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Commercial Real Estate Investment/Expert Profile
Expertise
I can not answer legal questions or provide legal advice, but other than that, I can answer most questions regarding Multi-family purchase, management, ownership, finance, maintenance, repositioning, and marketing. I can also answer almost any question related to the development or maintenance of the physical plant.
Experience in the area
I have been in the apartment business for 18 years. I started in the business as a maintenance supervisor, with the intent of learning all aspects of the industry from the bottom up. It took me about ten years to work my way to the ownership of my first property, and my own management company. I have semi retired now, and occasionally participate in partnership deals and consulting for institutional investors and private investors acquiring apartment properties throughout the US.
Education/Credentials
My formal education was through the University of Maryland during my Air Force career. I have completed multitudes of courses from various industry associations in the apartment business.
What do you like about this subject?
I have been actively involved in this business for 18 years. I enjoy all aspects of this business. Every market and every property in a market offers a unique oportunity.
What do you still hope to achieve/learn in this field?
I enjoy seeing the positive affects on the overall community when an apartment community is "repositioned" and begins to succeed.
Something interesting about this subject that others may not know:
This industry is the only economy proof industry in the world. Short of total economic and political colapse, the apartment industry can make you money no matter what the economy is doing.
Average Ratings
Recent Reviews from Users
K = Knowledgeability C = Clarity of Response T = Timeliness P = Politeness| User | Date | K | C | T | P | Comments |
|---|---|---|---|---|---|---|
| Jim | 05/06/09 | 10 | 10 | 10 | 10 | Thanks for your expeditious and consise answer ..... |
| darlene | 03/30/09 | 10 | 10 | 10 | 10 | we thought it was the BEST answer ..... |
| Sandy | 03/29/09 | 10 | 10 | 10 | 10 | I think I have found the best ..... |
| rashad | 03/27/09 | 10 | 10 | 10 | 10 | This was the best answer I've ever ..... |
Recent Answers from Troy Labani
2009-11-11 Comparing Multi-Family Homes:
Jena, I am typically much faster at responding to questions. I have been very busy lately, and so have taken longer than I would like to respond to your question. I apologize. There are many other
2009-10-06 Buying out Partner:
Jason, There are several ways in which to "own" property. The structure that you use has an affect on how you exit. The possibilities include partnerships, LLC, Tenants in common, and several other
2009-07-18 Thinking:
Karam, You have asked a great number of questions in your oration. I will do my best to encompass the entirety of it and summarize it as being the question of; "How can someone with no experience in
2009-06-26 Real Estate Syndicate:
Mike, First I would like to apologize for having taken so long to respond to your question. I normally respond within just a few hours at most, but I have been away for the past month and a half, and
2009-06-14 Contract for Deed question:
Andrew, First, my most humble apology for taking so long to respond to your question. I have been unavailable for the past month and a half, and failed to set my status on allexperts appropriately.
Answers by Expert:
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