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The Best Ever CRE Show

JF3443: Collusion, Mistakes, and Hard Realities in Property Management ft. Mike Zucker

The Best Ever CRE Show

Best Ever CRE

Realestatepodcast, Entrepreneurship, Business, Realestate, Investing, Realestateinvesting, Realestateinvestingpodcast

4.8983 Ratings

🗓️ 7 February 2024

⏱️ 45 minutes

🧾️ Download transcript

Summary

In this episode, Ash Patel discusses property management and real estate investment strategies with Mike Zucker, managing partner of Peak Properties LLC. They cover Mike's journey from starting in property management to managing over 8,500 units, focusing on achieving high ROI and low vacancy for real estate investors. Mike shares his approach to property management, the importance of adapting to market changes, and strategies for maintaining and increasing property value.

Key Takeaways:

  • Adaptability and Comprehensive Service: Mike Zucker's extensive experience in property management and real estate investment has led to the management of over 8,500 units, emphasizing the importance of adaptability and comprehensive service in achieving high returns on investment.

  • The Value of Perseverance in Real Estate: Starting from the ground up, Zucker's journey from managing a six-flat building to overseeing a vast portfolio of multifamily and commercial properties showcases the value of perseverance, hands-on experience, and strategic growth in the real estate industry.

  • Strategic Property Management for Success: Peak Properties' approach to property management focuses on maximizing occupancy and minimizing vacancy through proactive measures, detailed analysis of operational costs, and strategic investments, demonstrating the critical role of effective property management in the success of real estate ventures.

Mike Zucker | Real Estate Background

  • Managing Partner, Peak Properties LLC
    • Leads a team of over 150+. Together they manage multifamily and CRE properties, valued at over $3B.
  • Based in: Chicago, IL
  • Say hi to him at:
  • Biggest Learning Experience: "In good times and bad, smart interest rates and smart debt rule the day."

Sponsors:

Syndication Attorneys

Monarch Money

My1031Pros

Transcript

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0:00.0

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1:05.0

Quick disclaimer, the views and opinions expressed in this podcast are provided for informational purposes only and should not be construed as an offer to buy or sell any securities or to make or

1:15.6

consider any investment or course of action.

1:18.8

For more information go to best ever show.com.

1:21.8

All of a sudden if we have a 40 or 50,000 dollar employee plus benefits.

1:27.0

Plus, plus, plus, when you keep adding it up, if we can offshore that position for 40% of the cost. We have been doing that slowly

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but surely so that's one way to increase your margins.

1:37.8

Welcome to the best ever show, the world's longest running daily commercial

1:42.1

real estate podcast.

1:43.4

Our hosts interview commercial real estate experts every day to get you the best advice ever

1:49.0

with none of the fluffy stuff.

1:50.6

Hello, best ever listeners.

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