The Multifamily Wealth Podcast

In this episode, I discuss our 2023 goals and how I defined the types of units we're looking to buy. I also discuss why an investor should specifically define the types of units they want to buy, including:The specific marketThe class of assetWhat percentage of ownership you'll haveThe complexity of the business planLooking forward to bringing more value to this pod in 2023 - thank you all for a great year!Struggling to find good multifamily deals? Looking to close deals with less of your own money? Want to operate like the pros and maximize the cash flow of your assets? Join The Multifamily Wealth Community, where we help multifamily investors start, build, and scale their businesses… specifically, those looking to grow from 1-10 units to 250+ units.Are you looking to invest in real estate but don't want to deal with the hassle of finding great deals, signing on debt, and managing tenants? Aligned Real Estate Partners partners with passive investors looking for the returns, stability, and tax benefits investing in real estate offers, but not the work - join our investor club to be notified of future investment opportunities.Connect with Axel:Follow him on InstagramConnect with him on LinkedinLearn more about Aligned Real Estate Partners

I oftentimes receive the following questions from passive investors, active investors, people online, etc:What is a real estate syndication?What is a preferred return, and what is a GP/LP split?How do people get paid in a real estate syndication?In this episode, I provide a fundamental explanation of real estate syndications and share the most common structure behind syndicated real estate deals.Struggling to find good multifamily deals? Looking to close deals with less of your own money? Want to operate like the pros and maximize the cash flow of your assets? Join The Multifamily Wealth Community, where we help multifamily investors start, build, and scale their businesses… specifically, those looking to grow from 1-10 units to 250+ units.Are you looking to invest in real estate but don't want to deal with the hassle of finding great deals, signing on debt, and managing tenants? Aligned Real Estate Partners partners with passive investors looking for the returns, stability, and tax benefits investing in real estate offers, but not the work - join our investor club to be notified of future investment opportunities.Connect with Axel:Follow him on InstagramConnect with him on LinkedinLearn more about Aligned Real Estate Partners

 This is a lesson that took me too long to learn... and something I'm constantly thinking about as we enter new markets, forge new relationships, and work with new vendors.It's important to keep this in mind, especially as we enter a recessionary environment where inexperienced vendors are cutting prices to gain business.Struggling to find good multifamily deals? Looking to close deals with less of your own money? Want to operate like the pros and maximize the cash flow of your assets? Join The Multifamily Wealth Community, where we help multifamily investors start, build, and scale their businesses… specifically, those looking to grow from 1-10 units to 250+ units.Are you looking to invest in real estate but don't want to deal with the hassle of finding great deals, signing on debt, and managing tenants? Aligned Real Estate Partners partners with passive investors looking for the returns, stability, and tax benefits investing in real estate offers, but not the work - join our investor club to be notified of future investment opportunities.Connect with Axel:Follow him on InstagramConnect with him on LinkedinLearn more about Aligned Real Estate Partners

I'm very excited to announce the release of our first educational resource! If you are a multifamily investor who is:- Sick of competing with other buyers or waiting for brokers to send you deals- Looking to scale your business and more rapidly grow your portfolio- Mitigate your downside risk while investing amidst market uncertainty- And ultimately looking to build a robust pipeline of discounted, off-market multifamily dealsthen you'll find a TON of value in our "Off-Market Multifamily Deals" course! Consisting of over 50 lessons, 10 hours of content, and numerous downloadable resources and templates, this course shows you- How to develop your acquisition criteria, where you can buy the best data, and how to build niche data lists- EXACTLY how you can differentiate yourselves from other investors through specialized marketing/prospecting tactics- How to efficiently network with brokers, service providers, investors, and deal-finders so other people are consistently bringing YOU deals- How you need to think about direct-to-seller marketing/prospecting and the critical mindset shifts you need to make to achieve the highest return on our marketing spend/time investmentStruggling to find good multifamily deals? Looking to close deals with less of your own money? Want to operate like the pros and maximize the cash flow of your assets? Join The Multifamily Wealth Community, where we help multifamily investors start, build, and scale their businesses… specifically, those looking to grow from 1-10 units to 250+ units.Are you looking to invest in real estate but don't want to deal with the hassle of finding great deals, signing on debt, and managing tenants? Aligned Real Estate Partners partners with passive investors looking for the returns, stability, and tax benefits investing in real estate offers, but not the work - join our investor club to be notified of future investment opportunities.Connect with Axel:Follow him on InstagramConnect with him on LinkedinLearn more about Aligned Real Estate Partners

