All Forum Posts by: Jeff S.

I'm sure you are right, owner occ would be valued higher. But I'd think for the simplicity of the single transaction, and the fact that they are turn-key for the buyer, I feel like a deal could be made. I suspect its a fairly regular transaction, I just don't have any clue as to the logistics of it, or where to start.

Any insight into how a deal like that works? How would you list them all at once? With whom? (not specifically, but is that a commercial broker thing?)

Lets say you had 6 single family homes in Ferndale MI, valued between 90k-160k each. All currently leased with good tenants, rents ranging from 1k-1,350/month. Lets say hypothetically you wanted to sell them. Without asking for specific agents, what would your approach be? Sell one at a time? All at once to an investment group? Are there people or companies out there that buy blocks of houses? How do those type of companies start their valuations? All based on rent roll, home value etc? Based on your approach, is it a residential broker you are looking for? Commercial?  Is that even a deal a novice like myself can pull off? 

Jeff Gates, thank you for the response. Care to expand on that?

Thank you Zachary Curry, I hadn't even got to that part yet. That is great info. I guess my initial question is more along the lines of software for book keeping. i.e expense reports for individual houses, business expenses as a whole etc. Any ideas there?

I manage 20 single am homes, and may be expanding to 50 or so. Best property management software for this task?

 Thank you for the reply and the info. Is their an advantage to us "hiring" ourselves to manage our current properties? Of course the focus would be to pick up new clients, but I'm just wondering if there are any tax implications or things I'm not thinking of.

 Thank you for the reply. I kind of figured that. We do know a few brokers we could get involved, do you know to what extent they need to be included? Does small percentage of ownership suffice? Do you have any experience dealing with prop management companies? What in your mind separates the good from the bad?

 Thank you for the reply. I kind of figured that. We do know a few brokers we could get involved, do you know to what extent they need to be included? Does small percentage of ownership suffice? Do you have any experience dealing with prop management companies? What in your mind separates the good from the bad?

Broad question, right? Yes, I know. But lets get specific. I'll try to be as concise as possible.

I and a partner (Paul) own 6 rental properties. Our company has teamed up with another investor (he owns 35 more with various partners or solo) to buy 14 more SFRs. His name is Brent.  For those scoring at home, that is a total of 55 houses, all self managed. 

We also have friends with properties in need of management and a lack of management companies in the area.....

So....logic would say there is a business opportunity there. Brent has a crew, a warehouse, gobs of tools, and a steady stream of people calling for rentals, work done at their rentals, and people dropping off cabinets, toilets etc (warehouse is next to recycling center... sweet huh?). Brent is also too busy to handle office work, menial tasks etc. I happen to love menial tasks and organizing, paperwork etc. 

So, where would people recommend we go from here?

Form an LLC to handle management duties?

Start pounding the pavement building a portfolio of properties to manage? 

How do we set fees? 

Can we "hire" our new company to manage our existing rentals?

Any other suggestions?

Brent and I would be the only ones involved in this, all others are passive investors.