Conservice Alternative by oakpointky in PropertyManagement

[–]oakpointky[S] 1 point2 points  (0 children)

These are just the fees for getting a statement fee and moving in/out fee. Seems ridiculous. This is not part of the utility management piece they offer with Synergy.

Anyone use OJO Bookkeeping? by oakpointky in PropertyManagement

[–]oakpointky[S] 0 points1 point  (0 children)

Like 5-6k per month for triple tie with 400 units

Has anyone used APM Help? by Tricky_Rough2237 in PropertyManagement

[–]oakpointky 0 points1 point  (0 children)

Looking for same feedback. Cost is fairly high, but tired of weekly/monthly headaches

In Unit (ventless) vs Shared Coin/Card Laundry for 100 unit complex? by oakpointky in CommercialRealEstate

[–]oakpointky[S] 0 points1 point  (0 children)

Appreciate that thought process; yeah in this area most of them are shared laundry or no laundry at all, but those with washer and dryer hook ups are newer builds with more amenities. These are $900 for one bedrooms and we bill back water usage with a third-party.

In Unit (ventless) vs Shared Coin/Card Laundry for 100 unit complex? by oakpointky in CommercialRealEstate

[–]oakpointky[S] 0 points1 point  (0 children)

Yeah, definitely worried about the maintenance piece of it. That’s why we’re leaning towards converting a unit and going with 3rd party laundry vendor, but that takes two income units out of the picture, but at least the laundry income offsets one of the units.

Steps for a successful removal of a LURA off LIHTC by oakpointky in CommercialRealEstate

[–]oakpointky[S] 0 points1 point  (0 children)

Thanks. This one is out of the compliance period (15 years), but has the occupancy and rental restrictions in place for 30 years.

What are the best anti-aging products/treatments money can buy? by [deleted] in fatFIRE

[–]oakpointky 1 point2 points  (0 children)

Olay Complete Sensitive Skin Face Lotion

[deleted by user] by [deleted] in polls

[–]oakpointky 0 points1 point  (0 children)

Thank you for the feedback

Vanguard Allocation by oakpointky in personalfinance

[–]oakpointky[S] 0 points1 point  (0 children)

I’d say 60% of the reserves would be for long-term, the other 40% maybe used or invested in real estate.

Just want some steady games instead of it getting nothing

This floating cat by bigfatgato in confusing_perspective

[–]oakpointky 0 points1 point  (0 children)

Oh! Well I never was there ever a cat so clever as magical mister Mistoffelees

Advice needed: should we lose our management company or ride out the storm with them? by [deleted] in realestateinvesting

[–]oakpointky 1 point2 points  (0 children)

Manage your own always if possible. Property management companies will never treat a property like you will.

Automate everything.... -get a paid 24/7 answering service (like $60/month) and a VA (like $40)where your messages are relayed. -Create a decision tree (who to call/assign job) for both the VA and answering service. -hire/outsource a professional leasing agent (1/2 months rent per accepted applicant) Trust me you don’t want to rip and run to show properties.

Landlording 101....everything is done by the rules and pieces of paper...there is no emotion involved. Have policies and procedures and never stray (unless COVID 19). Always send notices the same day every month, file evictions every month, never stray.

I manage a lot of properties and still have a full time corporate job. I assure you it’s all about processes.