advisors}  -  https://garzellagroup.com/

Join Brandon Magierowski with his guest, Gary Lipsky, as they talk about mastering asset management. Gary is a real estate investor, syndicator, president and CEO of Break of Day Capital, and co-founder of Asset Management Summit. He shares the obstacles he overcame to be the person he is today. Here's a breakdown of what to expect in this episode: 1. Asset management simplified 2. Sneak peek into the week of an asset manager 3. Education material for asset management 4. Break from real estate – Gary in the film industry 5. Gary's ladder to real estate syndications 6. And so much more! ~ About Gary Lipsky: Gary has been a real estate investor since 2002 and has invested in over 1900 units with $65M AUM. Gary is also the co-founder of the Asset Management Summit, Real Estate Asset Management Podcast, and co-author of the book Best in Class. His expertise in asset management is his secret sauce, and he started developing those skills at a young age. Gary got into real estate full-time, specifically multifamily, at the beginning of 2017. He co-produced three independent films in his twenties. He founded arc, an after-school, outdoor education, and leadership development company he grew to over $12 million in revenue and over 700 employees while positively affecting over 9,000 students daily throughout Southern California. Gary is also a founding board member of CORE Educational Services, a Los Angeles-based non-profit benefitting under-served youth. These endeavors taught him how to build systems, winning teams, and handle adversity – skills translated well into real estate. Gary graduated from Boston University with a Bachelor of Science in Business Administration, is an alumnus of the Southern California Leadership Network, and participated in Vistage, an executive coaching organization, for over four years. ~ You can find Gary Lipsky on . . . Website: https://breakofdaycapital.com LinkedIn: https://www.linkedin.com/in/gary-lipsky/ ~ Connect with Brandon! Info Page: https://www.flowcode.com/page/brandon-magierowski Website: https://realfocus.org/gorilla-state-investing-podcast/ Investor Registration: https://realfocus.org/investors/

Hello and welcome to the 100th Episode of the Real Estate Asset Management Podcast! Your positive feedback has been so wonderful to hear, from the very beginning. Join us today as we look back on 99 amazing episodes with memorable guests who shared golden nuggets from their wealth of wisdom. We touch on the topics that we've interviewed experts about, from mega leasing and economies of scale with Neil Boa, to cap rate compression with Andrew Rybczynsk, and more, including a 20 minute MBA from Gino Barbaro. There's always something to be learned from revisiting our podcasts, and the basics of asset management we guide you through are designed to be useful, even to beginners. The basis of everything? You need a MAP: measure everything, stay accountable, and be proactive in all your endeavors. Thanks for joining us.Key Points From This Episode:Welcome to the 100th episode of our podcast.How great it is to receive positive feedback from our listeners along the way.Thoughts on value ad strategy from Episode 17.What Neil Boa taught us about mega leasing and economies of scale.Merrill Kaliser's thoughts on the importance of having KPIs on Episode 10.Andrew Rybczynsk from Costar's thoughts on cap rate compression from Episode 73.The story of how Episode 77's guest, Gino Barbaro, gave us all a 20 minute MBA.Bridge loans versus fixed loans with Andrew Westling on Episode 90.Nikolai Ray's financial engineering expertise communicated on Episode 92.Appreciation for all of our amazing guests and the wealth of knowledge they shared.What you can learn from revisiting our podcasts.The easy basics of asset management that can be of use to a beginner.Why it is important to go the extra mile even if you have a property management company.Why you need a MAP: measure everything, stay accountable, and be proactive.Where to go to keep informed about future opportunities with Break of Day Capital.Tweetables:“I know I've learned a bunch from our amazing guests from Brian Burke, Maureen Miles, Tim Bratz, Anna Myers, Brendan Hall, Mina Jetty, Gene Trowbridge, Jeremy Roll, Jason Yarusi, Michael Becker, Danny Randazzo and so many more.” — Gary Lipsky [0:52]“There are a lot of good property management companies with great people but they aren't owners of that property, what makes you think they'll go the extra mile if you aren't. People make mistakes, you know? I'll admit, I make mistakes so don't expect your property management team to be perfect as well.” — Gary Lipsky [04:40]Links Mentioned in Today's Episode:Asset Management Mastery Facebook GroupBreak of Day Capital Break of Day Capital InstagramBreak of Day Capital YoutubeGary Lipsky on LinkedInGarzella Group

