Real Estate Investing in Florida » Property Management

Ep. 247 Jeremy Kloter: Update on the Tampa Bay Area Residential Market

Tim — Mon, 11 Apr 2022 09:00:41 +0000

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Update on the Tampa Bay Area Residential Market

Jeremy Kloter, founder of Out Fast Property Management in Tampa, FL, gives us a window in to the Tampa Bay residential investment market.

Key Discussion Points

[01:01] Introduction by Eric & Steven

[02:54] About our guest: Jeremy Kloter

[04:46] How are you surviving in the market now, and what is your perspective?

[06:49] How are people dealing with this hyper-active market?

[16:33] What CAP rates are you seeing now?

[23:29] How do you see the market evolving, and what should investors be doing?

[37:17] Any last “golden nuggets” you can share on your thoughts about the greater Tampa Bay market?

[39:04] Are you seeing a slowing of heavy cash purchase?

[40:37] How can folks reach you?

[41:24] Closing comments by Eric & Steven

About our Guest

Jeremy Kloter is a marine corps veteran turned broker. He is the founder of Out Fast Property Management, a Tampa Bay property management company that manages residential and multi-family properties. Jeremy has been an investor since 2013. He has been recognized in the Florida Realtor magazine, and he’s a trainer for the Landlord Property Management Academy.

GUEST CONTACT INFO

Facebook / LinkedIn: Jeremy Kloter

Website: OutfastPropertyManagement.com

Cell: 813-610-0015

The post Ep. 247 Jeremy Kloter: Update on the Tampa Bay Area Residential Market appeared first on Real Estate Investing in Florida.

EP. 214 Landrum Randolph: Property Management

Tim — Mon, 19 Oct 2020 09:00:48 +0000

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Property Management

Today we talk with Landrum Randolph about property management and the software he created, called RAAMP, to help with property management. Leases can be complex, and property management can be complex because leases are always different. What’s interesting about RAAMP is that it’s built around the lease, and from that everything else is driven – the accouting, the financial reports, document management, etc… Both Eric Odum and Steven Silverman use RAAMP for their property management needs.

Key Discussion Points

[00:58] Opening remarks by Eric Odum and Steven Silverman

[05:51] About our guest: Landrum Randoph

[06:31] Tell us about the RAAMP property management software you developed, and how you got into the property management business

[08:22] Did you competitors play a role in this niche you tried to fit into?

[09:50] Can your software, RAAMP, deal with types of property that other competitors struggle with?

[10:27] Are there any asset classes that might not be a good fit for RAMMP?

[11:30] What type of property owners is RAMMP best suited for?

[15:00] What are some of the most useful reports RAAMP provides for property managers?

[17:46] Does RAAMP help with document management as well?

[18:54] What upgrades to RAAMP will you be doing within the next year?

[23:29] How can folks get in touch with you?

[24:42] Concluding comments

About our Guest

Landrum (Landy) Randolph has a diverse background including leadership roles in the hospitality and manufacturing industries, complemented by education in graphic design. Landy begin software development through fabrication machines, scripting with an emphasis on program automation, and 3D surfacing. Landy is the founder, CEO, and lead programmer of RAAMP.

CONTACT INFO

Website: raamp.com

The post EP. 214 Landrum Randolph: Property Management appeared first on Real Estate Investing in Florida.

Ep. 195 James Donnelly: Residential Property Management

Tim — Mon, 10 Feb 2020 10:00:33 +0000

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Residential Property Management

With the cap rate compression environment that we’re in right now, it’s more important than ever for multifamily investors to be creative about how they add value in order to increase rents and get a good return on their investment.

In this week’s podcast, we talk with James Donnelly, Founder and CEO of Castle Group, which focuses on residential property management. James discusses the 3 main strategies he employs to add value to his company’s investments and deliver top level services and amenities to a new generation of every more demanding residents.

The 3 main categories James discusses to add value to an investment is:

Traditional value-add – e.g. painting, putting in a new floor, or adding new amenities
Technology – using technology to make you not only more efficient, but also using that as a revenue stream
Better management and service

Join us for this podcast as James gives his investment advice and his take on the multifamily market in Florida.

Key Discussion Points

[04:48] About our guest: James Donnelly

[06:28] How did you get started in Residential Property Management?

