All Forum Posts by: Jeffrey Richard
Jeffrey Richard has started 24 posts and replied 37 times.
Post: Outsourcing Online Staff & Automating Tasks in Property Management Company
- Posts 39
- Votes 15
Starting a property management company from scratch, currently managing 150 properties. We want to automate as much as possible, leveraging tools like AI and virtual assistants (e.g., from the Philippines). Also, we’re looking for recommendations on property management software for streamlined rent collection, fee processing, and automated profit distribution to owners. Any advice on using AI to enhance operations, software options, or setting up efficient processes? Thanks for your insights!
Post: Most User Friendly PM Software (20-25 units)
- Posts 39
- Votes 15
Quote from @Mary Smith:
@Jeffrey Richard I recommend Innago. They have been a trusted property management software and we use all their features. They are free to use and the software is super easy to navigate. Since they're free, I would say that they are very cost effective haha
I went with Innago thanks.
Post: Most User Friendly PM Software (20-25 units)
- Posts 39
- Votes 15
What is the most cost effective user friendly PM Software? I will have 20-25 Units.
Post: Is it possible to develop a town in Colombia similar to Tulum, Mexico?
- Posts 39
- Votes 15
Quote from @Matthew C Dominy:
Having lived in Tulum and Colombia, I will share my thoughts. Tulum is a magical location from the white sand to the jungle behind. It is truly a beautiful place. While I have only been to the coast at Cartagena, I am pretty sure that most of the Colombian coast is unimpressive and thus not really the environment for a Tulum-like destination. Santa Marta has nice beaches but that has already been built up almost Rio Style. Then there is San Andres, which is gorgeous, but an island. But also very much discovered.
Both places are not unknown to international tourism. I lived in Medellin and many expats were heading to these places. I cannot opine to the ability to do a project there. And there could be some opportunities in these places. But in my opinion, this specific vision is not possible in these areas.
Sorry that this may not be the response you were hoping for
Have you seen these places?
Post: Is it possible to develop a town in Colombia similar to Tulum, Mexico?
- Posts 39
- Votes 15
I've been researching the Colombian coast and believe there may be potential to create a destination similar to Tulum, Mexico that would attract international tourists. Tulum has beautiful beaches, trendy restaurants and shops, and eco-friendly resorts that make it very popular.
I'm wondering if anyone has insights into whether something like this could realistically be developed in Colombia? Are there specific locations along the coast that might work well for this? What would be the biggest challenges or hurdles to making it happen (e.g. infrastructure, safety, government support)?
I'd be very interested to hear thoughts from anyone with knowledge of Colombia and the tourism industry there. Do you think there is untapped potential to create a "Tulum-like" destination? What would it take to make it a reality?
I'm in a position where I can using leverage over and over to buy more properties.
There would be cash flow in my area because the properties are not expensive however they do not appreciate much and the cities around me are dying and not growing.
What would be the risks of using leverage to buy an extensive portfolio?
Post: Current state of STR in Broward and Miami Dade
- Posts 39
- Votes 15
Is it easy to just buy a property and STR it? or are there too many restrictions to go through now?
Post: Bankruptcy Rates for Real Estate Investors Using Leverage?
- Posts 39
- Votes 15
I'm researching the risks associated with leverage in real estate investing, particularly the rate of bankruptcy among investors who use leverage. Could anyone share insights or statistics on this? Additionally, what factors typically increase bankruptcy risk for leveraged investments? Any guidance would be appreciated.
Post: AI effecting jobs and real estate markets
- Posts 39
- Votes 15
Quote from @Shanequa J.:
People will always need a place to live.
But if they can't afford places to live.
Post: AI effecting jobs and real estate markets
- Posts 39
- Votes 15
In the next 5-10 years could AI cause a major disruption in the economy due to mass workers being laid off?
How could that effect real estate markets?