Stalled at 50% Occupancy - Kyle Jones

Doing your due diligence is one of the best ways to succeed in real estate investing. We need to remind ourselves that it takes hard work to win in this industry. Our guest for today definitely learned that the hard way.

Kyle Jones, Co-Founder and Key Principal of TruePoint Capital, LLC shares this story of how they lost 50% occupancy in a property, which caught them by surprise. It led him to take several key steps to avoid this misstep. What are these steps and can you apply them to your investing strategies?

Let's dive into Kyle’s story and get expert advice on real estate investing. 

[00:01 – 08:30] Opening Segment

• Kyle Jones talks about his background and how his journey in real estate began
• He shares some secret sauce you’d not want to miss!

[08:31 – 16:33] Stalled at 50% Occupancy

• Kyle talks about how they lost 50% of occupancy in one of their properties
  • Lack of necessary information
  • Misalignment of goals with the property manager 
• He shares how you can keep the confidence of your investors despite difficulties in the business
• Learn our four-step process to enter the multifamily business on Myers Methods

[16:34 – 23:35] Due Diligence  

• Kyle shares some criteria in looking for a property manager
• He talks about the steps he’d take to avoid the multifamily misstep they experienced

 [23:36 – 29:41] Closing Segment

• Kyle shares some words of wisdom you might want to hear!
  • Stick to your standards
  • Do your homework
• Final words from Kyle
  • It’s not always sunshine and rainbows in our business

Tweetable Quotes:

“Keep your head on straight...make sure that your sights are focused on the fact that [your business] is a long-term play.” – Kyle Jones

“You can’t control people...just make sure you understand what you’re getting into.” – Kyle Jones

Email Kyle on kjones@truepointcap.com or call him at+1-832-247-2570. You can also follow him on LinkedIn and listen to his podcast. Visit their company’s website online and check them out on LinkedIn. You can also call them directly at 832-247-2570

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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!