All Forum Posts by: Jason Jauregui

I've been searching for a while now for a 30+ unit portfolio. I was about to purchase doorloop, until I found out about Rentec. They seem the same, but Rentec is a tad less expensive. Doorloop seems a little bit "prettier."

I've done all the demos with Doorloop, but still waiting to do Rentec's next week. 

Anything y'all could tell me that differentiates one from the other, besides price?

I'm looking at a few commercial properties and I'm confused as to who's numbers to use when evaluating the property. Specifically the property tax.

I know the property tax rate is about 2.8% for this region.

Seller is showing me his P&L and his NOI is 150,000. He's asking 2,400,000. I can see his
property taxes are 23,000. Using the 2.8% from above I can tell the tax authority 'thinks' his property is about 845,000. 

If I know the market cap is 7%, this would value his property at 2,100,000.

However, if I were to evaluate purchasing the property at 2,000,000 that would increase the property taxes significantly to 56,000 (using the 2.8%) thus lowering the NOI to 94,000 (all other rev/exp staying the same). With this NOI, the property would then be worth 1,300,000 at the same 7% cap rate.

So I'm confused as to which property tax amount to use when evaluating. Help.