Gary Lipsky is a real estate entrepreneur who has a focus on Multifamily Syndication and currently has $65MM AUM. He is the President of Break of Day Capital, whose mission is to positively impact the lives of their investors and the communities in which they invest through the highest level of transparency and fiduciary responsibility. Gary is the host of the Real Estate Asset Management Podcast, where he speaks with various experts in the real estate industry to help educate asset managers. Gary also is the best-selling author of Best In Class, and founder of the Asset Management Summit.   Let's dive into his story! [00:01 - 06:52] Opening Segment Gary always had an entrepreneurial bug The outer-ed company that Gary runs Taking kids to outdoor adventures Teaching incredible life skills to youngsters What was about Real Estate that was compelling to Gary Good community, great value to clients A sustainability in the space   [06:53 - 13:25] Gary's Real Estate career Focus on a specific space Going bigger and better is easier How to do asset management well Track everything KPI's that Gary likes to track Break everything down   [13:26 - 20:42] Focus is the key! Tracking occupancy Taking a deeper look by asking questions How Gary draws in focus Leading a team to get things done Must-have characteristics of an Operator Gary's thoughts on being vertically integrated   [20:43 - 24:45] Closing Segment  Why focus on multifamily real estate? Problems you can avoid by being a good asset manager Connect with Gary:   Check out their website and www.breakofdaycapital.com and grab their FREE Passive Investors guide! Book a call with Gary on the link provided there. Follow Gary on LinkedIn and follow Break of Day Capital on Instagram Subscribe to Break of Day Capital's YouTube Channel    WANT TO LEARN MORE?   Connect with me through LinkedIn   Or send me an email sujata@luxe-cap.com   Visit my website www.luxe-cap.com or my YouTube channel   Thanks for tuning in!     If you liked my show, LEAVE A 5-STAR REVIEW, like, and subscribe! Tweetable Quotes   "It really gave them [kids] an opportunity to step outside their comfort zones. They only knew 1 or 2 mile radius around their house and we were taking them out to adventures. It wasn't about teaching them how to be great rock climbers, it was about teaching them to have confidence to work together, have communication, and the ability to want to try things, which is so important for all of us. - Gary Lipsky   "The previous business didn't need me anymore.” - Gary Lipsky   "What gets measured gets managed.” - Gary Lipsky

In this episode, we had the opportunity to sit down with Gary Lipsky from Break of Day Capital. Gary is an accomplished real estate entrepreneur who is experienced in the asset management side of the business.In this episode, we cover a very important topic, "Asset Management 101: Creating Your Own MAP".  There is so much news and excitement being shared about "just closing on this 50-unit", or "just closing on this 100-unit", which is great to see.  However, the real magic that is not shared as much is executing that business plan to maximize your ROI, which in effect maximizes your NOI.  And this is accomplished through Asset Managing your investment.This episode is a must listen to interview if you are interested in maximizing your ROI, so you can maximize your NOI. Remember, this is your MBA. Have a notepad handy and get ready to take some notes! Below are few topics that we covered during the interview: ✅ Asset Management checklist✅ 3 Pillars of Asset Management (MAP)✅ Interacting with the 3rd party property management company✅ What KPIs are evaluated and tracked✅ How to mitigate your risk through preparation✅ And more.... Gary's Bio: Gary is a real estate entrepreneur who focuses on Multifamily Syndication and currently has $65MM AUM.  He is the President of “Break of Day Capital”. Gary is also the host of the “Real Estate Asset Management” Podcast, where he speaks with various experts in the real estate industry to help educate asset managers.  Gary is also the best-selling author of “Best in Class” and is the founder of the “Asset Management Summit”.You can reach out to connect and speak with Gary by: ✅ Website:  Break of Day Capital✅ Check out Gary's book: 'Best in Class'✅ Podcast: Real Estate Asset Management podcast✅ Social Media: Connect with Gary on Instagram @breakofdaycapital, Facebook and LinkedInPlease subscribe to the Real Estate Investor MBA Podcast on the following platforms: iTunes Spotify Stitcher iHeart Radio TuneIN Google Podcast Amazon Music If you like what we are doing and see that we are providing a lot of value, please be sure to leave us a 5-star review and positive comment. In doing so, this helps us continue to attract the highest quality type guests to interview and for you to listen to. Check us out at our new website at: REI.MBAFollow us on Social Media: ✔️ Facebook✔️ LinkedIn

