All Forum Posts by: Tanner Ueland

Im looking to become more and more invested into this great networking tool! Made it my homepage so that every time I log in, I can browse forums/discussions and my goal is to start doing that daily!

Thanks

Hey Jenna! 

Congrats on getting your first flip deal in motion! A good rule of thumb is to talk to as many people as possible. Reach out to your network as word of mouth will be your best friend in finding a good contractor. And who knows, once you establish a good relationship with a contractor, you could be getting word of mouth referrals as well! 

Definitely get lots of bids and compare those to one another. Make sure you are clear and precise in what exactly you are wanting to have done. The last thing you want is the grey area where the contractor is not exactly sure what you are wanting to be done. 

Thanks!

Hey Carl,

As brad mentioned, I believe you can reach out to the utility company and they should be able to give you information on past bills/current billing info because you are the owner of the property. I reside in Oregon though, so state to state laws may differ but I would definitely reach out to them.

Thanks!

Hello All!

My name is Tanner I am currently a on-site property manager as well as a real estate broker in Portland. 

The apartment complex that I am the manager at, completed construction in early February of this year. As march rolled by and we were doing well with leasing, COVID hit at a very unfortunate time during our lease-up period. Our units here are very nice and are near the top of market rent for around the area (newer apartment buildings).

While COVID has been a big challenge in getting people to rent these high end units while unemployment skyrocketed, I managed to get to about 80% leased up for the building. We are offering incentives such as one month free, waived security deposit, etc... But it seems we are having trouble getting the remainder of the units leased out... 

I am asking the bigger pockets community for any advice on getting this building completely leased up, as well as experience from other peoples perspectives as how COVID has impacted higher-tier rental units.

In my opinion, with the uncertainty of jobs and uncertainty of the economy in general, people aren't exactly shopping around for the high end apartments currently. 

Please feel free to comment/question, anything helps! Thanks bigger pockets team!

Hello Anthony, I am a on-site property manager in Portland, OR... My apartment complex completed construction in February of 2020 (Right before COVID hit), and we are a top tier complex with high end finishes and are sitting at about 70% leased out. I have had to adapt to the pandemic by offering self guided showings which is a little weird, but I thought it would help people be more comfortable with coming in and looking at our units. We have had to drop our prices a bit to make sure we are renting units out, but It has still has been slow regardless. Vacancy is the silent killer after all... If you have any more questions for me or want to chat I would be happy to! Thanks!