Multifamily 5

In this episode of The Multifamily 5 Podcast, Mark speaks with Dustin Miles of Momentum Multifamily, a Dallas-based multifamily owner. Dustin recently closed on the Henry at Liberty Hills, a 228-unit community built in 2012 in Houston. Dustin speaks through lessons learned on this deal, but also on other acquisitions, dispositions, and asset management. With almost a decade of experience and a proven track record of consistent results, Momentum Multifamily has become a major player in acquiring and repositioning multifamily assets. We pride ourselves on creating inspiring communities to live at while creating exceptional returns for our investors. For more information on Momentum Multifamily, visit their website at momentummultifamily.com. **Please leave us a rating or review on iTunes, Soundcloud, or Stitcher**

Aimee Morgan (SVP at JLL in the multifamily valuation & advisory services department) gives an inside look on how appraisers review properties and come up with their market values. We discuss the current changes post-COVID from expenses, to cap rates, and their actual due diligence process. We also dive into how lenders, specifically the agencies, are looking at properties, along with some of the top markets across the sunbelt region where she's seeing most of the investor interest and activity. Aimee has 11 years of experience in the multifamily appraisal business, spending 10 years at CBRE before joining JLL in 2019. Aimee Morgan is a seasoned apartment appraiser with JLL Multifamily in DFW and Houston. Her group does most of the apartment appraisals in Texas. To get in touch, feel free to connect with her on LinkedIn or reach her at aimee.morgan@am.jll.com

In Ep. 55, Mark Allen interviews Josh Elstein of Greenworks Lending about providing building owners and developers access to capital they need to make energy related deferred maintenance upgrades in their existing buildings. C-PACE makes it possible for commercial property owners to obtain no money down, low-cost, long-term financing for ener­gy efficiency, water conservation and renewable energy projects. Greenworks Lending is a private capital provider uniquely dedicated to funding commercial real estate through Commercial Property Assessed Clean Energy (C-PACE) financing. Greenworks Lending’s C-PACE financing makes clean energy a smart financial decision for commercial property owners and developers. For more info --- Josh's email: jelstein@greenworkslending.com Website: https://greenworkslending.com/

In this episode of The Multifamily 5 Podcast, Mark speaks with Rob Beardsley of Lonestar Capital Group to discuss their preferred equity solution. Listen in to learn more about preferred equity, why deal sponsors would use it, the difference between preferred equity and Mezz debt, and much more. Download Rob's FREE e-book, The Preferred Equity Manifesto, at robbeardsley.me/books For more information on preferred equity or want to reach out, feel free to email him at rob@lonestarcapgroup.com or on LinkedIn (www.linkedin.com/in/rob-beardsley/). And if you're interested in partnering or consulting with Rob, make sure to check out his website, at robbeardsley.me/

In this episode of The Multifamily 5 Podcast, Mark speaks with Jim Monk of Clozzits, the leading manufacturer and installer of closet systems for the multifamily industry. The Company was created from the desire of multifamily owners and management companies to recognize previously uncharted revenue growth opportunities. Clozzits serves property owners that aim to rethink the ordinary and often forgotten closet spaces within their portfolio to increase overall asset value and ROI. An average Clozzits client sees a 3-5% rent increase once installed, an improved NOI, average of 37% ROI on the project and an asset increase of an X factor based on the properties cap rate! As the President of Clozzits, Jim leads and develops the overall corporate strategy including but not limited to finance, manufacturing, marketing and installation. On any given day he can be found working with the different teams and department heads to ensure that all process and procedures are working cohesively to provide the best possibl

In this episode of The Multifamily 5 Podcast, Mark speaks with Lucas Hewett of Layers. Lucas sheds light on how they're partnering with multifamily owners and operators by providing corporate or short-term rental units. He highlights the benefits of their business model for owners, their success with their own workforce housing communities, the process when working with Layers, secondary benefits at the community level, and more. To learn more about Lucas and Layers, check out their website www.layerslife.com or email Lucas at lucas@layerslife.com. For more information on XXXX, head over to their website at XXXX, call XXXX, or email XXXX. Please leave us a comment or a 5-star review on iTunes, SoundCloud, Google Podcast, or Stitcher!

In this episode of The Multifamily 5 Podcast, Mark speaks with James Eng of Old Capital to discuss the current state of the marketplace and how it's changed since COVID-19, what he's seeing in terms of collection activity in the commercial refinance world, and why he's known as "The Professor" of real estate financing. James Eng has originated approximately $1 billion in multifamily loans nationwide as a Senior Director for Old Capital. Prior to Old Capital, he was a senior underwriter for GE Capital Real Estate underwriting over $750 million in commercial real estate loans.  He graduated from University of Texas at Austin with a finance degree.  For more information on Old Capital Lending Group, head over to their website at https://oldcapitallending.com/, call 214.300.5035, or email jeng@oldcapitallending.com. Please leave us a comment or a 5-star review on iTunes, SoundCloud, Google Podcast, or Stitcher!