In this episode of the Real Estate Asset Management Podcast, we are joined by Quentin D'Souza, a schoolteacher turned prolific real estate investor. Quentin has over 80 million dollars in assets under management across Canada and the US has transacted over 80 properties since 2004 and is the author of four real estate books. In our conversation with Quentin, he sheds light on the differences between the US and Canada when it comes to real estate investment, including the respective risks and benefits, and intel into how to avoid double taxation. We hear about his asset management superpower of repositioning rent-controlled assets: what he has gained from it and the strategies he employs. Furthermore, Quentin shares a few of his methods for turning over difficult tenants and imparts a contagious enthusiasm for the art of asset management! Get on track to become a best-in-class operator and dial in for another illuminating conversation on how to build systems and manage your properties more efficiently.Key Points From This Episode:An introduction to today's guest, Quentin D'Souza.Quentin shares his typical business plan for rent-controlled properties.Under what circumstance rent becomes decontrolled in Ontario.The advantages of raising units to the market rent.How property turnover timelines and tax structures in Canada differ from those in the US.What Canadians should look out for if investing in the US and what to do to avoid double taxation.The risks and benefits of investing in the US and Canada respectively.Quentin's different tenant turnover methods.Quentin's asset management superpower: repositioning assets in rent-controlled environments.Tweetables:“I find that when it's a challenge and I can solve problems that other people can't solve, I can make money where other people won't make money.” — @qmanrei [04:47]“The reason why I invest in the US is because I want to have hedging against the Canadian dollar through the US economy and the US dollar.” — @qmanrei [10:22]“My asset management superpower is definitely doing the repositioning of assets in rent-controlled environments.” — @qmanrei [15:51]Links Mentioned in Today's Episode:Asset Management Mastery Facebook GroupBreak of Day CapitalBreak of Day Capital InstagramBreak of Day Capital YoutubeGary Lipsky on LinkedInQuentin D'Souza on LinkedInQuentin D'Souza on InstagramQuentin D'Souza on TwitterEmail Quentin D'SouzaGet Real Wealthy PodcastBest in Class by Gary LipskyGarzella Group

Today on the Real Estate Asset Management Podcast we are joined by former syndicator turned lawyer, Gene Trowbridge, to talk about voting rights, 1031s, and closing an entity. Gene shares his journey of moving from commercial real estate to syndication, and finally to law at the age of 45. Despite his predictions of retiring from law after 15 years, he's still deep in it 27 years later and, along with his partners, has written offerings for more than five billion dollars of money raised. In this episode, Gene shares his wisdom with us and talks us through everything to consider when preparing to sell an asset, how to determine the selling point, and what to do once a property is sold. Covering everything from discerning the right time to close an LLC to the three choices you have when it comes to 1031s, this episode offers invaluable insights from someone who has truly seen the industry from all angles. Join us for an insightful conversation with a veteran in the field as he advises us on how to avoid the mistakes he's stumbled upon in his long and successful career. By the end of this episode, you'll have a much clearer idea of how to go about asset disposition the right way!Key Points From This Episode:Gene Trowbridge's journey from syndication to law, and the type of offerings he's written.What to consider within the operating agreement when preparing to sell an asset.How to determine the selling point of an asset, based on the opportunity cost.Gene discusses voting rights and his belief that it's the syndicator's job to decide.Why sponsors should pair up with a broker to handle listings.What syndicators need to do once a property is sold.Why you need to dissolve the LLC on the disposition of the final asset, and how to do so.What to do if you close at the beginning and at the end of the year, respectively.Gene shares a mistake he made, and what he would have done differently to bypass the LLC.Why to count on the CPA to tell you how to dissolve the LLC.Why some professional advisers recommend that the LLC be kept open an additional year.The three alternatives when it comes to 1031s and buying people out.What circumstance justifies moderating the operating agreement.What happens when investors want to exchange their property for a deed in a larger property.The minimum threshold and what to do if you lose more than 50% of your investors.Links Mentioned in Today's Episode:Asset Management Mastery Facebook GroupAsset Management MasteryBreak of Day Capital Break of Day Capital InstagramBreak of Day Capital YoutubeGary Lipsky on LinkedInGene Trowbridge on LinkedInTrowbridge Law Group LLPTrowbridge Law on YouTubeBest in ClassGarzella Group

