How Alok Aggarwal Built Momentum Through Multifamily Asset Management
In this episode of the Lifetime Cash Flow Through Real Estate Investing Podcast, Alok Aggarwal shares how he transitioned from a long career in engineering and IT into multifamily real estate investing. After immigrating to the United States from India and spending years working in the oil and chemical industries, Alok realized he wanted more control over his financial future. Concerns about job security and long term scalability pushed him to move beyond single family investing and focus on multifamily properties.
What makes this conversation especially valuable is the practical breakdown of how multifamily asset management helped Alok quickly scale his portfolio. Within his first year in Rod Khleif’s Warrior program, he participated in three multifamily acquisitions totaling more than 140 units across Texas. The discussion highlights how underwriting, operational improvements, and hands on management can dramatically increase property value and investor returns.
Why Multifamily Asset Management Creates Value
A major focus of the conversation is how strong multifamily asset management directly impacts profitability. Alok explains how his team identified operational inefficiencies and added new income streams to improve property performance. Rather than relying only on rent growth, they implemented several smaller revenue strategies that compounded into substantial increases in property value.
Some of the operational improvements discussed include:
- Reserved parking programs that generated additional monthly income
- Internet service packages for residents
- Valet trash services
- Occupancy stabilization through proactive management and marketing
One of the most powerful examples came from a 47 unit property in Alvin, Texas. By introducing reserved parking at $25 per month per space, the property created roughly $12,000 in annual revenue. Using prevailing market cap rates, that operational change alone increased the asset’s value by approximately $185,000.
This portion of the conversation demonstrates why multifamily asset management is often the difference between average operators and successful investors. Small operational improvements can create outsized equity gains when applied strategically across an apartment community.
How Alok Evaluates Multifamily Markets
Throughout the episode, Alok repeatedly emphasizes the importance of local economic drivers when evaluating multifamily opportunities. Instead of chasing large urban cores exclusively, he targeted smaller Texas markets connected to strong employment centers and infrastructure growth.
For example, one property near Sealy, Texas benefited from its proximity to an Amazon warehouse and a newly announced Tesla battery plant. Another acquisition near College Station was surrounded by active oil production and energy jobs. Alok explains that understanding employment demand, schools, infrastructure, and workforce housing needs gave him confidence that these properties would maintain strong occupancy.
His approach highlights several key underwriting principles for multifamily investors:
Key Lessons From the Episode
- Focus on markets with stable or growing employment
- Visit properties and competing assets in person whenever possible
- Understand local demand drivers before investing
- Build relationships with brokers through consistent underwriting
- Learn every phase of the acquisition and management process
Alok also discusses how learning industry terminology, underwriting metrics, and broker communication helped him gain credibility quickly. Once brokers recognized that he understood cap rates, operations, and deal structure, they began sending him opportunities before they reached the broader market.
From Passive Participation to Lead GP
Another valuable takeaway from the episode is Alok’s progression from participating in deals to becoming the lead general partner on his own acquisition. He explains how partnering with experienced operators early on gave him exposure to asset management, capital raising, lender communication, legal coordination, and property operations.
By the time he acquired his third deal, he had enough experience and confidence to manage the entire acquisition process himself. This included sourcing the deal, coordinating financing, working with attorneys, managing due diligence, interviewing property management companies, and overseeing operations after closing.
For newer investors, this serves as a strong example of how mentorship, networking, and consistent action can accelerate growth in multifamily real estate investing.
About Alok Aggarwal
Alok Aggarwal is a Texas based multifamily investor and licensed real estate agent with a background in chemical engineering and IT. After years in the oil and chemical industries, he transitioned into real estate investing, initially focusing on single family properties before scaling into multifamily acquisitions. Through strategic underwriting and hands on multifamily asset management, Alok has rapidly expanded his experience across multiple apartment communities in Texas.
If you want to hear the full conversation and detailed insights, watch the podcast video or read the complete transcript below.
