By Mike Ballard Outsourced operations have continued to gain traction in the multifamily industry as new technology and providers emerge. Many find themselves questioning if this is a quick fix or the dawn of a new industry-altering work model. Such practices may not fit perfectly into every business, but its versatility throughout a range of […]
Archive | Strategy
IMN Panel Recap: The Pros & Cons of Starting your own Management Company
By Mike Ballard I recently visited Atlanta, Georgia to moderate a panel at the 6th Annual Middle-Market Multifamily Forum Southeast on the pros and cons of starting your own management company. I was joined on the panel by ACRE CEO Melanie Gersper, ILM Capital and WE Communities CFO Mark Moore and Providence Investments CEO John […]
Single-Family Units to Multifamily Properties: One Client’s Strategy for Scaling Operations
By Mike Ballard When kicking off your career as a new investor, owner or operator, most people tend to start within the single-family sector before making the jump into the multifamily and commercial industry. Whether you are catering to portfolio growth or just acquiring knowledge of the trade, single-family units often serve as a starting […]
What ‘The Last Blockbuster’ Teaches Adaptation and Innovation
By Mike Ballard When is the last time you visited a movie rental store? It’s likely been more than 10 years. I remember going to Blockbuster with my family when my children were little to pick out our Saturday night movies. The kids always cared more about the snacks than picking the movies! My kids […]
Ascent Multifamily Breaks into Inc 500
Ascent Multifamily Breaks Into Top 500 in 2020 Inc. 5000 Fastest Growing Private Companies Las Vegas firm ranks No. 374 with a growth rate of 1,218 percent Inc. magazine announced today that Las Vegas-based firm Ascent Multifamily is No. 374 on its annual Inc. 5000 list, a prestigious ranking of the nation’s fastest-growing private companies. […]
Succeeding with Limited Resources, According to ‘Moneyball’
One of my favorite films is the Brad Pitt movie Moneyball, because it serves as a wonderful case study to showcase that, if a leader wants, he can look at challenges as opportunities and come up with unconventional solutions. It shows how an open-minded leader with limited budget valued the importance of data to assemble […]
Make Your Own ‘Field Of Dreams’
“If you build it, they will come.” Made famous in the renowned motion picture “Field of Dreams,” this iconic phrase depicts an admirable work ethic that is applicable to life beyond the screen. Field of Dreams, which celebrates its 25th anniversary this year, is certainly an entertaining movie for baseball aficionados, but it also offers a […]
New Opportunity Zones Rules Are Released.
The government’s rules give more leeway to funds and businesses looking to invest in distressed areas nationwide. The government released its long-awaited and latest set of Opportunity Zone regulations Wednesday, hoping to provide investors who have been on the fence with the clarity needed to begin developing projects in distressed areas nationwide. Under the law, […]
Bohemian Rhapsody: Learning to Turn Weakness Into Strength
Released less than a month ago, Bohemian Rhapsody, the story of Freddie Mercury and the band Queen, is already the highest grossing music biopic movie in history. And while Mercury was an amazing singer, it’s his strong business acumen that I most often remember. The man’s mind focused on solving problems, capitalizing on opportunities, and […]
What we can learn about branding from Chip & Joanna Gaines
I recently visited Magnolia Market in Waco Texas, the home & lifestyle store that supports multiple lifestyle brands by Chip & Joanna Gaines of HGTV’s Fixer Upper show, among many ventures. Chip and Joanna are beloved lifestyle entrepreneurs, with a home improvement empire that includes the Market, Magnolia Homes, books, the Hearth & Hand line […]
