WBP - Value-Add Property Management with Logan Rankin

Jake & Gino: Real Estate Investing & Multifamily

Jake & Gino

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

4.9 • 842 Ratings

🗓️ 23 September 2020

⏱️ 55 minutes

🔗️ Recording | iTunes | RSS

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Summary

Will Coleman and Mike Taravella Interview Logan Rankin of Rankin Enterprises. Key Information: Play the long game: You have to build up your infrastructure and education before you can really get moving in Real Estate. Invest in banking relationships: Develop relationships with your bankers by setting up meetings and periodically sending them updated financials. Target properties with bad property management and develop detailed systems and processes. Reach out to tenants in the first ninety days. This will go a long way in making sure they feel valued and decrease the overall rate of turnover for a property. Use tools like appfolio, dropbox, and google drive to keep detailed records of how properties are performing. Keep your employees accountable. Be transparent so they are aware of when they are doing what they are supposed to do and when they are dropping the ball.. Expert Pro Tip: “Always question why you are investing the way you are” Contact Information: Logan@rankininvestment.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 RANCRE show, commercial real estate with no stone left unturned.
0:09.7	Hey everyone, welcome to the RANC Siri show.
0:12.8	I'm your host, Mike Tarvella, with the man, the myth, the legend.
0:17.0	Will Coleman, Will, how are you on this beautiful day?
0:19.3	Doing well, Mike, running the marathon one step at a time.
0:22.4	And very excited to have our guest on the show today.
0:25.8	I've spoken with Logan here over the past six or seven months or so.
0:30.4	And I mean, the amount of growth that he's been able to do during COVID has been amazing.
0:34.8	So very excited to talk with him about that.
0:37.1	So quick background on Logan.
0:39.5	Logan owns and operates a growing real estate business
0:42.8	with 103 different properties, 770 total units
0:47.0	across 15 cities across Wisconsin.
0:51.4	And about 450 of those units he's acquired over the last four or five months,
0:55.5	which is what we're really excited to talk with him about.
0:58.7	Logan spent his first decade of his professional career working for a Fortune 50
1:04.4	corporation leading retail operations, so very heavy on the operation side.
1:09.2	And again, been very aggressive on the growth, the operations,
1:12.8	and the scaling of his real estate company. So excited to have you on the show today, Logan.
1:18.2	Thanks, guys. Appreciate it. Yeah, I think, I mean, when I first met, Logan, we were just kind
1:22.8	of talking, nerding out on ops, the very first time we talked before the podcast. And it's amazing what happens when
1:29.4	you manage right, leads into the buy right, and just, you know, building that scale. Because
	...

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