In this episode of The Multifamily 5 Podcast, Mark sits down with Collin Chlebak to discuss the insurance market in the time of COVID-19, the catalysts of hard and soft markets, economic drivers behind insurance rates and steps buyers can take when making an insurance bid. Virtus is an insurance brokerage out of Kansas City with offices around the united states, and believe in industry expertise. Collin leads the Virtus National Real Estate Practice that touches over 300,000 multifamily units an...
Jun 24, 2020•22 min
In this episode of The Multifamily 5 Podcast, we sat down with Marc Belsky to discuss his process when it comes to deciding which sponsor to work with on a deal they're looking to capitalize. We talked about the current appetite for equity groups and the minimum experience level a sponsor must have in order to provide commitment. Marc shared his insight on the changes he is seeing on return expectations as well as in the underwriting spectrum, and the timelines for decision-making from presentin...
Jun 18, 2020•23 min
In this episode of The Multifamily 5 Podcast, we sat down with Derek Merrill, Co-Founder & CEO of LeaseLock, which powers a modern lease experience that totally eliminates all security deposits, surety bonds and guarantors. Instead of tenants paying security deposits up-front, they pay a $30 monthly fee which insures the owner of missed rent payments and damages; ultimately, this helps increase lease conversions, reduce administration costs, and can create an additional revenue stream. For m...
Jun 11, 2020•14 min
In this episode of The Multifamily 5 Podcast, Mark speaks with Ira Singer, principal at Mosaic Construction in Chicago, about the low-disruption, high-impact renovation investments that provide the best ROI for multifamily properties. We discussed in depth the Return-on-Income (ROI) timeline for common multifamily facility improvements, and how these renovations are carried out safely during active shelter-in-place orders. He also goes on to tell us more on commercial renovation techniques ultim...
May 27, 2020•32 min
SunRidge Management Marketing Director, Whitney Miller, spoke with me on this weeks' episode of The Multifamily 5 Podcast to discuss what she thinks are the biggest changes at the property level, 3 months after the 'shelter-in-place' order was activated in Texas. She also discusses the 5 P's of management that SunRidge focuses on to ensure maximum operational efficiency. SunRidge Management Group, is the go-to solution for your real-estate management needs, headquartered in Dallas, TX and recogn...
May 21, 2020•31 min
Grant Garlock, Commercial Loan Officer with BMC Capital, joins us to discuss bank & bridge loans, agency debt, as well as share his thoughts on the state of the market, before and after the start of the pandemic. BMC Capital's services include origination of commercial mortgage loans, bridge lending, mezzanine lending, construction lending, loan assumptions and loan servicing. While BMC is best known for small balance lending, the firm has the capability to finance individual loans up to $10...
May 11, 2020•17 min
Paul Pennington has been in the business of protesting commercial real estate CAD assessed values for over 33 years! Paul joins us to share what’s going on at the state level with regard to Section 11.35 of the Property Tax Code, specifically as it relates to disaster relief. It’s also time to protest your assessed values and reduce your property taxes; Paul shares what information and data he’s gathering to help support lower values and property tax expense. Finally, he shares his TOP TIP to he...
May 07, 2020•27 min
Co-Founder & CEO at Findigs, Inc., Steve Carroll, met with me to discuss their revolutionary product addressing slow landlord rental application processing times, reducing fraudulent application submittals, and most of all TIME. Findigs delivers expedited, non-frustrating, and efficient onboarding solutions from start to finish. To get to know Steve or learn more about Findigs services, you can reach him at steve@finddigs.com or visiting their website, findigs.com Please subscribe, leave us ...
May 05, 2020•10 min
I had a chance to catch up with Michael Becker of SPI Advisory, LLC who has owned and managed several thousand units this cycle. We discuss the current multifamily environment with COVID-19, and strategically planning for multiple scenarios on the back end of COVID-19. Specifically, how to communicate with your investors and lenders, good (and not so good) operational tactics, and what to look for in future acquisitions. To get to know Michael or his company SPI Advisory better, he can be reache...
