What Few Investors Get Right About Maintenance with Adrian Danila, Ep. 552
Multifamily Insights
English - October 31, 2023 10:00 - 38 minutes - 35.5 MB - ★★★★★ - 207 ratingsInvesting Business Marketing multifamily realestateinvesting apartmentinvesting apartments buyingapartmentbuildings buyingrealestate cashflow learningtobuyrealestate marketing Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Adrian Danila's journey in property management began in 2003 as a part-time groundskeeper. Over two decades, he's become a recognized expert in the multifamily industry, leading service departments for portfolios of up to 32,000 apartment homes. Adrian's collaborations with industry giants like Greystar and Cortland attest to his expertise.
In August 2023, Adrian founded Multifamily X, transitioning to a full-time entrepreneur. With over 20 years of experience, he's dedicated to empowering businesses and investors, including Danila Real Estate. Beyond his professional pursuits, Adrian is passionate about mentoring and hosts the Multifamily Chronicles podcast. His legal background from the Romanian-American University enriches his multifaceted expertise.
In this episode, we talked to Adrian about the importance of preventive maintenance, key steps in property management, common oversights by investors and operators, practical tips for success in maintenance, and much more.
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Insights on Maintenance;
02:37 Adrian’s background;
08:55 What investors and operators tend to miss;
10:31 Preventive maintenance, and what should owners do;
14:17 Property management from construction and maintenance;
18:35 Setting maintenance technicians for success;
23:44 The due diligence process;
28:12 Checking necessities first by one-self vs. a third party confirmation;
32:13 Steps that are overblown and easy to fix;
35:59 Round of insights
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Round of Insights
Apparent Failure: Too much perfectionism.
Digital Resource: All applications that are specific to inspections.
Most Recommended Book: Tools Of Titans.
Daily Habit: Getting up early and walking for 25 minutes.
#1 Insight for managing due diligence: Hiring the right people with the right knowledge.
Best Place to Grab a Bite: Agave.
Contact Adrian:
https://www.multifamilyxconsulting.com/
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