RCRE - Increasing Profitability by Controlling Utilities with Kevin Gardner

Jake & Gino: Real Estate Investing & Multifamily

Jake & Gino

Commercialrealestateinvesting, Realestateinvesting, Cashflow, Smartinvesting, Apartmentinvesting, Investingsmart, Management, Buyingrealestate, Entrepreneurship, Business, Realestateinvestment, Multifamilyrealestateinvesting, Makingmoney, Buyingapartmentbuildings, Jakeandgino, Investing

4.9 • 842 Ratings

🗓️ 10 June 2020

⏱️ 37 minutes

🔗️ Recording | iTunes | RSS

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Summary

Mike Taravella and co-host Will Coleman interview Kevin Gardner of Multifamily Utility Solutions Key Information: Right of Entry: Cable company pays operators to enter the property and the residents pay for the service. Cable contract pays operators owners through signing bonus (by door) or revenue share The Other Contract is Bulk Bill: Operator pays for every unit regardless if resident uses it. Operators can save money because cheaper discount but could charge premium Class A & B leverage Bulk Bill Kevin can leverage his services for other utilities if our market is deregulated This service is no cost unless you as the operator get paid Plan ahead to see if there is a contract already in existence Expert Pro Tip: “Just Call!” Contact Information: (248) 930-4768 kevin@multifamilyutilitysolutions.com www.MultifamilyUtilitySolutions.com To register to invest with us: https://invest.randpartnersllc.com/invexp/accounts/login/

Transcript

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0:00.0	Welcome to the RANCRE show, commercial real estate with no stone left unturned.
0:09.8	Hi, everyone.
0:10.8	Welcome to the RANCRE show.
0:12.9	I'm your host, Mike Tarvella, with my co-host in the flesh now.
0:17.2	Will Coleman, how's it going, Will?
0:19.2	Howdy, Mike?
0:19.8	I'm glad to be here, just running the marathon one step at a time and excited to learn from our guest today.
0:25.8	Well, Will, how about you get intro our guests?
0:29.2	Absolutely.
0:29.9	So today we have Kevin Gardner.
0:32.1	Kevin Gardner is the managing partner of multifamily utility solutions.
0:36.5	Kevin helps multifamily owners by negotiating
0:39.1	telecommunications, gas, and electric contracts to help owners increase their NOI, and it
0:44.8	sounds like he has been a part of the Jake and Gino's story since the beginning.
0:48.8	How's it going, Kevin?
0:50.3	It's going great, man. It's going great. Thanks for having me on today, guys.
0:53.3	Absolutely. So, so Kevin, man. It's going great. Thanks for having me on today, guys. Absolutely.
0:54.7	So, Kevin, sounds like it's the dream proposition for every multifamily or real estate investor.
1:01.6	You come in and you automatically increase the net operating income, increasing the valuation.
1:07.0	How does that work out in your world with the multifamily utility solutions?
1:13.3	All right, well, let's set realistic expectations.
1:15.5	It's not like you call me day one and then the next day you got cash coming in.
	...

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