In this episode of the Apartments Operators Podcast, our hose, Joseph Gozlan, is joined by Steven Weinstock, a very experienced multifamily operator that brings a perspective of an investor/operator spanning across two full cycles! Steven owned anything from small 2-4 units properties to large apartment communities and shares his experience over the last couple of decades and his insights about where the market is going in 2024. 00:00 01:34 How Steven got started investing in real estate 02:50 Why Steven chose self manage 04:28 Setting up a Management Structure 07:12 Steven's ap ..read more

Aaron Ford joins the Apartments Operators Podcast to share with host Joseph Gozlan his hybrid approach between in-house processes and 3rd party management companies.  Aaron owns about 250 units (with no partners!). All small properties under 50 units and managed to find an interesting balance between relying on a 3rd party management company and running all the management in-house.   00:00 00:48 Who is Aaron Ford? 03:59 Aaron's Hybrid Model Management 06:41 How the hybrid system works 11:28 What asset types Aaron prefers 16:24 Why only the top operators are going to survive the comin ..read more

Thanks to travel delays I missed my flight to NC and thus didn't get to present this on the 2023 MFINCon so I recorded it and put it out here for everyone that wanted to participate in my session.  01:05 Introduction 01:51 Joseph Gozlan of EBG 04:07 Hear directly from our expert guests 05:44 The Decision 09:01 The Challenge 14:39 The Horror Stories 19:41 The Math 24:02 Self-Management 25:19 The Current Market 29:28 Quick Tips! --------------------------------------------------------------------------------------------------- This is an episode of The Apartments Operators Podcast where you ..read more

Ken and Rachel Wick join Joseph Gozlan, Host of the Apartments Operators Podcast, and share their journey from career educators to multifamily owners and operators! 00:00 00:39 The Wicks Background 03:49 How do you choose a third-party management company? 06:52  Treat your property management company as your quarterback 09:08 Thoughts about starting your own property management 17:17 How the Wick couple execute their value add plans 21:56 Introduce a residents benefits package 23:26 Knowing your property management skills and capabilities is another way to save costs 27:00 Resident Retent ..read more

Joining Joseph Gozlan, host of the Apartments Operators Podcast, Ed Modzel shares how he started his multifamily journey when he turned 60(!) showing that it's really never too late to start investing in multifamily. 00:00 08:25 Ed's Process of Hiring a Property Management Company 10:09 Why you really shouldn't move to the property you're managing! 11:40 The most successful properties that we have are ones that we self-manage 12:59 Self-Management saved us from the COVID downfall 15:59 Before you hire a manager, you should make sure that they buy into your business plan 18:52 How does Ed work ..read more

James Kandasamy Joins host Joseph Gozlan on the Apartments Operators Podcast to share his multifamily Journey. James has syndicated, purchased, and sold thousands of units, self-managing from day one(!). James shares the benefits and challenges that come with self-managing thousands of units and why he chose to do a hotel conversion (spoiler: he made a LOT more money than conventional multifamily value-add) and why he now does a ground-up new construction of a large-scale multifamily community.    00:00 00:57 Getting started 02:14 we started self-management from day one! 05:53 Pro-Ti ..read more

Description:  00:40 Start of the Journey 01:33 Pay check is just not enough 05:01 They're doing a lot of surgical work with a spoon 05:59 the biggest challenges in the industry when it comes to third party property management 07:32 There's big disconnect between third party management companies and people that are buying value 08:48 The only thing that goes in favor of the bigger companies 09:10 we're operators, we're owners, we're investors. 13:47 field team and office team 16:17 It starts to get convoluted. 16:43 it's a whole nother thing to actually be successful at it 20:32 we try to ..read more

Jonathan New is an active duty Navy personnel and still managed to grow his multifamily portfolio with his partners to over 700 units! Jonathan joins Joseph Gozlan, host of the Apartments Operators podcast to discuss how their team operates multiple multifamily properties across multiple states and dealing with multiple different third-party property managers.   00:00 Intro03:22 We use third party management everywhere! 04:51 It's just all about networking! 05:50 Others might have the right fit, we've got fit AND fill. 07:38 Picking a third party property management is like dating. 10:02 ..read more

Episode 127: Zero to over 90 units while still working a W2 with Steven Nguyen 01:42 House Hacking: I lived in the master bedroom and I had to rent out the other 04:21 There is good debt, bad debt, and really bad debt. 05:04 There's a famous video of Warren Buffett 06:53 the value of apartments is based on the net operating income 10:08 Oklahoma City? It's not a sexy market. 11:02 choose a market first and then try to scramble to find a property manager. 11:49 when you interview 20 property managers, it does one or two things. 17:11 my job is to remove those barriers as fast as possible 17:47 ..read more

Episode 126: Deep Dive into Mobile Home Parks Management with Derek Vickers   00:00 - pay more to do the job right 20:11 Good talent is worth paying more for! 22:56 Advantages of concentration! The economy of scale of managing multiple properties in the same area. 25:34 It's great to grow fast, but it does not come without some growing pains and headaches. 26:41 Don't go Cheap! 27:25 Do things right the first time, hire the right people, and then, pay attention to your operations. 28:32 Be conscious of who you're hiring! 39:18 The New Normal is not normal! Facebook: Derek Vickers ..read more