Ep. 195 James Donnelly: Residential Property Management
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With the cap rate compression environment that we're in right now, it's more important than ever for multifamily investors to be creative about how they add value in order to increase rents and get a good return on their investment.
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In this week's podcast, we talk with James Donnelly, Founder and CEO of Castle Group, which focuses on residential property management. James discusses the 3 main strategies he employs to add value to his company's investments and deliver top level services and amenities to a new generation of every more demanding residents.\\xa0
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The 3 main categories James uses to add value is:
- Traditional value-add - e.g. painting, putting in a new floor, or adding new amenities
- Technology - using technology to make you not only more efficient, but also using that as a revenue stream
- Better management and service
Join us for this podcast as James gives his investment advice and his take on the multifamily market in Florida.
Key Discussion Points
[04:48]\\xa0About our guest: James Donnelly
[06:28]\\xa0How did you get started in Residential Property Management?
[11:29]\\xa0How did you end up in South Florida?
[14:40]\\xa0Where do you see the multifamily market going?
[18:36]\\xa0What cap rates are you seeing around Florida?
[23:27]\\xa0What are some of the other value-add plays that are emerging right now?
[25:33]\\xa0What common mistakes do you see property managers or others making?
[31:09]\\xa0How can folks contact you?
[31:53]\\xa0Summary of where we are, where we're headed, & what you would tell someone who's calling about a deal in Southease Florida
[37:42]\\xa0Closing remarks by Eric and Steven
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