The Best Ever CRE Show

Matt Kontoff left his successful 30-year career as a software engineer to pursue multifamily syndications just a couple of years ago. Today, he is the principal and founder of Redwing Capital, which focuses on multifamily syndication. He is a GP of 43 units and four duplexes and an LP of over 1,000 doors.    In this episode, Matt discusses why multifamily investors should be interested in the Columbus market right now, how his skills as an engineer have transferred over to deal analysis and asset management, and how he learned firsthand that the devil is in the details.    Matt Kontoff | Real Estate Background Principal and founder of Redwing Capital, which focuses on multifamily syndication. Portfolio: GP of: 43 units Four duplexes LP of: Over 1,100 doors Based in: Acton, MA Say hi to him at: redwingcap.com Facebook LinkedIn Greatest Lesson: Pay attention to the details. Don't assume something to be true until you verify it, especially during due diligence. Join the newsletter for the expert tips & investing content.   Sign up to be a guest on the show. FREE eBook: The Ultimate Guide to Multifamily Deals & Investing Register for this year's Best Ever Conference in Salt Lake City Stay in touch with us! www.bestevercre.com YouTube Facebook LinkedIn Instagram Click here to know more about our sponsors: PassiveInvesting.com | DLP Capital |Reliant Learn more about your ad choices. Visit megaphone.fm/adchoices

Marc Weisi spent his career working in financial markets, starting out in IT and then moving on to trading and portfolio management. Over the last five to six years, he has steadily grown his personal portfolio, eventually transitioning to the multifamily space.   Today, Marc is the principal at Maple Capital Partners, which invests in multifamily commercial assets in class B and C neighborhoods throughout the United States. In this episode, he shares how he and his partner gained experience by raising for other operators and co-sponsoring deals, what he has done to steadily grow his investor network, and what traits he thinks will be most important for investors to succeed in the current economic climate.    “I think it’s going to be the people that are the most creative and the most willing to do what others aren’t in terms of adding value to properties. I think those are the people that are going to get the most deals under contract and do the most in terms of business over the next couple of years here.”    Marc Weisi | Real Estate Background Principal at Maple Capital Partners, which invests in multifamily commercial (5+ units) assets in class B and C neighborhoods throughout the United States. Portfolio: GP of 54 units LP of 93 units Based in: Jersey City, NJ Say hi to him at: investwithmaple.com Facebook Instagram Email: marc@investwithmaple.com Greatest Lesson: Your level of success will be in direct proportion to the strength of your team. Join the newsletter for the expert tips & investing content.   Sign up to be a guest on the show. FREE eBook: The Ultimate Guide to Multifamily Deals & Investing Register for this year's Best Ever Conference in Salt Lake City Stay in touch with us! www.bestevercre.com YouTube Facebook LinkedIn Instagram Click here to know more about our sponsors: PassiveInvesting.com | DLP Capital |Reliant Learn more about your ad choices. Visit megaphone.fm/adchoices

Josh Rothstein is a listing specialist at OnSite Retail Group, a commercial real estate brokerage and development company specializing in retail and restaurants. He has been a commercial realtor for 10 years, and he describes his current role as “playing  matchmaker between buyer and seller or landlord.”    In this episode, he tells us what makes shopping centers succeed (or fail), how urban downtown retailers remained open and survived the pandemic, and tips for how urban core landlords can adapt and fill vacancies post-Covid.    Josh Rothstein | Real Estate Background Listing specialist at OnSite Retail Group, a commercial real estate brokerage and development company specializing in retail and restaurants. Based in: Cincinnati, OH Say hi to him at: onsiteretailgroup.com Instagram Best Ever Book: Cincinnati Enquirer Greatest Lesson: Patience. Join the newsletter for the expert tips & investing content.   Sign up to be a guest on the show. FREE eBook: The Ultimate Guide to Multifamily Deals & Investing Register for this year's Best Ever Conference in Salt Lake City Stay in touch with us! www.bestevercre.com YouTube Facebook LinkedIn Instagram Click here to know more about our sponsors: PassiveInvesting.com | DLP Capital |Reliant Learn more about your ad choices. Visit megaphone.fm/adchoices

