This podcast guesting Anna Myers is hosted by Kyle Mitchell And Lalita Mitchell of Passive Income Through Multifamily Real Estate

Underwriting & Asset Management with Anna Myers

by Anna Myers | Limitless Estates

Asset management and underwriting are two of the most crucial pieces of running a successful investment and Anna Myers is an expert in both of these fields. You do not want to miss this episode as Anna dives deep into both of these important topics.

Asset Management Models

  • Monday Morning Report (MMR) – details about economic occupancy, delinquency, number of repairs and service, numbers of NTV (Notice to Vacate), current occupancy.

Leads and Leases Report: (LASAL SYSTEM)
L-tracking incoming Leads
A-Appointments that was generated from the leads
S-the actual people that Showed up to the appointments
A-how many people gave the Application
L-how many people got approved  for the Leases 

  • Why check the Ratio from Leads to Appointments?
  • Reason why “Numbers Don’t Lie”?

CAPEX Tracker – a report where you can see units numbers that are up, what size they are, when they became vacant, when they started working on the unit, when they finish it and the budget.

How to find the best property management company

  1. Narrow down the best in property management company in your area
  2. Interview them in detail that corresponds to what you’re looking for
  3. Open to your company’s system

Anna Myers serves as Vice President at Grocapitus, a commercial real estate investment company in the San Francisco Bay Area. Anna is a third-generation commercial real estate entrepreneur who applies her 25+ years of experience in technology and business to finding, analyzing, acquiring and asset managing commercial properties in key markets across the U.S. Together with her business partner Neal Bawa, they approach real estate through a data science lens to create compelling profits for 1000+ investors.

As the lead underwriter for the company, Anna teaches deal analysis for MultifamilyU in quarterly Boot Camps. MultifamilyU is an apartment investing education company owned by the principal Neal Bawa. Also via MultifamilyU, Anna hosts weekly webinar events featuring top speakers in real estate. Anna is regularly interviewed on podcasts in the industry, with over 25 podcast appearances so far in 2019. Anna Myers also co-hosts two monthly Real Estate Investor Meetups in the Bay Area with over 1000   members.

Related to Syndication with Grocapitus, Anna and Neal have successfully completed Equity Raises of 25 Million dollars for Multifamily Acquisitions in the last 12 months, resulting in over 1300 units purchased. They are on track to close another 1300 in the next 12 months. As the asset manager for the Grocapitus portfolio, Anna again brings the data-driven approach to track and insert optimizations to the properties to help drive property performance and investor returns.