All Forum Posts by: Kalen Jordan

This is also something I'm interested in learning more about, and I haven't worked with any PMs to date - doing some research before doing my first BRRRR. From the research I've done I've been impressed with T&H at least in terms of their online presence / content / online reviews.

I’m surprised to see some people on this thread saying “don’t worry about that now” and “you should learn the neighborhoods”, as it seems like PMs are the key team member on your core four that help you to learn neighborhoods.

@Alex Mao have gotten a few other recommendations but nothing that seems rock solid really. One reputable turnkey highly recommends one PM that another reputable turnkey strongly advises against. It's an odd space, man.

Yeah I know that can be subjective - I had one turnkey tell me a neighborhood was B+ when clearly it was a C-/D - let's go with this definition:

https://www.biggerpockets.com/blog/2015-12-09-class-a-b-c-d-real-estate

 No I'm sure the numbers are great - just depends on whether the neighborhood is good or not.

Off market deal that was emailed to me recently - in 38127 - I'm curious to know if this is a good deal or not. I'm looking for 10% to 15% CoC in solid B neighborhoods - the returns on this one look attractive but I've read before that anything in the $50k range is likely problematic.

Can PM details if that would help.

A lot of turnkey providers advertise properties in the 12% to 15% CoC range in markets like Cleveland, KC, Indy, etc. That's factoring in maintenance, vacancy, management, and capes in many cases.

Would you say that is realistic?

Was thinking of building a platform where you can share the deals you've done, tag professionals you've worked with, and learn from others' deals. Could be a good way to network with other investors based on their track record and the type of deals they've done, as well as find professionals to work with.

Could potentially be public or private only to investors.

Curious whether there's any interest in this.

Is there any good reason that property managers should respond to public ratings on .e.g. google? As I've been researching PMs some of the better ones that I've seen have higher ratings and tend to respond to most of the ratings.

I've asked a few PMs about this - I hear a lot of people say that if you're doing your job right you're going to get bad reviews, because tenants won't be happy about you enforcing the letter of the law.

I get that, and I know tenants can write some crazy (and not true) things, but I still don't see why a PM wouldn't still respond to the ratings? Sure it takes a bit of time but even if you did them in bulk on a weekly basis it couldn't take more than 10 to 15 minutes a week.

Curious what others' thoughts are on this.

Super interesting to hear about how different companies in this space operate. I'm a very systems-thinking type person which is why as I'm trying to navigate this investing decision for myself I'm thinking in terms of best practices and abstractions that probably seem odd or out of place to some people. :)

Thanks for the feedback. Any thoughts on neighborhood scout for neighborhood-level data? Do you find it to be accurate? Do you have your own data sources?