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Why Multifamily Properties Are a Game-Changer for Investors
Manage episode 442976048 series 3604723
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In this episode of "Real Deal Investing", hosts Jerron Kelley, a seasoned real estate attorney, and Larry Mastropieri, a real estate broker and agent, talk with Max Granofsky. Max is the owner of Arbor Residential, a company involved in property management, real estate brokerage, and syndication of properties for investors.
Max shares his journey in real estate, which began 12 years ago after obtaining a master's degree in real estate development and finance. He started at a commercial real estate brokerage, focusing on leasing and multifamily properties. Eventually, Max transitioned to investing, purchasing a small strip shopping center and later, a multifamily property. He describes his early experience with property management, which involved learning the ropes through hands-on management and dealing with tenant turnover and vacancies.
Max discusses the challenges of managing commercial properties, particularly the high turnover and vacancy rates in retail spaces compared to multifamily properties. He highlights his shift to multifamily investments, which offered more stability and easier management due to higher demand and shorter leasing periods. Max emphasizes the importance of understanding the intricacies of property management and not underestimating the work involved in maintaining properties.
The conversation also covers the risks associated with real estate investing, including market fluctuations and tenant issues, as well as the need for experience and proper management to navigate these challenges. Max's story illustrates the growth of his company from managing his own properties to expanding into property management and brokerage services for others. He also talks about leveraging virtual assistants to streamline operations and improve efficiency in his business.
#realestateinvesting #realdealinvesting #maxgranofsky #expertadvice #floridarealesate #realestate
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Connect with Jerron:
Jerron Kelley, Esq.
www.kelleygrantlaw.com
Connect with Larry:
Larry Mastropieri
https://www.discoversouthflorida.com
Connect with Max:
Max Granofsky
www.arborresidential.com
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