All Forum Posts by: Noah Swank

Arthur, fellow wichitan here. Welcome, feel free to reach out of you any questions or have a good wholesale deal.

Noah Swank

Petra Investment Partners, LLC

park city, KS has something similar, one time inspection, registration and a fee. I'm not familiar with Hutch Zach sorry

welcome Chris! Let me know if you have any questions.

Noah

Petra Investment Partners

are you expenses 418/mon/unit. If so that was already factored in. To calculate the cap you look at net operating  income  of 2688/year and divide by your purchase price of 140k to get 1.92%. This calculation is missing allowance for vacancies and non payment of rent and maintenance /capital expense. On some thing like this I would carry 10% of rent for each. 

I'm a fellow Wichita investor, that return is very low. In this market it's not to tough at all to find a 6-8 cap

Thanks Nancy and Steve for the information

Thanks Nancy, my wife is a licensed realtor in Kansas so I think we'll be ok there, but I will look into it further. I like Quickbooks for alot of things and I use it on a couple other businesses but it doesn't manage the tenants, maintenance work orders or marketing for real estate

Thanks Steve, I still appreciate the information (and positive comments!) Does Quicken Rental Property Manager QRPM handle any of the marketing, tenant epay or maintenance? My thought was that QRPM may be a little more direct to  rentals but not fully integrated like I'm looking for regarding tenant mgmt and investment analysis

Hello Fellow BP Users,

I'm an real estate investor that self manages a portfolio of SFH/MF and small commercial. I've completed demos and research of several of the programs out there (appfolio, propertyware, buildium) but haven't found the comprehensive tool that I am looking for and was wondering what other users like best. My primary goals are as follows:

- Have a tool that automates the tenant mgmt process (the programs mentioned above seem to have this functionality

- Be able to leverage the tool into a property management service provider in the future, also seems to be in realm of these programs

- Be comprehensive for an investor and provide financial analysis. For example, I want to be able to include my cost of acquisition, manage my projects (schedule, bids, communication, drawings) and apply ongoing performance to the basis to calculate IRR, hold value, levered returns, mortgage paydown, etc.

- A tool that has everything in one place for a investor and a fee based property manager. After all, why wouldn't my future investor clients want the same financial information that I want?

Any feedback or experiences are appreciated.

Thanks,

Noah

Petra Investment Partners

Jerry, are you offering fixed rates and at what term/ammortization length?