Multifamily Investors,A New Focus
As an investor of multifamily properties you have the choice of joining numerous clubs and taking numerous courses that teach you about the basics
of evaluating multifamily investments.
Although we will continue to have meetings that focus on the basics, (building a team, finding deals, evaluating investments, due diligence, and closing), I would like to focus on presenting topics and speakers having to do with whats new, exciting, controversial, and creative in the multifamily industry.Rising Utility Costs & Prospects of Residential Windpower
For example, after reviewing hundreds of operating statements you notice that the two largest expenses are always personnel (onsite and property manager) and utilities. There are a number of utility solutions I'm looking into including solar, power and wind power.
I am speaking to Robin Wilson this evening about presenting to the club on September 2nd.
Robin led a crusade to get the first residential wind powered home built in the city. It is called La Casa Verde.
After numerous obstacles, including animal rights activities protesting that countless birds would be killed by flying into the turbine, She?s done it! In fact it was the 1st usage of residential wind power in the country.http://www.greenlivingpedia.org/La_Casa_Verde
The house is super green and is equipt with over $2M in the latest technology and gadgets. It is located in the Mission at[masked]th Street. The house has been featured in Sunset Mag, Dwell Mag and many others. In addition, after touring the home, Mayor Gavin Neusom created a program to allow the use of residential wind turbines.
Robin?s company installs wind turbines for single-family homes, multifamily apartments and other commercial properties countrywide. If the multifamily investor can find a way for the numbers to work, wind power might provide competitive advantage, enabling "the wind" to cover your utilities for common areas in your apartment.
_______________________________________________________________________________________Other Speakers Coming Up
RSVP today! These are sure to fill up fast.
July 1st, 7PM
Guest Speaker: Bruce Methven/Legal Entities, Securities Law, and Syndicationhttp://www.meetup.com/MFIC-SF/calendar/10566080
August 5th, 7PM
Guest Speaker: Gary Timmons/Insurance Insider Best Practiceshttp://www.meetup.com/MFIC-SF/calendar/10603393/
Please drop me a line and let me know what you think about Multifamily Investor Collective's new focus.
In addition, if there are topics or speakers you would like presented please email me your suggestions.