Gary Lipsky is a real estate entrepreneur who has a focus on multifamily syndication and currently has $65MM AUM. He is the President of Break of Day Capital, whose mission is to positively impact the lives of their investors and the communities in which they invest through the highest level of transparency and fiduciary responsibility. Gary is also the host of the Real Estate Asset Management Podcast. Tyler and Gary's discussion focused on how to be a best-in-class operator by optimizing your execution and playing the long game in real estate. Highlights include: How to get a foot in the door in multifamily syndication Gary's three pillars of asset management: Measure everything, be proactive and have accountability Tools Gary leverages for key performance indicators and managing his team Focusing on net operating income Building contingency plans in deals How often Gary's team meets with their property managers and investors Executing secret shopper reports How to strengthen investor relations How the economic landscape effects Gary's portfolio and economic thesis The role mindset plays in Gary's asset management success Gary's experience of going 15 months without making a deal Gary's asset management “superpower” Connect with Gary: Website: http://www.breakofdaycapital.com LinkedIn: https://www.linkedin.com/in/gary-lipsky/ Instagram: https://www.instagram.com/breakofdaycapital/ Facebook: https://www.facebook.com/BreakofDayCapital The following books were mentioned in the show: Best in Class by Kyle Mitchell & Gary Lipsky Buy it, Rent it, Profit by Bryan Chavis Crucial Conversations by Kerry Patterson Are you a real estate investor looking to elevate your income, freedom & lifestyle? If so, optimize your daily performance by downloading our free guide, Raising the Bar - 5 Steps to Elevate Your Habits, at elevatepod.com In this guide, created by your host Tyler Chesser, you'll learn why you do what you do, how to easily institute cues in your environment to trigger desired behavior, directly applicable steps to create a fulfilling future and much more. This episode of Elevate is brought to you by CF Capital, a national real estate investment firm. CF Capital's mission is to provide property investment and asset management solutions to help investors like you maximize their returns by investing in high-value multifamily communities. If you are looking for risk-adjusted alternative investments in quality apartment communities, and are seeking tax optimized cash flow with appreciation upside without all the hassle of management, you might benefit from learning more about investing alongside our team. You're invited to reach out and learn how you can invest with us by visiting cfcapllc.com. We're also currently offering a free ebook called The Bottom Line - 10 Ways to Increase Cash Flow in an Apartment Complex. Whether you're a new or an experienced investor, we're confident you'll find massive value in this resource. Get your free copy today at cfcapllc.com.

Thanks for tuning in to another episode of the Real Estate Asset Management Podcast! Today we welcome Juan Vargas, a multi-family investor with over five years of experience under his belt. During our conversation, we ask him about the most important factors he looks for in an investment opportunity, why he is moving his focus to A and B products instead of C, and what his rule of thumb is when it comes to numbers. He tells us why he has chosen to focus on Houston and Austin, how the markets differ, and what he likes about DFW. We get into some of the biggest asset management challenges he has had to face, and he tells us how important it is to assign different tasks to different team members. Can you guess what his asset management superpower is? Communication! Thanks for tuning in.Key Points From This Episode:An introduction to today's guest, Juan Vargas, a multi-family investor since 2016.The most important factors he looks for in an investment opportunity.Why he is trying to push away from the C product to focus on A and B.How there isn't a certain number he looks for because each deal is different.The general rule of thumb of three to five cap.Why he has chosen to focus on Houston and Austin and how the markets differ.What he likes about DFW and his perception of the market over there.The biggest asset management challenges he has had to face: communication and software.How important it is to assign different tasks to different team members.His asset management superpower: communication and construction.Tweetables:“There's always surprises, right? Sometimes they're good surprises and you'll take them and sometimes there are tough surprises, but you just got to navigate around it and find a solution, right? That's all you can do.” — @thejuanvargas [08:01]“For our dealers, we have multiple partners and so we'll have two or three guys that are on the asset management team. You've got to make sure that you have a specific person that's assigned to a specific duty or task or roles.” — @thejuanvargas [09:30]Links Mentioned in Today's Episode:Juan Vargas on EmailJuan Vargas on TwitterJuan Vargas on FacebookJuan Vargas on InstagramAsset Management Mastery Facebook GroupBreak of Day CapitalBreak of Day Capital InstagramGary Lipsky on LinkedInGarzella Group

