Elevate with Tyler Chesser - The Real Estate Podcast for Investing, Mindset and Personal Development E270 Omar Khan - Optimize Your Multifamily Investments With Time-Tested Asset Management Tools and Tactics
With many factors affecting the real estate business landscape characterized by wide and rapid fluctuations of market prices and interest rates, it is imperative for multifamily syndicators to be able to adapt to the fast-paced changes so that they can minimize risks and losses and still keep a profit margin. Therefore, as syndicators, we should learn tools, strategies, and techniques that will keep our real estate businesses running at an optimal level in any economic environment.
We are joined today by successful real estate investor and principal of Boardwalk Wealth, Omar Khan, to bring to you the latest issues that challenge multifamily syndicators in today’s inflationary environment. Omar shares how his company responds to the shifts in the economy and government policies that affect the housing markets and how they even raise the bar in multifamily operations. Find out what tools and techniques they use to manage their assets efficiently. Learn what types of loans best suit their current acquisitions. Listen to the end and discover how to turn a good investment into a great one. All these and more in today’s episode so tune in now!
Key Points from This Episode:
- How to join Omar’s mailing list and regularly receive valuable content in your email
- Omar and Tyler talk about inflation, the skyrocketing prices of commodities, and rising interest rates.
- What differences does Omar see in today’s financing of multifamily deals compared to six months ago?
- How does Omar manage and make projections given the constrained yield and loan-to-value brought about by the limited debt service coverage ratios and high-interest rates?
- Where does Omar currently source floating-rate debt for acquisitions?
- Does Omar anticipate compressed yields or an appetite from investors for lower yields?
- How can strategic asset management turn a good investment into a great investment or a poor investment into a good investment?
- Omar emphasizes the importance of having systems, structures, and processes, as well as training your team in strategic asset management.
- What tools and technology does Omar’s company utilize for a more effective and efficient operation?
- Omar shares their expense optimization process and how they manage taxes and insurance.
- Omar talks about their optimal approach to managing renovation schedules.
- How does Omar communicate his vision and business plan to his team and how he sees through the execution of the business plan?
- What is Omar doing differently today versus his process one or two years ago to raise the bar in asset management?
- Omar’s contact information
Tweetables:
"Turn a good investment into a great investment with strategic management." - Tyler Chesser
“This is the time we minimize risk, not enhance your profit.” - Omar Khan
“Balance speed with cost in managing renovation schedule.” - Omar Khan
“90% of success in this field is merely just being organized and showing up on time,” - Omar Khan
“Number one is finding the right people. Number two is standardizing and templating the processes.” - Omar Khan
“You have to let your team take control. If you just show up and do everything, your team can’t do anything. And then when you go away, your team's gonna collapse.” - Omar Khan
Links Mentioned
About Omar Khan
Omar has advised on $3.7 billion in capital financing and M&A transactions, as well as securing $50+ million in equity from private and institutional capital. He is a graduate from the Rotman School of Business (University of Toronto), and a CFA charter holder with 10+ years of investing experience across real estate and commodities. As the principal of Boardwalk Wealth, Omar is primarily responsible for developing strong relationships with private and institutional investors, brokers, and strategic partners. He has closed on over $250 million of assets across TX, GA, FL, and SD.
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This episode of Elevate is brought to you by CF Capital, a national real estate investment firm. CF Capital’s mission is to provide property investment and asset management solutions to help investors like you maximize their returns by investing in high-value multifamily communities.
If you are looking for risk-adjusted alternative investments in quality apartment communities, and are seeking tax optimized cash flow with appreciation upside without all the hassle of management, you might benefit from learning more about investing alongside our team. You’re invited to reach out and learn how you can invest with us by visiting cfcapllc.com.
We’re also currently offering a free ebook called The Bottom Line - 10 Ways to Increase Cash Flow in an Apartment Complex. Whether you’re a new or an experienced investor, we’re confident you’ll find massive value in this resource. Get your free copy today at cfcapllc.com.