Navigating the Multifamily Market with Ryan Smyth

Summary:

Welcome to another engaging episode of the Stash Cast, where we dive deep into the world of commercial real estate and prop tech. Hosted by Stash Geleszinski and brought to you by Needle, this episode features a conversation with Ryan Smyth, the Senior Director of Acquisitions at Stoneweg US, LLC. Ryan shares his journey from a small town in West Virginia to becoming a key player in multifamily acquisitions in Florida.

Key Discussion Points:

- Ryan's Background: Ryan discusses his diverse real estate background, from residential brokerage and new home sales to his current role in multifamily acquisitions. He highlights his education at the University of Maryland and his initial challenges breaking into the industry.

- Market Insights: Ryan provides his take on the current market conditions, including the competitive landscape, the impact of interest rates, and the differences between various regional markets.

- Experience and Strategies: Ryan emphasizes the importance of hands-on experience in property management and asset management. He shares anecdotes about his proactive approach, such as personally pressure washing properties to enhance curb appeal.

- ESG and Sustainability: The conversation touches on Stoneweg’s commitment to Environmental, Social, and Governance (ESG) initiatives. Ryan explains the challenges and benefits of implementing sustainable practices in multifamily properties.

- Future Outlook: Ryan reflects on the future of the multifamily market, the potential for deal flow, and the importance of being a good steward of investor capital. He also offers advice for others in the industry to stay patient and focused during challenging times.

Quote Highlights:

- "I come from a small town in the hills of West Virginia, and to be working in this industry and with people like yourself, I love every bit of it."

- "It's better to do no deal than to do a bad deal because we’re supposed to be stewards of other people’s money."

Contact Information:

- Ryan Smyth: https://www.linkedin.com/in/ryan-smyth-04b57120/

- Stash Geleszinski: https://www.linkedin.com/in/stasiugeleszinski/

Sponsor:

- Nedl: Predict future transactions with data and analytics. Learn more at https://www.nedl.us

Tune in to this insightful episode to gain valuable perspectives on the multifamily market and the evolving landscape of commercial real estate.