@PatsKam @Samanth18984539 I like my daughter, why wouldn't I give her a house? Aside from the fact she's in high school of course
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Charles
21.8K posts
Charles
@Charlesaf3
I like real estate. Hated being a lawyer. (me leaving law boosted my school to t4, so that's a win/win) Small Resi/SFR
Virginia انضم Eylül 2008
912 يتبع766 المتابعون
@Samanth18984539 Oh I’ve seen the allowance. My best friend’s dad bought her a whole house too.
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biggest age gap i had was 14 years and it felt like nothing 🤷♀️
signüll@signulll
seems like an age gap is absolutely essential these days.
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@robbiehendricks You want to wait a bit before joking about this. A year at least
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Only thing we had for him to puke in was a Starbucks bag.
Which he did.
And it broke.
And it poured all over my wife.
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<six months ago planning beach trip>
me: babe, let’s drive. will be a fun road trip now that the boys are older
wife: you sure…seems like something always happens and we end up miserable
<today>
6 years old: dad I’m gonna puke back here
me: what
him: 🤮 x 10
me:
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@credealjunkie @ADeermount Not kidding genesis of startup my nephew is going to work for in Oakland
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Laugh all you want but auto glass repair is like 30% of Oakland’s economy.
KTVU@KTVU
A decline in car break-ins across Oakland is being welcomed as a public safety win, but it is also contributing to a downturn for some local auto glass repair businesses. ktvu.com/news/auto-glas…
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@BrentEff @WillOremus I'm not sure, either.
On the other hand: when he's using german in his answers, he's using a more slang sryle. Expats (no matter if US or Brits) wouldn't do that.
I just think it's weird how quick every door opened up for him and how he tries to stay anonymous.
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I regret to report that the most wholesome and delightful narrative of this World Cup is roughly as authentic as everything else on social media these days
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@PatCarino Never plugs. Perfect toilet aside from tank lid, which needs a lip.
Belongs in every rental. No service calls!
Bidets are also first class but no way would i put one in a rental
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What is your favorite toilet brand and why is it Toto?
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@PunkyCovfefe Maybe. I bet the floor is floating and thats the percussion issue
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We started setting up the lake home. Brought our two little ones. 🦮🐩
We learned that engineered wood floors under the tap of a dog’s nails are deafening. Do not recommend this combo. One out of 5 ⭐️.
No flooring in history has been this bad.
Maybe when we get it fully furnished it will improve?
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Want to increase the quality of your life?
Car shows, Coffee shop on the corner. Farmers market down the street. Restaurants and bars a couple blocks away.
Properties values climbing rapidly.
I Just bought a house in a walkable city and it really increases quality of life.
Bet on walkable cities.
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Walking in the upper west side and I see a man, in his 50s, laying fresh pavement in the sun, backbreaking work.
Then I think about that 28 year old tribeca girl, making 300k as a vp of product at stripe, a company whose product hasn’t changed at all in many years.
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@SkiTownRE @credealjunkie Yep, if you realize what his real job is, everything he says makes much more sense.
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@credealjunkie The guy’s salary is paid by ~1.5 million Realtors’ dues who just want to hear that everything will be OK so that they don’t let their membership lapse after not selling anything for 2 years. He has executed the job perfectly.
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And you thought your job had low standards:
—
“We are encouraged that home prices, at least for now, have stopped declining.”
— Lawrence Yun, NAR Chief Economist, July 2007
(home prices declined for another 22 months)
“I don’t anticipate any further major sales declines.”
— Lawrence Yun, November 2007
(home prices declined for another 17 months)
“The market is scratching the bottom.”
— Lawrence Yun, February 2008
(the market did not hit bottom for another 14 months)
NAR Research@NAR_Research
Could the median home price one day hit $1 million? NAR Chief Economist Lawrence Yun shares his prediction & breaks down what could drive home prices to that milestone. What's on your mind about the real estate market? Submit your questions by emailing AskTheEconomist@nar.realtor
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@seandsweeney @drgurner Talk to me about what I'm looking at here.
Congrats regardless.
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Let’s go!!
Thank you for all the support. Huge day for the newsletter yesterday.
(S/o to @drgurner who is setting the pace!)
Sean Sweeney@seandsweeney
Garfield Apartments. 12 units. Completed in 2020. If I was starting out as a new multifamily developer today, this is exactly the type of project I would start with.
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@moseskagan There is a lot of room for good PMs to grow in most cities - below the big stuff theirs a huge hole. Granted, it's there for a reason, it's a painful business
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Has been so fun to watch my friend build a PM business from scratch in Bend, OR, a city to which he moved maybe 3-4 yrs ago (from LA).
Pure hustle.
Jonathan Barr@Jb2Investments
Just signed my 10th full management client in my PM business. Done some leasing only for a couple of others as well. I am starting to really get busy and ramp up. This is so fun. Took a year for me to really start to get some traction, but the diligence is starting to pay off, and it's awesome.
