Episode 11 of the SmarterLandlording Podcast focuses on buying, rehabbing and managing class D apartments. Class D apartments look great on paper, but are more of a challenge than you might realize. My guest, Erik Nowacki, has taken on that challenge by investing in, rehabbing and managing distressed class C and D apartments. He has built up a portfolio of hundreds of apartments here in Memphis, TN.
During this episode Erik and I discuss:
- The difference between apartment classes and the risks involved in investing in them.
- Why class D properties look so good on paper while other classes might not.
- What you must do if you are considering purchasing a class D property.
- The features of the Memphis, TN apartment market.
- The tenant base characteristics for class D properties, especially here in Memphis, TN.
- What to look for when screening tenants for class D properties.
- The goals when rehabbing a class D property.
- Property management for class D properties.
- How you can be scammed when looking at buying these types of properties.
If you are looking at the numbers of a class D property and wondering how you can go wrong, then this episode of the SmarterLandlording Podcast is for you.
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