Kestrel

Kestrel helps real estate owners take command of their portfolios Book a demo here!

[Cash East @CashionEast]

@KestrelRMS is not meant to replace CPAs. It's meant to help you and your CPA focus on strategy, not data cleaning.

It’s built to give RE Investors better insight, understanding, and control of their real estate bookkeeping and taxes.

We use AI to extract data from documents, to clean and organize data, and to help surface insights.

It works because it's a well designed data system. And it works great without any AI (just a little slower to get your data in)

Everything is presented to and approved by a human.

We don’t file your taxes, we give you the tools to understand them before you file.

[Kestrel @KestrelRMS]

Come check us out!

[Cash East @CashionEast]

We're rolling out the first public release of @kestrelRMS next week. This is the first time the tool will be available beyond just our existing partners.

We're the first fully automated bookkeeping platform for Real Estate owners.

Connect your bank account, upload your loans, leases, and property data (easy doc scraping, minimal data entry), and everything else is done for you.

You don't have to struggle with bookkeeping. Tax time won't be a black box. Anything you want to know about your portfolio, you just ask the agent.

I've cut out $25,000 annually in bookkeeping costs, and traded it for better visibility, better control, and better profitability.

Too many features to list here. It's an all-in-one command center for real estate investors.

Grab a time for a demo from the link above. We're offering deep discounts and extra perks to our first external customers.

[Kestrel @KestrelRMS]

Very excited to roll this out- book a demo today!

[Cash East @CashionEast]

I've been using earlier versions of @KestrelRMS for years to run my own RE deals.

I decided about a year ago to release it as an tool for other real estate investors.

We're on the verge of our first official release, and it feels surreal.

The first version is the base tool- well organized data, stable bank connections, and some limited AI for document scraping.

Our table stakes for the first release- we want a well designed, functional tool that solves real problems.

Our next releases will include our AI agent overlays, introducing a whole new way to interact with your data.

But the AI system relies on well structured data, and smart and efficient data flows. That's a requirement for a good AI system, and that's what we focused on here.

I can't wait to share this with the world.

[Cash East @CashionEast]

I've got a mixed use building in Oxford, ME that I just got up to 90% vacancy. It's got in place management and lots of upside for getting rents up.

It will need some updates, mostly HVAC, over the next few years, and I'm ready to sell with plenty of upside.

Let me know if anyone is interested.

[Kestrel @KestrelRMS]

Couldn't agree more!

[Brandon Turner @BeardyBrandon]

I bought a 24-unit apartment complex in Ohio. All 24 units full.

Within 6 months? 18 units occupied. Property manager ghosting me. Contractors never showing. Losing money out of 20 different places.

Two years of stress. Sold for basically what I paid.

Taught me a bit lesson: it doesn't matter how good the deal is ... if you don't learn how to manage the manager right.

[Cash East @CashionEast]

@NoRiskNoParty Gifts 100% work to make people feel good.

I like to give people $100 gift cards to restaurants that have leases in buildings that I own.

[Cash East @CashionEast]

The @KestrelRMS team has been interviewing individual Real Estate investors for months. Almost every one of them has said some variety of:

- "I think my accountant hates me" -> Tax season is messy and stressful

- "I'm sure I'm leaving money on the table" -> my system isn't broken, but it's leaky

- "I swear every year I'm going to find a better approach" -> I know I could improve but it's not easy

These are common threads across the board. Commercial and residential investors. Those with managers and those that self manage. From 2 to 20+ properties.

@KestrelRMS is working to close these gaps. Our goal is to give investors complete visibility into their investment finances.

[Kestrel @KestrelRMS]

@SimpleCRE Definitely see this happening, and even when the property is local to the investor.

The details matter in NNN investing. And those longer leases mean you're locked in for years.

You must be able to surface and manage these issues.

[Cash East @CashionEast]

This happens far too often. And it's not always outright theft- billing mistakes, lagging maintenance issues, missed lease provisions, all of which are very common issues with property managers.

