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
10% From The Insurance Claim - Chris Lento
I had the pleasure of speaking with Chris Lento today. Chris is the managing member of EM Capital LLC, focusing on acquiring commercial multifamily apartment complexes in markets across the country that exhibit positive growth trends. His passion is helping middle- and low-income families in overcoming housing issues through well-managed and well maintained economic housing.
Let’s jump into this episode and get expert advice from a real estate pro!
[00:01 - 02:19] Opening Segment
- How to get in touch with Chris Lento
- Links below
- Let’s get to know Chris
[02:20 - 10:07] 10% From Insurance Claim
- Chris talks about an eye-opening misstep on plumbing you should hear!
- He talks about his experience on a private insurance investor
- What was his response when two residential properties broke down?
[10:08 - 19:38] With Broker or No Broker?
- Chris talks about their in-place re-piping plans
- An on-call plumber is key
- Here’s another misstep from Chris you should hear
- Chris gives us a tip on when brokers should be called
- He talks about the importance of a good loan agency
[19:39 - 21:14] Closing Segment
- Words of wisdom from Chris
- Final words from me
Tweetable Quotes:
“[If you have problems,] reach out. There’s a lot of nuances and things that could go wrong in multifamily investing but rarely are they new. Someone else had already dealt with that situation.” - Chris Lento
“Check out podcasts. Check out other people’s websites. Call other investors...Just reach out because there’s a lot of solutions out there that maybe you wouldn’t have thought of and it could save you a lot of time and money.” - Chris Lento
Resources Mentioned:
Email Chris at chrislento@emcapitalgroup.com. You can connect with him on LinkedIn, Facebook, and their website.
Learn more about Myers Methods of Multifamily Investing: http://bit.ly/37u6oK3
Register for Myers Methods Multifamily Investing Course: https://bit.ly/37iozkB
Learn more about the Mid-Atlantic Multifamily Conference: https://bit.ly/2V7SlCC
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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