Ep 26: Lessons From A Manager Of Vast Amounts Of Real Estate In NYC.

Lessons From A Manager Of Vast Amounts Of Real Estate In NYC.

 

Welcome to episode 26 of The Multifamily Millionaire: Real Income From Real Estate with Jason Lee. This week Jason welcomes Michael Feldman and they discuss what it’s like to manage a vast amount of properties and different types of buildings in the nation’s largest city.

 

Mr. Feldman is Co-founder and CEO of Choice New York Companies; which provides an array of 3rd Party Real Estate Services such as Property Management, Building Staffing and Residential Brokerage on medium and large-scale buildings in New York City. Mr. Feldman focuses his day to day activities on business acquisitions, brand awareness strategy, staff recruitment, talent retention, and select client advisory engagements. 

 

 

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Here is what to expect on this week’s show:

• A look into Michael’s background and what exactly he does as a co-founder of Choice New York Companies.
• The types of properties that Michael’s company manages in the NYC area.
• What trends is Michael seeing in the market right now that maybe others aren’t, including how a cash flow mindset and demographics are changing the rental game.
• Why are prices still very high and the effects that this had.
• How has Choice New York Companies gotten through the pandemic and how it greatly affected them.
• How covid affected rent collections in NYC and how that in turn affected Michael’s business.
• What Michael’s experience as a consultant to the Manhattan’s District Attorney has taught him about being successful in real estate. 
• Advice for others about managing real estate from someone who does it in the nation’s largest city.
• How did Michael scale his business in the way that he did and advice for others about scaling theirs.
• The effect of paying one high value person a high salary as opposed to two people a regular one.
• Advice for someone looking to invest for their first time in a property.

 

 

 

Links:

https://choicenewyork.com

https://homebychoicenyc.com/

 

Connect with Jason Lee:

Instagram: https://www.instagram.com/jasonjosephlee/?hl=en

YouTube: https://youtube.com/channel/UCWNrpNXpGuujHMVZJWmBLsw

LinkedIn: https://www.linkedin.com/in/jason-lee-3b7806115/

 

Connect with Michael & Choice New York:

Twitter: https://twitter.com/ChoiceNY

Instagram: https://twitter.com/ChoiceNY

Facebook: https://www.facebook.com/Choice-New-York-390117644458553/

LinkedIn: https://www.linkedin.com/in/michael-feldman-8537781/

Email: Michael.feldman@choicenewyork.com