All Forum Posts by: Benjamin Pekarek

Michael,

Provided you're not looking to lowball everything you see, I work almost exclusively with investors, and own 8 units myself. Give me a call, or shoot me an e-mail. 

-Ben

William, 

Wholesaling and brokering without a license are very similar. One is legal, one is not. By putting "Realty" into the name of your company, I would assume you're licensed. A quick search of the database shows you're not.

@John Thedford, care to add anything?

What kind of property management are you needing? Commercial or Residential?

-Ben

Josh,

Congratulations on your setup, you've set yourself up nicely to get started!

Personally, I would start with MFR as you typically have at least 50% or more of your tenants paying at any given time. The upside of SFRs is the ease of resale. For the immediate moment, use the cashflow of MFRs to get your cashflow started.

Good luck!!

-Ben

I use Pesaturo Cleaning for my trashouts.

Unfortunately, BP doesn't allow us to post contact information. Go figure! If you want his contact information, shoot me a DM, or an e-mail.

-Ben

Jason, 

The benchmark in Pinellas/Hillsborough, etc. is right around 10% per anti-trust laws, there is not, nor will there ever be a "standard".

Our fees are a $250 advertising fee to procure a tenant, a $100 document fee to sign a lease, and 10% of what we collect with a $75/mo. minimum (i.e. if you have a $500/mo. property, it's flat $75 when we collect. No fees are charged if we don't collect.

Before you select management, always, always, ALWAYS interview three companies. 

Best of luck, and if we can be of service, don't hesitate to reach out.

-Ben

Dan,

We do a lot in Hardee, Highlands, and Polk. What price point per unit are you at?

-Ben

Ricardo,

Cloud brokerages exist as all transactions must be under the oversight of the broker. 

Provided all documents, and all clisings pass through the broker's designated systems, there's no laws broken.

Provided the office is registered under the broker, even if you're the only one working there, it isn't an independent office. You'll run into problems if you just go rent an executive suite and don't tell your broker about it, and don't register that office with the DBPR.

-Ben

Bob, 

If you have a specific request, I'll be happy to send a CA/NCND, and full financials proving whatever market you have an interest in. As it stands, I've stated and proved my position using sold listings, as well as currently listed properties. Remind me one more time why you're so interested in this infornation?

Furthermore, the OP was in regards to assistance in finding properties for purchase. As you haven't listed a license, nor reside in any of the three markets mentioned by the OP, how can you in any way assist? From your actions tonight, I have to assume you are just a crotchedy retiree with nothing better to do than pick a fight over a market several hundred miles from your stated home base.

And for the record, FOR A CLIENT, no, I would not be establishing market CAP just from "declared NOI and listing [sales] price".

If a client has an interest in an asset, sales comps (no older than 90 days) are pulled showing sales price, rent rolls, & P&Ls, to determine CAP. Said CAP is then put against current NOI for the given asset determining whether or not the asset of interest is within current market parameters. If it isn't, either a below list offer is made, or it's back to searching for a suitable potential property.

You, however, are NOT a client, you have no intention of purchasing a property (Do you work for free?), plus we're on a holiday, on the tail end of a holiday weekend!

As it stands, I have provided you metrics from three Realtor's associations, true listings, both current and sold, and given you a breakdown on two of my personal properties.

I don't know what else I can do to humour you, nor do I care. Have a good night.

Sales price, as well as list for metrics posted, declared NOI in listings. There's no pleasing you, it's midnight EST, and I'm through wasting my time on your stupidity. You will never be purchasing from me, nor do I plan on working with you. I'm tired of proving my point to you for your continued asinine comments. If you still want to take this up in the morning, contact several commercial agents in the three markets listed. Other than that, have a great night.