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All Forum Posts by: Chris Scott

Chris Scott has started 1 posts and replied 4 times.

Post: Best Real Estate Economics Self Education Blog / Content

Chris ScottPosted
  • Rental Property Investor
  • Indio, CA
  • Posts 4
  • Votes 0

Just came across this post but no comments. Any luck finding historical data in the two months since posting? I skimmed your profile and didn't see anything about you being licensed as an agent but I know you can scrub data from the local MLS on leased properties...won't give you a 30 year history but 10 years would show rent progression of current cycle. You could then go vs appreciation in same area. Sounds like you're an excel wiz and this is just one variable factor. I thought I was chuggin along with google sheets but im learning that excel is the real beast lol

Post: Newbie MLS Question. Answers Appreciated

Chris ScottPosted
  • Rental Property Investor
  • Indio, CA
  • Posts 4
  • Votes 0

Hi @Stephen Spradley,

Technically the MLS (or Multiple Listing Service) is accessed by Realtors. You can have your real estate license and still not be a Realtor. It's strange but at least in CA where I am licensed, unless you are a paying member of the National Association of Realtors and therefor a member of your local association of Realtors, you are 1) not allowed to brand yourself as a "Realtor" and 2) you cannot have your own login portal to your local area MLS.

That being said, most all sites like Trulia, Zillow, Redfin, etc, all use syndicated information directly from the local area MLS. In other words, when I get a new listing and input that info and pics to the my local area "MLS", all of that info is basically immediately available on Zillow, Trulia, etc.

If you're getting the itch to go deeper into your goals, I would recommend playing around with searches on those big name sites like Zillow until you get an idea of the activity in your market. Look into the "Just Sold" in addition to the "Just Listed" because the just solds will give you the incite into what people are actually buying property for in your area. A phrase you will read a lot in these forums is that property is only worth what someone will actually pay for it...

As you get more confident, those sites also make it easy to find reputable agents to work with in your local area so you can start walking property. Happy hunting!

Post: How to find data on Unit Mix of a property not listed for sale

Chris ScottPosted
  • Rental Property Investor
  • Indio, CA
  • Posts 4
  • Votes 0

@Omar Khan thank you for your comment! Another facet to your idea comes to mind. I could call the manager/owner as a prospective tenant, and get unit mixes and even what they are asking for rent. Even if there was a database of unit mixes, I would still have to search individually so calling would just be an extra step. I appreciate your reply

Post: How to find data on Unit Mix of a property not listed for sale

Chris ScottPosted
  • Rental Property Investor
  • Indio, CA
  • Posts 4
  • Votes 0

First time poster here. Hi everyone!

I have designed a direct mail campaign to hit 5+ unit owners in a target city near me and I am running into a roadblock. 

I have my farm of addresses and owner information but I have not found any data about the unit mix of properties; specifically the properties that have never been sold on the MLS.

I have used my county assessors website and paid for reports but have yet to get a report that even includes a room count let alone the mix of studios, 1 bd/1bas, 2 bds, etc...

I understand there are other strategies to direct mail (like yellow letters or similar one page letters) but my goal is to hit a specific city, 5 to 40 units and include a market rent analysis of their property in the package i send to owners.

Does anyone know of solid data sites or strategies for obtaining the unit mix of a building?

Thanks BP!

-Chris

I am a licensed RE agent in CA