True Multifamily

In this episode, Lisa Hylton of The Level Up REI Podcast joins True Multifamily to talk about how to build wealth through passive real estate investing. She goes into the details from networking to generating passive income. She specifies the importance of communication and transparency, especially when deals get in trouble, eventually evaluating the health of the deal and discussing the numbers with the investors as soon as possible.

Lisa also gives tips on how to look for the right deal to invest in. She mentions that healthy cashflow and appreciation definitely takes the cake when you’re investing hard-earned money through passive real estate investing with the right people. She also wrote the Investing Passively in Real Estate Funds eBook for anyone who wants to learn more about the whole process from a passive perspective.

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In this episode, Kent Ritter of the Ritter on Real Estate podcast joins True Multifamily to share how he plans to deconvert his 110-unit with half studios and half two bedrooms into all studios. After getting a better understanding of the market and seeing the demand, he realized that converting the whole property to all studios will drive up revenue and really add more value to his tenants and investors.

Kent also shares the difference between an asset manager and a property manager. He goes into detail into the key performance indicators he focuses on and the technology they are using to improve the lives of their residents and staff.

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Scott Meyers, Founder of Kingdom Storage Partners, joins True Multifamily to share the benefits of investing in self-storage. He compares how multifamily is similar to self-storage minus the usual hassles of tenant management, toilets, and trash. With self-storage, Scott found a simpler, more predictable, and more manageable business model that works in a recession.

He also shares that value add is the name of the game when it comes to self-storage investing, looking at how they can position themselves in a strong market while making it very accessible and easy for customers. Also, he shares his marketing tips, from building a crisp and clean website to innovating with accessible 24/7 kiosks.

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In this special and timely episode, Justin Fraser of True Multifamily speaks to various operators about the current situation of the eviction moratorium. He speaks to Alex Felice of Alexandria Capital, Jerome Myers of Myers Development Group, Kyle Mitchell of APT Capital Group, and Daisy Serrano and Luc D’Abreau of Make It Rain Capital.

In a huge discussion, they talk about how the eviction moratorium affected their portfolio and how they dealt with delinquencies. They also discussed rental assistance and state aid, and how they’re helping their tenants throughout the eviction moratorium.

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This episode features:

Alex Felice

Website: brokeisachoice.com

Jerome Myers

Website: jeromemyers.co

Kyle Mitchell

Website: aptcapitalgroup.com

Daisy Serrano & Luc D'Abreau

Website: makeitraincapital.com

In this episode, Josh Eitingon of DXE Properties shares to True Multifamily his experience of changing property management companies due to undisclosed kickbacks. When he established a good working relationship with one of his maintenance staff, he was informed that the property manager was undercutting him and getting a few thousand dollars for a roofing job.

Josh also shares more information on his newer 106-unit deal in Atlanta. He shares the process of a tenancy in common, an arrangement wherein two or more people share ownership rights in a property.

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Jim Monk of CLOZZITS joins True Multifamily to talk about how they design closets that boost revenue. He shares how it’s a huge differentiator in the multifamily competition to install closets that not only increases revenue but also closets that residents like. He mentions how the residents of today are not only looking for a place to live in but also looking for resort-type amenities, retiring the old utilitarian closet and upgrading it to an experience that boosts the asset value of the property.

He also talks about the uniformity and uniqueness of the closet experience that beats the competition, whether you’re in a Class B or Class C type asset, and how it’s cheaper than the usual renovations that owners do to increase the value of the property.

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This episode features Jonathan Barr of JB2 Investments. He joins True Multifamily to talk about property management and the challenges with unexpected fees on their contract. Jonathan shares to always be thorough on the contracts of your deals, letting your attorney review everything to avoid missing the unexpected fees that you don’t notice until you get your first P&L such as the late fees, processing fees, administration fees, and application fees.

Also, Jonathan shares how he ran into some trouble with a manager when they allowed the property manager too much freedom. He emphasizes the importance of keeping an eye on the big picture while executing on a day to day basis.

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Mike Morawski, Founder & CEO of My Core Intentions, joins True Multifamily to open up about the mistake of buying too much real estate way too fast, destabilizing him along the way. He shares his unfortunate experience trying to save his company without disclosing the details to his investors, eventually getting sentenced to 10 years in federal prison for wire fraud and mail fraud charges.

Mike shares the steps he took to rise up from getting wiped out, from writing two books to building a coaching and training platform. He also built a third-party scattered-site residential management company to keep things afloat as he was getting ready to go to prison!

With all his experience, Mike shares the important things you need to know during the transition period of getting a property under contract to closing, emphasizing the importance of staying involved, building relationships with the onsite staff, not overlooking due diligence, and ensuring to take all the steps in place.

For all True Multifamily listeners, Mike is giving away a copy of his book, Exit Plan, a complete guide to multifamily investing in why you need an exit plan before you buy.

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This supersized episode features Sam Primm of FasterFreedom as he joins True Multifamily to discuss how he leveraged social media platform TikTok to educate people about real estate investing. He shares how to work with TikTok’s evolving algorithm, by taking a trend and making it your own, directing viewers from TikTok to YouTube or your website, and the whole content creation process.

He also shares the unique situation of his 32-unit property, being a heavy value add renovation, rehab project, and the process of operating on a property that he did not yet own. With Sam’s creativity, they were able to stabilize the property and maximize profits!

Sam offers free training for anyone who is interested in understanding real estate investing from a foundational level, learning the best tips for when you’re taking the first steps to do it more efficiently, educating on how to create passive income without using any of your own money.

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In this episode, Randy Langenderfer of InvestArk Properties, LLC joins True Multifamily to share how he dealt with a fire on his first GP deal on the first month of ownership! He shares the whole 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.

Randy also mentions the importance of knowing your property manager, not only the onsite manager but also the management company to get a better perspective on how the property is being taken care of.

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