Charlie yes haha we are making some software changes you can still get our training it may have been up and down until recently - www.StraightTalkAcademy.com
We've covered leasing with our membership group @ straighttalkacademy.com plenty, BUT we will see about posting a public training on that topic for you here on youtube!
Good content. I use mojo dialer but I am sure they are all good. Actually, replaced ,my crm with just mojo dialer because my data needs to be there too. I love costar and prospectnow, great data. Good information
Why is my landlord asking for my account number for my gas and electric bill???? Is that legal? HELP. That makes uncomfortable. I live in Arcadia, CA, which is in LA County.
Depending on your electric situation - shared meters, etc. I suppose they may need that to track usage? That does seem very odd as they should know what they need to if they have shared meters between units. We're not attorneys but at least getting some written notice on why they need that info would be what we would do and we would consult an attorney if we still felt uncomfortable.
This guy immediately tries to legitimize a 3% commission --- Commercial is not a 3% commission. Very misguided advice. 1001 things go wrong with Commercial, all types of things to deal with that you do not have in Residential. That is why 4% should always be the minimum that an agent should work for!!! Unless, it is over 5 million! The real question is your agent worth the 4%! There are many times multiple agents that share in the commission, unless you are a broker doing the deal yourself!
Agreed, TK! Lots of details about commission I did not go over in this video - trying to keep it under (or as close as I can to) that 6 minute mark! That first deal was quite the rollercoaster and education by fire. I definitely recommend anyone - whether getting into commercial or residential - has a mentor or advisor of some sort to learn from when they start out. Our classes/membership are a good and very cheap starting place to learn commercial - and we even just recently helped a team complete their first commercial transaction at $14mm!
Thanks Amanda! If you didnt know we do training every friday with our members and answer their CRE questions live and have a library of over 50 hours of training. You can join us at www.StraightTalkAcademy.com.
Thanks! Another monthly Office hours coming your way today - if you want to join our group we meet weekly for office hours and have 50+ hours of video training available at www.straighttalkacademy.com
I am a Landlord. I always say that water is the biggest enemy to a Landlord. Leaks. Drain clogs. Water waste. I would love to find a way to remove this X factor from my rental properties. HOWEVER, this RUBS is not the way. If one tenant from a building of 6 flushes a toilet and the chain hangs up for two days until the tenant comes back, that could run 10's of thousands of gallons. If you try to "split that up" when you have no evidence as to who wasted the water, I promise you that no magistrate will rule in the Landlord's favor. And to be honest, that wouldn't be fair if you want to be realistic.
Agreed! Water is sneaky as well... hidden leaks, etc. that don't get reported by tenants. RUBS is not meant for items like that (Repairs, Maintenance & Capex) - thus the "Utility" in Ratio Utility Billing Expense - it offsets ownership utilities by sharing some or all of them proportionately with tenants. This could be water if not separately metered, or trash and common area electric.
Yes of course - in this case water would not be part of the program. You can still bill out for trash and common area electric though! I must be clear that this only works well in areas with high demand for housing and you must remain competitive with your market.
Hello, I am very interested in joining this program. I do have a question. The accessablity to a mentor is weekly, monthly? Or can i call someone for a question? I think for me is not only tring to get business, but having a commercial listing and needing assitance during that process. Thank you, Jess C
Jess our private Facebook group has these live once per week on Friday and you can ask questions any time in the group and we will answer them outside of that. We also have a library of about 55 training classes on different commercial topics as well as give you access to all the tools, marketing, scripts etc we use in our own brokerage.
it is legal but when you guess what a person spent on water its not fair so get lawyers and sue rubs and the landlord why wont landlords put the water meter on so they can steal and over charge
its a rip off dont fall for it you dont go on guessing or an estimate you go on what a person spent the method used is only good for landlords not the tenant they base their calculations on square feet and how many people live in the home the truth is none is accurate or fair rubs is a private company that acts like a billing company and you dont get bills from rubs you get bills from the owners so how do you know the owner is not overcharging there are no meters rubs is a scam
Is May’s episode going up? Surprised by the numbers on this channel, content is great but viewership and engagement is underachieving. Are you taking deals? I think I can be of help in this department. Let’s chat.
Thanks for the kudos! Wanted to make sure you knew we do these office hours weekly for our members but only stream it to this channel once a month or so. If you want to join us we're at www.straighttalkacademy.com
Hey bud, you can email us at admin@straighttalkacademy.com or you can download everything at www.CREtoolkit.com Hope it works for you as well as it works for us!
Can this example be applied to say a small 7 unit commercial strip mall? Follow up question. What if you were doing a deal with little to zero down, 100% financing. I have a beater property I'm looking, seller is willing to do a seller credit and hold paper due the condition of the property. The down money will be used to make much needed improvements over time. So how does a COC breakdown work in the scenario? Thank you in advance.
Good questions! A couple of things to unpack, JD. First I should mention we have a membership community where we do regular live office hours and answer questions like this in great detail all the time - you can sign up at www.straighttalkacademy.com (you'll also get access to 55+ workshops, classes and ALL our brokerage's marketing materials, scripts, etc included.) On your questions: Yes, cash on cash return is a function of your annualized return usually with a loan involved. If you don't have any money in the deal and it is somehow 100% financed then there's not really anything to measure in that scenario but you could use that 'repair/down payment' money as your metric for measuring cash on cash return - capital improvements may or may not be factored into your evaluation depending on what you're looking to do. Hoping that helps!
It is certainly a bummer if you're in an area that RUBS is not common. There are certainly a lot of locations where RUBS is not common at all and in those areas what we find is if RUBS is implemented the rent is usually offset somewhat to compensate (market rent is $800 but the apartment with RUBS implemented rent is $760 with $50 in RUBS)
@@talkcre Pretty sure they aren't going to reduce rent because most Management companies are greedy and dishonest. I mean really, someone has to pay for their battle-axe wife's Botox sessions.