Multifamily Asset Management FAQ
What is multifamily asset management?
Multifamily asset management is the process of overseeing apartment communities to maximize profitability, increase property value, and improve operational performance. It includes managing occupancy, increasing revenue, reducing expenses, supervising property management companies, and executing long term investment strategies. Multifamily asset management plays a critical role in helping investors improve cash flow and grow equity in apartment properties.
Why is multifamily asset management important for investors?
Multifamily asset management is important because it directly impacts a property’s net operating income and overall valuation. Strong asset management helps investors increase rental income, improve tenant retention, reduce operational inefficiencies, and identify new revenue opportunities. Effective management can significantly increase the value of a multifamily property over time.
How does multifamily asset management increase property value?
Multifamily asset management increases property value by improving the income and performance of an apartment community. Investors can increase value through rent optimization, reducing vacancies, implementing utility reimbursements, adding premium amenities, reserved parking programs, internet packages, and operational efficiencies. Since multifamily properties are valued based on income, even small revenue increases can create substantial appreciation.
What does a multifamily asset manager do?
A multifamily asset manager oversees the financial and operational performance of apartment investments. Responsibilities include reviewing budgets, monitoring occupancy, supervising renovations, managing property management companies, analyzing financial reports, and executing strategies to improve returns. Asset managers also work closely with investors, lenders, and contractors throughout the investment lifecycle.
What skills are important in multifamily asset management?
Successful multifamily asset management requires strong analytical, financial, and communication skills. Investors benefit from understanding underwriting, market analysis, budgeting, property operations, lease performance, and capital improvement planning. Relationship building with brokers, lenders, contractors, and property managers is also essential for long term success.
How do investors improve occupancy in multifamily properties?
Investors improve occupancy by focusing on resident satisfaction, competitive pricing, targeted marketing, and property improvements. Multifamily asset management strategies often include upgrading amenities, improving curb appeal, increasing online visibility, and strengthening leasing operations. Maintaining strong relationships with residents can also reduce turnover and improve retention rates.
What are common multifamily asset management strategies?
Common multifamily asset management strategies include increasing rents through renovations, implementing utility billing programs, adding ancillary income streams, improving operational efficiency, and repositioning underperforming properties. Investors also focus on reducing bad debt, improving collections, and stabilizing occupancy to maximize returns.
How does underwriting help with multifamily asset management?
Underwriting helps investors evaluate whether a multifamily property can achieve desired financial performance. Strong underwriting identifies revenue opportunities, operational risks, renovation costs, and market trends before acquisition. Accurate underwriting provides the foundation for a successful multifamily asset management plan.
What are the benefits of investing in multifamily real estate?
Multifamily real estate offers investors recurring cash flow, scalability, tax advantages, and long term appreciation potential. Compared to single family investing, multifamily properties can provide stronger operational efficiencies and multiple income streams. Effective multifamily asset management helps investors maximize these benefits while reducing risk.
How can beginners learn multifamily asset management?
Beginners can learn multifamily asset management through mentorship programs, real estate education, networking events, podcasts, underwriting practice, and hands on experience with smaller properties. Many successful investors start by partnering with experienced operators before managing larger multifamily assets independently.
00:00:32:21 – 00:00:52:24
Rod Khleif
Welcome back to multifamily Rock star. So as you guys know, this is where we do deep dives into our guests deals. And we give you practical and actionable tips to actually go out and do your own first deal, especially if you’re new or, you know, new to multifamily, for example. And today I’ve got warrior, Alok Agarwal and, he’s a licensed real estate agent in Texas.
00:00:53:04 – 00:01:04:14
Rod Khleif
Been in the business for 14 years in, in single family and some multifamily. But the background is in the oil business, right. You’ve got a, a degree in chemical engineering, is that correct?
00:01:04:16 – 00:01:06:08
Alok Aggarwal
Solutely right. Yeah. Okay.
