Currently CEO of TF Management Group LLC, Mike has been a real estate fund manager since 2009. Mike is a retired software executive who began investing in real estate in 2000. Today Mike manages a variety of funds, including the Tempo Growth Fund LLC and the Tempo Opportunity Fund LLC. Mike is known in real estate circles as “Big Mike” due to his stature, but more importantly, he is known for his personal integrity and for having a keen understanding of the financial aspects of successful real estate investing. Let’s dive in to learn more about real estate funds, and the benefits of hotel to multifamily conversion assets.
Announcement: Download Our Sample Deal and Join Our Mailing List [00:01 – 05:13] Opening Segment
Mike talks about his background.
He explains why they call him “Big Mike”.
He talks about the funds he focuses on.
Investment opportunities in converting hotels into multifamily after Covid.
[05:13 – 21:21] Real Estate Funds
Mike breaks down how the growth fund compares to the income fund.
What makes them different from a REIT.
He explains Tempo Opportunity and Tempo Income Funds.
Passive allocational losses vs. Passive investment gains
How they choose which fund managers they partner up with.
[21:21 – 27:20] Hotels to Multifamily
Three ways to get into multifamily deals.
Why Mike and his team prefer conversion multifamily assets.
Mike explains why conversions get stability a lot faster than ground-up and value add properties.
[27:20 – 31:30] Round of Insights
Having some sponsors that weren’t so good.
Most Recommended Book:
Driving kids to school.
#1 Insight for Multifamily Investing:
Focus on the most important metric and gain the highest confidence you can gain.
Best Place to Grab a Bite in Brooklyn:
Tweetable Quotes: “You learn a lot more from failures than successes.” – Mike Zlotnik
“Focus on the most important metric and gain the highest confidence you can gain.” – Mike Zlotnik
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