Dylan Marma

If you stay at the table long enough, you’ll eventually be dealt a pair of aces.

@TimelessArie Agreed - a hard reality to come to terms with

With 8+ years of experience as a full time real estate investor I’ve come to one firm conclusion. You simply have to micromanage and be in the weeds on absolutely everything. I used to think you should delegate and scale. Wrong advice IMHO if it’s not your own team. And even then you gotta be in the weeds. Any counterpoints??

Portfolio Yield on Cost: 8.6% Total Cost: $136.1M (all-in debt + equity) T12 NOI: $11.6M Portfolio DSCR: 2.24 Measuring our yield on cost is our guiding North Star, as it indicates the yield generated to service debt, produce cash flow, and create long-term value for our investor partners. A year ago, we were at 8.5%. Since then, we’ve sold one of our high-performing assets and acquired a few value-add opportunities. Considering how that initially impacted our YoC, we’re pleased with where we stand today and proud of the progress we’ve made at the portfolio level.

@realEstateTrent True for most of RE 🎯

Great returns means doing lots of small deals. Mediocre returns means doing lots of big deals. Great returns doing lots of big deals? Well, that doesn't exist.

@fortworthchris Great to hear, happy for you all!!

@ChandlerReedSMB Great group, hope to connect again soon!

Cc: @DylanMarma

SMB Work Tampa Happy Hour tonight And yes… I’m wearing two hats (When your friend + SMBootcamp alumni brings you swag from the company he recently acquired, you wear it)

@aryal1994 Great asset, wrong capital stack

Fort Lauderdale marina and RV park goes back to lender. 20.2 acre site called Fort Lauderdale Motorcoach Resort and Yacht Club. The property was purchased in 2021. The property has 255 spaces for RVs and a marina for boats up to 180 feet. The business plan was to: 1) upgrade and add amenities to the RV site, and renovate the marina with a new sea wall. 2) build a 200,000-square-foot motorcoach and other storage facility, possibly with dry storage The property was recently surrendered to lender via deed in lieu of foreclosure. For CRE updates, follow @aryal1994

@BrianHollenden Thanks, not a competition. With broad stroke assumptions, I’d say probably 100-125 pt spread on avg for todays market cap weighted for location/asset class, ~+275 spread over our current debt and a healthy amount of upside to realize before it comes time to refi

@DylanMarma Congrats Dylan! Our T12 NOI is only $1.4M How does your Yield on Cost compare to the current market cap rate of the portfolio?

Q2 Portfolio Yield on Cost: 8.5% Total Cost: $117.4M (all-in debt + equity) T12 NOI: $10M This metric is our guiding North Star, as it indicates the yield generated to service debt, produce cash flow, and create long-term value for our investor parters.

@NickDileone Appreciate it man!

@DylanMarma Always crushing it!!

@loganjrankin Inspiring to hear where you are today and what a difference a few years can make. We are working hard daily on our systems and building our leadership team so it's refreshing to hear the story of breaking through to the other side.

All company meeting today. Had a lot on my mind and many mixed feelings. Thought I’d write them out and share transparently. Started PM company w/construction arm in 2019 w/ 4 employees. *Managed 252 units and averaged 2 rehabs a month. All company meeting today. 150 employees. *We will break 5,000 units this year and average 135 rehabs per month. In 2019, I did everything and made the majority of decisions. The business needed me or day to day operations would not get done. Leasing, rehabs, accounting, customer service, and even delinquency. I learned it, executed it, and built the SOPs slowly. Today, I make no decisions and do nothing that affects the day to day operations. I spend my time on strategy for the company, developing my president of the companies, being a final interviewer for leader hires, and growing the company through new acquisitions. I sat back listening to the all company meeting today and it’s hard to explain the feeling. I created something where I had total control but no freedom and now I have almost no control but tons of freedom. What I did the first year is vastly different than this year. Letting go of things has not been easy and still isn’t easy. I feel great pride in the team I’ve helped build and even more joy in how they are growing and transforming the company without my direct involvement. I understand this is the highest value for my time, more freedom, and even better results. However, some days I find I miss the grind, the excitement of execution, the being in the trenches with the team, and being relied on for decisions. It’s difficult honestly and continue to work hard to figure these feelings out. Scaling a business from ground up is incredibly hard and I feel like not many talk about how hard it is as the founder to change roles and evolve quickly along with the company. Sometimes I haven’t even noticed the changes and how quickly they happened. We are succeeding but over the last 5 years we struggled too. Systems broke, people didn’t grow into their roles, we had to fire leaders and team members, we didn’t hire fast enough, we let down residents, I didn’t let go of things and trust fast enough, and I could list a bunch more… What we did to well was take time to reflect, change, adapt, and stay the course with core values. We invested heavily into leadership development and growing our team just as much as growing the company. We still have along ways to go, aggressive growth goals, and I’m sure many more problems to solve. We will just solve them differently, grow differently, and keep focusing on getting better in our roles one day at a time.

@torysheffer I've heard that title co's are the greatest business from many people. Let me know when the next raise is 😆

I'm a very small partner in a title agency and am convinced it's one of the greatest business models of all time. The company was started by 4 high producing resi agents. They recruited ~20 other top producers, and a few commercial brokers. I got invited to join and run my deals through here as well for a very small equity buy in. Not only do I get better rates on my own deals, but my distributions have already been ~4x my initial investment. One of my largest LPs who invests in every deal owns a title company as well. All this to say, amazing business.

@loganjrankin 🎯🎯🎯

I am only here to learn and connect with others doing cool things but also to hopefully encourage people to spend more time on their actual business vs just buying deals or raising money(can do both too). In my experience, I've seen many investors not slowing down to focus on making what they already own run better, operating effectively, and truly creating value for the long-run. Sometimes, myself included, its more fun to chase the next deal vs focusing on the deals or businesses you may already own. It took me 3 years to acquire 7 units. I want to encourage people that they can start small, they can keep equity, and they can play their own game vs following what everyone else does... Slowing down to understand the business fundamentals, getting better at them, and building lasting systems takes time... But that time slowing down can help you speed up later. I'm not here for adding followers, I don't raise money and wont ever, and am not selling anything(no coaching, mentor programs, etc). Hopefully my story and what I share helps a few people.

@KyleLGrimm Thanks!! 100%

@DylanMarma Incredible! Great part of the country.

301 sites added in Pigeon Forge. This brings us to 1,000 sites in Tennessee. Excited about this project and our increased presence in the smokies. Grateful for our investors, team members, and vendors who make this possible.

@FortifyCG Thanks man!

@DylanMarma That's awesome! Congrats!

@Antoine0364601 Thanks Antoine!

@DylanMarma Congrats !

@michaelwatson2 Thanks Michael!

@DylanMarma Congrats, Dylan!

@mhprvpmvp Haha boring I know, thanks man!

@GlennYaney 🤣

@ryan_voccia Thanks Ryan!