Multifamily Podcast Network

We always hear that death and taxes are the only things that are certain in this world. Rashmi Nigam would like to add another: trial and error. She learned this the hard way when they were looking for the right property manager to replace the previous manager who suddenly died days before they closed the deal.

What she also learned in this experience is the need to separate business matters from personal relationships. You can’t allow the property manager to get close with the tenants. Let’s get into the episode to learn why.


[00:01 – 04:29] Opening Segment 

  • I welcome today’s guest, Rashmi Nigam
  • Find Rashmi at the links below
  • Let’s get to know Rashmi

[04:30 – 09:32] Mistakes Are Okay If Not Repeated

  • Rashmi walks us through her start in multifamily 
  • Here’s Rashmi’s general philosophy in life you should hear
    • Make mistakes
    • Minimize risks
    • Don’t repeat the same mistakes
    • Repeat the first 3 steps 

[09:33 – 16:20] The Property Manager Died on Us

  • Rashmi’s response when their property manager suddenly died
  • Listen to Rashmi’s approach in finding a new property manager
  • How much should you let the property manager do their thing?
    • Rashmi weigns in
  • There should a boundary between the property manager and tenants
    • Rashmi explains 

[16:21 – 21:55] Numbers are Meaningless With No Proper Understanding

  • Who should be assigned to manage the property on-site?
    • Not the property manager 
  • Don’t just pay attention to the net operating income
  • Listen to Rashmi’s words of wisdom for today
    • Follow your gut
    • Know what works for you
    • Success comes in many ways 

[21:56 – 24:11] Closing Segment

  • Parting words from Rashmi
    • Pursue your dreams 
  • Final words from me



Tweetable Quotes:

“It’s okay to make mistakes. Learn to minimize your risks so you don’t lose it all, but don’t repeat it again because then you’re the fool.” –  Rashmi Nigam

“Just pursue your dreams. Go at it. Be brave” –  Rashmi Nigam



Email [email protected] or visit LinkedIn to connect with Rashmi. Check out their company online to learn more about their work. 



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