Welcome to the Real Estate Asset Management Podcast brought to you by Break of Day Capital! In today's episode, we talk to Boardwalk Wealth syndicator, Omar Khan, about the multimillion-dollar question: sell or refi? Omar shares his thoughts on whether he thinks it's best to recapitalize, sell, or refinance properties and shares examples from his own career experience. We discuss the pros and cons of selling and refinancing, and the challenge of finding a balance with long-term wealth and risk. We touch on what can be done to ease the setbacks of labor shortages and ways to ensure that your team is always up to date and on the same page. Omar talks about the link between cap rates and interest rates and explains why you cannot simply sit around, idly waiting for the market to grow. Tune in to find out more from professionals in the field so you can make an informed decision to either sell or refi.Key Points From This Episode:Guest Omar Khan shares his professional background.Omar's thoughts on whether to recap, refi, or sell.Finding a balance with long-term wealth and long-term risk.Pros and cons of selling.Pros and cons of refinancing.Why Gary chooses to sell more often in a quicker time period.How Omar is willing to take risks with his own money, but not with other people's money.Gary shares how labor shortages have set him back a bit.How Omar has elevated one of his onsite property managers to the role of floating PM.Why Omar makes a record of repeatable tasks to add to an ever-expanding learning library.Loom: what it is and what it can be used for.How cap rates are linked to interest rates.Why you have to be prepared to spend money and can't simply wait for the market to grow.The growing demand for workforce housing.Omar's asset management superpower: being organized.Links Mentioned in Today's Episode:Asset Management Mastery Facebook GroupAsset Management Mastery WebsiteBreak of Day Capital Break of Day Capital InstagramGary Lipsky on LinkedInJake and GinoOmar Khan on LinkedInBoardwalk WealthOmar Khan email: omar@boardwalkwealth.coGarzella Group

Welcome back to the Real Estate Asset Management Podcast. Thanks for joining us! In conversation with us today is Tyler Chesser, who hosts the Elevate podcast, which is all about mindset, mind expansion, and personal development for high-performing real estate investors. Our topic today is big picture investment strategy, and Tyler Chesser shares some amazing pearls of wisdom with us, all underpinned by his view that every deal is unique and has specific qualities. You'll hear all about the property management structure he has implemented in each area he serves, and how he uses a hands-on approach with each of them. He also shares his focus on having an approach of continual course correction in collaboration with his team, always aiming to act out of proactivity and not reactivity. We touch on strategy, tracking tools, and more in today's inspiring conversation. We hope you join us! Key Points From This Episode:Meet today's guest, Tyler Chesser, host of Elevate with Tyler Chesser.His philosophy that every deal is unique and has specific qualities.The areas he serves: Kentucky, Indiana, Ohio, and Tennessee.Why he has chosen to partner with the ideal property management company for each area.How he tries to be hands on with weekly asset management calls with every company. His approach of embracing continual course correction to solve problems together.The principles of communication that Tyler pulled from Gino Wickman's Traction.Why it is so important to build a system to facilitate communication and prevent reactivity. The dangers of acting defensively rather than being proactive in multifamily real estate.Strategy as the most important role of an asset manager.The tracking tools that enable Tyler to store information: Google Sweep, Google Sheets, Excel and Word.Tyler's asset management superpower: leadership. Links Mentioned in Today's Episode:Tyler Chesser Tyler Chesser on FacebookTyler Chesser on LinkedInTyler Chesser on TwitterTyler Chesser on Instagram Elevate with Tyler ChesserTractionCF CapitalBest in ClassAsset Management Mastery Facebook GroupBreak of Day Capital Break of Day Capital InstagramGary Lipsky on LinkedInGarzella Group

