All Forum Posts by: AJ Singh

@Prash Manohar

Send an email to PM company asap to notify you of any work orders exceeding $50 and pics attached to every request. No work to be performed until your authorization. If they dont want to work this way, terminate the contract. you can self manage through hemlane and cozy. 

Even though you are OOS, you are still the property owner and PM's client. Multiple $150 to 300 work orders every month is a red flag. This is not normal at all

Did you get the rental inspected. if yes, what were the notes of the home inspector?

ask PM for invoices for materials and labor for all your past workorders. call the vendor if you have to and substantiate this work is done at your property..

since its a picky tenant, ask them to move out. Dont be afraid of a turn, its part of business.. Hopefully you have bought in a B neighborhood and not the hood as in cash flow cities.

@John Neville

have you reached to a local realtor and asked about the neighborhoods and comps in MLS .

Have you toured the neighborhood. Hopefully you are not buying as a remote investor only.

you may be able to find a house in a better neighborhood via a local realtor and a referral to local management company.

on the market for 75 days is a red flag 

@Shriraj Shah

@Ashish Acharya and other posts have given spot on advice.

Turnkey as a term is being loosely thrown about.. Check out Chris Clothier posts on the forum. You have not mentioned your location but checkout your local counties. You may be able to get in residential SFRs or 2 to 4 assets with comparable yields..

if you are going OOS, then make sure to scale quickly up to 5 properties to see the cash flow benefits in a couple of years..otherwise all cash flow will go in vacancies, maintenance and management expenses..

@Tushar P.

The real gainers in the syndication structure are general partners, the operator who are earning fees for managing the asset, social media influencers and BP posters who may be LPs and also part of the operating team,

Every syndication talks about bumping rents and buying a B asset in a A class neighborhood :)

@Matthew Williams

i can put you in touch with a local realtor who knows that area well..

please dm me for info

@Tony Kim

Even a small percentage of your real estate in multifamily syndication will not yield the same results as your direct ownership.. The full bonus depreciation is only available to a person who is a real estate professional ( and there is a certain criteria to that designation as per IRS) 

If you want 7 to 8 percent yield, invest in riverside and san bernadino county multifamily. You can exchange in these properties as well..

Read a book on multi family syndication and you will realize that if you want to make income in that field, you need to be the one operating the syndication..Every syndication is not a home run and most of the Gurus in the multifamily space are also running a education empire e.g. lucrative master mind clubs and seminars...

@Dave Michael I would second @Jeremy Gaal's advice.. I would pull out equity via refinance as long as your area is experiencing both appreciation and rental revenue growth. I did sell 4 SFRs this year as low appreciation was happening in our area and we got behind in market rent. we did 1031 in multi family assets but both asset class is very different in management and quality of tenants.

Do you due diligence

@Shyam Panchal

You did right to walk away from this one. Its tough to hold property while living in UK unless you have family in Houston. If you are not making money till year 3, how does a correction in real estate market impact your ownership? 

@Drake Holt

Memphis is booming due to job growth and hedge funds acquisitions. You still need to select your neighborhoods for rentals since you are not playing with public money but yours.@Chris Clothier has given great insight. Our portfolio has done very well for last 5 years in appreciation and cash flow. Rents are growing and Tennessee is a landlord friendly state. Easy to turnover tenants to maximize rental cash flow. Just select a good property manager if you are out of state investor.

@Michelle Herschend you can have better results with STR in big bear lake, temecula

i suggest you have a conversation with @Zachary Beach about big bear STR model.