All Forum Posts by: Ray Hespen

Our software is Property Meld. We specifically work on the maintenance management of properties. Our system actually helps coordinate, and stay on top of all maintenance activities in your operation automatically. Although our core function is maintenance.... rent collection is coming up in the next 2 months. This system won't let me post an e-mail so just enter information in the form (found under the 'DEMO' button) and put 'from Ray' in the any of the fields (other than e-mail) and the team will make sure it gets to me. We could then set up a quick demo for you.

Thanks!

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I appreciate the opportunity to get to share thoughts and ideas. We started a company in 2014 in order to help property managers. Our software is built on the principle of understanding the industry. I look forward in engaging in discussion as a better way to understand what's on the minds of those in the business.

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Originally posted by @Jimmy Mills:

Originally posted by @Russell Brazil:

Originally posted by @Jimmy Mills:

Originally posted by @Russell Brazil:

Originally posted by @Jimmy Mills:

"if you close more than one out of ten offers, you're paying too much."

Sorry to be mean here...but this is one of the most absurd statements I've ever read. On my own properties I get about 9 out of 10 offers I make. If you are only getting 1 out of 10 accepted or less....then you simply do not know how to operate in the market place and you are just wasting your own time writing fruitless offers and other peoples time too.

Worth mentioning, you've only confirmed that you close 90% of your deals (which I don't doubt), rather than refute that you're paying too much. Furthermore, "too much" is relative and surely means something different to each person reading this.

I pay exactly what a property is worth...though I actually did overpay on the last property I purchased by 3%....an over payment that will be erased in about 6-9 months of appreciation on that particular property. So in that case it was worth the small premium to secure a property I wanted. Though if I, as well as another buyer (it takes two buyers to create a market) were willing to pay that, then theoretically I actually only did pay market value.

Thanks Russell. I get what you're saying about understanding the market. Your response was precise and technical. My musings were just that, musings. I'm getting back into a REI thats changed, reading new materials, and just poking around for peoples experience. Maybe I hit the wrong forum and don't mean to waste anyone's time with absurd questions. I'm more of a "there's no stupid question" kind of person. Then again, this is the internets...

I think it's a great question worth discussion. Depending on the capital you have available and the revenue to be generated on the properties, being aggressive and taking 10 for 10 isn't all bad. I think it has to do with your position. You look at the big dogs in any market and they can play that game, and they make plenty of money doing so. Questions of course could be 'could I have saved/made some money on that deal'? I'm sure you could double think each transaction..... but if you end up profiting off each transaction in a deal that might not have existed.... I'd take the profit.

Just my humble opinion. Forgive me for being too wordy, just started joining in on these discussions.

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All Forum Posts by: Ray Hespen

Ray Hespen has started 2 posts and replied 23 times.

Post: Software CEO from Maryland

Post: Software CEO from Maryland

Post: "If you close more than one out of ten offers, you're paying....