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Drew Kniffin

11 Podcast Episodes

Latest 11 Sep 2021 | Updated Daily

Weekly hand curated podcast episodes for learning

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EP#124 Three Vectors of growth with Drew Kniffin

Creating Wealth through Passive Apartment Investing

As President of Nighthawk, Drew Kniffin manages all aspects of our portfolio, including acquisitions, asset management, and capital raising.Before joining Nighthawk, he owned 400 residential units himself. Andrew has a corporate finance and real estate investing career that spans a decade. After finishing graduate school (JD/MBA), Andrew was an investment banker providing corporate valuation analysis.

19mins

6 Sep 2021

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Episode #18: Leasing with Drew Kniffin

Real Estate Asset Management Podcast

Our guest for this episode, Drew Kniffin, is the president of Nighthawk Equity, a syndication group focused exclusively on buying C plus and B class multifamily assets. The topic today is leasing, and as an expert in this field, Drew shares what a good leasing strategy should look like, including the performance indicators for leases and leasing agents and how they have had to temporarily adjust their approach amid the COVID-19 outbreak. He talks about their trusted formulation and striking the balance between maximum rent versus maximum occupancy, and how they go about getting property managers on the same page. In terms of hiring the right people for your team, he encourages listeners to look for those guys who are adept at selling who will ensure that your properties get leased out. Key Points From This Episode:Learn about our guest’s role at Nighthawk Equity and the asset classes they focus on. Drew’s leasing formulation: maximum rent versus maximum occupancy. The asset manager’s role in communicating the leasing formulation with property managers. Other key performance indicators for leases and leasing agents. Nighthawk Equity's target numbers in terms of conversion and closing rates. What Drew and his team are doing to optimize their leasing strategy. Advice for newbies at the leasing game — spoiler alert — keep track of the data! How the COVID-19 crisis has impacted their team’s leasing strategy.  Tweetables:“When we’re looking at leasing, we want to be about 95% occupancy on our properties.” —  @DrewKniffin [0:02:05]“Leasing is the fountainhead of our industry. Everything flows from it and if your leasing is great, mostly everything else will fall into place.” — @DrewKniffin [0:05:25]Links Mentioned in Today’s Episode:Drew Kniffin on LinkedInDrew Kniffin on TwitterDrew Kniffin EmailNighthawk EquityPassive Income through Multifamily Real Estate Group on FacebookKyle Mitchell on FacebookGarzella GroupredIQAPT Capital GroupAPT Capital Group - YouTube Channel

11mins

18 Jan 2021

Similar People

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How to be a Great Asset Manager in Multifamily with Drew Kniffin

Building Wealth Through Commercial Real Estate

Drew Kniffin is the President of Nighthawk Equity, and he manages all aspects of our portfolio, including acquisitions, asset management and capital raising. Drew became an ‘accidental landlord’ in 2008 when he was unable to sell his condo and rented it instead. But it wasn’t until 2015 that Drew shifted his focus to small apartment buildings. Eight months and three deals later, he was able to quit his job and pursue real estate full-time.In this episode, he explained how he got started in real estate and explain the aspects of asset management.  He provides advice and guidance on how to be a great asset manager and why this is so important for the success of the operation.CONNECT WITH DREWEmail: drew@nighthawkequity.comWebsite: https://nighthawkequity.comCONNECT WITH USTo connect with Jonathan, you can send email at info@greystonecapgroup.com or schedule a time to chat. To learn more about real estate investment opportunities, join the Greystone Capital Investor Network.Thanks for listening and until next time, keep building wealth in commercial real estate!

25mins

2 Jan 2021

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Episode 120: Leasing with Drew Kniffin

