All Forum Posts by: Calvin Brock

Without any out of pocket expense from your development company, we want to vendor partner on your next development to increase profits perpetually.  It is in how your company will lease to see this perpetual increase in profits.  Please request a brief consultation in your response.  

Best,

Calvin Brock

Canesha,

Sorry for just responding. Thanks for reaching out with your expertise.  It's really appreciated.

Currently, A fully leased shopping center and 3 stand alone building owners make up a 8 acre commercial site. This shopping center has a Food Lion, CVS, US post office, and several retail business tenants renting from one private individual LLC owner. One of the stand alone buildings is also owned by the shopping center LLC owner. The other two stand alone buildings are separate individual owners.

My objective is to do a JV split agreement similar to the way you mentioned. Once I have them all under an agreement, I'll get the development approved. I'm connected to the city leaders to get the development approved. I can't see that being a problem.

A lot of the new developments in Charlotte have just a percentage of affordable residential mixed in with the market rate residential to get the incentives, cure the affordable housing problem, and slow gentrification.  The money is made up for the affordable housing in condo sales, apartments, and retail.  Hotels are coming more a part of new developments, too, with mix use projects.

I don't have money.  So I'm looking at syndicating.  Getting everyone under contract with a hypothetical rendering, getting the development approved, and partnering with a developer as a percentage partner.  What do you think thus far?

I'm interested in making the owners stakeholders in a new mix-use redevelopment with retail, office, and mixed-income in lieu of purchasing their properties. Is this kind of deal common? How does this deal work with the tenants' businesses? The goal of the city and community leaders is to not displace businesses and residents but revitalize the area.

Currently, A fully leased shopping center and 3 stand alone building owners make up a 8 acre commercial site. This shopping center has a Food Lion, CVS, US post office, and several retail business tenants renting from one LLC owner. One of the stand alone buildings is also owned by the shopping center LLC owner. The other two stand alone buildings are separate individual owners.

I'm interested in making the owners stakeholders in a new mix-use redevelopment with retail, office, and mixed-income in lieu of purchasing their properties.  Is this kind of deal common?  How does this deal work with the tenants' businesses?  The goal of the city and community leaders is to not displace businesses and residents but revitalize the area.

Investment Info:

Single-family residence other investment in Cherokee Village.

Ozark Gateway Realty leased to tenants using Jack and Landlords' guarantee in lieu of accepting security deposits. Their tenants not having to put up a security deposit allowed Gateway Realty to fill their vacancies.

What made you interested in investing in this type of deal?

Jack and Landlords started in 2014, so we were open to all risk of tenants. After doing business with Gateway Realty over 4 years, our model changed to only contracting with landlords that only lease to low risk tenants.

How did you find this deal and how did you negotiate it?

Ozark Gateway Realty contacted Jack and Landlords from our company's paid advertisement they received through the American Apartment Owners Association.

How did you finance this deal?

Jack and Landlords' guarantee is paid in 1/12 payments over 12 months, by tenants, in addition to the rent each month to their landlords. The landlord's guarantee was paid in full after 12 payments and stayed with the tenant throughout renewals. Landlords logged into their Jack and Landlords' portal, at the end of each month, and paid their premiums.

How did you add value to the deal?

When leasing to tenants using Jack and Landlords, landlords (property management companies) increase their value as follows:
1. Lease to more tenants without the barrier of a security deposit
2. Profit tax-free when tenant damages are lower than the month's rent amount that Jack and Landlords guarantee.
3. Increase renewals. Tenants see a second year lower payment, even with a rent increase, due to having paid in full the guarantee the first year.

What was the outcome?

Over 4 years, Ozark Gateway Realty continued to lease to too high a risk tenants that were above Jack and Landlords' risk tolerance.

Lessons learned? Challenges?

Because our landlords qualify their own tenants, Jack and Landlords issue guarantees to landlords that lease to low-risk tenants.

