Think Multifamily Podcast
There are things you only learn after 100-plus multifamily transactions. In Part 1 of this three-part series, Mark Kenney delivers the opening section of his live 125-tip presentation — and gets right into the lessons most people learn the hard way.
Market stats, team-building mistakes, and the distressed property story that ended with a million dollars in vandalism damage.
In this episode you will learn:
• What national market data actually says about multifamily right now — and why the "did you miss the train" narrative doesn't hold up
• The rent-to-value multiplier: why a $125 rent increase equals $30,000 in per-unit value at a five cap
• Why defining your criteria before talking to brokers saves everyone's time — and the realistic capital raising reality most new syndicators underestimate
• The million-dollar vandalism story: what happened after Mark bought a deeply distressed property and why he no longer buys at 0% occupancy
• Why Mark wants one neck to choke on CapEx — and what goes wrong when you split work between a GC and in-house property management
• Insurance and mortgage brokers: why shopping multiple simultaneously is a mistake — and how to tell real equity groups from debt providers
This is Part 1 of a three-part series. Continue with Episodes 133 and 134.
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