jon

Founder, (AI bookkeeping, 100+ RE clients) / Buying 1 firm per quarter / 8 rental doors / Host, Scaling Made Simple 🎙️

[jon @jonjfarb]

Going to start filming some NYC podcast episodes for our pod - Scaling Made Simple.

Who are the people you recommend in NYC?

[jon @jonjfarb]

@lovedsociety monthly if you can. by the quarter its usually already cost you

[jon @jonjfarb]

Most investors I talk to can't tell me if they made money last month

Not a guess. An actual number

I sold a rental in Raleigh this year. On paper it looked fine. It was making about $50 a month

Usually it's not the property. The bank accounts and cards are set up wrong, so nobody can see what's actually happening

We built a simple P&L template for rentals so you can see it every month

Comment P&L and I'll send it over

[jon @jonjfarb]

@AccountantMurph @jamesonhaslam thats a short guest list

[jon @jonjfarb]

@RandallHouseRE how long are you giving yourself to swap the PM out?

[jon @jonjfarb]

@InvestmentJoy the water bill never lies

[jon @jonjfarb]

@trentjhughes hourly billing is half of it. no reason to be fast when slow pays more

[jon @jonjfarb]

@benschreiber_ and itll be a new rep by then anyway

[jon @jonjfarb]

@lawyer4SMBs where does the earnout land, LOI or later?

[jon @jonjfarb]

@EthanDriskill ha small world. wilmington is a great spot

[jon @jonjfarb]

Best deal I've ever done

Bought it in 2021 for $270k at a 2.75% rate

It does $60-70k a year on Airbnb

Golf simulator. Poker room

Pretty sure the rate is the real amenity lol

[jon @jonjfarb]

@JordanRyan2010 plus the same day turnovers. one late checkout and the whole day is shot

[jon @jonjfarb]

@_grimegame 2 hours late is basically a no show

[jon @jonjfarb]

@janevherman whats pushing it, rent or space?

[jon @jonjfarb]

@lovedsociety agreed. most people open it once in april and call it a year

[jon @jonjfarb]

@RealEstateRahul matters more when nothing new can pencil nearby though

[jon @jonjfarb]

@mattressguy_ tell your friend thats a king

[jon @jonjfarb]

@REMarketingTips yes. way cheaper than finding out during the renegotiation

[jon @jonjfarb]

@SoBendito the park is doing a lot of the heavy lifting on that premium

[jon @jonjfarb]

@ConnorAbene the cash flow statement usually does it

[jon @jonjfarb]

@g_leichtfuss why'd you pass on them?

[jon @jonjfarb]

@salmandesignn only if i can carry it easy. appreciation is the bonus, not the plan

[jon @jonjfarb]

@EthanDriskill lol you from there?