Tiffany,

Please send me your resume with a contact number to [email protected]  Thanks and I look forward to having a conversation with you.

Calvin

Here at Jack and Landlords, all residential landlords are our customers. As an independent, contractor sales representative you will build your own book of business with single and multi-family property management companies, corporate landlords, and individual investors. Your book of business will grow to an annual multi six-figure income through a monthly growing residual.

We make it simple. We do the servicing of accounts for you, so all you have to do is call on prospects, consult, and get them started leasing the business smart way with Jack and Landlords.

Requirements

• Current or former residential and/or multi-family property management experience preferred but not required
• Business to business and/or corporate sales experience preferred but not required
• Excellent at selling value of a product and how the value of the product impacts the business profitability
• Ability to get in contact with decision-makers
• Meet with company executives
• Working knowledge of CRM

Responsibilities

• Call on single and multi-family property management company owners/decision-makers
• Attend daily zoom meetings
• Build prospect list and industry network
• Update prospect calls in CRM
• Demonstrate and train prospects on how to use the company website to register and manage invoices in the customer portal
• Retain customers through relationship building and communication with customers

Skills

• Confident and persuasive when presenting in front of a group
• Able to filter through degrees of separation to get to decision-makers
• Persistent character
• Good planner

Take the sum of 65% of a month's rent of all the units in your portfolio divided by 2. This amount is your company's working capital without having to borrow or use investor capital. And this working capital is every year with turnover.

We become your 50/50 partner in helping your company grow. Jack and Landlords will contract with your company in guaranteeing a month's rent amount. Instead of leasing with a security deposit, your tenants will pay the non-refundable cost of your third party guarantee, 65% of a month's rent, on top of their rent each month to your company. Our guarantees are paid in 1/12 payments and paid in full at the end of 12 months. Your company then pays its 50% discounted invoice via its Jack and Landlords' portal at the end of each month. Tenants are happy to not pay the security deposit that they've saved up. Plus, tenants are given a 35% discount off, a would have been, a security deposit that's equal to a month's rent.

As previously stated, our invoices are discounted 50%, as an advanced claim payment, thereby, leaving your company 50% of the revenue to manage at its discretion. Do the math and your revenue covers beyond tenant damages and allows your company to profit revenue tax-free. Or, your company's revenue each month can be used at its discretion.

Increase your company's retention. Our guarantees are paid in 1/12 payments and paid in full at the end of 12 months. All guarantees stay in place and effective throughout all tenant renewal years. Because tenants will no longer have guarantee premiums when renewing, your company's retention will increase. Whether rent stays the same or increases by 4%, tenants will have a lower monthly payment when they renew, thereby, increasing retention.

We are the fiduciary way to lease for company growth and investor returns. The one change of leasing with Jack and Landlords, instead of security deposits, is too beneficial to pass up for your company growth and investors.

DO YOUR NUMBERS AND CALL US!

Ex.

Rent and security deposit - $1,500

Guarantee cost, 65% of rent - $975.00

Monthly(12) - $81.25

Landlord's 50% discounted invoice - $40.63

Example # of Units - 1000

Total Revenue - $975,000.00

Landlord's revenue, 50% - $487,500.00

26% tenants cause damages, 260

Cost if unit damages = rent - $364,000 / Landlord Profits $123,500.00

Cost if unit damages avg. $1000 - $260,000 / Landlord profits $227,500.00

We do not accept commercial office, retail, and industrial investors. We only accept multi and single-family residential portfolio investors! Thank you.

Address

4822 Albemarle Rd. Suite LL 142, Charlotte, North Carolina, 28205

Phone Number

(877) 275 - 0046

More ways to connect

• https://www.jackandlandlords.com

Overalll, looks like 28% of your terminated leases didn’t get their deposit back.  6 of 21 tenants didn’t get deposit returned fully.  Thanks Silvia.  Your info is what I needed.

 Great info Jennifer!  Thanks