All Forum Posts by: Alan Strong

Depending on what after value is you could refinance it out after 90 days of having a tenant 

Awesome. Welcome! 

We are a real estate investment & property management company with properties in multiple states. We are seeking an employee to oversee property renovations and rehabilitation ("rehabs") for newly purchased single-family rental homes ("SFR"), apartments and high-cost turnover rehabs for existing SFRs. Establishing budgets and timelines, and assuring work is completed timely and within budget. Candidate must demonstrate excellent organizational and communication skills and facility with technology.

Responsibilities:

• Establish, manage and maintain workflows and budgets, including change orders and final verifications
• accurate updates to management reports
• Evaluate and revise existing rehab procedures and standards
• Select and manage employees, local contractors, and vendors
• Manage materials selection, procurement, and pricing
• Ensure all rehab activities performed in the field are properly tracked in the appropriate systems
• Provide appropriate value-add decisions for each individual property

Required Skills:

• At least 5 years of experience in single-family residential construction and rehab, including at least 2 in a supervisory or management role
• Associates or bachelor’s degree
• Ability to read, write, understand and communicate in English; ability to communicate in Spanish a plus.
• Ability to effectively present information, negotiate, resolve issues, and respond to questions from owners, regulatory agencies, groups of managers, vendors, and the general public
• Ability to read, analyze, and interpret general business periodicals, blueprints, and government regulations
• Knowledge of Microsoft Office and an ability to demonstrate skills in Excel, Word, and PowerPoint
• Self-starter with time-management, prioritization and delegation skills
• Required to stand, walk, sit, use hands, reach with hands and arms, talk and hear. The employee is occasionally required to climb, balance, stoop, kneel, crouch or crawl. The employee must occasionally lift and/or move up to 75 pounds.
• Diverse geographic building and zoning knowledge experience a plus, or experience in obtaining this information

We provide equal employment opportunities to all employees and applicants for employment and prohibit discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws.

Job Type: Full-time

Experience:

• Single-family residential construction and rehab: 5 years (Required)
• Supervisory or Management: 2 years (Preferred)
• Vendor and contractor management: 2 years (Required)

Education:

• Associate (Preferred)

Work authorization:

• United States (Required)

Work Location:

• Multiple locations in Omaha Metro Area

Benefits offered:

• Paid time off
• Workplace perks such as food/coffee and flexible work schedules

Pay Frequency:

• Bi Weekly

@matthewsmith Happy to talk through it with you. Send me a PM here on BP and will connect up. 

@Greg Naughton We get about 50% of all of our protests approved. Just like @Kyle Godbout said have your comparables available. If it is a recent purchase and price was below the current assessment those are easy. Just not that on your form. 

When you reference using a 3rd party, we would also like to know of any companies in Nebraska that provide this service. Good luck! 

@Matthew Anderson

We recently bought a small property management company here in Omaha called Peterson Bros Realty. I have owned my own brokerage which we sold to a large franchised company in 2010.

I have been investing in the real estate space in Omaha and Lincoln for many years. 

We are a property management company now being built on the foundation of our experience working with 3 of the largest property management companies over the years,  taking what we loved and scrapping that which we hated as an owner/investor. 

We have a slide scale management fee, in addition, we offer rehab and service for $30-$75 an hour. This is designed knowing that not all service needs are the same and should be charged accordingly. We only offer this service to our clients.

No more $85 an hr for someone to install blinds. Ha Ha

We also meet or video conference with our owners annually to review the assets. It is our goal to be in the 40-50% expense ratio excluding P and I on all properties. 

We do not take on any clients that are not committed to building a portfolio of investments or have an established portfolio. 

We have never had an eviction in our personal portfolio and bring that depth of screening and understanding resident challenges with us.

If you want to learn more, feel free to reach out. 

Regards.

Alan

Thanks for sharing. I like the tip for getting a future ARV value. @Stephen Sykes

An attorney friend of mine has been traveling the country speaking on these. If I could get him to come and speak about Omaha and the opportunity do you think you would have interest? 

Jonathan, I would strictly base upon the ability for property to cash flow at the terms you need to meet your investment criteria. In other words, structure it backward. Put in a purchase price and loan terms, then reduce the PP until it meets your criteria of cash flow. If you want to talk through it further feel free to drop me a note. Good luck!