Think Multifamily Podcast

If you asset manage long enough, you'll deal with a homicide, an arson, or a car crashing into your building. That's not worst-case — that's Tuesday. In Part 2 of this conversation, Mark Kenney sits down with his twin brother Mike Kenney — a 20-year real estate veteran — to go behind the scenes on what multifamily asset management actually looks like. No theory. Just real situations, real decisions, and hard-won lessons from managing properties across multiple markets. In this episode you'll learn: · Why the same leasing strategy can fail on one property and work perfectly on another just 300 feet away · How to structure staff bonuses that drive occupancy without letting in unqualified tenants · When to increase marketing spend — and how to use ILS platforms and pay-per-click strategically · What asset managers can (and can't) control when it comes to evictions and K-1 timelines · The mindset shift every asset manager needs when the unexpected happens This is the real, unfiltered side of apartment investing that most people never talk about. Ready to learn alongside serious multifamily investors in person? Join us at our next live event at thinkmultifamily.com/event. Subscribe to the Think Multifamily Podcast on Apple Podcasts and Spotify.

Most people think they want to be a multifamily asset manager. Then they actually do it. In Part 1 of this two-part series, Mark Kenney sits down with his identical twin brother Mike Kenney — a 20-year real estate veteran — to break down what the asset management role actually involves, why so many investors underestimate it, and what separates the people who thrive in it from those who burn out. In this episode you will learn: • What a multifamily asset manager actually does — and who they answer to• Why trying to asset manage alongside deal sourcing and capital raising leads to poor results across the board• How to structure weekly calls with your property management company without pulling them away from operations• What the Monday morning report should include and how to review it in under 10 minutes• How to navigate a business plan you inherited — especially when market conditions have shifted This is the behind-the-scenes conversation on asset management that most people never get access to. Ready to learn alongside serious multifamily investors in person? Join us at our next live event at https://thinkmultifamily.com/event Subscribe to the Think Multifamily Podcast on Apple Podcasts and Spotify.

30% of zero is still zero. And right now, a lot of syndicators need to hear that. In the final episode of this three-part series, syndication attorney Dugan Kelley delivers the conversation most GPs are actively avoiding — what to do when your property is in trouble, your loan is maturing, and every option in front of you is a hard one. In this episode you will learn: • Why the ostrich effect — burying your head in the sand — is the worst thing a syndicator can do when a deal goes sideways• When a cash-in refi makes sense and how to structure that conversation with your investors• What your legal duty of care, loyalty, and good faith to LPs actually requires when making sell or hold decisions• Whether your LPs get a vote or just a voice — and why it all comes down to how your PPM is written• Why the greatest wealth transfer between generations is happening right now and what staying on the sidelines will cost you This is the episode for every syndicator, operator, and LP navigating a market that rewards the prepared and punishes the passive. Ready to learn alongside serious multifamily investors in person? Join us at our next live event at thinkmultifamily.com/event. Subscribe to the Think Multifamily Podcast on Apple Podcasts and Spotify.

Your loan documents will determine how creative you can get when your deal hits trouble. Most syndicators don't find that out until the crisis is already here. In Part 2 of this series, syndication attorney Dugan Kelley breaks down the legal and financial tools available to operators in distress — and explains why lenders right now are more open to working with you than you might think. In this episode you will learn: • Why your loan covenants are the real limit on your options — not your creativity • How lenders are being encouraged to work constructively with borrowers to avoid defaults and foreclosures • The critical difference between a capital call and a member loan — and how each one sits differently in your capital stack • When and how to disclose problems to your investors — and why waiting is the worst option • How to use loan modifications, capital calls, and member loans together to stabilize a struggling property This is the episode every syndicator, GP, and LP should hear before trouble arrives — not after. Ready to learn alongside serious multifamily investors in person? Join us at our next live event at https://thinkmultifamily.com/event Subscribe to the Think Multifamily Podcast on Apple Podcasts and Spotify. Check out the shownotes for this podcast here.

Transaction volume in multifamily is down 60 to 70%. The syndicators still winning are the ones using deal structures most people haven't touched in years. In Part 1 of this three-part series, syndication attorney Dugan Kelley — a 23-year legal veteran and trusted advisor to Think Multifamily for over seven years — breaks down exactly what has shifted in the acquisition market and what operators, sponsors, and investors need to know right now. In this episode you will learn: • Why the market has flipped from seller-driven to buyer-driven — and what that means for earnest money, due diligence, and deal structure • How loan assumptions, seller carrybacks, and contract-for-deed are becoming primary negotiation tools instead of last resorts • What the trillions in maturing multifamily debt means for deal flow over the next 12 to 18 months • Why SEC regulatory shifts around Regulation D matter for every syndicator raising capital right now • How to explain bonus depreciation and 1031 exchange benefits to potential investors — and why you must be able to This is the episode that reframes the current market — not as a crisis, but as one of the most significant buying opportunities in a generation. Ready to learn alongside serious multifamily investors in person? Join us at our next live event at https://thinkmultifamily.com/event Subscribe to the Think Multifamily Podcast on Apple Podcasts and Spotify. Check out the shownotes for this podcast here.