All Forum Posts by: Greg Kurzner

Sometimes not investing is the best investment.  Whether the inventory crunch and subsequent frenzy to overpay for a property will ease as we enter spring/post-covid...remains to be seen.  Patience can be hard but rewarding.  We make several offers each week and are landing very few properties that will work for us.  But...we stick to our numbers.  Lots of investors out there are just making stupid investment decisions in my opinion.  That said, if you are prepared to lower your risk-adjusted returns just to deploy some capital, you can do that but not sure the risk is worth the lower returns.  

Julie, where in Atlanta are you buying? 

Nick, Like Arturo, Evernest...I sold my 800+ unit property management business in Atlanta to Evernest in 2019 and obviously am biased towards them for Atlanta.  Duncan Murphy is the Team Leader for Atlanta.  PM me if you need his contact info.

Hey Brandon, PM me if you like I can recommend who we use.

Hey John, I am an investor, broker and licensed general contractor in Georgia.  There are contractors and then there are licensed contractors.  For the scope of work you described, a specialty fencing vendor or other might be all that is necessary and while it is hard to sometimes find reliable contractors, there are many good ones.  One of the things I know from being an investor...someone who hires contractors to rehab my houses...and being a contractor...is that there is an inherent disconnect between what I think something should cost as an investor...and what it actually does cost as a contractor who has to make a profit.  Most often when I hear people looking for "good" contractors it is that they are looking for "cheaper" prices than quotes the contractor(s) they have asked to quote have given them.  I am broad brushing here but generally...you get what you pay for.  My suggestion is always to get 2 or 3 quotes from different vendors.  If the pricing is all generally the same...that is what it costs...and if you want it done cheaper...you might get it but you also might get less than the job you are hoping for.

Look at Evernest, also in Alpharetta.  I can recommend one or two others as well.  I used to own one of the largest PM companies in Metro Atlanta, sold it last year so I know everyone in the space.  Happy to provide some context depending upon what you want.  Greg

Hey Mark,  We are based in Alpharetta in Windward and might find something worthwhile for your son to do in our business.  We are vertically integrated, fix and flip fund, licensed general contractor/renovator, and franchised brokerage.  If you like he can contact me on Monday or next week sometime and we can talk.  

Lindsey, how do you get on the agent list?

@David White Hi David, to echo what Robert said, having been a part of NARPM and previously owning a PM company with over 2200 doors at one point, PM's that belong to NARPM certainly would be the bare minimum place to start.  You get what you pay for...beyond that, my opinion is that you need to evaluate what you want...PM's offer different services, fees and expectations of what you want need to align with their offerings.  Some owners want control, just the basics, and some want white glove, passive roles in management of their properties.  You should definitely interview more than one.  Capabilities, units under management and staff/systems are important to know...how do they handle repairs approval and execution process?  Who does what, single point of contact, team or department?  The nature of the business is that there will be some sketchy reviews because it is hard to please everyone...tenants often complain unfairly on social media and owners also get mad when the PM follows the law and not the owner's wishes...but...also, bear in mind that reviews do matter...ask your PM to provide you with 2 or 3 current owners and CALL them.  It is important to vet your PM as they will also vet you.  Difficult owners are most PM's worst nightmares so good ones will not take on or will quickly cancel owners who want to cut corners.

I don't have any reason to direct you to anyone other than to help as I am under a non-compete agreement having sold my PM company last year but happy to recommend PM(s) if you like.  Robert's outfit is a good one and there are others I would interview if I needed PM representation.

Greg

David, also happy to help.  We source rental properties for several national funds and have a fix and flip fund that we are regularly selling homes to rental investors from.  Happy to connect and see if we can provide assistance with acquisitions, renovations or other.  Greg