00:01:06:14 – 00:01:26:17
Rod Khleif
Okay. Well, welcome to the show, my friend. Why don’t you, tell my listeners, give us a little background on who you are. Why real estate? You’ve got a, you know, fairly high level degree in engineering, and you’re in you’re in Houston where, you know, there’s a lot of, oil happening. You were you worked with Exxon and and some chemical companies.
00:01:26:17 – 00:01:32:00
Rod Khleif
So why talk about your background a little more and why real estate here?
00:01:32:00 – 00:01:56:21
Alok Aggarwal
So thanks. First, thank you for having me here, rod. And, excited to be here. And, yeah, thanks for the call. This. Well, like, my background and why I’m here, the the, we came to this country as a, immigrant from India, New Delhi in 2000. And my first, my first place was when I landed here was in, Miami, Florida in, Doral County, that Doral County.
00:01:56:23 – 00:02:15:03
Alok Aggarwal
So I was there for like few months. And then I was, then I was moved to New York, and then I got a job in, ExxonMobil, my first job in 2001. So I moved here. So basically like, working with the, many chemical companies here and there. But from 2000 onwards, I’m in Houston only 21 years.
00:02:15:05 – 00:02:32:02
Alok Aggarwal
So, my journey is like mainly the it industry. I work in the IT industry throughout my career. And while working there I felt like, you know, the job is not secure. You don’t know what’s going to happen tomorrow. It’s very, you know, very complicated now. And more and more is going to happen with this I think is, coming.
00:02:32:04 – 00:02:35:09
Rod Khleif
Oh, yeah. I was going to wipe out a lot of it. Jobs.
00:02:35:09 – 00:02:59:10
Alok Aggarwal
Yeah, absolutely. My friend Tara, you know, we are talking regular basis. So everybody having a fear not today but tomorrow is going to happen. But like in 20 1718 I plan to, you know, go go into parallel with some single family homes we started with there and then I found single family home is a good way to start, but later on realized, like, you know, after Covid, like there there should be some better way to scale scalability point of view.
00:02:59:12 – 00:03:17:21
Alok Aggarwal
So then I plan for looking for multifamily and all that asset class, different asset class. And blended with the, the the short clip program, which I like very much in the when I took the first video, it was great. Grab it and no regrets. Very good. I didn’t do any. I didn’t I didn’t attend any bootcamp. I didn’t go anywhere.
00:03:17:21 – 00:03:19:14
Alok Aggarwal
I just attend you directly.
00:03:19:16 – 00:03:32:09
Rod Khleif
So you just watched the video and and it’s been all downhill since then. But just as a joke. So so so then you join the warrior program. And this was in 2025, I think. Is that right?
00:03:32:10 – 00:03:37:04
Alok Aggarwal
I joined late 2024. But I started in 2025. So and so.
00:03:37:09 – 00:03:40:01
Rod Khleif
What did you do in 2025. What did you accomplish.
00:03:40:03 – 00:03:58:04
Alok Aggarwal
But like I think as I joined the program, like everyone, I was scared, no doubt about it. Like I didn’t know where to start, how to start. Then I had your first one year event and that was impressive. I mean, I couldn’t believe who who am I, I am meeting, I have 500 units door. I have 600 doors, I have thousand.
00:03:58:08 – 00:04:16:23
Alok Aggarwal
So, man, this is you can do it. So then. Then I was planning to talk couple of folks and a couple of warriors. Then I said, okay, let me take some action, let me take some action. It took me some time to figure it out. And 2025, I was contacted by some warrior and he was buying a set, close to colleagues.
00:04:16:23 – 00:04:20:13
Alok Aggarwal
To you. I’m sure you’re familiar with the Texas College Station. The place here called.
00:04:20:19 – 00:04:23:03
Rod Khleif
College Station, right in Texas. Right? Okay.
00:04:23:04 – 00:04:39:23
Alok Aggarwal
Yeah, yeah. So he bought he bought a, multifamily there. Any contact me. Hey, do you want to participate here? I said yes, sure. And I can do the asset management. So I involved there. So that was my first breakthrough. And as we all know, first breakthrough is very important to to come to understand.
