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29 January 2025 | 3 replies
This does not involve the utility company meaning that you will still have to go into the property, read the meters, then individually bill each tenant for their usage and understand the bill is still in your name.
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27 January 2025 | 1 reply
One thing I’ve always done is focus on the 75th percentile of the rent estimates, as my properties tend to fall into that range (very nice, but small with no amenities).While I think there will always be some manual research involved, the current platforms lack key functionality that could be easily implemented with the available market data and technology.1.Quality Metrics:•Filter comps to match the quality of your rentals.
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7 February 2025 | 17 replies
Father can assist with some functions, but I guess the more he's involved the more one could argue that he needs a license.
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28 January 2025 | 3 replies
They should be able to teach you about asset risk, neighborhood risk, lay out A, B, C and D class areas, have stats on delinquency trends, vacancy trends, and other variable cost projections.
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28 January 2025 | 0 replies
.👀 Risk ManagementBoth investments require risk management:Stocks: Company performance, market conditions, economic factorsReal estate: Property maintenance, tenant quality, local market changesBut guess what?
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30 January 2025 | 4 replies
Unfortunately almost every franchise involves renting the occupied space when the property would have made more money than the business.
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3 February 2025 | 4 replies
You would arguably be better off buying a CD at a slightly lower yield with almost no risk, time, or stress requirements.
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2 February 2025 | 2 replies
I recognize that commercial real estate is struggling, with ~30% vacancy in downtown Portland and homelessness issues, but I believe this property’s tenant stability and quality make it a lower-risk option.
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29 January 2025 | 32 replies
Build a solid foundation before taking a step up - each and every step of the way.There’s a way to scale recklessly and there is a way to scale safely.When OPM is involved safe is way better than reckless.Despite a life long career in RE, I scaled as followsBought a few duplexes for my own accountBought a fourplex for my own accountBought 12 units as a JV with some friendsSyndicated 43 unitsSyndicated 30 unitsBought another 12 units as a JVSyndicated 281 unitsThis was over a 3 or 4 year period.and so forth - now I am GP in close to 1000 units with $125M AUM.Even with all that, my sweet spot is 30 to 50 unit properties - they work best for my partners and I and more importantly our investors.