Houston Multifamily Virtual Meetup #9 – Brian Wolford – Managing Property Taxes

Today, we hosted Brian Wolford from Morrison & Head who provided extensive insight into how counties value properties and what you can do to underwrite and mitigate these non-controllable expenses.

My 2 personal takeaways

1. Both major metros and rural markets taxing authorities have become more aggressive in assessing property tax values.
2. Underwrite at least 90% of purchase price for year 1 property taxes.

To get in touch with Brian, please visit www.morrisonandhead.com

For more information on the attractive tax and diversification benefits of multifamily, please visit
www.lifechangingcapital.com
www.synccap.com

Ryan Christopher Nunes

Ravi Ramachandran

Houston Multifamily Meetup #10 – Will Bandujo – Managing Insurance Expenses

Today, we hosted Will Bandujo from FitzPatrick Insurance Solutions who provided extensive insight into the insurance markets and why rates have been rising.

My 3 personal takeaways

1. Insurance providers are more favorable to Class A properties.
2. Carefully screening your residents lowers insurance risks on your properties.
3. Property managers who offer group coverage can provide cost effective effective solutions in a tight insurance market.

To get in touch with Will, please reach him at williamb@fisinsure.com

For more information on the attractive tax and diversification benefits of multifamily, please visit
www.lifechangingcapital.com
www.synccap.com

Ryan Christopher Nunes

Ravi Ramachandran

Today, I sat down with Mike Woodfield to dive deep into multifamily operations. He shared many helpful tips so that you can more tightly manage your multifamily assets.

Mike is the COO, and partner of Obsidian Capital based in Austin, TX. Over the last 5 years, Mike was the lead asset manager overseeing nearly $300,000,000 in multifamily deals. During that time Mike was responsible for the renovation of 2,200 multifamily units totaling $20,000,000 in improvements which created millions in value-add.

To get in touch with Mike, please visit www.obsidiancapitalco.com
To get in touch with Ryan, please visit www.lifechangingcapital.com