Description

Site visits are a key component of multifamily asset management that can often be overlooked. Today on the podcast, we are joined by Dave Childers, a Managing Member of Residential Investment Advisors (RIA) and Cedar Rock Capital, based in Nashville, Tennessee. Dave has been investing in real estate for over 17 years and started the brokerage just over a decade ago to fill an industry void in assisting private investors with the purchase and sale of multifamily properties. In this episode, Dave shares his years of expertise with us as we discuss the critical importance of site visits, what to look out for, and how it can be beneficial to build good relationships with your property management teams, plus so much more! You won’t want to miss this informative episode.

Key Points From This Episode:

• What Dave looks for when doing a site visit (and why he likes showing up unannounced).
• The value of walking vacant units and buying assets that are easily accessible.
• Why it’s beneficial for Dave to be based in Nashville, Tennessee.
• Your responsibility to conduct site visits as an owner: set the bar high for your managers.
• The importance of building good relationships with your onsite property managers.
• Dave shares his superpower: he has been an onsite manager himself!
• Some red flags to look out for when conducting a site visit.
• How site visits ensure that you (and your tenants) are getting what you pay for.

Links Mentioned in Today’s Episode:

David Childers on LinkedIn

Call Dave Childers

Residential Investment Advisors (RIA)

Asset Management Mastery Facebook Group

Break of Day Capital
Break of Day Capital Instagram

Break of Day Capital Youtube

Gary Lipsky on LinkedIn