Multifamily Collective Podcast

In this conversation, Mike Brewer interviews Donald Davidoff, the founder and CEO of Real Estate Business Analytics (REBA). They discuss REBAs growth and the importance of building a solid team. Donald shares insights on leadership and the art of asking good questions. They also address the recent lawsuits in the revenue management industry. Finally, they explore the differentiating factors in pricing systems and the role of process in revenue management. In this conversation, Donald discusses various topics related to the multifamily industry, including process constraints, concessions, the use of AI, and more. He emphasizes the importance of understanding AI's limitations and using the right tools for the right problems. Donald also reflects on the multifamily industry and its unique characteristics. TAKEAWAYS Building a solid team is crucial for the success of a company. Leadership involves asking good questions and creating an environment for people to succeed. Claims of collusion in the revenue management industry are unfounded. Process is as important as math in revenue management, especially in an inefficient market like housing. Transparency, efficiency, and addressing special cases are key factors in building a successful pricing system. Process constraints and technical debt can hinder innovation and progress in the multifamily industry. Concessions are here to stay and play a role in the psychology of marketing and leasing. Improving the use of concessions can lead to better outcomes for property owners and managers. AI has the potential to revolutionize the industry, but it is important to understand its limitations and use it appropriately. TIME STAMPS 00:00 Introduction and Company Growth 05:20 Building a Strong Team 06:29 Mix of Veterans and New People 08:11 Leadership and Asking Good Questions 14:16 Collusion and Lawsuits in Revenue Management 23:14 Differentiating Factors in Pricing Systems 29:01 REBA Rent and Compliance with Antitrust Laws 31:20 Importance of Process in Revenue Management 37:55 Process Constraints and Technical Debt 38:24 Concessions Are Here to Stay 39:41 Improving the Use of Concessions 42:52 Reba Rent, Reba BI, and Budgeting Tool 47:04 The Potential of AI in Real Estate 52:02 The Limitations of AI and the Importance of Understanding Tools 58:46 Reflections on the Multifamily Industry Mike Brewer, Donald Davidoff, Real Estate Business Analytics, REBA, multifamily industry, leadership, artificial intelligence, AI, revenue management, pricing systems, concessions, process constraints, technical debt, team building, lawsuits, collusion, transparency, efficiency #RealEstateAnalytics, #MultifamilyGrowth, #LeadershipDevelopment, #TeamBuildingSuccess, #RevenueManagementStrategies, #AIRealEstateInnovation, #ConcessionManagement, #LegalInsightsRE, #PricingSystemInnovation, #ProcessOptimization, #TechnicalDebtRealEstate, #ArtificialIntelligenceImpact, #REBATech, #MultifamilyChallenges, #IndustryCollusionDebate, #RealEstateLeadership, #InnovativePricing, #PropertyManagementTrends, #REBAInsights, #FutureOfMultifamily

🎉 Huge Congratulations to Eric Rafe! 🎉#multifamilycollective I've got a swift yet exciting announcement today! I'm thrilled to congratulate Eric Rafe for being the crowned winner of our first-ever official book giveaway here at the Multifamily Collective. If you're one of our long-time followers, you know how much I treasure the world of reading. Reading has always been a significant part of my life, from blogs to newspapers and, most passionately, books. This opportunity to share a book that has profoundly impacted me feels like sharing a piece of my journey with you. To downsize my extensive library, I'm happy to share several copies of a book with a special place in my heart. Eric, I'm excited to send Amy Cuddy's - Presence your way! Your engagement with our content, especially signing up for our newsletter, means the world to us. To everyone else, stay tuned for more opportunities like this! Your support and engagement fuel our collective journey in the multifamily industry. Don't forget to hit that like button, subscribe for more insightful content, and join us as we explore the depths of the multifamily sector together. Visit multifamilycollective.com for more enriching content and to join our growing community. Remember, liking and subscribing helps us grow and ensures you don't miss out on valuable insights and opportunities within the multifamily sector. Let's connect in real life soon. Until next time, take care and keep reading! #mikebrewer #multifamilycollective #multifamilymentoring #multifamilycoaching #multifamilypodcast #leadership #OpenAi #MultifamilyCollective #BookGiveaway #ReadingIsFundamental #CommunityEngagement #PersonalGrowth #MultifamilyIndustry #MultifamilyCollectiveBookGiveaway

