All Forum Posts by: Account Closed

@Nate Hall

I'm not too sure about the custom stuff as I'm using the cookie cutter reports that they provide with the software..typical stuff like ageing, rent roll, p&l etc. If you call into the company they'll be able to answer any questions about custom reporting. Be aware that any call with them isn't generally short..haha...they're super detail orientated...almost to the point of being frustrating. Very helpful staff though. Let me know how it goes

 Golden advice right here. ^^^

I'm a mf broker here in the Inland Empire, which obviously isn't LA proper, but I have clients who purchase throughout the Greater LA metro area. As @Jordan Thibodeau said it's about finding the right deal. I'm assuming that you've been sourcing your deals for analysis from the MLS or Loopnet? If you look at those types of listings you'll often see "First time on the market (insert long time) years. These are people looking to cash out. Why don't you put together a small database or list of 4 plexes in the area that you're looking to purchase in and just hit all the off-market owners hard. You may catch someone either looking to exit, owner finance or who just may not be on top of the market. You can build in your value that way...sadly you'll be paying that high rent until you do so. Hope this helps

Hey Nate-

I just switched over to Appfolio from using MRI for years with a previous company I worked with.  It's simple and robust enough to handle say up to 100-150+ units per property. I liked the fact that it's a newer company and they incorporate a lot of interesting features. If you're using Yardi I assume you're managing or investing in much larger properties correct? I'd say take a look at Appfolio and see if it suits your needs...if you're really large it may not work, but I like it thus far