Demographically Driven Multifamily Real Estate Investing with Michael Zaransky
Finding and sticking to a chosen path in real estate investing can bring tremendous results. On this episode of Zen and the Art of Real Estate Investing, Jonathan interviews Michael Zaransky, the founder and managing principal of MZ Capital Partners, which focuses on investment, property acquisition, and development. Michael's journey provides insight into finding a niche early in your real estate career, starting with triple-net leases before transitioning into multifamily properties.
Jonathan and Michael delve into Michael's unique journey and perspectives. They explore why Michael opted for a law degree without pursuing legal practice. The conversation shifts, and Jonathan and Michael discuss the advantages and challenges of technology in real estate. Michael shares how to evaluate emerging neighborhoods for potential investment and the strategic considerations between building new developments versus acquiring existing properties. Michael explains why he prefers land acquisitions over properties with established structures and the nuances of selecting unit configurations for optimal returns.
You’ll hear the appeal of traditional multifamily models, Michael's entrance into the Knoxville single-family market, and ongoing investments in Chicago. He explains the role of amenities in renting multifamily housing, the evolving rental preferences and why generational differences impact those, and the challenges in scaling up equity in syndications.
Some key points Jonathan and Michael underscore include:
While the internet has undoubtedly made renting properties more efficient, the downside is that it is now a 24/7 business.
You can spot emerging markets by the businesses that begin moving into the neighborhood.
Often, building new multifamily buildings is more profitable than existing properties.
Amenities matter. Pet-friendly and modern kitchens can make a big difference to tenants.
Starting a real estate career in multifamily properties can be intimidating, but with the right guidance, it can be a lucrative sector for new investors.
If you want to learn more about Zen and the Art of Real Estate Investing Podcast, check out http://www.trustgreene.com/podcast/zen/133 .