Insight
The Challenge of How We Now Actually Use In-House Property Management to Manage the Results for Our Private Investments
There Is No “Secret Sauce” After nearly two decades of experience, one thing is clear: there’s no secret sauce to successful multifamily property management. Since 2006, we’ve managed heartland housing assets through economic cycles, construction delays, and literal fires. The formula isn’t magic—it’s execution. Here’s how we eventually decided to use in-house property management to…
Multifamily Deferred Maintenance: Watch Out, The Devastating Scary Mistakes That Taught a Profitable Lesson
One defining characteristic of Midwest multifamily housing stock is its age. The long decline in manufacturing employment that began in the 1970s resulted in almost no new multifamily housing construction for nearly 30 years. Decades of development have left the Midwest multifamily housing stock heavily skewed toward 1960s and 1970s vintage construction—making multifamily deferred maintenance…
Midwest Real Estate Investing: With Everything on the Line, Watch How One Big Decision Actually Changed My Entire Strategy In a Second
When I first stepped into the world of Midwest real estate investing, I had no idea it would completely reshape my strategy. In 2001, I purchased a small multifamily property in San Francisco’s Marina district—a classic Edwardian building that had been in the same family for over 100 years. Translation: it needed a lot of…