00:04:39:23 – 00:04:57:03
Rod Khleif
Sure, sure. I it’s it’s the hardest one. The first deal is the hardest. It’s the scariest. It takes the longest. And I see it with my warriors. Once they get one, the next thing I know, there’s like three. What just happened? They realize that the fear is all between their ears. And so, so that first one, how big was that one?
00:04:57:05 – 00:04:58:19
Alok Aggarwal
That was 36 units.
00:04:58:22 – 00:04:59:10
Rod Khleif
36.
00:04:59:10 – 00:05:04:19
Alok Aggarwal
Units. But this is units. Yeah, in College Station. Okay. Metro area. Yeah.
00:05:04:21 – 00:05:17:12
Rod Khleif
Okay. Okay. And, is it, I think it’s accurate that you ended up buying, three facilities in 2025. Another 62 unit and a 47 and a 47 unit. Is that correct?
00:05:17:12 – 00:05:32:18
Alok Aggarwal
That is correct. Yeah. So, like, back to back every three months. Six months? Actually every three months, we were, you know, there in the pipeline. So the first, the first one we did, Franklin, Texas, in College Station, I was cured. The first phase for the first pass, I went there, I said, no, this is not going to work is a small town.
00:05:32:18 – 00:05:50:12
Alok Aggarwal
It’s not going to work. Then I would I went there another time with the, with another warrior. We went through each apartment complex in a small town. We wanted to make sure the investors ourselves, we are not in the in the wrong place. And they were all around the pump jacks. You know, pump jacks are the oil, the small oilfields, you know.
00:05:50:14 – 00:06:03:20
Rod Khleif
Oh, they were right there. Pump jacks. Got it. Yeah. Your accent’s a little strong, so I may I may decipher some of the things you say from time to time. So pump jacks are are the are the pumps that you see in the middle of nowhere just pumping oil, correct?
00:06:03:22 – 00:06:22:18
Alok Aggarwal
That is correct. If you’re driving to Texas, you will see. Or by 10 or 36 some small machine is going up and down. That’s called projects. So those projects are nothing but getting some oil slowly slowly from the from the oil well. So when I went there I found there a lot of pump jacks all around and a big power plant.
00:06:22:18 – 00:06:30:20
Alok Aggarwal
Then I said okay maybe it is good. So basically I did my research, went there, went to the all apartments, hotels, all.
00:06:30:20 – 00:06:33:04
Rod Khleif
The competitors, all the competitors. Right.
00:06:33:06 – 00:06:45:10
Alok Aggarwal
And I found everybody’s like doing the, the praise, the one which we are. We were talking to to get it. So I mean, I said, okay, let’s do it. And then we close the deal and it is right now 100% occupied.
00:06:45:12 – 00:07:01:17
Rod Khleif
Wow, wow. Fantastic. Fantastic. That first asset in Franklin, that 36 unit, you did the deep underwriting. You saw that there were a bunch of wells around there. Now it’s 100% occupied. Do you recall what the purchase price was?
00:07:01:19 – 00:07:04:22
Alok Aggarwal
Yes, it was 1.8 million.
00:07:04:24 – 00:07:09:05
Rod Khleif
That’s not bad. And did you help raise money for it or did.
00:07:09:05 – 00:07:19:01
Alok Aggarwal
Yes. I just, when when we worked with the Warriors. So the plan was to, help in asset management because I was the only one close to that. That. Do you like that?
00:07:19:01 – 00:07:23:22
Rod Khleif
You live near it, right? So your boots on the ground to to help with the asset management. Got it. Yeah, yeah.
00:07:23:24 – 00:07:32:12
Alok Aggarwal
And I put some my money and then I didn’t do any capital raising that. No, no no I did, I did I did I did I small portion. Yes I think small capital is there also.
