All Forum Posts by: Ify (Bobby) Anizoba

I’ve made a conscious effort in automating and digitizing more of my rental management tasks and can share some of the tools I've been exploring that might be helpful to others.

I use Baselane a lot, it is a platform that's really geared towards landlords and real estate investors. It offers features like Automated rent collection (Tenants can set up auto-pay) and you can receive payments directly into your account without any manual tracking. Help with Expense tracking and categorization: You can sync your bank accounts and credit cards to automatically categorize expenses related to your properties. This feature and the financial reporting piece of it really saved my life!! You can generate reports on your cash flow and actually see how you’re doing. It also a property management piece built in with lease management functionality and maintenance requests. 
I have buddies that use stessa and avail but I use Baselane. The functionalities are kinda similar but baselane has more stuff built in so it’s easier to accomplish more within the platform. I’ve also heard of rent redi, but I’ll advice you look into each and you’ll see what I mean about the more complete platform. 

High interest rates are causing price corrections in specific markets across the USA that saw massive growth and transaction volume in 2020/2021 due to low interest rates. Many non-professionals, including self-proclaimed economists and real estate experts, are predicting a real estate crash. However, the current market correction is a result of the Fed Reserve's policy aimed at slowing down the market to prevent such a crash.

This correction is not indicative of an impending crash but rather a necessary adjustment to stabilize the market. The housing market experienced an unprecedented boom during the low interest rate period, leading to inflated prices and unsustainable growth. The Fed's intervention, through increased interest rates, is intended to curb this excessive growth and bring the market back to more realistic levels.

It's important to understand that a correction is a natural part of economic cycles and does not necessarily signal a crisis. The current measures are designed to ensure long-term stability and prevent the kind of market collapse seen in the past. Instead of fearing a crash, we should recognize this period as an opportunity for the market to regain balance and for potential buyers to find more reasonable pricing.

@Nicholas LaGatta Looking to start up a consistent BiggerPockets Meet up Starting February. Let’s connect and talk more details on how we can share resources, expand a and grow the meet to something beneficial for all parties.

@Tyler Bushey what bank did you use?

Looking to start a monthly meet up for real estate investors and professionals in the Atlanta Metro Area. Who is interested in coming on board.

If you're already in a Fix & Flip project, but you need additional capital due to unforeseen circumstances how do you raise that money to complete a BRRRR that you already started.

@Andrew Carlson

I’m absolutely loving the comments, but here’s my take, if she has a system in place to keep her customers (based on what you said) or her friends (what it could actually be 🤷🏽‍♂️) organised and respectful when they’re over at her place, that’s clearly been working, then you need to keep collecting that steady rent and possibly even up the rent and get her to sign a new lease. Are you in the real estate business? or are you trying to be in her business? Be a landlord and focus on what pays you.

I believe lead generation is the single most bittersweet conversation for Real Estate Agent's/Broker's. Furthermore, I think rather than pay for tons of leads from multiple services, real estate professionals should invest that money in their brands, websites, networking, and gradually develop their niches. A strong personal brand will always speak volumes, as opposed to the hit and miss business of buying leads and hoping they are quality. The better your brand and network, the increase in the chances of having recurrent business, which we know in real estate only accounts for 27% of national transaction volume. These are my thoughts, what do you think? Share your thoughts and experiences. 

I'm definitely buying my first house in 2021

@Rico Nasol I’ll be looking to roll the rehab costs into the loan