24 September 2015 | 7 replies
In a fund model the investor makes his money over time and the economics to the managers are in large part directly tied to the return we achieve for our investorsReduced management time / ability to be hands off – we would suggest that for most accredited investors, the amount of time it takes to properly understand and optimize the performance of the business, even if it can be achieved at all from a long distance and without becoming a specialist, is probably better spent on other activitiesBenefit from greater economies of scale than one can achieve with individual purchases – everything from materials purchasing, rehab crews, property management etc.Advantages on debt – specifically: Funds’ debt is non-recourse to investors whereas individuals’ debt is typically fully recourse to their other assets in a worst case scenarioFor many foreign investors debt leverage is not available at all or not on competitive terms, so this is a particular improvement for foreign investorsEnhanced exit scenarios, specifically becoming attractive as an institutional roll-up, with the better potential exit valuation that may drive vs. a one-by-one sale scenarioWe have bought and managed 2000+ homes in a range of markets for institutional investors in the past few years and so definitely bring best-in-class management experience to the venture.
8 October 2015 | 39 replies
As soon as you file with the court, it will become part of the legal record and it could affect her ability to find other housing.One other thing.... whenever a tenant is late with rent, I check to make sure they are paid up on utilities.
14 October 2015 | 66 replies
Again this would almost certainly cost someone their license as well as a huge civil liability.I agree with you about the severity, but high end agents work in a world where some are very protective of their ability to keep working.
21 October 2015 | 70 replies
I didn't analyze the build ability too hard.
27 April 2017 | 12 replies
If you don't have the ability to close the deal, send it over my way.
1 February 2017 | 9 replies
Yes, there are exceptional agents who know what a good investment is and who don't let their commission color their advice but it's unlikely you have the ability at this point to properly "read" the agents and figure out which is which.There are 2 meetings you should attend.
20 February 2017 | 23 replies
And my point here is that that particular skill is a Pre-requisite to entering a business that depends 100% on your ability to do just that.
12 December 2016 | 27 replies
People make it happen for sure, but I've personally have found that working with a solid team delivers much better results and there is a lot to be said for the ability to divide and conquer.Now, of course, if you find that you don't enjoy working on a team, then that really trumps everything I've noted above.
15 December 2016 | 14 replies
You either feel at home, confident in their ability and transparency, or you quickly realize that customer service is not their focus and you need to run for the hills.
16 December 2016 | 17 replies
I agree with this but not all localities allow you to force the tenant to use your repair services, i.e. you have to allow them the ability to make you whole using their own contract labor.