All Forum Posts by: Jeffrey Richard

Starting a property management company from scratch, currently managing 150 properties. We want to automate as much as possible, leveraging tools like AI and virtual assistants (e.g., from the Philippines). Also, we’re looking for recommendations on property management software for streamlined rent collection, fee processing, and automated profit distribution to owners. Any advice on using AI to enhance operations, software options, or setting up efficient processes? Thanks for your insights!

 I went with Innago thanks.

What is the most cost effective user friendly PM Software? I will have  20-25 Units.

 Have you seen these places?

I've been researching the Colombian coast and believe there may be potential to create a destination similar to Tulum, Mexico that would attract international tourists. Tulum has beautiful beaches, trendy restaurants and shops, and eco-friendly resorts that make it very popular.

I'm wondering if anyone has insights into whether something like this could realistically be developed in Colombia? Are there specific locations along the coast that might work well for this? What would be the biggest challenges or hurdles to making it happen (e.g. infrastructure, safety, government support)?

I'd be very interested to hear thoughts from anyone with knowledge of Colombia and the tourism industry there. Do you think there is untapped potential to create a "Tulum-like" destination? What would it take to make it a reality? 

I'm in a position where I can using leverage over and over to buy more properties.

There would be cash flow in my area because the properties are not expensive however they do not appreciate much and the cities around me are dying and not growing.

What would be the risks of using leverage to buy an extensive portfolio?

Is it easy to just buy a property and STR it? or are there too many restrictions to go through now?

I'm researching the risks associated with leverage in real estate investing, particularly the rate of bankruptcy among investors who use leverage. Could anyone share insights or statistics on this? Additionally, what factors typically increase bankruptcy risk for leveraged investments? Any guidance would be appreciated.

 But if they can't afford places to live. 

In the next 5-10 years could AI cause a major disruption in the economy due to mass workers being laid off?

How could that effect real estate markets?