All Forum Posts by: George Yu

@Justin G. Thank you. I’m glad you got some value out of it. More updates soon I’m still learning as well so we can all learn together

@Jeffrey Donis thanks fir the support man!

oh yea we have a couple full time guys and they handle al units for us. since now we have over 200 units we can afford to do so. but when we were first starting it was just calling guys and yes overpaying a little since they werent full time. its ok thats jus the price to pay for growing..

@Steve Potash Yea your in that in between space. you have options. You can pay a little bit extra for a outside property manager to manage you until you get large enough to bring someone in the house full-time. Or you self manage with partners or yourself and utilize part-time helpers and technology with the intent to grow big enough to eventually hire someone full-time. That seems like you're bottleneck right now and that's fine there's bottlenecks all along the way. once you solve this there will be something else. Me personally I would try to find a virtual assistant to handle all of the online application processes through buildium or apartments.com. I've used both and apartment.com is simple and easy but buildium is probably where you want to be since you're doing multiple units. good luck 

@Steve Potash Great question. It’s actually the management company that we own so we pay ourselves basically but we need to show it on the pro forma for investors and banks. It’s just one full-time lady. She’s awesome! We rely on technology quite a bit for the property management process so I would say there’s a few hundred more units more that she could handle before we would think about hiring someone else. 

@Jeffrey Donis Thank you

@Tanya F. Yes we use Ductless minisplits with multiple zones. We wanted to use solar panel’s over the parking to bring our project as close to net zero as possible. However because of Covid and the rising material prices is eating up a lot of the budget that was supposed to go to our solar panels so for now we will not be using those but I think we will still be satisfied with our energy consumption

@Harish Nandipati The first couple we did were an experiment and we took the data from the first once we built five years ago and built up on that. But energy efficiency starts with the design phase so try working with an architect or a energy model or to make sure that you guys are thinking the entire thing through. We decided to try to implement some of the passive house methods to help us. Basically just double what your code locally requires. We cover all the utilities currently we haven’t had a situation where we have thought we need to put a cap on electricity usage. Everything we have and there’s energy-efficient and we don’t really make it the tenants responsibility to be more efficient. At least not yet

@Jonathan Pavkov Thanks good Luck!

@Jonathan Pavkov no background in construction but I partnered with the guys who had the construction background. I brought the net work of investors and I set up the system that brought us as much multifamily land as we needed. It was a great partnership that we had and it all worked out well. I learned as I went. I’m a kind of guy that just commits first and then learns on the fly.  I lived on our first construction project for the last year I was there when we took the first tree down. It’s invaluable what you learn on site but currently my value is putting the deals together. As well as finding new ways to make our lives easier and bring the cost of construction down.