Unlocking Multifamily Operational Excellence
🔥 On this Real Estate Hustlers Podcast episode, we talked with Jared Sturm, an experienced real estate entrepreneur and founder/CEO of SNS Capital Group, a premier multifamily investment firm in Cincinnati, Ohio.
Jared started his career as a maintenance technician and has grown to build a portfolio of around $150 million in multifamily assets under management. With 18+ years of experience in real estate, Jared shared his journey and insights into achieving long-term success in the multifamily space.
Career History:
– Started as a maintenance tech for a local landlord during high school.
– Bought his first investment property (a 6-bedroom house) with his brother in 2008.
– Transitioned into buying and renovating single-family and small multi-family properties for 8 years.
– Made the jump into larger 50-200 unit multifamily communities in 2015.
What actionable value was provided to listeners?
Jared provided valuable insights into vertically integrating property management and construction operations to maximize returns and operational efficiency. He also emphasized the importance of taking a methodical approach to growth, aligning with the right team members, and understanding the responsibility of managing investor capital.
Watch the episode here:
Listen to the podcast here:
Key Points From This Episode:
1. Importance of controlling and optimizing on-site operations to produce desired financial returns.
2. Achieving quick unit turnover times by having in-house construction teams and efficient processes.
3. Hiring team members aligned with core values like reliability, continuous improvement, and doing the right thing.
4. Treating investor capital as sacred, recognizing that it represents a portion of someone’s life earnings.
5. Growing methodically and taking calculated risks, avoiding overextending too quickly.
Jared’s firm currently owns and operates around 1,300 multifamily units in Cincinnati, with a vertically integrated team of 50 employees handling property management and construction in-house. His insights provide a compelling case for the owner-operator model in multifamily investing.
About Jared Sturm:
On this Real Estate Hustlers Podcast episode, we talked with Jared Sturm, an experienced real estate entrepreneur and founder/CEO of SNS Capital Group, a premier multifamily investment firm in Cincinnati, Ohio.
Jared started his career as a maintenance technician and has grown to build a portfolio of around $150 million in multifamily assets under management. With 18+ years of experience in real estate, Jared shared his journey and insights into achieving long-term success in the multifamily space.
Career History:
– Started as a maintenance tech for a local landlord during high school.
– Bought his first investment property (a 6-bedroom house) with his brother in 2008.
– Transitioned into buying and renovating single-family and small multi-family properties for 8 years.
– Made the jump into larger 50-200 unit multifamily communities in 2015.
What actionable value was provided to listeners?
Jared provided valuable insights into vertically integrating property management and construction operations to maximize returns and operational efficiency. He also emphasized the importance of taking a methodical approach to growth, aligning with the right team members, and understanding the responsibility of managing investor capital.
Touch With Jared Sturm:
LinkedIn: Jered Sturm (SNS Capital LLC and SNS Management LLC)