EP322 How He Left College to Invest in Multifamily and Acquired 350 Units in 2 Years with Brad Simtob
My guest today left college to invest in apartments when he was 19 years old, and he’s built a portfolio of 350 multifamily units with a team of 25 employees in the Lansing and West Michigan area.
And here’s the kicker—he’s only 20 years old!
Brad Simtob is the managing partner at Simtob Management & Investment. Today, Brad is going to talk us through his first 11-unit apartment building and the steps he took to get to 350 units so quickly. We’ll also discuss the systems Brad created for property management and maintenance, and how he managed to build a team of 25 employees during the pandemic when many people were leaving their jobs.
Brad also shares his appreciation for providing homes to economically disadvantaged residents, and why he likes working with section 8 tenants. You’ll also learn how Brad convinced his parents to let him drop out of college, and the model he’s built to scale into new markets.
I know you’re going to love this conversation with Brad. You can find out more about him through his website or contact him by email:
Today’s episode is brought to you by Green Property Management, now offering a $250 per unit project allowance to new clients in West Michigan. Text "Green250" to 21000, or visit them at https://www.livegreenlocal.com/.
And RCB & Associates, helping Michigan-based real estate investors and small business owners navigate the complex world of health insurance and Medicare benefits. Visit https://www.rcbassociatesllc.com/ to learn more.