True Multifamily is a podcast created by Justin Fraser with the goal of sharing real life stories about the truth of what really happens after closing on Multifamily Property!
All in Property Management
Omar Khan, Managing Principal and Founder of Boardwalk Wealth, joins True Multifamily to talk about his process on syndicating a multifamily property. He shares the importance of being consistent in communicating and using the necessary tools, especially when maintaining a B+ property. He also mentions that a third-party property management company should hire competent and consistent people onsite, emphasizing that the last link in the chain should still be extremely strong.
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.
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.
In this episode, Alina Trigub of SAMO Financial joins True Multifamily shares her experience of switching to a commercial property management company. She tells us the significant difference when she found the right commercial property management company with the right tools, up to date technology, and complete professionalism.
Luc D'Abreau of the Make It Rain: Multifamily Real Estate Investing For Millennials podcast joins True Multifamily to share his lessons learned when he decided to diversify and expand his deals as he evaluates property managers in his multifamily syndications.
Brian Price and Jennifer Gligoric of Leafy Legal Services share their humble beginnings in transitioning to multifamily investing and the lessons they learned from the crash of 2008 up to the present. They also talk about the legal perspective of working with someone who experienced when it comes to property management and the new gold standards of 2020.
Justin took too long to fire a property management company and discusses the mistakes made and how he would do things differently next time around.
