Shows
Real Estate Investor PodcastEpisode #229: Aleksey Chernobelskiy: What to Know as a Limited PartnerWhat does it mean to vet a real estate deal as a limited partner? In this episode of The Real Estate Investor Podcast, host Gary Lipsky welcomes Aleksey Chernobelskiy, Principal at Centrio Capital Partners and Founder of GP-LP Match. Aleksey previously ran Store Capital’s lucrative real estate portfolio and underwriting team before shifting his focus to educating and advocating for limited partners (LPs). Through his daily posts, newsletter, and investing partner platform, he helps LPs avoid costly mistakes and spot opportunities others miss. During the conversation, Aleksey explains the difference between REITs and funds and how return profiles co...2025-04-1126 minReal Estate Investor PodcastEpisode #227: Joe Fang: Navigating Uncertain TimesUncertainty in the real estate market can create both risk and opportunity. Long-term success belongs to those who know how to navigate it wisely! In this episode, we welcome back investor, macroeconomics expert, and Director of Investor Relations at Break of Day Capital, Joseph Fang, to break down key market trends, interest rate predictions, and investment strategies that matter right now. Gary and Joe discuss their recent acquisition of Icon on Headley, the importance of strategic staffing and property synergies, and how macroeconomic forces (like tariffs and inflation) impact real estate. Joe also shares his insights on interest rate...2025-03-2128 minReal Estate Investor PodcastEpisode #223: Finding the Best Real Estate Locations with Austin HairJoining Gary on the podcast today is Austin Hair. Austin is a real estate developer specializing in identifying prime locations that help clients scale quickly and provide investors with secure, compounding returns. With over a decade as a professional wakeboarder and a finalist on American Ninja Warrior, Austin combines discipline and calculated risk-taking to excel in real estate investment. He focuses on finding low-risk, high-return opportunities that benefit both tenants and investors. Tune in to hear how Austin got into the business of real estate and the key data points they look at when choosing their locations. He even...2025-02-0721 minReal Estate Investor PodcastEpisode #219: Gary Lipsky- Closing Deals in Today's EnvironmentWelcome back to a new year and another episode of The Real Estate Investor Podcast with your host, Gary Lipsky of Break of Day Capital. In this episode, Gary dives into today’s topic: finding and closing deals in the current market. He shares insights from their most recent deal, recaps the capital trends of 2024, and offers actionable tips to help you prepare for when deals come to market. Tune in to discover what made this a challenging year for investors, why understanding your market is crucial, and hear Gary’s important public service announcement. Thanks for listening!2025-01-0308 minReal Estate Investor PodcastEpisode #208: Gary Lipsky – Invest SmartOur very own Gary Lipsky has written another incredible real estate investment book! Invest Smart: Spotting Red Flags in Real Estate Syndications and in this episode of the Real Estate Investors Podcast, Gary is telling us all about it. Tune in to hear what you will learn from the book, why he wrote it, who it is for, and so much more! Head over to Amazon now to get your hands on this incredible guide that will make you a better real estate investor and be sure to email your review to Gary when you’ve read it! Thanks fo...2024-08-3008 minReal Estate Investor PodcastEpisode #204: Feras Moussa: The State of MultifamilyWhile multifamily investors face numerous challenges in today's market, there are still many lucrative opportunities available. Join us as we delve into the current state of multifamily investing with Feras Moussa, co-founder of Disrupt Equity, a vertically integrated commercial real estate investment firm specializing in multifamily acquisitions. As a serial entrepreneur and multifamily expert, Feras brings a wealth of experience to this episode, having overseen the acquisition of over 5,000 units and more than $800 million in assets across Georgia, Texas, and Florida. Listen in as he shares valuable advice for negotiating loan MODs, the importance of building communities, not just...2024-07-1914 minReal Estate Investor PodcastEpisode #202: Transform Your Business with Aaron VelkyWhat if your biggest obstacle in life is, in fact, yourself? In today’s episode, Gary Lipsky sits down to interview Aaron Velky, a transformational coach who helps entrepreneurs overcome personal challenges to achieve their goals. Tuning in you’ll learn about the critical role that mindset plays in achieving success, along with strategies for breaking out of comfort zones and addressing self-limiting beliefs. Aaron shares his journey from coaching youth soccer to guiding business professionals before offering insights on how to overcome "analysis paralysis" in real estate investing and beyond. Through personal stories and practical advice, he emphasizes the...2024-06-2821 minReal Estate Investor PodcastEpisode #200: Looking Back on 200 Episodes!Join your host, Gary Lipsky, for the special 200th episode of the Real Estate Investor Podcast! Over the past four years, we've featured amazing guests discussing a wide range of topics, including KPIs, disposition, downside protection, insurance, raising capital, business plan execution, construction management, exit plans, and much more. Our guests have included economists like Dr. Peter Linneman, lenders, lawyers, operators, and even a functional medicine practitioner because of his firm belief that health is wealth. We've also welcomed a former pro skater, a UFC fighter, a fireman, and men and women who have served our country. Tune in...2024-06-0705 minReal Estate Investor PodcastEpisode #199: Selling a Deal in Today’s MarketAre you curious about how to successfully sell a property in a challenging market? In this episode of the Real Estate Investor Podcast, host Gary Lipsky of Break of Day Capital delves into the complexities and strategic decisions involved in selling a real estate deal amidst fluctuating interest rates and economic uncertainty. Gary shares his experience of opting to sell a student housing property in Tucson instead of refinancing it, detailing the meticulous process from initial consideration to closing the deal. Tune in to learn how investor feedback, market conditions, and thorough due diligence play crucial roles in making...2024-05-3113 minReal Estate Investor PodcastEpisode #192: Top 10 Things to Look for in an Operator with Adam Dresher and Joe FangDeciding who to invest your money with is a huge undertaking and with so many people entering the field of real estate investment, it’s more difficult than ever to know if someone is the right choice for you. Today, Gary Lipsky is joined by his colleagues from Break of Day Capital, Joseph Fang and Adam Dresher, for an informative discussion on the top ten things to look for in an operator so that you can make the best possible investment choices. Join the Break of Day Capital team as they unpack each of these points and how to im...2024-04-0520 minReal Estate Investor PodcastEpisode #191: Peter McKernan: From Firefighter to Real Estate InvestorToday on the Real Estate Investor Podcast, we are joined by Peter McKernan, a friend of the show, an investor and real estate agent in Southern California, as well as a former firefighter. In this episode, we discuss the value of leveraging the experience of others, especially if you’re nervous about jumping into your first deal, and highlight some of the key components of a successful partnership. We also take a look at California’s accessory dwelling unit (ADU) regulations, how real estate investors can benefit, tips to bring risk-averse investors around, and Peter’s retrospective advice for anyone...2024-03-2925 minReal Estate Investor PodcastEpisode #176: Gary Lipsky – Bullish or BearishStriking a balance between a bullish and bearish attitude toward the real estate market is a skill that is imperative for success in multifamily real estate. In this episode of the Real Estate Investor Podcast, we are discussing the future of the market and our conversation on the multifamily panel at the recent MFIN conference. Tuning in, you’ll hear about the unknowns in the market, what our plans are for next year, the