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For over a decade, Andrew Cushman has been growing real estate investment businesses full-time. Starting off with single-family properties in the depths of the Great Recession, Andrew completed 27 single-family flips, all of which were profitable. In 2011, he transitioned to the acquisition and repositioning of multifamily properties and now acquires B-class, value-add properties throughout Texas and the Southeast United States. In total, Andrew and his team have acquired and repositioned over 2,000 multifamily units to date and, of course, each one of those units requires property management. In this episode, you will hear Andrew's experience of managing the property manager, from finding and hiring a third-party property management company to the biggest challenge he has faced in working with a property management company, and he also shares his best practices and talks about his asset management superpower. Tune in today!
Key Points From This Episode:
Tweetables:
\\u201cThe wrong management can turn a great deal bad in no time.\\u201d \\u2014 Andrew Cushman [0:03:36]
\\u201cDo the best you can to find out if the people in the [property management] company have created a culture of integrity.\\u201d \\u2014 Andrew Cushman [0:07:39]
\\u201cOur asset management superpower is being able to partner with our third-party management in somewhat of an unusual way, to get everybody on the same team and function as if it was in-house and vertically integrated.\\u201d \\u2014 Andrew Cushman [0:11:52]
Links Mentioned in Today\\u2019s Episode:
Andrew Cushman on BiggerPockets
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