All Forum Posts by: Bryant Hull

Thank you for the feedback, I need to figure out what the downsides are.

I think it could make sense. I think if you really want to develop and mentor investors you’d want to create a system that weens them from you and provides a way to invest independently from you after 2-3 deals, otherwise, the mentoring looks like a play for equity using other peoples money. 

 I’ll have to check this out thanks.

Thanks guys, apparently the word is rental arbitrage! @Ken Latchers not too positive on this idea? I guess I need to read some of the other posts on it to understand the why some might oppose it??

I am just curious if this is common or if it is being done in a systematic way. I own a decent sized property management company and I thought that this might be a way to generate additional cash flow within my company. Approach existing clients with the prospect of me renting their home with the intent to sublease it as a vacation rental. Obviously I would have to furnish the units and outfit it and deal with the constant turnover.  I am not sure how complicated it would get but I am liking the idea. It would be nice to talk to someone that has successfully pulled this off while being upfront and honest with the client. If you are doing it, what software and tools do you recommend?

I think there is value in not paying the “dumb tax” on you’re first couple deals but first deals are when $$ is the tightest for investors so you’d need to find a structure that provides enough value to entice paying for your guidance. What’s your pricing structure a flat upfront fee? An hourly consulting fee? RE gurus had made a lot of money selling their expertise but it’s a volume play.

No specific situations off hand, but in CA they are now requiring more than just a Doctor's note. The pet needs to be Trained and Certified as a Service Pet. The Certificate is harder and more costly than a Doctors note from a family friend. Too many tenants have been abusing this loophole. 

Occasionally we have applicants with service pets with a not from a physician. Wanted to hear what other management companies or landlords are doing. Thanks!

Scott, 

It may be a pain but narrow it down to 2-3 companies and visit their location and meet their staff. Any service is only as good as the people performing the work. Also, beware of the mom and pop shop that is short on technology and short on staff. 

@Lee L. Thank you for your suggestions this is a good point and may help in negotiations. We are looking to acquire the management contracts and fold them into our existing operation. The expense side would be completely different because we would not be taking on their lease, or any of their expenses. Our current staff would take on the new portfolio so we would not incur any additional payroll expense. Essentially, we are hoping to make their gross our net (or pretty close to it).  If their gross numbers are strong but EBITDA is weak this would present an opportunity to negotiate a lower price based on EBITDA. Great input.