Tue, 31 July 2018
There are five key phases in the multifamily investing process, and the property manager you hire plays a key role in nearly every stage. So, what should you look for in a property management company? And what KPIs can you use to assess the property manager’s performance?
Bryan Chavis is a thought-leader in the realm of multifamily property management and the bestselling author of Buy It, Rent It, Profit and The Landlord Entrepreneur. He is also the founder of The Landlord Property Management Academy, an online platform for real estate professionals and property management certification. Bryan was named one of the top 40 up-and-coming entrepreneurs under 40 by the Gulf Coast Business Review, and he is a sought-after speaker and consultant for some of the largest housing authorities in the US.
Today, Bryan sits down with me to share his journey, discussing the obstacles he has overcome and his unique approach to ‘embracing adversity.’ He walks us through the five phases of multifamily investment, discussing the current challenges around the acquisitions process and the fundamentals of the implementation stage. Bryan explains what to look for in a property management company and the Key Performance Indicators he reviews on a monthly basis. Listen in for Bryan’s insight on finding a property manager who is proactive and learn to relish the journey as a multifamily investor!
Bryan’s introduction to real estate
Bryan’s key takeaways as a property manager
What inspired Bryan to branch out on his own
The adversity Bryan had to overcome
Bryan’s approach to ‘embracing adversity’
Bryan’s 5 phases of a multifamily investment
The current challenges around acquisitions
Bryan’s view of the implementation phase
How to avoid mistakes during the acquisitions process
What to look for in a property management company
The difference between a proactive and reactive property manager
Bryan’s approach to overseeing a property manager
Bryan’s Key Performance Indicators (KPIs)
Bryan’s current mission
Connect with Bryan
Direct download: MB_121_-_Proactive_Property_Management_in_the_5_Phases_of_Multifamily__With_Bryan_Chavis.mp3
Category:Commercial Real Estate -- posted at: 5:37pm EDT