All Forum Posts by: Greg Kurzner

Hi Jacqui, First, sorry that you had the damage to your investment property.  I know that it impacts your return on investment and enjoyment of ownership.  Regarding repair/renovation quotes, it is interesting that your insurer "recommended" a contractor they work with.  Many insurers don't.  I spoke with my agent, the insurer of a landlord policy with Allstate, and he said that isn't their typical process, to recommend a renovation partner.  

Nevertheless, the insurer might have an arrangement with the contractor to provide the work at a discounted price for the referral.  That isn't a bad thing as long as you are happy with the quality and competence of the contractor.  You should check them out...their licensing with the State of Georgia, reviews, and complaints.

You should probably also get a quote from another contractor to make sure the scope of work suggested is the same and the costs are also in line.  Your out of pocket deductible is likely considerable so having control over the costs and being in a position to negotiate with a contractor once you have a settlement amount offered by the insurer based on the adjuster's report, gives you flexibility and also allows you to go back to the recommended vendor and negotiate as well. 

Jeremy, I used to own a large property management company in Atlanta and sold it to Evernest in 2019.  I recommend them so you can reach out and see if they can give you a quote for their services.  Duncan Murphy is their area director. - 678-710-6110

Hi Luis, my suggestion is focus on wholesale deals.  If you are buying to live in, occasionally a wholesaler will have a home in your area that might fall in the price range.  When they do the open you can likely pay more than other investors looking to flip.  Downside is no due diligence and non-refundable money but if you can be comfortable rolling the dice on condition or have a qualified inspector/contractor to see the property with you...you might prevail on a home like that.  Generally the house will need some work but if the numbers work and you can live with condition or do what is necessary after you close, could be an option that isn't in the bloody water.

Sometimes not investing is the best investment.  Whether the inventory crunch and subsequent frenzy to overpay for a property will ease as we enter spring/post-covid...remains to be seen.  Patience can be hard but rewarding.  We make several offers each week and are landing very few properties that will work for us.  But...we stick to our numbers.  Lots of investors out there are just making stupid investment decisions in my opinion.  That said, if you are prepared to lower your risk-adjusted returns just to deploy some capital, you can do that but not sure the risk is worth the lower returns.  

Julie, where in Atlanta are you buying? 

Nick, Like Arturo, Evernest...I sold my 800+ unit property management business in Atlanta to Evernest in 2019 and obviously am biased towards them for Atlanta.  Duncan Murphy is the Team Leader for Atlanta.  PM me if you need his contact info.

Hey Brandon, PM me if you like I can recommend who we use.

Hey John, I am an investor, broker and licensed general contractor in Georgia.  There are contractors and then there are licensed contractors.  For the scope of work you described, a specialty fencing vendor or other might be all that is necessary and while it is hard to sometimes find reliable contractors, there are many good ones.  One of the things I know from being an investor...someone who hires contractors to rehab my houses...and being a contractor...is that there is an inherent disconnect between what I think something should cost as an investor...and what it actually does cost as a contractor who has to make a profit.  Most often when I hear people looking for "good" contractors it is that they are looking for "cheaper" prices than quotes the contractor(s) they have asked to quote have given them.  I am broad brushing here but generally...you get what you pay for.  My suggestion is always to get 2 or 3 quotes from different vendors.  If the pricing is all generally the same...that is what it costs...and if you want it done cheaper...you might get it but you also might get less than the job you are hoping for.

Look at Evernest, also in Alpharetta.  I can recommend one or two others as well.  I used to own one of the largest PM companies in Metro Atlanta, sold it last year so I know everyone in the space.  Happy to provide some context depending upon what you want.  Greg

Hey Mark,  We are based in Alpharetta in Windward and might find something worthwhile for your son to do in our business.  We are vertically integrated, fix and flip fund, licensed general contractor/renovator, and franchised brokerage.  If you like he can contact me on Monday or next week sometime and we can talk.