Quadir Russell

25 y/o SMB buyer/Startup Founder/Tech Employee still trying to figure it out

[Quadir Russell @quadir606]

Growth and comfort do not coexist

[Quadir Russell @quadir606]

@sweatystartup @BasedSupps

[NYPD Midtown North @NYPDMTN]

🚨Our Conditions Team had a strong week of enforcement.

In just the past four days, they arrested:

• A suspect involved in an unprovoked assault on a senior.
• Two burglary suspects in separate incidents
• Two individuals wanted in connection with a robbery

Great work 💪🏼💪🏼

[Quadir Russell @quadir606]

@realEstateTrent Assuming that’s the return on the total investment with no consideration of how you financed the deal?

[Quadir Russell @quadir606]

@realEstateTrent Even when you have a pg?

[Quadir Russell @quadir606]

@StudentRentPro Too late to renew?

[Quadir Russell @quadir606]

@wootini @realEstateTrent This was my exact point, access to information is much greater than it was back in the day, realtors aren’t doing any special math when determining a listing price

[Quadir Russell @quadir606]

@LTG_Veers @realEstateTrent But comparables are at our fingertips with Zillow now, and a lawyer at 400 an hour I would imagine is cheaper than a 5% fee on 500,000 ?

[Quadir Russell @quadir606]

@realEstateTrent Yeah because it doesn’t cost them anything

[Quadir Russell @quadir606]

@realEstateTrent If you were 24 and just starting your real estate career, would you focus more on development or what you’re currently doing?

[Quadir Russell @quadir606]

@realEstateTrent Yours

[Quadir Russell @quadir606]

@realEstateTrent I disagree, I think it had everything to do with scaling too fast and less to do with the actual business model itself, they were very successful in their early stages

[Quadir Russell @quadir606]

@realEstateTrent @cbtf_org Let me know what day and I’ll find my way into the office for once so I can get it

[Quadir Russell @quadir606]

@realEstateTrent I’d definitely take one!

[Quadir Russell @quadir606]

@cowseatgrass007 @StudentRentPro Second this

[Quadir Russell @quadir606]

@Pinny @GCiams Do you have an example of a time you’ve seen prices drop in a student rental market? The 2 markets Im in have seen no decline even with rates increasing

[Quadir Russell @quadir606]

@CollinRealEst8 @GCiams You’re missing the point here, he’s saying he’s not overpaying, the comps are just for single family homes not student rentals which get way over market rent

[Quadir Russell @quadir606]

@GCiams The Westin is right in the city and as nice as they come

[Quadir Russell @quadir606]

@StephenJurgella @realEstateTrent I would imagine he’s saying that if you bought the property for more than it’s worth just because you have a trusted tenant like Whole Foods who is likely to pay above market rent then you leave yourself exposed to unnecessary policy/legislation risk killing your property value

[Quadir Russell @quadir606]

I also do student rentals fully furnished but not for short term rentals. In my market furnished bedrooms go for 150-200 more a month and the cost of the furniture is recouped over ~3 months. If @StudentRentPro heard about furnished students rentals he may have a heart attack🤣