All Forum Posts by: Peter Tverdov

Good grief you're wanting to sue because your unit didn't rent? Don't own real estate then. Sell and buy QQQ. This board sometimes lol...

I email our entire portfolio each year and offer to know what their goals are and how we can get them there. I work with a handful of clients each year on the acquisition and construction side and help them make an enormous amount of wealth on top of managing their properties here in NJ. 

If you treat your PM like a company that just unclogs a toilet then you're really short changing yourself. 

If you have an active root...over time it will grow back in there unless you excavate, cut and remove. 

All of our PM staff gets a small bonus for every lease that is fully renewed 30 days prior to the deadline. They also get a small bonus on every review they generate. We pay our remote team members an end of year bonus regardless. 

Sadly, many people treat them like a commodity. We have a property management company in New Jersey where we make some of our best clients hundreds of thousands of dollars between helping them force appreciation, increase cash flow, finding them deals etc. I think our best client in the last 4 years we probably made them $750,000.

Then I get the call from the one property owner trying to nickel and dime me that we will charge $190 for his townhome and he can get someone else to do it for $125. Okay pal, go with them I am sure it will work out the same (sarcasm) (hangs up phone).

Like anything in life, you get what you pay for. 

Insurance was really created for catastrophic events (fire, flood, etc) not for small claims. You need reserves and that can pay for it. It sucks but that's what is required when you own property. Deeper pockets...maybe I should create that website name haha. 

Zillow and realtor.com leads just did not work for me. They sucked frankly and it conditions the agent to act like a monkey for people instead of acting like a confident realtor who knows their value. Think about it. Zillow rings, you need to drop everything, oh sure sure I can show you the house tonight at 5pm. You have no leverage, no rapport and then they look at the house and never call you again. Stupid.

I know it works for some teams but not me. 

Cold calling absolutely works. I closed 3 deals this year off cold calls. Did one right in front of a new agent to "live train"

Email newsletters I am not a fan of. I don't like all the email junk BUT I do get it because it keeps your name in front of them.

That looks like something from chat GPT to bh

Anyway, I have a hard time explaining to people time value but if you value your time and hire a good property manager it's a no brainer. We make some of our clients 6 figures in equity through forced appreciation and helping them reposition their portfolios. 

Then I get the prospective clients making 6 figures on their regular job but they're still swapping out doors on kitchen cabinets or fixing toilet guts in the evenings and can't see the forest through the trees yet. 

 We use Appfolio and we still have to manually send out the reports to owners each month. Kind of annoying tbh.