Mistakes to Avoid When Managing Assets with Kyle McKinney, Ep. 618

Kyle McKinney is the visionary behind Pentagon Property Academy, an ecosystem comprised of community, education, and mentorship for property owners. Having recently launched in the multifamily space with an emphasis on sound multifamily asset management, Kyle is determined to empower property owners, syndicators, and landlords on how to execute asset management with unparalleled efficiency and impact. Kyle's illustrious career is a testament to his capabilities. At age 24, he contributed his expertise to top-ranking officials at The Pentagon. By 27, he was a part of the revolutionary realm while working at Apple. Among his most noteworthy achievements stands his C-suite leadership in orchestrating a $700M+ commercial real estate portfolio's exit to a REIT. Kyle received his B.A. from George Mason University and his MBA from The University of Southern California. In this episode, we talked to Kyle about his consultation services, scaling a portfolio in the real estate market, sustainability, what happens after investment is done, business plans and how to stay on track with implementing them, mistakes that property managers/owners make, and much more.   Announcement: Learn about our Apartment Investing Mastermind here.   Asset Management; 02:24 Kyle's background; 04:09 Different businesses that Kyle's providing his consultation services; 07:48 His path in scaling a portfolio in the real estate market; 10:23 An insight into sustainability; 12:20 Tips on post-investment routes; 15:32 Staying on track with the implementation of a business plan; 19:47 The biggest mistakes property managers make with asset management; 22:54 An example case study; 24:14 Round of insights   Announcement: Download our sample deal package here.   Round of Insights Apparent Failure: He made mistakes during public occasions that he overcame the more he pushed on. Digital Resource: Tableau. Most Recommended Book: Who Not How. Daily Habit: Meditation, working out, and journaling. #1 Insight for being a great asset manager: Calmness: being able to see things clearly, with a calm demeanor. Best place to grab a bite in Los Angeles, CA: Open Sesame.   Contact Kyle: Website: https://pentagonpa.com  E-mail: [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.