True Multifamily

Lior Rozhansky, Vice President and Real Estate Agent at Compass, joins Justin for this special episode recorded at PODMAX, sharing two stories: one on figuring out how to evict a problematic tenant that is still paying rent and another about his experience with contractor management issues.

Lior also tells Justin about his humble beginnings and how he is currently finding and funding his deals, focusing on multifamily and learning the importance of having a team with everyone in the right seat.

Reference Links:

Compass

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On this episode of True Multifamily, Jeff Holst of Old Fashioned Real Estate discusses his latest acquisition that he closed on during the coronavirus pandemic. Jeff also talks about his real estate journey from battling leukemia to creating "Last Life Ever", a group encouraging everyone to live their best life.

Additionally, Jeff talks about his plans and strategies on moving forward and how to pull a win in the middle of the challenges that the pandemic brought.

Reference Links:

Old Fashioned Real Estate

Last Life Ever

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Facebook

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Justin Fraser of True Multifamily shares what they're doing to get prospects on board without physically visiting the office. Due to the current effect of the pandemic, it’s important to practice social distancing to avoid being infected. Justin walks us through the remote process, keeping both prospects and leasing staff safe from exposure of the novel coronavirus.

Justin gives out his prospects and leasing staff more options to work amidst the pandemic such as utilizing multiple ways to do a virtual tour of the property, a personal video tour with the leasing agent via video call, and also utilizing a digital lockbox that allows the prospect to tour the property.

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True Multifamily

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Joining True Multifamily today is Anthony Scandariato, co-founder and managing partner of Red Knight Properties. He breaks down his experience with fighting an appraiser and how he managed his timeline while citing reasonable steps.

Anthony discusses the steps he made in preparing himself in fighting the appraiser, showing market comps and working with the income approach.

He also discusses his reason behind self-managing properties, sharing with us the pros of overseeing property management, property takeover, and more.

Reference Links

Red Knight Properties

Anthony Scandariato

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Dr. Heath Jones and Hutch "The Marine Investor" of H Squared Capital join True Multifamily to talk about how they met at a conference and how they became business partners!

They walk us through how they started becoming conference buddies and eventually becoming business partners with the same goals whether it be raising capital, growing their network, or overcoming challenges.

Also, they discuss the importance and power of having an accountability partner to grow your connections, to be the voice of reason, and to take substantial action.

Reference Links

H Squared Capital

Social Media

Facebook

LinkedIn: Hutch “The Marine Investor”

LinkedIn: Dr. Heath Jones

Mike Bonadies comes back for the third time to the True Multifamily Show to talk about unique and creative value add strategies. He specifically lays out more ways to add value and increase the revenue on your assets while losing financial stress. Mike talks about looking into electricity and storage as a creative way to add value, increase revenue, and solve more challenges.

Mike does not only add value to his bottom line but also adds value to his tenants into cost savings. He shares a couple of real win-win programs for the tenants to save more money and minimize expenses. He also talks about the challenge and stigma of working with tenants to discuss the ways to save more money and how highly beneficial the tenants understand the difference between commercial and residential electric.

He also discusses storage and its importance to adding value. He provides examples and numbers for you to know more how to utilize storage to the max. In addition to storage, he states that parking is a huge premium.

Reference Links

TerraVestra Property Management

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Back to back at True Multifamily, Matt Faircloth speaks about his past experience as an investor and how valuable an inside community of investors is important to growth, adding value, mitigation, and preparation.

Today’s real estate market changed overnight and to ensure healthy investments, Matt introduces DeRosa Insiders, an inside look of real estate investing and the real-life work investors do in their day to day life. He mentions a lot of benefits of having a community of real estate investors that are striving to grow their business and how DeRosa Insiders shows how good, how bad, or how ugly real estate investing could be.

Justin also gives out a promo code to True Multifamily listeners together with Matt giving an exclusive Basket of Goodies that delivers value for every investor.

Reference Links

DeRosa Insiders

The DeRosa Group

Raising Private Capital (Book)

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YouTube

Matt Faircloth joins True Multifamily to speak about how he is responding to the Coronavirus pandemic with regards to his multifamily properties.

First, Matt stays calm and goes into action mode. He created a mastermind group of other property managers and landlords to lean on for support. This group shares strategies and the latest news on the impacts of government programs, lenders, or other impacts on their business.

Matt then reached out to property managers to set plans and expectations while also talking to lenders and insurance companies about options.

Matt also speaks about what to do if you have a property under contract and how to navigate the due diligence and closing periods.

Reference Links

The DeRosa Group

Raising Private Capital (Book)

Social Media

Website

LinkedIn

YouTube

This episode is part of a special series that features recurring guests to share their fascinating stories, insights, tips, tricks, and best practices on managing multifamily property.

Dave Acosta, managing principal and commercial real estate investment manager of Acosta Capital, joins True Multifamily to share his humble beginnings and strategic transition from becoming a franchise development manager to pursuing his love for real estate. He mentions how he jumped right in without any real estate experience by equipping himself with the knowledge and connections needed so he could eventually take action.

Dave also talks to Justin about how it all falls down to adding value when you’re looking for a mentor.

Reference Links:

Acosta Capital

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LinkedIn

Peter Neill, co-owner, vice president, and internal relations at GSP REI, speaks about the importance of physically going to the property and what happens after the close. He tells us his process of working with the investors and the tenants, and how great relations play a huge role in providing the best relations experience. Peter walks us through the importance of retention, the best ways to raise capital, his team structure, and their forms of effective communication.

Peter also speaks on the commitment of leveraging relationships, understanding what you’re raising capital for, and staying in touch with your investors to know their questions and hear their perspective.

Reference Links

GSP REI

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Facebook