QUESTION in a DM:
George,
Did you look into and consider any modular construction? Why or why not?
Are you going to get money from accredited investors in the future to scale faster?
How did you decide on your floor plan? How did you decide on the outside? Are you fully rented now? Do you think the outside looks kind of like a motel? Do you offer any Airbnb/STR / month to month if vacant? Is it all passively managed or has an on site maintenance and leasing?
ANSWER:
We actually will be testing out using SIP panels on our next dev. We are very much interested in it for energy savings. Yes we may but our developments are under 70 units at a time so we have enough private capital to stay small thats why we like it.
Floor plan came from trial and error over the last 9 years. Jeremiah took the lead on that. Partner with someone who is open to experimenting.
LOL they made me choose the paint color and I butchered it because I was too cheap to pay an exterior designer $1500 bucks to do it. The blue wasn't supposed to be that light hahaha. Lesson learned. Dont look at paint card in the store. Go outside in the sunlight!!!!! Feel bad for the tenants......
Yes we are full plus waiting list. Yes it does look like a motel hahah. we are changing that next time. Everything we do right now is more or less an experiment. Its really fun for us.
No airnbn. We have an in house management lady who works full time. She also manages my partners mobile home parks and their other apartments they built in the past. Shes been with us for about 5 years now