Episode 78 Feat. Dylan Pichulik of XL Real Property Management, over $5B in NYC RE Assets Managed

Pleased to have my friend & industry partner Dylan on the pod.  Dylan is the CEO & Founder of XL Property Management in NYC with over $5B worth of real estate assets managed across the NYC region.  XL is a leading NYC property management firm that specializes in managing the assets of condos & coops owned by individual & institutional investors throughout the world. 

 

I have personally let Dylan manage a few of our client's investments in the city, and we are excited to partner with him & our clients to ensure that they are taken care of on a day-to-day basis.  

 

Please follow Dylan on IG @dylanpichulik & his company website https://www.xl-rpm.com/   

 

Topics we cover: 

Where is Dylan from?

West village or greenwich village? 

Chelsea or Flatiron? 

Midtown East or Midtown West? 

Instagram or tick-tock? 

Facebook or twitter? 

Favorite city / town outside of NYC? 

 

Deep Dive Questions: 

-Your thoughts & procedures at XL on the new(ish) security deposit laws & how you deal with security issues with past tenants. I'm personally curious about this dealing with lots of individual owners who ask me to handle security deposits! 

-What new investors should know about day-to-day property management before buying their first/second investment? Please share your advice. 

-If your budget was $1M to purchase a 1 condo investment, which building/neighborhood would you choose and why? (follow-up questions are if you had $3M, and then $5M) 

-Any new compliance issues being brought up in NYC in the future, such as the 'banning of gas stoves', to 'upgrading heating initiatives to cleaner tech' that owners should be aware of that you are currently discussing with your clients? 

-cost structure & how Dylan earns income?  What % does he charge to investors who hire him?