Patrick Antrim, Founder and CEO of Multifamily Leadership, Producers of the Multifamily Investment Summit, the Multifamily Innovation® Summit, the Multifamily Women® Summit and the Best Places to Work Multifamily® bring you the Wealthy Apartment Investor Podcast to help Multifamily Investors better understand Financing, Due Diligence, Proforma Deal Analysis, Syndications, Developments, and the Capital Stack. You will better understand the process and fees associated with Multifamily Investments. We help people that are winning in Multifamily win even more as we extract success strategies from top Multifamily Investors and those thriving in the industry and showcase them on our platform. We hope to empower people with the resources and knowledge to become a better Multifamily Investor.Family office and Wealth Managers subscribe to better understand the Multifamily Investments they direct. Investors with 1031 exchange north of 1 Million, Ultra and high net worth individuals, and those who experienced a liquidity event attend our events to protect investment capital. We help you understand the not so obvious that will give you the competitive advantage to attract and retain premier investor capital.
Flexible Rentals: The $300 Billion Multifamily Opportunity
Merilee Karr is the CEO and Founder of UnderTheDoormat. Her vision is to make short term rentals a possibility for everyone. She’s been featured on many different news outlets, and although she’s been in the UK for the last 20 years, her experience is incredibly valuable for the US short-term rental market.
UnderTheDoormat believes there is more to short-term rentals than posting an opening on AirBnB. They’re looking to capitalize on the 300 billion dollar short-term rental market. UnderTheDoormat knows that people are valuing flexibility higher and higher, and are looking to support that market need.
In This Episode, We Cover:
What you can do with the 330 billion dollar short term rental market to improve your investmentsHow short term rentals are evolving with business trips and expensesWhat residents want in the current housing marketHow to prepare for short term rentals instead of just putting it up on AirBnBWho the best target market for short term rentals is going to beHow it’s more than just a way to control vacancyWhy subletting is a powerful option for any multifamily propertyWhat operating models are available to make short term rentals a successHow even a 1% change can completely change the profitability of a propertyHow short term rentals better let you follow the weekly and monthly changes in prices to maximize revenueMerilee Karr
CEO and Founder of UnderTheDoormat
Register for the 2023 Multifamily Investment Summit
Wealthy Apartment Investor Podcasts
Environmental Social Governance - ESG in Multifamily Investing
Paul Colgan is the Managing Partner for EA Americas, and is the Government Affairs Consultant for the Home Builders Association of Greater Chicago. He’s heavily involved with how governments are handling the desire to be more environmentally friendly in real estate.
This Episode Discusses:
How the private sector (like Salesforce) is pushing a reduction in business’s carbon footprint onto other businessesHow the government is pushing for verification and monitoring of carbon footprints of companiesWhy you need to be ready for federal regulations to come into play and how to prepareWhy you need to be following an international standard for regulating your carbon footprintWhat the timeline for decarbonization plans is going to look likeCompanies and investors want to be more environmentally friendlyWhat your first steps to working on your ESG should bePaul Colgan
Managing Partner for EA Americas and the Government Affairs Consultant for the Home Builders Association of Greater Chicago
The New Way to Tackle Multifamily Underwriting, Make More Deals, and Save Money
Parag Goswami is the co-founder and CEO of clik.ai. He previously owned an underwriting company and saw the pain of the repetitive tasks being handed to college graduate professionals. Using his incredible background in technology and computers, he created a solution.
Clik.ai is an AI powered platform that aims to make underwriting fast and painless. It tackles the problems that asset managers, banks, investors, and more face in the real estate market. Clik.ai knows that having a fast underwriting process can allow users to execute on deals before the competition.
This episode discusses:
Why underwriting needs to be done by an AI instead of by hand How AI can turn 4 hours of underwriting into 4 minutes How underwriting AI lets investors capture opportunities that would otherwise be lost What it means for AI underwriting to be the new industry standard and how to use it to make better investments What makes clik.ai stand out from the rest of the growing underwriting AI niche Why access to underwriting AI drives profits for both the biggest and smallest companies Parag Goswami
Co-Founder and CEO of clik.ai
Home sharing on Airbnb for Multifamily Owners and Residents
Kayla Neller is the Director for Program Management at Migo. With over a decade of experience in all facets of the real estate and multifamily industry, she has now launched hundreds of short-term rentals across multifamily.
Richard Chandler has his background in hospitality. Now at Migo as the Director of Product and Data, he’s able to merge that experience with the expertise of multifamily professionals such as Kayla. Short-term rentals are a mix of hospitality and multifamily, so his experience is invaluable.
Migo partners with Airbnb to make flexible, short-term rentals a reality for multifamily properties. They aim to make the process simple and easy and guide operators through the pitfalls of loaning out apartments for short periods of time. Migo is a part of RealPage, a real estate and property management company.
This episode discusses:
How to regulate home sharing and short term rentals to keep risks low Who is really wanting to take advantage of being able to rent out their own apartment when they’re not around How easily the management and regulation can be handled Why property owners and residents both want to rent out their apartments while they aren’t there That 65% of AirBnB rentals already takes place in multifamily, despite the risk of being evicted How to tackle cleaning and quality to make sure short term rentals are kept to a high standard, which is already the #1 most common complaint on AirBnB How to help residents make the best of renting out their apartment Kayla Neller
Director for Program Management at Migo
Director of Product and Data
What Investors Expect - The Multifamily Opportunities for Alpha Returns
Craig Shannon is the President of Grovemont Capital Advisors. There he helps connect real estate companies with capital. As such, he has enormous insight into what investors REALLY want. As changes are happening faster and faster, Craig is able to make investors and operators get the most value possible.
This episode discusses:
What are the three things an investor needs to be looking for Why real estate is so popular as an investment right now What the current excess of capital means for the investment market Why trust is the most important factor in making any investment How realizing your tenants are really clients can turn an investment around Why a 0% vacancy is a bad thing for a multifamily property What top properties are using for an advantage in the real estate and investment market When it’s correct to use equity instead of debt to raise capital, regardless of interest rates Why high quality people are the best asset of any investment How to take risks in investments and technology that will pay off instead of leaving you with arrows in your back Why it’s critical to always have an advisory board Craig Shannon
President of Grovemont Capital Advisors
How to Find Multifamily Deals without the Risk of being a Late Mover in a Cycle
John Carlson is the President of Mark-Taylor, and has been with the company for 20 years. He leads the strategic direction and oversees business development, operations, and the property performance portfolio.
Mark-Taylor owns, develops, and operates quality multifamily properties. With over 20,000 units, they are one of the largest multifamily operators in Arizona.
In This Episode
Patrick and John discuss the following:
Where the real estate market is and where it’s going What the acceleration of deals being made in 2022 means for investors after an already record setting 2021 What 10.2% CPI change since the beginning of COVID means for the future market How the current market is different from the pre-crash market in ‘04 to ‘06 Why investing in people is the most valuable investment you can make How smart home technology is starting to become a necessary amenity over time Why increased flexibility is critical to the future of multifamily Why giving an amazing experience is the #1 priority for any in-person interactions How John managed to get through moments where projects failed