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Optimizing Property Management & Asset Performance with Mike Taravella In this episode of Multifamily AP 360, host Rama Krishna welcomes back Mike Taravella, founder and principal of Niche Holdings. Mike shares key updates since their last conversation, detailing Niche Holdings' growth and scaling efforts. The discussion covers critical aspects of property management, including the most impactful metrics for driving NOI, strategies to improve occupancy and retention, and the importance of leveraging data over intuition. They also delve into the implementation of AI and SOPs to enhance property management efficiency, the importance of customer service, and how to maintain high standards amidst economic challenges. Mike illustrates these points with specific case studies of successes and challenges from his portfolio, providing invaluable insights for operators and investors alike. 00:00 Introduction and Guest Welcome 00:30 Mike Taravella's Background and Achievements 01:52 Data-Driven Property Management 03:53 Effective Marketing Strategies 05:49 Improving Attendance and Conversion 08:00 Handling Occupancy and Rent Strategies 10:49 Resident Retention and Quality 13:24 Property Management Meetings and Accountability 15:27 Leveraging Technology and AI 19:12 Operational Challenges and Solutions 23:04 Investment Strategies in a High-Cost Environment 25:20 Best and Challenging Management Experiences 29:11 Future Innovations and Personal Habits 33:26 Conclusion and Contact Information To find out more about partnering or investing in a multifamily deal: https://calendly.com/rama-krishna/ 252-292-2604 or email info@ushacapital.com STAY IN TOUCH ➤ ➤Linkedin - / rama-krishna-chunchu-2489241a3/ ➤Website: https://ushacapital.com/ ➤Book: https://www.amazon.com/dp/B08L2ZFVCF #multifamilyrealestateinvesting #multifamilymindset #multifamilyinvesting #multifamilyrealestate #multifamilymindsetreviews #multifamilysyndication #multifamilystrategy #multifamilydevelopment #multifamilyconstruction #multifamilypropertymanagement #multifamilyinvesting2023 #multifamilyconstructionprocess #multifamilyvssinglefamilyinvestment #multifamilyhome