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Updated over 5 years ago on . Most recent reply
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First Post and Seeking a Very Specific Type of Book
First post – wooohooo! Hello all. I have been in the multifamily business for quite some time now, but never as an investor. I work for a large multifamily lender, and I’m on the asset management side of the house. Essentially, I do a lot of relationship management, risk management, market analysis, financial analysis, etc. So in many ways, I have amassed a good deal of experience and available resources. I look forward to actively participating in this community!
At present, I’m seeking recommendations for a very specific type of book, if it exists. Most of the multifamily reading recommendations I have seen appear to focus heavily on multiple aspects of the big picture like finding deals, raising capital, financing, etc. While I will no doubt be reading some of these books – is there a book that focuses very heavily on the operations of multifamily properties?
Ideally, I would like to find a book that zeroes in on the management/operation phase of multifamily investing. So we’re talking about how to handle the initial phase of multifamily acquisition, setting rents vs market, capital improvement plans, and essentially re-positioning an asset from say a Class C dog of a property to a solid value added Class B asset.
Are there any book recommendations offhand that would fit the bill? Thank you!
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@Stephen Seals. There is a book by Joe Fairless and @Theo Hicks that you can look into. The best ever apartment syndication book.