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Non-Tech : Investing in Real Estate - Creative Opportunities -- Ignore unavailable to you. Want to Upgrade?

To: Road Walker who wrote (1947)	9/26/2013 2:18:24 PM
From: Jurgis Bekepuris	Read Replies (1) \| Respond to of 2722

The business doesn't lend itself to mass volume. Too many grey area details spread over too much geography, no two situations alike, no two tenants alike. It just doesn't scale. It could work. Just maintain an office in every city with couple incentivized guys, who take care of everything locally - getting contractors/etc. Don't spread out too much, so you don't need 100 offices. Clearly, there's more overhead than dealing with apartment building(s), but if the price is right, the overhead might work out. I agree that there are tons of ways to do it wrong though. :) Off topic: This is a guy that I usually pay him about 30% more than he invoices as I think he's worth it and doesn't charge enough. Now I know why I can't find good handyman/etc. people. I don't pay them 30% extra... :( Trying to find someone to do my gutter cleaning - light repairs. All places around have horrendous reviews on Yelp. And the recommended guys don't return my calls or tell me they are booked. :(

To: Road Walker who wrote (1947)	9/28/2013 6:04:23 PM
From: John Vosilla	Read Replies (1) \| Respond to of 2722

I just feel like the whole hedge fund residential thing is a house if cards. The business doesn't lend itself to mass volume. Too many grey area details spread over too much geography, no two situations alike, no two tenants alike. It just doesn't scale. Is very much a people and relationship business. I hear horror stories of dealings between these hedge funds reps and contractors. Mistrust on both sides. They end up firing a lot of crews they also bring in property manages and have a corporate setup to deal with tenants. I've got my niche works quite well got great crews with mutual trust and understanding and go the extra yard to make the remodel really feel like a home. We all have each others back no matter what and have been working together for a number of years. Also I deal directly with all tenants so I limit turnover and give great personalized customer service. One of the hedge funds I know of buys lots of junkers low end in Hillsborough and Polk. They have like one third of the hundred or so homes purchased the past year sitting dark haven't started even the remodeling process as can't find good crews to work for them. I can only imagine what their tenant turnover is going to be..