How to Vet, Structure, and Manage Property Managers in Multifamily

Your property manager will make or break your deal. So why do most investors pick one with almost no real vetting process?

In Part 2 of the Think Multifamily Asset Management Series, Brent Kawakami breaks down everything you need to know about property management: how PM companies are actually structured, how to vet them before you commit, and the specific do's and don'ts of managing the people inside them.

In this episode you'll learn:

•       Why Think Multifamily uses 20 different PM firms across 13 states — and why that's intentional

•       Why regional, homegrown managers often outperform national firms — and how to spot when a PM has scaled too fast

•       How to read a PM's responsiveness during the pitch as a predictor of how they'll perform once they have your business

•       The three types of power — and why influence is the only one that really works for asset managers

•       The don'ts that silently destroy PM relationships: too many decision makers, indecisiveness, and going around the chain of command

This is part of the Think Multifamily Asset Management Series — go back to Episode 115 to start from the beginning.

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