importance of investing based on where you think the market may be, and more. We even remind you that the market is unpredictable and timing it...2023-11-2406 minReal Estate Investor PodcastEpisode #172: Joseph Fang – Fear & MacroEvery investment is accompanied by some element of risk. Seasoned investors know this, but for many, there is still a lot of fear around economic instability, market volatility, and more. Today, Joseph Fang, Director of Investor Relations here at Break of Day Capital, returns to the show to share his big-picture take on the current macro environment, the perks of being a contrarian, the dangers of over-diversification, and what you can do to capitalize on opportunities that others might be too cautious to take advantage of. To learn more about making solid investment decisions that will help you reduce...2023-10-2015 minReal Estate Investor PodcastEpisode #160: Joseph Fang and Gary Lipsky - Asset Management WinsWe’re taking a little detour today as our very own Gary Lipsky dons the hot seat to bring you all the asset management wins currently happening at Break of Day Capital. Joseph Fang assumes the role of host and questions Gary on his exploits as a speaker and why he loves to spend his time in front of large audiences. Then, we dive into some asset management wins by taking a look at the renovations that are happening at some of our properties. We discuss some of the troubles we’re experiencing when trying to boost NOI and how...2023-07-2114 minReal Estate Investor PodcastEpisode #157: Pain and Opportunity with Rod KhliefAt the brink of a global recession, it is possible and beneficial, to choose excitement over fear. During this episode, Rod Khlief returns to the podcast to share his predictions for the future of our economy and how we can succeed in a changing climate. Rod is a top real estate and peak performance expert, multiple business owner and philanthropist. He has owned over 2000 properties and hosts the Lifetime Cashflow Podcast, with over 16 million downloads. One of the themes he speaks about weekly is mindset power; during this conversation, he offers some insights he shares there. He touches on...2023-06-3023 minReal Estate Investor PodcastEpisode #154: Gary and Joe - Patience & PerformanceIn an answer to the many questions we’ve received about what’s happening at Break of Day Capital, Gary and Joe sit down to discuss everything that the company is getting up to. You’ll come to understand why we are not fazed by our 9-month deal drought, the deals that are currently in progress, how we go about executing our vision, and what you can focus on for motivation when most of your work is done behind the scenes. For a breakdown of our recent website updates and to find out what we’ll be doing for the rest...2023-06-0913 minReal Estate Investor PodcastEpisode #143: A New BeginningWe’re back with a new name, new look, and more of the same incredibly educational content with the Real Estate Investor Podcast! This episode has a little bit of a different feel as we welcome another host to the show, Joseph Fang, and delve into the reasons for changing the podcast’s name. We even look back on some of our favorite episodes and guests before hearing a bit of personal information about our incredible leader, Gary. Gary shares some phenomenal advice for young investors that he wishes he had known as a younger entrepreneur. Finally, he tells us a...2023-03-2420 minReal Estate Investor PodcastEpisode #138: Gary Lipsky - What to Look for in 2023While we do not have a crystal ball to predict what the market will be like in 2023, there are many factors that we can use to make an educated guess and give you as much information as we can. In this episode, we discuss why we believe real estate prices will lower in 2023, how operators are preparing, why deal flow will be slow, especially in the first quarter, and why we believe this period will make for a good buying opportunity. We also discuss why operators need to be in touch with economic reality before delving into what makes...2023-02-1707 minReal Estate Investor PodcastEpisode #123: Deal StrategyIn this episode, we share the details of two new properties we are very excited about that we have recently closed on in Tucson, Arizona. Although the vintage nature of these properties scared away potential buyers, we only saw promising investment opportunities. In this episode, we walk through the processes of buying the properties and the steps we took to ensure they were wise purchases. Find out what it was about the properties that caught our attention, how we increased income from rentals, and the progress we have achieved on leasing units. You will also hear the measures we...2022-10-2108 minReal Estate Investor PodcastEpisode #120: Real Estate Tax Changes with Brandon HallWith each change in administration, come new changes to the U.S. tax bill. This week’s guest on the Real Estate Asset Management Podcast is Brandon Hall, CPA and managing partner of The Real Estate CPA. In our conversation with Brandon, he breaks down some of the tax changes that have been implemented by the Biden administration thus far, what we can anticipate in the coming years, and how the changes may affect real estate investors. We talk about why S corporations will become less impactful for high income earners under the new tax bill, and how the Bi...2022-09-3018 minReal Estate Investor PodcastEpisode #116: Boosting Net Operating Income with PropTech with Neal BawaTechnology has a way of doing things bigger, better, and faster, and in doing so, it has the ability to disrupt established business plans, markets, and entire industries completely. Today’s guest Neal Bawa is known as the “mad scientist of multi-family” and in this episode, he warns us that if we ignore the developments in PropTech it could be detrimental to our livelihoods as real estate asset managers. He also explains that by getting ahead of the game there are a lot of expenses that can be reduced and money to be made from the innovative developments in this f...2022-08-2625 minReal Estate Investor PodcastEpisode #115: Buying and Selling Multifamily DealsToday we take a look behind the scenes at what really goes into buying and selling multifamily deals. We, at Break of Day Capital, are excited to announce that we have closed on the sale of Midtown on Seneca, a property we bought in December 2020 in Tucson, Arizona. In this episode, we break down the facts and figures relating to the purchase and sale of this 76-unit property that we bought for $13.6 million and sold for $28 million in under 20 months. You’ll also hear about how we closed on the purchase of Mission Antigua, a 248-unit property we purchased fo...2022-08-1911 minReal Estate Investor PodcastEpisode #114: Affordable Housing Secrets with Denis ShapiroAffordable housing is a largely overlooked niche in the real estate asset management space. Our guest today invites us to think again! Denis Shapiro started an investment club in 2019, is the founder of SIH Capital Group, and author of The Alternative Investment Almanac. His focus is primarily on affordable housing and, in this episode, he spills some enlightening affordable housing secrets! We discover the important distinction between affordable housing and workforce housing, as well as the unique underwriting process for the former. Denis explains what small market rent arbitrage is and how it works, and how to control expenses...2022-08-1214 minReal Estate Investor PodcastEpisode #113: Critical Site Visits with Dave ChildersSite 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...2022-08-0517 minReal Estate Investor PodcastEpisode #112: CapEx Best Practices with Jorge AbreuIn real estate investment, it’s easy for operators to make big and costly mistakes when it comes to capital expenditures (CapEx). Someone with unique insight into this is today’s guest Jorge Abreu. Jorge has been investing in real estate for over 15 years. He is a qualified electrical engineer and is responsible for founding and building a construction company that brings in over $30 million in yearly revenue while still growing. Jorge and his company, Elevate Commercial Investment Group, currently have almost 7,000 doors and $450 million under management. In this episode, you’ll hear about some of the key things that s...2022-07-2911 minReal Estate Investor PodcastEpisode #111: Mitigating Rising Expenses with Darin