All Forum Posts by: Malcolm Kruger

I currently work for a SFR fund that is looking to get into the build-to-rent space. When underwriting for rent we use comparable properties; but in some of our markets we do not have any new build homes to make an assessment for the new build projects.

Have any property managers here seen a difference in the way new builds rent compared to recently renovated homes? And do you have any other insights on renting for new build single family property compared to recently renovated?

-Is there higher demand?

-Should we project a certain $/% higher than a given comp that is recently renovated and rented?

Any insight will help!

I currently work for a SFR fund that is looking to get into the build-to-rent space. When underwriting for rent we use comparable properties; but in some of our markets we do not have any new build homes to make an assessment for the new build projects.

Have any property managers here seen a difference in the way new builds rent compared to recently renovated homes? And do you have any other insights on renting for new build single family property compared to recently renovated? 

-Is there higher demand?

-Should we project a certain $/% higher than a given comp that is recently renovated and rented?

Any insight will help!

What is the best way to find off market properties and connecting with legitimate wholesaler's to source deals?

-We’re currently acquiring properties in

• TX - Waco, Killeen, Temple/ Belton, Wichita Falls
• OK - Oklahoma City, Tulsa
• TN - Memphis
• NC - Greensboro, High Point, Winston-Salem, Thomasville, Burlington
• SC - Columbia

If you are a wholesaler or have someone in your network that is working in those markets, I'd love to connect and see how we can work together!

Quote from @Nicholas L.:

@Malcolm Kruger

just curious, why not source your own deals?

 We do. We are opening our lead gen as the market is slowing down. 

What is the best way to find off market properties and connecting with legitimate wholesaler's?

I currently run acquisitions for a SFR aggregator executing a long-term buy-and-hold strategy. We are focused on value-add single-family homes and we currently have 500 homes under management.

-We’re currently acquiring properties in

• TX - Waco, Killeen, Temple/ Belton, Wichita Falls
• OK - Oklahoma City, Tulsa
• TN - Memphis
• NC - Greensboro, High Point, Winston-Salem, Thomasville, Burlington
• SC - Columbia

Our offers are most competitive when the homes are in need of repair or have legacy tenants. We are well capitalized, have a great team in place to execute quickly on opportunities, and work with best-in-class vendors as it relates to lending, insurance, title and escrow. Historically, we’ve purchased most of our assets on the MLS and through direct-to-seller channels.

If you are a wholesaler or have someone in your network that is working in those markets, I'd love to connect and see how we can work together! 

Quote from @Rhett Tullis:

One way I find that owners have success in this is through their property manager.  We have access to a multitude of properties we manage and are generally the first to know when something will be sold and can help make it happen often before it even hits the market.  Be nice to your PM!

I hear you on this! Our main property manager's were the first we reached out to. What company do you work for?

Quote from @Nicholas L.:

@Malcolm Kruger

I don't have an answer to your question, but I was just curious to see if you'd be willing to share what markets you own in, and what markets you're looking in.

 Yeah! We are currently buying in 

• TX - Waco, Killeen, Temple/ Belton, Wichita Falls
• CO - Pueblo
• OK - Oklahoma City, Tulsa
• TN - Memphis
• NC - Greensboro, High Point, Winston-Salem, Thomasville, Burlington
• SC - Columbia

Do you have any advice/ideas on how to source portfolio's of real estate?

I run acquisitions for a SFR aggregator executing a long-term buy-and-hold strategy, focused on value-add single-family homes and we currently have 500 homes under management. In 2022, we've found success by purchasing packs of distressed single family homes and we're looking to expand this acquisition-via-pack initiative. If you are selling a pack, represent someone selling a pack, or know of someone selling a pack... I'd love to connect to see how we could get a deal done together! If you've sourced a pack in the past, where did you find it and how was the process?

Hello BP, 

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I have been targeting off market deals and one of the lists I target is pre-foreclosure due to the motivation level. However, there has been a lot of push back from these owners as they either dodge calls or get contacted all the time. I was wondering if anyone has had a successful way of contacting them? Cold calling, email, sms etc? And also the best intro into contacting them to not rub them the wrong way or make them feel as though we are taking advantage of their tough situation.