Today on the Real Estate Asset Management Podcast, we talk to Dustin Miles and Hayden Harrington of Momentum Multifamily about managing risk in the asset management sphere. We discuss the differences when it comes to managing a C-class versus an A-class or a B-class deal, as well the pros and cons of each class respectively. Dustin and Hayden share the ways in which COVID has affected their choices, as well as some of the invaluable asset management-related lessons they've learned over the years. Tune in for some useful tips and insights on how to mitigate risk and grow intelligently, instead of just growing for the sake of growing!Key Points From This Episode:Dustin and Hayden briefly introduce themselves and share their professional backgrounds.Pros and cons of managing A, B, and C-class deals from an asset management standpoint.How COVID affected each asset class respectively.How Dustin and Hayden track their assets by inputting financials against the proforma.Lessons they've learned regarding asset management.The importance of working with the right management company in the right area.The importance of considering the risk-adjusted return.Why Dustin and Hayden have abandoned C-class for the most part.How to mitigate risk and grow intelligently, instead of just growing for the sake of growing.Why they stick to buying property in the same region and working with the same regional.Their asset management superpowers: being detail-oriented, diplomatic, and team-oriented.Tweetables:"During COVID, we did see quite a difference. We had more delinquency, more bad debt, and all that on the [C-class] side. [A-class] was just a lot more stable, a lot more seamless, less peaks and valleys." – Dustin Miles [0:02:29]“We just want to mitigate risk however we can and grow intelligently – not just grow to grow.” — Hayden Harrington [11:57]“We're not here to be right. We're here to do what's best for the business, for each other, and for our investors. That's something that we keep a priority here at Momentum [Multifamily].” — Hayden Harrington [15:06]“It pays dividends to invest in people and understand who you're getting in business with and not just jumping at the first option or the cheapest option that comes along.” — Hayden Harrington [15:39]Links Mentioned in Today's Episode:Dustin Miles on LinkedInHayden Harrington on LinkedInMomentum MultifamilyAsset Management Mastery Facebook GroupAsset Management MasteryBreak of Day Capital Break of Day Capital InstagramGary Lipsky on LinkedInBest In ClassGarzella Group

Gary is the Co-Founder of the Asset Management Summit, host of the Real Estate Asset Management Podcast, and Co-Author of the book Best In Class. In this episode, we talk about 9 Key Performance Indicators that every investor should know!

With each change in administration, come new changes to the U.S. tax bill. This week's guest on the Real Estate Asset Management Podcast is Brandon Hall, CPA and managing partner of The Real Estate CPA. In our conversation with Brandon, he breaks down some of the tax changes that have been implemented by the Biden administration thus far, what we can anticipate in the coming years, and how the changes may affect real estate investors. We talk about why S corporations will become less impactful for high-income earners under the new tax bill, and how the Biden administration opted for a surtax, rather than a wealth tax. Brandon discusses the rate at which bonus depreciation will be phased out, and the subsequent relevance of Cost Segregation studies. He predicts an increase in audit rates that will follow the significant budget allocation to the IRS and gives advice on how to prepare. Tune in to find out more about how the tax changes will affect the real estate industry, and how you can remain a few steps ahead and win impending audits!Key Points From This Episode:Brandon's professional background and experience.2021 tax changes: effect on real estate investors.October 2021's “vanilla tax bill”.Why S corporations will become less impactful for high-income earners under the new tax bill.How bonus depreciation is going to phase down 20% each year from 2023, until it reaches zero.The relevance of Cost Segregation studies once bonus depreciation has been phased out.How the Biden administration opted for a surtax instead of the wealth tax.2022 tax changes: billions allocated towards IRS taxpayer enforcement.Audit rates expected to increase from 2022.How the tax loss that comes from Cost Segregation could increase your audit risk.What causes people to lose audits, and how to win them by being organized and thinking ahead.Why people should take the IRS more seriously in future.Links Mentioned in Today's Episode:The Real Estate CPAThe Real Estate CPA PodcastTax Smart Real Estate Investors Facebook GroupThe Real Estate CPA on TwitterThe Real Estate CPA on FacebookAsset Management MasteryAsset Management Mastery Facebook GroupBreak of Day Capital Break of Day Capital InstagramGary Lipsky on LinkedInBest in Class: How to Manage Your Multifamily Asset, Avoid Mistakes and Build Wealth Through Real EstateGarzella Group

Hello and welcome back to the Real Estate Asset Management Podcast! Today we talk all things underwriting, with co-founder and principal of Lone Star Capital, Rob Beardsley. In this episode, Beardsley shares some of his vast knowledge on all the components that make up the underwriting process, and guides us through the ins and outs of using the analytical tools at your disposal to create a solid evaluation of your real estate investment (hint: a simple but robust underwriting model is crucial). We also get some advanced tips from his new book The Definitive Guide to Underwriting Multi-Family Acquisition, on making it to the other side of your ups and downs so you can get a permanent win. From rent growth to the relationship between cap rate compression analysis and bond yields during rent inflation, we get all the top insights and more... Tune in today and level up your asset management ability!Key Points From This Episode:What inspired Beardsley to write his new book The Definitive Guide to Underwriting Multi-Family AcquisitionBreaking down the components of underwriting, starting with the T12 and the rent roll, to figuring out its future potential through use of data and a property management partner.Finding your own balance with underwriting tools, and keeping it simple.Focusing on next level analysis of certain metrics aside from IRR and cash-on-cash.What is a debt service coverage ratio, and using that metric to assess risk and future outcomes.The Exit Test, and new loans while your old one is maturing.Following the huge new trends in cap rate compression due to the effects of the pandemic.The relationship between bond yields during rent inflation and lower cap rates.The most important piece in acquisitions right now – rent growth. Beardsley's asset management superpower, and realizing the dream of their own in-house property management company, Radiance Living.Free underwriting resources available for analyzing property. Links Mentioned in Today's Episode:Rob Beardsley on LinkedInThe Definitive Guide to Underwriting Multi-Family Acquisition Lone Star CapitalAsset Management Mastery Facebook GroupAsset Management Mastery websiteBest in Class: How to Manage Your Multi-family Asset, Avoid Mistakes and Build Wealth Through Real Estate Gary Lipsky on LinkedInGarzella Group

