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ASK MIKE MONDAYS - How do you select a property manager and when in the process do you engage a property management company?

ASK MIKE MONDAYS - How do you select a property manager and when in the process do you engage a property management company?

After finding the right property; selecting the right property management company is the MOST important decision that an ownership group must determine.

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ASK MIKE MONDAYS - How do you select a property manager and when in the process do you engage a prop...
ASK MIKE MONDAYS - How do you select a property manager and when in the process do you engage a prop...
ASK MIKE MONDAYS - How do you select a property manager and when in the process do you engage a prop...
ASK MIKE MONDAYS - How do you select a property manager and when in the process do you engage a prop...
oldcapitalpodcast oldcapitalpodcast | 5 years ago
After finding the right property; selecting the right property management company is the MOST important decision that an ownership group must determine.
After finding the right property; selecting the right property management company is the MOST important decision that an ownership group must determine.
ASK MIKE MONDAYS: “Mike, what POSITIVE things are you seeing today in APARTMENTLAND?”
ASK MIKE MONDAYS: “Mike, what POSITIVE things are you seeing today in APARTMENTLAND?”
ASK MIKE MONDAYS: “Mike, what POSITIVE things are you seeing today in APARTMENTLAND?”
ASK MIKE MONDAYS: “Mike, what POSITIVE things are you seeing today in APARTMENTLAND?”
Nationwide Commercial Real Est... Nationwide Commercia... | 9 months ago
As you can imagine, with interest rates rising, many apartment investors have been pencils down. Investors are concerned with lower asset value & higher debt service. Is there any good news out there? What are some of the positive ideas that are occurring in apartment investing? Mike is starting to see some positive “green shoots.” Mike discusses some of those encouraging thoughts on what he is seeing in apartment investing. Listen to the guy that has acquired over 14,000 apartment units. Ar...
As you can imagine, with interest rates rising, many apartment investors have been pencils down. Investors are concerned with lower asset value & higher debt service. Is there any good news out there? What are some of the positive ideas that are occurring in apartment investing? Mike is starting to see some positive “green shoots.” Mike discusses some of those encouraging thoughts on what he is seeing in apartment investing. Listen to the guy that has acquired over 14,000 apartment units. Ar...
Ask Mike Mondays - When rehabbing a value-added property; where do you start first?
Ask Mike Mondays - When rehabbing a value-added property; where do you start first?
Ask Mike Mondays - When rehabbing a value-added property; where do you start first?
Ask Mike Mondays - When rehabbing a value-added property; where do you start first?
oldcapitalpodcast oldcapitalpodcast | 6 years ago
Always have a physical due diligence report done BEFORE you buy the property. Make sure that you understand the rental submarket and the tenant demographics. Rely upon the information from a qualified property management company that operates in the same submarket. Don’t over improve the asset too much for the submarket; if the market doesn’t recognize the improvement (pay you more rent) you could have thrown good money after a bad idea. Listen to Michael's thoughts
Always have a physical due diligence report done BEFORE you buy the property. Make sure that you understand the rental submarket and the tenant demographics. Rely upon the information from a qualified property management company that operates in the same submarket. Don’t over improve the asset too much for the submarket; if the market doesn’t recognize the improvement (pay you more rent) you could have thrown good money after a bad idea. Listen to Michael's thoughts
ASK MIKE MONDAYS - When underwriting a transaction; what ASSUMPTIONS do you use? Do you use a sensit...
ASK MIKE MONDAYS - When underwriting a transaction; what ASSUMPTIONS do you use? Do you use a sensit...
ASK MIKE MONDAYS - When underwriting a transaction; what ASSUMPTIONS do you use? Do you use a sensit...
ASK MIKE MONDAYS - When underwriting a transaction; what ASSUMPTIONS do you use? Do you use a sensit...
oldcapitalpodcast oldcapitalpodcast | 5 years ago
Michael and Jonathan Ferrell discuss the economic assumptions that investors must make when purchasing a property.
Michael and Jonathan Ferrell discuss the economic assumptions that investors must make when purchasing a property.
ASK MIKE MONDAYS - Mike, when you are buying a property, how do you handle the current staff that wa...
ASK MIKE MONDAYS - Mike, when you are buying a property, how do you handle the current staff that wa...
ASK MIKE MONDAYS - Mike, when you are buying a property, how do you handle the current staff that wa...
ASK MIKE MONDAYS - Mike, when you are buying a property, how do you handle the current staff that wa...
oldcapitalpodcast oldcapitalpodcast | 5 years ago
If available, retaining some or all of the existing staff can give you immediate inside knowledge on some of the property secrets that you did not uncover during due diligence.
If available, retaining some or all of the existing staff can give you immediate inside knowledge on some of the property secrets that you did not uncover during due diligence.
ASK MIKE MONDAYS - Michael, what should an ASSET MANAGER do?
ASK MIKE MONDAYS - Michael, what should an ASSET MANAGER do?
ASK MIKE MONDAYS - Michael, what should an ASSET MANAGER do?
ASK MIKE MONDAYS - Michael, what should an ASSET MANAGER do?
oldcapitalpodcast oldcapitalpodcast | 4 years ago
An asset manager oversees the property on behalf of the investors. They report any financial or physical changes (good or bad) to the general partner. They help in managing a solution. When you own a small property (10-30 units) you are the ASSET MANAGER…. When you purchase a larger property or own more apartment communities, you may need to hire an asset manager. Remember, your job, as a general partner is to find more apartment purchase opportunities and find more equity. An asset manager wi...
An asset manager oversees the property on behalf of the investors. They report any financial or physical changes (good or bad) to the general partner. They help in managing a solution. When you own a small property (10-30 units) you are the ASSET MANAGER…. When you purchase a larger property or own more apartment communities, you may need to hire an asset manager. Remember, your job, as a general partner is to find more apartment purchase opportunities and find more equity. An asset manager wi...
ASK MIKE MONDAYS - How do you buy you first apartment transaction?
ASK MIKE MONDAYS - How do you buy you first apartment transaction?
ASK MIKE MONDAYS - How do you buy you first apartment transaction?
ASK MIKE MONDAYS - How do you buy you first apartment transaction?
oldcapitalpodcast oldcapitalpodcast | 5 years ago
Michael understands your first transaction is the toughest. Michael owns over 5200 units, but the toughest one was going from ZERO to ONE. Michael gives you the insight on what you should do to get a “win” on the board.
Michael understands your first transaction is the toughest. Michael owns over 5200 units, but the toughest one was going from ZERO to ONE. Michael gives you the insight on what you should do to get a “win” on the board.
ASK MIKE MONDAYS - How do you NETWORK EFFECTIVELY with BROKERS and EQUITY PARTNERS?
ASK MIKE MONDAYS - How do you NETWORK EFFECTIVELY with BROKERS and EQUITY PARTNERS?
ASK MIKE MONDAYS - How do you NETWORK EFFECTIVELY with BROKERS and EQUITY PARTNERS?
ASK MIKE MONDAYS - How do you NETWORK EFFECTIVELY with BROKERS and EQUITY PARTNERS?
oldcapitalpodcast oldcapitalpodcast | 5 years ago
Finding the money and finding the deals are the most important concepts for deal sponsors. Michael offers you some critical solutions on how to build your team quickly.
Finding the money and finding the deals are the most important concepts for deal sponsors. Michael offers you some critical solutions on how to build your team quickly.
ASK MIKE MONDAYS - How do make sure the seller DELIVERS the property in the condition that you origi...
ASK MIKE MONDAYS - How do make sure the seller DELIVERS the property in the condition that you origi...
ASK MIKE MONDAYS - How do make sure the seller DELIVERS the property in the condition that you origi...
ASK MIKE MONDAYS - How do make sure the seller DELIVERS the property in the condition that you origi...
oldcapitalpodcast oldcapitalpodcast | 5 years ago

