AREI 112 : Behind the Deals: Conversations with a Multifamily Broker Mike Marara
As the real estate market continues to evolve, it's essential to have the right partners to navigate the landscape effectively. In this regard, having conversations with a multifamily broker could be a great help.
A multifamily broker is a professional who specializes in finding, negotiating, and closing deals for multifamily properties. They can access off-market opportunities, analyze potential returns, and navigate the due diligence and closing process.
In this episode, we welcome Mike Marara, as he shares discuss some tips and best practices for dealing and conversing with a multifamily broker. Come join us and listen in!
Mike Marrara joined Capstone in 2020 and oversees our multi-housing sales in Tulsa, OK. He has established himself as a leader with a singular focus on the multi-housing market and his familiarity with the various submarkets and neighborhoods have helped him achieve strong results for his clients. Mike has been involved in over $100 million in transactions among varying property sizes. Mike has been instrumental in producing quarterly market surveys on the Tulsa apartment market.
[00:00 - 09:30]
• We welcome Mike Marara to the show.
• Mike Marara's background on how he started on real estate.
• From Tulane to Oklahoma and how he landed commercial brokers as his first clients?
• Where is Mike's main focus now and what component is he looking for in deals?
• The volume of sales that was being moved through the past years in Tulsa market.
[09:37 -17:08]
• What Mike saw in the first quarter of this year and what does he see moving forward?
• Why do people are mostly deciding to put their property on the market now?
• How often the cycle of increased rate happens?
• Mike's passion for books about economics that boiled it to basic stories
[17:10 - 30:54}
• The effect of realizing that the city of Tulsa's economy was not dependent on one specific industry?
• The great impact of Tulsa's revival of its neighborhoods and community.
• Moving to downtown Tulsa.
• Asking Mike Marara the Adventurous Four
Memorable Quotes:
"I'm here to help people succeed. I want them to buy something that they like, I want them to look at us as a broker as being a resource." - Mike Marara
Explore more. Adventure awaits!