Thank you for joining us for another episode of the Real Estate Asset Management Podcast! During today's conversation, Gary Lipsky shares all the details of a deal he closed in early 2021. You'll hear how, when you focus on a few markets, you can become an expert in those markets, what it was like to close a deal within the seller's tough time constraints, and how a zoning attorney can be useful. The real work begins when you take over a property, and Gary shares some insights into what that process looked like during this deal. Get a glimpse into the process of successfully closing a deal and everything that comes after that when you tune in today! Key Points From This Episode:Details of the deal Gary closed in early 2021.Why he chose the deal: the price point, the size of the units, and the number of units in total.How, when you focus on a few markets, you can become an expert in those markets.What time constraints were put on the deal by the seller: to close in 45 days.The challenge of changing the use of the property from student housing to multifamily.Why it was necessary to work with a zoning attorney to close the deal on time.How often you will find that your attorney is not on the same timeline as you.Why the real work begins when you take over a property.Why Gary needed to hire an engineer to do an IPP (individual parking plan) assessment.How they changed one bedroom into a kitchen area.Why this is a ‘to be continued' story: they are close to submitting to the city for phase two.How they scaled the staff after the hurdle of turnover they have overcome since July.The outperformance of the last few months and the units they still need to attend to.Tweetables:“What intrigued me about this deal was the price point, the size of the units, which were big, and the number of units in total, which was right in our sweet spot.” — @garylipsky [0:01:48] “When you focus on a few markets, you can be [an expert] in those markets and jump quickly on a deal if it makes sense.” — @garylipsky [0:02:03] Links Mentioned in Today's Episode:Asset Management Mastery Facebook GroupBreak of Day Capital Break of Day Capital InstagramGary Lipsky on LinkedInGary Lipsky on TwitterGarzella Group

Welcome back to another episode of the Real Estate Asset Management Podcast, today's guest is Andrew Rybczynski. Andrew is a management consultant at CoStar Advisory Services, which is built on top of CoStar, the largest data provider for commercial real estate in the US. They utilize the data to advise institutional clients, banks, pension funds, REITs, hedge funds on investment and commercial real estate, where to do it, and what types have the potential to outperform in the future. Tuning in, listeners will hear about Andrew's take on the differences in regional and market type performance, rent growth, and the impact of evictions on vacancy. We also talk cap rate compression, interest rates, and so much more! So stay tuned!Key Points From This Episode:More about Andrew and what he does for a living.Differences in regional and market type performance and what is being seen out there: tax cost.Rent growth, what it's doing, and how much longer this can continue. CoStar's projections for rent growth in Phoenix, Arizona; 6-7% in the next 1-2 years.How evictions are going to be affected and what will happen to vacancy.Cap rate compression, where interest rates may go, and how it affects the tremendous amount of capital chasing the same deals.What listeners should know about workforce housing. Andrew shares his favorite cities and what's important to him about investing there.Why it's important to research and get to grips with what is happening in cities regarding tech-hub growth.Tweetables:“The more people in the market, the more attractive it is for those employers.” — Andrew Rybczynski [0:02:45] “Workforce — we love it, we like it as an investment class if you're going into it but building into it is very difficult and that is part of the reason that we like it so much as an investment class —  is that it does not face the same supply pressures that you get at the top of the market.” — Andrew Rybczynski [0:11:45]Links Mentioned in Today's Episode:Andrew RybczynskiAndrew Rybczynski on LinkedInAsset Management Mastery Facebook GroupCoStar Advisory ServicesBreak of Day Capital Break of Day Capital InstagramGary Lipsky on LinkedInGarzella Group 

