Published: Nov. 3, 2021, 10 a.m.
Michael's Background:
- Michael was a high-net-worth insurance producer for about a decade, really at the top of his game there for a fortune 500 company. He transitioned to multifamily after dabbling into single family real estate, in 2015. He is a GP in over 1400 units and that's $74 million worth of assets, and that's across five states, Texas, Minnesota, Wisconsin, Alabama, New Mexico, and that's all through his group, the Granite Towers Equity Group. He is a co-founder of that group, the PE firm there. And just a couple more things about Michael. He is the co-host of the 'Keeping It Real Estate Show', which I love that name by the way, and the author of the Four Steps To Successful Passive Investing.
In this episode we cover:
- \xa004:02 - Operating/owning across multiple states
- \xa007:08 - Sizing up a PM group to fit your needs
- \xa010:47 - Divorcing a PM
- \xa014:07 - Homerun boots on the ground teams
- \xa020:57 - Remote calls on property performance
- \xa023:08 - Favorite KPIs to track a property's performance
- \xa029:12 - 5KQ1 - If you could only pick one trait that explains your success, what is that trait and why?
- \xa029:43 - 5KQ2 - What is the most uncharacteristic thing you've done in your business and why did you do it?
- \xa030:29 - 5KQ3 - Can you name any time where you felt like you were not going to end up successful? How did you overcome that fear?
- \xa031:31 - 5KQ4 - Can you name a time where something in your business went perfectly and what did you do to make that a reality?
- \xa032:46 - 5KQ5 - What have you been focusing on lately to improve yourself or your business?
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*****Thank you so much for listening to the Making Money in Multifamily Real Estate Show! This show covers everything to do with Multifamily Real Estate Investing to help you, the listener, become an expert in your real estate ventures. The host, Dave Morgia, brings on guests who are already experts in their respective fields to discuss what principles and practices they follow that have helped them achieve their success so far.