All Forum Posts by: Omi C.

Thanks for the replies @Josh Brook and @Evan Polaski. Yes, more frequent cleaning is essential at this time. Virtual showings are going to be tricky, but I agree that there isn't a better alternative.

Evan, I don't really invest in Santa Cruz yet - aside from my primary residence, that is. But I'm always on the lookout here for a deal that pencils out!

How do you think operations should change for apartment buildings in this Coronavirus times?

More frequent cleaning of common spaces? 

Notices about washing hands, or detecting if you might be infected?

What are you doing, or planning to do differently in response to the Coronavirus?

I have similar criteria. I'll reach out to you as well @Logan Freeman.

Another informative BP thread. Thanks all!

@Robbie Reutzel, I wanted to clarify a comment you made about doing deals "direct to seller". Do you mean that these deals don't involve buyer/seller agents? If so, are there reasons to do this aside from the seller saving on the commissions they would have to pay?

Hi Rob,

Treat the HOA as just another cost. If the deal makes sense considering this additional cost, then it does!

Also consider that the HOA might reduce some of your other expenses. Certainly contact the HOA and discover what they're responsible for. The HOA on one of my properties HOA maintains the grounds and takes care of snow/ice removal etc, so thats a cost I don't have to worry about. Your HOA might cover replacement of the roof that you're worried about. You don't know until you have all the facts.

Finally, I'd certainly find out if the HOA has an opinion about renting vs owner occupied. Not something you want to discover later on!

Good luck!

Omi

Thanks Logan, reaching out privately.

Hi everyone,

I'm looking for a detail oriented inspector in the area that can handle small-ish multi unit properties (less than 100 units). Any recommendations?

Thanks!

Omi

@Annelyse Finley I'm doing the same thing, except I'm driving up from Santa Cruz, lol. 

If this is anything like the last summit, the networking and informal discussions on Saturday night alone will be worth the price of the whole weekend. Last time, I got the info and connections I needed to start investing out of state. 

@Jay Hinrichs - I saw that on the agenda. Looking forward to it, and will come find you and introduce myself.

I've been waiting for this weekend for a long time! Really looking forward to meeting old friends (Jay, Minh, Troy, Shane, Al, Brie), and making new ones. The lineup is phenomenal. Gonna be taking notes like crazy.

Haves:

• Out of state small multifamily investing experience
• Kansas City market knowledge
• Kansas City Property Manager, contractors, inspectors, re habbers connections
• In depth research on the best BBQ places in Kansas City :-)

Wants:

• Network with other out of state RE investors
• Value add small to medium size (4-20) multi units in Kansas City
• Multi unit wholesalers in Kansas City
• Market cycle indicators, insights, and strategies, local and nationwide?
• Learn about new investment strategies (notes? vacation rentals? etc)

See y'all soon!

Omi