All Forum Posts by: Nicholas LaGatta

My main question is, so what?  What's your concern?  Did they already get a dog?  

Yes, I've hired 3 AirBNB property managers over the course of 2 years operating up to 5 units at once, including a condo.  1 manager was excellent, but expensive.  1 manager was ok, a little cheaper.  1 manager was awful, very cheap, but ended up costing me way more than she saved me (I'll never get back my $3,000 worth of Costco linens).  

I'm not saying it's impossible, but highly improbable you will run into an issue, particularly with a duplex that will likely get sold to an investor.  I recommend not drawing too much attention to it, if the work seems to be quality.  

I'll take all the help I can get!  I'll shoot you a message.  

I've got one that I own currently, as you'll see me ruminating on in the other ATL thread ; ]  I just wrapped up the other two rehabs I did this year, so now it's back to the top of my priorities again.

New roof, windows and doors in place, no structural issues.  Fortunately, the property is in excellent stable condition and can sit until I'm ready to work on it with no appreciable deterioration. 

Partly, I'm begging for a GC to "come out of the woodwork" and prove me wrong : ]

In a market as good as Atlanta, I'm assuming all the quality residential GCs either (1) invest heavily in advertising and their websites to attract retail clients at healthy margins or (2) they are tightly partnered with property managers and investors and they aren't hungry for newbies to show the ropes and grow with.  

If you put in the effort, you should be able to come across some lower-end GCs that may or may not show up, probably won't write anything down or give you more than a ballpark off the top of their head, then good luck with the follow-through!  Even a low-end GC isn't that hungry in this market, but they know you are and they are happy to use that to they're advantage.  

I'm happy to tell you everything I know for free if you shoot me a PM.  I'm even willing to let you walk through a couple of my active projects one weekend.  

If you find someone, please let us know (just kidding, keep them for yourself).  Finding a good GC in this market has been such a massive issue that I literally acquired my own truck, equipment, and warehouse to do most of my own work out of necessity.  

I can barely find a GC willing to show up, let alone give a quote, especially not in writing.  If you've got gobs of money to throw at the problem, I bet you could get someone's attention, which might be the case for a homeowner but not an investor that plans on staying in business for long.  

Lending One offers a Fix to Rent loan.  I've inquired for more info to continue researching.  Thanks!

By multi-family, I take it you mean a 2-4 unit, correct?  Are you talking $100k per unit or for the entire property?  

$800 per unit is a good rule of thumb for that general area, but you would need to take into account condition as well as the following 3 considerations: (1) location (2) location (3) location.  

I've done a bunch of research on this kind of thing and I've got a couple of duplexes in my portfolio.  Let me know if you want to chat or drop in on one of my active projects.