ActiveDuty Navy Operating over $100MM Multifamily Portfolio, Jonathan New EP130 Apartments Operators

Jonathan New is an active duty Navy Officer and still managed to grow his multifamily portfolio with his partners to over 700 units!

Jonathan joins Joseph Gozlan, host of the Apartments Operators podcast to discuss how their team operates multiple multifamily properties across multiple states and dealing with multiple different third-party property managers.

00:00 Intro
03:22 We use third party management everywhere!
04:51 It's just all about networking!
05:50 Others might have the right fit, we've got fit AND fill.
07:38 Picking a third party property management is like dating.
10:02 An operator should know and talk with everybody that they employ
10:33 identify the specific KPIs
12:51 Lessons learned the hard way - Chiller Systems
16:55 Third party property management in today's world are a little bit behind on technology
20:04 adapt or die
21:40 Exploring Creative financing as a way to make deals work in this market
23:15 You have to fight the property taxes assessments every year!
23:47 Why Jonathan believes that rents are still going to go up 2023
25:28 It's not just an apartment, not just a unit. It's a home
28:21 Advice to younger self: Bypass the residential real estate and just go straight into commercial

Jonathan New's website: https://fwcinvestments.com/
Episode 130 Show Notes: https://aptopr.com/episode-130-active-duty-navy-operating-over-100mm-multifamily-portfolio-with-jonathan-new-apartments-operators-podcast/
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This is an episode of The Apartments Operators Podcast where you can learn from experienced operators what it really means to be apartments operators.
No fluff, no sugar coating, just the raw unfiltered truth of the ups and downs of operating multifamily communities.
Our host, Joseph Gozlan, is an experienced owner/operator and a multifamily broker living in Texas. We gathered a phenomenal group of operators for you that share not only the upside of a multifamily operator but also the downside, the challenges, and the surprises this business keeps coming up with.
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The Apartments Operators Podcast website: https://www.AptOpr.com
All The Apartments Operators Podcast Episodes on YouTube: https://www.youtube.com/watch?v=YIZzxCrT_fY&list=PL5SEY4gVQHKJXfy70oeq7f5AGm_m5VOf1
Eureka Business Group: https://www.ebgtx.com
EBG Creative:https://www.EBGCreative.com
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