RCRE - Impactful Property Management with Luke Leins

Jake and Gino Multifamily Investing Entrepreneurs

Jake & Gino

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5 • 831 Ratings

🗓️ 18 March 2020

⏱️ 34 minutes

🔗️ Recording | iTunes | RSS

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Summary

Mike Taravella interviews Luke Leins from InvestRes to discuss property management, underwriting, and developing culture Luke Leins is the Director of Business Development for InvestRes Real Estate which has purchased 17,000 units, maintain $1.5B+ in assets under management Key Information: InvestRes has been moving from investing and being vertically integrated to becoming a 3rd party property management Have a core purpose and always make business decisions that align with that purpose Multifamily is having a employment crisis because operators can’t find employees GetDone is a platform to allow maintenance techs to earn more side money AND allow properties to run leaner and handle work orders more efficiently Underwrite the deal from a top-down and bottom-up approach Ask underwriters how they got to their number Don’t forget to upgrade amenities when considering your underwriting Invest in your marketing so that you can get more potential residents through the door Payroll not only includes pay but also includes bonus and benefits Culture is what keeps people from staying and creating less turnover Expert Pro Tip: Always get different perspectives when underwriting. Contact Information: [email protected] https://respropmanagement.com/ To register to invest with us: https://invest.randpartnersllc.com/invexp/accounts/login/ Rand CRE's Facebook: https://www.facebook.com/randcre Rand CRE's Linkedin: https://www.linkedin.com/company/randcre Rand CRE's Instagram: https://www.instagram.com/randcre

Transcript

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0:00.0	Welcome to the RAND CRA show, commercial real estate with no stone left unturned.
0:10.0	All right, everyone, welcome to the RANCRI show.
0:13.0	I'm your host, Mike Tarbell, and today I'm super excited to have our guest on.
0:17.0	Before we get started, I want to remind everyone that the RAN series shows hosted
0:22.4	by RAND commercial real estate, vertically integrated real estate investment and advisory firm,
0:28.3	providing opportunities for investors to create past streams of income for real estate investing,
0:33.9	as well as providing active investors sourcing debt and equity across the board.
0:38.3	So if you have any questions on how to fund your deal or to get active in a deal,
0:42.3	please reach out to info at rancre.com.
0:46.3	But today I'm super excited to have our guest, Luke Lyons,
0:50.3	is the director of business development for invest for as real estate estate which is purchased over 17,000 units and maintained
0:57.5	1.5 billion dollars assets of the management so Luke welcome to the show how's everything going
1:03.1	at today. Hey man, thank you for having me appreciate it. Things are good I'm sitting out of one of our
1:08.4	properties here in Sarasota so it's not a bad place to. I live in Denver and spend a lot of my time in Florida.
1:14.5	So yeah, not a bad place to be. I'm glad to be here with you today.
1:17.9	Professional snowbird at its finest.
1:21.0	Yeah, exactly. I started a little early, but I'm not complaining about it. Exactly. Now that's awesome man. So I guess one thing I want to,
1:29.1	we were talking a little bit offline of kind of the invest res platform and where it started and
1:35.3	where it's going. So I'd love to hear kind of the background for your company and where it's going and why.
1:42.3	Sure. Yeah. We're a bit of a contrarian in the real estate space. Our founders
1:47.9	in 2010, they graduated Harvard Law, and instead of practicing law, they flew down to Tampa
1:53.6	and started the multifamily real estate company, raised about $100 million and started buying
	...

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