AREI 113: Asset Management 101: Strategies, Techniques, and Best Practices with Gary Lipsky Artwork

The Adventures of a Real Estate Investor

Welcome to The Adventures of a Real Estate Investor podcast. Your hosts, Suzy Sevier and Michael Barnhart, interview industry experts and chat with them about their passions and how they are leveraging real estate investing to create an impact in their world. What impact do you want to make? There are almost eight billion people on this planet. What if each of us started with ourselves, our family, our in our community? All we have to do is start with a manageable 1% action every day. The effect of those billions of 1% gestures would be astronomical. This is your place to reflect and believe. Let’s create the greatest ROI, Return on Impact. Join Suzy and Michael every Tuesday to start cultivating those ideas on the impact you want to make in your world! We are so excited you are here, let's get this adventure started.

All Episodes

The Adventures of a Real Estate Investor

AREI 113: Asset Management 101: Strategies, Techniques, and Best Practices with Gary Lipsky

May 09, 2023 • Michael & Suzy • Season 3 • Episode 113

Asset management is a crucial skill for real estate investors who want to maximize the value and return of their properties. In this episode, we welcome Gary Lipsky, as we explore some of the techniques and best practices for effective real estate asset management, from finding consistent revenue sources to reducing expenditures and managing risks.

Come join us and listen in!

Gary is a Multifamily Syndicator who has done ¼ billion in real estate transactions. He is the President of Break of Day Capital, whose mission is to positively impact the lives of their investors and the communities in which they invest through the highest level of transparency and fiduciary responsibility. Gary is the host of the Real Estate Asset Management Podcast and best-selling author of Best In Class. As a successful entrepreneur, Gary has built several companies, co-produced 3 independent films and started a non-profit.

[00:00 - 09:33]
• We welcome Gary Lipsky to the show.
• Gary Lipsky and his background on how he started real estate investing?
• Why did Gary focus on creating more information about asset management?
• Involving your property management company from the very beginning is a must.
• What they were focusing to bring on those asset management summits?
• Biggest takeaway that that he got from all of his guest and reoccurring mistake that new asset managers make?

[09:34 -19:14]
• Tracking the bottlenecks and loss of lease tracking.
• Why asset management are not the main focus for some people?
• A little shake up in the market is good?
• The key with appreciation or not knowing that with your value add strategy it is achievable.
• Gary if he would consider getting AI tools involved in asset management?

[19:17 - 30:27]
• Advice for someone who wants to invest passively but doesn't know
the operator that well?
• Gary's book and podcast focusing on asset management .
• What's next for Gary in the future? A second edition of his book?
• Asking Gary Lipsky the Adventurous Four

Tweetable Quotes:

" A really good asset manager could take a bad property and make it good and make a good property great." - Gary Lipsky

Connect with Gary Lipsky

https://breakofdaycapital.com/
https://www.youtube.com/c/BreakofDayCapital
https://www.instagram.com/breakofdaycapital/
https://www.instagram.com/garylipsky/

Explore more. Adventure awaits.

Please subscribe and leave an honest review .

How do you want to create an impact in your world?

Check out Adventurous REI and our social media channels: Facebook, Instagram, and LinkedIn. Michael on LinkedIn Suzy on LinkedIn Invest with us! Start here.

GRAB A FREE copy of The Complete Guide to Generating Passive Income for Avid Travelers & Adventure Seekers