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All Forum Posts by: Morgan Scheer

Morgan Scheer has started 3 posts and replied 5 times.

Post: Leveraging Agents to Find Partners

Morgan ScheerPosted
  • Hartford, CT
  • Posts 5
  • Votes 2

Hi Everyone,

I am wondering if it is the norm or 'acceptable' in the industry to use real estate agents to help find you partners to put a deal together? For example, if there is a large property that my firm cannot go in on alone, would the listing agent help put us in contact with another party who could supply the rest of the capital? Or generally are the agents not interested in doing that? 

Morgan

Post: Property Management Rates

Morgan ScheerPosted
  • Hartford, CT
  • Posts 5
  • Votes 2

Hi @Jaysen Medhurst - is that including covering employee salaries? Say total rent received is $1.5M, 4% would only be about $60K which wouldn't cover 2 employees salaries let alone other expenses. I run a PM company but we have smaller properties so wanted some insight on larger properties.

Post: Property Management Rates

Morgan ScheerPosted
  • Hartford, CT
  • Posts 5
  • Votes 2

Hi Everyone -

I am looking for some advice on what you are seeing property managers charge in New England for larger multifamilies, 50 units and above, including all the costs of employee payroll (leasing agents, site manager, etc) but excluding maintenance. Any thoughts would be appreciated.

Morgan

Post: Soliciting Potential Sellers

Morgan ScheerPosted
  • Hartford, CT
  • Posts 5
  • Votes 2

Great, thanks! I will give it a try @Jaysen Medhurst. I am located in Hartford so focusing on the surrounding area and properties greater than 12 units would be ideal. 

Post: Soliciting Potential Sellers

Morgan ScheerPosted
  • Hartford, CT
  • Posts 5
  • Votes 2

I am looking for off-market multifamily deals in CT and was curious how investors are going about retrieving phone numbers for potential buyers? I am able to obtain mailing addresses from tax data online but not phone numbers. Any insight you could provide would be great!