I've discovered a tiny yet powerful truth that could change how you approach your time management. Show me your calendar, and I'll reveal your true priorities. Dive into this transformative approach to ensure your time reflects your genuine values and goals. In today's video, Mike Brewer from MultifamilyCollective.com looks into the philosophy that your calendar mirrors your true priorities in life. This isn't just a catchy phrase; it's a principle Mike lives by, emphasizing the importance of regularly evaluating your commitments. Whether quarterly, semi-annually, or annually, it's crucial to sift through your calendar entries to determine if they add value to your life or others. Are you simply ticking boxes, or are your meetings and tasks contributing to your organization, personal growth, and the well-being of those around you? Mike challenges us to scrutinize our routines and the "sacred cows" of our schedules. He proposes an innovative exercise: let someone else review your calendar. Grant them the liberty to question the purpose and value of each entry. This external perspective can help you cut through the noise and identify what deserves your time. As a call to action, Mike encourages viewers to schedule a time right after watching the video to review their calendar for the current year. Reflect on whether your upcoming commitments truly merit their place in your life. Remember, effective time management is not just about doing more; it's about doing what's meaningful. Let's embark on this journey of intentional scheduling together. Visit us at MultifamilyCollective.com for more insights and strategies to transform your productivity and life. Don't forget to like, subscribe, and hit the notification bell to stay updated with our latest content designed to significantly impact your professional and personal development. time management, productivity, calendar hacks, prioritizing tasks, personal growth, effective scheduling, MultifamilyCollective, Mike Brewer, self-improvement #TimeManagement #ProductivityTips #CalendarHacks #SelfImprovement #MultifamilyCollective #Prioritizing #EffectiveScheduling#mikebrewer #multifamilycollective #multifamilymentoring #multifamilycoaching #multifamilypodcast #leadership #OpenAi

In this insightful episode, we delve into the core needs of a team member in 2024, crucial for anyone leading in the multifamily industry or beyond. Understanding these needs is pivotal for fostering a thriving work environment and ensuring team success. Firstly, the era of a mere supervisor is over. Today, a team requires a leader who is an excellent boss, mentor, and coach. The distinction between a boss and a coach is profound, and we're excited to explore this in future episodes. Secondly, we highlight the significance of engaging in work that resonates personally and professionally. It's not about filling hours with tasks but about contributing to meaningful projects that fulfill and motivate. Lastly, the importance of objective measurement in evaluating performance cannot be overstated. We discuss how clear, fair criteria for assessing work can make all the difference in achieving personal and collective goals. For more insights into creating a positive and productive team environment, visit MultifamilyCollective. Don't forget to like, share, and subscribe for more content designed to empower you and your team. Your support helps us bring more valuable discussions and tips to light. team member needs 2024, good boss vs. coach, meaningful work, objective performance measurement, leadership in multifamily, team success strategies, personal and professional fulfillment, pay for performance, KPIs #TeamMemberNeeds #Leadership #MultifamilySuccess #MeaningfulWork #ObjectiveMeasurement #2024Trends #MultifamilyCollective #mikebrewer #multifamilycollective #multifamilymentoring #multifamilycoaching #multifamilypodcast #leadership #OpenAi

I've stumbled upon the ultimate business mantra for 2024: "Less is More." In a world clamoring with the hashtags #Survive2025 and #FixIn2026, this tiny yet powerful principle stands out, aiming to revolutionize your organizational processes and systems. Let's dig into how to make every aspect of your business leaner, meaner, and more dialed-in. In this insightful video, Mike Brewer from MultifamilyCollective.com breaks down the crucial strategy of embracing efficiency in 2024 through the principle of "Less is More". With a sharp focus on centralization, lean processes, and disciplined routines, Mike provides actionable advice on refining every aspect of your organization - from systems and disciplines to routines and procedures. Discover how to leverage technological advancements and innovative business practices to constantly improve and stay ahead in the competitive market. Mike emphasizes the importance of ownership and accountability in driving financial and operational efficiency by assigning specific responsibilities for each element of your organization, from maintenance to ancillary income. Learn how to scrutinize every contract, renegotiate terms, and streamline processes to ensure every facet of your business contributes to your efficiency goal. Whether you're a leader looking to implement these strategies in daily huddles or annual reviews, this video is your guide to creating a more efficient, productive, and profitable organization in 2024. Dive into the "Less is More" philosophy and transform your business practices for the better. Remember to visit MultifamilyCollective.com for more insights and strategies tailored to the multifamily industry. 👉 Like what you see? Smash that like button, subscribe to our channel, and hit the notification bell to stay updated on our latest videos. Your support helps us bring you more valuable content! efficiency in 2024, less is more, business strategy, organizational processes, lean processes, technology advancements, business practices, operational efficiency, financial efficiency, MultifamilyCollective, Mike Brewer #Efficiency2024 #LessIsMore #BusinessStrategy #OrganizationalEfficiency #LeanProcesses #TechnologyAdvancements #OperationalExcellence #FinancialEfficiency #MultifamilyCollective #MikeBrewer#mikebrewer #multifamilycollective #multifamilymentoring #multifamilycoaching #multifamilypodcast #leadership #OpenAi

