Multifamily Collective Podcast

Today's episode is brought to you by TheGurantors. Chasing down residents who don't pay their rent is taxing enough. Did you know you could offset the risk of renter default? Meet TheGuarantors. They’ll requalify your applicants and insure their rent. If the resident doesn't pay, you still get paid. www.TheGuarantors.com/Multifamily today! Questions - Are you in the calm before the storm, or perhaps the eye of the hurricane? This video will explore a powerful metaphor to help you and your team. Grab a pen and paper, and let's dive in. If you're driving, listen and reflect. Here's a set of questions to guide you through this exercise: 1 Who Are You in the Storm? 2 How have you navigated the initial challenges, and where do you stand now? 3 What Support Do You Need? 4 What Does Your Team Need? 5 What support systems can you implement to help them through this transition? Additional Considerations: 1 Storytelling for Alignment: Share powerful metaphors and stories to unify and motivate your team. What narratives will help them prepare for the future? 2 Intentions and Actions: Set clear intentions. Whether it's restructuring, growth, or improving processes, define your goals and the steps to achieve them. 3 Opportunities Amidst Adversity: Every storm brings opportunities for renewal and growth. What positive changes can emerge from the current challenges? 4 Understanding the Demons: Identify the core issues impacting your organization. What steps can you take to address and eliminate these obstacles? You'll be better equipped to lead your team through any storm by answering these questions and reflecting on this metaphor. Stay focused, stay prepared, and let's embrace the opportunities ahead. Like, subscribe, and let's navigate these challenges together! #Leadership #Multifamily #CrisisManagement #TeamSupport #BusinessStrategy #PropTech #GrowthMindset #OpportunityInAdversity#mikebrewer #multifamilycollective #multifamilymentoring #multifamilycoaching #multifamilypodcast #leadership #OpenAi #multifamilymedianetwork

This episode is brought to you by Widewail. The team at Widewail has one more Voice of the Resident live event for you. This is it, the last one. On June 6th, at 3 p.m. EST, they’ll discuss everything resident reviews have to teach us about retention trends. The 45-minute live session will be based on research from 400,000 Google reviews, providing data-backed answers to common questions: Does investing in parking reduce turnover? If our amenities don’t meet expectations, does that cause renewal problems? We know maintenance impacts retention. But by exactly how much? Using AI topic and sentiment analysis, Widewail’s identified the trends driving positive and negative retention outcomes. Sign up at widewail.com/data. That’s Thursday, June 6th at 3pm. www.widewail.com/data In today's episode, I discuss how curiosity is a game-changer, especially in business coaching. It elevates the entire experience, making interactions more engaging and productive. When both the coach and the person being coached embrace curiosity, the results can be extraordinary. Here are three powerful ways curiosity can transform your coaching approach: 1. Uncover Hidden Opportunities: Curiosity helps unearth insights and opportunities that were previously hidden. You can reveal valuable ideas and solutions that propel your business and personal growth by asking thoughtful questions. 2 Boost Creative Thinking: Creative thinking strengthens with use like a muscle. Curiosity stimulates the mind, turning everyday observations into innovative ideas that benefit you and your organization. 3 Strengthen Relationships: Curiosity fosters deeper connections. When you show genuine interest in others, it builds trust and strong bonds, creating a supportive and collaborative environment. Embrace curiosity in all aspects of your coaching and witness the transformation. Like, subscribe, and let's unlock greatness together! #BusinessCoaching #Curiosity #LeadershipDevelopment #CreativeThinking #TeamBuilding #PropTech #MultifamilyLeadership#mikebrewer #multifamilycollective #multifamilymentoring #multifamilycoaching #multifamilypodcast #leadership #OpenAi #multifamilymedianetwork

Today's message is brought to you by TheGurantors. Facing rising renter fraud? Don’t let fraudulent applications compromise your financial stability. TheGuarantors provide a safety net that protects your rent roll and minimizes bad debt. Why risk it? Talk to TheGuarantors and secure your property’s financial health. Visit www.TheGuarantors.com/Multifamily today! In this video, I dive into a topic often avoided in the business world: vulnerability. For many, vulnerability, especially in leadership, is seen as a sign of weakness. But is that belief really serving you and your organization well? Here are my three essential tips for embracing vulnerability as a leader: 1 Be Authentic: Embrace your true self and get comfortable with discomfort. Authenticity in the workplace fosters genuine connections. 2 Build Trust: Show your team that you're human too. Vulnerability builds trust and encourages your team to engage more deeply. 3 Fuel Collaboration: A culture of openness and authenticity leads to richer collaboration and a stronger, united purpose within your organization. Ready to transform your leadership style? Start by being vulnerable today. Like, subscribe, and let's continue this journey together! #Leadership #Vulnerability #AuthenticLeadership #TrustInTheWorkplace #TeamCollaboration #BusinessGrowth #PropTech #MultifamilyLeadership#mikebrewer #multifamilycollective #multifamilymentoring #multifamilycoaching #multifamilypodcast #leadership #OpenAi #multifamilymedianetwork

