Getting Your Numbers Right and Avoiding Stretchers with Jared Ash and Sid Shamim Pt.2

Dec 15, 2021

This is part 2 of my conversation with Jared Asch and Sid Shamim. Jared is the President and CEO of Firework Investments. Jared has worked for more than 20 years in public affairs and political consulting. He is a member of the Walnut Creek, California Transit Commission and he is on the Board of Advisors to the Contra Costa County Transit Agency. Jared has developed more than 218 MW of renewable energy projects and is LEED AP from the US Green Building Council and he also owns several investment properties in the Southeast. 

 

With him is Sid Shamim who is the Founder and CEO of Headway Capital Multifamily (HCMF) & Headway Property Management (HPM). His company owns and manages multiple multifamily assets in Houston’s key areas. Prior to finding his niche in commercial real estate, he had a decade worth of work experience in corporate oil and gas companies. Sid has over 10 years of experience in commercial real estate investment and his core team combined possess 100+ years of experience in real estate management. His expertise lies in strategic planning, business development, expansion and integration.  

Make sure to tune in until the end of this episode as we talk about reducing expenses, the role of property management groups, and offering technology packages. Listen in!

[00:01 - 04:42] Reducing Expenses

• Some properties have minimal rent growth 
• Importance of knowing if there is a hairline change to your business 
• The importance of the management on the ground

[04:43 - 10:57] Property Management Groups Buying Property 

• Thoughts on selling something you don’t believe in 
• Property managers are knowledgeable about the market 
• Incentivizing property management companies 

[10:58 -24:14] What’s Included in a Technology Package 

• Inclusions of a technology package
• How to work with providers 
• Majority of the market is a younger age group 

Tweetable Quotes:

 

“You can't operate under the basis of people being afraid.” - Sid Shamim

 

 

Connect with Sid and Jared on LinkedIn! 

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