All Forum Posts by: Michael Tempel

Mike - this is quite the background.   I am working in commercial, MF and residential.   

Mainly looking at improving systems and sourcing off market properties.   

Does AppFolio work okay with commercial.   Just dealing with gross leases right now.   

Tyler,

Did you find everything you need.  I have a task force I use to locate and buy properties like this all the time and am happy to offer what advice, direction I can.

We recently partnered with a few key brokers that specialize in finding off market property of all size.  Our main focus is multi family with over 23 years of turning C class properties around through Value add renovation and high level management services.  

If you are looking for the following we can be of help, we constantly network, use Costar and other proprietary systems and are used to being able to reach most principals when call owners etc.

- First investment property

- 1-4 units in Minnesota

- Small and Large Muti-family A-C class.

-Mixed use properties

We can also assist in putting the correct team together to ensure you can get the deal done.  If management is needed we offer full service management as well, but this is not required.

If interested please contact us at www.NRSPM.com

E-mail: [email protected] 

Phone: 612-703-8874

If you simply want to connect and network, that is encouraged as well.

Carpathian Capital is doing this right now.  If interested reach out and I can put you in connection with the principal.   If it is a good investment they will likely be able to work with you.

Did you find someone?  I normally bounce around from Countrywide, American Family, State Farm and MF specific providers.

Depends on the company and what you get with the franchise.  It can get very expensive, so make sure you have plenty of overhead to cover cost, especially if the association charges a higher per door fee.   

In my market you can usually buy or sell a door for around 1500.00 if that helps, this is very subjective, but a rough idea of the value you are getting if you actually buy an existing operating franchise.

I am looking to add a remote thermostat system for an office building similar to Nest.

Has anyone done this successfully?

Would want to be able to turn utilities up or down in the evening to cut cost.

If so what system etc.?

I am curious what is cinsidered turn key and a fair value with management in place?

I am looking at a fully occupied office building that has room for some value add and will offer our team as onsite management.    

We are leasing the space and found out it is just about to hit the market.  

I am looking for someone that will help secure financing, but will handle putting the deal together and bringing in addition capital as needed through a syndication.   

Estimated value 1.5 M     

We would act as on-site management that will further ensure the asset is performing   At the highest level possible.

We also have 500 units of off market opportunities that we are considering future syndication/value add in market rate MF.   Great opportunity for someone that is looking for a team to put deals together and has liquidity or ability to secure financing.   

If you are interested in either above listed options or looking for a management/value add acquisition partner we are very interested in seeing if there may be a synergy.    Feel free to connect directly.