Essential KPIs for Success in Multifamily Investing w/ Greg Butcher

Greg Butcher is an experienced investor in real estate, specializing in multifamily investing and has identified the essential KPIs and Reports needed for proper Asset Management. He began his real estate journey by investing in single-family homes, but after discovering the potential of multifamily real estate and syndications, he decided to expand his knowledge and investment strategy. Nine years ago, Greg joined a multifamily mentoring and educational program, just as he was retiring from active duty. During his first year in the program, he invested as a passive limited partner to learn the ins and outs of underwriting. In 2016, Greg took on a role as a general partner and successfully closed his first deal. With his expertise and dedication to the real estate industry, Greg continues to thrive as an investor in the multifamily market.

Connect with Greg Butcher: https://bit.ly/kpichecklist

TIMESTAMPS:
00:00:00 reimastermind.net
00:02:37 Telework job balanced retirement duties, no distractions.
00:05:44 Leasing KPIs, marketing channels, spend, leads, effectiveness.
00:09:59 Size of profit management company, apartment assets, units, regional properties, overhead support.
00:10:43 Limitations in support from corporate; midsize property management companies provide more support; having in-house maintenance staff is cost-effective; deep accounting department is crucial for renovation projects.
00:14:10 Expensive renovation required deep financial reserves.
00:17:14 Remote work help them find real estate.
00:23:27 Limited tenant issues, varies based on property.
00:26:13 Consider syndication in commercial real estate, self-storage.
00:27:19 KPI report checklist outlines important asset management goals.

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