E45: Jerome Myers - His occupancy dropped from 100% to 0 and climbed back again on his first multifamily deal!
True Multifamily
English - November 19, 2020 20:29 - 37 minutes - 34.8 MB - ★★★★★ - 22 ratingsInvesting Business Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
This supersized episode features Jerome Myers of the Multifamily Missteps podcast. Jerome tells True Multifamily the truth about his first deal and how he worked through zero cashflow on a million-dollar asset. Jerome discusses what went wrong, how they needed to evict their tenants because they weren't paying rents, how to deal with people moving out because of expired leases, and how he worked with the $30K surprise of a broken sewer pipe.
As Jerome talks about the many challenges on his 23-unit property, he also shares his realizations about the importance of goal setting, shared perspectives, and aligned investment thesis for strong and successful partnerships.
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