All Forum Posts by: John Stoeber

The housing shortage is so bad in Littleton that the city is doing what it can to assist owner occupants

@Charlene Fetzer hope it helps! Feel free to reach out if you have any questions

@Brian Briscoe thanks for starting one of these in Gaithersburg. I’ll definitely be there!

@Luke Teson @Taryk Baylor where do you pull your land lists from?

@Priya Thomas also interested in hearing the Google Voice setup

I know it's been a while, but anyone know if RUBS is legal in Baltimore?

@Julia Bykhovskaia @George Mevawala how are you two automating the turnover process? Based on her experience's in the article it seems like it would be really difficult to scale this unless you had your own cleaning service in house.

Originally posted by @Nick B.:

@Joel Palmer, the payroll is for on-site personnel. The rule of thumb is one employee for 50 units. So, for smaller properties it is always a challenge: do you want to have a manager or a maintenance guy? If you want both, you either pay them low (bad) or hire them part time (better). Another option is a full time manager and a contract repairman - a manager would collect work orders and call a maintenance contractor to perform the actual work. In this case your payroll stays relatively low but your contract services budget increases.

 @Nick B I'm going to assume the Contract Services is handling most of the Repairs & Maintenance, so how would you allocate this expense to each line item?  Labor to Contract Services and Materials to R&M?

@Sam Rust congrats on your first syndication. This is very inspiring, and I think you’re in a rapidly growing market. If you wouldn’t mind me asking how did you get around the net worth requirements for the loan, and what occupancy was the complex at when your lender underwrote the deal?

@John L. do you have any idea what the cost structure is?