JF3349: How to Anticipate and Deal with Surprise Vacancies | Bonus Operations ft. Slocomb Reed

The Best Ever CRE Show

Best Ever CRE

Business, Investing, Entrepreneurship

4.7 • 996 Ratings

🗓️ 5 November 2023

⏱️ 18 minutes

🔗️ Recording | iTunes | RSS

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Summary

Bonus Operations is a series hosted by apartment owner/operator and Best Ever Show host, Slocomb Reed. In each five- to ten-minute episode, Slocomb provides his top takes for executing your business plan and maintaining cash flow. In this episode, Slocomb Reed discusses the crucial signs that property owners and real estate investors should be aware of during the due diligence period when acquiring new apartment buildings. Reed shares 12 red flags that may indicate tenants are likely to vacate soon after the transition in ownership or management. These flags include late rent payments, a lack of concern for property maintenance, sparse furniture in units, intentional damage, subletting without permission, vacant apartments listed on the rent roll, unauthorized pets, and more. Reed also delves into the significance of non-English speaking tenants within migrant communities and how their relationships with landlords can impact occupancy. Click here to learn more about our sponsors: BV Captial CRE Daily BAM Capital Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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1:05.0	Quick disclaimer, the views and opinions expressed in this podcast are provided for informational
1:09.6	purposes only and should not be construed as an offer to buy or sell any securities or to make or
1:15.5	consider any investment or course of action.
1:18.7	For more information go to best ever show.com.
1:22.0	If tenants tell you that they're leaving informally outside of delivered written notice, which of course you're going to take seriously,
1:31.0	take seriously that they are considering moving on and project that those
1:36.9	apartments are likely to become big.
1:38.8	Welcome to the best ever show, the world's longest running daily commercial real estate
1:43.8	podcast. Our hosts interview commercial real estate experts every day to get you
1:48.8	the best advice ever with none of the puppy stuff. Best ever listeners.
1:53.0	Welcome to the best real estate investing advice ever show.
1:55.6	I'm Slocum Reed and today we are delivering a best ever operations show.
	...

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