[11:29] How did you end up in South Florida?

[14:40] Where do you see the multifamily market going?

[18:36] What cap rates are you seeing around Florida?

[23:27] What are some of the other value-add plays that are emerging right now?

[25:33] What common mistakes do you see property managers or others making?

[31:09] How can folks contact you?

[31:53] Summary of where we are, where we’re headed, & what you would tell someone who’s calling about a deal in Southease Florida

[37:42] Closing remarks by Eric and Steven

About Our Guest

James Donnelly is the Founder and CEO of Castle Group. He has over 30 years of experience serving residential communities in managing residential properties. James is a CPA, general contractor, investor, and prominent speaker in the industry. He is very active in the community and benefactor of numerous philanthropic organizations.

Most recently, James, received the Sun Sentinel’s Excalibur Business Leader of the Year for Broward County as well as the 2019 Terry Stiles South Florida Leadership Award presented by the Greater Fort Lauderdale Chamber of Commerce. He has also been recognized in the South Florida Business Journal as one of Broward County’s Ultimate CEO’s, was inducted in 2014 into the Hall of Fame at Nova Southeastern University’s H. Wayne Huizenga School of Business and Entrepreneurship and was honored by Palm Beach Atlantic University in 2017 on Free Enterprise Day as a Companion Medalist.

Website: castlegroup.com
Phone: 800.337.5850

The post Ep. 195 James Donnelly: Residential Property Management appeared first on Real Estate Investing in Florida.

Ep. 174 Frankie Herrera: Real Estate Success through Listening and Solving Problems

Tim — Mon, 25 Mar 2019 09:00:13 +0000

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Listening vs Talking

When people do business, they are usually always talking and selling. Frankie Herrera, however, takes the opposite approach. Frankie’s strategy is to get in front of the investors and listen in order to understand the problem and then provide a solution that’s mutually beneficial.

KEY TAKEAWAYS FROM THE Q&A:

[13:55] Does Frankie have a specific formula to determine if the property is a good investment?

Frankie does not have a specific formula but instead looks at the big picture. Ultimately, it just has to make sense. Frankie likes to physically be there to see the property and the surrounding area to get a gut feeling as well as to see what the comps are saying.

[18:05] How does Frankie find the people he can help?

In 2014 he bought into a franchise called HomeVestors. For advertising, they do mass mail marketing, TV spots, billboards, and pay-per-click — all on a very large schedule. There are 34 local franchises, and they pool their money together to be the “100 pound gorilla” in the room.

[24:05] How does Frankie acquire capital?

Frankie maintains very clean and understandable books/financials so that banks can look and easily see it’s a good investment. This really helps to get good size lines of credit. They leverage those lines of credit as well as their own money from their property management company.

[30:30] How is the market right now?

It’s hard to read the market so they do a lot of testing. They buy a lot of property and throw it out there wholesale to see how the investors are doing.

[33:20] Any advice for Newbies?

Pay attention and listen to absolutely everything that’s out there. Try to stay in a relatively safe place. Don’t feel like you have to shoot for a home run on your first one. Start hitting singles. Singles turn into doubles and triples, and then your home runs will come. Focus on one thing at a time. Be careful of the amount you will improve a property. You will not be living there, so don’t get wrapped up in too many improvements. Don’t over-improve the property.

About Our Guest

Our guest this week is Frankie Herrera. Frankie has a B.A. in Finance from the University of South Florida. He started his career as a project manager for Volunteers of America Florida in 2006 where he learned building construction. In 2009 he furthered his career by joining Hillsborough County Fire Rescue.

In 2011 he started Partners Associated in Development by Herrera, LLC at HomeVestors – where his team has bought, rehabbed, rented, and sold over 300 properties.

In 2016, he opened up RealVest Florida, LLC – a boutique real estate brokerage. In 2017, he opened up Versant Managmeent Group, LLC – a property management group which manages properties for local investors.

Investor Resources

If you would like to contact Frankie Herrera, you can can reach him at directly at 813-944-3908 or 813-966-9734. Frankie can help you with you with questions about deals, the area, how things are going, looking for a house, property management, retail real estate and investments.

The post Ep. 174 Frankie Herrera: Real Estate Success through Listening and Solving Problems appeared first on Real Estate Investing in Florida.