All Forum Posts by: Jesse Kerr
Jesse Kerr has started 22 posts and replied 73 times.
Post: Hiring someone to manage your portfolio
- Fairfield, CA
- Posts 79
- Votes 26
If you wouldn't mind sharing, what are the top 5 time consuming tasks you come across? Much of what I'm experiencing is placing tenants, background checks, meeting them onsite, handling calls, dispatching maintenance to handle issues etc. I'm not demeaning your position, I'm merely seeking an avenue in creating a fixed cost scenario while also having total control on how my tenants are handled. From what I've heard, once hitting around 90+ units, it's time to hire another manager to help with the workload.
Post: Hiring someone to manage your portfolio
- Fairfield, CA
- Posts 79
- Votes 26
Hi, I'm hitting the sweet spot regarding my property management company. I'm paying well over 70k/year vs hiring someone would cost much less. Has anyone hired someone on payroll to oversee their personal portfolio? The numbers all work in my favor since this will turn into a fixed cost rather than a % of gross rents. Wanted feedback if anyone has done this and/or currently is.
Post: BPCON 2022 - It’s on my calendar to order tickets today
- Fairfield, CA
- Posts 79
- Votes 26
keep me posted!
Post: How do I classify a nieghborhood if I’m a out of state investor?
- Fairfield, CA
- Posts 79
- Votes 26
Quote from @Robert Matelski:
Originally posted by @Cesar Perini:
I’m looking into Cleveland OH and I see many potential properties to invest in. I would like a rental or try the brrrr method but I’m having trouble committing to a house when I can’t really figure out the neighborhoods. Besides flying out to Ohio is there anyway I can identify the class of a neighborhood?
Hey Cesar! I live in California as well, but I have been investing in the Cleveland area for years! I currently own 8 rental properties there.
I've gathered a ton of information on investing in the Cleveland area, and would be happy to share it with you if you are interested. It includes, among other things, a comprehensive map of the Cleveland area, grading each area from A+ down to F, using a consistent, objective and transparent methodology using publicly available data. The thing about Cleveland neighborhoods is that they vary dramatically, even within the same zip code or suburb sometimes, so it is important to dig down really deep (like I have done).
Feel free to add me as a connection and drop me a private message!
HI, I'd love any info you have on the cleveland area. Thanks!
Post: Cleveland.. what’s your favorite?
- Fairfield, CA
- Posts 79
- Votes 26
Quote from @James Wise:
Originally posted by @Samantha McDougal:
Hi Cleveland, OH investors!
What is your favorite thing about investing in the area?
All that Government Cheddah they are throwing around on these ultra cheap Section 8 properties.......Yum....
What areas would you suggest? I have a team in place and are purchasing. Does seem like the ohio area is similar in build size, structure etc.
Post: Bay Area Real Estate Coffee Meetup
- Fairfield, CA
- Posts 79
- Votes 26
When is the next one?
Post: Best Conferences/ Seminars For Multifamily Investing 2021
- Fairfield, CA
- Posts 79
- Votes 26
Originally posted by @Evan Haft:
Hi @Bo Black,
IMN hosts several conferences with great content and they are deployed throughout the country in different markets. We are attending the conference in Dallas in a few weeks and would be happy to share any others that are coming up here soon!
I would love to hear of any other conferences/conventions you would suggest.
Post: How did you find your first partner?
- Fairfield, CA
- Posts 79
- Votes 26
Here's what most won't say.. Look on zillow.. Search for multi's under 80k.. If you see a ton in a certain area, detroit, tennesee, etc.. Good indication. Now.. call every property manager and ask what areas they like (zip codes) and preferred areas they like to manage. Also ask if they have a rehab team..very important. If they do, write them down. Then look for properties needing value-add. Something in the 50-70's.. needing 20-25k rehab.. ARV around 120k.. zillow, rentometer, prop stream, trulia.. I could go on.. DM me if you want more. it's only a process.
Post: How to analyze Apartment Building
- Fairfield, CA
- Posts 79
- Votes 26
Originally posted by @Jeffrey Donis:
@Jesse Kerr When I analyze larger apartment deals, we get rent rolls and T12s, and input information into our analyzer. Underwriting a deal is different with larger properties. A great way to learn how to underwrite 100+ unit deals would be to walk through a case study. You should check out the Deal Analysis Workshop that Think Multifamily hosts every year in Texas. They do a deep dive into the fundamentals of underwriting, what to look for in a good deal, how to identify your investment criteria, and they even break down how to use their analyzer. Here's more info. https://thinkmultifamily.com/d...
Thank you for this. You going to this event?
Post: How to analyze Apartment Building
- Fairfield, CA
- Posts 79
- Votes 26
Can I ask this question again for those who are answering a question with a question. How.. do you analyze apartments ie. 5+ units and above.. Don't answer with depends. You know how to. I am asking what measure are you using to determine if asking is to high, on par, etc.. I can do this in 3 seconds on duplexes if asked. Pretty sure you can with apartments..