Think Multifamily Podcast

Welcome back, investors! Today, we continue with Part 2 of our Think Multifamily podcast journey into the world of Asset Management.   Our guest, Mike Kenney, joins host and Identical twin brother, Mark, once again to share his 20-year real estate experience.   They will take you on a journey behind the scenes of what it is really like to be a Multifamily Property Asset Manager.   Join us for an exciting look into Asset Management with Mark and Mike on the Think Multifamily podcast.   Let's dive right in!

Welcome back Investors. In today's exciting episode of the Think Multifamily podcast, we're diving into the captivating world of "Asset Management."   Prepare for part 1 of our thrilling 2-part series, featuring an expert guest appearance – Mark's identical twin brother, Mike Kenney! With 20 years of real estate experience, Mike is here to unveil some truly remarkable insights!   This episode highlights how asset managers act as effective communicators between the General Partners and the investors. They ensure the business plan is executed diligently and report progress to both parties.   Mark and Mike will shed light on the challenges faced by asset managers who are often juggling multiple responsibilities. They emphasize the importance of focus, as trying to perform numerous tasks simultaneously can hinder their efficiency.   Throughout the conversation, Mark and Mike underscore the ultimate goal of asset management – optimizing the performance of multifamily properties. They provide insights into implementing strategies to increase occupancy, improve collections, and boost overall property value.   So, join us for this captivating journey as we explore Asset Management with the remarkable Kenney twins on the Think Multifamily podcast!   Let's listen in now!

Welcome back to the Think Multifamily Podcast as we finish off this 3 part series of Mastering the Syndication Game, with our guest Dugan Kelley.   Throughout this series, Dugan has been sharing about the regulatory shift affecting the Multifamily space. With many properties’ debt coming due in the next 12-18 months and continuous rising interest rates, it will be critical that property owners and syndicators start to get creative when it comes time to financing or refinancing their properties.   Dugan shares that we are only limited by our lack of creativity, however, your loan docs will limit your creativity; so be sure you are leveraging an experienced attorney to help you navigate this volatile time in the market.   You won’t want to miss a moment of today’s show, so let's dive into part three with Dugan Kelley."

Welcome back investors.

Buckle up for part two of our conversation with Dugan Kelley, one of the country's top real estate syndication attorneys.

Whether you're a seasoned pro or a newcomer to the multifamily syndication space, prepare for invaluable insights straight from the front lines of the industry.

Don't miss a word as Dugan shares his extensive knowledge and experience with us.

Now let's dive right back into the show. 

THIS EPISODE’S GUEST:

Dugan Kelley: kelleyclarke.com/dugan-p-kelley/

Welcome back, investors! Today, we have an exciting three-part episode of the Think Multifamily podcast.   Get ready to dive deep into the world of multifamily investing with our expert guest, Dugan Kelley, who is one of the top Real Estate Syndication Attorneys in the country.   Dugan Kelley is not your average attorney. He has been a great friend for over 13 years, and has been an invaluable part of our team for 7 years, witnessing the incredible potential of multifamily investments firsthand.   When it comes to legal matters such as SEC compliance and PPM documents, Dugan is our trusted expert. His extensive experience in syndication has made him a sought-after professional in the industry.   In this episode, Dugan will generously share his insider knowledge with us. Whether you're a seasoned investor or just starting out, this conversation holds tremendous value for everyone. Trust us, you won't want to miss a single word!   Dugan works with Syndicators from all over the country and has a ton of insight into what is happening in the industry, good and bad. With his extensive network and experience, he has a finger on the pulse of the real estate syndication landscape, from emerging trends to potential pitfalls.   Brace yourself for a wealth of insider information that will empower you on your multifamily investment journey.   Let’s Listen in Now.

Hello and welcome to another episode of the Think Multifamily podcast, where we break down the complexities of multifamily investing.  Today, we have a special treat for our listeners. We're joined by the master of multifamily himself, Mark Kenney, who will be providing us with exclusive insights into the benefits of coaching with Think Multifamily.   Have you ever wondered what happens when a Think Multifamily coaching client submits a multifamily deal for review?   Today, you get a sneak peek into that process. Mark will be discussing the crucial things he looks for in the deal analysis before making suggestions to the client about the acquisition. He'll discuss factors like the property's year, class, occupancy, and location to get a holistic view of the property. He'll evaluate the asking price and dig into CapEx - the money that will be spent on the property and how it's allocated between interior and exterior improvements.   Mark will walk us through the timeframe of the proposed rehab and the rent plan - is there potential to increase rents? He'll evaluate unit size because if units are too small, securing a loan could be challenging.   He'll also dive into the intricate details of loan information. He'll explore closing costs with different types of loans – conventional, bridge loan – and discuss the variations that come with different loan types. He'll examine other potential fees and the provision for working capital.   In addition, Mark will delve into T12 analysis, looking at factors like property taxes, insurance, industry standards, and utilities. Finally, he'll discuss how the member is structuring the deal and the splits between the general partner team and the passive investors.   Join us as we take a deep dive into the multifaceted world of deal analysis with Mark Kenney. This episode promises a wealth of knowledge for everyone, whether you're a seasoned investor or a newbie looking to break into the world of multifamily investing.   So stay tuned, Think Multifamily listeners. You won't want to miss this!   Let’s listen in now.

