Passive Income Through Multifamily Real Estate

Some people simply have impeccable timing when it comes to real estate investment. Today’s guest is one of them. Rebecca Moore Buller is a multi-family real estate syndicator based in Dallas, Texas, who started investing in multi-family properties when the market was scorching. She and her husband, Warren, accumulated several single-family homes while stationed in the different locations the US Navy sent them. In 2012, they founded their company, Starboard Equity, with the purpose of investing in real estate to become financially independent. Rebecca has over 10 years of investing experience, has led in the acquisition of four multi-family properties and currently owns over 2,000 multi-family units. In today’s episode, she talks about how she got into real estate after getting her doctorate in clinical psychology. She discusses her transition from being solely a limited partner to becoming a general partner too, outlining some of the differences in terms of responsibility. Tune in for some valuable insight, and to find out how nearly any prior career or education could prepare you for a career in real estate.

Key Points From This Episode:

• Rebecca’s professional background.
• What led her to multi-family real estate syndication.
• Why she started as a passive limited partner.
• How many investments she invested in as a limited partner before becoming a general partner.
• Rebecca describes her property management system.
• She talks about whether she’s needed to add staff to her team, and how she’s scaling up.
• Rebecca’s transition from limited partner to general partner.
• The additional responsibilities of a general partner.
• Which markets Rebecca’s invested in and what led her to invest in them.
• Which markets Rebecca’s invested in as a general partner.
• How her doctorate in clinical psychology has helped her when it comes to real estate.
• What real estate investing provides her with, that a career in psychology could not.
• Rebecca’s most valuable tool in real estate investing: property analyzer.
• Her biggest mistake in real estate investing so far; her regret of not sharing information.
• How she intends to grow her network and find a healthy work-life balance.

Links Mentioned in Today’s Episode:

Limitless Estates

Passive Income Through Multifamily Real Estate Facebook Group

Rebecca Moore Buller on LinkedIn

Starboard Equity
Garzella Group

Siva Venugopalan (pronounced “Venue-Go-Pollen”) graduated from Florida Atlantic University with a Master of Science in Ocean Engineering. He worked for several engineering firms and then started his own Engineering firm in 1997. Mr. Venugopalan is President and Principal Engineer of Siva Corrosion Services and a member of Tau-Beta-Pi Engineering Honor Society.

He has 25 years of experience in bridge inspection and repair design of signature bridges in the US. He uses radar, infrared, and 3D acoustic scans to identify problems within concrete and develop repair plans. He has worked with many of the top 100 Engineering firms in the US. He has published his work in a number of peer-reviewed journals and regularly speaks at technical conferences.

As a real estate investor, he started investing in fix and flips and acquired a portfolio of several SFRs. To bring efficiency and for better scaling, he moved into the Multifamily space and has been investing there for the last 6 years. He has also invested in a ground up new sports complex development in South Boston. He helps other passive investors by sharing his knowledge and experience and the deals he invests in.

Connect with Siva
[email protected]
[email protected]
www.sivacorrosion.com
For today’s show notes, including audio and links to all the resources mentioned, visit www.aptcapitalgroup.com/podcasts.
To get access to our free Passive Investors Guide and monthly newsletters sign up at www.aptcapitalgroup.com.
To find out more about partnering or investing in a multifamily deal email [email protected].
Local to Southern California? Attend our monthly meetup focused on Multifamily Apartment investing. View our schedule at www.aptcapitalgroup.com/events.
Join our Facebook Group - Passive Income through Multifamily Real Estate
Have a question you would like answered on the show? Email us at [email protected].

Why would someone start their own property management company instead of just hiring a third party? Today’s guest, Colin Douthit has some answers. Colin is the founder and owner of Atlas Property Management, has been in the real estate space for just three years, and already manages over 360 doors, with another hundred in the pipeline. In this episode, we talk about why Colin decided to start his own property management company, and the pros and cons of doing do versus hiring a third party. He explains some of the challenges, standard operating procedures, and tools he uses, as well as some tips about what owners can do to partner with property management companies to make it a little easier for both parties. Don’t miss this episode!

Key Points From This Episode:

• Colin introduces himself and explains how he got into real estate as an investor.
• The pros and cons of starting your own management company versus hiring a third party.
• Inversely, why someone would hire a third party versus starting their own company.
• Some challenges with owning a property management company, like investors and tenants.
• Dealing with the balance between the goals of different customers, particularly disparities in desired rent and maintenance pricing.
• Standard operating procedures when running a successful property management company.
• Colin talks about using Buildium property management software and why it is a great service.
• The three top skills one needs as an investor before starting a property management company: Understanding investors, organization, and business acumen.
• The number of doors necessary per property manager to start a profitable company.
• The specialized approach that Colin takes to focus the work that property managers do.
• Colin talks a bit more about the role his leasing agent plays and the commission she takes.
• What owners can do to partner with property management companies to make it easier.
• How COVID-19 has impacted Colin’s business and projected long term implications.
• Why Colin can’t do without G Suite, and why you should always take out a construction loan.

