Asset & Construction Management for Apartment Investors with Ashley Wilson

Published: Sept. 26, 2019, 7 a.m.

b"Today you\\u2019ll learn all about the importance of great Asset & Construction Management in Multifamily Syndication investments. Ashley Wilson joins us to teach us about the best way to organize your Asset Management, Construction Management, and Property Management Teams. Ashley and I have partnered on a 225 unit multifamily value add syndication deal, which is underway at the time of recording and publishing of this episode.\\n\\xa0\\nNotable Quotes:\\n\\u201cIn my opinion, you should have someone on the general partnership team run construction management\\u201d\\n\\u201cFor people who are looking to passively invest, you should be very cautious about who the right people are. You need to be sure you're working with good people, you're looking up to good people, and you're getting good information.\\u201d\\n\\u201cThe name of the game is to partner in multifamily.\\u201d\\n\\xa0\\nGet in touch:\\nbardowninvestments@gmail.com\\nwww.Investbardown.com\\xa0\\nhttp://www.houseitlook.com/\\nhouseitlook@gmail.com\\xa0\\nBar Down Investments on Facebook\\nBar Down Investments on Instagram\\n\\xa0\\nOther Multifamily Episodes:\\nGC Turned Investor Teaches His Multifamily Lessons with Chad Hudson\\nMultifamily investing mastery with Vinney Chopra\\nVetting Sponsors and Investing in Multifamily with Jeff Greenberg\\n\\nGuest Bio:\\nAshley Wilson is Co-Founder & Co-Owner of Bar Down Investments, and HouseItLook. Bar Down Investments owns and operates large apartment buildings, and offers opportunities for investors who are looking to passively own real estate. HouseItLook flips primarily higher end homes in the suburbs of Philadelphia, Pennsylvania. Prior to real estate, Ashley worked in Clinical R&D for GSK, Wyeth, and Sanofi-Aventis.\\n\\xa0\\nTranscript:\\n\\xa0\\nAshley Wilson 0:00\\xa0\\nMy opinion you should have someone on the general partnership team run construction management I think a lot of people are not doing this because they don't know someone who knows construction management, knows multifamily and understands the complexity of what we're trying to accomplish.\\n\\xa0\\nTaylor 0:22\\xa0\\nWelcome to passive wealth strategies for busy professionals. Today, our guest is Ashley Wilson, from bar down investments. Today you are going to learn about asset management, construction management and property management of multifamily real estate investments and the critical differences between the three of those the important realities of all of those roles and responsibilities in any multifamily investment.\\xa0\\nWe're just going to cover that topic very thoroughly today actually is an asset and construction manager on multiple multifamily syndications, including one where she and I and a few others partnered to purchase 225 units in Texas.\\nWe're going to talk about that today we're really going to dive deep into this topic, which in my opinion is not covered enough asset management and construction management specifically, people aren't doing it as well as they need to be and Ashley is an expert on both of them.So without further ado, here's the interview. Ashley, thanks for joining us today. I you know, everybody got a little pre chat here before we started recording and a lot of great content. So I couldn't wait to hit record. Thank\\n\\xa0\\nAshley Wilson 1:34\\xa0\\nyou very much for having me.\\n\\xa0\\nTaylor 1:35\\xa0\\nIt's really exciting. So you know, I mentioned a little bit about your experience. Could you you know, give us a fill out that background for us help us understand where you're coming from, and why should we why we should listen.\\n\\xa0\\nAshley Wilson 1:48\\xa0\\nSo approximately 10 years ago, my husband and I purchased a rental property, I don't think we necessarily knew what we were getting ourselves into at the time. But we did purchase a single family rental property we did both short term rentals on that property and long term rentals over the course of the hold.\\xa0\\nFortunately for us, it was in a vacation area. So we experienced firsthand and our first getting our feet wet in real estate, we did actually quite well in that property, which led to another property and al"