00:07:32:12 – 00:07:39:24
Rod Khleif
Okay. So you raised some money and and you’re responsible for the asset management on that team. Is that the same team that bought those other two assets?
00:07:40:01 – 00:07:40:23
Alok Aggarwal
No.
00:07:41:00 – 00:07:59:07
Rod Khleif
Okay. Different teams okay. Got it. Yeah okay. And and so again it says you talked to the residents, you walked around some small town, but you you felt like there was enough enough infrastructure, enough jobs to support the asset, which obviously is the case if you’re 100% occupied at this point.
00:07:59:09 – 00:08:00:14
Alok Aggarwal
Right? Correct. Yes.
00:08:00:14 – 00:08:12:02
Rod Khleif
Okay. Okay. And, and then, I see here your second deal was in Sealy, Texas, 67 doors. And why did you like that one?
00:08:12:04 – 00:08:40:08
Alok Aggarwal
Oh, that’s great question. So my whole whole concept like for me, for, for my investors, I believe like the the assets should be close to some, some place which is really appealing. Like the schools like the power plant like that. This one is the one we are talking Sealy Texas. It is next to Amazon. Amazon Warehouse. And at the time we signed the deal next month, Tesla announced their battery plant, which is like ten minutes from there.
00:08:40:10 – 00:08:46:11
Rod Khleif
So they’re they’re big battery plants, ten minutes from this asset. Wow. That’s huge. That’s huge. Because those are high paying jobs.
00:08:46:13 – 00:09:04:01
Alok Aggarwal
Absolutely. So it’s close to okay. So yeah it’s a it’s a it’s a very small town. It’s not a very small small town. It’s it’s a Houston metro area. But it’s just prompt me to, to work on the deal because of the location. It’s not far from me, like 30 minutes from my house, and I can very well manage there also.
00:09:04:01 – 00:09:10:05
Alok Aggarwal
So I’m there as a GP and working partially in the asset management, but I raise the capital in that one.
00:09:10:11 – 00:09:25:01
Rod Khleif
You did raise capital on that one. Got it. Okay. And then your third deal the same year was 47 doors in Alvin, Texas, which is another Houston metro Houston MSA, little, outlier to talk about that deal, 47 doors.
00:09:25:06 – 00:09:32:16
Alok Aggarwal
This is the deal which I was looking for since the beginning, like I wanted to do, you know, from start to end, because in your.
00:09:32:16 – 00:09:41:02
Rod Khleif
Program, you wanted to be the main GP and do, do, do the whole thing rather than participating with some. Okay. So you did all by yourself.
00:09:41:04 – 00:10:05:19
Alok Aggarwal
Kind of like I learned from your your last words. I mean, we should know each and every part of your deal. So starting from your deal, finding deals, sourcing alloy and your. So that was the part of your program. Like once you once you know each and every aspect of your of your dream. So then you know capital raising, talking to the lawyer, working with the lawyer, making the company’s formation and then you closing the deal, working with tons of documents.
00:10:05:21 – 00:10:17:16
Alok Aggarwal
And I was on the on the loan as well. So like, kind of like, working from each section of your deal and close the deal and then now, right now I’m managing. So I’m the frontrunner for the deal. So that is really, really in a big you’re.
00:10:17:16 – 00:10:40:07
Rod Khleif
The main GP we call it okay. And so what will happen a lot of time guys just give you a little backstory here is you know like in the warrior program there are a lot of GPS teams. And typically there’s one main person that that kind of heads it up, heads up a team. And you know, the that’s why, you know, if you’re interested in this business, you need to get around people that are doing it, whether it’s in the Warriors or not, but get around.
00:10:40:07 – 00:11:01:02
Rod Khleif
People are doing it because then you know, your first you do your first deal or two with a team. You add value like you added value with asset management and some and some raising some equity on that second deal. And and then you’re able to do it yourself. You don’t you don’t have to you know, you know, take a smaller slice of the deal that you would if, you know, initially.
