Also, be careful with your lease terms: we specify all tenants, including minors, and state "No Others" specifically.

Hey everyone,I’ve been diving into Chapter 1 of The Multifamily Millionaire, Volume II: Create Generational Wealth by Investing in Large Multifamily Real Estate by Brandon Turner and Brian Murray, and I wanted to share insights on one of the most important concepts: Crystal Clear Criteria (CCC).When scaling up to larger multifamily investments, having clear and specific criteria is critical for success.

These can be great for making initial connections and learning about specific markets.Since you're thinking long-term, consider spending some time in your target markets to build relationships with agents, property managers, and contractors.

Sometimes, you need to be very specific and provide all the details to help them properly investigate.

In both cases, having a property manager who can adapt to the specific needs of each asset type is essential.I believe that the best property managers understand that profitability and customer experience are not mutually exclusive—when both are done well, everyone benefits.Thanks for bringing up this great discussion!

Jorge is putting out a letter in a week or two with specific numbers people are asking about.

This will be area specific. 

So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.EXAMPLE: PMC states they will handle tenant screening – what does that specifically mean?

My approach is conservative and focused on finding properties that meet specific criteria to ensure solid returns.If you’re interested in multifamily investing and would like to explore potential partnership opportunities, feel free to reach out!

Specifically, I’m curious about the following:2/2 vs. 3/2 properties: Are there significant advantages to offering a 2/2?