All Forum Posts by: Michael Tempel

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.

@Chase Guelette

Look at reviews

Time in business

Properties managed

Website(s)

Terms/Pricing

Call other owners who use them. We went from large MF properties to SF also for the reason we noticed service was lacking on from smaller outfits.

Also look at price mark ups on materials maintenance. Many charge a percentage increase of 18%.

You want a company that will manage, but not milk $ in fees and markups.

@Jordan Meyer

I don’t have time to read all the post, but essentially look at market growth + reality - facts +/- your energy influence.

I just recently, reluctantly passed on a new project across the street from the Mayo Clinic...top hospital in the world.

Vacancy rate in the area is 20% (area is over built) hospital just temporarily laid off 20,000 employees and my office is in Mpls. I am 2 hours away....

I could take it on an post amazing photos, but be in absolute hell and diluted energy trying to make it work. You can easily lose the opportunity to manage 1000 amazing units over 20-50 units that take all your time and resources.

Keep in mind we do all asset classes, but MF Developement, value add is our focus.

Take on projects you love and can maximize value in less than 6 months or at least increase significant value.