All Forum Posts by: Bob Starlin

Welcome @Jon Roberts ,
I am from northern Missouri and am waiting for this weather to break a little so I can start attending the KC meetups and MAREI events on a regular basis, I hope to meet you there!

Bob Starlin

Thank you for this post. following.

Am I allowed to post about a new meetup group in this forum or is that only in the marketplace?
This is only for networking not buying or selling anything, so I wasn't sure if that is allowed in the local area forum.

@Matt Crawford
Hey Matt, I am not sure if you saw the post further up. I was just going through it again and @Logan Freeman mentioned that he is from KC and has some potential referrals he might be willing to help with.

Logan, I am profusely sorry I did not respond to your earlier response for some reason all I got notified of was the suggestion from Jessica Zolotorofe and I never bothered to scroll up two clicks. Humblest apologies. I am in the car at the moment, I will message you later if that is ok.

Thank you, sir!

@Matt Crawford
I'm sorry Matt, I didn't see your post for some reason until now. 
I haven't found one yet, but some other things have bubbled to the top of the priority list (we are still unpacking from our move, as well as the holiday season stuff). I am going to be back on the search soon and I will update you when I get something.

@Jessica Zolotorofe
Thank you, Ms. Zolotorofe,
I certainly appreciate your insight and also the taking the time to respond, that was very kind.
I understand the nature of the digital world we live in, and how it is unnecessary to be face to face in person for every meeting. However, there are times when "breathing the same air" as it were, as your professional representative is important to make sure there are no misunderstandings and misinterpretations. So, yes, I agree with your point that a good representative is better than a close representative. Excellent point actually, and I haven't ruled this out. If it comes to that, so be it.

However, that doesn't mean that there are no good professionals near me. I haven't been looking that long after all.
Kansas City is about an hour and a half, and as I mentioned I did find a few listed there that were marketing the points I was looking for, but they have not responded to my inquiries as of yet. So, I thought I would reach out on here to see if anyone can recommend someone that they are already familiar with that might be closer to me. I am in a niche between Des Moines, Omaha, and Kansas City, so I should have some resources somewhere within driving distance.

I am not averse to finding a good attorney to represent from me from Estonia, Beijing or the Marianas Island chain if necessary, but I thought I might find one close enough to shake hands with and see if I like them as a person first.

Most importantly of all of these things, if they are closer to me, the likely hood that they are familiar with my market increases. And, admittedly, selfish as this makes me, this also makes them a potential future resource for other things like brokers, lenders, investors that I might be able to tap into should the opportunity present itself, which is more important than whether they are another mass produced legal professional that knows where to obtain and cut and paste phrases from an online database so as to then bill me $350 / hour for their "expertise". 

Anyway, I really do appreciate your post. I agree with it all, I just wanted to explain why I am looking for someone close enough to meet in person first. Should that prove untenable, then Skype / Facetime for meetings it is likely to be. Maybe I can find a helpful attorney from New Jersey willing to help an old man ;)

Thank you for your time.
Have a great holiday to you and your family and co-workers if I don't talk to you again before then.

Bob

Thanks Austin,

That was crazy fast!
Ya, that's a little far. I am north of St. Joseph about 45 minutes. So, that would be like the exact opposite side of the state.

I hope there is someone a touch closer :)

Thank you very much though.

Bob

Good day everyone,
I am looking for an attorney in North Western Missouri (or easily driveable) that is experienced in Commercial Real Estate Investing and aspects of Asset Protection concerning real estate.

I have tried several searches and the couple that I came up with are in Kansas City (not very close, but that's ok, you can't have everything and 100 miles isn't a bad drive in the summertime) and none of them bothered to return my queries after multiple attempts. I guess they have far too many paying clients to be bothered.

If anyone can recommend someone I would be very grateful.

Thank you in advance.
Bob

@Sebastien Hitier , thank you for the response.
I do appreciate your taking the time to respond. I understand about trust, and all that, that would be why I mentioned the vetting process, however, I was curious what sort of mechanisms exist to help reduce the likelihood of the scenario I mentioned. Sorry, if I was unclear, and I do realize that this was a very specific case of bad management. Incompetence, true enough is much more likely.

Anyway, thank you for taking the time.

Bob

Good day,

I have a question regarding property managers (not self-managed).

Please forgive my ignorance, I have always cared for all of my own properties in the past, whether single family or duplex/triplex units. They were never that far from me and I wanted to save the money, until, it got it something I knew was beyond my capabilities.

(also, please forgive my long-windedness, I tend to ramble)

Anyway, my question concerns the professional property management process (2 parts actually).

1) I understand about interviewing and vetting a property manager (Due diligence in everything). So, when you find one and decide to go with them. How does the handoff process work from an existing property manager (if there is one)? If there are existing funds do those funds go to the seller of the property or are they considered part of the business? regardless, as I understand it, the tenants will be notified by the new manager of how and where to make their payments. These payments are then processed into an account held by the management company until some agreed on reserve level is met (including fees) and then the over amount is sent to the new owner (me). How are those funds held so that they don't disappear to the Carribean with someone from the management company? 

If that sounds ok, that's fine, I get how that works.
But, let's say this manager turns out to be... not so wonderful.

2) For whatever reason, I need to get a new manager. How do I implement the transition? Go in, tell the old company, sorry, it's not working out, it's not you it's me ;) and so forth and a new company will be taking over on such and such a day (immediately?) What requires them to handle maintenance requests during the transition? How can I be certain they transfer over my money or don't get snarky with the tenants or what not?

Well, this has devolved into a mess. I hope you can get something out of this diatribe of what I am driving at.
I may re-write it again to clarify later. I thought when I sat down I could make it clear, but looking now, meh, not so much.

Anyway, thank you for your time.
Have a great day.