How a PowerPoint Helped Launch 4 Businesses ft. Mehdi Khachani   Mehdi Khachani moved to the United States from Morocco in 1999. He and his wife stumbled into real estate seemingly by accident — after moving into a building with unimpressive property management, they decided that they could do a better job. They presented a PowerPoint to the building owners and were promptly hired as the new property managers.    Today, Mehdi is the CEO of the JMK Group, which is a vertically integrated company with a brokerage, contracting, property management, and investment team focused on multifamily syndication. In this episode, he discusses the challenges he and his wife encountered when taking on their first property, why he advises against other investors taking property management in-house, and what practices and tools give them an edge over the competition.    Mehdi Khachani | Real Estate Background Chief executive officer of the JMK Group, which is a vertically integrated company with a brokerage, contracting, property management, and investment team focused on multifamily syndication. Portfolio: GP of 511 units Based in: Miami Beach, FL Say hi to him at: jmkpropertyinvestment.com jmkpropertymanagement.com jmkre.com jmkcontractor.com Facebook LinkedIn Twitter Greatest Lesson: Misfortunes can often lead to blessings. Join the newsletter for the expert tips & investing content.   Sign up to be a guest on the show. FREE eBook: The Ultimate Guide to Multifamily Deals & Investing Register for this year's Best Ever Conference in Salt Lake City Stay in touch with us! www.bestevercre.com YouTube Facebook LinkedIn Instagram Click here to know more about our sponsors: PassiveInvesting.com | DLP Capital |Reliant Learn more about your ad choices. Visit megaphone.fm/adchoices

Rick Hale got his start in real estate in 1996 with a simple goal to sell a few houses and make a living. After his first year, he earned six figures, and after doubling his business by year four, he opened the very first Keller Williams office in Atlanta, GA.    Today, Rick is the operating partner of 12 Keller Williams offices that closed on 12,000 homes in the Atlanta metro area last year. He is preparing to publish his first book and has recently taken on the new title of Chief Energy and Education Officer.    In this episode, Rick shares the challenges he’s faced with finding the right people to help scale his business, the mindset shift that enabled him to prioritize and value his time, and the best practices he personally employs to remain focused, energized, and positive.    Rick Hale | Real Estate Background Opened the first Keller Williams office in Atlanta and now owns 12 brokerages. He is also an author and a limited partner on several commercial deals. Based in: Atlanta, GA Say hi to him at: Email: rick@rickhale.com Join the newsletter for the expert tips & investing content.   Sign up to be a guest on the show. FREE eBook: The Ultimate Guide to Multifamily Deals & Investing Register for this year's Best Ever Conference in Salt Lake City Stay in touch with us! www.bestevercre.com YouTube Facebook LinkedIn Instagram Click here to know more about our sponsors: PassiveInvesting.com | DLP Capital |Reliant Learn more about your ad choices. Visit megaphone.fm/adchoices

Randy Langenderfer is a chief compliance and audit officer at Baylor College of Medicine who began flipping houses with his brother-in-law in 2009. After moving from Cleveland, OH, to Houston for a job opportunity, Randy began to learn about multifamily syndications. His interest was sparked, and he decided to spend a few years learning the intricacies of syndication, underwriting, and the legal aspects of it all.    Today, Randy is the president of InvestArk Properties, LLC, a syndication business focusing on identifying, acquiring, and operating large multifamily properties. In this episode, he tells us what he sees most syndicators miss in terms of due diligence and deal analysis, what it takes to obtain a non-recourse loan, and why outsourcing is the key to scaling, growing, and protecting your time.    Randy Langenderfer | Real Estate Background President at InvestArk Properties, LLC, a syndication business focusing on identifying, acquiring, and operating large multifamily properties. Portfolio: GP of 787 units & recently sold an additional 139 class C units LP of 3,587 units Also works full-time as chief compliance and audit officer at Baylor College of Medicine Based in: Houston, TX Say hi to him at: invest-ark.com LinkedIn Greatest Lesson: The importance of good property management and of joint venturing to expand your business. Join the newsletter for the expert tips & investing content.   Sign up to be a guest on the show. FREE eBook: The Ultimate Guide to Multifamily Deals & Investing Register for this year's Best Ever Conference in Salt Lake City Stay in touch with us! www.bestevercre.com YouTube Facebook LinkedIn Instagram Click here to know more about our sponsors: PassiveInvesting.com | DLP Capital |Reliant Learn more about your ad choices. Visit megaphone.fm/adchoices