TextByChoice's Co-Founder Nizar Bhojani joins us on The Multifamily 5 Podcast. Nizar discusses how TextByChoice is a seamless method of communication within Real Estate. Whether your a property manager trying to stay in touch with residents or prospects or a broker marketing a new listing. With 98% of texts being opened vs 20% of emails, your messages will be sure to get in front of your audience when you use TextByChoice. Check it out and let us know your thoughts on texting as a better communications channel for real estate professionals. To reach Nizar and learn more, text Nizar at 25324. *Listeners of The Multifamily 5 Podcast will also receive 3 months free of TextByChoice* Please leave us a comment or a 5-star review on iTunes, SoundCloud, Google Podcast, or Stitcher!

In this episode of The Multifamily 5 Podcast, Mark speaks with Bill Lane of GrandHVAC. Leasing GHL provides commercial water heating and HVAC solutions on equipment such as boilers, make up air and roof top units, water softeners, space heaters, fireplaces, water heaters, and air conditioners. We discussed why leasing HVAC systems makes sense for owners of class B and C multifamily properties. Leasing offers an all-inclusive solution covering everything from equipment and installation costs, 100% parts & labor coverage, AND regular maintenance. Leasing enables owners to save capital for higher ROI investments and focus on the important aspect of their business. Customers can benefit from GHL by providing proactive upgrade of aging assets, receiving cashback incentives, as well as utility rebates. PLUS there is no capital outlay required! For more information on GrandHVAC Leasing, head over to their website at https://grandhvacleasing.com/, call 1-855-754-0530, or email info@grandhvacleasing.com *Please

In this episode of The Multifamily 5 Podcast, we sat down with Jake Marmulstein, CEO & Co-Founder of Groundbreaker, a revolutionary all-in-one investment management software for small to medium commercial real estate investment firms that raise outside capital; helping teams increase productivity and investor satisfaction by automating fundraising, reporting and investor relations workflows. For more information, check out their website at https://groundbreaker.co. *Special Offer!* Fill out the 'instant demo' form with keyword 'Greystone' in the note section of the form to receive 10% off the first 3 month! Please leave us a comment or a 5-star review on iTunes, SoundCloud, Google Podcast, or Stitcher!

In this episode of The Multifamily 5 Podcast, Mark sits down with Collin Chlebak to discuss the insurance market in the time of COVID-19, the catalysts of hard and soft markets, economic drivers behind insurance rates and steps buyers can take when making an insurance bid.  Virtus is an insurance brokerage out of Kansas City with offices around the united states, and believe in industry expertise. Collin leads the Virtus National Real Estate Practice that touches over 300,000 multifamily units and 100M+ square feet of commercial real estate. Collin provides hands-on insurance consultation and brokerage services to owners, operators and developers of multifamily and commercial real estate across the country. He takes pride delivering customized insurance strategies to achieve the business goals of industry-leading firms. If you'd like to get in touch with Collin, email him at cchlebak@virtusins.com or on LinkedIn. For more information of Virtus Insurance, check out their website at virtusinsurance.com or

In this episode of The Multifamily 5 Podcast, we sat down with Marc Belsky to discuss his process when it comes to deciding which sponsor to work with on a deal they're looking to capitalize. We talked about the current appetite for equity groups and the minimum experience level a sponsor must have in order to provide commitment. Marc shared his insight on the changes he is seeing on return expectations as well as in the underwriting spectrum, and the timelines for decision-making from presenting a deal to the commitment.  Eastern Equity Advisors assists real estate professionals who want to raise equity to best pursue their investment strategies. The company is uniquely positioned to continue to lead the middle market industry with equity due to their commitment to partnerships, employees, and technology. As Managing Director of Eastern Equity Advisors, LLC, a real estate capital introduction platform focused on raising equity for middle market multifamily and commercial real estate, Marc Belskyworks with

In this episode of The Multifamily 5 Podcast, we sat down with Derek Merrill, Co-Founder & CEO of LeaseLock, which powers a modern lease experience that totally eliminates all security deposits, surety bonds and guarantors. Instead of tenants paying security deposits up-front, they pay a $30 monthly fee which insures the owner of missed rent payments and damages; ultimately, this helps increase lease conversions, reduce administration costs, and can create an additional revenue stream. For more information, check out their website at https://leaselock.com or shoot him an email at Derek@leaselock.com or LinkedIn. Please leave us a comment or a 5-star review on iTunes, SoundCloud, Google Podcast, or Stitcher!

