All Forum Posts by: Daniel K.

Hi,

I've been working on some software to answer maintenance calls. It uses AI to collect information about the issue and creates a ticket so I can prioritize my time better. The reason for this is answering calls is very "synchronous." I wanted to use a bot to make the process "Asynchronous"; I just need it to collect all the info so I can review and prioritize in a batch.

If you're up for it, go to https://immocopilot.de/demo on a desktop, register your number (so the system can caller ID you), and call the number.

It needs the caller ID to show you a live transcript as it happens on the web and show you the ticket and call logs results. Of course, if it were an actual live system, it would just pull the info from the CRM... but this is only a test.

I live in Europe, so it's optimized for the EU, but I wanted some outside feedback.

Thank you!

Hi, 

If I could suggest a few more KPIs:

- DOM

- Pending vs Active

Thank you!

I'm personally being aggressive about rent increases. If they renew great, if they don't, it's a great excuse to sell off an asset that has appreciated a lot and try to position it into new ones.

Glib answer (maybe). 

Step 1) Whatever you did to get here, do it again. 

Step 2) Go to step 1.

Thank you, everyone. There's a lot of food for thought here that I'll have to chew through!

@Ronald Rohde - certainly an interesting idea. I have to admit, I'm a bit intimidated by the commercial world. The only commercial brokers I've dealt with were for corporate relocations and I certainly don't have the capital to buy a class A office building. Any tips on getting started? Loop.net? Is there a name for the type of commercial broker who deals in "small" properties?

Daniel

Yes, thank you. 

Re: Reasons

It's right now less "into SA" and more "out of Austin".

I'm just a little uncomfortable with *how* much the equity has appreciated in Austin. It feels like "dead money" since I can't (directly) buy a cheeseburger with home equity. While rents *have* gone up in Austin MSA, my return on equity has fallen, naturally. I could take each Austin property and turn it into two other properties... except maybe not with the new investor loan ratio guidance...

Re: San Antonio

San Antonio was only an example. 

I don't know anything about SA except there was a 24 hr Mexican place downtown my friends and I would go to when we were bored in the middle of the night and wanted "adventure". If I strip my response of all stupid jokes (example: SA/Austin re: best breakfast tacos):

1. I have a positive impression of the city

2. It seems less "crazy/tech-fueled-price-explosion"-y than Austin

3. It's a real city - i.e. multiple industries, diversified economy (in comparison to smaller locations like Bastrop, NB, SM, etc)

Other than that, maybe the only other reason why I mentioned SA is I lived in South Austin before so there's a comforting (emotional) comfort with SA driven by frequent day trips to SeaWorld with my children. I obviously have to do more research. The only thing I'm certain of is Texas... 

My question was less about the destination city and more about the mechanics of the intersection between, a few properties, 1031 exchanges, building a local team when you're not only OOS but out-of-country.

Re: suggestion of start slow - yes, thank you. I'm sorry that I wasn't clear before: whatever I do would be "slow" (unless I opted for selling the entire portfolio in a package).

Thank you for your replies so far. I appreciate it.

Daniel

Hi,

I want to solicit some advice about a move I've been thinking of for a while. I have a small portfolio of single-family homes in the Austin MSA. They have obviously appreciated quite a bit. This has me thinking about selling the whole kit-and-kaboodle and buying properties in a place like San Antonio. What's holding me back is my team in Austin is awesome (my team being: lender, realtor, property manager), and I find the prospect of finding a new San Antonio-based team daunting because...

1. The Austin team was found/built while I was living in Austin...
2. ...but since then, I've moved overseas.
3. The new agency rules re: ratio of investor loans etc.

I think I generally have two ways I could sequence this...

1. - Option A) Start the process of finding/building a relationship with a lender, realtor, property manager... while being up-front with them that I first need to sell my Austin properties first...
   1. Variation A.a: Start 1031 exchanging them as their leases end one by one...
   2. Variation A.b: Forgo the exchange and pay taxes now...
   3. Variation A.c: Try to offload all of them in one shot as a portfolio...
2. - Option B) Start selling the Austin properties first and figure it out as you go. This will be tougher when doing a 1031 exchange because of time limits, so maybe bite the bullet and pay taxes now.
3. - Option C) I love my team in Austin, and the portfolio is appreciating and cash flowing modestly. Why change a horse that's working?

That is where my head is right now, and it's not as organized in my head as I would like it.

Question to the group: If you wanted or have repositioned your portfolio, how did you go about it?

Thank you so much for your attention and participation.

Daniel

I don't see the point of this when REITs exist. I'm not saying there isn't a point, just that I personally don't see one. 

Hey, this may come off as cheeky but are you really looking for advice or to confirm your biases? Wholesale and Flips are another job. If you have the time to do that, are you investing enough in your primary business? 

In any case, if you are determined to buy something now and if you are in a hot market, I, personally, would just buy local and let levered appreciation get you in a stronger position w.r.t. equity... but that's just me.

(Actually to other people's points, I would actually just wait it out. Which is what I'm *actually* doing right now.)