What to Do When Disaster Strikes Your Multifamily Property

What to Do When Disaster Strikes Your Multifamily Property

Author: Mark & Tamiel Kenney August 25, 2022 Duration: 14:24

A fire just took out an eight-unit building. It's midnight. Residents are displaced. You're the asset manager. What do you do?

In Episode 7 of his asset management series, Think Multifamily's Brent Kawakami answers that question from experience — recording this episode while actively managing two separate fire insurance claims. He's dealt with fires, flooding, and cars into buildings more times than he'd like to count, and this episode is the framework he's built from all of it.

You'll hear:

- The three priorities every asset manager needs to work through immediately after a major incident

- Why notifying your lender is a covenant requirement — and what happens if they find out from the news instead

- The single most important hire most operators don't know to make: a public adjuster, and exactly what they do for you

- Real examples: code compliance surprises, cascading scope requirements, and how undisputed fund releases get restoration started faster

- How to structure a transaction when there's an active insurance claim on the property you're buying or selling

Disasters happen if you're in this business long enough. The operators who handle them well have a plan before the call comes in. Ready to build your foundation in person? Join us at our next live event at thinkmultifamily.com/event.

Subscribe to the Think Multifamily Podcast on Apple Podcasts and Spotify.

 


Mark and Tamiel Kenney built something remarkable, turning a single duplex into a portfolio of over sixty-five hundred units in just three years. On the Think Multifamily Podcast, they pull back the curtain on exactly how they did it, moving beyond theory to share the tangible, week-by-week steps that define real success in apartment investing. This isn't about sacrificing your time or freedom; it's a practical conversation about building a legacy that actually works for your life. Each episode feels like a direct conversation with the Kenneys, filled with the specific insights and hard-won lessons from their own journey. You'll hear them break down complex deals, discuss market shifts, and explore the mindset required to navigate the challenges and opportunities in multifamily real estate. Tune in for a straightforward, content-rich dialogue that cuts through the noise, offering a clear path for anyone serious about creating lasting wealth through property. This podcast provides the kind of actionable guidance that only comes from hosts who have walked the path themselves.
Author: Language: English Episodes: 50

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