117: Stay In Motion: Communication Is Key

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After months of sitting at home with bad haircuts relief is on the way from COVID-19 Places are slowly starting to come back to life There couldn t be a better time to get in the multifamily real estate industry Today I m talking to Michael Becker principal at Strategic Property Investment SPI Advisory LLC He derives stakeholder value through multifamily-focused hands-on asset management and construction oversight Topics on Today s Episode Portfolio Perspective Normal month with not much difference equals success Bad State of Legislation Rent controls eviction restrictions and blocking loans Pay Vacate or Provide Proof How to handle hardship cases Foreseeable Future Money to adjust system means asset price inflation low interest rates Income Inequality Everyone is worried and rightfully so A- and B-Class Housing Will workforce and college students return Operational Changes Focus first on life safety security and collecting rent Liabilities and Loans Understand the risks and reset debt expectations Maintain Relevance and Stay in Motion Plenty of people are ready to buy Links and Resources Mentioned SPI Advisory LLC Old Capital Podcast Multifamily Legacy Podcast Episode 094 Talk is Cheap Show Me the Check The ABC s of Real Estate Investing by Ken McElroy The Advanced Guide to Real Estate Investing by Ken McElroy Fannie Mae Freddie Mac Kahuna Boardroom Early Bird Special is 5 000 Kahuna Investments Deal Room Mastermind Group Copy Your Way to Success Quick Start Workshop Multifamily Legacy Podcast on YouTube Multifamily Legacy Podcast on Facebook Quotes If you re in California New York or some of the more landlord-unfriendly environments it could be a little bit worse Michael Becker We re in the permanently low interest rates environment at least for many years with a ton of money going in the system I don t see any way that the asset prices remain Michael Becker The current prescription to medicine and the pain that we re in economically can do nothing to solve income inequality Michael Becker We re not driving anywhere Let s surf on the net That s where SEO having good Websites having virtual tours that means everything right now Corey Peterson Don t forget to download my Free Workshop Quick Start Video Series and if you like what you have heard please leave a review on iTunes Text the word MONEY to 408-500-1127 to get my free private money program and credibility kit for single family Click here to visit this podcast episode