Rentgrata’s Post

Did you know the average homeowner has $299,000 in equity? 🤯 With nearly 40% of homes being completely paid off, now might be the perfect time to leverage these funds to diversify your real estate portfolio. 📊 As the real estate market anticipates, 24-months of economic tailwinds starting around Q4 of 2024, it's essential to think strategically about your investments. Contact your real estate professional Steve at Team Sato at HomeSmart today to harness your equity to execute on new opportunities and maximize your networth through real estate holdings! 💰 Don’t wait—start planning today! #TeamSato #DenverRealEstate #HomeSmart #ColoradoSpringsRealEstate #RealEstate

In this edition of #RJTS's At the Forefront…   We discuss the recent surge in demand for single-family real estate and emphasize the necessity of leveraging technology to navigate the complex regulatory landscape and streamline operational processes.   Keep reading to learn more about key trends in Real Estate Software, notable transactions, and companies to watch including DoorLoop, Hemlane, Innago, Landlord Studio, PropertyTek, REI Hub, RentRedi, RentSpree, Rentvine, Revela, Inc., Second Nature and TurboTenant. https://lnkd.in/e27PAEpu

🏠 Ready to showcase your properties to a wider audience? Learn how to list your property portfolio on Rentt with our step-by-step video tutorial! 🌟 In this easy guide, we’ll walk you through the process of listing your properties on Rentt, the innovative platform designed for landlords. From creating compelling listings to attracting quality tenants, Rentt simplifies the entire process. 🔗 Watch the video now to discover how Rentt can elevate your property management experience: #PropertyListing #Landlords #RealEstate #TechSolution #RenttApp

On March 6th of 2023, about one year ago, I officially began working with the crew at Appreciate A short story: Initially, I joined as head of sales. The goal was to drive business for the product at the time, a vc backed 3rd party property management solution that promised transparency and high level analytics around your rental properties. The pitch was to optimize an industry (3rd party property management) that was/still is completely broken, fragmented, and left behind. It was a compelling pitch that I believed so strongly in that I left the prior startup I had and left my old life in Austin behind to start fresh in mid Missouri. I moved to operations soon after. 12 months later…. I could not have anticipated how fast things would change. What we’ve achieved since I joined: - we hired great people - Pivoted the business when we identified we had only a few months of runway left before insolvency + the fundamental problem we were solving wasn’t the game we were meant to play - We let some great people go - We found product market fit with a new strategy: building a tech enabled real estate company - We rebranded (check out appreciate.io for the new direction) - We’ve slept on cockroach infested floors to turn around some of our north star assets creating ~$2m in capital gains within a 6 month period - We unlocked a path to profitability with the current portfolio we own and manage (took burn down from ~$50k+ to breakeven by growing to ~$15m AUM), and taking pay cuts well below market rates to put the business needs first - We’ve identified Kansas City as the market that will unlock our growth - We’ve doubled down on the core team that can take this idea and build it into something truly exceptional A little bit about the path from the weeds: - We’ve grown revenue 268% since January of ‘23 - Our rents under management at our peak before pivoting was $172k per month, and we were making $35kmrr. That was with a 3rd party management structure - After we pivoted, our rents under management fell to $80k and our revenue fell all the way down to $20k mrr. we fired almost all of our 3rd party customers…except ourselves. The remaining portfolio we were managing was primarily owned by @Nick and soon to be Appreciate - The new strategy became owning what we manage and aligning incentives - a big reason we wanted out of property management. - We purchased 2 sub institutional assets in Kansas City and stabilized the 3rd large one already located here. - By December, our rents under management climbed all the way to $115k, and we had our new highest revenue month ever with MRR reaching $35.4k! surpassing our July peak when we were managing much more rent volume It’s been a hell of a ride. The tech we’ve built has driven a lot of the decision making that has led us to today. And now…we are fundraising! If you know anyone investing in proptech & Midwest based startups, I’d love to chat and connect them to the team if it’s a fit

