All Forum Posts by: Eric Hamm

did you ever find someone to help you out?  I'm interested in having someone help me set up Podio as well. 

@Michael H.

I am fairly new to Apartment/Commercial investing. I have been doing most of my marketing and deal making manually. However, I've become overwhelmed with keeping everything flowing and would like a CRM tool (or something similar) to help me with my ever expanding workflow. I am hoping for some suggestions for a CRM tool that is set up well for Apartment/Commercial investing. Most everything I've come across seems to be focused on the SFR Investor, wholesaler, or flipper. Those CRMs may be just fine for what I'm doing, but before I pull the trigger on one of them, I figured I'd ask the experts :)

Here's a partial list of what I'm doing and how I'd like to do it:

1) I am currently identifying properties using Reonomy.  Once I've found the owner of the property, I start a mail campaign (8-10 letters, some of them handwritten at this point) and I call.  I'd like a system that I can import my property owners into that will automate some or all of this process.  For instance, it would remind me to send out the 3rd letter in my campaign to Owner A and my 6th letter to Owner B, etc. on the day they are due to be sent (based on my mailing schedule)

2) I'd like to be able to store OMs and any due diligence on a property all in one digital location

3) I'd like to store all of my lending contacts, contractors, etc. with the ability to make notes as I communicate with them.

4) I'd like to be able to send out LOI's from the system and have them stored with the property file

5) Once I've contracted a property I'd like one place to manage my rehab, etc.

6) Once I've rehabbed the property, I'd like to be able to manage my leasing efforts.

7) Once I've decided to sell the property, I'd like to be able to manage my marketing, etc.

Again, some of the CRM tools I've looked at seem to do some of this, but are geared more towards the wholesaler/flipper with less emphasis on some of the activities I'm wanting to manage (i.e. #s 4-7)

Does anyone have a tool they are using they would recommend?  

Thanks in advance for any and all input!

Eric

Jason,

Good to see you here!  I'm a newbie as well with similar interests.  I live in the Central Valley (Merced) and am interested in investing in apartments in the Valley - in particular the area between Sacramento and Fresno.  I'd love to connect...maybe we can help one another down the road?

I'm going to try to make it...I'll be coming from Merced (about 2 hours south of Sacramento).

@Tim Jones - Thanks for organizing this event.  I have a conflict, unfortunately.  So, I don't think I'll be able to make it...but please keep me in the loop!

Eric

This being an old thread, you may have already found what you are looking for, but have you looked at Time Value Software?

@Jason D., do you mean $250-$300 per door per month?  What size properties are you usually working with?

Paul...thanks for the reply.  I intended to throw the “I realize every market is different” disclaimer to my post.  Thanks for adding that.

Realizing that every market is different, I am still curious what metrics are important to different people.  I’m hoping to get some input that I can then apply to my market.  And, actually, my plan was to take the input from anyone who replies and create my own spreadsheet.  Sounds like you already have one that works for you.  If you would be open to sharing yours, that would be much appreciated.  If it’s proprietary or you’d rather not, I completely understand.

Your reply contained exactly what I was looking for...so THANKS!

I'm new to MF investing. I've heard the SFR guys and gals talk about what they must see in a deal in order to pull the trigger - for instance:

I've heard people say, any deal I'm looking at MUST:

* Have $200/month minimum cash flow

* 12% Cash on Cash Return

* Must meet the 2% Rule

Etc....

I'm curious, when it comes to MF (and apartments specifically), are there any minimum requirements you all are looking for in a deal?

I sincerely apologize if this question has already been asked and answered on the forum.  I looked, but couldn't find it...thus this post!  All responses are welcome!

Tim,

Thanks again for getting the meeting up and running.  I thought it was beneficial, certainly.  I think we should try to meet once a month (at least in the beginning) to build some momentum.  Once the meetings have gotten some traction, we can consider spreading them out a little (or not).

I'll definitely try to bring someone (or two) to the next meeting.

Thanks again!

Eric