I've discovered that the most demanding challenges are the #TinyReps you need to build resilience. Let's dive into how these moments are not hurdles but pathways to growth. In this insightful video, we explore the notion that the most significant challenges we face in life and business are, in fact, the very experiences we need to build resilience and achieve success. Life, as I often say, is a vast educational journey where every obstacle presents a unique opportunity for growth and learning. It's all about reframing your perspective to see difficulties not as barriers but as stepping stones to your goals. We'll discuss how to: Embrace complicated situations as opportunities to learn and grow. Recognize the value of doing the reps necessary to build resilience. Understand the importance of stepping out of your comfort zone to drive innovation and success in life and business. Remember, every challenge you face is a chance to do the reps, build muscle, and become more resilient. So, don't shy away from the hard stuff. Embrace it, learn from it, and let it propel you towards the success you're aiming for. Visit MultifamilyCollective.com for more insights and tips on thriving in the multifamily industry and beyond. 👉 If you found value in this video, please LIKE, SUBSCRIBE, and SHARE with others who might benefit from this perspective. Let's grow stronger together! challenges, resilience, success, learning opportunities, personal growth, business innovation, stepping out of comfort zone, life lessons, personal development Hashtags: #Resilience #PersonalGrowth #BusinessSuccess #LearningOpportunities #LifeChallenges #Innovation #ComfortZone #SuccessMindset #MultifamilyCollective#mikebrewer #multifamilycollective #multifamilymentoring #multifamilycoaching #multifamilypodcast #leadership #OpenAi

Ever wondered how to reset your life and multifamily real estate approach? Dive into the world of #ZeroBasedThinking with me! I've expanded the tiny concept of zero-based budgeting to encompass life. In this insightful video, join me as I explore the transformative concept of zero-based thinking, a strategy traditionally used in budgeting, and apply it to the multifamily real estate sector and personal life as we enter 2024. Zero-based thinking encourages us to disregard past habits and assumptions, instead requiring a fresh, meticulous examination of every decision and action, from budget line items to personal routines like nutrition, physical health, and mental well-being. By adopting a zero-based mindset, we challenge ourselves to reassess every aspect of our lives and operations, seeking out the best opportunities and making informed decisions free from the constraints of past practices. This approach is especially relevant in today's dynamic economic landscape, urging multifamily professionals and individuals to innovate and adapt for success and well-being. I share my journey of applying zero-based thinking to my life and encourage you to consider how this powerful concept can significantly improve your personal health, habits, and even your professional strategy in the multifamily industry. Whether it's reevaluating your investment approach or transforming your daily routines, zero-based thinking offers a path to mindful change and growth. Visit MultifamilyCollective.com to dive deeper into strategies to elevate your multifamily game and enrich your life. If you found this video valuable, don't forget to like, subscribe, and hit the notification bell for more insights into multifamily strategies and personal development. zero-based thinking, zero-based budgeting, personal development, multifamily real estate, lifestyle overhaul, health and wellness, habit transformation, economic adaptation, multifamily industry, investment strategy #ZeroBasedThinking #MultifamilyRealEstate #PersonalDevelopment #LifestyleChange #HealthAndWellness #HabitTransformation #InvestmentStrategy #EconomicAdaptation #MultifamilyCollective #Subscribe#mikebrewer #multifamilycollective #multifamilymentoring #multifamilycoaching #multifamilypodcast #leadership #OpenAi

