Ep. 195 James Donnelly: Residential Property Management

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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

2018-James-Donnelly-500px

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

 

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