All Forum Posts by: Tyler Rasmussen

To start off Tyler will give everyone an update of where we're at with one of our more complex deals. It's a severly mis-managed 48 unit complex. He'll talk through some of the ways he's tried to approach this deal, the negotiations, the underwriting and where it's currently at.

After that, we'll just open up for a Q&A and to talk about people's goals and see how other people in the group can help!

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Tyler Rasmussen is inviting you to a scheduled Zoom meeting.

Join Zoom Meeting
https://zoom.us/j/97821015384?pwd=SFFWRUo4Qm9lMWwxT29FR3AvSGpJZz09

ID: 978 2101 5384
Passcode: 438624

In Iowa, the property management company needs to be a brokerage. All your PM agreements will be with the brokerage, and you'll need to have a state audit-able trust account for all the rents to go into. When I started my company, I tried having a separate LLC that wasn't a brokerage (even though I was licensed) and got fined.

We have just expanded our Property Management company into Davenport, and we've got a team there. @corygamble

Please join Adam and Tyler for our monthly real estate meetup! We are the owners of EPM Iowa Property Management and manage over 800 units. We've also built up our ownership portfolio of over 200 doors in the last 12 years, with over 100 of those being in 2020. Our goal is to create financial success for individuals through Real Estate.  

This month, we will be talking about how we executed our first Real Estate Syndication. 

**Please send me a private message with your email included if you would like to be added to the Zoom invite**

Local Cities: Cedar Rapids, Marion, Hiawatha, Waterloo, Cedar Falls, Dubuque

Adam Hunemuller is a licensed Real Estate Agent in the State of Iowa

Tyler Rasmussen is a licensed Real Estate Broker in the State of Iowa

We are going to start up the Cedar Valley Real Estate group again! Sorry for the hiatus, but now Adam and Tyler are back to lead this group and help everyone share their experiences and goals!

Meeting will be from 6:30-8:00 on Zoom. Feel free to message me directly and I'll add you to the Google Calendar invite. 

6:30-6:45: Introductions

6:45-7:00: Goals of the groups, tools/information sharing

7:00-7:30: Adam and Tyler just closed on a property with their first Real Estate Syndication. They'll walk you through how that worked and different ways to be creative with multi-family deals. 

7:30-8:00: Open Floor, feel free to ask questions, share deals you may have that you could partner with someone else, etc. 

I've never heard anything good of any home warranty program. For the properties we manage, if the owner wants, we have our plumbers go through the furnace and AC once or twice a year. Seems to be a good form of 'insurance' for us. 

As far as appliances, we just deal with them when issues come up. 

We see the same thing as @AJ Leman, but I always figure fully assessed property taxes in my financial models. 

EPM Iowa covers that area. I'll DM you!

Looking for an Experienced SEC attorney recommendation to set up a 506(b) in Iowa. We will be raising funds from other states other than Iowa as well. Targeting investments in the Multi-Residential space, 8 units and larger. Thank you in advance!

We've been told that as long as you're not evicting due to non-payment, you may have a shot. So you were correct in serving her the 30 day notice, and if she doesn't move out, then you can evict her based on that. But it comes down to the judge unfortunately.