Michael discusses what you should do to protect yourself right BEFORE you sign your loan documents and close on an apartment building.

Michael discusses what you should do to protect yourself right BEFORE you sign your loan documents and close on an apartment building.
ASK MIKE MONDAYS - Do I need a buyer’s broker when acquiring an apartment building?
ASK MIKE MONDAYS - Do I need a buyer’s broker when acquiring an apartment building?
ASK MIKE MONDAYS - Do I need a buyer’s broker when acquiring an apartment building?
ASK MIKE MONDAYS - Do I need a buyer’s broker when acquiring an apartment building?
oldcapitalpodcast oldcapitalpodcast | 4 years ago
Buyer brokers are not common in multifamily. If you are fairly new into apartment investing, you should have a buyer’s broker represent you. If you are a seasoned apartment buyer, buyer brokers are an extension of your team and will add value. They are out looking for specific transactions that meet your vision. As a general partner you should be focused on 1) raising new equity, 2) finding new transactions. Buyer brokers can assist you in finding the right transaction.
Buyer brokers are not common in multifamily. If you are fairly new into apartment investing, you should have a buyer’s broker represent you. If you are a seasoned apartment buyer, buyer brokers are an extension of your team and will add value. They are out looking for specific transactions that meet your vision. As a general partner you should be focused on 1) raising new equity, 2) finding new transactions. Buyer brokers can assist you in finding the right transaction.