All Forum Posts by: David Gonzalez

I agree with @Russell Brazil. Think less about whether or not we are in a buble and buy what fits your investment criteria. In the short run we might see a small price drop in key markets and in parts of the housing market (i.e. A neighborhoods) but mid to long term I feel that any property you buy today will make you money. This article shows why homes are still cheap compared to the last cycle. http://www.calculatedriskblog.com/2017/01/real-prices-and-price-to-rent-ratio-in.html?m=1

I have a client whose loan was recently bought and transferred to another servicer.  After much back and forth the loan servicer finally gave them the accounting. 

What do the following abbreviations mean (they are the column headers):

TRNTYP

TRNDTE

TRNDUE

BYDPMT

TRNAMT

TRNINT

ADNPMT

TRNPRN

TRNPBL

TRNINS

TRNESC

TRNEBL

TRNLTC

TRNLCB

TRNLCB

TRPTPY

TRPPBL

LTCAND 

INVBAL 

INVANP

TRNESV

I am not familiar with Loan Servicing Accounting at all so any help would be appreciated!

Hello BPer's!

I have a list of 500+ home address that I pulled from the MLS and driving around town. The data set I have has the address of the homes but not the name of the person who owns the home.

I would like to market to the owners using direct marketing and would like to pull the owners information from the tax records so I can personalize the marketing piece. 

Facts:

* Real Estate Agent

* Access to Tax Records (Realist)

Besides physically pulling up each individual parcel and copying the names to a spread sheet (or hiring a VA do the task) do you know of a service where I can upload a list of home addresses and get a spreadsheet filled with the owners names?

Open to free or paid services.

Thank you for your responses!

If I happen to go the text only postcard route do you know which company can print them? The companies I come across to print online only seem to print on heavier card stock.

Hello BPer's!

I have given much thought to using Direct Marketing to market my Property Management Business and have decided to pull the trigger!

I am looking to design and send out a Postcard design to a group of Rental Property Owners multiple times.

Question:

1) Which brings in the most response: 

An attention getting color Postcard with  a clear call to action?

Or a text based Postcard with a clear call to action (one of those cheap yellow letter postcards)?

2) If I were to go the yellow postcard route where could I order those Postcards? Looking for a place that allows me to use basic paper and not card stock with custom design/wording

3) What would be a strong offer to get them to engage me and want to set up an appointment: 

E-book?

Simple Report?

Money Back or Low Management Fee (for few months)?

Offer to evaluate their property?

Thanks for your help!

I have worked with a number of large properties (130 to 444 units) and several different property management software systems. 

First of all Yardi is not difficult. All Property Management software systems do the same thing they just go about it a little bit differently. If you play with a free trial of Property Management Software (Appfolio Buildium Propertyware) you will have a great idea of what to expect and what you need to learn once you access Yardi.

I would suggest you go ahead and apply for the job or start as a temp for a company that specializes in placing property management workers. People who write the ads over emphasize Yardi expierence when other qualities are more important. 

Best of luck!

First I would check your local laws. Either way I would suggest that you rent the whole home. You should do it for a couple years till you have experienced 1-2 complete tenant turn overs. That way you will be comfortable with the whole process and you will know if the added work will be worth the added money. With by the room rental you will be dealing with peoples personalities to you and toward each other. It will add to the complexity of the tenancy.

The rule of thumb I have seen is that management averages ~ 4/hr/month/unit. The 3 keys to Property Management are: 1) Set tenant expectations and have them follow strong (and fair) lease. 2) Have vendors you can trust. 3) Have standard procedures for every thing from placing a tenant to moving them out. If all 3 are in place you will have work life balance. If any are missing you might be better off getting a part time minimum wage job.

Don't forget to factor CAPX! It might be the case that the property is so worn down that your profit will be eaten up by repairs.