GarmanWelcome to the Real Estate Asset Management Podcast! Today, we are joined by author, investor, property owner, and commercial real estate coach, Darin Garman! To start off this episode, we hear Darin’s story of coming from nothing (neither money nor experience) to building a company that mitigates the stress of its clients, all while being in the process of raising its deductibles and ensuring blanket coverages. Darin gives us advice on property cost surges and the main reasons for the property cost increase: property tax, property-casualty insurance, and cost of labor. Plus, we learn about why you should no...2022-07-2220 minReal Estate Investor PodcastEpisode #110: Panic or Opportunity with Gary LipskyIt’s no surprise that doing deals during current times is not for the faint of heart. This episode is full of thoughts, tips, and insights to help you navigate your way through real estate investing in the present moment. Tuning in, you’ll hear why if you’re buying, you should make sure your loan is locked at this time, and if you are selling and you’re not able to lock in huge gains, you may want to wait another year or longer. The consensus among top investors is that there is an opportunity coming, so to find out...2022-07-1506 minReal Estate Investor PodcastEpisode #109 Seize Opportunity with Rod KhleifWelcome back to another episode of the Real Estate Asset Management podcast!Today's podcast guest, Rod Khleif, and host Gary Lipsky talk about seizing opportunity in the current real estate environment and what we can expect as it moves forward.About Guest :Rod Khleif is a multiple business owner and philanthropist passionate about business, high performance, real estate, and giving back. As one of the country's top real estate and peak performance luminaries. He has also owned over 2000 properties. Key Points From This Episode:C...2022-06-2422 minReal Estate Investor PodcastEpisode #108: Pivoting To Boost NOI With Jason PeroToday's podcast guest Jason Pero and host Gary Lipsky talk about pivoting to boost NOI. Pivoting is one of the most important skills in real estate investing and it's not just for entrepreneurs and startups. Whether you're a seasoned investor or just getting started, pivoting is essential to your success.Key Points From This Episode:1. On which property we should focus 2. Real-Time Pivot3. Pivoting Structures4.How to communicate challenges to investors who expect a return on their investment5.How to deal with stressful asset management6.How to motivate your te...2022-06-1722 minReal Estate Investor PodcastEpisode #107: Building a Financial Backbone with Ben LapidusHello and welcome to the 107th Episode of the Real Estate Asset Management Podcast! Building a Financial Backbone with Ben Lapidus.Ben is the Chief Financial Officer for Spartan Investment Group LLC, where he has applied his finance and business development skills to construct from scratch a portfolio of over $500M assets under management, build the corporate finance backbone for the organization, and organize over $200M of debt capital from the firm. Key Takeaways : Let's take a deep dive into the entrepreneurial journey with Be...2022-06-1015 minReal Estate Investor PodcastEpisode #105: Current Market ConditionsWelcome back to another episode of the Real Estate Asset Management podcast! The conversation today centers around the current multifamily environment.Gary talks about the best time to invest in real estate & how to get good deals in this high level of unpredictability of stock market fluctuations, the 24 hours news cycle, interest rates, and rising inflation. To a lot of investors out there, don't follow the data, don't follow fundamentals. It's a scary truth. He talks more about how they (Break Of Day capital) inv...2022-05-2008 minReal Estate Investor PodcastEpisode #104 Navigating Rough GP Waters With Randy LangenderferHello, and welcome we are back with another episode of the Real Estate Asset Management Podcast! Your positive feedback has been so wonderful to hear, from the very beginning. I am super excited to have Randy Langenderfer share how he dealt with a fire on his first GP deal in the first month of ownership! He shares the process of finding his first deal, the challenges and tribulations that came with the fire, and how they changed the onsite manager to help the property rise from the ashes.Key Points From...2022-05-1324 minReal Estate Investor PodcastEpisode #103: Q1 market Data With Andrew RybczynskiHello and welcome to the 103rd episode of the Real Estate Asset Management Podcast! Your positive feedback has been so wonderful to hear, from the very beginning. Today’s episode will discuss and do the due diligence on sunbelt states.Key Points From This Episode:Q1 data and reportWhat are the constraints for multifamily investors to hold for long-term investment?Why invest in sunbelt states What is Triple Pwhere are cap rates headedAsset Management SuperpowerBre...2022-05-0622 minReal Estate Investor PodcastEpisode #102 Due Diligence 101 With Patrick GrimesHello and welcome to the 102nd episode of the Real Estate Asset Management Podcast! Your positive feedback has been so wonderful to hear, from the very beginning. Join us today as we discuss various asset management strategies with the founder of MainStreet, Patrick Grimes. Not only will we understand the concept in detail, but also learn from Patrick, various lessons and mistakes we can avoid making, by hearing his personal experiences in the Real Estate Industry.Key Points From This Episode:✅ Welcome to the 102nd episode of our podcast✅ About our guest✅ How to find...2022-04-3019 minReal Estate Investor PodcastEpisode #101: How to Produce Massive Income with Effective Asset Management with Jason YarusiHello and welcome to the 101st Episode of the Real Estate Asset Management Podcast! Your positive feedback has been so wonderful to hear, from the very beginning. Today’s podcast focuses on how one can produce massive income with effective asset management in Multifamily Real Estate with Jason Yarusi, Founder - Yarusi Holdings. Our esteemed guest shares his valuable knowledge about the various factors that are involved in the process of income boosting such as having a strong foundation and thorough knowledge of your area of interest.Key Points From This Episode2022-04-2212 minReal Estate Investor PodcastEpisode #100: Look Back on 99 Podcasts with Gary LipskyHello and welcome to the 100th Episode of the Real Estate Asset Management Podcast! Your positive feedback has been so wonderful to hear, from the very beginning. Join us today as we look back on 99 amazing episodes with memorable guests who shared golden nuggets from their wealth of wisdom. We touch on the topics that we’ve interviewed experts about, from mega leasing and economies of scale with Neil Boa, to cap rate compression with Andrew Rybczynsk, and more, including a 20 minute MBA from Gino Barbaro. There’s always something to be learned from revisiting our podcasts, and the basi...2022-04-0808 minReal Estate Investor PodcastEpisode #99: Using Institutional Capital for Real Estate Investment With Warren DresnerToday’s podcast focuses on educating operators on how to become the best in their class by building better systems. Today’s guest is Warren Dresner, who has over 20 years of multi-regional experience in the finance, insurance, and real estate sectors and is a Co-Founder and team member at Equity Yield. Warren’s expertise is focused on deal management, deal execution, and project management, and began investing in real estate in 2010. In today’s podcast we find out more about Warren and his expertise, the lessons he learned from using institutional capital, the importance of forming relationships, and more! Tune in...2022-04-0112 minReal Estate Investor PodcastEpisode #98: Bigger Properties for Better Management with Lee YoderTransitioning from small units to bigger ones can seem like a daunting venture, but my guest on today’s show, Lee Yoder, is here to tell you why it’s actually the best decision for you and your business! Lee, who is the founder and CEO of THREEFOLD Real Estate Investing, began his real estate journey with a single duplex, and has methodically worked his way up to his biggest investment to date; a 96 unit in Southwest Ohio. During our discussion today, Lee shares why he has found it easier to manage the 96 unit property than the other 45 and 47 unit...2022-03-2514 