Asset Management with Hadar Orkibi & Whitney Sewell

Real estate asset management is essential to successful real estate investing. Most real estate investors do at least a minimal amount of asset management themselves, but larger entities and experienced investors may enlist an asset manager to handle their investment portfolios. Today, we’re talking to an investor and asset manager who has a very hands-on approach in his real estate business. Hadar Orkibi is an international, commercial real estate investor with a focus on multifamily.

Our gracious sponsor:
Gene Trowbridge and Jonathan Nieh, founding partners of the top syndication firm Trowbridge Law Group LLP have a legal team with over 50 years of combined experience in real estate syndication and the practice of real estate securities law. Over this time Gene and his partners, in several past firms and currently, have helped clients raise close to $5.0 billion dollars in offerings by empowering entrepreneurs to raise capital legally.

He is also an asset manager with MFI Holding and a co-facilitator and coach with Make It Happen Mastermind Group. He has been investing in Real Estate for over a decade, specializing in long-distance, out-of-state investing. Starting out as a Licensed Real Estate agent in Israel before Immigrating to New Zealand in 2003, Hadar’s portfolio now includes multifamily apartments and commercial real estate in both New Zealand and the United States. In this episode, Hadar describes his role as an asset manager, how he does it at a distance, and how he holds his third-party property managers accountable. He also shares some of the tools he uses to make tasks easier to manage, and explains how COVID has been beneficial for his business. Tune in today to find out more!

Key Points From This Episode:

  • Hadar introduces himself, his business in New Zealand, and his superpower in the business.
  • Asset management at a distance and holding his third-party property manager accountable.
  • As asset manager, Hadar also makes sure contract services are accountable and on budget.
  • Another crucial task is keeping the unit turns and capital expenditure budget on track.
  • Coordinating relationships with contractors and coordinating the work as it needs to be done.
  • Communicating with his team from a distance – Hadar finds that simple tools like email and WhatsApp are most effective.
  • The benefit of using WhatsApp is that is fully functional, even if you are in another country.
  • The challenge of ensuring the property management team knows how to use pet addendums.
  • Hadar is looking to solve the challenge of having relevant documents available in one place.
  • It is important to utilize the help available to us – Hadar asserts we can’t do it all ourselves.
  • Asset managers must transfer utilities, monitor lease renewals, know the marketing strategy.
  • How Facebook Marketplace has been a game-changer for Hadar and his property managers.
  • How COVID has streamlined the tenant turnover time by making document signing digital.
  • Hadar explains what makes a good asset manager – from analytics to good communication.
  • An improvement to Hadar’s business through clear and concise systems.
  • Hadar attributes his success to persistence, focus, and avoid shiny object syndrome.
  • How Hadar likes to give back by helping to educate people, both in and outside of the mastermind.