All Forum Posts by: Josh Kundrat

Wale Lawal. Got it right, you don't want an investor agent, you want an INVESTOR agent. Hit up your local investor meet-up groups and I guarantee some of them will have their license, and it's a good environment to ask them about their personal investing experiences. They should be more than happy to talk to you,

Don't worry about trying to time the market, let the economist argue about that. Focus on finding GREAT deals and structuring them correctly and even if the market tanks you will be in a good position to weather the storm.

Originally posted by @Henry Lazerow:

I have a half sleeve shoulder to elbow and was considering making it into a full sleeve. Curious BP members opinion on this? I am a top realtor in my market (18 million in 18/19) and focus exclusively on 2-4 unit properties I feel like I am good enough in my niche that a full sleeve wouldn't lose me much if any business. Chicago market realtors dress pretty casual in a t-shirt buy side and dress shirt with sleeves rolled up a few inches in summer when sell side. My tattoo already shows in a t shirt so its not hidden most of time anyways. High end black and grey work nothing trashy/offensive. Would love to hear other investors thoughts? 

Totally agree, and I think it's like most fields, if you are good enough at what you do and produce results, aesthetics don't matter much.

Originally posted by @Steve Morris:

Originally posted by @Josh Kundrat:

Call some local brokerages and ask if they have any agents that specialize in working with investors and then offer them a finders fee. Good luck! 

If a legitimate broker has a good deal and can take a 5% commission why would he want to take a $500 finders fee from some shady out-of-state operator they dnn't know?

Just asking for a friend.


Sure, IF a broker has a good deal and IF they are acting as a dual agent and IF the finders fee is only $500 then it might be difficult to find a broker willing to go through the hassle. However if the property is in fact a good deal and I know a buyer who would really want it then it could be worth it. I've made deals happen for less than $500 because I wanted to make that investor happy and I knew they would be looking to purchase more properties in the future.   

Call some local brokerages and ask if they have any agents that specialize in working with investors and then offer them a finders fee. Good luck! 

@Scott Choppin 

Wow, thank you so much giving such a great and thorough answer to my question, I really appreciate it.

Ask if they charge an advertisement fee on top of the leasing fee, also ask if the charge the management fee for the first month if they also take the whole months rent as commission. Also if you do a move in fee ask if that is considered rent and subject to the management fee, you might also want to find out if they send a notice to your tenant if they are late on rent and if they charge you for it, I've gotten charged $90 for a 10 day notice. And make sure they tell you how soon they will contact you if your tenant is late with the rent. As you might have guessed I have not had good experiences with PMs so far, but best of luck

Hello,

I have done a few flips, got my real estate license and ventured in to the world of being a landlord, but my ultimate goal would be to work in development, possibly one day doing my own small projects, but I would be really happy just to work for an experienced developer for the foreseeable future. And I was wondering if any of the amazing and super knowable folks on BP had any suggestions on how to go about trying to get a position with a developer around Chicago or North-west Indiana. 

It will also depend if the water is metered, I think there are still quite a few properties that aren't in Chicago

For those who choose to do move in fees, how much do you usually charge, like half months rent or whole months rent?