Rental Property Investor · Escondido, CA · Member since 2017 · 684 posts · 550 votes
I am getting close to the identification period of my 1031 exchange and am considering Table Investments in OKC. I only recently heard about them thru Get Rick Education by Keith Weinhold and wonder if anybody has experience with them. For me, it's not only a matter of the deal at the time of purchase but especially the property management, having a repair and renovation team, getting great tenants that want to stay long term.
I am grateful for anybody who can tell their story and experiences with Table Investments. Thanks
@Chris Hyde, Thank you Chris and Rhett. I spoke to them today and it appears their approach is mainly as a facilitator of c-class deals. They said that they mainly aim to satisfy investors who want to get maximum returns. My aim is long term hold because my portfolio is for my retirement. They stated that they used to do traditional turnkey and now converted to this facilitative model. For me, I am afraid of the blame game when each entity, PM, maintenance, renovation, selling is in different hands
Following up with your concern of property management not being in house. As Matt Terry pointed out above, Table Investments does have property management in house! We opened up this year and it's going well so far. Happy to put you in contact with our PM so that you can discuss further if you'd like.
Also, I wanted to thank everyone for their kind words. You all help me love what I do everyday!
@Axel Meierhoefer I’ve not done a deal with them (yet) but I’ve met with and chatted with Alyssa, Kiera and their team and they’re top notch. I also subscribe to their pre-vetted deals which are offered weekly. I would highly recommend them.
lol they keep asking me in letters they send if im tired of my current pm and managing rentals. makes me laugh since I own and run the PM company but i doubt they pay attention to who those mail outs go to. otherwise i have never met them that I am aware of.
@Chris Hyde, @Rhett Tullis Thank you Chris and Rhett. I spoke to them today and it appears their approach is mainly as a facilitator of c-class deals. They said that they mainly aim to satisfy investors who want to get maximum returns. My aim is long term hold because my portfolio is for my retirement. They stated that they used to do traditional turnkey and now converted to this facilitative model. For me, I am afraid of the blame game when each entity, PM, maintenance, renovation, selling is in different hands
@Axel Meierhoefer i generally recommend having your agent and PM be the same person for many reasons but one is they don't want to over promise you on potential rents as they will be the one trying to get it leased in the future. i know there are negatives as well but in my experience they do not outweigh the positives.
@Kameron Holloway I haven't done a deal with them yet, mostly just due to timing. I do keep up with them though and continue to look at their deals on a weekly basis.
I am an investor with Table Investments. My partner and I purchased our first property with them about 2 years ago, and now we have 13 units that have all been purchased with Table, and we’re looking to continue to grow with them. After an awful experience with Homeunion, we were put in touch with Alyssa and we’ve never looked back. Alyssa is hands down the most knowledgeable and accessible person I’ve ever come across in real estate, or even in business. Email her at 2am, you’ll have a response by 2:10am. Nobody works harder than Alyssa and her team. The whole process is seamless. They’ll make sure the deal is right for you, help strategize your long term investment goals, and really become a partner with you. We have also turned all of our properties over to Table Property Management. Again, they’re knocking it out of the park.
If anyone has more specific questions, feel free to ask.
New investor perspective here. I've called and vetted several "turn-key" or "REI advisor" companies that are promoted through various podcasts including BP. I have not done a deal yet, but I can tell you that Kiera is very responsive, professional, and looks out for you with exceptional market knowledge.
Good inputs from everybody! I am also looking to get into my first rental as an active duty OOS military investor. I have spoken with Kiera over the phone and she seems very knowledgeable and in tune with my desires as an OOS investor.
@Adam Cade. Table Investments is AWESOME! Just came back yesterday the entire operation is exactly what I need as an Out-of-state investor. No pressure just information and you make a choice. Guarantee I will be buy one or maybe two properties with them this year.
@Delbert Standifer great to hear! My Air Force buddy @Ron Todd has had great experience with them and could probably give you some feedback! I hope to do some business with them at some point in the near future!
I can update. I went under contract with four properties and I purchased two from Table. Kiera and team are professional and take initiative to get things done. Both properties are managed by Table as well. It's only been 1.5 months, but Kaleb and team is also on point and treat my properties like they are theirs. Communication is fantastic. They are currently helping me with an abandoned property and I feel like I'm in the best hands to make and opportunity out of it.
Hey Delbert, I bought a 101,500 dollar house (30yr conv, 20% down). All things considered, I CF $320 a month on that property. Table's proforma was fairly accurate, but I used my own insurance and lender contacts for better terms/rates.
I have spoken with @Kiera Underwood on the phone about potential future business, and she is freakin awesome! Very thorough! Doesn't push anything on you! And very knowledgeable! She's the lady to talk to!
@Chris Hyde, Thank you Chris and Rhett. I spoke to them today and it appears their approach is mainly as a facilitator of c-class deals. They said that they mainly aim to satisfy investors who want to get maximum returns. My aim is long term hold because my portfolio is for my retirement. They stated that they used to do traditional turnkey and now converted to this facilitative model. For me, I am afraid of the blame game when each entity, PM, maintenance, renovation, selling is in different hands
Following up with your concern of property management not being in house. As Matt Terry pointed out above, Table Investments does have property management in house! We opened up this year and it's going well so far. Happy to put you in contact with our PM so that you can discuss further if you'd like.
Also, I wanted to thank everyone for their kind words. You all help me love what I do everyday!
@Kiera Underwood That si actually one of my selection criteria. The reno or construction needs to be in the same hand as the sale and the PM. I am not working with TKs' that do it differently because I have only seen problems. I moved all my properties out of the hands of PM's that did not also purchase, renovate, and manage the properties. Good to know that you made that change
Understood @Axel Meierhoefer we also manage any renovations you choose to do. You could say we have the project management and construction available via our company. We sometimes provide properties are already renovated and we often provide properties that have not been fully renovated so you can choose what extent of upgrade to do at tenant turnover.
We will differ from most TKs in that we're not committed to one way to make you money. We'll do whatever makes the most sense with the current market. I wouldn't call us a turnkey company. Instead a company that sometimes provides a TK product. We're just a bit more flexible than a TK only company.
@Axel Meierhoefer I'd just keep your eyes peeled for when we send out fully TK stuff. We may be sending out new construction at some point as well! I see you're on our inventory release. Happy to help anytime something looks interesting. Don't hesitate to reach out.