All Forum Posts by: Kurt E.

Linkedin! Im a young commercial real estate agent and it is a great way to research potential leads. Linkedin also tells you the connections you have in common. Call the person in common, get info on the suspect and call the suspect as a referral.

I really like blogs and twitter for the source to get information.

I have only been an agent for a few months now and my main focus is on Multi-Family properties (only agent in the office in Multi-Family). I was wondering if there is a rule of thumb when it comes to deferred maintenance and how it affects the market value of the property?

Simple Example:
8 unit property in secondary market
$30,500 NOI
Market Cap 8%
Value = $380,000
Estimated Deferred Maintenance = $20,000 (Siding and a little work on the roof)

The work hasn't been done because the current owner feels it has no effect on the occupancy rate. How heavy should this deferred maintenance weigh on the value of the property?

Kurt