William LaBovick

Multifamily Asset Manager thinking out loud

[William LaBovick @will_labovick]

Most marketed multifamily deals receive 10–30 offers.
Only 1 buyer gets awarded the PSA.

That means even qualified buyers lose 90%+ of the time.

If that surprises you, you’re underestimating how competitive acquisitions really are.

[William LaBovick @will_labovick]

@TAYVAY_ I’m using it to generate t12 and rent roll analyses that populate into underwriting templates with sensitivity checkpoints - all built for the acquisition side. It’s mind blowing how much manual labor it’s able to do in seconds.

[William LaBovick @will_labovick]

Interesting, I appreciate the info! I’m just getting into setting agents up. But I think a few different agents for different purposes (still at a wide scale) makes sense, one for a T12 analysis, one for a RR analysis, one for an OM analysis, and one for the financial model using the outputs from the other 3. Something along those lines.

[William LaBovick @will_labovick]

@mikekbales Do you set up agents for different aspects of the pro forma?

[William LaBovick @will_labovick]

@MediaKing All you need for a good investment is basis and time.

[William LaBovick @will_labovick]

@MultifamilyMad Anybody doing real estate the right way isn’t doing it the flashy way

[William LaBovick @will_labovick]

@_Sweet_Lew @FirstSquawk Layoff announcements are up vs a relatively low January 2025 base, but that’s not the same as actual layoffs. Actual firing rates and unemployment remain relatively stable.

[William LaBovick @will_labovick]

$160B worth of multifamily debt matures in 2026 (vs $100B in 2025).

Meanwhile FHFA just raised multifamily caps by $15B per agency (20% increase from 2025).

Fannie & Freddie will carry this refi wave.

Which is exactly why privatization is moving slower than headlines suggest.

[William LaBovick @will_labovick]

@kingkzoox @shawngorham Nope, we even have profit sharing of ownership in the property.

[William LaBovick @will_labovick]

@mhp_guy Also depends on how they’re using ChatGPT. Are you using it like Google, or are you try to get it to do projects for you, create spreadsheets, analyses, write ups, case studies. Doing the latter will put you ahead of the game.

[William LaBovick @will_labovick]

@juliusmarchi Are you looking at multifamily or sfh. Knowing your longterm goals around scale can help you clarify where to start.

[William LaBovick @will_labovick]

@Fire5280 Where in CO do you target? Big fan of Greeley, appreciating, population growth, still has good basis compared to everywhere else.

[William LaBovick @will_labovick]

@Fire5280 You need to understand the amount of time and effort it takes your appliances handyman to do the work 😂

[William LaBovick @will_labovick]

@Jacob_Naviaux True, but easier said than done for new investors trying to become at least proficient at one strategy before multiple.

[William LaBovick @will_labovick]

@EstateRanger I do like having a metric to see how the seller priced their deal.

[William LaBovick @will_labovick]

@kinginvestings Make your 5-9 your 9-5

[William LaBovick @will_labovick]

What’s up with pushing your market rents right before listing?

I’m going to see your leased rents. Do you want an unsophisticated buyer who wouldn’t catch something this basic?

[William LaBovick @will_labovick]

@realfrugalmogul All the sudden you’ll be too big to consider yourself a mom and pop landlord

[William LaBovick @will_labovick]

@ChrisRamsey60 It’s good to have a mix of both. Leveraged properties to grow, unencumbered properties for stability.