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@moseskagan In hindsight, you have to feel pretty good about it, though.
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We raised our largest ever fund in ~'21, then gave it back a year later, bc none of the deals we saw during that year came close to hitting the target unlevered yield on cost I had informally promised investors during the fund-raising.
Cost my partner and me whatever we paid in legals expenses (and time) to raise the money, ~$3MM in fees, plus whatever we would have earned in promote.
100% worth it to keep our integrity.
Jason Lee@jasonjosephlee
I don't think we will ever raise a fund or invest in a fund. It just doesn't make sense to me. I know some real estate firms who have raised a massive amount of capital who are feeling pressured to place it by the end of the year. My friend told me they are lowering their expectations and looking at mediocre deals so they can place the money and justify making their fee income. The deal comes first, not second. If you have a great deal, the money will come. There's always a way to capitalize a great opportunity. If you are working on a great multifamily opportunity, my line is always open.
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@James_West_PhD yeah I really think this is a structural issue, more than a political issue, these days, and there would be bipartisan support for a good plan. Which is a huge caveat I grant
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@Charlesaf3 I am 100% sure you're right.
It's nearly impossible to get insurance for the employees of a small business - I've had that problem in TN, and I've heard it's a major problem elsewhere.
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@KaoticLeftist @Zprtr1 Because primaries like this are a debate within the far left and general elections are a debate within the normal electorate. Applies to Republicans too, primaries are really messed up in the US and should be redone
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@Zprtr1 If he’s such a good candidate then why did he lose the primary.
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ME-02 could’ve been become a Tossup race in Nov with Joe Baldacci (D)
With Matthew Dunlap (D), the race is easily Lean R
Politics & Poll Tracker 📡@PollTracker2024
Matthew Dunlap wins Democratic nomination for Maine's 2nd congressional district.
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@eatbees @ElliscbIV @AntiToxicPeople primaries in both parties are really skewed, and have nothing to do with general electability these days.
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@ElliscbIV @AntiToxicPeople How electable was he though if he couldn't even win the primary
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Dunlap, one of three progressive options in the race, defeated DCCC-backed Baldacci, who was widely viewed as the most electable candidate.
Democrats now face a steeper hill to hold this Trump +9 seat.
VoteHub@VoteHub
VoteHub projects Matthew Dunlap to win the Democratic primary for Maine U.S. House District 2.
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@GuyHat01 @ElliscbIV it does actually. But progressives can't do math
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@moseskagan So you're telling me you only get to see the most horrible things in every meeting? You must have PTSD by now
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@Charlesaf3 Those get handled without my attention, unless they rise to the level where they cause flooding and potentially mold, in which case they are "remediations" and go into "complex maintenance issues"
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Just finished my weekly meeting with our Director of Property Management and you all might appreciate seeing the list of issues we track together on a weekly basis.
For each of these categories, people who work on in PM and/or Accounting complete their sections, then our Director reviews and presents to me at our meeting (which usually runs ~2 hrs).
- HR and Office Operations
- New Initiatives (procedures / tech)
- New properties in Onboarding
- New properties in Discussions
- Fire compliance
- Annual unit inspection program
- Problem pets
- Special situations (like tenants losing their minds, responses to break-ins, etc.)
- Evictions
- Complex maintenance issues / projects
- EV Charger install projects
- High water usage buildings / fixes
- Systematic Code Enforcement Program inspections & follow up
- City violations & follow up
- Lender inspections & follow up
- Insurance inspections & follow up
- Section 8 inspections & follow up
- Units on leasing hold & follow up
- Online reviews tracking
- Open work order tracking
-Delinquencies tracking
- Collections tracking
Putting in place this system ~3 yrs ago was probably the single best thing we've ever done, from an operations perspective.
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@James_West_PhD Oh god, I'm not sure I have a clue. Maybe a mandatory insurance system like a bunch of Europe has?
I really think the current system hurts entrepreneurialism though.
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@Charlesaf3 Devil's in the details! I'm wondering how you'd even START with decoupling health insurance from employment (and I agree that it would solve several structural issues to do so).
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@Caffeindated @moseskagan I'll need to go back again. I actually drink a lot of wine but I mainly order it from California
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If their kids aren't in the business, *so* important for self-managers to identify, vet and hire a property good, honest manager *while they're still young and energetic enough to oversee the transition* (and pull the portfolio back, if it doesn't work out).
Otherwise, when they get too old to manage themselves, this is the result.
(Recognize this is a self-interested post, but it happens to be good advice.)
Andrew Jeffery@credealjunkie
Heard a story that’s more common than anyone can imagine in SF multifamily: Family accumulates a portfolio of apartment buildings over 50 years. Handed down to adult children to manage. They can’t handle it, total disaster. Half the units left vacant. Portfolio liquidated.
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