Multifamily Missteps Hosted by Christy Keeton
Are you tired of the "rainbows and butterflies" approach in multifamily investing, where everything unfolds seamlessly, and everybody wins? You never see “behind the scenes” reality.
If you resonate with our perspective, acknowledging that true insights emerge from navigating mistakes and challenges, then you're in the right place.
Join Christy Keeton, your host, as she dives into the missteps and lessons learned encountered by active apartment operators.
In these episodes, we embark on a journey to dissect and analyze the pitfalls within the multifamily project life cycle, focusing on the crucial stages of Finding, Funding, Fixing, or Flipping a project.
Instead of glossing over setbacks, we shine a spotlight on them, providing a valuable learning experience for our audience. Each episode concludes not only by revealing how the issue at hand was rectified but also by sharing other priceless lessons derived from the experience.
It's an unfiltered exploration of the multifamily investment landscape, revealing the intricate tapestry of challenges and solutions that make the journey worthwhile.
Multifamily Missteps Hosted by Christy Keeton
Where's My Property Manager? - Dustin Miles
What does it take to become a successful property manager? How do we find and hire the right one? And by “right,” I mean how do we find the manager that will be best suited to take care of our needs?
Dustin Miles, President of Cowtown Cap, Founder of School of Income, and the Managing Partner of Momentum Multifamily, was caught by surprise when his main connection retired. He was also unable to meet his desired growth rate. What steps did Dustin take to overcome these challenges?
Let’s jump into Dustin’s story and get expert advice on how we can hire the perfect property managers.
[00:01 - 07:00] Opening Segment
- How to get in contact with Dustin
- See links below
- Dustin talks about his career background and journey in real estate
- Dustin talks about personal life
- He loves hiking and running and living a very active lifestyle
- If there is anything you want to do in life, either you hire a coach or partner up with someone who has already done it
- Figure out your map and get the right people to help you to reach it
[07:01 - 14:44] Where's The Manager?
- Dustin talks about a tough time he faced on a deal
- Involving a management company that specializes in the secondary market
- By the time the deal closed, his main connection decided to retire
- He has to make a pivot
- Making the switch
[14:45 - 17:24] The Switch of the Process
- Dustin talks about the change he made in the process of hiring a property manager
- If you are interested in getting into multifamily or scaling your current business;
- hop over to our website myersmethod.com to grab your free four-step guide on how to get the ball rolling!
- Dustin talks about another deal he has in Oklahoma city
- Hiring a management company in Dallas that he knew very well
- They don’t have any vendors and resources in Oklahoma city
[17:25 - 20:20] Closing Segment
- What are your words of wisdom for our listeners?
- “It would help a lot if your management company has a presence there, has been there for a while, and knows the market in the area .”
- Dustin talks about markets that are difficult to break into
- Huston compared to other texas cities
- Make sure to get a management company that has resources and sub-contractors that knows the market in the area
- Different sub-markets could change very quickly
- Final words from me
Tweetable Quotes:
“It would help a lot if your management company has a presence there, or has been there for a while, and knows the market in the area.” - Dustin Miles
“ If there is anything you want to do in life, either you hire a coach or partner up with someone who has already done it.” - Dustin Miles
“Figure out your map and get the right people to help you to reach it.” - Dustin Miles
You can connect with Dustin on LinkedIn, Facebook, and you can also visit the website or email him at dustin@momentummultifamily.com
LEAVE A REVIEW + help someone who wants to learn more from
Are you feeling overwhelmed with Multifamily deal analysis? Are you uncertain about the right investment? Christy is an expert underwriter and mentor and wants help you on your journey! Visit her website at www.ChristyKeeton.com to book a discovery call now.
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