@jenn_mcallister
Day job is leasing operations, which means I spend all week on other people's buildings and then come home and think about my own. Right now that is a 40 space parking lot near a courthouse in central Ohio and a duplex I keep saying I will house hack next spring. Slow to pull the trigger. Working on it.
The facts
Posts
Does anyone actually come out ahead on an OZ deal when the real estate itself is mediocre
Sitting here with a tract in front of me, central Ohio, zone-designated, and the numbers on the building are just okay. Not bad, not compelling, just okay. The tax math looks good …
Thread · 11 points
Does a listing agent owe you anything if the property sits for ninety days and you never hear why
I have the parking lot under a non-exclusive arrangement right now and I am trying to figure out what I am actually entitled to ask for before I sign something more binding. The lo…
Thread · 15 points
Did anyone else get the Ashcroft capital call letter and just sit with it for a week
I am not in Ashcroft specifically but I have watched this from the outside because I had a colleague who put $100k in one of their Texas multifamily deals around 2021 and she forwa…
Thread · 18 points
The whole thing does three things: flags which monthly tenants are current, logs any complaints from the courthouse neighbors, and reminds me to check meter revenue against the pri…
Thread · 16 points
My Airbnb payout hit the day before my owner's mortgage was due and I had already spent it
Okay so I know the obvious fix is to invoice the owner and keep the accounts separate, and I was doing that until I took on a unit in Breckenridge last October where the owner spec…
Thread · 15 points
When a monthly contract tenant finally renewed at a number I actually asked for
Had 14 monthly parkers on a 40-space surface lot near a county courthouse in central Ohio. Eleven of them had been on the same rate since I took over the lot in late 2022, $85 a mo…
Thread · 15 points
Lost a 1.8M contract this week because I waited too long to tell my buyer the real condition
Found the property in March, a 6-bedroom in the hills outside Asheville, seller wanted 1.55 and I got it under at 1.62 with a 30k deposit I had help funding. Buyer I brought in was…
Thread · 11 points
Got my first co-hosting inquiry last week and I have no idea what to charge for the setup phase
The owner has a condo in Scottsdale that's never been on airbnb. She wants me to handle everything from day one, photos coordinated, listing written, pricing set, guest comms, turn…
Thread · 6 points
My county recorder went digital eight months ago and it broke how I was doing this
Your investor already told you the answer when he said "two other sources in the same week."
Reply · 6 points
Why do luxury sellers actually sign an assignable contract when they find out what it means
What did you say to her when she called back? Because how you handled that tells me more about whether this scales than the question about attorneys does. The sellers I've watched…
Reply · 11 points
@jenn_mcallister isn't tagged here yet but 11 days vacancy across nine rooms for a full year is the number that stops me cold. Every boarding house operator I've watched try to hi…
Reply · 16 points
The 11k gap being "negotiable" is what kills me, because that framing already concedes the ARV is real and argues about the fee when it should be arguing about whether 248k has any…
Reply · 13 points
Snohomish specifically went from a sleeper county to a target county fast, and I think part of that is King spilling over. Investors who got priced out of acquisitions in King star…
Reply · 15 points
The EPS line on an mREIT income statement is doing less work than it looks like it is doing
The hedge maturity schedule cross-reference is something I only learned to do after watching an agency mREIT I was tracking report two consecutive quarters of clean-looking GAAP EP…
Reply · 8 points
Turnover as a standalone service, and what an owner would actually pay for it
Self-managing owners with three to six units are the sweet spot, not the ones above that.
Reply · 10 points
My bank called it a win on paper and I almost argued with them
$59k net on a $205k all-in cost is about 29%, which clears most people's hurdle rate on a flip, let alone ground-up where your unknowns multiply. Six months permit to CO in Cuyahog…
Reply · 12 points
Does the inspector's job end when he hands me the report or is he supposed to walk me through it
The parapet wall flashing thing is not a $400 item. I have never seen flashing work on a parapet come in under four figures once you factor in a mason or roofer who actually knows …
Reply · 15 points
Does the coach who has never lost money on a deal actually have anything to teach me
The line about Boston 2022 is doing a lot of work and I think you are underselling it. Not buying anything in an overheated market when your whole peer group was piling in is a rea…
Reply · 14 points
Can a HAP contract be dated six weeks after the tenant moves in, and who eats that gap
The PHA processing delay is the landlord's problem and nobody will tell you that upfront. What I've heard from people further along than me is that some landlords write a separate …
Reply · 9 points
Title company seeing both contracts and tanking the deal is the part that always gets skipped in these stories.
Reply · 7 points
Garfield Heights duplexes in that rent roll range do move fast right now, faster than most wholesalers price in when they're building their timelines. Three pitches across 90 days …
Reply · 14 points
What's the NOI growth assumption baked into that 5.1 exit?
Reply · 13 points
Cash at 187k or hard money at the same price, and which one actually costs more over a 90 day flip
The 12 percent plus two points is on the light end. I'm seeing 13 to 14 plus two to three in eastern Mass right now, so your hard money number is probably closer to 6,400 or 6,800 …
Reply · 9 points
What does it actually cost to run a lead platform on top of a full time W2 job
The part that broke first for me was pricing and refund policy, not the tech. I ran a smaller version of this, foreclosure pre-filings in two Ohio counties, sold leads via a simple…
Reply · 13 points
Submarket matters more than city, Tempe and Chandler are holding but Laveen is not.
Reply · 5 points
When a $375 a month listing content package reads as cheaper than the agent's own software stack
What she described is almost exactly what I watched my neighbor spend last year, agent in the Denver suburbs, and she didn't realize she'd assembled it piece by piece over 18 month…
Reply · 10 points
My skip trace vendor pulled my API access and called what I built a competing product
Batch data from county assessors and USPS NCOALink costs more upfront but nobody can pull it.
Reply · 4 points
Sourcing for a client who keeps moving the buy box after I already have a property under contract
The piece that's going to matter most in any kill fee clause is whether you can prove what the original buy box was, email, text, a signed one-pager, something with a date on it. W…
Reply · 11 points
The fast response was right but the refund probably wasn't. Wifi router location is so far from a legal habitability claim that most landlord-tenant attorneys would have laughed it…
Reply · 6 points
Six months with zero distributions on a workforce housing deal in dallas isn't automatically wrong, if they acquired in march and are still in a lease-up or light rehab phase, q3 m…
Reply · 8 points
