All Forum Posts by: Connor Stark

Haha, now this is a discussion worthy of a Monday. How experienced with caring for chickens are these tenants. I have a friend who wanted to get into raising chickens, and maybe he skipped over the rule book, but one of the chickens ended up killing all the others. It was a brutal hunger games coop. 

I'd stay away 

Real estate investing has shifted a lot in the last decade with the amount of tools that are now available to the average investor. Property management, buying/selling, analysis tools, Etc. It seems all sides of the industry have been influenced by a surge of new tech companies that seek to disrupt the business. 

Are there any platforms/tools/companies that you've began to incorporate into your business, have you enjoyed them yes or no, and why?

I, for example, love Rentometer. I know this one is already well known, plus they talk about it on BP a decent amount. It has improved my ability to analyze and accurately conclude on pro forma rents in an area, especially when out of state investing in an area I'm not as knowledgable about. 

@Dennis M. Harsh, but I completely understand how this is the style some landlords will use. Most of the time it's the financially better way for a landlord to handle any situation. There's variables you'll have to take into account @Christian Hall that I don't believe anyone on a forum without knowing the full extent of your relationship with the tenant will be able to answer. 

Maybe eviction is the best for this specific scenario... maybe you have a connection with this tenant and can approach the situation with empathy and work out a cash for keys that helps the tenant out if you'd feel better about it post fact. 

I do agree strongly with @Greg Scott. Get the 7 day notice in, there's zero downside. It only keeps your options open. You can explain to your tenant if they don't understand. It doesn't start the eviction process, but it does put you into position to if need be. 

@Tom Shallcross This is actually something I've struggled with in the past. I noticed myself making excuses for why something "didn't Interest" me anymore right once it started getting difficult and uncomfortable. Consistency is so important. Motivation comes and goes, but you need something deeper to push you past the times of less motivation. 

When looking back on to the start of your career, no matter how long you've been investing, there's a high probability that the you today has some wise words of wisdom for the you back then. 

If possible, and you had to pick one piece of advice to give your younger self, what would it be?

Think what tips you can give new investors to make their business as efficient, effective, and successful as possible. Also don't forget that it's important to enjoy the business as well. If you have advice on how to promote a positive work ethic, and maintain enjoyment with investing, please share.

@Joe Splitrock I understand your perspective, but personally I believe there are lots of benefits to gifting (or more so, just being friendly throughout their tenancy) to tenants. 

First, there's tenants of all sorts and nobody responds exactly the same given the circumstances or a landlords actions.There'll be people who disregard acts of kindness and who don't care, but there'll also be people who appreciate everything extra a landlord might do. You're humanizing yourself and reminding the tenant that you're not just this mysterious landlord collecting money. There's a fair share of tenants who will take into account that they have a nice landlord who they have a good relationship with. With a mentality like that, I bet the tenant is more likely to treat the unit better throughout their stay. The tenant will also have better communication with the landlord/PM which will lead to a smoother process all around. 

@Anthony Dooley @Jeff Willis I see your guys point, but in reality If I'm going to be helpful, I need to educate myself as much as possible. If there's new technology that would extend the roofs life and successfully repair any leaks, while saving the owner money to replace the roof, then it's my job to figure that out and implement it. He hired a property manager to take care of the building so that it's not his main task. 

@Chris Mason The tarp story... priceless. Yea I can definitely see how the drought could have caused some people to get lazy. 

@Brian Burke - Being newer to BP, I've already seen his name a few times. I'm taking the beginning steps in the syndication world and Brain has already added an immense amount of value. I perfect example of how beneficial this network of individuals can be. 

I've been helping manage a few commercial properties in Los Angeles. For many years, during the rain season, we've been dealing with leaks. The owner doesn't want to replace the roof because it's expensive, so with that option out of the picture, what can I do to help? Each year the owner spends money repairing, maintaining a roof, and deals with some unhappy tenants. Even with this though, the owner still feels its not worth it replacing. No tenants have left because of the leaks, the money to patch the roof is minimal, and it works for majority of the year in sunny California. 

I know there's some types of paint and roof sealant that might be effective. Does anyone have any cost efficient recommendations: 1) For any repair methods I might be overlooking? 2) Ways to stop puddles from accumulating on almost flat roofs (minimum grade).

Thanks Fam!

@Account Closed I have the audible version on my phone. I agree, It's very informative.