Passive Investor Tips is a weekly series hosted by full-time passive investor and Best Ever Show host, Travis Watts. In each bite-sized episode, Travis breaks down passive investor topics, simplifying the philosophy and mindset while providing tactical, valuable information on how to be a passive investor. “Feed your investments so one day they can feed you.”   In this episode, Travis explains how you can dollar-cost average, compound your investments, and build diversified passive income streams in three steps.    1. Create a new bank account.  This could be in your own individual name, the name of a trust, or an LLC. Check with your financial advisor to see what makes the most sense for you. The purpose of this bank account is to exclusively hold the real estate that you’re going to be investing in.    2. Fund the account.  This can be a lump sum that you place in the account on day one, or perhaps you want to move some cash from one account to another after a liquidity event. You could even begin funding the account through your active income. The goal is to save up enough for either the down payment on real estate you plan to purchase or the minimum investment amount if you plan to invest in syndications or private placements.    3. Make an investment that produces passive income or cash flow. With most syndications or private placements, you will likely have the option to have your cash deposited directly into your bank account. If you purchased your own real estate, you can use different apps and software to directly deposit rent payments into your account on a regular basis as well.    Compounding Because you now have distributions from your first deal sitting in your bank account, you can use them to invest in a second deal. As you continue to repeat this process moving forward, it gets easier and easier to invest as your cash continues to compound.   Dollar-Cost Averaging This process is considered dollar-cost averaging because if you do one deal per year, for example, the market is likely to change from year to year. Each time you do an investment, you will inevitably buy at a slightly higher or slightly lower price than the deal before. This way, you can dollar-cost average similarly to how it is done with stocks. Join the newsletter for the expert tips & investing content.   Sign up to be a guest on the show. FREE eBook: The Ultimate Guide to Multifamily Deals & Investing Register for this year's Best Ever Conference in Salt Lake City Stay in touch with us! www.bestevercre.com YouTube Facebook LinkedIn Instagram Click here to know more about our sponsors: PassiveInvesting.com | DLP Capital |Reliant Learn more about your ad choices. Visit megaphone.fm/adchoices

Johnny Nelson started out as a contractor and a mechanical engineer before becoming an investor and fund manager. He was motivated to get into real estate after the death of his father. The experience made him realize that he wanted to be able to pay medical expenses for his family and friends, and he knew achieving financial freedom was the key to making that possible.  Today, Johnny is the principal at Arctos Capital, which focuses on multifamily assets. He is an apartment owner/operator and real estate fund manager. In this episode, Johnny discusses a recent deal where he struggled to raise funds, how that experience motivated him to focus on capital raising and become a fund manager, and what he would have done differently with that deal with the knowledge he has now. Johnny Nelson | Real Estate Background Principal at Arctos Capital, which focuses on multifamily assets. He is an apartment owner/operator and real estate fund manager. Portfolio: GP of 49 units LP of 70 units Based in: Minneapolis, MN Say hi to him at: arctosfund.com LinkedIn Greatest Lesson: Only do things that positively impact a lot of people. Join the newsletter for the expert tips & investing content.   Sign up to be a guest on the show. FREE eBook: The Ultimate Guide to Multifamily Deals & Investing Register for this year's Best Ever Conference in Salt Lake City Stay in touch with us! www.bestevercre.com YouTube Facebook LinkedIn Instagram Click here to know more about our sponsors: PassiveInvesting.com | DLP Capital |Reliant Learn more about your ad choices. Visit megaphone.fm/adchoices

Pete Montgomery got his start in real estate 20 years ago working in property management. He soon realized he had a passion for commercial property management and leasing. Today, Pete is the broker of retail development at CMC Properties, where he specializes in mix-use development. CMC Properties has owned and managed thousands of apartments, offices, and retail stores.    In this episode, Pete discusses why he has his sights set on suburban downtowns, why you should always take the time to introduce yourself to the city manager, when to use a broker to help fill vacancies, and how to qualify those brokers.    Pete Montgomery | Real Estate Background Broker of Retail Development at CMC Properties, which has owned and managed thousands of apartments, offices, and retail stores. When they select a site that they are going to build on, Pete prospects potential commercial tenants. Based in: Edgewood, KY Say hi to him at: cmcproperties.com Facebook Greatest Lesson: Do what you say you are going to do. Fail to deliver and the customer will lose trust in you and your company. Join the newsletter for the expert tips & investing content.   Sign up to be a guest on the show. FREE eBook: The Ultimate Guide to Multifamily Deals & Investing Register for this year's Best Ever Conference in Salt Lake City Stay in touch with us! www.bestevercre.com YouTube Facebook LinkedIn Instagram Click here to know more about our sponsors: PassiveInvesting.com | DLP Capital |Reliant Learn more about your ad choices. Visit megaphone.fm/adchoices

Each week for the Best Ever Round Table, the three Best Ever Show hosts — Ash Patel, Slocomb Reed, and Travis Watts — come together for a deep dive into a commercial real estate investing topic.   In this episode, Ash, Slocomb, and Travis discuss a wide range of game-changing practices that can help entrepreneurs to be more successful. The hosts share their Best Ever advice on morning routines, accountability, productivity, goals, mentoring, coaches, and more.  Join the newsletter for the expert tips & investing content.   Sign up to be a guest on the show. FREE eBook: The Ultimate Guide to Multifamily Deals & Investing Register for this year's Best Ever Conference in Salt Lake City Stay in touch with us! www.bestevercre.com YouTube Facebook LinkedIn Instagram Click here to know more about our sponsors: PassiveInvesting.com | DLP Capital |Reliant Learn more about your ad choices. Visit megaphone.fm/adchoices