All Forum Posts by: Olivia Grabka

@Stephen Jones. Cash flow beast? Is that based on present day operations or is it a projection? We passed on a 17 unit this year, the Seller gave us a spreadsheet with projections that he wanted to pass off as current income. The red herring was his inability to produce leases; we have other property in the market so we knew the numbers were possible but the property needed alot to get there.

Long & short, if the numbers make it worth it - do it. Every property comes with a set of headaches, you are experienced so you know that. The one technical piece of advice I can pass along, is to increase your vacancy & misc costs provisions when running numbers; C markets should be calculated at 10% minimum.

@Rami Khaldi. You don't need to network with hard money lenders, you just need to email them & ask them for terms. Every hard money lender I have ever run across has a standard rate & fee sheet, that sheet also includes their track record requirements.

@Shenell Caldeira. Don't waste your time, bank will not speak with you; banks contract out all of their foreclosures with asset management companies. Me & my team worked with bank on short sales and REOs (bank owned properties).

@Marshall Swatt. American Heritage Lending, ask for Marquis Escobar.

@DeAndre Mason. Make an offer on your own contract; the Seller will either accept or deny it. The Agent doesn't have anything to do with it.

@Jacob D.

1. Reach out to their case manager

2. Tenant is subject to losing eligibility if they don't comply with lease terms accepted by the program

@Seung Don Hong. Call the tenant, work it out by speaking with them... Text should be reserved for non critical communication, not fixing a significant error like this.

The upside: your tenant is likely to understand and work with you, but you need to talk to them.

@Lisa Rodriguez. Rentredi works for me; we own 24 & manage another 12. Its easy to use, not super fancy but I prefer function above all else.

@James Simoes. Umbrella policy, speak with your insurance broker explain what you want to accomplish & they should be able to create a policy that will allow you to scale with a single LLC.

As a side note, I would not do a DE llc; its just an extra step, you will need to register as a foreign entity in the state you are doing business in anyway... In my opinion, all you are doing is creating an additional expense & yearly corporate task.

@Adam J santamaria

Fellow Mass res!!! Rentredi. Use Rentredi. We self manage 24 units & manage another dozen for landlords in Central Mass. Rentredi is simple & keeps track of everything. Hope this helps!!!