Navigating Multifamily Challenges: Don't Hit the Wall! My stepfather was passionate about restoring muscle cars when I was a kid. We lived on some acreage, and the back half of the land was filled with several waiting to be revived. His dedication to these cars taught me a valuable lesson: where you focus your attention is where you'll end up. This principle isn't just for driving or car restoration—it's vital in navigating today's multifamily market. It's easy to fixate on the rising costs impacting our P&L statements in our current economic climate. Labor, goods, and services are all becoming more expensive, and rents are stabilizing at more typical growth rates. We risk steering our operations into trouble if we constantly focus on these stresses. Instead, we must set clear targets and identify cost savings and revenue growth opportunities. Don't let the pressures lead you astray. Focus on where you want to go, not the obstacles. We can navigate through these challenging times successfully by looking for ways to enhance revenue and control costs. If you found this advice helpful, please like, subscribe, and stay tuned for more insights on thriving in the multifamily space. Take care, and we'll talk again soon. #Multifamily #PropTech #Leadership #EconomicChallenges #RevenueGrowth #CostManagement#mikebrewer #multifamilycollective #multifamilymentoring #multifamilycoaching #multifamilypodcast #leadership #OpenAi #multifamilymedianetwork

In this episode, Mike interviews the insightful Ellie Perlman, a leading figure in the multifamily space. Ellie shares her expertise on market stability, investment strategies, and the future of real estate, offering valuable perspectives for both seasoned investors and newcomers. Ellie discusses the current market's unpredictability, the importance of understanding interest rates and rent growth, and how AI technology impacts real estate underwriting and asset management. She also emphasizes the significance of due diligence, structuring deals for success, and the advantages of multifamily investments. Ellie's journey from humble beginnings to becoming a multifamily real estate leader is truly inspiring. She highlights the importance of education, resilience, and strategic risk-taking in building a successful real estate career. This episode is a must-watch if you want to learn how to invest smarter and navigate the multifamily market effectively. For more insights and resources, visit multifamilymedianetwork.com. multifamily real estate, real estate investing, market analysis, investment strategies, real estate trends, AI in real estate, wealth building, Blue Lake Capital, PropTech, leadership Hashtags: #MultifamilyRealEstate #PropTech #RealEstateInvesting #MarketAnalysis #InvestmentStrategies #Leadership #RealEstateTrends #AIinRealEstate #WealthBuilding #BlueLakeCapital

In this video, I discuss a common misconception about the multifamily industry: centralization. I was inspired by a riveting debate between Moshe Crane and Michael DiMella during a live LinkedIn event hosted by Chris Arnold. Here's why the term "centralization" is misapplied and what we should focus on instead. Centralization, by definition, is about command and control, concentrating decision-making power in the hands of a few. This is far from what we're aiming for in the multifamily space. What we're really discussing is organizational design. This involves optimizing roles, responsibilities, and processes, often utilizing technology to enhance efficiency. Revenue management systems like LRO exemplify this shift. While some argue for guardrails, the essence is in how these systems distribute labor and manage tasks—often through AI. Imagine AI not just assigning tasks but dynamically orchestrating every move based on real-time data. This isn't just futuristic; it's happening now. The key takeaway? Let's redefine our vocabulary. Move away from "centralization" and embrace "organizational design." This shift in terminology aligns better with our goals and helps us communicate more effectively within our industry. 👉 Don't forget to like, subscribe, and hit the notification bell to stay updated on all things multifamily and PropTech. Let's rethink, redesign, and revolutionize our approach together! #Multifamily #PropTech #Leadership #OrganizationalDesign #AI #RevenueManagement #Innovation #RealEstateTrends #FutureOfWork #TechInRealEstate #mikebrewer #multifamilycollective #multifamilymentoring #multifamilycoaching #multifamilypodcast #leadership #OpenAi #multifamilymedianetwork

