All Forum Posts by: Carlos Pelegrina

@Anna Buffkin Thank you for your input. The guy is just the GC appearing in the papers he is not a partner. We are in middle of the proces, he has paid for some materials but didn’t get receipts yet. the bank pay the checks to him. And he gives the money my client expended in materials. My guessing is we should clarify every number before telling him he will not be doing the second part and request he give all that bank installment to the client with the risk of some possible problems with him there.

Lets see seasoned investors you take on this.
I'm helping a friend with a house hack in New Jersey, in my many years of design and construction never had a half *** as the GC doing this job; completely mediocre expensive and awful to work with.
we still have the outdoor to do that came with a different permit.

The GC, keeps telling he will charge for what he does, but I know he is waiting to do the outdoor because is a big number, and the last thing in this remodel.
I could do it for half the cost, and double the quality.

My questions are; does the person certifying the job for the bank care if the GC in the papers was the one doing the job? or just that is done properly?
do the town inspector care if the GC was the one who did the job.
its just a deck and some fences.

what would be a way around?
any idea?

Just for the ones wondering what my decision was... EXP was the winner, I am still learning but pretty amazed by the company resources, really overwhelming.

Hi BP friends, I'm looking to find a partner in crime to work with in NY & NJ areas.I am looking for a motivated person with real estate knowledge who is passionate about it, with whom I can discuss and create different type of businesses.

Ideally looking for someone who knows about financing, or can finance, who knows about numbers and how to grow a business.

On my part I have 30 years experience in architecture and design, I'm an architect not licensed in the states but with a lot of experience in residential and commercial architecture, national and internationally. I just became a realtor in NY, will apply for the NJ License, and have been part or REIANYC for the last two years

you can check my work and pages here

http://carlospelegrina.com/

https://carlospelegrina.exprealty.com/

I want to team with someone ethical and trustworthy, who helps and energise me to do and create a great business. Real Estate is fun and great with the right people around.

what we can do?

• We can flip homes- I know about Architecture and design, my work sells faster and for more that most, I have a great knowledge about products, and usually the forced equity I create for clients in in the 6 figures.. I want to do that in North Jersey or where the numbers make sense.
• We can build- I own a beautiful piece of land upstate I want to develop, I even quote with a prefab company who would build on my specs. I need someone to help me with some project decisions and the investment or financing, the return can be massive. I think development is the way to go for the big bucks.
• We can buy and hold in the area or out of states- I own one property I hope to BRRRR and hole to be able to grow exponentially. ideally as many in BP I would like to have passive income some day.
• We can create a tv show - i have the chance to present a reel for HGTV but still trying to find a great idea. (thinking about building contemporary homes upstate NY. but open to discuss anything that could be interesting

The problem is that I'm self employed with not a massive income and its hard for me to qualify for loans or finance myself.

The good thing is that I work on this full time, can put time, Knowledge, have experience, have an around 800 FICO and need to make this work.

Shoot me a line and let's talk, maybe we can collaborate or simply exchange some ideas.

Carlos

Hi BP friends, I'm looking to find a partner in crime to work with in NY & NJ areas.I am looking for a motivated person with real estate knowledge who is passionate about it, with whom I can discuss and create different type of businesses.

Ideally looking for someone who knows about financing, or can finance, who knows about numbers and how to grow a business.

On my part I have 30 years experience in architecture and design, I'm an architect not licensed in the states but with a lot of experience in residential and commercial architecture, national and internationally. I just became a realtor in NY, will apply for the NJ License, and have been part or REIANYC for the last two years

you can check my work and pages here

http://carlospelegrina.com/

https://carlospelegrina.exprealty.com/

I want to team with someone ethical and trustworthy, who helps and energise me to do and create a great business. Real Estate is fun and great with the right people around.

what we can do?

