Dec 21, 2020
Today we talk with David Drewett, owner of Property Hero.
David provides a great service to Sarasota, FL by providing
affordable housing in a market that's not affordable. He does this
by investing in distressed multifamily properties, fixing them up
and adding rooms in the living spaces, and then he rents out the
rooms. The tenants share the kitchen and bathroom, and they also do
the cleaning and light maintenance. It's a win-win since the
community is happy to see buildings getting painted and fixed up
while helping people get affordable housing, and it's a great
business for David.
Key Discussion Points
[01:05] Opening remarks by Eric Odum and Steven Silverman
[05:49] About our guest: David Drewett
[06:58] How did you get started in real estate investing?
[08:27] Why did you choose Sarasota to start your real estate
[11:29] At what point did you get into multifamily
[12:38] What type of multifamily properties are you targeting
[16:12] What is your ideal tenant for the rooms you rent
[17:46] Tell us about your tenants doing the maintenance and
[19:17] Do you do leases or month to month?
[20:17] What are some of the important tenant rules in
maintaining your business model?
[24:25] Do yo have someone help you with the leasing, or do
you show the spaces yourself?
[26:33] How do you manage your properties and tenant
[29:42] What advice would you give to new investors - knowing
what you know now?
[33:59] How are you managing your crews?
[35:27] How can folks get in touch with you?
[40:40] Closing comments by Eric & Steven
David Drewett is the owner of Property Hero. He and his company
have closed more than 500 real estate transactions in Florida.
David is knowledgeable in most facets of real estate transactions
and is known for paying top dollar for investment properties. David
is an investor in multifamily, and most recently is buying
distressed multifamily properties and rents out the rooms.