Apr 28, 2020•41 min
Episode 38: Jeff Chalfin of Flow Dynamics, LLC Jeff Chalfin, CEO of Flow Dynamics, LLC, the patent holder and manufacturer of the SMART VALVE™, offers great insight into how a simple, yet extremely effective variable flow management device solves a number of problems inherent in your water system that are causing you to overpay for your water. "With water becoming one of our most precious and expensive resources, our game-changing technology should become standard equipment for anyone paying a w...
Apr 15, 2020•26 min
Robert Martinez, Founding Partner and CEO of Rockstar Capital, provides 'Rockstar' insight about how they managed to implement a paperless environment successfully, focusing on reputation management & transparency, and how all these efforts prepared them for the conversion to virtual leasing solutions effectively separating themselves from other owners & operators struggling to implement these much-needed virtual/remote solutions today. Since founding Rockstar Capital in 2011, Robert has...
Apr 10, 2020•27 min
Noah Molnar helps investors create additional cash flow by turning rental insurance into a property revenue stream. The POPIC group of companies specializes in structuring, forming, and managing specialty insurance programs. The industry is set up so that 3rd party insurers are set-up to profit, but POPIC works with hundreds of multifamily owners to shift the paradigm, allowing the owners to capitalize on that revenue stream. Listen in to hear about their two services, how their process works, a...
Apr 06, 2020•14 min
In this episode of the “Multifamily 5”, Mark Allen discusses the current COVID-19 environment from a sales and lending perspective with Todd Franks and Trip Going of Greystone. The podcast was recorded on Feb. 27th; Trip shares updates regarding debt service reserves, dynamic interest rate spreads, and loan forbearance. Todd reviews what he’s seeing in the sales market with offers, tours, deals under contract, strategies to work if the economy continues a downward trend, and more.
Mar 29, 2020•44 min
Ben Mandel helps investors with an alternative to the 1031 exchange. If you’ve ever wanted to sell but weren’t sure what to do with the equity because of the competitive market, Ben and his team can help with a unique tool. Listen to learn more about Ben’s offering and how you can defer capital gains without any of the 1031 exchange time requirements. For more information, reach out to Ben through email at macro350@gmail.com
Jan 14, 2020•17 min
Mike Ochstein of Price Realty Corporation is a multifamily veteran to say the least, with over 30 years in the business. Listen in to hear about how Mike got his start in multifamily as one of the original multifamily brokers in Dallas back in the 1980s, which ultimately led him to purchase his first property in the late 80s. Knowing that he couldn't be great as a broker and investor, he decided to jump to the ownership side and has bought and sold several thousand units over the years. Mike sha...
Nov 21, 2019•21 min
Mitchell Voss from WindMass Capital has gone from 0 to 100, real quick! He used to fear if he would have the capital to buy the deal, now he focuses on great deals and knows the capital will be there. Mitchell works with several Family Offices to fund his deals. Why deal with a hundred investors on a single deal, when you can work with a few that are writing BIG checks? Listen to hear how Mitchell structures his deals, how he found and built relationships with Family Offices, and risks involved ...
Nov 01, 2019•30 min
D.J. McClure is with National Flood Experts as a National Account Manager. Have you ever purchased or looked to purchase a multifamily community in a flood zone? Flood Insurance premiums KILL NOI! National Flood Experts and their engineers works with FEMA to potentially remove your property from the flood zone, helping to reduce your insurance expense, and improve the value of your property (and cash flow). This podcast is a must listen, and you should reach out to D.J. to ensure you're working ...
Sep 23, 2019•10 min
Brett Luskey joined Fairmont Management as Vice-President in 2015. He is responsible for the day-to-day operations of each of Fairmont's properties, marketing and development, tenant relations, project financial analysis, and human resources. We discuss one of the most important aspects of multifamily investment: property management. Brett delivers insights you're not going to find anywhere else. Brett's Contact Information: bluskey@fairmontmanagement.com 972.284.1045
Aug 29, 2019•14 min
Lane Beene. Air Force Captain and seasoned real estate investor. He explains the importance of approaching real estate investment like a solider would for a mission. Lane also shares his two keys to net worth and real estate investment. These are insights you don't want to miss.
