Episode 146 - Could you learn something from a guy that manages over 19,000 apartment units?

Ryan Wehner manages over 19,000 units in Texas and Oklahoma. His third-party property management company provides the day to day management of apartment properties. Ryan discusses the reasons to have a management company oversee your asset. Ryan then explores the state of the apartment market in annual rental growth and what to expect in the future. On the expense side, Ryan is seeing increased expenses in property taxes, insurance and employee costs. He gives an example on the benefit of being a landlord in Texas. The eviction process is much easier than many states. If you “don’t pay…you don’t stay”…it is one of the advantages of owning real estate in Texas. Ryan then explains the benefits that some property management company’s can offer…a master insurance policy. Michael uses a master insurance policy and the savings that can be achieved.
Ryan discusses the line item expense of water costs. Water cost can be a huge variable expense; from tenant usage and leaks. Carl Wehmeyer is with Niagara Water Conservation. Niagara fights the war against water waste. Carl explains how a simple phone app can save thousands of dollars in water waste on apartment properties. The on-going water monitoring has helped clients save money.
To receive our FREE 15 page WHITE PAPER REPORT on the 2018 FUNDAMENTALS OF MULTIFAMILY FINANCING 101 and to learn more about upcoming events at Old Capital Speaker Series please visit us at OldCapitalPodcast.com
Are you interested in learning more about how Multifamily Syndications work? Please visit www.spiadvisory.com to learn about Michael's Real Estate Syndication business with SPI Advisory LLC.