All Forum Posts by: John Heisler

I don't do apartments specifically but jumped into larger commercial deals (office) from residential and it helped to find a fellow investor who was ahead of me in office who was willing to partner. We found a building we liked that was bigger than what he had done before. We leaned on his track record and were able to convince a few investors to LP with us to purchase the property. We told all our investor friends we were getting into commercial and it helped sourcing deals, raising money! 

In short, tell everyone your plans, keep yourself out there, don't afraid to do smaller deals to step up to larger multifamily if that is your goal. OR go work for a team that is already doing it. Learn how they do it and copy it. 

I've used innago which is free (charges the tenant to pay on innago only) and hemlane. Hemlane is 30 bucks up front but only $1 for each additional property so scales fairly well. Hemlane is objectively better at repair tickets but not free. Check them out! 

Agree with the others. Do one deal and apply the inevitable lessons learned to the next deal to save you money!