Wayne Courreges IIIManaging Principal, CREI Partners, CREI Partners, CREI Partners, LLC · Disciplined Passive Real Estate. Transparent Leadership.

Conservative Underwriting is Critical in Real Estate Syndications with CREI Partners

Name: Conservative Underwriting is Critical in Real Estate Syndications with CREI Partners
Uploaded: 2023-06-01T00:02:13+00:00
Duration: 52 s
Channel: Wayne Courreges III
Description: A single-speaker excerpt from a YouTube video discussing real estate syndication lessons: the speaker emphasizes conservative underwriting (with…

1 Jun 2023 · 1 min

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A single-speaker excerpt from a YouTube video discussing real estate syndication lessons: the speaker emphasizes conservative underwriting (with occasional regret over missed buys), balancing numerical analysis with gut instincts, and the critical importance of property management. The speaker cites a case at 'the Ivy at the Galleria' where a new property manager (hired December) improved Google reviews to five stars and improved leasing performance.

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One of the things that I've really tried to do is just stay conservative and sometimes staying conservative I look back and I'm like dang, I missed, I missed an opportunity. Sometimes like your biggest regrets are the properties you didn't buy. You know that, that it's like in it for me sometimes comes up quite a bit, you know but then they, I gotta focus on the numbers, I gotta focus on my gut and see if it, if it works. Um, property management is another huge lesson learned. Like it's critical that person that is in that office has to represent our brand. We went through at the Ivy at the Galleria. We're on our third property manager. That manager though has been with us since December and she's done outstanding. Our Google reviews are five star. She's leasing up the property. She's done incredible.