minReal Estate Investor PodcastEpisode #97: Limited Partner Horror Story with K. Trevor ThompsonNo, this episode doesn't contain any ghosts or haunted houses – but you might wish it did. Today's guest is K. Trevor Thompson, who has a 50-year career as a highly successful VP, has invested in 17 deals as an LP, and most recently, a GP on a 240-unit in San Antonio. But early on in his career, he joined as a Limited Partner on a 170-unit deal that quickly turned into a nightmare. Join us as he shares his struggle to keep the property afloat, despite the numerous poor financial decisions surrounding this deep value ad that was way off-budget, ru...2022-03-1821 minReal Estate Investor PodcastEpisode #96: Bullish or Bearish, with Jeremy RollWe all have different investment styles, and we feel it’s important to learn about the motives behind various approaches. Our guest today certainly has a more bearish approach than our bullish take on things, and today, he talks us through his thought processing when it comes to committing to an investment. Jeremy Roll started investing in real estate in 2002, and in 2007, he left the corporate world to become a full-time passive cash flow investor. He is the President at Roll Investment Group, the co-founder of For Investors by Investors, and is an advisor for Realty Mogul. In this ep...2022-03-1120 minReal Estate Investor PodcastEpisode #95: Fund Management with Jennifer JoyceFund management and asset management are two completely different beasts. Joining us today to help educate us on the former is Jennifer Joyce, Owner of JJ Capital Investments. Jennifer has over 20 years of real estate experience, is the fund manager for a 100-million-dollar fund through the Global Housing Assistance Fund, and is a GP on over 1,300 units. In this episode, Jennifer talks us through the intricacies of fund management based on her experience. We find out why her fund is exclusive to multifamily, how long it took to launch, and the criteria her fund allocation is based on before...2022-03-0413 minReal Estate Investor PodcastEpisode #94: Lead Generation and Conversion, with Cody Laughlin and Brian AlfaroLead generation and conversion for residence is a crucial part of your inbound marketing strategy and building your tenant base, but many people still struggle with achieving their desired results in this area! In today's episode, Gary sits down with his good friends Cody Laughlin and Brian Alfaro to talk through everything you need to know about cultivating successful lead generation (otherwise known as lead gen). Cody is a real estate entrepreneur and thought leader with over 10 years of real estate investing experience. Brian is a real estate entrepreneur and Houston business owner, and together they are managing partners...2022-02-2519 minReal Estate Investor PodcastEpisode #93: Looking at Opportunity with Gary LipskyIn today's episode, Gary takes a deal that he closed at the end of 2021 and uses this as a case study to show how he looks at opportunity! You'll hear a step-by-step outline of all the things he's looking forward to transforming on this one hundred plus property, beginning with the two reasons he prefers buying units over a hundred in an economy that's at scale right now. We then discuss how to leverage your time in terms of leasing agents and property management, before a quick look at the practical tasks that will save electricity and water as...2022-02-1808 minReal Estate Investor PodcastEpisode #92: Financial Engineering with Nikolai RayToday’s guest is Nikolai Ray, a Professor in Real Estate Financial Engineering, a FinTech entrepreneur, and a real estate investor. He has structured more than 10 billion dollars in multi-family real estate acquisitions and is also a former professional hockey player, which makes for a very interesting background! Join us to hear Nikolai’s thoughts on knowing your numbers, prioritizing your evolution, and how financial engineering differs from this. You’ll also hear what he looks for when he analyzes his deals twice annually, and what some of the tools are that help him to do so. We discuss comps...2022-02-1121 minReal Estate Investor PodcastEpisode #91: Resident Retention Secrets with Robert RitzenthalerOne of the biggest costs in multifamily real estate is a high turnover of residents, which can be particularly tricky to manage when you’re taking over a new property. This week on the show we welcome Robert Ritzenthaler to discuss his resident retention secrets, as well as the biggest obstacles he’s had to overcome when taking over from previous asset managers. Robert has both an MBA and a CPA, and grew up in the construction business, making him uniquely qualified to excel at real estate and asset management. In our conversation, Robert shares how resident retention typically play...2022-02-0416 minReal Estate Investor PodcastEpisode #90: Critical Lending Environment Updates with Andrew WestlingIt’s critical to stay on top of the current lending environment. Joining us today to update us on everything we may have missed is Andrew Westling. Andrew is the Associate Director of Capital Markets at Walker & Dunlop and is well-versed in the world of lending, to say the very least! In this episode, we pick Andrew's brain and discover the effect that the shift from LIBOR to SOFR has had on interest rates, and why floating-rate loans are required for value-add properties! We discuss the respective benefits of bridge loans and fixed-rate loans, the advantages of pref equity ov...2022-01-2820 minReal Estate Investor PodcastEpisode #89: Backstage Guide to Real Estate with Matt PichenyToday's guest is the legendary Matt Picheny, real estate syndicator (including syndication for Broadway) and the author of Backstage Guide to Real Estate. Tuning in, year how Matt turned a potentially devastating situation into the success story of his first buy, how he made the switch to full-time real estate investing, and the huge amount of learnable advice and hard-won experience that is available to readers of his book. We dive into the numerous parallels that can be drawn between the world of theater and asset management in real estate and how Matt’s interesting thespian background set him up...2022-01-2115 minReal Estate Investor PodcastEpisode #88: Repositioning Rent Controlled Assets with Quentin D’SouzaIn this episode of the Real Estate Asset Management Podcast, we are joined by Quentin D’Souza, a schoolteacher turned prolific real estate investor. Quentin has over 80 million dollars in assets under management across Canada and the US has transacted over 80 properties since 2004 and is the author of four real estate books. In our conversation with Quentin, he sheds light on the differences between the US and Canada when it comes to real estate investment, including the respective risks and benefits, and intel into how to avoid double taxation. We hear about his asset management superpower of repositioning rent-controlled as...2022-01-1418 minReal Estate Investor PodcastEpisode #87: Vertical Integration to Overcome Obstacles with Steven LudwigIn today's climate of supply chain issues and labor cost hikes, being vertically integrated is a one-way ticket to being successful in a time that can be devastating to smaller businesses. Today on the show we have real estate powerhouse Steven Ludwig, who's vertically integrated and has purchased over 1.2 billion dollars worth of real estate in Southern California. In this conversation, Steven shares his top renovation strategies and details the most important things he looks for, as well as some interesting insider perspectives on the current and future state of the market. The listener will also hear the tantalizing...2022-01-0719 minReal Estate Investor PodcastEpisode #86: Asset Management Tips and Tricks with Ryan Christopher Nunes (Rerun)On today’s episode, we host Ryan Christopher Nunes, president and founder of Life Changing Capital. He shares three macro tips he has learned during his successful career on Wall Street to help listeners up their asset management game. You’ll also hear about his background before entering the world of multifamily asset management and how he met his partner with whom he has since underwritten 300 deals. He shares some practical tips with listeners, including three free organizational tools that have streamlined his team’s workflow and gives us the opportunity to learn from the mistakes he has