Carl Quindel

Milwaukeean, entrepreneur, real estate expert and micro-financier, tech enthusiast, and scientist working in the inner-city @StrongBlocks

[Carl Quindel @CarlQuindel]

@jdjmke @1draperyguy “Early childcare educator” (ECE) homes being built by Via CDC, Rooted & Rising and several others through a partnership with the Community Development Alliance and lots of different subsidies to get the homes price artificially low at $105k

[Carl Quindel @CarlQuindel]

@mwmoedinger Love your content…very helpful… looking forward to listening to podcast…I work HARD to translate your feedback from your world to ours…we can care deeply about our program, but having a “strong product” regardless of the market is critical. Thank you, and please keep going.

[Carl Quindel @CarlQuindel]

@jdjmke @1draperyguy There’s a 3 bed, 1 bath single family with parking slab product being built nearby. Maybe 50 of them and they are around 1100 sq feet pretty basic, small but roughed in plumbing and egress window in basement for future 2nd bath and 2 bedrooms…$200-$240k hard cost, heavy subsidy

[Carl Quindel @CarlQuindel]

@GrulkeLamonte Costs about $210k in Milwaukee hard costs (not including soft costs or GC markups) including a full basement with an egress window and roughed in plumbing in basement for future 3rd bathroom and 2 bedrooms…no garage, but this includes 2-car parking slab

[Carl Quindel @CarlQuindel]

@ThinkAppraiser Depends, but for us here the range for replacement is $550-1000/ft if we do most of work. Typically you get an engineer to provide specs first but if replacing you could just follow the code for new foundations, pull permit. Engineer maybe find cheaper method with calcs

[Carl Quindel @CarlQuindel]

@loganjrankin @TimVitaleX Do you do anything to encourage surveys get completed by your residents? Or just some complete others don’t? Surveys seem to produce only 5s or 1s but a lot of non responses.

[Carl Quindel @CarlQuindel]

@loganjrankin How do you measure the 0.72% delinquency? Is it 30+ days late balance ? Or is it $1 that is 1 day late counts?

[Carl Quindel @CarlQuindel]

@GrulkeLamonte Doing a conversion from 4 family to 2 family and code switch from commercial to residential triggered firewall and 10 fire resistant windows - 60 minute rated. Quote was $38814 for the 10 windows (without labor). How could you make affordable housing possible in this scenario?

[Carl Quindel @CarlQuindel]

@contractorkeith You should not, in most cases, take a long term “maintenance free” solid looking product and apply a “short life” product (i.e caulk/tar “repair” a 25-30 year roof, painting a ~50 year brick to make it last 1-7 years, etc) IMHO

[Carl Quindel @CarlQuindel]

@DavidVanMtl @shawngorham But if scattered site homes are highly concentrated geography and/or in very affluent neighborhood could see reasonable to discount below 10% since it’s not really the same level of work/changes the costs quite a bit

[Carl Quindel @CarlQuindel]

@DavidVanMtl @shawngorham If GP is self performing or in-house property management yes they would. It’s standard 10% scattered site single family and really can be too low depending on the areas and burden of management without having all the fees to make it work (leasing and in house maintenance,etc)

[Carl Quindel @CarlQuindel]

@ReFlippingCoach @shawngorham But if you sub out maintenance how can property management be that profitable? Feel like you need both the management/leasing fees and the maintenance fees to make it a “ok business”. Margins are thin and even if you mark up subs would think it’s not much revenue

[Carl Quindel @CarlQuindel]

@DavidVanMtl @shawngorham It very dependent on the type of real estate. Single family scattered site in tough neighborhoods definitely 10% plus fees for leasing, other…multi family or communities more in line with pricing you are referencing around here at least

[Carl Quindel @CarlQuindel]

@jasonfried Once you have your profits distributed each year, personally, do you spend it all or save some for a “rainy day” or make “additional investments”?

[Carl Quindel @CarlQuindel]

@shawngorham Yes. some selling to larger national investors. Some selling one by one on MLS. But most likely many still don’t want to sell since it’s “hard” to do when you have deferred maintenance and don’t want people to bother your residents.kids are being told “do anything but landlord”

[Jeramey Jannene @compujeramey]

Learn how @CarlQuindel's new venture @strongblocks is helping stabilize neighborhoods and grow Milwaukee. https://t.co/jn6wihtJzO

[Carl Quindel @CarlQuindel]

Milwaukee School of Engineering students named Formula Hybrid Race champions https://t.co/WwsnHmHbei via @journalsentinel

[Steve Baas @MMACBaas]

Celebrating @Ward4MKE with @TheFirm_LLC , @bobbykraft , @GetSosh and @CarlQuindel at @SanGiorgioMKE #MKEfuture

[Strong Blocks @strongblocks]

We're hiring a Business Manager. We're ready to grow, and need your help! Please spread the word: https://t.co/cdmMrmnRTl

[Carl Quindel @CarlQuindel]

Having a blast at #mkeTable2016 @ACTSHousing great to see everyone and Congrats on all the success! 2000 families in homes!!