Episode 207 - 2019 National Apartment Association winner Supriya Sriraman

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Imagine winning Best Property in the Country Award by the NAA (National Apartment Association) Yes…that National Apartment Association. Their review looks at thousands of apartment properties in the nation. She won the 2019 award for Independent Rental Owner of Year with less than 250 units. She won on a 52 unit property called The Brix in Dallas. Supriya Sriraman tells you how it was done. She was in the high technology business and transitioned into property ownership and asset management. She keeps a close eye on her and her partners investment. She explains how she is managing her properties through the challenges with rental collections and leasing with the Covid 19 backdrop. She is the Queen of Apartments. She earned it.

To contact Supriya Sriraman: RedbrixPropertyGroup.com

Did you raise money in a syndication to buy real estate? Don’t want to get into trouble? Listen to attorney Gene Trowbridge.

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Gene Trowbridge is a syndication attorney. He helps general partners legally raise money through a Private Placement Memorandums to invest in real estate or other investments.
Gene gives you a breakdown on structuring questions what general partners should be discussing with their syndication attorney. What’s your business plan? Where are the raised funds going to be invested in? How are the distributions going to handled? How much authority will the general partner have in this syndication? It is critical to understand your operating agreement documents and what authority the general partners has. You may want to review those documents…and find out if you are obligated as a limited partner to a “capital call” IF the property does not have available cash flow to pay expenses. This is an in-depth interview with a James “The Professor” Eng and Gene Trowbridge during the Covid 19 crisis.

To contact Gene Trowbridge: http://crowdfundinglawyers.net
To contact James Eng: JEng@oldcapitallending.com

Episode 206 - Chief Economist Greg Willett discusses “When the World Changed and the IMPACT on Apartments”

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Greg Willett, Chief Economist with Real Page, discusses the three phases of action that apartment owners have had to immediately implement: 1) safety for employees and tenants. 2) keeping continuity with the business through virtual leasing tours with a smaller staff and the business office shut down 3) assess the damage and how to mitigate. Greg, chats about tenant retention and the challenges of future rental income growth. He reminds us what happen during the last great recession about 10 years ago. Listen to Greg and learn.

To learn more on RealPage: RealPage.com

Are you interested in learning more about how Multifamily Syndications work? Please visit www.spiadvisory.com to learn more about Michael Becker’s Real Estate Syndication business with SPI Advisory LLC.

UPDATE: Hear it directly from the LENDERS and the APPRAISERS!

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Old Capital had a conference call with hundreds of our borrowers last Friday. They, like you, wanted to know what is going on within the capital markets. How do you underwrite apartment transactions today? What are the new guidelines on replacement reserves? How are values holding up? Is it time to start buying again? We brought together the representatives from Dougherty Mortgage, a large balance Fannie Mae lender and Sabal Capital, a Small Balance Fannie Mae and Freddie Mac lender. We spoke with their representatives on underwriting, asset management and the future of the capital markets with Fannie and Freddie. Listen to this podcast.

To contact Ricardo Hinojosa: RHinojosa@OldCapitalLending.com

Are you interested in learning more about how Multifamily Syndications work? Please visit www.spiadvisory.com to learn more about Michael Becker’s Real Estate Syndication business with SPI Advisory LLC.

Coronavirus Impact on Multifamily- Stimulus Program PPP vs. EIDL

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These are crazy times, huh? The economy went from going 100 miles
an hour… to ZERO. Now, our government is trying to get small business owners back to work. The SBA offers the Paycheck Protection Program (“PPP”) and the Economic Injury Disaster Loan Program (“EIDL”).
What should you know? What are some of the benefits and challenges for both programs? James “The Professor” Eng shares with us the initial overview of both programs.

To watch this video: https://www.youtube.com/watch?v=xPrsYVBCPwM
To contact James Eng: JEng@oldcapitallending.com

Old Capital Bonus Segment: Command Authority with Lane Beene- “In the future, how will the Coronavirus-change us as apartment investors and operators?”

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Lane Beene is with Pilot Properties and owns almost 700 apartment units. This recently retired Lt. Colonel graduated from the US Air Force Academy and flew combat F16’s for over 28 years. Less than 15 years ago, he started with one single family home and turned that into a large multi-million dollar apartment portfolio…all during the time he was serving in the military. He is direct. He is smart. You need to listen to him if you are new to real estate investing.

Lane Beene discusses his insight and vision on what tenants will expect post-Covid 19 pandemic. What can you expect for future rent increases? How will your tenants interact with management, maintenance and other tenants? Ask your tenants, on how they want to be treated. Find out what your tenants expect from their landlord post Covid 19; it will determine how successful you will be on keeping those paying tenants.

To contact Lane Beene: Lane.Beene@pilot-legacy.com

Coronavirus Impact on Multifamily - $2T Stimulus Update and Trammell Crow Lessons Learned from 1989

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Don’t you wish you knew 6 months ago…what you know today?
What would you have done different? Would you do recourse commercial loans? Would you do higher leverage transactions? Would you raise more liquidity? James “The Professor” Eng goes into detail on what lessons commercial real estate investors learned on the last major melt down in 1989. This is a very interesting podcast that you will learn a few key lessons.

To watch this video: https://www.youtube.com/watch?v=FMN3jJZo6GU
To contact James Eng: JEng@oldcapitallending.com