It's crazy how few investors use this metric! Listen to this episode if you want to quickly assess how good a prospective multifamily deal is.Struggling to find good multifamily deals? Looking to close deals with less of your own money? Want to operate like the pros and maximize the cash flow of your assets? Join The Multifamily Wealth Community, where we help multifamily investors start, build, and scale their businesses… specifically, those looking to grow from 1-10 units to 250+ units.Are you looking to invest in real estate but don't want to deal with the hassle of finding great deals, signing on debt, and managing tenants? Aligned Real Estate Partners partners with passive investors looking for the returns, stability, and tax benefits investing in real estate offers, but not the work - join our investor club to be notified of future investment opportunities.Connect with Axel:Follow him on InstagramConnect with him on LinkedinLearn more about Aligned Real Estate Partners

If you're unsure of how to underwrite deals or invest at this point in the cycle, give this episode a listen. We're implementing these changes in our business to help us conservatively invest amidst the current market uncertainty.Struggling to find good multifamily deals? Looking to close deals with less of your own money? Want to operate like the pros and maximize the cash flow of your assets? Join The Multifamily Wealth Community, where we help multifamily investors start, build, and scale their businesses… specifically, those looking to grow from 1-10 units to 250+ units.Are you looking to invest in real estate but don't want to deal with the hassle of finding great deals, signing on debt, and managing tenants? Aligned Real Estate Partners partners with passive investors looking for the returns, stability, and tax benefits investing in real estate offers, but not the work - join our investor club to be notified of future investment opportunities.Connect with Axel:Follow him on InstagramConnect with him on LinkedinLearn more about Aligned Real Estate Partners

In this week's solo episode, I share 5 steps you can take in your business over the next 30 days if you want to begin raising investor capital for your deals.Struggling to find good multifamily deals? Looking to close deals with less of your own money? Want to operate like the pros and maximize the cash flow of your assets? Join The Multifamily Wealth Community, where we help multifamily investors start, build, and scale their businesses… specifically, those looking to grow from 1-10 units to 250+ units.Are you looking to invest in real estate but don't want to deal with the hassle of finding great deals, signing on debt, and managing tenants? Aligned Real Estate Partners partners with passive investors looking for the returns, stability, and tax benefits investing in real estate offers, but not the work - join our investor club to be notified of future investment opportunities.Connect with Axel:Follow him on InstagramConnect with him on LinkedinLearn more about Aligned Real Estate Partners

