underwriting vacancy amount
Saturday, February 05
One of the biggest concerns when underwriting is when increasing rents by over 100 dollars and doing value projects, how much should vacancy increase in year 1. I talked to more experienced investors. Experienced investors said vacancy should not drop by more than 2-4% because you should priorit...
HOW YOUR VALUES AFFECT NETWORKING AND TEAM BUILDING
Monday, January 31
I am in charge of acquisition, investor relations, and coordinating with property managers (asset managers). I learned that in future deals, especially as we scale to more and bigger deals, I need internal partners (on top of external partners) to focus and run each aspect of the business. Ther...
the key to success is patience
Wednesday, December 22
I started studying Real Estate investing in 2018. In 2019, I started buying properties in Indianapolis, Indiana. But before I bought my first property, I was in “Analysis Paralysis”. I was just over-analyzing everything and not buying any deals at all. This is when an investor gave me a piece of ...
My Property Manager Fired Me!
Saturday, December 18
Yeah! My Property Manager fired me yesterday! Now let me explain what happened. We had flooding in one of my properties a few days ago. It inflicted damage to the gas heater and thus it needed replacement. Now my property manager came back with a quote and well – it was ridiculous! He quoted $4,0...
All Investors Have Their Own Investing Philosophies
Thursday, December 16
In a broader sense, I believe there are two main kinds of Investing Philosophies – the Conservative approach and the More Aggressive approach. I count myself as one of the Conservative Investors. I have talked to many investors who are more experienced than me. Some of them are conservative while...
How to Choose a GC in a New Market
Monday, December 13
Finding a new General Contractor (GC) is the first step you need to take when you enter a new market. At the same time, you also have to remain very careful while selecting a GC! So, it’s best you ask your property manager, broker, and other investors for recommendations. If you have good relatio...