top of page
  • Steven Fletcher

The Small Things

Some of the tinier nuances in real estate that you can only pick up by doing more deals and taking more reps:


-Best methods for sourcing opportunities (the big one)


-What roads/corridors/pockets to avoid (even if they’re in the right zip code)


-How to approach Historic & Neighborhood Associations


-How to maximize the inspection period


-How to find un-permitted work


-Handling encroachments


-How the permit office wants your applications to look (and read)


-How to (properly) execute utility transfers (we learned the hard way early on and our gas was cut off)


-Best practices for shopping insurance


-Handling vagrants around a property (so they don’t come back)


-Price per sq.ft metrics/general pricing for each portion of the renovation


-How to dig out more value during the renovation process (additional bedrooms, new lay-outs, large windows, outdoor spaces)


-The best materials to use


-How to address knob and tube wiring, cast iron plumbing, termites, and other unknowns


-Who to call if the property doesn’t have a public sewer tap


-Best ways to market to and source great tenants (use great leasing agents)


-Process of vetting service providers and who to avoid


-Which people to use for repairs vs. renovations


-What preventative maintenance is needed and how often


-How to expedite unit turnovers


-Best reporting methods

Recent Posts

See All

Crossing T's and Dotting I's

One of the first things we do at the end of each month is review our account statements for each entity we operate. We have a good idea of what’s coming in and out but double checking these details al

Certainty Comes From the Actions We Take

One of the most important skills we’ve developed: The ability to move fast while still accounting for the details. After underwriting hundreds of properties, we typically know whether we have a deal o

Breaking Down Cash on Cash Returns

One crucial metric in multifamily real estate is the Cash on Cash (CoC) return. This metric helps investors evaluate the annual return they are earning on the cash they invested in a property. Let's b

Comments


bottom of page