Rand CRE

02/26/2022

On this episode, Mike interviews Solange Velas. Solange brings an unequaled history of success marketing multifamily real estate and investment properties to Knoxville, TN. She has been active in commercial real estate sales since 1984 and since moving to Knoxville in 1997, she has become well known as Knoxville's premier multifamily broker. Solange has been involved in the sale of more than 465 investment properties in Knoxville alone with her primary target market being existing apartment communities under 30 units in size.

Key Insights:
00:00 Introduction
03:37 Guidance for buyers in the current market environment
08:56 Driving factor for under-priced apartments
13:09 Developing trust and terms with brokers
18:00 Proof of funds
21:00 Waiting for big offers till the last moment
24:00 Wrap-up

Check out the full episode:

On this episode, Mike interviews Solange Velas. Solange brings an unequaled history of success marketing multifamily real estate and investment properties to...

02/18/2022

On today's episode Mike interviews Jake Havron.

Jake’s Background:
✔ Worked as an emergency room nurse
Philosophy:
✔ Success is gradual and it builds upon habits
✔ Quality of questions dictate the quality of the answers
✔ Ask yourself “What bad habits can you release right now?”

Check out the full episode on our website/Apple/Spotify now:
https://jakeandgino.com/focusing-on-sustained-success-w.../

Jake’s Background: ✔ Worked as an emergency room nurse Philosophy: ✔ Success is gradual and it builds upon habbits ✔ Quality of questions dictate the quality of the answers ✔ Ask yourself “What bad habits can you release right now?” ✔ Don’t use the word “CAN’T” ✔ Convert th...

02/11/2022

On this episode, Mike interviews Stefan Tsvetkov. Stefan is a financial engineer turned multifamily investor, analytics speaker, and live webinar host. He holds a Master’s degree in Financial Engineering from Columbia University, and during his finance career managed $90 billion derivatives portfolio jointly with colleagues.

Key Insights:
00:00 Introduction
02:40 Approach to pick market
06:06 Market valuation
10:22 Why do you want to buy in that market
14:49 Leading versus lagging indicators
18:30 Considering market evaluation matrix
22:18 Working on correlation to compare
27:00 Analysis on the basis of affordability and average income
31:54 Determining value when numbers are consistent
37:57 Pro tip for listeners
40:00 Wrap-up

Check out the full video on our website/Apple Podcast:
https://jakeandgino.com/market-data-with-stefan-tsvetkov/

02/10/2022

On this episode, Mike is with Lyndsay Hanes to discuss on automating property management.

Lyndsay’s Background:
✔ Founder/CEO of Metric Property Management
✔ 21 years of experience

Accomplishments:
✔ In 2021, went from 250 units to 2,600 units
✔ Took only 2 weeks to stabilize a property

Tips for Investors:
✔ Call PM for operating before putting an offer
✔ Learn how to read a financial report
✔ Owners should pay a visit to their properties and meet the staff
✔ Set goals and hold people accountable

Check out the full episode: https://jakeandgino.com/automating-property-management-with-lindsay-hanes/

Lyndsay’s Background: ✔ Founder/CEO of Metric Property Management ✔ 21 years of experience Accomplishments: ✔ In 2021, went from 250 units to 2,600 units ✔ Took only 2 weeks to stabilize a property Philosophy: ✔ Emphasized on keeping things simple (K.I.S.S. method – Keep It Simple Stup...

01/28/2022

On this episode, Mike is with Tim Kelly. Tim is a Real Estate Investor & Educator, a Best-Selling Author, Speaker, and served in the US Navy for 15 years of service. He is the VP of education and co-owner of the platform Active-Duty Passive Income (ADPI) which helps active, veteran, reserve, and other military affiliated personnel realize their financial freedom goals through real estate investing. Tim started Real Estate Investing with Single Family homes in 2011 and since then acquired 1,200 units.

Tim’s journey in helping fellow military members started in 2018. He shared his story in Biggerpockets of investing while serving in the Navy. His story caught the attention of the founding members of (ADPI) and reached out to Tim. Tim saw that ADPI’s goals were aligned with his. Shortly thereafter, Tim joined the community and help it grow to where it is today.

