All Forum Posts by: David Hathaway

Quote from @Peter Vekselman:

Quote from @Jose Jacob:

Quote from @Peter Vekselman:

deals are not zip code driven, they are numbers driven.  meaning if the numbers of your deal makes sense, then do the deal.  

 This is true upto a point.  But if I buy something in a C neighborhood and get no income for three to nine months, how can you make the numbers.  Tenants can stay in your apartments upto two years or more without paying a single penny in some area in New York.  So area definitely make a difference

true.  but that can happen in any place.  thats why you hedge everything in real estate VIA numbers.

Peter, I think what Jose is implying in Baltimore it's hard to determine what the vacancy rate and tenant turnover will be to understand the numbers completely. In the tougher neighborhoods C,D,F it can be relatively high and is hard to strictly invest by the numbers without knowing tenant turnover will be super high due to a bad block ie (active crime and or drug activety). You can always hopefully avoid these areas be working with an A player agent 
 

@Jose Jacob and @Peter Vekselman

Quote from @Nathan Miller:

1. Google Workspace -  Docs / Storage, Email, spreadsheets, docs, and terabytes of storage.  You can also scan documents into PDF with google drive and your phone - use this all the time.

2. Calendly - Scheduling

3. Rentec Direct or comparable for property management software, rent collection, esignatures, maintenance, etc.  

4. Canva - fliers, graphics, etc

5. Raven Scanner - fast document scanner scan directly into google drive folder which is then sync'd to all necessary workstations.

 Never heard of Raven Scanner, I'll have to check it out. It is a bit annoying in PDF scanner having to scan it then share it into Google Drive. It does auto detect the document and then resize to what you want which is nice. 

Are you saying you can scan PDF's directly with google in google workspace? What additional stuff does google workspace provide? We pay for drive space 1TB would having google workstation offer something extra? 

Quote from @Michael Smythe:

What are you using for phone and email?

We use private label Gmail and RingCentral.

Storage is Dropbox.

What are you using to make scheduling showings easier? We use ShowMojo.

 Yes I forgot about those. We also use ring central for our phone line for all things in our business

Thought this would be a good thread to share what apps/tech everyone is using to make their real estate business more efficient. We have been using 

1. MileIQ which is amazing for tracking the miles you drive seemlessly at the end of the year

2. Quickbooks for book keeping

3. Trello for work flow and day to day operations

4. Streamyard - for content creation paired with Youtube

5. Tinyscanner - for creating PDF's

6. Dotloop - for signing docs

7. Buildium - For property management and rent collection

I am sure I might be missing some but would love to hear what is helping everyone create less stress and more efficiency in their business. Happy Thursday!

Ryan Greenberg, I don't think I'll be making it to BPCON this year but would love to connect as a content creator on youtube

@Jessica Sudyn we use Buildium and it's simplistic and works well for our portfolio. Good luck

Joe where were you thinking about purchasing in Baltimore we have a relatively large portfolio in the City. MyMDRentcourt.com can help you through the entire eviction process. Feel to reach out if I can assist any further.

Not sure totaly what your looking for for but we do some call a property background prior to purchase basically checking water bills, citations, permits, zoning, etc. Exactly what it says a background to make sure we uncover anything and everything. It looks like the image below and we have links to each site because I can't always rmember how to get to them. This one is for Baltimore, MD in specific where the majority of our 50 units are. Hope that helps!

I've been looking at short-term rentals and noticed just recently more inventory has come on in the market at least in Massanutten Resort. Wondering if anyone else that's looking at short-term rentals as noticed an increase in inventory and price reductions starting to happen? My assumption is the supply of STR and people listing them have pushed ADR down and now interests rates don't justify the purchase price thus price reductions. Wondering what everyone else is seeing out there

@Miseker Wingate and@London Hanson There is a ongoing Friday lunch @ noon at Spirits West where investors, wholesalers, and anyone in real estate meets. It's a good place to start along with some of the local REI meetups.

Looking at meetup.com and just search REI meetup on google and you should be able to find a couple. This one below is pretty good not sure if they have virtual though.
https://www.meetup.com/baltimore-reia-meetup/ 
And here is one where they have a virtual meetup
https://www.eventbrite.com/e/baltimore-learn-how-real-estate...
The is a local investor Brentin Hess that has virtual meet ups that I haven't been to personally but he has great guests and is well known

Hope that's a good starting place