Episode Description
Two overlooked “levers” helped Kent Ritter scale past 1,000 multifamily units—and most operators have never even thought of them. One helps you keep tenant turnover low, slashes your CapEx costs by 30%, and keeps your cash flow flowing. The other allows you to build properties for cheaper, do less capital raising, and get on the local government’s good side.
Even if you’ve heard of these tactics, you probably haven’t tried them.
Today, Kent Ritter from Hudson Investing discusses two strategies most operators overlook: in-house property management and public-private partnerships (P3s).
First, Kent gives one of the best arguments for self-managing your assets: it keeps tenants for longer, creates more durable cash flow, and has massively lowered his expenses. Plus, he shares a new AI tool that is speeding up leasing and keeping his staff costs near rock-bottom.
Next, the $2,000,000+ benefit Kent’s team is receiving from public-private partnerships (P3). These P3 partnerships allow him to build with less pushback, raise capital faster (and easier), and bring positive change to the cities he’s investing in, further pushing up his property values.
Insights from today’s episode:
The true cost of an average property manager and why Kent switched to in-house
Receiving millions in incentives from local governments with public-private partnerships
How to save 30%+ on your CapEx costs by simply putting your own people in place
Why your property isn’t performing as well as you thought it would (you can fix this)
Property management tech to use (and avoid) and a new AI tool Kent highly recommends
How to pinpoint the best public-private partnerships and which towns want you to build
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