Passive Income Through Multifamily Real Estate

Our guest for this episode, Drew Kniffin, is the president of Nighthawk Equity, a syndication group focused exclusively on buying C plus and B class multifamily assets. The topic today is leasing, and as an expert in this field, Drew shares what a good leasing strategy should look like, including the performance indicators for leases and leasing agents and how they have had to temporarily adjust their approach amid the COVID-19 outbreak. He talks about their trusted formulation and striking the balance between maximum rent versus maximum occupancy, and how they go about getting property managers on the same page. In terms of hiring the right people for your team, he encourages listeners to look for those guys who are adept at selling who will ensure that your properties get leased out. Key Points From This Episode:Learn about our guest’s role at Nighthawk Equity and the asset classes they focus on. Drew’s leasing formulation: maximum rent versus maximum occupancy. The asset manager’s role in communicating the leasing formulation with property managers. Other key performance indicators for leases and leasing agents. Nighthawk Equity's target numbers in terms of conversion and closing rates. What Drew and his team are doing to optimize their leasing strategy. Advice for newbies at the leasing game — spoiler alert — keep track of the data! How the COVID-19 crisis has impacted their team’s leasing strategy.  Tweetables:“When we’re looking at leasing, we want to be about 95% occupancy on our properties.” —  @DrewKniffin [0:02:05]“Leasing is the fountainhead of our industry. Everything flows from it and if your leasing is great, mostly everything else will fall into place.” — @DrewKniffin [0:05:25]Links Mentioned in Today’s Episode:Drew Kniffin on LinkedInDrew Kniffin on TwitterDrew Kniffin EmailNighthawk EquityPassive Income through Multifamily Real Estate Group on FacebookKyle Mitchell on FacebookGarzella GroupredIQAPT Capital GroupAPT Capital Group - YouTube Channel

10mins

7 Aug 2020

Most Popular

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S2 EP 110: Is NOW the Time to Ditch Your Job and Turn to a Full-Time Investor? with Drew Kniffin

REady2Scale - Real Estate Investing

It’s a common truth amongst pretty much everyone that what our life was just a few months ago is quite different today. For some, it may be extreme shifts, and for others a smaller adjustment. Either way, we are all in transition. However, change can also present opportunity! Listen along today to learn more about life as a full-time investor with our guest Drew Kniffin, and rather or not this might be the next big step you take in your career! Learn more about your ad choices. Visit megaphone.fm/adchoices

27mins

22 Jul 2020

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POWC #264 - Buying Cash Flowing Properties with Drew Kniffin

Pillars Of Wealth Creation

Welcome to Pillars of Wealth Creation, where we talk about building financial freedom with a special focus in business and Real Estate. Follow along as Todd Dexheimer interviews top entrepreneurs, investors, advisers and coaches.In this episode, Todd talks with Drew Kniffin about buying value-add cash flowing properties that can survive through a recession.Drew Kniffin is the president of Nighthawk Equity and manages all aspects of their portfolio, including acquisitions, asset management and capital raising. Before joining Nighthawk, he owned 400 residential units himself. Drew has a corporate finance and real estate investing career that spans a decade. After finishing graduate school (JD/MBA), Drew was an investment banker providing corporate valuation analysis.3 Pillars1. Time2. Don’t be too greedy3. Be cautious about investing in companies/industries where there is creative destruction Book: The Millionaire Real Estate Investor by Gary KellerYou can connect with Drew at drew@nighthawkequity.comInterested in coaching? Schedule a call with Todd at www.coachwithdex.comSign up for the Northstar Real Estate Conference at www.nreconference.com and use the coupon EARLYBIRD for $100 off.Connect with Pillars Of Wealth Creation on Facebook:www.facebook.com/PillarsofWealthCreation/Subscribe to our email list at www.pillarsofwealthcreation.comSubscribe to our YouTube channel: www.youtube.com/c/PillarsOfWealthCreation

44mins

20 Apr 2020

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Drew Kniffin President at Kniffin Capital Group

Money Matters Top Tips with Adam Torres

Drew Kniffin President at Kniffin Capital Group is interviewed in this episode.  Follow Adam on Instagram at Ask Adam Torres for up to date information on book releases and tour schedule.  Apply to become a featured co-author in one of Adam's upcoming books: https://www.moneymatterstoptips.com/coauthor --- Support this podcast: https://anchor.fm/moneymatters/support

10mins

15 Aug 2019

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Multi Family Cash Flow with Drew Kniffin - Ep. 70

The Nuts & Bolts of Real Estate Investing

Join us today with Drew Kniffin of Night Hawk Equity to discuss the fascinating topic of multi family cashflow, and how you can get involved much easier than you might have thought.