If you want your real estate business to succeed, you must know that asset management is just as important as finding deals and raising capital. Stay tuned as Gary Lipsky explains why asset managers are a critical piece of expanding businesses and how they help avoid the common mistakes of a company.WHAT YOU'LL LEARN FROM THIS EPISODE How to get deals in hot marketsTips for managing a managerWhy you should have a strong regional managerBeing proactive vs. ReactiveHow a full-time asset manager can help your businessRESOURCES/LINKS MENTIONEDBest in class by Kyle Mitchell and Gary Lipsky: https://www.amazon.com/Best-Class-Multifamily-Mistakes-through/dp/1544520891RealPage: https://www.realpage.com/Yardi: https://www.yardi.com/Entrata: https://www.entrata.comABOUT GARY LIPSKYGary Lipsky is a real estate entrepreneur who has a focus on Multifamily Syndication and currently has $65MM AUM. He is the President of Break of Day Capital, whose mission is to positively impact the lives of their investors and the communities in which they invest through the highest level of transparency and fiduciary responsibility. Gary is the host of the Real Estate Asset Management Podcast, where he speaks with various experts in the real estate industry to help educate asset managers. He's also the best-selling author of Best In Class, and founder of the Asset Management Summit.CONNECT WITH GARYWebsite: http://www.breakofdaycapital.comPodcast: Real Estate Asset Management Podcast: https://podcasts.apple.com/us/podcast/real-estate-asset-management-podcast/id1548784535YouTube:  https://www.youtube.com/channel/UCSgABJxxi_6yrWq875pkS9wInstagram: https://www.instagram.com/breakofdaycapital/Facebook: https://www.facebook.com/BreakofDayCapitalCONNECT WITH USGreen Light Equity Group: http://www.investwithgreenlight.com/Special Announcement! Tate's brand new audiobook "F.I.R.E.-Financial Independence Retire Early Through Apartment Investing" is downloadable! Go to: Green Light Equity Group: http://www.investwithgreenlight.com/

Join Vince as he chats with Gary Lipsky about mastering class asset management. Gary is a real estate entrepreneur who focuses on multifamily syndication. So far, he manages about 41-billion dollars worth of assets with more deals in the pipeline. Gary is also the president of Break of Day Capital, which aims to positively impact its investors' lives and communities through a high level of transparency and fiduciary responsibility. He also hosts The Real Estate Asset Management Podcast, where they bring in other real estate experts to educate both aspiring and veteran asset managers. Today, Gary will also talk about his book, Best In Class, which he co-authored with Kyle Mitchell. “Best in Class” lays out the foundations for creating better systems so that you can take control of your property and build wealth for you and your investors. There's plenty to take away from today's episode, so make sure to stay tuned and enjoy! About Gary Lipsky: Gary has been a real estate investor since 2002 and has invested in over 1900 units with $65MM AUM. Gary is also the Co-Founder of the Asset Management Summit, Real Estate Asset Management Podcast, and Co-Author of the book Best in Class. His expertise in asset management is his secret sauce, and he started developing those skills at a young age. Outline of the episode:  •        [01:42] Who Gary Lipsky is and how he got to where he is today •        [03:12] The “why” behind Gary's new venture into passive income •        [05:04] What drew him to asset management and eventually teaching it to others •        [07:40] What “Best In Class” is about and some of Gary's favourite topics in it •        [10:14] How making your property managers a part of your team sets them up for success •        [12:54] The importance of holding people accountable and effective ways to do so •        [14:35] The value of being able to pivot from a business plan that no longer works •        [21:32] How to get the most of your properties' utility savings by applying for grants •      [19:24] Why being flexible is essential in becoming a good asset manager •        [26:58] His experience managing assets and running properties amid the pandemic •        [29:19] Why passive investors nowadays should chase good operators and not IRRs •        [33:58] How you can get in touch with Gary Lipsky to learn more about him and his work  https://www.millionairesmindsetblueprint.com/ Resources: •      Website •      LinkedIn •      Facebook •      Instagram •      Best in Class  HYPERLINK "https://www.amazon.com/gp/product/B096YS1HYX"by Kyle Mitchell and Gary Lipsky   Connect with The Cashflow Project! •      Website •      LinkedIn •      Youtube •      Facebook •      Instagram