Multifamily Rock Stars

Houston Multifamily Virtual Meetup #9 – Brian Wolford – Managing Property Taxes

Today, we hosted Brian Wolford from Morrison & Head who provided extensive insight into how counties value properties and what you can do to underwrite and mitigate these non-controllable expenses.

 My 2 personal takeaways

1. Both major metros and rural markets taxing authorities have become more aggressive in assessing property tax values. 
2. Underwrite...

Today, I sat down with Mike Woodfield to dive deep into multifamily operations. He shared many helpful tips so that you can more tightly manage your multifamily assets. 

Mike is the COO, and partner of Obsidian Capital based in Austin, TX. Over the last 5 years, Mike was the lead asset manager overseeing nearly $300,000,000 in multifamily deals. During that time Mike was responsible for the renovation of 2,200 multifamily ...

Today, we hosted Robert Martinez, the founder of Rock Star Capital at our Houston Multifamily Investor Network Meetup. 

Robert shares his thoughts on the Houston multifamily market, why he says buy everything you can, his views on how to outperform through tight operations and how he has built generational wealth for his family by being “all in” on multifamily.  Robert is one of the most engaging speakers in multifamily. You don’t w...

Today, we hosted Shayan Hasnain, a Multifamily Broker at our Houston Multifamily Investor Network Meetup. 

Shayan shares his thoughts on the Houston market and how to win deals in today’s market. 

iTunes

https://podcasts.apple.com/us/podcast/multifamily-rock-stars/id1508553943

To attend our next monthly meetup in Houston, check out 

https://www.meetup.com/Houston-Multifamily-Investor-Network/

For more information on the attractive tax an...

Today, we hosted Vince Porter, a Real Estate CPA at our Houston Multifamily Investor Network Meetup. Vince shares the powerful tax benefits of real estate investing and how to be smart about tax planning. Hear his real estate tax tips and case studies for passive investors and active syndicators.

For a copy of the slides and Vince's contact information please visit
https://www.dropbox.com/s/6kahpbartrr...

Gary is a real estate entrepreneur with a focus on multifamily syndications. His company, Break of Day Capital, has $65 MM of assets under management. 

He is the host of the Real Estate Asset Management podcast, the author of “Best in Class” and the founder of the asset management summit. 

Check out this episode to hear 

1. Gary’s 5 asset management tips
2. How he buys assets in Arizona while living in California
3. His tips for raising capi...

The following episode was recorded from our live, in person meetup in Houston, TX. Today’s guest is Ryan Wehner, the founder of Wehner Multifamily who manages 26,000 units across Texas, Oklahoma and Arkansas.

Ryan shares his incredible story of starting his business from his futon to selling a sizeable portion of his company to private equity. Hear his tips for property management and his advice for owners.

Please visit www.lifechang...

Today, I had the pleasure of sitting down with Matt Easton, the Founder of Leasing University. Having worked in sales my entire career, I found his consultative sales approach extremely interesting as he applies a high level of sales professionalism to more transactional leasing.

 Here are some notes from our one hour conversation and why you and your property manager should check out this episode

1. How Class B and C properties can...

I received an early Christmas gift of sitting down with Charlie Young, one of the founding partners of Madera Residential. Madera is an investment company based in Lubbock, TX that acquires assets in DFW and Houston. 

Madera owns 48 properties worth $1.3 bn and manages ~15,000 units. Charlie focuses his time on acquisitions and capital raising.

Below are some highlights from our conversation

·      How Charlie decided to move from pro...

Today, I had the pleasure of sitting down with Gary and Heidi Young who are GPs on 587 Units in Dallas, TX. Listen to this episode to hear how this dynamic couple impacts their apartment communities through their “People Value Add” approach. 

1. How they pour into the lives of their residents and the organizations that are willing to help.
2. How investing in multifamily significantly tax shelters Gary's physician income.
3. How they ...

Today, I had the pleasure of sitting down with Matt Saunders, one of the leading multifamily brokers in Houston who has executed over $3 bn in transactions. 

Some highlights from today’s episode

1. Some of the best advice Matt received as a broker - “Make best friends with people who own apartments” and his lessons learned from his 14 years in the space
2. How Matt is underwriting deals post COVID-19, the buyer/seller gap and what terms...

Today, I had the pleasure of sitting down with Kim Radaker to hear about her incredible story from owning single family homes and homeschooling her children to managing $450 MM in multifamily assets. 

Kim shares the following insights in today’s episode

1. Why she started her vertically integrated strategy and how that provides a competitive advantage in acquiring and managing properties.
2. Her story about buying a 50% vacant property...

I sat down with Brandon Hall, the “Real Estate CPA” to talk real estate taxes in plain English.

Check out this episode to hear 

• The ins and outs of being a real estate professional and how that can help you pay $0 taxes.
• How the CARES act can help you offset previous year’s income through NOL losses even if you weren’t a real estate professional in prior years. 
• Bonus depreciation and why that is so helpful to multifamily investors...

Today, I had Alex Polamero, the Owner of Ninestone Marketing on our show. Alex shared some great insights on the importance of a CRM, how to follow up with prospective tenants, effectively market multifamily assets, re-engage dead leads and how he uses “e-mail nurturing”. 

Background
Alex has worked in multi-family marketing since 2012 and led the lease up of multiple Class A, B and C rehabbed apartment communities. He is a nati...

Today, I sat down with James Eng of Old Capital who has closed over $750 MM of multifamily loans. In this episode we go through the following topics.

1. Financing options for a multifamily property and how underwriting and leverage have changed during COVID-19.
2. Market cycles, cap rate history and his view of multifamily cap rates going forward.
3. What James looks for when making passive investments and his baseball analogy to investing...

Today, I sat down with Swapnil Agarwal, the founder of Nitya Capital (17,000 units and $2bn of AUM). As an immigrant, Swapnil came from humble beginnings and through hard work and perseverance realized the “American Dream” converting $300k into $2 bn of AUM.

 Check out this episode to hear 

1. Why and how Swapnil scaled his business so quickly from 160 to 17,000 units.
2. His “win/win/win” approach to employees, tenants and investors.
3. Ho...

I had the pleasure of sitting down with Feras Moussa and Ben Suttles of Disrupt Equity who have acquired and manage 1,700 units across Texas and Georgia. 

 Check out this episode to hear

1. What are the key ingredients to a successful partnership.
2. Why Disrupt took property management in house and their plans to fee manage for others.
3. How Disrupt leverages technology and 2 products they recommend you start using now to be more producti...

Today, I sat down with Michael Becker of SPI Advisory who owns 6,000 Units totaling $750 MM of multifamily assets in Texas.

Michael graciously shared his vast experience in this 1 hour interview. Some highlights.

1. Michael’s COVID-19 action plan at his properties
2. The evolution of his acquisition strategy and where he thinks there will be opportunities coming out of this crisis.
3. His view on rent growth and what DFW submarkets will out...

Today, I had the opportunity to sit down with Ryan Wehner of Wehner Multifamily. 

Wehner Multifamily is a full-service property management company with the mission of establishing honest and competent management services for B & C class apartment communities. Ryan’s company manages over 25,000 units across 177 properties.

In our discussion Ryan covers the following

1. The technology and human capital Ryan depl...