EP 50: Asset Management 101: Creating Your Own MAP with Gary Lipsky
In episode #50, we had the opportunity to sit down with Gary Lipsky from Break of Day Capital. Gary is an accomplished real estate entrepreneur who is experienced in the asset management side of the business.
In this episode, we cover a very important topic, "Asset Management 101: Creating Your Own MAP". There is so much news and excitement being shared about "just closed on this 50-unit", or "just closed on this 100-unit", which is great to see. However, the real magic that is not shared as much is executing that business plan to maximize your ROI, which in effect maximizes your NOI. And this is accomplished through Asset Managing your investment.
This episode is a must listen to interview if you are interested in maximizing your ROI, so you can maximize your NOI.
💥💥 Remember, this is your MBA. Have a notepad handy and get ready to take some 📝 notes!
Below are few topics that we covered during the interview:
✅ Asset Management checklist
✅ 3 Pillars of Asset Management (MAP)
✅ Interacting with the 3rd party property management company
✅ What KPIs are evaluated and tracked
✅ How to mitigate your risk through preparation
✅ And more....
Gary's Bio:
Gary is a real estate entrepreneur who focuses on Multifamily Syndication and currently has $65MM AUM. He is the President of “Break of Day Capital”. Gary is also the host of the “Real Estate Asset Management” Podcast, where he speaks with various experts in the real estate industry to help educate asset managers. Gary is also the best-selling author of “Best in Class” and is the founder of the “Asset Management Summit”.
You can reach out to connect and speak with Gary by:
✅ Website
✅ Check out Gary's book 'Best in Class'
✅ Podcast
✅ Social Media: Connect with Gary on Instagram @breakofdaycapital, Facebook and LinkedIn
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