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Kent is CEO of Hudson Investing, a multifamily investment company based in Indianapolis, IN which has invested over $8m in 625 units.

Helpful Links:
https://www.linkedin.com/in/kentritter
https://www.kentritter.com/ 

Best Way to Contact Kent:
Kentritter.com Contact page - sends you to his Calendly link
[email protected]

- It’s always important to personally speak with the sponsor for your deal. For Ken’s second deal he invested with a sponsor through a crowdfunding website that he never spoke with and all investors ended up losing money in the deal.

- Always ask your sponsor what differentiates them from other sponsors.

- Always ask for the contact information for other passive investors that have already invested with the sponsor. When you speak with the investors, it’s more to understand the process and less about whether or not the investor says good things about the sponsor.

- Kent adds value to his multifamily properties by partnering with local internet service providers to resell high speed fios internet to tenants

- Setting up SOPs and KPIs is always key to holding your team accountable and ensuring they meet their goals.

- Using smart locks to give prospective tenants access to units remotely for self-guided tours significantly reduces the time property managers need to spend working with that lead. It also eliminates the risk of prospects not showing up for a tour.
- Larger property management companies often will not manage any property less than 100 units. To overcome this issue, Kent realizes economies of scale in his business by having one property manager manage multiple smaller multifamily properties in the same general geographic area. The more units you can spread the property manager’s cost over, the cheaper the cost will be. 

- Keeping multiple security cameras recording on all properties at all times allows a property manager to more efficiently manage multiple properties remotely at the same time. This is achieved by laser focusing the property manager’s time on only the properties that need attention at any given time. This reduces costs by avoiding the need to have full-time on-site staff limited to one property.