All Forum Posts by: Will Fraser

@Stefan Schnell absolutely.  DM me your email and I'll send you thems contact.

What do you like about pre-foreclosures, John?

Hi @Dalton N Green,

I don't have any clue about Deal Automator in specific, and I hope it is an exception to the rule in this space.

Every company I'm aware of that has popped up over the years claiming to "make deals happen automatically" and "make investing easy" are pure crockery.

These shiny object companies play on the pain-points that all investors feel in the process of trying to find and analyze deals, vet partners and vendors, and scale.

In reality each of these companies has some useful function to it, but beware of the claim of any company to make a deal and automatic thing.

Good luck out there!

 Is a "happy clause" something that is literally in your leases or something you introduce on an as-needed basis?

Cade, I'll second what Nate and Phillip say above, and note that I'm a Buildium user.

First I would advise you to begin with the end in mind.  Where are you going with all of this?  Are you going to build a business around it or is this just a side-hustle wherein you'll manage a handful of properties alongside what you purchase?

Second, whatever software you use, master it.  Each of the 3-4 major players in the Property Management Software space can do everything needed in your business (and each will have particular strengths and weaknesses), but if you use it incorrectly you'll not love the results.

Go get it, dude!

I have personally installed MSI LVP before for the same reason and after doing a lot of floors I can say:  it's surprisingly easy to work with.  I'd say it outperforms its price by a good 20% or so and if your contractor likes working with it and you like the quality, then I wouldn't balk at it.

I'd be happy to!

Are these for your personal investments, a client of yours, or are you part of a big buying org?

Well said, Nathan!

This is one of the ironies of great management -- it seems like it would be great for the tenant to be liable for everything, but a certain percentage of the time small problems become big ones that negates the benefit across the whole portfolio :( 

Great thoughts from Nathan and Bjorn here!

I'll add that you can implement some tools like a Resident Benefit Package that contains credit reporting to all three bureaus OR if you use one of the solid property management software solutions out there Experian's RentBureau may be able to automatically read payment data from your PMS.  The downside to this being that it only reports to Experian and not the others, but the upside is that it is $free.99

Hey Paul!

What kind of skills do you have in the labor space?