All Forum Posts by: Brian Ortins

Mind sharing the funding source? I have multiple single family investment properties in the Tampa area and need to place long term financing on them.

I use QB for financial tracking,  with my bookkeeper and accountant, and Stessa as an asset management platform to review with stakeholders.

@David Zheng Congrats and would love to see a picture of the Lambo!  Had the opportunity to drive a Huracan Performante on the Vegas Speedway and no other car will measure up, LOL.

@Terrell Garren great post title! Got me to click and read.

@Tim Lovell out of curiosity, why did you choose to make offers on those locations? I have chosen Worcester County for my buy and holds, property management businesses but always interested in others experience in neighboring areas and States.

@Brian Ellis MA has a lot of great networking events. Reach out if you want to know which groups I like to attend for maximum networking value.

@David R. Not sure about your question.  You would assume the TAW status upon closing but you have the ability to give them a 30 day notice to vacate, and that you do not intend to continue the TAW terms, once you close on the property.  Whether they move out is different, but technically you can notify them to vacate or set new tenancy terms.  If your concern is quality of tenant, you could screen them to see if they meet your criteria.  Could also ask existing landlord to provide vacant unit/building so that you do not incur a possible eviction.  Lots of possible scenarios to cover in this post so reach out with specific questions.

@Tal P. Message me and we can schedule a call.

@Jay Khoury Feel free to reach out to discuss the Leominster market.  I own a property management company, which is located in downtown Leominster, that manages my rental property and my client's rentals.  I personally own 33 units which includes a 12 unit building in Leominster so understand from an investor's perspective.  We currently manage properties in Gardner, Leominster, and Fitchburg.  Happy to help.

@Nick Earls My rental portfolio is located in both Gardner and Leominster (currently own 33 units but manage over 100 units), due to the higher cash flow in Gardner and the appreciation that Leominster offers.  While my fix and flip business is based out of my Beverly, MA office, I do have an office in downtown Leominster that houses my property management business, maintenance division and Central MA real estate team.  We have been renting out our units in Gardner in less than a month if the units are renovated, or over a month if not renovated.  We have a list of qualified tenants but not enough renovated units in this market.  Construction costs are high so it is imperative to make the correct improvements to get top rent while not breaking the bank.  The Leominster rental market is definitely stronger than Gardner with higher rents, but the price per unit is relatively more expensive.  Although I am a licensed real estate agent, most of my rentals have been purchased off market via wholesalers.  

Happy to discuss your questions offline as there are too many details to cover in one post.