made, plus y...2021-12-2416 minReal Estate Investor PodcastEpisode #85: Asset Disposition the Right Way with Gene TrowbridgeToday on the Real Estate Asset Management Podcast we are joined by former syndicator turned lawyer, Gene Trowbridge, to talk about voting rights, 1031s, and closing an entity. Gene shares his journey of moving from commercial real estate to syndication, and finally to law at the age of 45. Despite his predictions of retiring from law after 15 years, he’s still deep in it 27 years later and, along with his partners, has written offerings for more than five billion dollars of money raised. In this episode, Gene shares his wisdom with us and talks us through everything to consider when pr...2021-12-1725 minReal Estate Investor PodcastEpisode #84: Investment Strategy with Juan VargasThanks 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...2021-12-1014 minReal Estate Investor PodcastEpisode #83: Sell or Refi: The Multimillion-Dollar Question with Omar KhanWelcome to the Real Estate Asset Management Podcast brought to you by Break of Day Capital! In today’s episode, we talk to Boardwalk Wealth syndicator, Omar Khan, about the multimillion-dollar question: sell or refi? Omar shares his thoughts on whether he thinks it’s best to recapitalize, sell, or refinance properties and shares examples from his own career experience. We discuss the pros and cons of selling and refinancing, and the challenge of finding a balance with long-term wealth and risk. We touch on what can be done to ease the setbacks of labor shortages and ways to ensu...2021-12-0319 minReal Estate Investor PodcastEpisode #82: Business Plan Execution with Tyler ChesserWelcome back to the Real Estate Asset Management Podcast. Thanks for joining us! In conversation with us today is Tyler Chesser, who hosts the Elevate podcast, which is all about mindset, mind expansion, and personal development for high-performing real estate investors. Our topic today is big picture investment strategy, and Tyler Chesser shares some amazing pearls of wisdom with us, all underpinned by his view that every deal is unique and has specific qualities. You’ll hear all about the property management structure he has implemented in each area he serves, and how he uses a hands-on approach with ea...2021-11-2616 minReal Estate Investor PodcastEpisode #81: Managing Risk with Dustin Miles and Hayden HarringtonToday on the Real Estate Asset Management Podcast, we talk to Dustin Miles and Hayden Harrington of Momentum Multifamily about managing risk in the asset management sphere. We discuss the differences when it comes to managing a C-class versus an A-class or a B-class deal, as well the pros and cons of each class respectively. Dustin and Hayden share the ways in which COVID has affected their choices, as well as some of the invaluable asset management-related lessons they’ve learned over the years. Tune in for some useful tips and insights on how to mitigate risk and grow in...2021-11-1918 minReal Estate Investor PodcastEpisode #80: Going Full Cycle with Gary LipskyWelcome back to another episode of the Real Estate Asset Management podcast! The conversation today centers around a recent deal we sold, covering the whole cycle of ups and downs we faced along the way! We kickstart the conversation with some numbers up front and move through each step from the initial site inspection of this true value-add to the challenges. We talk about taking over just a few months before COVIID, renovation decisions, scaling, and the permit marathon. The listener will also hear firsthand details of the business planning and execution, as well as some tough decisions about...2021-11-1214 minReal Estate Investor PodcastEpisode #79: Real Estate Tax Changes with Brandon HallWith each change in administration, come new changes to the U.S. tax bill. This week’s guest on the Real Estate Asset Management Podcast is Brandon Hall, CPA and managing partner of The Real Estate CPA. In our conversation with Brandon, he breaks down some of the tax changes that have been implemented by the Biden administration thus far, what we can anticipate in the coming years, and how the changes may affect real estate investors. We talk about why S corporations will become less impactful for high-income earners under the new tax bill, and how the Biden ad...2021-11-0518 minReal Estate Investor PodcastEpisode #78: Stepping Outside Your Comfort Zone with Chris BystrianskyMindset, preparation, and mentorship aren’t necessarily the first words that come to mind when referring to asset management and multifamily real estate. Today’s guest, multifamily real estate investor and author, Chris Bystriansky, is here to prove otherwise. In today’s episode, Chris shares a bit about his professional background and how changing his mindset changed his life. He speaks about the lessons he’s learned from partaking in endurance events, and how they are directly applicable to business. Tune in to discover how life and challenges outside of business can make you a better business person. 2021-10-2914 minReal Estate Investor PodcastEpisode #77: Building a Business with Gino BarbaroToday’s guest went from running a family-owned pizzeria to being one of the top mentors in multifamily investing. Join us as Gino Barbaro takes us through his 10-minute MBA, and gives us key advice on how to build your business. From defining your core values, to how to structure your business goals and meetings, this episode is a masterclass! Find out how to make your first hire less daunting, and why you should do the tasks that you don’t want to do when you first start your business. We also discuss the books that changed Gino’s life...2021-10-2221 minReal Estate Investor PodcastEpisode #76: Interior Decorating to Boost NOI with Lisa LandryAs a multifamily syndicator, your return on investment does not solely rely on your ability to increase rents. There are numerous ways that you can boost your NOI and, in this episode, we cover how interior design can help you do just that! Today’s guest is Lisa Landry, President of Landry Designs and Landry Staging and CEO of Above & Beyond Holdings, a multifamily investment company with over 200 doors under management. In today’s episode, Lisa shares a bit about her personal multifamily syndication experience, which she believes gives her an edge in the industry and helps her provide her...2021-10-1515 minReal Estate Investor PodcastEpisode #75: Underwrite Like A Pro with Rob BeardsleyHello and welcome back to the Real Estate Asset Management Podcast! Today we talk all things underwriting, with co-founder and principal of Lone Star Capital, Rob Beardsley. In this episode, Beardsley shares some of his vast knowledge on all the components that make up the underwriting process, and guides us through the ins and outs of using the analytical tools at your disposal to create a solid evaluation of your real estate investment (hint: a simple but robust underwriting model is crucial). We also get some advanced tips from his new book The Definitive Guide to Underwriting Multi-Family Acquisition...2021-10-0818 minReal Estate Investor PodcastEpisode #74: Getting Deals Done with Gary LipskyThank you for joining us for another episode of the Real Estate Asset Management Podcast! During today’s conversation, Gary Lipsky shares all the details of a deal he closed in early 2021. You’ll hear how, when you focus on a few markets, you can become an expert in those markets, what it was like to close a deal within the seller’s tough time constraints, and how a zoning attorney can be useful. The real work begins when you take over a property, and Gary shares some insights into what that process looked like during this deal. Get a glim...2021-10-0111 minReal Estate Investor PodcastEpisode #73: Multifamily Outlook with Andrew RybczynskiWelcome back to another episode of the Real Estate Asset Management Podcast, today’s guest is Andrew Rybczynski. Andrew is a management consultant at CoStar Advisory Services, which is built on top of CoStar, the largest data provider for commercial real estate in the US. They utilize the data to advise institutional clients, banks, pension funds, REITs, hedge funds on investment and commercial real estate, where to do it, and what types have the potential to outperform in the future. Tuning in, listeners will hear about Andrew’s take on the differences in regional and market type performance, rent