All Forum Posts by: Clay Monroe

78240 LEON VALLEY - SAN ANTONIO, TX

4/2 2000+SQFT
NO FOUNDATION! NEEDS ROOF, HVAC, COSMETICS!

$$  PP UNDER 221K $$

$$ ARV OVER 350K $$

CALL CLAY MONROE FOR DETAILS 210-772-1844

I sent you a connection request, but I'd love to shake your hand and talk to you about your goals here in the San Antonio market!

You are definitely going to want to do your due diligence here in San Antonio. With so many new builds going up the rental market has actually taken a bit of a hit. As with any investment property, as long as the numbers work out, you can always make money in any market. 

I've got a dedicated team of acquisition agents who provide my investors some of the best deals in San Antonio. 

One of our most exciting deals right now is a 3/1 near St. Mary's University. Great Fix/Flip opportunity, but would also make an excellent rental.

DM me for details!

@Bruce Petersen You are correct. All of my experience is in managing routine maintenance contracts for the Department of Transportation. My thought is that lack of proper and routine asset maintenance tends to cause a lot of premature deterioration on a lot of commercial properties that I see. I'm thinking that the same kind of process we use for DOT contract could be used on commercial properties. It would be 1) very hands off for the owner/manager so less headache for them, 2) maintain a high standard of curb appeal through touch up striping, crack sealing, concrete repair, landscaping, etc, and 3) would be charge on a flat monthly rate so there is no deviation from the budgeted amount for maintenance. I just have no experience in the commercial real estate side so I am trying to do some market analysis to see if people in the business also think there is some merit to the idea.

Where better to ask than on the Bigger Pockets commercial property forum? haha!

Any advice would be greatly appreciated!

@Ronald Rohde The long and the short of it is that I am looking to put together a business plan to start a service company that would effectively be a flat monthly rate that will cover any exterior maintenance needs for a commercial property, including concrete repair, pothole repair, tree trimming, crack sealing, etc. I don't know this for a fact but I would assume that the standard process for these repairs would involve calling one contractor to fix the concrete, one contractor to crack seal the parking lot(s), one contractor to handle landscaping, etc. I would think it would be a win win for a property manager to have 1 contract in place who handles all of these items with one flat rate to lock down the maintenance budget.

@Brandon Wells I would really appreciate that! Thank you so much!

Hey BP people! I was hoping some commercial property managers/owners could answer some questions for me!

How do you estimate the routine maintenance budget for a commercial property? Do you include the costs of parking lot/asphalt/concrete/traffic control devices in your maintenance budget? Do you include landscaping in your maintenance budget?

Any input would be greatly appreciated!

Clay Monroe

@Will Pritchett I'm glad you think so! I think too often people want to hide their mistakes and show off their successes. I want people to know it doesn't have to go perfectly for it to work out well.

@Tamara Deering

People kept telling us that foundation repairs were fairly common in our area, but we kind of thought they were just being nice! Haha! I will keep in mind your 3" comment. That seems like a very good rule of thumb to follow.