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 Asset Management
In this episode, Kent Ritter of the Ritter on Real Estate podcast joins True Multifamily to share how he plans to deconvert his 110-unit with half studios and half two bedrooms into all studios. After getting a better understanding of the market and seeing the demand, he realized that converting the whole property with all studios will drive up revenue and really add more value to his tenants and investors.
In this episode, Karyntha Walsh joins True Multifamily to share her experience of buying a 20-unit building with her fiancée, how their occupancy went from 19 to 7 in 2 years and how they turned it all around! She shares all the mistakes that they made, how she changed property managers and became a GC to their 20-unit. In 2018, they were able to turn everything around, learning from their beginner mistakes and raised rents more than 50%.
Gary Lipsky of APT Capital Group joins True Multifamily to talk about his process of becoming a successful asset manager. He talks about the system of running his multifamily business with tremendous detail, talking about how communication, accountability, and flexibility are a huge part of the success of an asset manager.
Kyle Mitchell of APT Capital Group talks about the pain points of his property in Phoenix. He tells Justin Fraser how he wanted better quality tenants, creating a creative solution to get rid of undesirable tenants, verifying what the property is doing, communicating well through COVID-19, and holding his team accountable to improve the property.
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.
On this episode, Justin Fraser recaps what he learned about the Asset Management Presentation by Frank Roessler from the Best Ever Conference 2020. He covers the fine line between a property manager and an asset manager.
