All Forum Posts by: Darren Ruch

 What are key performance indicators (KPI; https://www.investopedia.com/terms/k/kpi.asp) for managing my property managers that take the focus away from lagging indicators and shifts emphasis to leading indicators?

Ask: do you maintain or can think of key performance indicators (KPI; https://www.investopedia.com/terms/k/kpi.asp) that take the focus away from lagging indicators and shifts emphasis to leading indicators?

Background: I have a few 3- & 4-unit residential properties that are under professional management. They are riddled either with vacant units or occupied with tenants not paying rent consistently. These buildings are located in mostly C neighborhoods. As expected, when they perform the cash flow is phenomenal. But, the inconsistency is killing my bottom line.

I am trying to think of a different approach to take with my property manager to align our expectations in 2023.

Thank you for your help!

Hello -

My broker brought me an off-market deal to purchase 28 units. Everything looked great until I did some digging into the neighborhood and discovered it is across the street from a massive HUD/public Senior Housing Development.

I had hopes of modernizing the building and force appreciation.  Is that possible, given the location?

I appreciate hearing your feedback and experiences.  Thank you for your time.

I second this advice.  In my experience, it all comes down to time OR money - either you wait for the right deal/terms/price OR you pay for what you want right now.  I was in the same boat, none of my offers were being accepted because of my financing.  So, I had to pay upfront for a bridge loan and then refinance it out to get my down payment back.

Best of luck, and thank you for your service!

I recently posted a rental on Zillow. Over the weekend I got over 120 views but not a single reply. I retook all the photos, wrote a concise post, and think it is priced appropriately. Any additional thoughts to get some foot traffic?!!