All Forum Posts by: Michael Tempel

I agree...marketplace is very limited.   There isn't a category for Property Management for example....that is pretty important to me :-)

How many units?   I like that area :-)

Nexus Real Estate Services has been providing quality value add projects since 2007 and along the way has been very involved in 3rd party management, aquisition services and grown a large network of buyers, sellers and investors internationally.  You can see our past projects at www.NRSPM.com under casestudies.   We currently are working with large ownership groups, family offices and development companies, but realized we have the staff and ability to offer very specific, yet A-Z services to investors old and new to the business.

We also management single family homes very affectively, you can see our information on this at www.NexusHomeManagement.com.

Essentially we can help develope your long term plan, find properties on and off market, manage them effectively and bring you the value of a sofisticated management company and team from day one.  Our goal is to stay under 2500 units in total.  I have found this is the perfect number of units to have a large, but very focused team.   We are also only focused in the MN market, but are open to surrounding states and have extensive contacts there as well.

Wether you are a single family investor, office or commercial investor or looking to develope or buy large multifamily we can help and literally will create a program to help you reach your goals at your comfort level.  If you are interested I only plan on taking on 1-3 groups at a time.   My and our teams goal is to execute your plan effectively with a team of real estate brokers combined with expeirenced property management.   

If interested please reach out to: [email protected] 

You can also reach me on LinkedIn: https://www.linkedin.com/in/mi...

Or call 612-431-8173 

@Nick Love when I am moving at the rate pace and frequency, up by 4:30...work out and them working on properties by 6:30...making calls at 8:00 and running portfolio of PM and development/commercial going forward.

I am tired just writing/reading this....long day ahead :-).

On the flip side, if you’re buying frequently, bile ready to be up late while in multiple offers at times....

@Ashley Cao you may want to look at Appfolio or Buildium.

I use QBs for my management side, but those and other accounting programs to actually run the property.

@Clay Couvillon

I would recommend Buildium also. The issue with most is the minimum unit count on pricing...just expensive.

I have heard good things about cozy.com. I don’t think it is a great long term option, but likely perfect for 1-4 units.

@Autumn Whittington

Yes, this is how we raised value significantly in apartment buildings since 2007.

Take 75-150 rent increase * 50...or 150! Suddenly you gave a building that is worth significantly more and spits out cashflow

@Joey Copper

Of course I agree with this :-).

1 can be a blessing or a nightmare depending on who you work with.

@Clay Couvillon

Depends on unit count etc. I like Appfolio and Rentware for 50 plus units.

There are sine smaller solutions that work well also, but I am not as familiar.

@Scott Rucker

Not sure how large a deal this is, but I have retained 2.5-20% equity for doing value add renovation management plus management fee.

If I found a property off market normally have asked for 1-4% as a fee.

These are normally 50-150 plus units so it is real money.