Welcome to the Think Multifamily podcast, where we demystify the world of multifamily investing.   Today, we're diving into an exciting and pivotal topic - sourcing deals.   Guiding us through this intricate process is our esteemed expert, Mark Kenney.   In this episode, Mark will shed light on the interaction between selling brokers and buying brokers and how we, as buyers, should engage with them. He'll take us behind the scenes and explain how commercial multifamily brokers differ from real estate agents who deal with single-family homes. Mark will also caution you about Confidentiality Agreements or CAs.   He'll share tips on dealing with brokers who may not be very reputable, and the implications of signing a CA that could potentially lock you into any deal in a submarket, irrespective of their agreement with the sellers.   We'll explore the alluring world of off-market deals, and Mark will provide insights on how these can fit into your investment strategy.   But who should sell your deal? What is the protocol for this? Mark will share an unwritten rule in commercial real estate that everyone should know about.   So whether you're an experienced investor or just starting on your multifamily journey, this episode is packed with invaluable information to help you navigate the broker landscape effectively.   Tune in to Think Multifamily and prepare to elevate your investing knowledge.   You won't want to miss this, so stay with us! Let’s listen in now.

Hello and welcome back to the Think Multifamily podcast!

Today, Mark is going to be discussing Interest Reserves & Cap Ex. He will explain what they are, when we should use them, and if it's even a good idea to use them.   He will also guide us on how to negotiate these things with your bank or lending institution. Mark will also explain whether replenishing your interest reserves is necessary and what it implies for your investment.   Getting the details on Interest Reserves and Cap Ex can assist us in choosing the most suitable lender when making a multifamily property investment.   Later, Mark will discuss 'Capital Expenditures', or 'CapEx', which refers to money spent on improvements or major repairs done to the property.   He will explain about submitting a DRAW request for reimbursement from the lender, after the work is completed.   So buckle up and prepare to dive into a wealth of knowledge about interest reserves and CapEx with Mark Kenney.   Stick around because you won't want to miss this episode!   Let’s Listen in now.

Welcome Back Investors and “Welcome to the Think Multifamily podcast – We’re excited to share with you real and actionable strategies from the world of multifamily investing.   In this episode, we dive into the topic of loan assumptions and demystify common misconceptions.    With the current market of high interest rates on new loans, Mark discusses the benefits and other nuances of Assuming a Loan on a Multifamily Property.   He shares a seller's rationale behind listing the property as a loan assumption and gives you OPTIONS as the Buyer that you may not know you had.   Additionally, Mark shares insights on timing, verbiage in contracts, interest rates, rate caps, and the potential for supplemental loans...all in this compact episode.   So join us as we unravel the intricacies of loan assumptions and equip you with the knowledge you need to make informed investing decisions.   Let's listen in now.

Welcome Back Investors and "Welcome to the Think Multifamily podcast – We're excited to share with you real and actionable strategies from the world of multifamily investing.

Today we're taking you behind the scenes, and this is not your regular podcast episode. Instead, we're sharing a glimpse into our exclusive Family Syndication Group MEMBERS ONLY call. This is where our tight-knit community of investors comes together to share knowledge, troubleshoot challenges, and chart the course for their investment journey.

Our topic for today is about leveraging the power of virtual assistants (VAs) and artificial intelligence (AI) in your multifamily business operations. We'll be discussing what works, what doesn't, when it's best to use a VA, and which tasks you might want to handle personally.

Remember, it's all about working smarter, not harder, and these modern tools can be game-changers in helping you scale your business and reclaim your time. We're also going to share some pitfalls to avoid and practical tips to help you navigate this space effectively.

So, whether you're just dipping your toes into the multifamily waters or are a seasoned investor looking to sharpen your edge, we're glad you're joining us for this behind-the-scenes look at a Family Syndication Group call.

Buckle up, because it's time to dive deep into the world of VAs, AI, and multifamily investing!

Let's get started..."