Description

Title: Losing Nothing and Gaining Everything with John Chelius

Here's a few introduction from John:

I started my career in Los Angeles helping large institutional groups like Colony Capital and Tricon Residential buy, renovate, and manage large single family home portfolios in Southern California. Starting in 2014 I started buying and managing workforce apartment buildings in California, Texas, and Arizona and have sponsored more than 1,700 units, most of which we still own.

Let’s hear more of his story!

[00:01 - 09:15] Opening Segment

• Let’s welcome my guest for today’s show, John Chelius
• John shares how and why he got into the Real Estate
• Switching over to Multifamily
• How did John purchase 400 units?

[09:16 - 30:26] Wins, Losses, and Challenges of an Operator

• Refinancing from previous bumps
• On ratios and cash flow levels
• Lessons learned about renovating many buildings at the same time
• • Learn what you ought to learn
  • Build lasting relationships with your partners
• Creating a system that works
• Why John moved and what’s about that market dynamics
• A challenging market and the LA market
• COVID-19 and tenants
• Adapting to constant change and stress

[30:27 - 32:52] Closing Segment 

• Final Words
• Connect with my guest, John, in the links below

Tweetable Quotes

"Each building is different.” - John Chelius

"We ended up establishing really solid relationships with not only general contractors but also subs to do individual line up at work... That took a while, but that’s an important part of what we’re doing.” - John Chelius

"It is extremely competitive right now, trying to buy any kind of apartment building.” - John Chelius

"We almost never buy buildings that have rent control… The entire state of California actually now has rent control.” - John Chelius

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Shoot John a message through his email, john@montlakere.com

Connect with him through LinkedIn, and don't forget to check out their website www.montlakere.com for exclusive perks and resources

WANT TO LEARN MORE?

Connect with me through LinkedIn

Or send me an email sujata@luxe-cap.com

Visit my website www.luxe-cap.com or my YouTube channel

Thanks for tuning in!  

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