I had a great conversation this week with Robert Ritzenthaler, President and CEO of REM Capital. Robert has an interesting story... growing up in the DFW area he was exposed to construction at an early age, as his dad ran a construction business. When he went to school, he studied finance and began his career on Wall Street. After the market crash in 2000, he got into commercial real estate and joined an NYC-based commercial real estate firm where he leveraged his experience in construction and finance to help grow the company's portfolio. He then decided to start his own firm, REM Capital, where he and his team have acquired over $300M in multifamily real estate.I wanted to focus this episode on operations and how Robert has vertically integrated management/construction into his business, despite investing in multiple different geographical locations. We also discuss how he is approaching underwriting given the volatility in the interest rate markets. Robert also shares what he describes as his superpower, which is relentlessly asking questions - he credits this trait to advancing in his career more quickly.Struggling to find good multifamily deals? Looking to close deals with less of your own money? Want to operate like the pros and maximize the cash flow of your assets? Join The Multifamily Wealth Community, where we help multifamily investors start, build, and scale their businesses… specifically, those looking to grow from 1-10 units to 250+ units.Are you looking to invest in real estate but don't want to deal with the hassle of finding great deals, signing on debt, and managing tenants? Aligned Real Estate Partners partners with passive investors looking for the returns, stability, and tax benefits investing in real estate offers, but not the work - join our investor club to be notified of future investment opportunities.Show notes: How Robert became exposed to the construction businessWhat Robert learned from large organizations and how he used these insights to build his ownWe discuss the book "Traction" and how his team implements the strategies discussed in itRobert elaborates on how his diverse background gave him a competitive advantage in the RE businessWe learn how asking tons of questions and taking notes can rapidly grow your skills/careerRobert discussed how they operate and what types of deals they're looking atHow Robert built his business infrastructure given the geographical challenges they faceWe talk about how underwriting deals has become challenging and how he is looking at deals at this point in the cycleThe key to quickly growing a portfolio (and organization)The advice Robert would give his younger selfRobert talks about his most significant business-related failure and what he learned from themRobert discusses his vision for the next 6 to 12 months and gives tips to the audienceConnect with Robert:robert@remcapital.comConnect with Axel:Follow him on InstagramConnect with him on LinkedinLearn more about Aligned Real Estate Partners

In this solo episode, I talk about how we no longer acquire properties with average rents under $1,000/unit. That said, I'm not saying that no investors should invest in deals with lower average rents, just sharing what we've learned in our business when doing these types of deals.Struggling to find good multifamily deals? Looking to close deals with less of your own money? Want to operate like the pros and maximize the cash flow of your assets? Join The Multifamily Wealth Community, where we help multifamily investors start, build, and scale their businesses… specifically, those looking to grow from 1-10 units to 250+ units.Are you looking to invest in real estate but don't want to deal with the hassle of finding great deals, signing on debt, and managing tenants? Aligned Real Estate Partners partners with passive investors looking for the returns, stability, and tax benefits investing in real estate offers, but not the work - join our investor club to be notified of future investment opportunities.Connect with Axel:Follow him on InstagramConnect with him on LinkedinLearn more about Aligned Real Estate Partners

In this week's episode, I'm bringing back Peter Lohmann, CEO of RL Property Management, based in Columbus, OH. Peter is a former engineer, expert systems/process builder, and one of the brightest minds in the property management industry. He is also really active on Twitter, where he shares loads of insights related to property management, asset management, and small business ownership.In this episode, I wanted to do a deep dive into operations - the multifamily investors who operate well throughout the next 12-24 months will be the ones who thrive amidst market uncertainty. We discuss the differences between asset management and property management, how to dial in your leasing process, and general tips for owners who want to get the most productivity out of their management company.Struggling to find good multifamily deals? Looking to close deals with less of your own money? Want to operate like the pros and maximize the cash flow of your assets? Join The Multifamily Wealth Community, where we help multifamily investors start, build, and scale their businesses… specifically, those looking to grow from 1-10 units to 250+ units.Are you looking to invest in real estate but don't want to deal with the hassle of finding great deals, signing on debt, and managing tenants? Aligned Real Estate Partners partners with passive investors looking for the returns, stability, and tax benefits investing in real estate offers, but not the work - join our investor club to be notified of future investment opportunities.Show notes:-How Peter got into property management-We talk about starting a property management company-We discuss typical reasons why people are upset with their current management company-We learn how Peter arrived at his firm's pricing model (it's unique!)-Peter shares the traits that he believes separate great investors from average investors, based on his experience being a PM-We discuss the different parts of the leasing process (arguably the most important component of operations)-Peter talks about how investors can dial in their leasing process-We discuss the difference between self-managing properties and big property management company-We learn more about tenant retention and how to lengthen the stay of an average tenant - critical!CONNECT WITH PETERhttps://rlpmg.com/ https://twitter.com/pslohmann?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthorhttps://www.peterlohmann.com/Connect with Axel:Follow him on InstagramConnect with him on LinkedinLearn more about Aligned Real Estate Partners