00:11:01:04 – 00:11:17:03
Rod Khleif
So you were the, you were the lead GP and, and on that 47 unit, you got, you got agency debt, it looks like. And you, you basically manage the whole process. And you know, you’re talking about talk, you know, where you get with the syndication attorney. You have to do all the organizational charts. They do all that for you.
00:11:17:03 – 00:11:35:22
Rod Khleif
But you know being involved in that process, the operational documents, obtaining the loan, signing on the loan, dealing with all the, the, you know, the which is, you know, can be a little cumbersome. You know, all the different details. They, they, they make you go through to get the, to get the debt. So you learned a lot, right?
00:11:35:24 – 00:11:55:13
Rod Khleif
You learned a lot on that one. Yeah. Now, you know, you understand the whole process. And now and so you interviewed the property management companies. You’ve got a third party property management company there. Okay. Now you’re working with that property management company to help stabilize that asset. Would that be accurate? So what was the, what was the, occupancy when you purchased it?
00:11:55:15 – 00:12:19:05
Alok Aggarwal
Absolutely. Like the the time we bought it was like 96, 97%. It was just opposite to Alvin High School, which is the my strongest point. You cannot like you’re driving there. You will see that that apartment complex instantly. So that was my driving force. We bought it at 94, 95% occupancy. And the occupancy went down because we didn’t anticipate the person who was handling this.
00:12:19:07 – 00:12:25:17
Alok Aggarwal
She kind of, you know, parking here and there. So it went down to 84, 85% within 2 or 3 months.
00:12:25:19 – 00:12:28:14
Rod Khleif
I’m sorry. She was what was she doing? Was she misstating.
00:12:28:14 – 00:12:35:19
Alok Aggarwal
Kind of like trying to take the, the, the, the the residence from that apartment to the one she moved to another apartment.
00:12:35:19 – 00:12:56:22
Rod Khleif
Oh, you. Gotcha. Gotcha. So she she she poached she’s poached some of the residents because they liked her. Whatever. Okay. That’s that. I haven’t heard that one before. That’s that’s I mean, I could see that happening. But but that’s unusual that a person that she can actually get them to actually move to another complex. She must have probably offered some incentives or something.
00:12:56:22 – 00:13:11:10
Alok Aggarwal
Yeah, absolutely. Yeah. Who are these renewals do? And she, she was there for many years. So then we didn’t prepare for that. So then I rolled up my sleeves. I was there for almost twice the price. So we did a lot of promotions. We do a lot of marketing. Currently we are 100% occupied within like.
00:13:11:10 – 00:13:12:10
Rod Khleif
One more fantastic.
00:13:12:13 – 00:13:20:10
Alok Aggarwal
We bring it back 200 because the 80 is the 80 is good workforce. People up there working in oil companies nearby. Right. It has to be.
00:13:20:10 – 00:13:27:23
Rod Khleif
So there’s a big demand. Yeah, there’s a big demand is what you’re saying. Yeah. Fantastic. So what are you going to do to increase revenue there?
00:13:27:23 – 00:13:47:15
Alok Aggarwal
We did already. We implemented that’s I learned from your program. Like, you know, you had to bring the revenue higher. That’s your goal. And we implemented the very first day we we, bring the resort parking lot, the shaded one, not the covered one, covered one, but like the we we just got $25 for each parking spot we bring.
00:13:47:15 – 00:13:50:13
Alok Aggarwal
46, 40 are occupied right now.
00:13:50:15 – 00:13:54:17
Rod Khleif
So 40, 40, 46 of the parking spots are occupied.
00:13:54:18 – 00:14:03:24
Alok Aggarwal
Yes. We we, we brought 46, 1 to 46 number. The reserved parking out of 46, 40 US 40 are taken by the residents. So basically.
00:14:03:24 – 00:14:05:07
Rod Khleif
Oh that’s fantastic.
00:14:05:09 – 00:14:07:02
Alok Aggarwal
Yeah. Within one month. So.
