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Straight Up Chicago Investor Podcast Episode 197: Four Mistakes To Avoid When Underwriting Multifamily Properties

Mark Ainley - Friday, April 21, 2023

Multifamily property underwriting can be a complex process with many factors to consider. As an underwriter, it's important to be aware of common mistakes that can lead to inaccurate valuations or inefficient use of time and resources. Here are four mistakes to avoid when underwriting multifamily properties:

1. Relying too heavily on historical data

2. Overlooking physical and operational risks

3. Ignoring environmental factors

4. Underestimating competition

By avoiding these common mistakes, underwriters can ensure accurate and efficient valuations that save time and resources. To learn more about multifamily property underwriting, check out the full episode video.

Guest Info

  • Guest Name: Mike Morawski

  • Guest Company: My Core Intention

  • Guest Link: https://mycoreintentions.com/

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Author

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Mark Ainley
Investor, Managing Broker, and Property Manager
Price is what you pay, Value is what you get! I want to provide value to others and make some money along the way. I have a solid foundation in Chicago real estate because I am a Real Estate investor in both Residential and Commercial/Industrial markets while being a founding partner at GC Realty & Development LLC and co-host of Straight Up Chicago Investor Podcast. In the last 20 years we renovated 500+ properties, invested in commercial properties, managed over 7000 units/tenants, leased...
Price is what you pay, Value is what you get! I want to provide value to others and make some money along the way. I have a solid foundation in Chicago real estate because I am a Real Estate investor in both Residential and Commercial/Industrial markets while being a founding partner at GC Realty & Development LLC and co-host of Straight Up Chicago Investor Podcast. In the last 20 years we renovated 500+ properties, invested in commercial properties, managed over 7000 units/tenants, leased over 4,000 properties, featured on CNBC’s TV show The Deed, co-host on Chicago's AM560 Real Estate Revealed Radio Show, and invited to speak & sit on panels at numerous investment summits across the country. I have also been blessed with the opportunity to be a guest on over 30 top podcast platforms. GC Realty & Development, LLC, currently manages over 1,200 investment properties throughout the Chicagoland area. In 2019, 2020, 2020 and 2022, GCR&D was featured on the Inc. Magazine list of top 5,000 fastest growing companies in the United States. I take great pride in providing valued feedback to beginners and less experienced entrepreneurs on what steps not to take or what steps to take sooner in growing a younger business.
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