All Forum Posts by: Mario Brown

I took on an 8-Unit MF value-add play January of 2017. (Greenville,SC) I want to share a visual representation of the value added. Hope this helps any guys thinking about attacking the same type of projects. Scroll through rehab log .....

LINK IN SIGNATURE

As well as the corresponding rent roll for....

Month 2 Attached (Annualized $44,760)

Month 14 Attached(Annualized $72,960)

8 Votes

I took on an 8-Unit MF value add play January of 2017. I want to share a visual representation of the value added. Scroll through rehab log .....

www.buildgreenville.com/flora-apartment-reposition...

As well as the corresponding rent roll month 2 & 14 ( attached)

3 Votes

Welcome to the club my man!

0 Votes

Are these still available?

0 Votes

Dee Brown @ GFCU

Tim Smith @ First Piedmont

0 Votes

What formula do you use to calculate?

Originally posted by @Eric Claxton:

Karim,
we have RUB systems on all of our older multifamily assets. We love them! All of our newer assets have their own sub-metering systems (much better).

Good luck!

Originally posted by Karim Shah:

Thanks John, that'll be be great if you could send over the names. I appreciate it.

0 Votes

Welcome @John Schroder BP is a great resource.

1 Vote

@Derrick Ward this is specifically for residential multi-family. I would imagine a very similar list could be used for a commercial building due diligence period, with adapted terminology.

0 Votes

@Koob Moua i have had decent luck with finding properties on the MLS. Typically uneducated small MF owners have single-family agents list their MF real estate on MLS and most investors are not conditioned to check there. ( at least not in my market). ( Was listed on MLS 6 months)

0 Votes

Atlanta, Georgia

@Ryan Robinson. Immediately after getting an LOI or contract i request the following items....

Exhibit B

Inventory of property tools, supplies and personal property

Exhibit C

Service contracts including trash, laundry, extermination, lawn service, etc.

HVAC and/or boiler reports

Exhibit D

Property management license (if applicable)

Certificate of occupancy

Exhibit E

Certificate of insurance

Insurance claims history for the past 2 years

Exhibit F

Commission agreements with the leasing staff

Current property management contract

Any other vendor contracts

All Forum Posts by: Mario Brown

Mario Brown has started 17 posts and replied 155 times.

Post: Multifamily 8 Unit Forced Appreciation Example

Post: Forced Appreciation & Rent Roll

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Post: 4 build-ready lots, downtown Greenville SC

Post: greenville, sc (nicholtown)

Post: RUBS for Apartment Building

Post: 10+ Yr Broker in Greenville SC

Post: Things to Ask for When Purchasing a Small Multi Family

Post: Commercial multi families

Post: Things to Ask for When Purchasing a Small Multi Family