John Carlson is responsible for strategy, operations, new business development, and property portfolio performance for over 19,000 luxury apartment units across Arizona and Nevada for Mark Taylor. Jeff Mark and Scott Taylor founded the company in 1985. Today, Mark Taylor is the largest multifamily developer in the state of Arizona; the company has built more than 20,000 units there.
wealthy apartment investor podcast
Patrick Antrim, Founder of Multifamily Leadership, and Tanner Bickelhaupt, CEO and Founder of the Tanbic Company discuss valuing real estate and cap rate versus return on cost.
CredHub is a rental payment reporting company that helps property managers reduce delinquent payments and add new revenue. David Haldi is the Founder and President of this company that hopes to help investors get the money they’re owed, while helping residents.
Danny Court is part of a group of economists focused on economic forecasting and how that plays into real estate. For multifamily, Elliot D. Pollack & Company is more involved with the planning and development part of things – scoping out sites, navigating regulatory or political issues, helping with zoning conflicts. They’ll get involved in government if necessary.
Patrick Antrim, CEO of Multifamily Leadership, brings up that timing of money coming in or things like assumptions and expectations can create gaps in this conversation with Tanner Bickelhaupt, CEO and Founder of the Tanbic Company.
Bickelhaupt says another surprising thing about that market was how quickly people wanted to move in immediately after signing leases. At first, he thought that was a red flag. It was also difficult to turn things around that fast.
Tanner Bickelhaupt has been investing, developing, and looking at new deals for the full cycle. He owns and operates a management company and has been successful across several asset classes in different markets. He’s also made it through different economic cycles and come out on top.
“If I’m going to invest 100 grand and I think I’m going to make 2,000 back in Year 5, which include my 100,000 but most of that return comes from the sale of the property, you really have to pay attention,” said Bickelhaupt.