Feb 10, 2020
With the cap rate compression environment that we're in right
now, it's more important than ever for multifamily investors to be
creative about how they add value in order to increase rents and
get a good return on their investment.
In this week's podcast, we talk with James Donnelly, Founder
and CEO of Castle Group, which focuses on residential property
management. James discusses the 3 main strategies he employs to add
value to his company's investments and deliver top level services
and amenities to a new generation of every more demanding
The 3 main categories James uses to add value is:
Traditional value-add - e.g. painting, putting in a new floor,
or adding new amenities
Technology - using technology to make you not only more
efficient, but also using that as a revenue stream
Better management and service
Join us for this podcast as James gives his investment advice
and his take on the multifamily market in Florida.
Key Discussion Points
[04:48] About our guest: James Donnelly
[06:28] How did you get started in Residential Property
[11:29] How did you end up in South Florida?
[14:40] Where do you see the multifamily market
[18:36] What cap rates are you seeing around
[23:27] What are some of the other value-add plays that
are emerging right now?
[25:33] What common mistakes do you see property managers
or others making?
[31:09] How can folks contact you?
[31:53] Summary of where we are, where we're headed, &
what you would tell someone who's calling about a deal in Southease
[37:42] Closing remarks by Eric and Steven