Watch this video to see the PROCESS we use to analyze a buy-and-hold project! The key elements of this process include calculating the renovation budget, estimating rents, and projecting income. Here, Enis guides us through a detailed case study of a property in Dorchester that we worked on. Although we ultimately shifted our exit strategy for this property—from buy-and-hold rentals to multifamily and condo sales—the insights we share in this video remain invaluable. Remember that when you're analyzing a deal, it's best to consider more than one exit strategy. Sometimes the market fluctuates and you may need to make last minute adjustements or change your strategy altogether to respond to it. Your primary goal should always be to MAXIMIZE PROFIT, and considering various exit strategies enhances your ability to get the most value from your properties. . . At Whiteacre, we've recently introduced new systems to expand our project capacity. If you have off-market deals you'd like to collaborate on, please reach out to us. We're also working with passive investors! We thrive on exploring innovative collaborations within our community and are excited to introduce our 50-50 Partnership Program. Direct message our team for further information! Enis Shehu, Joni Shehu, Sebastian Rodriguez, Mark Gullifer, Ina Duka Shollo, kayann Rossetti #realestateinvestors ⁠#massrealestate⁠ #rentals ⁠⁠#realestate #smartinvesting⁠ #realestatelife #bostonrealestate

Matterport is being acquired by CoStar Group for $5.50 per share, half in cash and half in CoStar shares. "Matterport’s stock was trading below $2 per share before the transaction was disclosed." I'm very happy for the Matterport founders Matt Bell and David Gausebeck who were pioneers in 3D reality capture and SLAM. Simon Heinen and me started working on SLAM and 3D reconstruction at the same time. Also, NavVis got started at the same time btw. Back in the days, the goal was to create great Augemented Riality experiences, but all three teams landed in construction and real estate where we could create cash flow. NanVis and Matterport went down the road to use the Kinect scanners, Simon and I believed in mobile devices aka smartphones. The rest is history... Back to the business side of things. Matterport was at around the IPO day at nearly $25 and later got up to over $27. All the people who bought at that time are loosing out big time. BIG TIME. I guess mostly retail investors or your pension fund. I bought some Matterport sahres around $5.80 and some for $4.20 over all that was the range I thought the real value was. I had hoped they would get some innovation going or build something new. But in the past years nothing big happened. Not sure where all the money went... Anyway, Matterport is a great start-up story with I guess many pivots and ups and downs. I'm very much looking forward to seeing what CoStar Group will do with the company. It could be great, when they focus with product management on their strength and core market: real estate. here is a link if you want to read more: https://lnkd.in/dWY78mHM #realitycapture #3D #slam #augmentedreality #contech FARO Building Insights aka HoloBuilder

This quick read from RealPage confirms what Mike Hart and I were hearing and discussing with our network over the last couple quarters. Minneapolis has slow and steady unit growth while maintaining rent growth which makes it an outlier for investors and developers who want to bring more units online and underwrite continued rent growth. #realestate #multifamily

Market rent is a critical factor in any underwriter's rental property analysis. Traditionally, these insights were often based on anecdotal intel and gut feelings. At Dwellsy, we are rewriting the playbook. With Comp IQ, you can access rental comps from similar units in your area, providing you with accurate, data-driven insights to inform your decisions in 1/10th the time. Elevate your underwriting process with reliable rental data from Dwellsy's Comp IQ. Sign up today and see the difference! https://hubs.la/Q02Dr7YL0 #RealEstate #PropertyManagement #RentalMarket #DataDrivenDecisions

89% of consumers say they are more likely to use a business that responds to all reviews. Managing your reputation can be a challenge for property teams. RentRep. takes the hassle out of reputation management. Your team can take control of your online ratings, reviews, and social presence to boost renter engagement. Redefine your reputation. Revolutionize your leasing with RentRep. https://bit.ly/3YmD4O7 #AttractEngageConvert #MultifamilyMarketing

Here are three ways to add value to your multifamily properties: Smart renovations can skyrocket your rental income, but remember - align upgrades with your market. Not every property needs luxury finishes to shine! Don't stop at rent. Explore additional income streams like trash valet, Amazon lockers, or pet fees. These small additions can lead to big profits! Before closing, put on your detective hat and scrutinize those expenses. Efficient management, especially in utilities, can dramatically boost your bottom line. At Crown Capital, we've seen these strategies transform average properties into cash-flowing powerhouses. It's not just about buying right - it's about managing smart. What's your go-to value-add strategy? Share in the comments! #CrownCapital #multifamilyinvesting #realestateinvesting #investing101 #cashflow #passiveincome #multifamily #realestate