Best Real Estate Investing Advice Ever (Property Management)

Alex Rogers graduated from the University of Minnesota with degrees in finance and economics in 2009 after watching the Great Recession unfold in real time. However, that didn’t deter him from teaming up with a friend to launch his real estate investing career. Today, Alex serves as principal at Gray Duck Companies, a fully integrated real estate firm specializing in multifamily real estate. In this episode, he shares why he decided to take on third-party property management, how he selects clients, and his advice for scaling to the point of hiring full-time staff.

Alex Rogers | Real Estate Background

  • Principal at Gray Duck Companies, a fully integrated real estate firm specializing in multifamily real estate.
  • Portfolio:
    • GP of:
      • 200 units through syndication
      • 100 units and approximately 50,000 sq. ft. of commercial acquired outside of raising capital with his business partner and additional JV partners.
    • LP of one fund, one multifamily syndication, and one storage syndication.
  • Based in: Duluth, Minnesota
  • Say hi to him at:
  • Best Ever Book: Who Not How, Dan Sullivan
  • Greatest lesson: One of the greatest lessons I've learned was the strength of your immediate network and those you spend time with. A common saying is that "you are the average of the five people you surround yourself with.” I take this to heart and try to surround myself with people that are smarter than I am. If you're the smartest person in a room, you're in the wrong room.

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Direct download: JF_2852_Alex_Rogers_.mp3
Category:Property Management -- posted at: 3:00am EDT

San Diego native Bryan Underwood grew up learning the ins and outs of self-storage from his family. After honing his acquisitions, entitlements, and property due diligence skills, he went on to start Responsible Real Estate, which develops residential projects in both the single-family and multifamily asset classes. In this episode, Bryan discusses his biggest learning curve in residential development, what he looks for in a project manager, and what it takes to thrive in the San Diego market.

Bryan Underwood | Real Estate Background

  • President of Responsible Real Estate, Inc., which sources investment opportunities, entitles land, raises capital, performs property due diligence, and develops residential projects.
  • Portfolio:
    • GP of:
      • 109 units between two development properties and one value-add property
      • 10 townhomes
    • LP of:
      • 15 self-storage facilities
  • Based in: San Diego, CA
  • Say hi to him at:
  • Best Ever Book: The Bible
  • Greatest lesson: Surround yourself with great people.

Click here to know more about our sponsors:  Cash Flow Portal | Cornell Capital Holdings | PassiveInvesting.com 

Direct download: JF_2842_Bryan_Underwood.mp3
Category:Property Management -- posted at: 3:00am EDT

What’s the best way to navigate raising rents with your current tenants? Sia Senior, Principal and asset manager at Arrowhead Capital, shares with us the best ways to work with tenants during rent raises to avoid turnover and sour relationships among the community.

Sian Senior | Real Estate Background

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Direct download: JF_2744_Sia_Senior.mp3
Category:Property Management -- posted at: 7:00am EDT

Veteran Joe Riley saw an opportunity in the market when he rented his home while on deployment: creating temporary housing for families near military bases. Now with over 300 properties, Joe has continued to grow his portfolio to fit this overwhelming need for military housing. Joe talks about how he created Patriot Homes and how to scale your short-term rental portfolio.

Joe Riley | Real Estate Background

  • Founder of Patriot Family Homes, a veteran-owned company that meets the need for short-term housing near military bases.
  • Portfolio: Owner of 300+ properties.
  • Prior to starting this company, Joe was a Captain in the Army, having multiple overseas deployments, and previously served on the National Security Council at the White House.
  • Based in: Chattanooga, TN
  • Say hi to him at: www.patriotfamilyhomes.com
  • Best Ever Book: The Politics of Diplomacy by James A. Baker III

Click here to know more about our sponsors: Deal Maker Mentoring | PassiveInvesting.com | FollowUp Boss 

Direct download: JF_2738_Joe_Riley.mp3
Category:Property Management -- posted at: 7:00am EDT

Kyle Mitchell, Founder of Limitless Estates and Managing Partner of Vertical Street Ventures, returns to the Best Ever Show to share his insight on multifamily asset management. In this episode, he details the importance of having a good asset manager and how to create an efficient, scalable business using this role.

Kyle Mitchell | Real Estate Background

Click here to learn more about our sponsors: Deal Maker Mentoring | PassiveInvesting.com | FollowUp Boss 

Direct download: JF_2728_Kyle_Mitchell.mp3
Category:Property Management -- posted at: 7:00am EDT

As AJ Shepard started taking on bigger multifamily investments, he knew he would need to find a way to generate more income to qualify for more financing. That’s when he realized he could start his own property management company and oversee his own investments as well as others, bringing in the necessary cash and then some. In this episode, AJ shares the benefits of not only being an investor, but also running your own property management company.

AJ Shepard | Real Estate Background

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Direct download: JF_2699_AJ_Shepard.mp3
Category:Property Management -- posted at: 7:00am EDT

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