In this enlightening video, I delve into the diverse needs of multifamily residents, inspired by Jessica Pope's insightful article on resident sentiment and community engagement. I explore the importance of creating a welcoming community that caters to introverts and extroverts, influenced by the perspectives of industry leaders like Barbara Savona, Mike Whaling, and Trevor Park.As I unpack key findings from a recent Satisfact survey, I reveal how different personality types perceive community living. While some thrive on social interactions, others, like myself, seek solace and quiet after a bustling day. This video highlights the need for multifamily communities to offer varied experiences - from vibrant social events to serene, nature-focused spaces for relaxation and solitude.Through this discussion, I emphasize the importance of understanding and serving the diverse preferences of residents, ensuring everyone finds their place in the community. It's a call to rethink how we approach community building in the multifamily industry, recognizing the unique desires of every individual.Remember, whether you're an extrovert who loves community events or an introvert seeking a peaceful retreat, your voice matters in shaping the future of multifamily living. Share your thoughts in the comments, and remember to like, subscribe, and visit  multifamilycollective.com for more insights into the multifamily industry.Multifamily Living, Community Building, Resident Sentiment, Introverts, Extroverts, Multifamily Industry, Satisfact Survey, Jessica Pope, Barbara Savona, Mike Whaling, Trevor Park, Resident Experience, Community Engagement#MultifamilyLiving #CommunityBuilding #IntrovertsInCommunity #ExtrovertsInCommunity #ResidentExperience #MultifamilyIndustry #SatisfactSurvey #JessicaPope #BarbaraSavona #MikeWhaling #TrevorPark #CommunityEngagement #mikebrewer #multifamilycollective #multifamilymentoring #multifamilycoaching #multifamilypodcast #leadership #OpenAi

"I've discovered a tiny gem in the world of coffee, and I'm thrilled to share it with the #MultifamilyCollective community. Join me in sipping Nate's Coffee - Yo Wake Up blend – a journey of walnut and chocolate notes in every cup!" Welcome to another exciting episode at MultifamilyCollective.com, where today's coffee lovers are in for a treat! As a passionate coffee lover, I'm thrilled to share my latest discovery - Nate's Coffee Yo Wake Up blend. This delightful coffee, hailing from Lexington, Kentucky, offers a unique taste experience with its lighter medium roast, walnut and chocolate hints, and intensely fruity undertones. In this video, I unbox this intriguing blend, take a 'sippy sip', and dive deep into its flavors. As an avid nut consumer, I particularly appreciate the walnutty notes in this coffee. Plus, I break away from the norm by brewing it in a Keurig to see how it stands up against the usual acidic aftertaste of mainstream brands. S Spoiler alert: it's impressively smooth and flavorful! I also introduce our exciting plan to rate and review various coffees, starting with Nate's Coffee Yo Wake Up, which earns a 7.2 on my newly devised scale. And guess what? We might even have some coffee giveaways in store for 2024! It is necessary to say that Nate's Coffee isn't a sponsor, but their blend impressed me. This episode is a must-watch for all the coffee lovers and members of our Multifamily Collective community! Don't forget to like, subscribe, and share this video for more coffee adventures and multifamily insights. Visit MultifamilyCollective.com for more engaging content. Nate's Coffee Review, Multifamily Collective, Coffee Tasting, Coffee Reviews, Yo Wake Up Blend, Light Medium Roast Coffee, Walnut Chocolate Coffee, Coffee Unboxing, Coffee Brewing, Keurig Coffee Brewing, Coffee Ratings, Coffee Giveaway 2024, Lexington Kentucky Coffee #NatesCoffeeReview #MultifamilyCollective #CoffeeLovers #YoWakeUp #LightMediumRoast #WalnutChocolateCoffee #CoffeeUnboxing #KeurigBrewing #CoffeeRatings #CoffeeCommunity #LexingtonKentuckyCoffee#mikebrewer #multifamilycollective #multifamilymentoring #multifamilycoaching #multifamilypodcast #leadership #OpenAi

What are you waiting for? It’s time to click like and subscribe to the MultifamilyCollective YouTube Channel. Elevate your intellectual palate, ignite your professional trajectory, and become a thought leader in the multi-family space. This is an invitation to enrich your mind and your career. Go ahead, and make your next click your best click. Thank you for considering this request; your future self will thank you too. In this MultifamilyShort, I share a journal prompt. #mikebrewer #multifamilycollective #multifamilymentoring #multifamilycoaching #multifamilypodcast #leadership #OpenAi