• We can flip homes- I know about Architecture and design, my work sells faster and for more that most, I have a great knowledge about products, and usually the forced equity I create for clients in in the 6 figures.. I want to do that in North Jersey or where the numbers make sense.
• We can build- I own a beautiful piece of land upstate I want to develop, I even quote with a prefab company who would build on my specs. I need someone to help me with some project decisions and the investment or financing, the return can be massive. I think development is the way to go for the big bucks.
• We can buy and hold in the area or out of states- I own one property I hope to BRRRR and hole to be able to grow exponentially. ideally as many in BP I would like to have passive income some day.
• We can create a tv show - i have the chance to present a reel for HGTV but still trying to find a great idea. (thinking about building contemporary homes upstate NY. but open to discuss anything that could be interesting

The problem is that I'm self employed with not a massive income and its hard for me to qualify for loans or finance myself.

The good thing is that I work on this full time, can put time, Knowledge, have experience, have an around 800 FICO and need to make this work.

Shoot me a line and let's talk, maybe we can collaborate or simply exchange some ideas.

Carlos

Originally posted by @Brian Garlington:

AllStar Property Management is who I use for 5 out of my 6 units in Cleveland. 

 do they do renovations also? I'm looking for a transparent efficient company.

Originally posted by @Nathan Gesner:

@James Wise

You can start by going to www.narpm.org to search their directory of managers. These are professionals with additional training and a stricter code of ethics. It's no guarantee but it's a good place to start. Regardless of how you find them, try to interview at least three managers

1. Ask how many units they manage and how much experience they have. If it's a larger organization, feel free to inquire about their different staff qualifications.

2. Review their management agreement. Make sure it explicitly explains the process for termination if you are unhappy with their services, but especially if they violate the terms of your agreement.

3. Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers. It may sound nice to pay a 5% management fee but the extra fees can add up to be more than the other company that charges 10% with no add-on fees. Fees should be clearly stated, easy to understand, and justifiable. If you ask the manager to justify a fee and he starts hemming and hawing, move on or require them to remove the fee. Don't be afraid to negotiate!

4. Review their lease agreement and addenda. Think of all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.

5. Don't just read the lease! Ask the manager to explain their process for dealing with maintenance, late rent, evictions, turnover, etc. If they are professional, they can explain this quickly and easily. If they are VERY professional, they will have their processes in writing as verification that it is enforced equally and fairly by their entire staff.

6. Ask to speak with some of their current owners and current/former tenants. You can also check their reviews online at Google, Facebook, or Yelp. Just remember: most negative reviews are written by problematic tenants. The fact they are complaining online might be an indication the property manager dealt with them properly so be sure to ask the manager for their side of the story.

7. Look at their marketing strategy. Are they doing everything they can to expose properties to the widest possible market? Are their listings detailed with good quality photos? Can they prove how long it takes to rent a vacant property?

This isn't inclusive but should give you a good start. If you have specific questions about property management, I'll be happy to help!

 Thank you for the suggestions... are really great!

Does anybody Know about a good management company in Cleveland OH.

Any out of state investor with a good history to tell or suggestion to make?

I will be happy to hear.

I have a two family home and looking to work with a good team.

@James Wise Are you implying day laborers are criminals????

Cleveland must be the only place where you don't find decent workers for daily jobs.
in most stated you can find them at home depot very early morning.


Originally posted by @James Wise:

Originally posted by @Kyle Lofland:

I have a rental property in Cleveland that i need quick help with for some day laborers.. When i was in Texas, it was very easy to find day laborers in a Home Depot parking lot, or on certain corners that everyone knew of..

Is there such an area in Cleveland for guys looking for a few days worth of work?

• Craigslist
• Jail
• Liquor store
• Local Drug Dealer's house

I'm working on a project in North Jersey and need an architect of record to check on my drawings and sign.

its a pretty simple straight forward job.

it is a two family renovation where there will not be change of CO.

I'm an architect in NYC but need to work with someone in NJ who knows the regulations and is licensed there.

if anybody has a lead, I would really appreciate.

Carlos