ResProp: Leading the Paradigm Shift in Property Management with Luke Leins

May 30, 2022

Luke Leins, a Senior Director oversees Third Party Management growth and expansion in the Florida market. Luke's background includes development, acquisitions, private equity raising, and third-party management. Luke's strategic approach is to partner with ownership groups looking to develop multifamily portfolios by assisting with deal sourcing, underwriting, capital planning, and market research. He also works on strategic management changes to maximize property values for owners. Luke holds a BSBA from Colorado State University and is a Certified Commercial Investment Member (CCIM) and Accredited Investment Fiduciary (AIF).

 

Join us today as Luke shares his experience working with and investing in businesses, and how living with Zeal is an example of his passion for changing the paradigm.

 

 

[00:01 – 11:51] Opening Segment

• Luke describes how he has progressed through a number of different jobs.
• He shares that he is currently in a unique position as the CEO of a real estate development company that is involved in employee benefits and retirement planning.
• Luke talks about ResProp’s Founder Peter Rex shifting their investment focus from traditional multifamily investment into technology.
•  Operators Turned for Better Yield

 

[11:52 – 23:31] Is Technology Making It Easier or Harder to Run a property?

• Technology is changing the way that property management is done and how it could be a game-changer for those who are interested in investing in rental properties.
• Having a full-time staff on-site would be beneficial, but it may not be necessary in the future due to the advances in technology.
• How to work with potential investors in the pre-acquisition phase.

o  The market is still in a good place, with high yields and consistent prices.

 

[23:32 – 30:18] Underwriting a Renovation Project and why is Florida the Newest Place to be.

•  Luke underwrites deals for investors and provides market surveys and proformas to help them make informed decisions.
• Luke enjoys the Tampa market and has relocated to Bradenton Florida because of its growth potential.
• Tampa Florida, is attracting businesses and people due to its low cost of living, favorable tax laws, and young population.

 

[30:18 – 32:50] Closing Segment.

 

Find out more and connect with Luke through his: LinkedIn or email him at [e-mail]

visit their website at www.respropmanagement.com to learn more.

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To know more about me and all the real estate opportunities you can find, you can connect with me on LinkedIn, Instagram, and Facebook, or check out my website https://smallaxecommunities.com/ and book a call with me.

 

Tweetable Quotes:

“I think something that we've been overlooking as an industry is, call it the quality of life or quality of social interaction onsite. So, what I'm thinking is I don't know that we don't need to add more human interaction. Now it doesn't need to be W2 labor, and it can be other residents or something” – Luke Leins

 

“If you're not going to be 100% fully invested in something, then why do it right?. If we're not going to have 100% zeal in what you’re doing. Either change it or go do something that you're going to be 100% passionate about. So really living with zeal is something that I've been trying to do and that I hope continues to be a part of my identity.” – Luke Leins