All Forum Posts by: Betsey Davis

Hello all.  I work in the Greenville area with an institutional investor.  I am looking for a licensed agent or investor to get involved in the game there.  

Hey @Joel Owens I have a deal now that I would like your feedback on in Augusta GA.  Where could I send the info? 

116 Units exiting Tax Credit Program in Augusta, GA.  93% current occupancy with $43,000 monthly gross.  Under rented with new management and rental increases in process now.  $3,470,000.

Call for offers is July 14th at 4:00 pm EST.  

[email protected] for full financials and offering memorandum

55 Buildings totaling 116 units in historic Old Towne Augusta GA.  This portfolio is at the tail end of a DCA tax credit program and must be sold together.   Link below to additional information. 

https://drive.google.com/open?id=0B5z8eTxJ9_rtSzR6SUFiZE9feVE 

Opportunity to work with vastly growing and expanding Full Service Real Estate Investment Firm servicing multiple markets in GA, SC, NC, and TN.  So much to learn!! 

Auben Realty is currently seeking an Account Manager/Portfolio Analyst who will ensure client portfolios are invested in accordance with stated goals by participating in the development of a strategic investment plan, conducting regular investment reviews and reports, in addition to partnering with other functional areas of the firm to formulate a total investment solution to meet and exceed client expectations in accordance with the Auben standard.

Duties may include but are not limited to:

• Onboarding of new clients with investment assessment and recommendations.
• Build a thorough understanding of each department's goals, and what they provide to the client to be able to serve as an informed point of contact at any point in the process.
• Communicate realistic expectations with the client for each department, and work with the client as they transition between departments, ensuring that the expectations are being met.
• Work with agent to ensure acquisitions match investor criteria and that account is properly diversified.
• Work with Project management to set budgetary guidelines for renovation.
• Communicate and work with Property Management to set appropriate leasing timelines and rental rates.
• Conduct annual investment reviews and reports on high volume of accounts to ensure account objectives are current and appropriate and investments are consistent with objectives.
• Partner with other functional teams, i.e., Accounting, Sales, Project Management, Property Management, to formulate total investment solutions designed to meet clients’ financial goals.
• Review all red flags within client accounts and recommend solutions.
• Communicate with clients in person, phone or email to provide and review portfolio information and recommendations.
• Analysis of prospective portfolios for acquisition.

Desirable Qualifications:

• Knowledge of the investment landscape
• Basic theoretical and practical understanding of company investment philosophy
• In-depth knowledge of accounting platform
• Keen attention to detail
• Ability to discreetly handle confidential data
• Ability to make independent judgments as well as take direction from others
• Strong communication skills, both verbal and written, with ability to organize and express thoughts clearly and concisely
• Proactive planning and responsiveness to urgent needs
• Aptitude for, and enjoyment of, serving others with excellence
• Strong organization skills and systems acumen
• Aptitude and passion for learning new things quickly with a strong work ethic in an ever-changing environment
• Excellent computer skills with strong proficiency in Microsoft Excel, Word, and PowerPoint
• Developed analytical skills and experience with in depth analysis
• Display of integrity and professional behavior consistent with Company values and mission

Account Managers/Portfolio Analysts maintain frequent communication with clients, and leaders of Sales, Project Management, Accounting and Property Management. Account Managers will report directly to the Senior Account Manager.

A bachelor's degree is desired, preferably in Management, Business, Finance, Accounting, or a related field. Experience in a related professional environment is preferred. Pursuit of Chartered Financial Analyst (CFA) designation is a plus. Priority will be given to local candidates.

That don't. You deal with the wrong ones.

Full Service Real Estate Investment firm seeking full time closing coordinator and office administrative support.  Pay depends on Experience.  Looking for highly organized and motivated individual who wants to join a growing a successful team.  

Wanted: Competitors, Contrarians, Questioners, Life-long Learners, Dream-doers, Antagonists and Underdogs.

Applicants must have all of the following:

1. Thedisciplinetoalwaysdotherightthing.
2. ApassionforRealEstateInvesting.
3. Anunwaveringwillingnesstofailpubliclyandfrequentlyandkeepgoing.
4. Thebeliefthatwecanandwillgetbetter.
5. Amindsetthatwhatwearecurrentlydoingalwayscanandmustbeimprovedupon. 6. ACommitmenttoconstantlyseekoutadditionaleducationandknowledge.
7. Thedesiretoneverbeoutworked.
8. Theunderstandingthatactionisalwaysbetterthanperfection.
9. Theknowledgethatlargesuccessisnot,andwillnot,beasolomission.
10. A sincere disdain for the status-quo and mediocrity.

Relevant real estate experience is helpful but a distant second to a relentless, constant pursuit of improvement.

If you want to stick a sign in the dirt, take pretty pictures and wait for the phone to ring, we will not be a fit. There are several other brokerages in Augusta hiring.

However, if you take it personally when passing another company’s sign on the way to the office, odds are that you will feel at home with us.

Desire to face constant challenge and many nay-sayers on the way to greatness may lead to an interview.

If you are willing to struggle to create a truly new and unique real estate concept, apply now. The rewards will follow.

If you are this and more, or different, we want you on our team.

Send resume, statement of desire, manifesto or letter of intent to [email protected] 

WE are looking for sales people with a full time investor mindset. We offer the most unique platform for building your own career in REI.

Wanted: Competitors, Contrarians, Questioners, Life-long Learners, Dream-doers, Antagonists and Underdogs.

Applicants must have all of the following:

1. The discipline to always do the right thing.
2. A passion for Real Estate Investing.
3. An unwavering willingness to fail publicly and frequently and keep going.
4. The belief that we can and will get better.
5. A mindset that what we are currently doing always can and must be improved upon. 

6. A Commitment to constantly seek out additional education and knowledge.

7. The desire to never be out worked.
8. The understanding that action is always better than perfection.
9. The knowledge that large success is not, and will not,be a solo mission.
10. A sincere disdain for the status-quo and mediocrity.

Relevant real estate experience is helpful but a distant second to a relentless, constant pursuit of improvement.

If you want to stick a sign in the dirt, take pretty pictures and wait for the phone to ring, we will not be a fit. There are several other brokerages in Augusta hiring.

However, if you take it personally when passing another company’s sign on the way to the office, odds are that you will feel at home with us.

Desire to face constant challenge and many nay-sayers on the way to greatness may lead to an interview.

If you are willing to struggle to create a truly new and unique real estate concept, apply now. The rewards will follow.

If you are this and more, or different, we want you on our team.

Send resume, statement of desire, manifesto or letter of intent to [email protected] 

@Jeff Kehl This projection only includes taxes and insurance. No capex, repair, maint, vacancy.  Heres a better picture.  Everyone's maint, managment and vacancy projections would be a little different.  Here our ours.  

Purchase Price	$3,470,000.00
Rent Roll	$684,720.00
Management 10%	$68,472.00
Vacancy 7%	$47,930.40
Maint. 15%	$102,708.00
Tax	$43,587.00
Insure	$30,000.00
Op. Expense	$292,697.40
Cap. Ex	$100,000.00
NOI	$292,022.60
ROI	8.42%

Thanks Stan. I estimate a 7% vacancy rate which is a safe estimate from our firm. I included a $100,000 cap rate. I also included a 10% management feet and a maintenance fee and caped it out at just over 10%. Typically in larger circles people are using different vacancy and management rates. Often I find different investors using a flat fee or a percentage for capex. I'm happy to provide a pro forma for a serious inquiry. Every investor is different. Based on my numbers from our turnkey investment brokerage this caps at close to 11%. Apologies for any lack of information Stan. Thank you for looking out for the little guys.