@whaleychris@moseskagan I’ve been uploading a GL weekly (along w/ annual operating budget) and Claude gives weekly budget variance red flags
No longer need to wait 15 days after month end to review monthly financials - lots of insights available in near real time
@moseskagan Closely tracking cash inflows and outflows on a daily/weekly basis for me was the best learning tool for operations.
Unfortunately, you usually find yourself in this position at least to start when an asset is troubled and has major cash issues.
@DrJesseMorse did you see the Wake Forest QB’s injury from Saturday? Any idea the lingering effects?
Injuries seems to occur at 1:25 of the video below. He came back in later wearing a brace.
https://t.co/FBcDt6hDFk
@TheRealEstateG6 When starting out (assuming you have relevant enough experience from job working at a multi operator), did you also charge a property management fee as well?
What have you found to be standard there for 20-50 unit type of deals?
@moseskagan What’s an acceptable days on market or number of tours per unit you would need to see without the unit leasing before you lower that unit’s price? (Or what metric do you use instead)
Does this strategy change if you are angling for an exit/refi?
@TripleNetInvest@housleyd Have you primarily focused on value add / development? If you were buying a stabilized NNN deal, what are the top 2-3 things you look for?
@TripleNetInvest NNN corporate property is available in my market. 12 years left on lease with 15 years of options in total.
Lease rate is already below market, and there is a lot of potential growth in this neighborhood.
Would you buy this an be extremely patient? Asking 6-cap on in place.
@TheRealEstateG6 Understood, for either scenario are you using a $/unit estimate initially?
Which I’m guessing you get ballpark numbers from talking with local GC’s and (preferably) doing your own projects in that market?