@robbiehendricks@moseskagan Weโre the opposite. My business partner started his property management company to handle a few smaller properties he owned. The PM company grew and we later created the investment arm of the business.
@realEstateTrent The investors heโs targeting arenโt going to plug in various assumptions and stress test the deal.
At the bare minimum, I would hope they understand the capital stack and how that higher IRR they invested in put them first at-risk.
But nope, they probably just compared IRRs.
2๏ธโฃ 0๏ธโฃย Multifamily owners:
Are you tracking return on equity across your portfolio?
Or are you only looking at cash flow?
Drop your thoughts below ๐
1๏ธโฃย Most Cincinnati multifamily owners are sitting on trapped equityโฆ
And they donโt even know it.
Why?
Because most property managers stop at the P&L and rent roll.
Thatโs not asset management.
Here are 5 questions every owner should be asking ๐
1๏ธโฃ 9๏ธโฃย The big takeaway:
If your property manager canโt answer these 5 questions, you may not have an asset management problem.
You may have a visibility problem.
And invisible problems are often the most expensive kind.