15 | Effectively Aligning Partner Interests with Jason Yarusi

Today's guest on the Making Money in Multifamily Real Estate Show is Jason Yarusi.

 

Jason is an active real estate syndicator and real estate investor. Jason founded Yarusi Holdings, a multifamily investment firm with over 450 units under management in 2016. The firm repositions properties through operational efficiencies, moderate to extensive renovations and complete rebranding. Jason also hosts the Real Estate Foundation, a podcast serving to help real estate investors take massive action through learning from the steps and miss-steps that many industry pros have taken along the way. He is also the founder of the New Jersey Multifamily Foundation Club with over 2000 members that focuses on real estate syndication and multifamily investing. 

 

In this episode we cover:

Jason’s target market and why he and his wife Pili have chosen to expand their market His latest deal, a 32 unit, which is smaller than their typical deal but it was too good to pass up How to set up property management and construction partners up for success with the right conversations How to structure the conversations to keep everyone’s time well spent Pivoting, Green programs offered by institutional lenders and why they may benefit your property’s business plan

 

Quotes from the episode:

“We are very specific with what we are looking for. We also now give them a good guidance on what we believe is going to our business plan. But we also want to align with them to make sure that I'm saying here is our business plan. Do you feel you can implement this? Do you feel this is going to work in this market? Do you feel this is going to work with these tenant bases? If you do, great. How else can we add to this to make it more of a fluent process? Or if it doesn't work, why not? What pivot should we make in our business plan to make sure this aligns with what we are looking to do to accomplish this to meet the return for our investors?” “Any of your large format, so a Fannie or Freddie, will have some kind of loan improvement where you can get some kind of discount on your interest rate because they are looking for the environment to be better and it's helping the performance of your property over time and ultimately improving the value. So for you to do these items that are going to help for the durability of the product and also help you cut down on your costs from any of utility costs, generally it's in their interest.”

Reach out to Jason:

http://yarusiholdings.com/ Instagram: @jasonyarusi

*****Thank you so much for listening to the Making Money in Multifamily Real Estate Show! This show covers everything to do with Multifamily Real Estate Investing to help you, the listener, become an expert in your real estate ventures. The host, Dave Morgia, brings on guests who are already experts in their respective fields to discuss what principles and practices they follow that have helped them achieve their success so far.