Tweetables:

“There’s a certain number of doors that you need per property manager to, at least in our analysis, every company’s going to run it differently, but to be profitable, right?” — Colin Douthit [0:10:53]

“As much as we wanted to give as much attention to the owners is we can, once we hit 30, 40 owners, you might not always remember all the plans that you had set forth. So like, ‘Hey, what was the goal on this one again?’ Just be understanding that we’re trying to execute your goal. We want it to be as successful as possible.” — Colin Douthit [0:15:28]

Links Mentioned in Today’s Episode:

Colin Douthit on LinkedIn

Atlas Property Management

Atlas Property Management on LinkedIn

Atlas Property Management on Instagram

Atlas Property Management on Facebook

Buildium

G Suite

APT Capital Group

Passive Income Through Multifamily Real Estate on Facebook

Schedule a Call with Kyle Mitchell
Bullpen

The best way to find a commercial opportunity for sale in an out-of-state market is to work with a broker local to that market. They will have access to internal listings and listings coming on to the market, as well as connections with local operators and investors. Today’s guest is Logan Freeman, a real estate investor, developer, and agent who has found his niche in the industry, acting as an investment property specialist and actually representing buyers instead of sellers in the transactions process. Logan has also completed multiple joint venture projects and equity partnerships and works as a developer. Completing over 120 transactions in less than a year, Logan has found a process and relies on his most valuable priorities to guide his profit-producing activities. In this episode, Logan shares a bit of that process with listeners and outlines some of the best ways to find the best broker to work, and establish relationships with them, as well as how to maintain those relationships. While nothing beats face-to-face, investing time and energy upfront is going to make all the difference, especially in today’s post-COVID world, where Zoom calls have become standard practice. Logan also has some tips for standing out, creating a strong presence, and getting on broker’s A-lists, as well as the importance of vesting brokers and finding someone who believes they will benefit from your success, so make sure not to miss today’s episode!

Key Points From This Episode:

• Logan shares a bit about himself, his background, and what he does currently.
• The best ways to establish relationships with brokers, starting with setting clear expectations.
• When finding a broker to work with, go with number two on the Top 10 list – not number one.
• Where most beginner investors get it wrong when starting a relationship with a broker.
• If you don’t have a track record, don’t act like you do – authenticity is key.
• A key strategy for maintaining a relationship with a busy broker is to get in their pocket.
• Nothing beats face-to-face, but be willing to invest time, effort, and energy upfront.
• Being willing to do what others aren’t will set you apart from the pack.
• Elevating yourself through a strong online presence and adding value for brokers.
• Getting on a broker’s A-list is just about time, but the more relationships you build, the more deals are going to be in front of you.
• Logan warns against the scarcity mindset of exclusivity agreements with buyer brokers.
• Just as much as you need the broker, the broker also needs you.
• The process of vesting a broker – do they believe they will benefit from your success?

Links Mentioned in Today’s Episode:

Logan Freeman on Twitter

Logan Freeman on LinkedIn

Logan Freeman on YouTube

Logan Freeman on BiggerPockets

Live Free Investments

Live Free Investments on Facebook

LoopNet

The MLS

Syndicated Deal Analyzer

Postable

Exactly How to Sell

Sizing People Up

Bullpen

Our guest on the show today is Alina Trigub, the founder of SAMO Financial, who has a passion for advocating the benefits of passive investing and empowering people to build wealth for themselves and their families. In addition to providing educational content on various platforms, she has helped her investors to participate in the offering of over 1,200 apartment units, a 10-million-dollar storage fund and a five-million-dollar mobile home park fund. In this episode, Alina talks to listeners about her journey getting into multifamily investing, how she educated herself before jumping in, and how she landed her first passive and active syndication deals. Being an educator herself, she shares about the value of the BiggerPockets educational community for investors and the books that have helped to shape her understanding of the industry. She discusses her process of vetting potential partners – which she compares to choosing a spouse – and gives some convincing reasons why multifamily syndication offers more solid investment opportunities than the stock market. Tuning in today, listeners will also hear Alina’s views on healthy diversification, mitigating risk, and the CRM tool she cannot do without!

Key Points From This Episode:

• Alina’s educational background in accounting and transitioning to the IT space.
• When she decided to look into multi-family investing and realized the tax benefits.
• How Alina went about educated herself before getting actively involved.
• Breaking into her first syndication deal and having to trust someone she has never met.
• Learn about BiggerPockets and how the educational tool can be utilized.
• How Alina got her first syndication deal as an active sponsor.
• Find out how she approached vetting potential partners and finding the right one.
• Why Alina believes multi-family syndications to offer better investments than the stock market.
• Thoughts on whether it is necessary to be an expert in all the asset classes to invest safely.
• Advice about the best ways to diversify and mitigate the risks.
• Alina’s strategy for tailoring their investment approach with each new investor.
• The one tool she cannot function without and the biggest mistake she made in the early days.

For today’s show notes, including audio and links to all the resources mentioned, visit www.aptcapitalgroup.com/podcasts.
To get access to our free Passive Investors Guide and monthly newsletters sign up at www.aptcapitalgroup.com.
To find out more about partnering or investing in a multifamily deal email [email protected].
Local to Southern California? Attend our monthly meetup focused on Multifamily Apartment investing. View our schedule at www.aptcapitalgroup.com/events.
Join our Facebook Group - Passive Income through Multifamily Real Estate
Have a question you would like answered on the show? Email us at [email protected].