Episode 11 – Buying, Rehabbing and Managing Class D Apartments

The SmarterLandlording Podcast

Episode 11 of the SmarterLandlording Podcast focuses on buying, rehabbing and managing class D apartments. Class D apartments look great on paper, but are more of a challenge than you might realize. My guest, Erik Nowacki, has taken on that challenge by investing in, rehabbing and managing distressed class C and D apartments. He has built up a portfolio of hundreds of apartments here in Memphis, TN.

During this episode Erik and I discuss:

• The difference between apartment classes and the risks involved in investing in them.
• Why class D properties look so good on paper while other classes might not.
• What you must do if you are considering purchasing a class D property.
• The features of the Memphis, TN apartment market.
• The tenant base characteristics for class D properties, especially here in Memphis, TN.
• What to look for when screening tenants for class D properties.
• The goals when rehabbing a class D property.
• Property management for class D properties.
• How you can be scammed when looking at buying these types of properties.

If you are looking at the numbers of a class D property and wondering how you can go wrong, then this episode of the SmarterLandlording Podcast is for you.