Welcome back to another episode of the Multifam Collective! Today, we are talking about the impact of AI and centralization on business hierarchy. Imagine a future where the traditional business structure is entirely reimagined. This isn't just a slight shift—it's a monumental change we haven't seen in decades. AI is set to revolutionize how we govern our businesses, replacing the old command-and-control hierarchies designed for manufacturing efficiency. The new wave will favor flatter organizations, minimizing human touch where possible to cut costs and streamline processes without sacrificing the consumer or team member experience. Picture billion-dollar companies run by just a handful of people leveraging technology to its fullest potential. How do you think this shift will shape the future of your business? Let's discuss it! 👉 Don't forget to like, subscribe, and hit the notification bell for more insights into the future of multifamily and PropTech. #Multifamily #PropTech #AIinBusiness #BusinessTransformation #Leadership #FutureOfWork #Innovation #BusinessHierarchy #Technology#mikebrewer #multifamilycollective #multifamilymentoring #multifamilycoaching #multifamilypodcast #leadership #OpenAi #multifamilymedianetwork

Hey there! Have you ever thought of yourself as a business coach? Whether you hold a leadership title or are active in your community, you play a coaching role. The influence you have on shaping skills and character in others. In this video, I share a coaching principle: everyone has a choice in any relationship, whether business, coaching, or community-based. Your role is to provide the opportunity for growth but remember, they must choose to embrace it. Acknowledging this choice deepens loyalty and trust, forming the foundation for a long-lasting, impactful relationship. I also stress the importance of leading by example. Your actions speak louder than words. Consistently demonstrating good character, discipline, and sound decision-making based on core values will cement your influence over time. Join us as we explore how to effectively lead and coach others, ensuring you make a positive and lasting impact on those around you. Don't forget to like, subscribe, and hit the notification bell to stay updated with more insightful content! #BusinessCoach #Leadership #CommunityInfluence #PropTech #MultifamilyLeadership #PersonalGrowth #ProfessionalDevelopment #MikeBrewer#mikebrewer #multifamilycollective #multifamilymentoring #multifamilycoaching #multifamilypodcast #leadership #OpenAi #multifamilymedianetwork

How Your Past Successes Can Hinder Future Growth Let's dive into the theme of coaching this week on Multi-Family Collective. Today, I want to share how your past successes might actually impede your future growth. Let's rewind to the mid-80s when I was in junior high, playing basketball. One game, I scored over 20 points, grabbed numerous rebounds, and felt on top of the world. I assumed I'd easily replicate this success in the next game. Instead, I was nearly scoreless. My coach pointed out that I was trying to force the game, relying too much on past success. This lesson is crucial: your past achievements don't guarantee future success. While you gain skills from past victories, each new challenge comes with different variables. Relying solely on past successes without adapting to new circumstances can hinder your growth. Continuously improve your mindset and skills. Treat every situation as an opportunity for growth and don't rest on your laurels. Actively seek new challenges to sharpen your abilities and develop your character. Break free from the notion that past success ensures future victory. Instead, focus on constant improvement and learning. Embrace new challenges, and become a better version of yourself every day. Call to Action: If you found this insightful, please like and subscribe for more valuable content! #multifamilyconference #Leadership #PropTech #ContinuousImprovement #GrowthMindset #SuccessTips #Coaching #PersonalDevelopment#mikebrewer #multifamilycollective #multifamilymentoring #multifamilycoaching #multifamilypodcast #leadership #OpenAi #multifamilymedianetwork

Unlocking the Secret to Effective Coaching: Embrace the Fear of Loss Are you a coach, either professionally or personally? If so, you’ve likely encountered the resistance that comes with guiding someone towards change. This resistance, rooted in the fear of loss, is universal across all industries and environments. In this video, Mike dives into the core principle of coaching—overcoming the fear of losing self. He explains how effective coaching is less about giving directives and more about facilitating a collaborative journey of self-discovery. As a coach, your role is to guide individuals through the discomfort of letting go of their current identity, behaviors, and routines to foster growth and transformation. Mike highlights three key strategies: Understand the Fear: Recognize that resistance is a natural fear of losing one’s established self. Honor the Fear: Acknowledge and respect this fear, helping coachees see the potential benefits of letting go. Foster Trust: Build deeper connections by supporting coachees through their vulnerable moments, enhancing trust in both you and the process. By embracing these strategies, you can help others navigate the challenging yet rewarding path of personal transformation. Like, subscribe, and join us as we explore more insights into effective coaching. #CoachingLeadership #PersonalGrowth #TransformationJourney #SelfDiscovery #PropTech #MultifamilyLeadership #EffectiveCoaching #TrustBuilding#mikebrewer #multifamilycollective #multifamilymentoring #multifamilycoaching #multifamilypodcast #leadership #OpenAi #multifamilymedianetwork