All Forum Posts by: Mallikarjun Reddy Pateel

is there anyone getting success managing properties on their own OOS, using Prop Mgmt softwares. we are looking to accquire 6 unit Property. with raditional prop Mgmt will not meet our Target returns. Appreciate any input.

Hey folks, what are some Good areas for Buy & Hold Multi family Investing? Desirable Neighborhood Low crime rate areas. looking for 10% COC

demographics Looks good. are you seeing any jobs being created in the future years? Vacancy rate is 16% in this area any thoughts on this?

Hello Agents & Investors who Hold properties in Cleveland area.

we are Looking to Buy large MFH in Cleveland area(edgewater, 44102). our strategy is to Buy & Hold forever. what you guys seeing in terms of future development, economic growth in this area? if you are a Commercial Broker specialized  in MFH shoot me a DM Let's talk!!

@charles 

@Charles Seaman thanks!! that was helpful.

do you mention the paperwork/reports for DD in your LOI? (T12 financials, Prop Mgmt reports, zoning etc.)or you just do it?

how about adding a timeline, that if seller don't accept this LOI within 2 weeks we no longer Interested in the same terms?

Hello Investors, 

I'm currently working as GP in my First deal(MFH 10+). Identified Couple of Properties, seeking Guidance in terms of submitting LOI.

1. if I'm being GP do we put Business entity as Buyer?

2. what's the typical closing timeline you guys use?

3. how does DD timeline looks like? (2-3 weeks?)

4. any tips to submit an LOI that Looks attractive to seller?

Appreciate any comments on this matter!!  Happy Labor day !!

Hello Investors,

is there who Currently Self Manages their Rental Properties? 5+ units. I'm Based in NY. we are Looking to Purchase a 10 unit Property and self Manage it.

if anyone managing on their Own what kind of Systems do you have in Place? How do you Communicate Repairs & Maintenance  issues with tenants to Handyman? what Softwares do you recommend? any other suggestions

@percy where can i purchase the report for specific MSA?

is there any websites that provides data for Multifamily operating expenses for given markets?

Thanks everyone! that was ton if Information and insights. i decided not to pursue this deal anymore. i live in New york so try to focus on my local markets as I can see this Properties physically and get my ball rolling that way and exploring other opportunities in more certain neighborhoods(other States).

Thanks @Crystal Smith, @Henry Lazerow, @Baris Yuksel, @Jonathan Klemm