Why is Partnering on a Deal Like Getting Married? - Hersh Rai

Multifamily Missteps Hosted by Christy Keeton

You can be the most experienced property manager and not be the “right” manager in the eyes of an investor and that’s okay. All real estate investors have their ideal property manager the same way they have their ideal real estate team and ideal property to acquire. What you should aim for is to stand out in the real estate space, and you can do this by identifying first your “avatar.” By fully knowing who you want to serve, you can craft a message that resonates and attracts the ideal people you want to work with.

[00:01 - 04:59] Opening Segment

• I welcome today’s guest, Hersh Rai
• How to deal with extending closing dates of deals

[05:00 - 13:21] Investor Retention Tips

• Don’t look at the investor’s money
• Should the asset manager also be the manager of the LLC?
• Retain your investors with these real estate tips!

[13:22 - 22:36] The Ideal Property Manager

• How to find the right partner in real estate
• The “turn-offs” of a property manager you should watch out for
• Listen to this football analogy about the property manager

[22:37 - 30:45] Stand Out in Real Estate

• Are you ready for a joint venture?
  • Listen to this advice
• How to stand out in the real estate space
• What to look forward to about multifamily investing

[30:46 - 38:45] Being Tax-Efficient

• Don’t miss our exchange about taxes
• We talk about 1031 Exchanges
• How to determine your ideal returns in a deal

[38:46 - 46:17] Real Estate Development

• How to know if your money is safe in a real estate investment
• Real estate development is not for you if…

[46:18 - 50:45] Closing Segment

• How to call out an “uneducated” prospect without offending them
• Find Hersh at the links below
• Final words

Tweetable Quotes:

“You’ve gotta figure out who your avatar is and then craft a message specific for that avatar.” - Jerome Myers
“Treat everybody with love.” - Jerome Myers

You can connect with Hersh on LinkedIn and check out Veteran Pride Investment Group to learn more about their work.

Learn more about Myers Methods of Multifamily Investing: http://bit.ly/37u6oK3

Register for Myers Methods Multifamily Investing Course: https://bit.ly/37iozkB

Learn more about the Mid-Atlantic Multifamily Conference: https://bit.ly/2V7SlCC

Support the show

Are you feeling overwhelmed with Multifamily deal analysis? Are you uncertain about the right investment? Christy is an expert underwriter and mentor and wants help you on your journey! Visit her website at www.ChristyKeeton.com to book a discovery call now.