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December 28th, 2021

120. The Asset Management Role in Real Estate with Mike Taravella

  1. 120. The Asset Management Role in Real Estate with Mike Taravella Sujata Shyam 26:58

Title: The Asset Management Role in Real Estate with Mike Taravella

 

Mike has acquired 27M+ in Multifamily real estate throughout the southeast. He is a Michigan State Alumni, and a CPA. He has worked at EY and with Dan Gilbert’s startup community.

 

Let’s tune in to his story!

[00:01 – 09:35] Opening Segment

  • Let’s welcome my guest for today’s show, Mike Taravella
  • Mike shares how he got into the Real Estate space
  • Mike’s screen printing business
  • 10PM to 2AM Multifamily grind
  • What was compelling about Real Estate for Mike

 

[09:36 – 24:56] Mike the Asset Management Guy

  • Mike’s day to day journey
  • Property Manager collaborations
  • The lessons and challenges Mike learned in the space
  • Mike’s roles as an Asset Manager
  • What has contributed to Mike’s success
  • How Mike maintains good relationship with stakeholders
  • Points Mike wants to touch on Underwriting 
  • A piece of advice for passive investors

 

[24:57 – 26:57] Closing Segment 

  • Final Words
  • Connect with my guest, Mike, in the links below

Tweetable Quotes

 

“I realized I was not scaling my business while I was teaching these start-ups how to scale [their business].” – Mike Taravella

 

“Be methodical on how you’re doing it, and keep having that buffer.” – Mike Taravella

 

“Surrounding myself with amazing people [has largely contributed to my success].” – Mike Taravella

 ————————————————————————

 

Reach out and connect to my guest, Mike, through his email miket@randcre.com

 

Follow him on Social Media by searching @ValueAddMike

WANT TO LEARN MORE?

 

Connect with me through LinkedIn

 

Or send me an email sujata@luxe-cap.com

 

Visit my website www.luxe-cap.com or my YouTube channel

Thanks for tuning in!  

 

If you liked my show, LEAVE A 5-STAR REVIEW, like, and subscribe!

Sujata Shyam Passive Income Expert

Suja Shyam is a real estate investor, underwriter, Short-Term rental operator, and Fund Manager. Since founding Luxe, her primary focus has always been helping others achieve their financial & life goals.

Suja’s desire to help people started at a young age and continued through the years as she graduated from Northwestern University, and the Carnegie Mellon Tepper School of Business.

After using her student loans to flip her first house during her MBA, she spent 4 years underwriting multifamily acquisitions for institutional buyers.

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By way of bootstrapping her Short-Term Rental Business, and getting her hands dirty, Suja replaced her corporate income at the age of 33.

As a Managing Partner of Luxe Capital, Suja is responsible for acquisitions, fund management, and investor relations.

Integrity, exceptional communication, and delivering results to investors are at the core of every decision she makes.

When Suja isn't touring properties, or underwriting deals, you can find her rollerskating with her friends or exploring an unknown corner of the world.

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