All Forum Posts by: Marc Roth

Where is Hero’s  home located Jay? My company Energy Network would make a donation  if it’s in a Energy deregulated State. Nevada is not and probably never will be because of Politics unfortunately 

Regards 

Marc Roth 

CEO

Energy Network, LLC

The Client Always comes First 

With Utitltity costs constantly on the rise the deregulated supply markets offer a way to budget and increase cash flow IF done correctly. 

Unfortunately many investors, landlords and developers even seasoned ones don’t understand the nature of the Electic and Natural gas supply contracts they enter or have a long range plan. 

We’ve been highly successful to bringing transparency and increasing net icome to any bulding or business. 

If you care to know more and are tired of the constant cold calls promising amazing savings then it’s time today to take control. 

That where Energy Network comes in. The Client Always comes First. 

We educate, enact a plan based on your long range needs and then time the markets. Without the timing what are you really buying on that supply contract? 

Let us take a look at your current plan today and get started on the path to increasing the profits on all that hard work you’ve put into your investments. 

Please ask questions! 

@ Eric Delcol 

That answer comes based on what numbers of reality? Almost every major market is showing a slowdown in mortgage apps, property sales declining in price and sitting longer on the market. 

I’ve heard this thesis before that rising interest rates somehow spur additional growth but it’s never happened in any market. The basic underlying factors of large downpayments and higher borrowing costs by either homepwners or investors never changes. It costs a lot more to own then rent. That’s something that cannot be disputed how that an lead to any “Boom” as you say is not realistic. 

If anything buying as an investor to rent is an opportunity however the capital and time required up front is the deciding factor on the purchase price and additional money needed for repairs before tenancy. More now then ever location and markets have to be seriously scrutinized before buying. 

I see most R.E. Investors new and too narrow focused. They are overpaying. Yet when i speak to savvy clients and highly successful long time building owners the answer universally is many markets are ridiculously overvalued and they are not buying. 

The Federal Gov’t has two more interest rate hikes scheduled for Sept. and Dec. this year. We have already had two. Both had an immediate effect on most markets across the board. 

How will this effect the R.E. Markets valuations? 

Do u have any properties in Jersey city? 

Is there ever a specific information about any crash? Did we have one 10 years ago?

With the change in tax laws, rising interest rates and a luxury market that’s clealry slowed now and prices coming down substantially there’s quiet a bit of info. to consider. 

We now have the case-Schiller latest report to add to the mix.  

 http://s.bl-1.com/h/co2rDbmH?url=https://www.cnbc.com/2018/08/28/case-shiller-june.html

Hello Everyone,

I'm a long established Energy Management broker representing many landlords and businesses through guaranteed Electric and Natural Gas contracts along wth reduction plans. My background is Accounting, Finance, Equities trading/Financial planning and worked in Commercial leasing in Manhattan back in the early 90's. My company is now well established and being around many building owners and property managers have learned a tremendous amount about Real Estate. I've also put together a group of investors looking for cash flow positive properties and would consider flips although not our focus. 

I'm looking for other building owners, investors, attorney's, hard money lenders, etc. who are interested in networking. I'm in Fort Lee but am looking down in Central Jersey too for deals. 

Also, if anyone would like some solid advice on how to navigate the very difficult process of Electric and Natural Gas third party contracts to actually save your buildings money through a proven Energy Management program feel free to ask. I specialize in Commercial, Warehousing, Multi family housing, Hotels, Restaurants and Fitness facilities.

i have a good property manager for that area if you want. He may handle it since it probably doesn’t require a ton of maintenance and you’re in his area. 

As far a the instance is concerned many of the insurance carriers offer a discount when combining home and auto insurance. Since it’s a small multi family i don’t think an insrucsnce broker is needed depending on your future plans. Obviously $400 a month is not a lot of money so i have to guess this is the first of more to come.

I question the CPA's recommendation of not makng this an LLC. That again depends on future plans. If i were you I'd seek another opinion on the CPA's advice. If needed i have an excellent one.

If you need names and help let me know and I’ll be happy to share. 

Good luck and congrats 

Marc Roth 

This is all a part of being a landlord. You’ve put all this money into something up front, gone through all the aggravations of closing and renovating to start collecting rent to pay the expenses. Problem is all sounds great until you have to list and rent it. Then you’ll have property problems to deal with along the way. 

The better you screen for good tenants, the less headaches you’ll have. It’s realky that simple. If you want lower your standards that’s your choice but be prepared for issues either with damage or non payment of rent and going through the process of eviction all while you’re collecting nothing and having to pay the expenses along with legal fees. Even if you win in that case it doesn’t mean you’ll get the money owed so having good tenants is always the first point of order to start the very long process of getting all that money you put in up front back. That will take many years and many more before you start seeing any kind of actual profit. 

Since we have such little info. On the ad’s and comps in the area, etc.  it’s impossible  to make a rational assessment of what’s wrong. 

One issue i see right away is the location. Milwaukee is not a hothead of employment. Not exactly a good location (Class B or A) to buy in. Therefore that’s a slow and essentially undesirable market to even think about buying in unless it’s a low income area. Those would probably rent quicker since you’re casting a far wider net of demographics of people that can afford the rent. After all if they do have good means they could simply buy a home instead of rent it which is probably what people r looking at. 

You also bought a single family home instead of a multi family to spread the risk. 

Property is cheap in Milwaukee and the area for a reason. Fact is not many people want to actually live their unless they have to. If you provide a link perhaps there a good explanation and solution can be found. As others have said it’s probably your price. 

As mentioned it’s all state and locally mandated and what’s in the lease as well as tenants rights. 

Why you aren’t having your attorney answer this question is beyond me? 

Got speak to your attorney. It’s sounds to me like you agreed either verbally or written to allow them to stay. Even if you haven’t most of the time if they keep paying rent and you accept it that’s a binding contact. 

Perhaps next time you’ll speak to your lawyer before making an agreement. 

That’s being a landlord.