All Forum Posts by: Spencer Hoyt

@Summer Crawford I'd be interested in partnering with you on some deals. Let's connect

Nice work! 

Marcel, I just use Zillow and look for rental comps.

That rental rate seems a bit high for the type of property that you are describing. Be prepared for a lower rent in your financial model.

Let's connect while you are here and I'll be happy to share.

I'd be happy to help with any questions you have about the market here in Lafayette. While the prices are low the employment outlook looks weak. I can make some introductions if you are looking to expand your network in Lafayette.

A HELOC could be a good bet or find a hard money lender to finance your deal. Best of luck

Anyone have any suggestions?

Hey guys,

I a buy and hold investor and have several SFR that I buy primarily from wholesalers in Louisiana. I tend to buy houses ~70% of ARV minus repairs and I use several independent contractors to bring the houses to rental ready conditions. I've found several good independent contractors that I trust and have the knowledge to handle most of the repairs without having to sub out each individual task. I want to scale my business and want to have the right systems in place in order to do so. My problem that I am experiencing is how to manage contractors at scale? How to you manage time sheets and keep track of which projects each contractor is working on? Scheduling etc. My end goal would be to have some visibility into how long each task takes to complete and see which contractor is the most efficient at completing a task. Any help on this subject is much appreciated.

Thanks

Nice deal