On this episode, Justin Fraser of True Multifamily reveals how he loves tenant skips and the advantages it brings to the property. He explains what a tenant skip is and how he encourages it to target undesirable tenants. Also, he shares great tips on how to promote tenant skips on your property.

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This supersized episode features Jerome Myers of the Multifamily Missteps podcast. Jerome tells True Multifamily the truth about his first deal and how he worked through zero cashflow on a million-dollar asset. Jerome discusses what went wrong, how they needed to evict their tenants because they weren't paying rents, how to deal with people moving out because of expired leases, and how he worked with the $30K surprise of a broken sewer pipe.

As Jerome talks about the many challenges on his 23-unit property, he also shares his realizations about the importance of goal setting, shared perspectives, and aligned investment thesis for strong and successful partnerships.

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On this second episode on Justin Fraser's Spotlight Series, he breaks down his business plan on his recently closed 336-unit apartment complex in Winston-Salem. 

 Justin also emphasizes how critical a business plan is, sharing to True Multifamily how to write it and what goes into a proper business plan whether your goal is to add value or renovate.

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On this episode, Sandhya Seshadri of Multifamily4You joins True Multifamily to talk about her first deal that she acquired fourteen months ago and the reality of learning so much being boots on the ground. She talks about the challenges in implementing the business plan even when faced with multiple delays on the schedule.

Sandhya also shares how investing passively is an excellent way to learn the business without taking all the risks yourself, knowing what she likes and dislikes about different ways about running a property.

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Back for part two is Jonathan Bombaci of Candor Realty. This time, he shares how he purchased a multifamily portfolio off the MLS for $1,890,000, appraised it at $2,356,000, and sold it off for $2,575,099 in just less than six months during the coronavirus pandemic.

Jonathan shares how they bought the multifamily portfolio with bank financing and how it was cashflow positive monthly. He also breaks down the FHA rule and shares a few tips to keep in mind on working with his strategy.

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On this episode, Jonathan Bombaci of Candor Realty joins True Multifamily to share how he bought his first triplex, eventually renting it out to pay off his car, student loans, and other debt after college. This started when his grandmother told him to buy a property to rent out.

Also, Jonathan shares the first few lessons he learned as a first-time landlord. He shares how it's not wise to be friends with your tenants, sharing a tough story on how he learned that lesson the really hard way.

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Shawn DiMartile of The Multifamily Takeoff podcast joins True Multifamily to relive his tough experience about running out of capital on his first deal. He tells us his story of going from 0 to 32 units on his first deal and how his team had to borrow more money after the close. 

As Shawn tells us what went wrong on his first deal, he also shares what he learned from it. From replacing sewer pipes and inspecting air-conditioners to reformulating a new strategy that works well on his next deals.

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On today's quick episode, Josh Cantwell of Freeland Ventures and the Accelerated Investor Podcast comes back to talk about how the neighbors of his complex saved the deal! He emphasizes that no matter how small or big your deal is, it matters that you talk to the neighbors about it.

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Today's episode features Jens Nielsen, Principal of Open Doors Capital. Jens talks to Justin about getting the bug for real estate and going for it by finding his 4-unit and his 11-unit.

As Jens scales up after his 11-unit, he finds a good management company to focus on his own niche. Along the way, he figures out the process of making the best out of his closing, creating structures that work for his deals while also figuring out how to transfer old skills to real estate. Jens goes over going beyond your own means by the connecting correctly with investors as well as not neglecting to add value whenever you can.

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