One of the features of @KestrelRMS is a built in property management audit function. It automatically reviews monthly reports, keeps a ledger of issues, reviews payments against your bank accounts, and helps you spot where you're losing money.

It's one of my favorite features of the tool.

[Cash East @CashionEast]

I learned a hard lesson when I sold my first investment property for a profit. It wasn't a lot of money, but it was to me.

I paid off some debt, bought my wife something nice, and put the rest in my checking account. Felt like I'd made it.

6 months later, the tax bill came due. I had to borrow money to pay it.

Making money is only the first hurdle. Keeping it is a whole different game.

[Cash East @CashionEast]

Hey @Plaid I'm unable to log in to my production dashboard for my existing API keys, and there's no way to file a support ticket or contact you if I can't log in.

Need help and I'd appreciate a way to contact you.

[Cash East @CashionEast]

The Beige Book is one of my favorite "data" releases to dig through. It is not hard data and doesn't have numbers, charts, or tables.

It's the Fed interviewing business/individuals across each district for anecdotal assessments of their own economic conditions.

Translation: It's just people talking about how their business is doing, what they're concerned about, and how they're feeling about the current market.

It comes out 8 times a year and in my opinion is a gold mine of information.

Take a look and see what you think.

[Kestrel @KestrelRMS]

Check us out! We'd love to show you how we can help your take charge of your real estate portfolio.

[Cash East @CashionEast]

It's that time of year again where I usually starting swearing I'm going to be more organized for taxes and bookkeeping next year.

But this year is different.

I've been building @KestrelRMS, and I'm the ideal customer.

I build a new feature, and I immediately use it.

Autoclassification of transactions. Loan payment P&I breakdowns. Income Statements. Balances Sheets. Trial Balances.

My goal is to make this all seamless for me to close out my year end for my real estate portfolio.

And to make sure I've got a 360 degree view of what's happening.

No more hidden maintenance issues. No more missed payments or double charges. No more bank account reconciliation.

My accountant is happy. My bankers are happy. My tenants are happy.

My money is safe and growing.

I'm taking charge of my portfolio by setting up the right systems, and understanding where I should be spending my time in the process.

[Cash East @CashionEast]

16 and 17 on this list are very telling- lots of housing stock is simply locked in with low rate mortgages- or no mortgage at all.

Combine that with high current interest rates, and high current prices, it’s a self-perpetuating trend.

[Cash East @CashionEast]

I'm 15 years in with real estate investing and I still feel lost a lot.

I'm not a broker. Not a CCIM. No commissions, and no team.

I know my local market, and I have my network, but I'm by no means an expert.

Here are the 3 rules I use to evaluate deals:

->The 30-second test — If you can't explain the deal clearly in half a minute, it's too murky. Walk away.

->Get specific on risk — Look beyond pro-formas. Single tenant = you're either 0% or 100% occupied. New roof = $20K hit all at once. Price the actual downside.

->Know where every fee goes — Good deal-makers earn their cut. But you must understand who gets paid, when, and why.

The jargon is intimidating. Mistakes are expensive. Everyone has opinions.

Focus on the basics.

[Cash East @CashionEast]

CPI for Dec. Pretty flat except for Air Travel and Hotels.

Wish I was smart enough to figure out what that means.

[Kestrel @KestrelRMS]

@ChrisRamsey60 Very very true. Not only will it help you not get taken advantage of, it will change the way you look at and think about buildings. It’s a whole new level of understanding.

[Kestrel @KestrelRMS]

RT @CashionEast: I was 28 when I bought my first rent house. Spent pretty much every penny I had to get it closed, and I ran that first ren…

[Jason Richards @SimpleCRE]

In this building was a small space fronting the entrance, lobby and a stairwell - effectively only good for a storage closet. Landlord cut in a window and leased it to a local doughnut shop as a satellite location. They crush it.

Creativity wins every time.

[Cash East @CashionEast]

It's not just the cost of property insurance that has gone crazy- I recently had to delay a closing because the first 3 carriers we tried declined to even quote it.

Granted the building was built in the 70s but it was still shocking.