Multifamily Rock Stars

Houston Multifamily Meetup #10 – Will Bandujo – Managing Insurance Expenses

 Today, we hosted Will Bandujo from FitzPatrick Insurance Solutions who provided extensive insight into the insurance markets and why rates have been rising.

 My 3 personal takeaways

1. Insurance providers are more favorable to Class A properties.
2. Carefully screening your residents lowers insurance risks on your properties.
3. Property managers who offer group coverage can provide cost effective effective solutions in a tight insurance market. 

 To get in touch with Will, please reach him at [email protected]

For more information on the attractive tax and diversification benefits of multifamily, please visit 
www.lifechangingcapital.com 
www.synccap.com

Ryan Christopher Nunes

Ravi Ramachandran

Houston Multifamily Virtual Meetup #9 – Brian Wolford – Managing Property Taxes

Today, we hosted Brian Wolford from Morrison & Head who provided extensive insight into how counties value properties and what you can do to underwrite and mitigate these non-controllable expenses.

 My 2 personal takeaways

1. Both major metros and rural markets taxing authorities have become more aggressive in assessing property tax values. 
2. Underwrite at least 90% of purchase price for year 1 property taxes. 

To get in touch with Brian, please visit www.morrisonandhead.com

For more information on the attractive tax and diversification benefits of multifamily, please visit 
www.lifechangingcapital.com 
www.synccap.com

Ryan Christopher Nunes

Ravi Ramachandran

Today, I sat down with Mike Woodfield to dive deep into multifamily operations. He shared many helpful tips so that you can more tightly manage your multifamily assets. 

Mike is the COO, and partner of Obsidian Capital based in Austin, TX. Over the last 5 years, Mike was the lead asset manager overseeing nearly $300,000,000 in multifamily deals. During that time Mike was responsible for the renovation of 2,200 multifamily units totaling $20,000,000 in improvements which created millions in value-add.

To get in touch with Mike, please visit www.obsidiancapitalco.com
To get in touch with Ryan, please visit www.lifechangingcapital.com

Today, we hosted Robert Martinez, the founder of Rock Star Capital at our Houston Multifamily Investor Network Meetup. 

Robert shares his thoughts on the Houston multifamily market, why he says buy everything you can, his views on how to outperform through tight operations and how he has built generational wealth for his family by being “all in” on multifamily.  Robert is one of the most engaging speakers in multifamily. You don’t want to miss this session. 

iTunes

https://podcasts.apple.com/us/podcast/multifamily-rock-stars/id1508553943

To attend our next monthly meetup in Houston, check out 

https://www.meetup.com/Houston-Multifamily-Investor-Network/

For more information on the attractive tax and diversification benefits of multifamily, please visit 
www.lifechangingcapital.com 
www.synccap.com

 Ryan Christopher Nunes
Ravi Ramachandran

Today, we hosted Shayan Hasnain, a Multifamily Broker at our Houston Multifamily Investor Network Meetup. 

Shayan shares his thoughts on the Houston market and how to win deals in today’s market. 

iTunes

https://podcasts.apple.com/us/podcast/multifamily-rock-stars/id1508553943

To attend our next monthly meetup in Houston, check out 

https://www.meetup.com/Houston-Multifamily-Investor-Network/

For more information on the attractive tax and diversification benefits of multifamily, please visit www.lifechangingcapital.com  

Ryan Christopher Nunes

Today, we hosted Vince Porter, a Real Estate CPA at our Houston Multifamily Investor Network Meetup. Vince shares the powerful tax benefits of real estate investing and how to be smart about tax planning. Hear his real estate tax tips and case studies for passive investors and active syndicators.

For a copy of the slides and Vince's contact information please visit
https://www.dropbox.com/s/6kahpbartrr...

To attend the next meetup, check out
https://www.meetup.com/Houston-Multif...

For more information on the attractive tax and diversification benefits of multifamily, please visit 
www.lifechangingcapital.com
www.synccap.com

Gary is a real estate entrepreneur with a focus on multifamily syndications. His company, Break of Day Capital, has $65 MM of assets under management. 

He is the host of the Real Estate Asset Management podcast, the author of “Best in Class” and the founder of the asset management summit. 

Check out this episode to hear 

1. Gary’s 5 asset management tips
2. How he buys assets in Arizona while living in California
3. His tips for raising capital 
4. His advice for people getting into the space

Please visit www.lifechangingcapital.com to learn more about the diversification, passive income, and tax benefits associated with multifamily investing.

The following episode was recorded from our live, in person meetup in Houston, TX. Today’s guest is Ryan Wehner, the founder of Wehner Multifamily who manages 26,000 units across Texas, Oklahoma and Arkansas.

Ryan shares his incredible story of starting his business from his futon to selling a sizeable portion of his company to private equity. Hear his tips for property management and his advice for owners.

Please visit www.lifechangingcapital.com to learn more about the diversification, passive income and tax benefits associated with multifamily investing. 

Today, I had the pleasure of sitting down with Matt Easton, the Founder of Leasing University. Having worked in sales my entire career, I found his consultative sales approach extremely interesting as he applies a high level of sales professionalism to more transactional leasing.

 Here are some notes from our one hour conversation and why you and your property manager should check out this episode

1. How Class B and C properties can “out lease” Class A properties with the right consultative sales approach.
2. The #1 question your leasing staff needs to ask - “Why do you want to move?”
3. Why your marketing is only as effective as your sales process.
4. Why curiosity is the #1 quality Matt looks for when hiring leasing consultants.
5. Matt’s thoughts on the best ways to compensate leasing professionals. 
6. As an owner do you call your properties?
7. Why agreeing instead of arguing helps close leases and renewals.
8. 64% of non-renewals can be traced back to a maintenance request.
9. The dos and don’ts of soliciting online reviews.

Background

Matt is the Founder of Leasing University, the #1 Apartment Leasing Training in the World. Leasing University’s On-Demand Platform and Live Events have simplified how the industry leases apartments. Matt has personally helped hundreds of apartment communities generate billions in additional revenue. 

To get in touch with Matt, please visit www.leasinguniversity.com

To get in touch with Ryan, please visit www.lifechangingcapital.com

I received an early Christmas gift of sitting down with Charlie Young, one of the founding partners of Madera Residential. Madera is an investment company based in Lubbock, TX that acquires assets in DFW and Houston. 

Madera owns 48 properties worth $1.3 bn and manages ~15,000 units. Charlie focuses his time on acquisitions and capital raising.

Below are some highlights from our conversation

·      How Charlie decided to move from property management to acquiring deals

·      Charlie’s investment criteria and acquisition strategy

·      His guiding principles with brokers (“do the right thing”), tenants (“golden rule”) and investors (“put them first”)

·      Fundamental views on DFW and Houston – underwriting cap rates, rent growth and supply/demand balances

·      Charlie’s deal killers – loan assumptions and flooding

·      His plan to grow fee management in 2021 and how they leverage technology in their business

 To get in touch with Charlie, please visit https://maderaresidential.com

To get in touch with Ryan, please visit www.lifechangingcapital.com