Check out the full video on our website/Apple Podcast now:
https://jakeandgino.com/active-duty-passive-income-with-tim-kelly/

On this episode, Mike is with Tim Kelly. Tim is a Real Estate Investor & Educator, a Best-Selling Author, Speaker, and served in the US Navy for 15 years of service. He is the VP of education and co-owner of the platform Active-Duty Passive Income (ADPI) which helps active, veteran, reserve, and oth...

12/04/2021

On this episode, Mike Taravella talks about asset management.

Key insights include:
✔ Asset Managers keep Property Managers Accountable to make sure the business plan is being executed
✔ Investors hold Asset Managers Accountable to make sure the investors are getting paid
✔ As an Asset Manager you should have a weekly meeting with your property manager
✔ During the meetings you should understand your physical occupancy, we target 95%
✔ We also review the delinquency narrative to make sure residents are paying but also if any residents need assistance
Pro Tip: Use a project management tool like Asana to help manage your projects.

• Asset Managers keep Property Managers Accountable to make sure the business plan is being executed • Investors hold Asset Managers Accountable to make sure...

11/14/2021

Mike Taravella discusses the importance of understanding your rent roll as a buyer and an owner.

Key Information:

✔ What is a Triple Net Lease (NNN) and what does it include?
✔ Where is the operational risk? With the tenant!
✔ Who pays the expenses? Probably the tenant!

Mike Taravella discusses the importance of understanding your rent roll as a buyer and an owner. Key Information: What is a Triple Net Lease (NNN) and what does it include? Where is the operational risk? With the tenant!Who pays the expenses? Probably the tenant! Industrial NNN Leases 10-20 year lea...

10/29/2021

On this episode, Mike Taravella recaps the Multifamily Mastery 4, a Multifamily Real Estate Conference hosted by Jake & Gino on 23-24 Oct’21. The conference witnessed tremendous participation with more than 900 participants from all across the United States.

Key takeaways:
✔ Proximity is Power
✔ Connecting at events allows for you to connect with other great operators
✔ Real estate is a team sport. Your chances of growth go up by several folds if you have the right team in place
✔ Plan on going to live events in 2022 to help connect with the best investors

Check out the podcast for more insights: https://youtu.be/8OZyZ9Yrng8

If you want to learn more about Jake and Gino’s events, visit: jakeandgino.com/events

10/08/2021

Mike Taravella discusses the importance of engaging with your property management team

Key Information:

✔ Before you buy the deal, make sure you align with the team and set expectations.
✔ Make sure the PM understand the business plan and expectations
✔ Deep dive on key performance indicators (KPI) – Make sure both sides understand what the KPIs are and why you look at them

To know more check the podcast here: https://bityl.co/92OB

Mike Taravella discusses the importance of engaging with your property management team Key Information: Before you buy the deal, make sure you align with the team and set expectations. Make sure the PM understand the business plan and expectations Deep dive on key performance indicators (KPI) – Ma...

10/06/2021

Mike Taravella is excited to announce that the Rand Fam has now the ability to develop in Tennessee! We are excited to develop to help tackle the affordability crisis and help attract A talent and continue to develop more talent.

If you have questions please reach out to [email protected]

10/01/2021

Mike Taravella is excited to announce that the Rand Fam has now the ability to develop in Tennessee! We are excited to develop to help tackle the affordability crisis and help attract A talent and continue to develop more talent.

If you have questions please reach out to [email protected]

Mike Taravella is excited to announce that the Rand Fam has now the ability to develop in Tennessee! We are excited to develop to help tackle the affordability crisis and help attract A talent and continue to develop more talent. If you have questions please reach out

09/25/2021

Mike Taravella discusses the importance of understanding your rent roll as a buyer and an owner.

Key Information:

#1. Understand your occupancy!

If you are getting agency debt you need 90% for 90 days! Get a report if it is not on the rent roll.

As an owner, do your reviews to make sure your PM is operating efficiently and your turnover is low.

#2. Market Rents

What are the true market rents? Do your own due diligence to prove out the comps provided.

As an owner, keep track of the rents in your market to know when you need to raise them. You NOI relies on it!

Check out the podcast on our website for more insights.

Mike Taravella discusses the importance of understanding your rent roll as a buyer and an owner.  Key Information:  #1. Understand your occupancy!   If you are getting agency debt you need 90% for 90 days! Get a report if it is not on the rent roll. As an owner, do your reviews to make sure yo...