All Forum Posts by: Ryan Stark

Hi All,

I was just wondering if anyone had any recommendations for a property management company in the Monmouth county area? I just started searching on google for shops, but for the most part they seem to be focused on large communities, apartment buildings, etc. Any help would be appreciative.

Hi Jess,

I grew up in that area and manage two properties for my family in Middletown and would recommend staying away from that area unless you could pick up a house that's already been raised. Locals tend to call the section of highway 36 closer to the water the wet side and the those areas will almost certainly need flood insurance. I'm not saying you couldn't find a deal and make money off of it, but I would be extremely nervous during every major storm unless the building was already setup to handle flood waters.

Welcome to the area sir! My family has a few properties in the area and it's been good to us. Best of luck!

Hi Everyone,

Does anyone have any references for property management firms in Monmouth County? I'm just starting to do research on what to look for in a property management firm, but I figured it couldn't hurt to see if there was a clear winner in the area.

-Ryan

Good morning everyone,

I'm new to bigger pockets but not entirely new to real estate investing although in the past year or so I've become a lot more interested and serious about it. I'm a 34 year old financial analyst from a very large corporation so i'm incredibility comfortable with numbers, analysis, and 95% of general accounting (I still use a CPA for my own real estate properties, but that's mostly to have an expert who's up to date on all the laws go over my numbers). So far I've complete a medium level rehab on a dilapidated property (Middletown) that's been in my family since the 1950s/1960s  which is currently a rental property I manage for my mother, done a moderate amount of repairs on her house (Middletown), and purchased my own fixer upper (4 unit house-hack in Caldwell) where I've done a full rehab on one unit and medium to light work on the other units. I've done most of the work on all the properties myself, but am now trying to move away from that since my job has become much more demanding and my time much more limited.

I'm looking forward to contributing to the forums where I can, although I'll be the first to admit that the way I've done things in the past probably haven't been the most efficient way to go about investing.

I'm originally from Middletown and my family currently has two properties there that I manage, so I'd be interested in this as well (even though I live in North Jersey).

@Chris Anderson Hi Chris,

Is the $500 per door your target number for single family homes or for multifamily properties? Would you mind sharing what type of down payment your putting down for these properties?

Thanks in advance,

-Ryan

Thanks for the quick reply Alina, but I was more wondering what type of FCF number people were looking for in the market while trying to calculate out a deal. If a higher than 10-12% ROI is required for a property to be a good investment, what type of FCF number is appropriate given that the properties in NJ are more expensive to acquire than in other parts of the country.

Hey Everyone,

I hate to resurrect an older thread, but what kind of cash flow numbers are you folks looking for per door? I know Brandon advocates for $200 for a single family and $100 for a multifamily, but I'm pretty sure his properties are no where near as expensive as those in our area.

-Ryan