Navi Ventures

Excited to be speaking at 𝗙𝗶𝗲𝗿𝗰𝗲 𝗟𝗮𝗯 𝗟𝗜𝗩𝗘 on 𝗢𝗰𝘁𝗼𝗯𝗲𝗿 𝟳-𝟴, 𝟮𝟬𝟮𝟰, in 𝗙𝗼𝗿𝘁 𝗪𝗼𝗿𝘁𝗵, 𝗧𝗫! 🤠 📢

During the 𝗥𝗲𝗮𝗹 𝗘𝘀𝘁𝗮𝘁𝗲 𝗜𝗻𝘃𝗲𝘀𝘁𝗶𝗻𝗴 session, I’ll break down real estate investment strategies, covering everything from market trends to portfolio-building tips for personal wealth creation.

Additionally, I’ll be sharing my story from transitioning from corporate architecture to real estate investing, suggested steps on how to get started in real estate investing, and how to mitigate risks.

Whether you’re new to investing or looking to expand, this session will give you the tools to take control of your future.

Join me for an amazing opportunity to network with driven women, gain practical knowledge, and grow professionally.

Thank you for inviting me! Event link in bio.

See you next week! 😄

Broken blinds,
Bug screens missing,
Foils plastered all over the windows,
Resident complaining of a shooting a day before…

A homeless man (or a resident?) casually chilling on a disposed mattress next to the dumpster bin eating a nice hot pizza.  🍕 😎

Would you want to live here if this is the first thing you see? 🤔

Image below was at one of the properties that I “secret shopped” when we were doing our due diligence on a property manager.

We shortlisted our top two property managers to choose from after an extensive interview process and talking to their references.

Our last step was to check out the properties they manage nearby.

This is one of the must-do steps when vetting a property manager. It’s the best way to see how they would care for your property if you hire them.

As owner-operators, we wanted to go through first-hand experience on what prospective tenants go through when they shop around for properties to live in the area. Their experience and interface with the staff and property can make a huge difference from deciding on whether they lease at your property or next door.

When secret-shopping, we evaluated based on the following criterias -

✅ How was the curb appeal?
✅ What does the leasing office look like?
✅ How was the interaction with the leasing agent?
✅ How are the property grounds?
✅ How was the experience touring a unit?
✅ Talk to the current residents - are they happy with the property manager?

With our top two candidates for the job, we picked 6 properties from each to visit, so we visited a total of 12 properties. Each property was of similar vintage and demographics to our property.

It became clear after visiting a couple of properties on which one of the property managers took care of their properties the best.

We even saw their on-site manager walking around the property, picking up trash.

They eventually won the job. 🙌🏼

What else would you add to the list when vetting property managers?

Day 1 Mastermind - Tour of Jerome’s new builds in Kirkland, Washington.

Drug needles left near the picnic table.

Vagrants sleeping in dark corners.

Trash scattered throughout the grounds.

Parents keep their kids indoors because they don’t feel safe.

This was what was happening at our 22-unit apartment a week after we closed.

You can imagine the anxiety that took over me considering that this was my first deal.

“Oh god, what did I just buy?” 😱

A sense of uncertainty took over and self-doubt started seeping into my head.

What I wasn’t aware was this - fear and anxiety is part of the process and is perfectly normal, especially when you’re doing things for the first time.

Keep calm and carry on.

We took a deep breath…and discussed solutions with our property manager.

We did the following -

✳️Hired security guards to show that we are here and to discourage vagrants from camping at the property. The previous owner and their PM were never present.

✳️ Installed additional flood lights to illuminate the property grounds, which helped the area feel more secure.

✳️ Freshened up the look of the property with new paint schemes. It helped the property look a little newer than it is (1970s) and well-maintained.

✳️ Cleared out trash and debris.

A property that looks clean and well maintained will have a higher chance of deterring sketchy activities.

Over a couple of months of freshening up the property, it didn’t take too long until the property felt safe again and we stopped using security guards.

When we came back to check on the property the next time, we saw a complete transformation - an apartment community that felt safe and can easily call home.

We even saw some kids play outside in the courtyard area. 🤗👦🏻🧒🏻⚽️

____

Did you have any similar experience like this at your properties? What would your advice be to those starting off?

See below our before and after of our 22-unit deal in Glendale, Arizona! If you want to learn more about how to buy or invest in apartments, DM me.