grow...2021-09-2417 minReal Estate Investor PodcastEpisode #72: DST to Unlock Capital for Deals with Brett SwartsToday we welcome Brett Swarts to the show, the founder of Capital Gains Tax Solutions. Brett is also a commercial real estate broker, multi-family expert, and he and his company strive to help people who feel trapped by capital gains tax when selling highly appreciated apartment buildings. They like to refer to themselves as the Netflix way of deferred taxes! Joining in today, listeners will hear all about the difference between deferred sales taxes and a 1031, a great explanation on the confidence you can have in their secret recipe, how they deal with the estate “elephant in the room,’ and...2021-09-1722 minReal Estate Investor PodcastEpisode #71: Protesting Property Taxes with Darin BatchelderIf you’re not protesting property taxes, you’re more than likely missing out on savings you can earn! Today we welcome a good friend, Darin Batchelder, a successful businessman and real estate syndicator. Darin is a man with a great skill set, especially with regards to building relationships and setting expectations, particularly with people in the real estate world where the 'know, like, and trust factor is a staple in good business. Tune in today as we dive into the topic of protesting property taxes when to start, the savings you can earn, how to underwrite while factoring in p...2021-09-1011 minReal Estate Investor PodcastEpisode #70: Asset Management Tips and Tricks with Ryan Christopher NunesOn today’s episode, we host Ryan Christopher Nunes, president and founder of Life Changing Capital. He shares three macro tips he has learned during his successful career on Wall Street to help listeners up their asset management game. You’ll also hear about his background before entering the world of multifamily asset management and how he met his partner with whom he has since underwritten 300 deals. He shares some practical tips with listeners, including three free organizational tools that have streamlined his team’s workflow and gives us the opportunity to learn from the mistakes he has made, plus y...2021-09-0316 minReal Estate Investor PodcastEpisode #69: Adaptive Reuse with Gary LipskyThe idea of adaptive reuse has been gaining more and more traction in the last year and shows no signs of slowing down. We particularly believe in the value of getting familiar with the adaptation of office space to multifamily and to help introduce our listeners to its potential benefits, in this episode Gary breaks down a recent example of this model, and a particular property in Youngtown, Arizona! Gary takes us through the location, the scouting involved, dealing with the city authorities, and how convenient most of this process has been. The project is still a work in...2021-08-2709 minReal Estate Investor PodcastEpisode #68: Jumping in with a Development Deal with Dallon SchultzIn today’s episode of the Asset Management Mastery Podcast, we speak with Dallon Schultz, Cofounder and Managing Partner in Empire Assets, about the value of jumping into development deals, learning by doing, and leveraging the experience of others. Dallon specializes in investor relations, market research, and analyzing properties. He is also a licensed Realtor in the state of Arizona and is continually educating others on how to get involved with investment real estate. Tuning in, you’ll learn more about the development deal Dallon is working on, how he learned about development by getting his hands dirty, and the...2021-08-2022 minReal Estate Investor PodcastEpisode #67: Raise More, Save Time With a PortalToday’s guest, Perry Zheng, founder of Cash Flow Portal, a real estate syndication software, tells us about his own journey with real estate investment, and how he came to develop a tool to raise money, and resolve some of his own pain points. Perry kickstarts our conversation by telling us a bit about his background, working in software engineering and management at Silicon Valley. Next, he tells us the story of how Cash Flow Portal was started and what sets the software apart from its competitors from both a feature, and a DNA perspective. Perry goes on to te...2021-07-1616 minReal Estate Investor PodcastEpisode #66: Boost Credibility with a Pro WebsiteWebsites are a key piece in establishing credibility. It is not just enough to have an online presence though; your website should reflect who you are professionally. Todd Heitner’s company, Apartment Investor Pro, helps GPs create fantastic websites, leaving them more time to focus on things like deal sourcing and fundraising. In today’s episode, Todd walks us through the importance of a website, some key things to keep in mind when you hire someone to create one, and how websites bring people to you. Tune in today to hear it all! Key P...2021-07-0908 minReal Estate Investor PodcastEpisode #65: Best In Class with Kyle Mitchell and Gary LipskyWelcome to Episode 65 of the Asset Management Mastery Podcast. Today, it’s just family. Your hosts, Kyle Mitchell and Gary Lipsky, are discussing their new book, Best In Class: How to Manage Your Multifamily Asset, Avoid Mistakes, and Build Wealth through Real Estate. There are plenty of books about investing in multifamily real estate, but few that tell you what to do with that property once you own it. Best In Class lays out everything you need to become a best in class operator, from marketing and leasing, managing renovations, and evaluating your property’s performance to financial analysis, mana...2021-06-3011 minReal Estate Investor PodcastEpisode #64: How to Close Three Deals In A Week with David LagatThere are a bunch of factors that contribute to closing deals with finesse and David Lagat joins us today to share his skills in this department. David is the Owner of Bella Asset Management, a vertically integrated company that does multifamily in Texas and the surrounding states. The last three months have been extremely busy for David; he closed on three deals in just a week recently, so we kick things off hearing just how he handles so many transactions in such a short period. David weighs in on the role of partnerships in helping him acquire...2021-06-2509 minReal Estate Investor PodcastEpisode #63: Vertically Integrated for Greater Results with Jacob GarzaIf you are in the multifamily game and want to scale up, you should seriously consider becoming vertically integrated. The more you can bring the different processes involved in deal acquisition and property management in-house, the more seamless the processes that govern your business will become. Jacob Garza from REEP Equity doesn’t just own 2,700 units but does all his property management too, and he joins us today to educate listeners about the many benefits of this model. He gives us an idea of his journey in the multifamily space and then weighs in on the extra control he ha...2021-06-1810 minReal Estate Investor PodcastEpisode #62: Navigating Insurance through the Texas Freeze with Omar HernandezThe Texas freeze of 2021 had a huge array of impacts on the population, the economy, and of course the real estate world. Joining us on the show today to unpack some of these results is Omar Hernandez of the Garzella Group, an insurance brokerage firm based in Scottsdale, Arizona. Garzella deals with commercial real estate from all over the US and focusses on partnering up with local banks to bring extra coverage to investors entering into deals. Omar gives us a brief overview of the basics of the Texas freeze and the most relevant information that pertains to real...2021-06-1114 minReal Estate Investor PodcastEpisode #61: Financial Strategies with Mark WillisFinancial independence and greater control of how our money can work for us might seem very attractive, but how exactly do we go about making this a reality? Joining us on the show today to talk about his approach to having a better handle on the way we interact with our money and deal with our investments, is the amazing Mark Willis from Lake Growth Financial Services. We get to hear from Mark about his career in the space, the early challenges he faced with the fall-through of the 2008 financial crash, and how he managed to weather that storm...2021-06-0414 minReal Estate Investor PodcastEpisode #60: Property Management Best Practices with Tom SheltonMore than anything, good property management is about good people. No one knows that better than today’s