In this episode of The Multifamily 5 Podcast, Mark speaks with Ira Singer, principal at Mosaic Construction in Chicago, about the low-disruption, high-impact renovation investments that provide the best ROI for multifamily properties. We discussed in depth the Return-on-Income (ROI) timeline for common multifamily facility improvements, and how these renovations are carried out safely during active shelter-in-place orders. He also goes on to tell us more on commercial renovation techniques ultimately making buildings more competitive in this ‘new normal’, as well as what he says are the best renovation investments to make today to drive rent increases post-pandemic. He cautioned, though, on avoiding the temptation of over-improving a buildings’ asset class. For multifamily property owners that can ride out the COVID-19 storm, renovation can make significant and rapid contributions to profitability for investors over the longer-term. Mosaic Construction specializes in renovating commercial and multifamily s

SunRidge Management Marketing Director, Whitney Miller, spoke with me on this weeks' episode of The Multifamily 5 Podcast to discuss what she thinks are the biggest changes at the property level, 3 months after the 'shelter-in-place' order was activated in Texas. She also discusses the 5 P's of management that SunRidge focuses on to ensure maximum operational efficiency.   SunRidge Management Group, is the go-to solution for your real-estate management needs, headquartered in Dallas, TX and recognized as an organization with proven abilities to achieve the asset goals of long term profitability and enhanced value. With extensive knowledge pertaining to New Construction & Lease Ups, REO’s, Foreclosures, and Conventional Multifamily Communities, along with our HUD Certification, SunRidge is a firm that can handle all of the required monthly and annual reporting that you need. For more information, check out their website https://www.sunridgemanagement.com/ or call 972.243.7648. Please leave us a comment or a

Grant Garlock, Commercial Loan Officer with BMC Capital, joins us to discuss bank & bridge loans, agency debt, as well as share his thoughts on the state of the market, before and after the start of the pandemic. BMC Capital's services include origination of commercial mortgage loans, bridge lending, mezzanine lending, construction lending, loan assumptions and loan servicing. While BMC is best known for small balance lending, the firm has the capability to finance individual loans up to $100 million. BMC services its clients through a network of nationwide offices. BMC is focused on using technology to better serve our clients all in effort to 'revolutionize the loan experience'. To get to know Grant or BMC Captial better, check out - https://www.bmccapital.com; - call 214.526.7178; - email info@bmccapital.com Please leave us a comment or a 5-star review on iTunes, SoundCloud, Google Podcast, or Stitcher!

Paul Pennington has been in the business of protesting commercial real estate CAD assessed values for over 33 years! Paul joins us to share what’s going on at the state level with regard to Section 11.35 of the Property Tax Code, specifically as it relates to disaster relief. It’s also time to protest your assessed values and reduce your property taxes; Paul shares what information and data he’s gathering to help support lower values and property tax expense. Finally, he shares his TOP TIP to help you reduce your property tax expense after the purchase of a property. For more information, check out https://pepennington.com/. Please leave us a comment or a 5-star review on iTunes, SoundCloud, Google Podcast, or Stitcher!

Co-Founder & CEO at Findigs, Inc., Steve Carroll, met with me to discuss their revolutionary product addressing slow landlord rental application processing times, reducing fraudulent application submittals, and most of all TIME. Findigs delivers expedited, non-frustrating, and efficient onboarding solutions from start to finish. To get to know Steve or learn more about Findigs services, you can reach him at steve@finddigs.com or visiting their website, findigs.com Please subscribe, leave us a comment, and a 5-star review on iTunes, SoundCloud or Stitcher!

I had a chance to catch up with Michael Becker of SPI Advisory, LLC who has owned and managed several thousand units this cycle. We discuss the current multifamily environment with COVID-19, and strategically planning for multiple scenarios on the back end of COVID-19. Specifically, how to communicate with your investors and lenders, good (and not so good) operational tactics, and what to look for in future acquisitions. To get to know Michael or his company SPI Advisory better, he can be reached at mbecker@spiadvisory.com. Please subscribe, leave us a comment, and a 5-star review on iTunes, SoundCloud or Stitcher!

Episode 38: Jeff Chalfin of Flow Dynamics, LLC Jeff Chalfin, CEO of Flow Dynamics, LLC, the patent holder and manufacturer of the SMART VALVE™, offers great insight into how a simple, yet extremely effective variable flow management device solves a number of problems inherent in your water system that are causing you to overpay for your water.  "With water becoming one of our most precious and expensive resources, our game-changing technology should become standard equipment for anyone paying a water bill,” says Chalfin Flow Dynamics, based in Carlsbad, CA, plans to expand its distributor network—both domestically and internationally— and welcomes inquiries from experienced distributors. Proudly Made in the USA by FLOW DYNAMICS, LLC. Interested in learning more on how you can save on water & sewage expenses? Here's how to get in touch: Email Jeff: jeff@thesmartvalve.com P: 877-843-8555 SMART VALVE Email: info@smartvalve.com Visit their website at https://thesmartvalve.com/