Multifamily Insights: What You Have to Do When Buying a Property with Bryan Chavis, Ep. 318
Multifamily Insights: What You Have to Do When Buying a Property with Bryan Chavis, Ep. 318
Bryan has spent the last two decades building successful real estate ventures. His best-selling books âBuy it, Rent it, Profitâ and âThe Landlord Entrepreneurâ are considered essential guides for investors looking to build lasting wealth through multifamily real estate.Â
Bryan is also the runner of a private equity firm called âChavis Capitalâ and he also launched âThe Multifamily Metrics Academyâ which is all about coaching and consulting to help leaders get into the real estate space with their certification.
Letâs dive right in to learn more about the five phases that you must master and Bryanâs approach to systems and procedures.Â
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[00:01 â 05:24] Opening SegmentÂ
- Bryan talks about his background and where his focus has consistently been
- The five phases of real estate that you have to master.
- Why implementation is so important.
- What you need for success.
[05:24 â 17:20] Why Procedures are important.
- Being proactive with the residents.
- How to stop and pay attention to whatâs happening.
- Some of the steps to do when taking over a property.
- Why having procedures in place is so important at the beginning
- Making sure that you have systems and having steps to go forward.
- Getting your team to document all the steps and analyzing whatâs not working.
[17:20 â 22:55] The Multifamily Metrics
- Different ways to look at deals
- Implementation and stabilizing your properties.
- More about the operational side of the business.
- Bryanâs outlook for the future of real estate
- What you need to pay attention to for the future.
- Bryanâs podcast Buy The Block
[22:55 â 40:40] Bullseye Round
Apparent Failure:The challenge of overcoming a brain tumor.
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Digital Resource:redIQ
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Most Recommended Book: The Richest Man in Babylon
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Daily Habit:Meditation
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Curious About:A Iot
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Best Place to Grab a Bite in Tampa:Many places in Downtown - Tampa
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Contact Bryan:
You can connect with Bryan on Linkedin, or on his website and learn more about The Multifamily Metrics at www.multifamilyinvestingacademy.com
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Tweetable Quotes:
âThe model, the systems, the operations - that is what youâve got to master.â - Bryan Chavis
âIf you are not thinking about the operations and you are leaning on someone elseâs understanding then this foundation has been built on sand - Bryan Chavis
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