00:14:07:04 – 00:14:23:03
Rod Khleif
But we’ll see you guys. What he’s talking about here is 25 bucks a month. So there’s 46 spots. You rented 40 of them, which is fantastic. I mean, just to do the math on that, let me I don’t know what that, what? The cap rate is over there. Do you have an idea what the cash rate is at.
00:14:23:03 – 00:14:26:11
Alok Aggarwal
Six 6%, 6.56%. Is the cap rate.
00:14:26:13 – 00:14:52:18
Rod Khleif
Okay, so. So, what about point? Oops. Hold on, hold on, hold on. 12,000 divided by .065. Okay. That that 25 bucks a month for 40 spaces was $185,000 increase in value. Okay okay. So so this is why we love this business guys okay. So again let me give you the math because I get hate up for this all the time.
00:14:52:18 – 00:15:19:13
Rod Khleif
You can’t do math. You’re so stupid. That’s not 185. The math. Here’s the math. Okay. You take the $25 times 40 spaces. You. And that’s the $1,000 I actually, I was surprised it was an exact number, but you annualize that it’s 12,000. Okay, so you annualize it. Divide that by 6.5%. See what you get. $184,615. I exaggerated by $400, but 185,000 freaking dollars for some paint on the parking lot.
00:15:19:15 – 00:15:22:06
Rod Khleif
Fantastic buddy, what else have you done there?
00:15:22:08 – 00:15:27:17
Alok Aggarwal
But, like, the next step is we are going to implement the tech package to tech package. We are in tech tech.
00:15:27:17 – 00:15:36:05
Rod Khleif
So so like like, internet. And and their ability to control the temperature and things like that or not.
00:15:36:08 – 00:15:36:20
Alok Aggarwal
Oh, that’s.
00:15:37:01 – 00:15:38:12
Rod Khleif
Just just internet.
00:15:38:14 – 00:15:39:06
Alok Aggarwal
Just internet.
00:15:39:06 – 00:15:53:06
Rod Khleif
Yes. Just internet. So you you’re doing a global internet package and you make a couple bucks, it because you can sell it to them for less than they can get it themselves. And you make money because you’re buying it at a discount because you’re buying the whole complex. Yeah.
00:15:53:06 – 00:15:53:20
Alok Aggarwal
So that’s me.
00:15:53:24 – 00:15:54:09
Rod Khleif
Love it.
00:15:54:09 – 00:15:58:20
Alok Aggarwal
So that’s love it. That’s number two. And number three we are working on right now. Value threshold. So we send.
00:15:59:00 – 00:16:17:24
Rod Khleif
Out valet valet trash where they’ll pick up the tray. Yeah they’ll pick up the trash. Got it. Love it. All of those things go to the bottom line I mean you know every little dollar matters. The guys the way this works is every dollar you increase, the net income can be as much as 17 to $20 in value increase for every dollar.
00:16:17:24 – 00:16:27:24
Rod Khleif
So it’s it’s it’s exponential. Well, that’s really cool. So, so what what are you are you going for larger assets now or do you like these smaller ones now?
00:16:27:24 – 00:16:48:05
Alok Aggarwal
I got a confidence on speaking. I was not sure is going to work for me. Right. How I’m going to handle it. So I started with 4050 units to 60 units, 4050. And after after joining this program, like, we have such a huge, massive network where I believe a lot in like three days, I’ve been contacted by three different warriors in Houston.
00:16:48:05 – 00:17:09:00
Alok Aggarwal
I said, I mean, I told everyone I’m in Houston, I will be in Houston deals. So I’m getting contract for bigger asset class in Houston for my families to be work together. Something like that. To underwrite and to find out that I’m on the go. So I go to the place to find out is the asset is good or bad and very good in underwriting.
00:17:09:02 – 00:17:28:04
Rod Khleif
You do the initial you knew the initial look. If somebody says, hey, we got this deal in Houston, go check it out. And a warrior does that. By the way, guys, if you’re interested in the warrior program, if you want to apply, text the word crush to seven, two, three, four, five. That’s how you apply. Or actually, we just set up a link.
