Thanks for tuning in to another episode of the Real Estate Asset Management Podcast! Today we welcome Juan Vargas, a multi-family investor with over five years of experience under his belt. During our conversation, we ask him about the most important factors he looks for in an investment opportunity, why he is moving his focus to A and B products instead of C, and what his rule of thumb is when it comes to numbers. He tells us why he has chosen to focus on Houston and Austin, how the markets differ, and what he likes about DFW. We get into some of the biggest asset management challenges he has had to face, and he tells us how important it is to assign different tasks to different team members. Can you guess what his asset management superpower is? Communication! Thanks for tuning in.
Key Points From This Episode:
Tweetables:
“There’s always surprises, right? Sometimes they’re good surprises and you’ll take them and sometimes there are tough surprises, but you just got to navigate around it and find a solution, right? That’s all you can do.” — @thejuanvargas [08:01]
“For our dealers, we have multiple partners and so we’ll have two or three guys that are on the asset management team. You’ve got to make sure that you have a specific person that’s assigned to a specific duty or task or roles.” — @thejuanvargas [09:30]
Links Mentioned in Today’s Episode:
Asset Management Mastery Facebook Group
