Multifamily Asset Management Masterclass: Marketing, Expense Control & Property Visits

Multifamily Asset Management Masterclass: Marketing, Expense Control & Property Visits

Author: Mark & Tamiel Kenney April 13, 2022 Duration: 23:01

He can tell whether a property manager is actually walking the asset just by looking at their shoes. And he's been catching vendor overcharges, training underqualified managers, and squeezing every dollar out of multifamily assets for 30 years.

In Part 2 of this live Think Multifamily Group coaching call, veteran asset manager Dave shares the full operational playbook — from why he spends $1,000/month on resident kickball teams instead of advertising, to how he reads Freon logs to catch maintenance side jobs, to exactly what he's looking at when he walks a property unannounced.

In this episode you'll learn:

•       Why community events beat advertising — and the math behind why a 60% renewal rate is the right target

•       How to read source documents and invoices to catch the overcharges the GL will never show you

•       The ACH-in-15-days strategy for negotiating vendor discounts PMs have zero incentive to pursue

•       Why economic occupancy is the only metric that matters — and why leased occupancy is a lie

•       The top five questions to ask on every weekly call — and why weekly is non-negotiable for new deals

•       What Dave actually looks for on property visits: footwear, Freon logs, lease files, and what the local restaurant thinks of your property

This is Part 2 of a two-part series. Listen to Episode 106 Part 1 for the first half of this coaching call.

Ready to invest alongside experienced multifamily operators? Join us at our next live event at thinkmultifamily.com/event.

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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: 100

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