All Forum Posts by: Tom Kaider

I'm near Chicago.  My partners and I work mostly with condo rentals.  But a few of them have sold entire blocks of rentals to other investors, as turnkeys, because they wanted the cash to put down on what they saw as a better deal, like a 6-unit building or a commercial property.  Investing has sort of an evolution aspect to it, so if you make friends, you can create win-win scenarios with investors in different stages.  

I am a Property Manager, so if you can find a good deal on a little condo in your area, or a house, I am happy to walk you through the analysis of it, to see if it would cashflow.  What I'm saying is that you may not need to buy a turnkey.  Just do it yourself! : )

I am a property manager.  Some of my multi-family building owner clients asked me about this, and so our solution was to just put almost every expense thorough our software (we use Buildium).  So the property taxes, insurance, everything is paid through the client's settlement account. He just treats us like his CFO.  That way, he doesn't need a second set of books.  He just prints out all the reports from out software and hands it to his CPA.  If you have any questions, feel free to reach out to me.

I love Houston.  When I was there last, I spent all day driving around all those interesting wards.  Some of them are rough neighborhoods, but you can still see the remnants of old mansions.  They are fascinating from an economic perspective.

If you need any advice or help with regard to property management, please reach out to me!

A great property manager changes everything. They add ROI. If anyone has questions about management, please reach out to me.

Because my partners and I also invest, our management business is naturally tailoring itself to help investors.  You don't need to live with any pain or frustration of managing your rental holds. Most of our clients are near Chicago, Milwaukee, Madison, Orlando, & Las Vegas, but we are expanding into AZ & TX.  But if we are not yet in your city, please contact me anyway.  We are constantly expanding, and we can work something out.

I like talking about property management in all its forms, for free. Please do no hesitate to reach out to me at [email protected]   Even if you do not hire my firm, I can advise you on how to find a great manager.  

Also, please be on the lookout for any management contracts for sale.  We will buy the book of biz of other property managers.  Please connect with me and A Plus on Facebook, LinkedIn, etc.  https://www.facebook.com/aplusmanagers/

Thanks!

-Tom

That's what is frustrating about on-market deals.  I've basically skipped over that entirely, and focus on finding off-market deals.  Talk to a distressed seller directly and the deal is much easier. 

Great question. It will be at our office in Palatine, near Durty Nellie's. I enjoy and respect the REIA's and all that, and I attend, and they add value, but I just think there is one category of meeting type missing in the industry, and that would be the meetings to group-analyze and do the deal. My meetings would not be for tire-kickers. Beginners are welcome; experience level is not relevant, but what is relevant is that the attendees want to do a deal immediately. Like we fund the LLC and go do the thing, that day. At least decide on the participants and move it forward.

Buyers like you are a great fit.  Think of it this way, if you have money to invest in a flip, then one way that information comes to you is in a .pdf from a wholesaler, but some of that info you have to take on faith or send you inspector to look at it.  In my meetings, we keep that value back in the deal because you are sitting next to the guy who has the deal, and we can throw it up on a laptop projector and click around and analyze it and go do the thing.  So you have instant partners, be they the money people, the birddog, the repair people, whatever.  And whatever you are is fine too.  Do what you love to do and partner with people to perform the other aspects.  

We don't need to compete with one another.  None of us do.  My vision is that as we grow, we simply start buying up the ugliest 20+ unit building on the nicest block and do a value-add play on that, then a 40+ unit, then a hotel, etc.  Many hands make light work and a rising tide lifts all boats.

That's the vision.  So yeah, if you are looking to buy, come hang out and buy.  What I want it to become is a comfortable, fun, social command center for investing.  We could literally walk to Nellie's afterward, but while we are there, we are there to drill down and move forward on deals.   All that is required of an attendee is: 1. Do not ever do anything shady or dishonest.  2. Come ready to contribute to the deal.

-T.K.

If we are not already "friends" on REI Blackbook (and Bigger Pockets), please message me and let's set it up. Let's both build our networks!

I created this so that we can all build an investing command center together: NW 'Burbs Investor Meetup

It is designed for either beginners who learn better from experiential learning, and so we add them to a deal, or, for experienced investors to simply do more deals, bigger deals, etc.  This is not a social or networking event (primarily).  It's at my office, and we are there to buy into deals.  We'll have fun and all that as well, but the idea is that we keep the meetup limited to people who are ready to bring something valuable to the deal right now.

If we are not already "friends" here (and on REI Blackbook), please message me and let's set it up. Let's both build our networks!

Welcome, bro!  It's a big family, with people all moving through the cycle of investor level.  At some point, we will all be the buyer, seller, lender, etc.  It's not a competition.  If you need any help in and around Chicago, let me know.

-Tom