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All Forum Posts by: Patty Yang

Patty Yang has started 8 posts and replied 17 times.

Post: Offmarket FSBO investment properties in stable markets

Patty YangPosted
  • Investor
  • Seattle, WA
  • Posts 19
  • Votes 3

https://docs.google.com/spread...
Hey all, I have a list of off market investment opportunities.

All have good reliable tenants.

They are mostly value add yet turnkey offmarket properties in highly sought areas direct to seller. Selling as is. Bring you or your buyers or DM directly to talk details. Owner looking to sell asap. QUICK CLOSE.

Pro-formas and pictures included in link above.

Post: Offmarket property in 4 states for sale

Patty YangPosted
  • Investor
  • Seattle, WA
  • Posts 19
  • Votes 3

Hey all, I have a list of off market investment opportunities.

All have tenants.

They are mostly value add yet turnkey offmarket properties in highly sought areas direct to seller. Selling as is. Bring you or your buyers or DM directly to talk details. Owner looking to sell asap. QUICK CLOSE.

Pro-formas and pictures included in link below:

https://docs.google.com/spread...

Post: BUYERS FOR OFFMARKET CASHFLOWING AND VALUE ADD PORTFOLIO LIST

Patty YangPosted
  • Investor
  • Seattle, WA
  • Posts 19
  • Votes 3

Hello friends,

I have a portfolio of value add, turnkey, cashflowing and build to rent opportunities that are ready for a new investor to take on and make more money from it. Direct to seller. Looking to close quick.

The properties are located in WA, TX, FL, NM.

Provided a link below with the specs of the home, price, ARV, current rents, proforma rents.

https://docs.google.com/spreadsheets/d/1JtdtuYAieIff7KWKeFo9v_wEIeZkNs259lJ5JymKllE/edit?usp=sharing

Please comment or DM if interested in expanding your portfolio and putting in an offer.

- PAT

Originally posted by @Michael Haas:

@Patty Yang cool concept - I think a lot of landlords would sign up for something like that. I also think the cost would have to be EXTREMELY MINIMAL, given that the alternative is just simple flat-fee utilities. I'm thinking $1.99 / month / property feel like the breaking point for me, where more than that and it would save me money just to flat fee the utilities and accept paying out of pocket for an occasional tenant overage. 

The technical component of having your service "Talk" with various different utility portals in various different cities and counties sounds like a nightmare though. I'd be surprised if there was a single utility company with a public API for you to plug into. The alternative is avoiding API's and direct connections in favor of some sort of manual process- but that is available to landlords already.

Thanks for your thoughts! Yes, I agree regarding pricing as there is the alternative. In your experience, do you typically flat fee or have tenant pay utilities? What % would you say out of your portfolio for each tenant party (or tenant if you househack) are flat fee vs tenant pay utilities?

What do you typically do today for this use case?

Yep you're right, there are no public APIs for this and it would have to be built from scratch. I'm just starting small though and trying to do this for Seattle. :) 

Post: PROBLEM: Managing utilities for house hacking and rentals

Patty YangPosted
  • Investor
  • Seattle, WA
  • Posts 19
  • Votes 3

something like this.... chiaqi.com

Post: PROBLEM: Managing utilities for house hacking and rentals

Patty YangPosted
  • Investor
  • Seattle, WA
  • Posts 19
  • Votes 3

@Daniel Haberkost@Dennis Cosgrave@Mike McCarthy thanks for the tips.. i'm just thinking..I may give a try in building some small tool like a utility portal to show all the utilities per door and household and to just set alerts if it ever goes overused. Also, if overused, to be able to automatically charge tenants by customizing based on the lease terms. Kind of like autopay but for utilities. Does that resonate as something house hackers or rental property owners would want or really need for bills that need to be in owner's name?

Is there anything I am missing that us property owners would absolutely need included? 

 Let me know! Thinking of first starting with Seattle...

Post: PROBLEM: Managing utilities for house hacking and rentals

Patty YangPosted
  • Investor
  • Seattle, WA
  • Posts 19
  • Votes 3

@Daniel Haberkost what you mentioned that your friend does definitely makes it a lot easier yet still requires manual monitoring if tenants overuse.. so was wondering if there was some other technique people who house hack or who have rental property use to just automate that whole process. ... not sure if it’s just not that big of a deal.. I’d find it more of a relief since I would want to be monitoring as I’m super attentive to it to make sure overages don’t accrue over time.. but another problem is.. doing this at scale..

@Will Fraser thank you! What if one doesn’t have a ss, pension, but has portfolio assets and rental income?

Also curious about the OK market and would love to chat on areas you see solid growth in.

I am helping a group of investors to  increase holdings in their portfolio as well as flip. They are all retired with no W2 income but have social security, pensions, and other rental income from their holdings as well as sufficient cash portfolio. They also have property that are free and clear.

In this situation, who are the best people to chat with to get loans for cheap?

We are looking to position ourselves to buy when we see a good opportunities especially when the market downturns. Specifically looking for MFRs, SFRs, storage business opportunities. 

Would appreciate list of institutions you've worked with that offer the best rates and your reviews. 

Thank you!

Hey everybody, I'm exploring whether this concept would be helpful for anyone who househacks, owner occupies and rents out, or rents their own property. Feedback needed on whether this is a problem for you, whether you would pay for a service like this and how much would be fair to you if you did pay?

Concept link below:

Rental Utility Management Software

Bonus: 

I'd also love to know what methods do you all use for autopay with rent. Do you think an assistant that sorts your utilities every month would be useful even if it was a separate portal than what you use for rent payments?

Thanks!

-py