Join Josh Appelman as he shares insights into revitalizing multifamily properties through strategic repositioning and hands-on management. Discover how his team targets distressed assets, implements extensive renovations, and achieves sustainable growth in competitive markets like Cincinnati and Dayton. From overcoming challenges with property management to enhancing tenant retention through superior service, Josh discusses the meticulous approach that propels his portfolio towards long-term success.

00:00 00:22 Introducing our guest: Josh Appelman 03:15 Self management or Third party management? 05:30 Finding the right people? 08:26 You've got to have competent people. 09:00 The importance of setting goals 11:21 Ways to increase income in multifamily 14:52 Pets, Pets, Pets! 16:19 It's crucial to constantly monitor your expenses! 23:43 It boils down to service 26:47 Confidence comes from competence 32:24 2025 Multifamily and economy Outlook 33:45 Taxes and Insurance - We're all hurting! 40:20 Advice to your younger self.

Company: Appelman Capital Appelmancapital.com FB: Josh E. Appelman

In this episode of the Apartments Operators Podcast, our hose, Joseph Gozlan, is joined by Steven Weinstock, a very experienced multifamily operator that brings a perspective of an investor/operator spanning across two full cycles! Steven owned anything from small 2-4 units properties to large apartment communities and shares his experience over the last couple of decades and his insights about where the market is going in 2024.

00:00 01:34 How Steven got started investing in real estate 02:50 Why Steven chose self manage 04:28 Setting up a Management Structure 07:12 Steven's approach to screening tenants 10:13 finding good people for your property 12:19 There's just no replacement for experience 16:36 Tenants Retention 32:40 2024 Market Outlook 35:36 Advice to my younger self 37:25 It's great to buy! 38:27 Real estate is better when you play a 15 years game!

Thanks to travel delays I missed my flight to NC and thus didn't get to present this on the 2023 MFINCon so I recorded it and put it out here for everyone that wanted to participate in my session.

01:05 Introduction 01:51 Joseph Gozlan of EBG 04:07 Hear directly from our expert guests 05:44 The Decision 09:01 The Challenge 14:39 The Horror Stories 19:41 The Math 24:02 Self-Management 25:19 The Current Market 29:28 Quick Tips!

--------------------------------------------------------------------------------------------------- This is an episode of The Apartments Operators Podcast where you can learn from experienced operators what it really means to be apartment operators. No fluff, no sugar coating, just the raw unfiltered truth of the ups and downs of operating multifamily communities. Our host, Joseph Gozlan, is an experienced owner/operator and a multifamily broker living in Texas. We gathered a phenomenal group of operators for you that share not only the upside of a multifamily operator but also the downside, the challenges, and the surprises this business keeps coming up with. ------------------------SUBSCRIBE ---------------------------------------------------------- on iPhone: https://podcasts.apple.com/us/podcast/the-apartments-operators-podcast/id1519907176 on Android: https://podcasts.google.com/feed/aHR0cHM6Ly9mZWVkLnBvZGJlYW4uY29tL2ViZy9mZWVkLnhtbA?sa=X&ved=0CAcQrrcFahcKEwiI2_OFn7P8AhUAAAAAHQAAAAAQCg ------------------------ LINKS ------------------------------------------------------------------ The Apartments Operators Podcast website: https://www.AptOpr.com All The Apartments Operators Podcast Episodes on YouTube: https://www.youtube.com/watch?v=YIZzxCrT_fY&list=PL5SEY4gVQHKJXfy70oeq7f5AGm_m5VOf1 Eureka Business Group: https://www.ebgtx.com EBG Creative:https://www.EBGCreative.com ------------------------------------------------------------------------------------------------------ Tags: #realestate, #realestateagent, #realestateadvice, #realestatepodcast, #realestatebrokerpodcast, #multifamily, #realestateinvestment ------------------------------------------------------------------------------------------------------ Please like, subscribe, and leave us a review!

Ken and Rachel Wick join Joseph Gozlan, Host of the Apartments Operators Podcast, and share their journey from career educators to multifamily owners and operators!

00:00 00:39 The Wicks Background 03:49 How do you choose a third-party management company? 06:52 Treat your property management company as your quarterback 09:08 Thoughts about starting your own property management 17:17 How the Wick couple execute their value add plans 21:56 Introduce a residents benefits package 23:26 Knowing your property management skills and capabilities is another way to save costs 27:00 Resident Retention initiatives the Wicks like to embed in their communities 35:04 Advice to younger self

Ken and Rachel Wick's details: Website: www.higherpointinvesting.com Email: contact@higherpointinvesting.com

Joining Joseph Gozlan, host of the Apartments Operators Podcast, Ed Modzel shares how he started his multifamily journey when he turned 60(!) showing that it's really never too late to start investing in multifamily.

00:00 08:25 Ed's Process of Hiring a Property Management Company 10:09 Why you really shouldn't move to the property you're managing! 11:40 The most successful properties that we have are ones that we self-manage 12:59 Self-Management saved us from the COVID downfall 15:59 Before you hire a manager, you should make sure that they buy into your business plan 18:52 How does Ed work with his management team 20:03 The magic of using charts 41:35 Advice to younger self

Ed Modzel's website: https://www.gimmeshelterequity.com/

Eric Upchurch joins host Joseph Gozlan on the Apartments Operators Podcast to share his journey from enlisted to owning & controlling a large portfolio of apartments! Eric started his real estate investing while being on Active Duty and has since created an organization dedicated to educating Active Duty members of the armed forces about the benefits of investing in real estate and helping them get started while still on active duty!

00:00 00:39 How Eric got started with real estate 02:37 Becoming an accidental landlord 04:14 We always use third party management 04:30 When hiring a new 3rd party management company, its always good to cross-reference 05:25 never hire a part-time realtor as your property manager 06:08 you want a property management that manages the same asset class that you are buying 12:27 Pro tip: Check the reviews of the community you're buying!! 20:59 There's money in everything, even in the garbage! 40:14 Advice to younger self

militaryrealestateinvesting.com activedutypassiveincome.com ericupchurch.com IG: real Eric Upchurch

Tiffany Mittal joins Joseph Gozlan on the Apartments operators podcast to share her multifamily journey. From running section 8 properties in California to the realization that they need to move away to landlord-friendly Florida where they teamed up with Grant Cardon to develop an easier way for small multifamily operators to implement RUBs using their proprietary software called Utility Ranger.

00:00 04:42 Managing section 8 properties 05:21 Not all Section 8 tenants are equal 09:37 When selecting a 3rd party management company, look for one whose majority of their managed portfolio is similar to yours. 10:52 You must have control of the day-to-day operations 13:17 How to not leave a bunch of money on the table 26:01 Fixed utilities Fees Cons vs Pros 27:14 RUBS formula is NOT so easy 35:07 Advice to younger self

Tiffany Mittal's website: https://utilityranger.com/ Episode 133 Show Notes: