All Forum Posts by: Mitch Rubin

In regards to your search for a new PM company I would also consider reaching out to companies that specialize in affordable housing. Many of these groups manage both affordable and market rate however have a great deal of experience screening tenants and conducting routine unit inspections which it sounds like is a major issue with your existing company. These PM companies most likely will not show up on your standard Google / YELP search as they typically do not market themselves. Call the local housing authority as well as the State Housing Authority and ask for suggestions. Hopefully that leads you in the right direction as the current company is making a bad situation worse. You need to get out of that relationship.

We are looking to switch platforms for our management company that currently has around 200 units under management. We own several multifamily units but mainly are managing 3rd party SFR and small multi units. Our current software program is Promas which seems to be outdated.

Really looking for something that has a great online platform for both our residents as well as the maintenance techs. After digging into reviews online it seems like Appfolio has very bad reviews regarding customer service, payment issues and overall lacks user friendliness once they close the sale.

I was curious if anyone has suggestions for software programs? The two that stand out so far are either Buildium or Rentec, any input is appreciated.

Thanks!

I am currently in discussions with an owner of a three story property with ground level retail tenants and two stories of vacant space which was previously multifamily. The location is prime for rentals and the seller is a long time owner not interested in selling as he likes the cash flow from the retail. The property needs $1-$2 million in renovations to get the multifamily back online. 

I need to come back to owner with creative options in regards to a partnership/JV or potential seller note as a last resort. The thought is to insure the cash flow from retail passes through and that I can increase overall cash flow to owner. I am looking for creative structures that would be beneficial for both the owner and myself. Any past deal stories or ideas would be greatly appreciated.