All Forum Posts by: Miles Tiglao

I'm creating an AI-augmented tool to bring property & market analysis, lead generation, and marketing development to the average investor. I already have a software development team chosen and will start production very soon. 

Ping me if you're personally interested to help shape it or reply if you have features/capabilities you would love to see.

I'm developing an AI-enabled analysis and lead generation tool for REI. I'd love some help additional set of eyes or insight on features and capabilities.

I’m self-starting a project to make AI-enabled analyst tools accessible to the new and upcoming investor. My goal is to make it easier for us to reach financial freedom. This means quick (and later deep dive) financial analysis of a property as well as market and rent analysis of the city. If you’re interested in going on the waitlist, let me know below and DM me your e-mail address.

I'm also looking for a handful of people to help me make sure it is usable and accurate. If you're interested, also tell me about your investment history and interests (e.g., how many doors, SFR/MFR/STR, how long have you been investing) because I want to get a mixed group of experiences.

Why a waitlist?

I need to know if this project is worth pursuing since it does cost (personal) money and time. I also need early adopter feedback to make sure it’s what you/we need (I’m an investor as well). I’m planning to give early adopters special deals or access. And if you’re a top feedback provider, I'm planning for a permanent discount for any subscribed services.

Let's do this!

I'm set to complete rehab for a 24-unit property in Memphis. I'm currently on a bridge loan so I'm starting to shop for good commercial lenders with competitive rates. Anyone have any good ones to share?

I'm looking to purchase a 2-4 unit MFR in Sioux City, IA. I'm looking for a knowledgeable realtor.

I inherited MidSouth Best Rentals (https://midsouthbestrentals.co...) as a property manager when I purchased some Turnkey properties in Memphis.  For the past 2-3 years, they seemed fine.  But when I decided to sell a few of my properties I started finding all sorts of issues.

1) They tried to charge me $4570 for a turn prior to selling a property.  When I had my doubts, I had my realtor check it out and she said it wasn't needed.  I didn't do the "recommended maintenance".  The property sold as soon as I put it in the market.

2) As I was selling another property, my realtor noted damage to the roof (a blue tarp was covering it).  When I asked about it, it was due to an ice storm that occurred 4-5 months prior!  They "forgot" to tell me about it and gave me an excuse that they didn't tell me because insurance wasn't going to cover it anyway.  I talked to my insurance agent, they do.  But now that it's been so long, I'm having a lot of trouble getting my insurance company to cover the damage.

3) I was in the process of selling a third property, and I had to keep asking my PM if my tenant moved out.  I kept on getting excuses.  My realtor checked on the property herself and confirmed that it was vacated.  It still took them another week to confirm but only because I explicitly told them that it was vacated.  Each step of the way, I didn't get an update from them.  I had to keep asking.  And I kept asking if they would initiate collections on the tenant because she didn't pay her last month rent.  They dodged the question for 2 weeks despite multiple follow ups.  Finally, they told me that since they will no longer be the property manager, it's not their responsibility to initiate collections.

Beware of this company.  I am pulling my remaining properties from them. I'll take responsibility for not managing my PM better or just being okay with the PM based off of a single recommendation.  I was a fairly new investor then and this is a lesson learned for me.  

Sharing my experience to help my fellow Memphis investors.

I'm looking at an MFR for rehab and rent. It is a historic building so I assume I have to get extra approvals. Anyone have experiences to share? Pros/Cons/things to watch out for?

I'm looking at a 6 unit MFR in a small college town. Town population is 18K and about half are from the college. Not much else in the area other than restaurants and similar. Advisable?

Thanks for the feedback!

I have a PM that hit me with a large turn-over bill $2-3K.  They said they re-painted, did yard work, etc.  When I questioned the work (It looked like I got billed for re-painting twice) and asked for receipts and post-pictures of work done, I'm getting excuses/delays.

Other than firing them (which I plan to do because they've been substandard in other ways), do I have any recourse to challenge the maintenance costs?  They're taking away the maintenance off of my new lease/rent so I don't feel I have the option to refuse payment.