REI ROCKS! PODCAST
Listen to another great episode with industry leaders in real estate.
Getting Your Numbers Right and Avoiding Stretchers with Jared Asch and Sid Shamim
In this 3 part series, Jared and Sid talk about increasing prices and the value of properties in 3 to 5 years. Jared and Sid shares with us ways on how it is important to get your numbers right to avoid stretchers and get the value for your investment.
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Part 1
Things you will learn in this episode:
[00:01 – 08:25] Opening Segment
- I introduce our guests for today
- Jared shares about his background
- Sid shares about his background
“At the end of day, it’s just how you can manage your chances.”
[08:26 – 21:40] Things to look for in a deal to avoid stretching
- Buying and holding instead of flipping houses
- Getting into B class properties in A class neighborhoods
- Successful stretchers is good for the location
- How the Eviction Moratorium is putting brakes on the prices
- Must consider the right strategies and making the numbers work for you
- Prices to be so far outpacing with inflation
- Look for existing cash flow
[21:41 -24:14] Closing Segment
- Acknowledging that there are two sides to it
- Importance of having good third party management
Part 2
Things you will learn in this episode:
[00:01 – 04:42] Reducing Expenses
- Some properties have minimal rent growth
- Importance of knowing if there is a hairline change to your business
- The importance of the management on the ground
“You can’t operate under the basis of people being afraid.”
[04:43 – 10:57] Property Management Groups Buying Property
- Thoughts on selling something you don’t believe in
- Property managers are knowledgeable about the market
- Incentivizing property management companies
[10:58 -24:14] What’s Included in a Technology Package
- Inclusions of a technology package
- How to work with providers
- Majority of the market is a younger age group
Part 3
Things you will learn in this episode:
[00:01 – 09:39] Due Diligence for Providing Better Means of Living
- Corner-cutting horror stories in multifamily units
- Good property management teams provide solutions
- Building to fair extreme weather
“It goes back to that idea of, it’s not “how do I do this?”, it’s “who’s already done this?”. They can help me figure out how to do it.”
[09:40 – 16:14] Decreasing Expenses
- Negotiating expense management with lenders
- Learning from those who have more experience than us
[16:15 -21:11] Troubleshooting Maintenance Issues
- Water conservation rules and techniques
- Preventing disasters is better than fixing disasters
[21:12 -24:51] Closing Segment
- Final words from Jared Asch and Sid Shamim
- Connect with my guests using the links below!
You can connect with Jared on LinkedIn
Linkedin-in
You can connect with Sid on LinkedIn
Linkedin-in
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