All Forum Posts by: Kyle Soudalan

@Brandon Vukelich Hypothetically, if you got a video summary of the VA or asst doing the work exactly as you prescribed, would you trust that workflow to ease running multiple property analyses every week?

That was super helpful, thanks for walking me through that @Brandon Vukelich. And I'm glad you also mentioned you wouldn't have much need for another platform or system, given how many are already out on the market.

What would you say is the hardest part about your job as a real estate agent that you haven't found a tool as good as the local MLS to help you with? Pulling comps seems to be the bare minimum of manual work most agents can expect to do. Is there anything else that you still do manually but is even more tedious and you wish you had a better solution for?

@Owen Boller I'm curious why Compass if they don't show sold comps? Or do you pull in comps data from elsewhere and use the collections tool to aggregate and analyze information?

I looked on https://www.compass.com/ but didn't find the tool. Could you share a link to it here? I'd love to give it a try!

@Doug Smith Haha nice! How would you recommend I find a similarly competent agent? I don't know where RE agents hang out in general. I only ever talk with them when I'm in the process of closing on a new rental, and I haven't had the best experience with most agents I've worked with. I find myself oftentimes doing a lot of the work I would've expected from them. Even worse, some given overly optimistic reassurances that would've caused more issues had I taken them at face value.

@Rahul Munot
@Ran Iarovich
@Randy Rodenhouse

The three of you seem to look at similar metrics. I'm curious, how long does it take you on average to underwrite/research a single property or potential deal? And what would you say is the most challenging part of doing the analysis?

@Doug Smith That makes a ton of sense. It sounds like you've found a rare talent among real estate agents. Is that person the main resource you use to pull comps and analyze a deal?

Assuming that person retired and you no longer had access to them, considering what you've learned from them over the years, how would you DIY when analyzing a deal if you couldn't feel an equally competent RE agent?

Even though I've bought several rental properties over the years, I always feel like an amateur when I first look at a deal and try to pull comps. It feels like manually comparing it to other properties in the area on Zillow or via the MLS is inefficient, prone to missing certain details, or cumbersome to scroll up and down numerous pages.

How does everyone else go about pulling comps? Is there a strategy you always use when analyzing a new deal? Do you have some template you follow or spreadsheet of columns you always fill out to run particular calculations? Or do you have a way to quickly filter out a lot of properties before taking a closer, manual look at each

Being a software engineer, I'm itching to write code to help myself more efficiently pull comps and run more advanced analyses. But I'd love to know what everyone else's pain points have been to see if I built such a software, it would have value to anyone else here.

Being a software engineer that has invested in rental properties for many years, I am working on a service to aid myself to quickly and easily pull comps. In the meantime, I wanted to understand how agents pull comps today.

What is your strategy for pulling comps? How long does it take you on average? Where do you collect your results (json file, excel spreadsheet, custom software, etc.)? As much details as you can share would be great!

Ideally I'd like to build something that real estate agents can use. I've encountered issues with my RE agents pulling comps in the past, so I see this as an area we can greatly improve upon.

@Alex Hileman Thanks for sharing all those details.

Regarding filing evictions needing to be mailed in or handed in to the courthouse in person, why do you think that can't be done online?

I'd be curious to hear anyone else here chime into why filing evictions online isn't allowed? Let's ignore concerns about bad actors abusing the system or bots flooding courthouses with faulty, automated filings. Like most systems that were once traditional, in-person processes that moved to primarily online-based workflows (e.g. filing your taxes), there will always be some things to work through over time, so let's ignore that discussion for now.

Idk how many real estate/eviction law attorneys visit and comment here on Bigger Pockets, but I'd be curious to hear anyone with ample experience with the law and/or evictions hypothesize on why that is the case.

@Richard F. I see what you're saying now. Regarding focusing on properly screening and managing tenants, what have you done over the years that has kept your eviction rate so low? Just the standard background checks, credit report, etc.? Or have you found a reliable strategy for sourcing better than average tenants?