19 August 2015 | 1 reply
In fact, a number of threads here on BP served as the inspiration for me to start a property manager built on technology and data .
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3 December 2016 | 80 replies
There's some data to support it but the benefits are for those who have large portfolios and if you look at how most have created real wealth it's not through diversification, imo.
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21 August 2015 | 2 replies
List source is a popular list data site.
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26 August 2015 | 10 replies
As I mentioned above, there is limited data available here in which to frame the numbers you did provide (the water/sewer alone could be another $5K/yr) and we know nothing of the economic vacancy, tenant population, asset condition/obsolescence, level of performance or room for improvement.You should be underwriting a property like this to (M)IRR (with a time horizon to your exit) and weight the cash component of the return based upon the nature of the property and its location.
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23 August 2015 | 6 replies
Here were some of my conclusions:Rent seems reasonableThe price is ~8% higher than the median home value in the area (I prefer homes in the 70%-100% of median range)Trailing 5-year average appreciation rate for this neighborhood has been 0.59%35%+ of the neighborhood rents (I like < 25%)Crime is not greatSchools are not greatLast tax assessment was $5,308 vs. the pro forma's $4,680Insurance might come in higher than the pro forma based on the neighborhood profileMy data suggests vacancy & turnover is an issue in this neighborhoodThis provider also offers a 1-year rent & maintenance guarantee, so their pro formas don't include allowances for vacancy or maintenance.
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26 August 2015 | 2 replies
Kleisch include but are not limited to: Finding, analyzing, buying, and selling rental properties.Coordinating rehab and repairs required before and after tenants occupancy.Most areas of property management including: Finding and screening tenants, singing leases, coordinating repairs and maintenance, and evictions (for the first 10-12 units).Some bookkeeping such as data entry into their Buildium property management software program (for the first 10-12 units).Mrs.
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22 August 2015 | 0 replies
I have an opportunity to work with some folks in Walnut Creek CA, that's in Contra Costa County about 15 miles east of Oakland.I want to able to do title searches from Colorado. What are auction investors in CA using ...
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23 August 2015 | 3 replies
Not enough research and data: Talk about how you cover the downside rather than just the huge returns.
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2 September 2015 | 2 replies
You need to answer calls, build rapport, take down info, data entry, research the property, if it's promising you then visit the property, negotiate, fill out a contract, etc.
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24 August 2015 | 5 replies
There may also be pictures and amenities in the profile.You could try local PM's for rental data.I know it may be difficult to find data, but it must be done.