All Forum Posts by: Matt Shumate

Hey guys!

We were just presented a contract from Spectrum for an exclusive contract for our 56 unit complex in Fayetteville. Wondering if this offer is competitive to what you've seen in the market, particularly with the $150 per door up front payment. Many thanks in advance for your feedback!

Bulk Video & Bulk Internet w/modems included

$150 One Time Door Fee

55 Units

$35 Rate

6 YR Term

1 YR Rate Freeze

2 Set Top Boxes per unit

1 Courtesy account w/Video and Internet

Hello!

We're looking for a good templated solution to showcase a comp analysis on market rents to an investor. 

Something robust and complex enough to house all the data, but also simple enough to be able to draw the key insights as to where the sample property stands relative to the market place and how much rents have the potential to rise. We use Rentometer, but don't find it to tell the full story effectively enough.

Have you seen anything along those lines that has worked well? Any excel templates you guys have found useful?

Thanks!!

-Matt

Looking for financing for a condo conversion in Charlotte for a 24 unit, $1.4 million property. Look forward to your recommendations and advice!

@Drake Thompson and @John Brinkos - Would love an update on how everything went with your conversions. Looking to do something similar in the near future.

Fellow investors and syndicators, What are some of the core KPIs that you look at for benchmarking whether or not you'll move forward with a deal? Could be things like... Short term Cash on Cash return cash flow Deal size Price per unit Long term IRR Total equity increase Cap rate at resale Would love your insights on which ones are most important and what numbers you use as a minimum for each before you would consider moving forward on a deal. Thanks! Matt Shumate