58mins

4 Apr 2019

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MB 141: Under the Hood of Asset Management for Multifamily Syndicators – With Drew Kniffin

Financial Freedom with Real Estate Investing

In a perfect world, we could syndicate a multifamily property and then sit back and wait for the checks to roll in. But in the real world, we must oversee the apartment buildings we’ve purchased and make sure they perform according to plan. What all is involved in asset management? What is the best way to communicate with investors? And how does your property manager’s competence impact the amount of work that falls to you? Drew Kniffin is the President of Nighthawk Equity, a firm committed to helping real estate investors achieve financial freedom through practical education and high-quality multifamily investment opportunities. Drew became an ‘accidental landlord’ in 2008 when he was unable to sell his condo and rented it instead. But it wasn’t until 2015 that Drew shifted his focus to small apartment buildings. Eight months and three deals later, he was able to quit his job and pursue real estate full-time. Now, Drew helps manage a 1K-unit portfolio through Nighthawk, and he also serves as a mentor with The Michael Blank organization. Today, Drew joins me to share his definition of asset management and explain the syndicator’s role in finding problems to solve during the acquisition process. He describes the significance of a good property manager, discussing how to gauge if a property manager is the right fit, what you should expect from a property manager, and how replace a property manager if necessary. Drew also covers reporting, offering insight around the level of detail to expect from your property manager as well as the key performance indicators a syndicator should monitor. Listen in for Drew’s advice on communicating with investors and learn what aspects of asset management can be outsourced as you scale! Key Takeaways Drew’s definition of asset management What you do once bought property Make sure performs according to plan What to look for in the acquisition process Capable, competent property manager Problems that can be solved How to find a good property manager Ask for stabilized profit and loss projections Learn how report, communicate with owners What makes for a great property manager Execute on marketing property, managing to budget Less than 10 minutes/month to review financials The reasonable expectations for a property manager Online listings, ads competent Changes made first time asked Interested in communicating The fundamentals of reporting Consult with bookkeeper, accountant re: details Know investors, report to desired level of detail How to determine if a property manager is not the right fit Micromanaging on smaller level as time goes on Change after 2 months if ‘managing the manager’ The key performance indicators to monitor Net occupancy Punch list items Actual vs. budget How to keep a property manager honest Require plan to deliver on budget Quarterly audits Drew’s advice on replacing a property manager Transition in middle of month Know what files need to transfer (e.g.: rent rolls, leases) Don’t use 30-day earn-out, bring in new team on Day 1 The fundamentals of investor relations Deliver ongoing communication (monthly report) Provide high-level qualitative and financial summary How to communicate with investors when things go wrong Build long-term trust by delivering bad news Be honest but have plan and follow up The value in uniformity of reporting as you scale Standardization affords control Software streamlines format, provides investor portal How syndicators should spend their time Raising money Finding deals Operations/systems The asset management tasks that VAs can do Keep investor information current End-of-month reporting Connect with Drew Nighthawk Equity Drew at Michael Blank Mentorship Resources Drew Kniffin on ABI EP027 The Financial Freedom Summit The Michael Blank Deal Desk Google Sheets Upwork Jing Loom Invest with Michael Financial Freedom with Real Estate Investing: The Blueprint to Quitting Your Job with Real Estate—Even Without Experience or Cash by Michael Blank Michael’s Website Michael’s Live Training Webinars Michael’s Coaching Program Podcast Show Notes Review the Podcast on iTunes

38mins

27 Dec 2018

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JF1061: Make Enough Money in Real Estate to Quit Your Job!! With Drew Kniffin

Best Real Estate Investing Advice Ever

He got started with single family investing. Like a lot of other investors, he scaled up from there, and after a while, he was able to quit his job. Hear how he knew it was time to leave his job, and how he scaled from single families to buying a 64 unit property. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: We were just hustling, looking to meet people. Made Possible Because of Our Best Ever Sponsors: Are you an investor who is tired of self-managing? Save time, increase productivity, lower your stress and LET THE LANDLORD HELPER DO THE WORK FOR YOU! Schedule Your FREE TRIAL SESSION with Linda at Secure Pay One THE Landlord Helper today. Go to mylandlordhelper.com/joe to schedule your free session. Subscribe in iTunes and Stitcher so you don’t miss an episode!   https://www.youtube.com/channel/UCwTzctSEMu4L0tKN2b_esfg

26mins

29 Jul 2017

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