He Moved 1,500 Miles to Manage a Property with Darryl Murphy, Ep. 546

Darryl Murphy Sr is a Managing Partner with a proven track record in real estate investing since the early 1990s. With extensive experience owning and managing properties across multiple states, he has a comprehensive understanding of real estate markets and the investment landscape. Currently, he owns 24 units with 42 self-storage units in Dayton, TX, 80 units in Vicksburg, MS, and land in Chester, Pennsylvania, and has gone full cycle on 104 units in Augusta, GA. Darryl is also part of a team that collectively owns over $90 million worth of apartments and over 6,500 units. With a focus on continuous learning and professional development, Darryl has completed various educational programs and courses related to real estate. His qualifications include completion of Nursing, as well as advanced real estate courses such as Commercial Real Estate Certification, Real Estate Syndication, and Multifamily Real Estate Investing. Darryl is also an advisor and board member for several investment groups with a strong community focus. In this episode, we talked to Darryl about his extensive experience in real estate, insights on managing properties from a distance, the importance of on-site management, the significance of investor relations, and much more.     Announcement: You can join the Invest Beyond Multifamily Conference here.   Asset Management;   02:40 Darryl’s background; 03:07 What Darryl is working on these days; 03:40 Managing a property in Texas from New Jersey; 07:06 Key lessons learned on a particular asset; 15:42 Insights on “boots on the ground” management; 22:07 Insights on asset management; 26:29 How to take good care of the investors; 28:16 Info on Darryl’s Mastermind event; 29:52 Round of Insights     Announcement: Download Our Sample Deal and Join Our Mailing List   Round of Insights   Apparent Failure: Darryl’s first ever deal. Digital Resource: ActiveCampaign Most Recommended Book: Frederick Douglass: Prophet of Freedom Daily Habit: Praying to god every morning for all the opportunities, and the experiences to learn something new. #1 Insight for Diving into Managing Investor Relationships: Maintaining constant vigilance over one's property and actively tending to its requirements. Best Place to Grab a Bite: Moorestown, NJ: Firebirds Houston, TX: The Brisket House    Contact Darryl: [email protected]    Thank you for joining us for another great episode! If you’re enjoying the show, please LEAVE A RATING OR REVIEW,  and be sure to hit that subscribe button so you do not miss an episode.