Naeem Farokhnia, an engineer-turned-real estate investor and CEO of TheSFPropertyManagement Inc, shares his journey into real estate investing to eventually launching his own property management company.
Episode Summary
In this episode, hosts Nate Hedrick and David Bright welcome Naeem Farokhnia, an engineer-turned-real estate investor and founder and CEO of TheSFPropertyManagement Inc, a technology enabled property management company providing top notch services to tenants and landlords.
Nareem shares his inspiring journey of moving to the U.S. and eventually launching his property management company. He dives into the challenges of managing properties in high-risk neighborhoods, the value of vetting tenants and property managers, and how technology, like virtual tours, has transformed his operations.
About Today’s Guests
Naeem Farokhnia is a serial entrepreneur with 19 years of experience in engineering and technology working at high growth startups and fortune 500 companies.
Farokhnia worked at Vicor Corporation for a stint before joining Apple on their Power Management and MacBook Pro teams as an Engineer.
Farokhnia is now the founder and CEO of TheSFPropertyManagement Inc, a technology enabled property management company providing top notch services to tenants and landlords. His company has managed over 100 doors and 1,000 tenants combined. Naeem entered the multifamily space through his company, The Multifamily Holdings, where he helps business owners and engineers who are worried about stock market volatility and want more stability in their investments to passively invest in real estate without the hassle of managing properties, finding tenants, or handling maintenance and repairs.
Key Points from the Episode
Episode Highlights
“I think that would be a lesson when you find a good person in your real estate journey, just keep them. Don’t negotiate. It’s not all about price. Real estate is a people business in that the quality of work that they offer, how fast they are – it weighs way more than the price. Because if you, if you go with the cheaper one, it’s going to take them a long time. You’re going to eventually pay more.” – Naeem Farokhnia [17:54]
“For any maintenance issue, you need to have five vendors ready to go. A list of five vendors for HVAC, for roofing, for plumbing, electricity, flooring, painting. The top of the list is someone you have worked with before. They are responsive. The quality is good and the price is also good.” – Naeem Farokhnia [26:44]
“There are good deals out there everywhere. You just have to find them. You have to have a structure. How do you find them, how do you vet them? You have to be very careful. If you invest passively, you have to be very careful who the operator is and what their track record is, if they have integrity, if you can connect with them.” -Naeem Farokhnia [36:12]
Links Mentioned in Today’s Episode
- YFP Real Estate Investing 109: How Two Pharmacists Pay No Income Tax Through Real Estate
- https://themultifamilyholdings.com
- Naeem Farokhnia on LinkedIn
- YFP Real Estate Investing Facebook Group
- YFP Real Estate Investing Website
- Nate Hedrick on Instagram
- David Bright on Instagram
- Nate Hedrick on LinkedIn
- David Bright on LinkedIn
- Subscribe to the YFP Newsletter
- YFP Disclaimer
Episode Transcript
The transcript will be included following the release the episode.
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