- Max Sharkansky: Investors love reporting. Investment is a business, and they want to know how that business is performing. Our communication process and our reporting process with our investors is a highly iterative process. For our investors who have been with us for years, they remember when we just sent out an email with a few lines on it and attached the financials and that was it.
- Max Sharkansky: Now, we've got very stringent quarterly reporting that includes the occupancy metrics, trending occupancy, trending gross income, trending net-operating income. We're showing graphs. We're giving a qualitative update with what's been happening. We're also showing before-and-after photos, especially if we're still in the renovation phase.
- Max Sharkansky: These are people's hard-earned dollars. It's the fruits of their labor and ultimately their nest egg, on which they plan to retire. They deserve a quarterly update, a quarterly report showing what's going on with that investment.
Max is co-founder of Trion Properties and oversees all aspects of acquisition, disposition, and property analysis for the company. Since founding Trion he has led the acquisition, renovation and disposition of over $300,000,000 in mismanaged and distressed assets, primarily in multifamily, yielding an average IRR in excess of 30%.
Max's driving objectives in investing are to deliver outsized returns without taking outsized risks and the words he lives by are that "real estate doesn't kill people, debt does."