Three Changes To Make When Buying An Apartment Building ✔

Jake and Gino Multifamily Investing Entrepreneurs

Jake & Gino

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

5 • 831 Ratings

🗓️ 8 May 2023

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

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Summary

Proper planning prevents poor performance - Gino Barbaro. ⭐ In this short video, we dive into key strategies and insights for scaling up your multifamily real estate investing game. Whether you're a seasoned investor or just starting out, establishing effective systems and processes is crucial for achieving long-term success in this competitive market. We kick things off by sharing expert advice on the need to establish robust systems and processes that can handle the increased demands that come with scaling up your multifamily portfolio. From acquisition to property management, we provide practical tips and proven methods to help you streamline operations and maximize efficiency. Next, we focus on property management tips specifically tailored for multifamily syndicators. As you expand your portfolio and attract more tenants, effective property management becomes paramount. We discuss essential strategies for tenant screening, lease management, maintenance, and creating a positive living environment. Learn how to strike the right balance between tenant satisfaction and profitability, ensuring your multifamily investments continue to thrive. Additionally, we delve into the critical aspect of optimizing costs and revenues. We guide you through the process of creating a comprehensive plan that analyzes expenses, identifies areas for cost reduction, and explores avenues for revenue growth. Discover strategies to minimize operational inefficiencies, negotiate favorable contracts with vendors, and leverage technology to streamline your financial processes. Whether you're a beginner or an experienced investor, this video provides actionable insights and practical advice to help you take your multifamily real estate investing to the next level. Join us and unlock the keys to successful scaling, efficient property management, and optimized financial performance in the multifamily market. Don't forget to like, comment, and subscribe to our channel for more valuable content on real estate investing. Hit the notification bell to stay updated on our latest videos. Let's dive in and supercharge your multifamily real estate game! We're here to help create multifamily entrepreneurs... Here's how: Brand New? Start Here: https://jakeandgino.mykajabi.com/free-wheelbarrowprofits Want To Get Into Multifamily Real Estate Or Scale Your Current Portfolio Faster? Apply to join our PREMIER MULTIFAMILY INVESTING COMMUNITY & MENTORSHIP PROGRAM. (*Note: Our community is not for beginner investors) 👉https://jakeandgino.com/apply About Jake & Gino Jake & Gino are multifamily investors, operators, and mentors who have created a vertically integrated real estate company. They control over $250M in assets under management. They have created the Jake & Gino Premier Multifamily Community to teach others a simple three-step framework for investing in multifamily real estate. Connect with Jake & Gino on the social media platform you are most active on: https://jakeandgino.com/link-tree/

Transcript

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0:00.0	If you're doing your first or your second deal, don't worry so much about the policies and procedures that you have.
0:05.6	What I would worry about, though, Jake, which is really, really important, is the people that are on that property.
0:10.6	If you have to hire a property manager, make sure they align with your values.
0:14.2	Make sure they have experience.
0:15.6	Make sure they can teach you something. Hello, right. Jake and Gino here, and today we're discussing the top three things that we
0:45.2	change when taking over an apartment building. Gang, we're constantly looking for ways to
0:49.8	systematize our business and replace repeatable decision making. So things we got to constantly think about
0:55.7	with systems and frameworks to take the thought process out of it and focus our attention and our
1:02.5	decision making and higher level problems. So ultimately today what we're doing is we're discussing
1:07.0	the three P's to taking over an apartment complex.
1:11.2	Gino, how's it going?
1:11.8	Jay, good.
1:12.2	I'm going to give you the five P's that everyone should focus on in their business before you give them the three P's.
1:16.4	How about that?
1:17.3	I don't know.
1:17.7	Is this going to be like PG here?
1:19.1	Because I think you're going dark on me.
1:20.3	I am always PG, bro.
1:21.6	I keep it clean.
1:22.9	Is that stand for Papa Gino?
1:25.9	No. Okay. Yes.
1:27.9	Papa.
	...

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