All Forum Posts by: Doug Woodville

 Do you see a way to market to people to do this without actually being an RE agent? Any recommendations of how or where to market for this type of service?

Are you sure your loan will be that low? I've been told recently around 5.1%.

Congratulations. I'm assuming you're using a PM? If so, how did you go about finding one that you think will be a good fit?

I didn't see it that way at all. They made it clear that there are predatory landlords and those seem to be the ones that the organizations are standing up against. 

 Thank you!

 Where do you get insurance quotes from? Anytime I've tried they wanted me to own the property.

@Shannon Webb I would send an RFP to the well known contractors in the area that are capable of doing the work and ask to break out the part that the owner wants to do himself. So for example if the owner wants to do rough plumbing from point A to point B I'd have your contractors quote that in a separate line item on the bid sheet. I'd then have your owner bid the work as well so you can compare them all apples to apples. It would be silly to hire him to do the work if he was twice the cost just because he's the owner. Once you reconcile the owners scope and if he should do it or not- then approach the investors with the bids you received along with your fees for your services. Make sure to have the contractor submit a schedule as well which will give you a good idea how long you need to carry your PM fees for. 

My background: CM degree and heavy civil PM work. Currently on a design build ferry terminal as the owners representative. 

I found the following article to be interesting:

https://www.cnbc.com/2017/11/06/homelessness-soars...

Nobody wants homeless people in their neighborhoods yet those very people buying the houses in today's market are in a way, contributing to the growing population of homelessness (in the markets mentioned in the article of course). 

@Scott Choppin as always you've got great information here. Thank you for that.

On another note- $127k for crane services seems like a lot. Do you know how many picks they needed to do for the 3 units you mentioned? I imagine they all came in 2 pieces so 6 picks? Must have been all on different days to drive up the cost that much. 

If you got a program like Property Radar you could create a list with some pretty specific filters. I just looked and they have one for multifamily 5+ units. You can filter out age groups and acquisition dates and everything too. Might wanna check it out.