All Forum Posts by: Julia Bykhovskaia

Dear fellow BP members: 

We will have our next event on September 24th. 

Pancham Gupta and Rajan Gupta, multifamily real estate investors who accumulated a portfolio of over $32mm in assets in the south east, will share their personal experience buying and managing a 76 unit deal Chapman Pointe Apartments located near Charlotte, NC.

PLEASE NOTE: Space is limited and we will collect $5 fee to help cover the cost of the rented space. PLEASE PAY ONLINE here: https://paypal.me/sunsailcapital.
The cost at the door will be $10.

Some of the things we will be talking about:

1) Developing a broker relationship
2) Sourcing a deal
3) Submitting an LOI/negotiating PSA
4) Due diligence on the deal
5) Financing of the deal
6) Choosing a property manager
7) Implementing a business plan

Also, register here: https://www.meetup.com/Apartme...

Looking forward to seeing everyone!

On the revenue side, to get estimates - the most reliable way it to find someone already doing STR and ask them and hope they would disclose. Or, call property management companies (if it's a vacation area - they should be there) - and ask. The problem is...even those data points are not 100% reliable. Because you don't know how they are running it. Same property well run vs property poorly run - HUGE revenue difference. Decor, # of people it can sleep, great photos - all make a difference. Can look on AirDNA too - but don't rely on this info either. Hugely distorted. But if there are a LOT of listings, can get some directional guidance what a true occupancy/daily rate is. So that's the challenge #1.

Expenses are much easier to get right - taxes, insurance, mortgage, maintenance, HOA fees, utilities. Revenue side is more complex.

Challenge #2 as others pointed out - regulations. They are truly unpredictable. Example of Jersey City - they passed an ordinance in 2015 allowing Airbnb. In 2019, out of the blue, with no warning - reversed 2015 ordinance and largely banned STR (very heavy restrictions). NO GRANDFATHERING. (The hosts are still fighting it, it's not final yet). This part I find unanalyziable - you just don't know. So the only thing you could do to mitigate this risk it so to buy at such a price that your rental would work as a long term rental if you have to convert down the road.

Details: 

https://www.meetup.com/Apartme...

Please join us for our next educational event: REAL DEAL CASE STUDY! This event is Co-Hosted with InvestUp! Multi-family Apartment Real Estate Passive Income Meetup.

Pancham Gupta, a multifamily real estate investor who accumulated a portfolio of over $32mm in assets in the south east, will share his personal experience buying and managing a 76 unit deal Chapman Pointe Apartments located near Charlotte, NC.

PLEASE NOTE: Space is limited and we will collect $5 fee to help cover the cost of the rented space. PLEASE PAY ONLINE since we won't have the capacity to collect the fee at the door.

Some of the things we will be talking about:

1) Developing a broker relationship
2) Sourcing a deal
3) Submitting an LOI/negotiating PSA
4) Due diligence on the deal
5) Financing of the deal
6) Choosing a property manager
7) Implementing a business plan

PRESENTER:
Pancham Gupta, Mesos Capital

WHEN:
September 24th
6:00PM Networking
6:30PM-7:30PM Presentation and Q&A
7:30PM-8:00PM Networking

https://www.meetup.com/Apartment-Investing-Mastery...

Please join us for our educational event: MARKET ANALYSIS 101! This event is Co-Hosted with InvestUp! Multi-family Apartment Real Estate Passive Income Meetup.

We will be covering the basics of real estate market analysis and research when conducting due-diligence on apartment deals.

Some of the things we will be talking about:

1) What criteria to look at when analyzing various real estate markets
2) Benchmarks you can use to make your life easier
3) Where to find the necessary information

PRESENTER:
Julia Bykhovskaia, Sunsail Capital

WHEN:
July 31st
6:00PM Networking
6:30PM-7:30PM Presentation and Q&A
7:30PM-8:00PM Networking

I’ve heart Smartbnb is good for Airbnb only service 

@Mike F. Just read your story actually- I can so relate! They sucked. Gazillion of glitches and NO customer service. I brought it up to Stephan and his response was - “we are a start up and we take time to enjoy our weekends too”. (Took 4 days to respond to something needing immediate attention). I still get mad just thinking about it! 

I think Orbirental is still well and functioning under Hostfully umbrella. I used them, hated the service and lack of the customer service and dropped them. Now use Guesty- not ideal but good enough. 

Dear All - please join us for the night of drinks and networking on Wednesday, June 26th. Place is still TBD, we'll post the updated spot in a few days; you can RSVP here: 

https://www.meetup.com/Apartment-Investing-Mastery-NYC-Meetup/events/261991648/

Come network, make new friends and have a few drinks with us and talk apartment investing - what can be better on a Wednesday night! Looking forward to it and see you soon. Julia

Register here: 

https://www.meetup.com/Apartment-Investing-Mastery-NYC-Meetup/events/260421488/

Dear Friends! If you want to learn the basics of Apartment Investing (100 units+), please join us at our first educational event on apartment fundamentals on April 3rd. IMPORTANT!!!! PLEASE RSVP HERE: http://meetu.ps/e/Gwftg/13bnK/f

Please join us for our first educational event: Apartment Investing 101! We will be covering the basics of investing in large (100+ units) apartment complexes.

Some of the things we will be talking about:

1) The Pros and Cons of single family vs multifamily investing
2) The advantages and benefits of multifamily investing
3) Risks of multifamily investing
4) Multifamily fundamentals
6) How to invest in apartment complexes passively
7) The process of buying an apartment complex

PRESENTER:
Julia Bykhovskaia, Sunsail Capital

WHEN:
April 3rd
6:00PM Networking
6:30PM-7:30PM Presentation and Q&A
7:30PM-8:00PM Networking

ADMISSION:
You have to RSVP and please arrive 10 min earlier since you'll need to get your badge from the reception. If you are not on the list, you won't be able to attend - so it's important that we have your name