All Forum Posts by: Greg Kurzner

Lindsey, how do you get on the agent list?

@David White Hi David, to echo what Robert said, having been a part of NARPM and previously owning a PM company with over 2200 doors at one point, PM's that belong to NARPM certainly would be the bare minimum place to start.  You get what you pay for...beyond that, my opinion is that you need to evaluate what you want...PM's offer different services, fees and expectations of what you want need to align with their offerings.  Some owners want control, just the basics, and some want white glove, passive roles in management of their properties.  You should definitely interview more than one.  Capabilities, units under management and staff/systems are important to know...how do they handle repairs approval and execution process?  Who does what, single point of contact, team or department?  The nature of the business is that there will be some sketchy reviews because it is hard to please everyone...tenants often complain unfairly on social media and owners also get mad when the PM follows the law and not the owner's wishes...but...also, bear in mind that reviews do matter...ask your PM to provide you with 2 or 3 current owners and CALL them.  It is important to vet your PM as they will also vet you.  Difficult owners are most PM's worst nightmares so good ones will not take on or will quickly cancel owners who want to cut corners.

I don't have any reason to direct you to anyone other than to help as I am under a non-compete agreement having sold my PM company last year but happy to recommend PM(s) if you like.  Robert's outfit is a good one and there are others I would interview if I needed PM representation.

Greg

David, also happy to help.  We source rental properties for several national funds and have a fix and flip fund that we are regularly selling homes to rental investors from.  Happy to connect and see if we can provide assistance with acquisitions, renovations or other.  Greg

Caleb,  I am happy to refer you to a few management companies who might be good fits for you.  I used to own one of Atlanta's largest property management companies, having sold it last year so I don't have an incentive other than to help you connect with a manager who will be what you need.  If you also plan to renovate or remodel any of these homes let me know as our sister company is a licensed GC firm who works primarily with investors on just these types of reno jobs.

Connect and message me if you like.  Welcome to Atlanta.

Hi Doug, happy to help or direct you to pros that can help. We buy for our own F&F fund and source for Invitation, Tricon, others and Marc is right, unless you have an army looking on the MLS...and we do...finding deals is tough. We do get some and there are tricks to it but we keep those close to chest and it is a full time effort. We are getting opportunities especially for buy and hold investors regularly and would be happy to push some to your group if you let us know your buy box. In any event, we can direct to other especially GC's and legal if you like. Happy to help. Greg

Austin,  we are based and invest here in Atlanta and happy to contribute advice.  We have a sister company General Contractor that works with investors so lmk if you need renovation help.  

Hey John, I kind of echo what Todd said.  Having owned a PM company and also being on the investor side one thing that I know is that you get what you pay for.  Personally, I think property management is THE MOST IMPORTANT outsourced function an investor needs for a variety of reasons.  You should evaluate no only the actual costs of a manager but the opportunity costs or lost revenue of a bad one.  When there isn't any profit in management, you aren't going to get anyone to do the important things effectively that are required to find and keep good tenants and take care of your property.  I don't have a dog in the fight anymore as I am under a non-compete for management services but thought I would give you my input for what it is worth.

Ryan, I have a slightly different take. We invest in any opportunities throughout metro Atlanta. We have bought a fire-damaged house in Winder for $20k and a ranch in Buckhead we are popping the top on. Across the board, deals are there if you learn the market(s). That can often be hard in a city of Atlanta's size as it is hard to pick an area or property type and narrow it down. Whether on market or off, there are some opportunities for cashflow even in the SFR range depending upon your price point. I suggest you narrow your search area and price point. Happy to talk further with you if you want to pick our brains here. We invest for ourselves but also source properties for Invitation, Tricon, SFR3 and others. Best of Luck.

Emily, the advise above is good as interior waterproofing isn't worth the money...it is better to keep the water out from the outside of the foundation wall rather than to mitigate it once it gets through.  I am doing the exact thing on a home I bought in Seneca South Carolina.  Even if attempting to clear a french drain doesn't work...and it might not given it could be compressed or damaged by roots...(remember it is underground and nothing is going on down there to clog it in the first place other than settling) if you do decide to spend big to resolve, my suggestion is to excavate the exterior and properly waterproof again along with grade resloping and guttering as discussed above.  I would also try to see what possible liability or warranty the prior company might have offered and even possibly become more forceful with them to come back and fix. (A nasty letter from an attorney often had the desired effect.)

Since I am in the process of this right now, feel free to let me know if you have any questions and best of luck!

Greg

Luis, would be happy to connect your father with our sister company Property Pro Services, a licensed General Contracting firm in Metro Atlanta.  If he might want to do subcontract work let me know and connect with me and I can put him in touch with PPS.  G