Jul 19, 2019•30 min
Fiber Stream provides innovative internet and WiFi services at incredible speed. They wholesale these services in bulk packages to apartments, MDU’s, and business facilities across the continental U.S. Providing a technology perk to residents while adding another revenue stream to your business has never been so easy. Learn more during our conversation with Anthony, the COO of Fiber Stream.
Jun 06, 2019•20 min
Since founding Millennium Enterprises in 2007, Philip Manoucheri has worked tirelessly as his clients’ advocate, raising over $5 million in new ancillary income for property owners by negotiating service contracts for more than 35,000 apartment units. Prior to founding Millennium Enterprises, Phillip developed and managed an international textile trading company. Later, Philip worked in Operations for a mid size property management firm where he participated in the acquisition and sale of proper...
Apr 15, 2019•11 min
Neal Bawa may not be "real estate royalty" as he puts it, but at the Founder and CEO of Grocapitus, a commercial real estate investment company, he sources, negotiates and acquires properties across the U.S. for 200+ investors. Learn how he stays ahead of the curve and uses technology driven solutions backed by data science to steer his course. You don't wanna miss this insight.
Apr 01, 2019•23 min
Ann Hambly and Stephanie Whittington of 1st Service Solutions discuss how they're helping investors close more deals, faster. As a broker, I've struggled with ongoing loan assumptions because of all the complexities with multiple stakeholders - 1st Service Solutions "quarterbacks" loan assumptions, so deals get to the finish line with less headaches and at a faster pace. Tune in to learn about loan assumptions and about how 1st Service Solutions is adding value for investors on a national scale....
Feb 20, 2019•19 min
Venkat Avasarala is a co-founder of Raven Multifamily Investments, where he and fellow co-founder (Ramana Korada) own B and C Class multifamily properties. Having recently sold two assets, Venkat provides the top 5 to-do's prior to selling a multifamily property. Please check out Ravenmf.com or e-mail venkat@ravenmultifamily.com for more information.
Jan 28, 2019•15 min
Katie Anderson is the CEO of SaveWaterCo, a company on a mission to save water at your property so you save money. Katie discusses their value proposition for owners of commercial real estate, their process and timeline when working with owners, and she answers some of the more common questions regarding their product and service. Not only is there an NOI boost for properties you already own, but water conservation can help you with new acquisitions from a few different angles. Visit www.savewat...
Nov 30, 2018•16 min
Bailey Avalos with Refuse Specialists, a waste disposal and hauling consulting company. Their main job is to analyze, design and broker waste and hauling programs for your properties. They reduce your expenses and boost your NOI with no up-front cost or risk... it's a no brainer! For more information reach out to Bailey Avalos at bavalos@refusespecialists.com, or check out their website www.refusespecialists.com
Nov 05, 2018•11 min
OPPORTUNITY ZONES - Hot Topic, so hear how investors can benefit and reduce their capital gains tax burden by investing in qualified opportunity zones. Duncan Campbell can be reached via email to answer more questions at duncan.campbell@howard-cpas.com.
Oct 28, 2018•19 min
Harsh Patel of Xoom Energy focuses on saving investors money by reducing their electricity bill. Listen to hear about Xoom Energy and Harsh's unique approach working with investors, along with a recent case study in the DFW area. For more information, Harsh can be reached at harshacn19@gmail.com.
Oct 08, 2018•15 min
Yonah Weiss of Madison SPECS can help you increase your cash flow and reduce your tax liability through COST SEGREGATION. Yonah and I dive into the benefits of costs segregation, how tax reform affects cost segregation, how cost segregation affects limited partners (passive investors), and more! To learn more about cost segregation, reach out directly to Yonah on LinkedIn or at yweiss@madisonspecs.com.
Jun 27, 2018•23 min
Sean Miller is the President of PointCentral, a leading provider of property automation services to short/long term managers of single and multifamily properties. In our interview, Sean and I discuss what property automation is, how it's a value-add for tenants, and how owners are reducing operational expenses. To learn more about PointCentral's offering and value to owner/operators, visit www.pointcentral.com.
Jun 12, 2018•9 min
