All Forum Posts by: Ariel Jeidel

Such an intelligent man.

@Grant Shipman This is first year that CPA has to use Appfolio, so far try haven't had any complaints. We weren't using QBO for paying out the partners in deal and aren't using Appfolio for it either so don't know. I have seen feasters for it, just never tried it.

@Grant Shipman We went with Appfolio, overall I'm happy with it but some features that I really need they don't have. For example doing CAM reconciliations is quite difficult. If my choice was QBO or Appfolio I would definitely make the switch again. I do wonder if Yardi Breeze would have been the right choice, was very difficult to get any information on it at the time.

You need to get a broker who is connected to National tenants. Where is this property located?

Seems like everyone is pretty much happy with this company. I have multiple rentals currently sitting vacant and wondering if there are other companies out there like ALE that I can proactively reach out to them to see if they have tenants for me. Any suggestions?

@Casey Miles we have many Dollar Generals in our portfolio. None are free standing, all part of strip centers or malls. Let me know what you are looking for. DG has become very difficult to deal with when collecting CAM. They take a while to respond and when they do, they send you a very challenging list of items that they want as backup and will fight a lot of the charges. Good luck.

@Ryan McKelvey or anyone else that can advise:).

How does Yardi Breeze compare to Appfolio?

We own and manage shopping centers and malls in more than 20 states. Most of our properties have 3rd party local management, some good some not so good and some proprieties we self manage. For all properties, all the financials go through our office i.e. we pay all he bills and deposit all the checks (except for our malls where mall manager deposits). We have been using Quickbooks online but it severely lacking and are considering between Yardi Breeze and Appfolio.

Thanks

Anyone have experience converting retail space into SS?

We have done one conversion across our portfolio and have had  mixed results.

Is a 10% cap rate realistic on a 75+ occupied lot park realistic? All the parks that I see are 7.5-8% at best.

@Jonathan Orr Depends on the lease. We have tenants that reimburse for everything and others that don't. Many try and put a cap on increases.  Older leases are likely to allow management expense, newer ones with smarter/tougher tenants are trying to take it out.

What are you trying to accomplish? If your goal is to make the property less management intensive, than you look at it one way.

If your goal is to make the numbers work, it really doesn't matter, a tenant will pay what they can all in. Many of our leases we do now are gross leases, take out the headache form cam billing. Tenant just pay a higher base rent. Its the same number end of day, just different structures.