00:17:28:04 – 00:17:51:04
Rod Khleif
Hang on one second. I’ve got to, my daughter just told me. What? Oh. Go to work with Broadcom. There you go. You could go to work with Broadcom. Or you could text crush to 72345. And and you know and it’s a there’s an application process. We don’t take everybody. You look us over we look you over. But just to brag for a minute I believe my warriors now own upwards of 300,000 units.
00:17:51:10 – 00:18:07:08
Rod Khleif
Which it just blows my mind. We’re counting it. We’re like 275,000. So very, very proud of that. Plus tons of senior housing, self-storage, student housing, mobile home parks, industrial, flex space, all of it. As you as you know, Alec, are you coming to the warrior event at the end of this month?
00:18:07:08 – 00:18:08:10
Alok Aggarwal
Well, yes. Yes.
00:18:08:12 – 00:18:22:07
Rod Khleif
Fantastic four. Fantastic. Yeah. So we do these warrior events ever? I probably just do one a year moving forward, maybe two. But, to get to get them together, warriors together because that’s, that’s really what, what, you know, has this take off.
00:18:22:08 – 00:18:43:07
Alok Aggarwal
I would like to add, like, you know, the once I train the program, there’s so many terms I learned, which I did so many, rehabs and single family. But I realized after this program, I got a lot of information, tons of framework information, like which is, which is which. You have to understand with the multifamily, if you do not know, you can not talk to the broker right now.
00:18:43:07 – 00:19:02:24
Alok Aggarwal
After listing your videos, getting a program. I’m very comfortable talking to the brokers and believe me or not, I’m getting aware that there’s some calls from the big broker, like, you know, initially for one year or six months, nobody calls, nobody talk. But I learned, you know, anyway, cap rates and to understand those into into deep into those words, those jargon.
00:19:02:24 – 00:19:17:01
Alok Aggarwal
And so after this, I realize once you have a knowledge of underwriting, you can talk to those, those big folks, they will come back to you, they will send you the deals before you go into the market, and you can work on those. So this is all because of the program. I, I must,
00:19:17:03 – 00:19:23:11
Rod Khleif
Not thank you, my friend. Thank you. Are you okay with, listeners reaching out to you?
00:19:23:13 – 00:19:24:16
Alok Aggarwal
Absolutely. They’ve got.
00:19:24:16 – 00:19:25:16
Rod Khleif
A question. Okay.
00:19:25:19 – 00:19:34:03
Alok Aggarwal
I can be reached at LinkedIn with my full name. Allow a group, and I have my email along. Okay. BW at gmail.com.
00:19:34:03 – 00:19:35:08
Rod Khleif
So perfect.
00:19:35:10 – 00:19:40:02
Alok Aggarwal
More than welcome to answer your questions or to work together is a perfect.
00:19:40:04 – 00:20:09:22
Rod Khleif
Perfect, perfect. Well, listen, Alec, I appreciate you coming on the show. I’m very impressed that you did three deals your first year. And we see that, regularly. But, you know, that’s those they all sound like, like fantastic deals. And you picked a little niche, really, these these smaller, you know, tertiary towns, but still, you know, in the MSA of Houston, and you did your homework to make sure there’s enough jobs and there are, and that’s why you’re 100% occupied, which is fantastic.
00:20:10:01 – 00:20:18:09
Rod Khleif
So, awesome work, buddy, and Alec. Thanks, brother. It’s great to see you, my friend. Make sure you come up and say hi in a couple of weeks in Sarasota, okay?
00:20:18:11 – 00:20:19:23
Alok Aggarwal
Sure. Thank you. All right, all right.
00:20:19:23 – 00:20:27:23
Rod Khleif
Take care. And I thank you for doing that video for me as well. I really appreciate the little the little selfie thing. All right. Take care. But take care. Bye now. Bye.