guest, Tom Shelton, of Asset Living. In this episode, Tom walks us through what to look for when finding a property management company and sheds light on how operators can build strong relationships with this key part of their team. Tom talks about the importance of being on the same page, having aligned strategies, and ensuring you are all moving in the same direction. Your relationship with your property manager should be a collaborative one. We also dive into some exciting te...2021-05-2813 minReal Estate Investor PodcastEpisode #59: Tough Choices for your Property with Kaylee McMahonWorking with property managers is not always easy. It involves setting clear expectations upfront and having difficult conversations at times. Kaylee McMahon does not shy away from these talks because she knows what is at stake. Kaylee is known as The Apartment Queen, and after today’s episode, you will understand why! We sit down to talk about her criteria when hiring a property manager, the importance of having strong project management skills, and how to transition from one property manager to another. We could all do with learning more about how to work better with our property managers, so...2021-05-2112 minReal Estate Investor PodcastEpisode #58: Pivot to Maximize ReturnsIn today’s episode, Gary and Kyle talk about the 42-unit midtown asset they recently sold in Tuscon. We hear about how they took the property from barely surviving to thriving, and the upgrades they chose to make. Gary and Kyle do not only look for rehab opportunities; they also look for chances to upgrade operations. We find out what surprised them when they tweaked the building and the rationale behind them pivoting and selling the property. As the conversation wraps up, we learn about some of the difficulties they were faced with when trying to sell the property an...2021-05-1416 minReal Estate Investor PodcastEpisode #57: Water Conservation to Boost NOI with Kelly StinsonAs an owner, you always want to be lowering your operating costs. One underutilized mechanism to boost NOI is water conservation. Here to shed light on this topic is Kelly Stinson. Kelly is partnered with SAS, an organization that focuses on water efficiency and reducing water-related expenses in multifamily operations. In today’s episode, we hear about how SAS helps owners save money and the process they undertake to minimize costs. Kelly shares the benefits of working with a business that is dedicated to water conservation. Our conversation also touches on underwriting, pushback around low-low flow toilets, and why al...2021-05-0720 minReal Estate Investor PodcastEpisode #56: Lessons Learned from Refinancing with Steve LouieRefinancing properties is no easy feat. However, when done properly, both syndicators and investors can reap the rewards. Joining us today is Steve Louie, a partner at Vertical Street Ventures, a syndication firm focused on the Phoenix area. In this episode, Steve sheds light on the two properties the firm refinanced, how they did it, and what the benefits for the investors were. Not only did the investors increase their investment, but cash-out refinances are not taxed, so their money was safe. Steve also shares why he recommends using a mortgage broker when undertaking a refi. Be sure to...2021-04-3010 minReal Estate Investor PodcastEpisode #55: How to Become a Best in Class OperatorAsset management is such a huge piece of real estate investing that is not talked about enough. We need to continue to push resources and information about asset management out there so that people can continue to learn about it! Today on the show, we have our very own Gary Lipsky and Kyle Mitchell, and we have some news to share today! We are excited to announce that we will be launching our course, Asset Management Mastery, on May 3rd, 2021! Join in today as we talk all about what the course is, who it has been created for, the...2021-04-2314 minReal Estate Investor PodcastEpisode #54: SEC Changes for Raising Capital with Gene TrowbridgeNew laws are coming into effect that impacts how you raise capital and who you can bring onto deals as accredited investors. To explain these changes, we welcome syndicator and securities lawyer Gene Trowbridge back onto the show. After chatting about his professional history, we dive into the topic, with Gene unpacking why spousal equivalence is a game-changer for many couples who want to invest. He then reflects on how the new legislation will affect the family office and 401(k) world before. Later, we touch on why you shouldn’t be concerned over ‘finder’s-fees’ legislation proposals, the importance of due d...2021-04-1616 minReal Estate Investor PodcastEpisode #53: Have an Exit Plan with Mike MorawskiYou’re missing out on huge profits if you don’t have an exit plan in place when you buy a property. Today we speak with real estate veteran, coach, and expert strategist Mike Morawski about maximizing your profits through solid exit strategies. After chatting about his extensive real estate background, Mike reveals his transition into helping people to scale their businesses while living a better quality and balanced lifestyle. We then dive into why exit plans are key to making money. Linked to this, Mike discusses how important underwriting is to figuring out what your options are with any...2021-04-0915 minReal Estate Investor PodcastEpisode #52: Overcoming Beginner Mistakes to Success with Brock MogensenToday we speak with Brock Mogensen about the mistakes he made as a rookie real estate investor, and how he has developed his processes to iron our potential problems in the future. To kick things off, we ask Brock to share a little on his professional history and his first deal. He touches on the importance of due diligence, and why it is important to meet with tenants on-site. Following this, Brock tells how he and his partners managed a 50% eviction rate and why they avoided a capital call. Later in the show, Brock tells us why it is...2021-04-0211 minReal Estate Investor PodcastEpisode #51: Boost Your NOI for Big Profits with Guido NunezOne of the great things about investing in real estate is that the returns you get from a property can come from so many different places. Today’s guest is Guido Nunez and he joins us to talk about all the creative ways he has boosted his net operating income to take home bigger profits at the end of the day. Our conversation with Guido centers specifically around the strategies he has implemented on his 16-unit in South California. He kicks things off by sharing how he has utilized government rebates to save money on his value add and in...2021-03-2612 minReal Estate Investor PodcastEpisode #50: Know your ROI on Capex Investments with Sandhya SeshadriWhen it comes to value-add strategies, spending your CapEx budget on features that will boost your NOI as much as possible is a must. Today’s guest is Sandhya Seshadri and she joins us to talk about the amazing value-add strategy she implemented on her 86-door property in Cleburne. Since purchasing the property in 2019, Sandhya and her team have been able to upgrade the property significantly using their CapEx budget, and are seeing big gains to their NOI as a result. Our guest begins by sharing some of the specs relating to the purchase of the property. Then we he...2021-03-1911 minReal Estate Investor PodcastEpisode #49: Working with International Investors with Charles CarilloEmploying foreign investor capital could suit your syndication perfectly, but there are some differences in the process compared to working locally. A basic foundation of knowledge will therefore be very beneficial to have so that you can know what to expect before choosing this option. Today’s guest is Charles Carillo and with his extensive experience in working with international investors, he is the perfect guest to give you all the tips you need. Charles is the founder and managing partner of Harborside Partners. He has invested in over $25 million worth of real estate, in several states, and has ex...2021-03-1213 minReal Estate Investor PodcastEpisode #48: Breaking Down His Latest Acquisition with Kyle MitchellWelcome to the Asset Management Mastery Podcast. This show focuses on educating syndicators and apartment owners on how to build systems and manage their properties more efficiently to become best-in-class operators. In today’s show, Gary interviews Kyle about their most recent acquisition