CI 57 - Surviving Boom and Bust Cycles with Apartments with Rod Khleif

Rod Khleif is a passionate real estate investor who has personally owned and managed over 2000 apartments and homes. As an accomplished entrepreneur, Rod has built several successful multi-million dollar businesses. Khleif has combined his passion for real estate investing with his personal philosophy of goal setting, envisioning, and manifesting success to become one of America’s top real estate investment professionals.

As Director of Investments at REM Real Estate and Management, Khleif uses his expertise to guide the firm in identifying and acquiring undervalued apartment complexes and mobile home parks. Khleif specializes in implementing efficient management and communication to ensure profitability.

Giving back to the community is a major passion for Khleif. He is founder and long-serving president of the Tiny Hands Foundation, a children’s charitable foundation that leads several annual community charitable initiatives including: Back-to-School Backpack Brigade; provides thousands of new Backpacks filled with school supplies to community school children in need. Teddy Bear Brigade; provides thousands of Teddy Bears for community police department patrol cars to be given out by police officers to comfort children in distress. Holiday Basket Brigade; provides thousands of Holiday Gift Baskets filled with food and Christmas toys to community children and families in need.

Key Takeaways:

[3:11] The origins of Rod's real estate investing and lessons learned in 2008

[7:44] The possibility of a contraction coming in the real estate market

[10:54] The kinds of investors who will get clobbered in a contraction

[13:05] The struggles of owning a whole lot of single family houses

[16:20] What size apartment complex you need to get for on-site management to be plausible

[17:40] The class of apartments Rod is looking at and what cities he likes

[19:45] Finding a go