In doing the real estate business, there are times when it is easy to overlook some processes to make your business a good one. But, for property management expert Ryan Wehner, due diligence is creating value for your clients and at the same time internal value for your team in your business as well.
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Today, Ryan shares how he successfully manages over 20,000 units. He reminds us that you make your money when you buy the assets, thus it is important to do things well. He adds, for any entrepreneur to grow, it is crucial to know how to put the systems in place and know how to work with people. Ryan also shares the technology which helped him to manage the property well. Click the play button now and learn how to effectively manage your property.
Key Points From This Episode:
- Ryan talks about his background and his specialization in property management.
- Will Ryan sell real estate properties to other operators as well?
- Ryan talks about the due diligence process.
- What are some of the most overlooked items though during due diligence?
- Ryan shares about the technology that helped him with property management.
- Ryan’s predictions in the real estate market over the next six to twelve months.
- The daily habits that contributed to Ryan’s success.
- Ryan shares how he likes to give back.
“I always tell potential clients and everybody in the industry, you make your money when you buy the assets.” [0:10:52]
“I think that’s the biggest mistake is, how do you gather the information in the most accurate and repeatable way? So that’s probably the biggest thing.” [0:17:55]
“In order to have a better mousetrap and to scale your business, you have to delegate.” [0:20:00]
Links Mentioned in Today’s Episode:
About Ryan Wehner
Ryan Wehner is the President and Managing Member of Wehner Multifamily LLC. He has grown Wehner Multifamily LLC from managing one apartment community in 2006 to managing 100+ apartment communities with over 22,705 units as of Janury 2019, and has overseen over 1000 apartment unit renovations over the past year. Most of these properties have a Fannie Mae, Freddie Mac, CMBS, or bank mortgage. Ryan is a licensed Texas real estate broker with no disciplinary actions or allegations, and a graduate of UC Santa Barbara where he earned a Bachelor of Science degree in business and economics. Ryan Wehner participates in various community and charitable organizations including Entrepreneurs’ Organization (EO), Union Gospel Mission, and the Knights of Columbus.
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