in Tucson to take listeners behind the scenes on how they look at markets, opportunities, and executing a business plan. The interview starts with Kyle sharing the merits of the Tucson market and why he and Gary decided to broaden their focus from Phoenix to include it. From there, Kyle gets into some of the factors th...2021-03-0514 minReal Estate Investor PodcastEpisode #34: Renewal Management with Chris JacksonFor this Asset Management Fridays edition of the show, Chris Jackson from Sharpline Equity joins us to talk about renewal management now versus a few months back! Chris is a multifamily investor and syndicator with 10 years of experience, who has raised over 12 million dollars and completed over 500 unit transactions. Chris weighs in on the value of having more communication touchpoints with tenants now that so many people are canceling leases. This strategy also works when it comes to keeping track of whether a renewal plan is working – simply gauge if tenants are staying or leaving and you’ll know! In s...2021-01-2109 minReal Estate Investor PodcastEpisode #40: Scaling Up with Frank RoesslerBeing an asset manager can require you to keep track of hundreds of issues — and that’s just for one property. If you don’t have the right systems in place as you scale your business, then managing your portfolio becomes an agonizing task. Today we speak with Ashcroft Capital founder Frank Roessler, whose company manages over one billion dollars of assets. Our conversation opens as we explore Frank’s business model and how he runs his asset management department. A common challenge when scaling, Frank shares his insights on when you should hire people and why you need time to...2021-01-2117 minReal Estate Investor PodcastEpisode #28: Virtual Asset Management Summit Wrap Up with Kyle & GaryToday, Kyle Mitchel and Gary Lipsky look back at their latest summit, talk about the raging success that it was, and why you can’t miss out on the next one. The Asset Management Summit was hosted in September and October, and was born out of one question: How do we become best-in-class operators in asset management? To create maximum value, Gary and Kyle got in touch with the best speakers in the business and asked them to share their industry knowledge. For Kyle, this summit wasn’t just about sharing insider tips. It was about breaking down the barr...2021-01-2015 minReal Estate Investor PodcastEpisode #32: Raising Capital with Brian AdamsWhen it comes to raising and managing capital, it’s all about putting the investor first. Today’s guest is Brian Adams, and he joins us to talk about all lessons he has learned about this syndication fundamental. Brian is the Principal and Founder of Excelsior Capital, and he starts out today talking about his journey into capital raising as well as his focus on buying up multi-tenant office properties in secondary markets in the Midwest and Southeast. From there, Brian gets into how he raised over $60 million of equity in three years after learning the power of listening to h...2021-01-2013 minReal Estate Investor PodcastEpisode #17: Value Add Strategy with Gary LipskyWith the right approach to your value-add strategy, you can be sure that your dollars are being well spent, you’re up to speed with your competition, and that you’ll lease up faster! Today on the show, Kyle interviews Gary and the two talk shop about best practices for value-add! It’s important to start your value-add process from the very beginning, and Gary tells us that he’s already thinking about it from the time he receives the EOM. Another great tip Gary mentions is to keep touring your comps, even after a deal closes. Constantly assessing metrics...2021-01-1812 minReal Estate Investor PodcastEpisode #4: Post Close with Matt PichenyIn this episode, listeners can look forward to hearing about the 30 to 90-day post-close process from Matt Picheny, a managing partner at MJP Property Group. He discusses the importance of establishing a plan for each of the three intervals so that action can be taken as soon as each new step of the acquisition process is finalized. As you will learn from Matt, the post-close process, in fact, starts pre-close, in particular, in the period between due diligence and the deal closing. Matt also gives suggestions for burning off the loss to lease, adding value to a property right...2021-01-1814 minReal Estate Investor PodcastEpisode #6: Natural Disasters & Curveballs with Anna MyersWe can all agree that this moment is unprecedented and now is the time to be working on the best strategies for coping and laying foundations to weather similar future storms. Joining us today to speak about how her company is dodging curveballs is Anna Myers from Grocapitus Investments. Anna shares some valuable advice for listeners both from an asset management standpoint as well as with regard to how teams should be working together. She weighs in strongly on the value of working with property management firms who have a disaster plan in place, and people shouldn't be scared...2021-01-1812 minReal Estate Investor PodcastEpisode #7: Building a Team with Tim BratzMany business owners would argue that a large part of success comes down to having the right people around you. One such a person is Tim Bratz, the President of Legacy Wealth Holdings, who joins us to talk about hiring the right people to build a strong, committed team. The conversation starts with Tim explaining the need for a Steve Jobs and a Steve Wozniak on your A-team: one who is the visionary and one who is skilled at operations and the more technical aspects of the business. He walks listeners through his thought processes around his first hire...2021-01-1815 minReal Estate Investor PodcastEpisode #9: Reporting with Alain VillegasAlain Villegas is a full-time real estate investor based in Dallas, Texas who has over $60 million of properties under asset management, just under 900 doors spread across seven apartments. He has also invested as a limited partner in eight properties, just over 1,200 doors in total. In this episode, Alain talks about real estate reporting, from the reports acquired from property managers to the ones created for internal purposes and to keep investors updated. Tuning in to this episode, you will learn why you should not only pay close attention to monthly and weekly reports but also daily ones to keep...2021-01-1812 minReal Estate Investor PodcastEpisode #11: Taxes with Brandon HallBrandon Hall is a CPA who runs a firm called The Real Estate CPA, and in today’s episode, he talks to listeners about taxes. His first recommendation is for syndicators to understand what they are trying to accomplish with their deals and whether they are aiming to tax optimize or simply break even. He goes on the explain the importance of knowing the 2013 tangible property regulations and how it pertains to syndication, and then gets into why electing out of the business interest limitations is advisable in most instances. Brandon walks listeners through the nitty-gritty of the K-1 fo...2021-01-1814 minReal Estate Investor PodcastEpisode #12: Budgeting with Danny RandazzoCreating air-tight budgets, which factor in all expenses, no matter how small, is no easy feat. It requires patience, commitment, and an eye for detail. Danny Randazzo, our guest today, certainly possesses these skills. As an asset management and budgeting whizz, he knows how to get the maximum NOI on properties. In this episode, Danny walks us through the current budget he is doing, and how his company creates multiple budgets to come up with a solid end number. He also talks about why they choose to do cost per door as well as the importance of being market-specific...2021-01-1815 minReal Estate Investor PodcastEpisode #13: The Legal Side of Things with Mauricio RauldOur guest today is Mauricio Rauld, the CEO and founder of Premier Law Group where he also acts as one of the syndication attorneys who help real estate syndicators to raise the capital to pursue their dreams of financial independence. Mauricio gives listeners some helpful advice around signing purchase and sales agreements, setting up LLCs, and keeping the asset management entity separate from the one owning the relevant share of the building. We also get into the issue of asset managers being legally responsible for the property managers they hire and the importance of including them in your insurance...2021-01-1813 min