Build-to-Rent: Land Acquisition, Due Diligence, Funding, Flip vs Hold & Property Management
This is a practical, experience-based discussion for anyone looking to understand how build-to-rent projects are actually evaluated, funded, and operated.
Build-to-rent deals are very different from buying existing rental properties, and this conversation walks through how those differences actually play out in real projects.
In this discussion, Daniil Kleyman shares how he approaches build-to-rent development from evaluating land and zoning, to structuring financing, to deciding when it makes sense to sell versus hold long term. The focus is on how these deals work in practice, not theory.
You’ll hear how land is valued based on what can realistically be built, why due diligence and entitlement matter so much, how construction and permanent financing are typically structured, and where developers often get into trouble by being too aggressive with rent or expense assumptions. The conversation also touches on long-term portfolio strategy and why property management plays a big role in protecting build-to-rent assets over time. Topics covered include:
- How build-to-rent projects differ from flips and value-add rentals
- Evaluating land using zoning, density, and real-world site constraints
- Due diligence, rezoning, and entitlement considerations
- Construction loans, permanent financing, and refinance risk
- Common underwriting mistakes around rents and operating expenses
- When it makes sense to sell vs. hold a build-to-rent project
- Why in-house property management can matter long term
This is a practical, experience-based discussion for anyone looking to understand how build-to-rent projects are actually evaluated, funded, and operated.
Build-to-rent deals are very different from buying existing rental properties, and this conversation walks through how those differences actually play out in real projects.
In this discussion, Daniil Kleyman shares how he approaches build-to-rent development from evaluating land and zoning, to structuring financing, to deciding when it makes sense to sell versus hold long term. The focus is on how these deals work in practice, not theory.
You’ll hear how land is valued based on what can realistically be built, why due diligence and entitlement matter so much, how construction and permanent financing are typically structured, and where developers often get into trouble by being too aggressive with rent or expense assumptions. The conversation also touches on long-term portfolio strategy and why property management plays a big role in protecting build-to-rent assets over time. Topics covered include:
- How build-to-rent projects differ from flips and value-add rentals
- Evaluating land using zoning, density, and real-world site constraints
- Due diligence, rezoning, and entitlement considerations
- Construction loans, permanent financing, and refinance risk
- Common underwriting mistakes around rents and operating expenses
- When it makes sense to sell vs. hold a build-to-rent project
- Why in-house property management can matter long term
