Erik Sherburne
Higher rents more likely to come down than lower rents
2 July 2018 | 25 replies
In Portlandia were are see price concession and or free rent etc on some of the new build real high end 2500 dollar elevator buildings on the east side.. this is happening now.form what a friend of mine who owns a management company with 6k plus doors was telling me at lunch.a few buildings are stressed right now.take this scenario.. you buy the land 3 to 5 years ago it takes at LEAST 2 years to get through permitting then another year to build.. cost of building in this time has gone up 10% or more.. land is static .. and your proforma show this ever increasing rent.. you now come on market and your 4 story elevator building now cost you 400 a foot to build.so your in a new apartment 400k.. you need 2,500 a month just to hit your investor grade 4 to 5 cap.. and now rents start to pull back as they are or lease up is very slow at those values.. so you have full amount of debt on the building and of course everyone these days has max debt.. so debt service and DCR ratios start to go out of wac you have annual reporting and loan covenants .. you no longer meet your covenants and you have a cash call to your lender along with negative cash flow.. this is what I mean by some are stressed..
Steeve Breton
Are most syndicators only taking accredited investors?
30 June 2018 | 17 replies
Again just me I got to thinking well there is not time in the day to do proper client communication and service.. people are going to be calling and want specifics so to me it just seemed like something that would get pretty unmanageable in the Case of a WATER LANDING..
Catherine Stevenson
ABC Capital not transferring rent (Philadelphia, PA)
18 May 2022 | 28 replies
But if I'm in the field and not in position to take notes or know cell service is reliable I don't answer; but a call back is always quick.I'm really disappointed by the difficulties you are having.
Troy Lilly
What to do when a moderator wrongfully removes a post?
28 June 2018 | 4 replies
After reviewing the said Moderator's profile, he had started a umber of discussions promoting himself quite bluntly looking for services...
David Montore
Seller Financing Question
2 July 2018 | 10 replies
Maybe then, look into loan servicing companies.
Ciarraghe G.
Need some advice on next move to make
4 July 2018 | 13 replies
Eugene and Bend have great AirBNB market potential but I worry about cleaning/turnover services being reliable and they are too far for me to drive to on a whim.
JR Lizarraga
Best Strategy in Finding Leads
29 June 2018 | 3 replies
When searching for leads, which service do you recommend on using, Rebogateway, Leadsource, or PropertyRadar?
Dan Beavers
Handyman Referal for the Eastside
28 June 2018 | 0 replies
I'm a brand spanking new Landlord and I'm having a very hard time finding a reputable handyman that services the Eastside.
Aaron Winters
Exclusive v Non-Exclusive Buyer's Agent
3 July 2018 | 6 replies
Curious, what is the standard length of time for these types of services?
Zachary R.
Inspection Objection Deadline- New Boiler & Sewer Scope Help!
4 July 2018 | 3 replies
Recommend the boiler be serviced and certified by a qualified boiler specialist prior to the end of the contingency period.