Ademola โ€œA.D.โ€ Dawodu | ๐Ÿ˜ Investment Specialist (@adtheflyrealtor) 's Twitter Profile
Ademola โ€œA.D.โ€ Dawodu | ๐Ÿ˜ Investment Specialist

@adtheflyrealtor

Investor friendly Real Estate Proยฎ Specializing in 2-8 unit properties in LA Experienced and beginning Investors Tap In๐Ÿ‘‡๐Ÿพ

ID: 50729972

linkhttps://linktr.ee/adtherealtor calendar_today25-06-2009 18:46:31

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Ademola โ€œA.D.โ€ Dawodu | ๐Ÿ˜ Investment Specialist (@adtheflyrealtor) 's Twitter Profile Photo

Los Angeles real estate isnโ€™t one market. Downtown/Central has been noticeably softer (higher vacancy / lower occupancy). More affordable areas can be tighter or steadier. Donโ€™t underwrite headline LA. Underwrite the submarket + tenant profile.

Ademola โ€œA.D.โ€ Dawodu | ๐Ÿ˜ Investment Specialist (@adtheflyrealtor) 's Twitter Profile Photo

Property manager reality check: More supply = more incentives. Concessions donโ€™t mean somethingโ€™s wrong with your asset. It means the market is competitive.

Ademola โ€œA.D.โ€ Dawodu | ๐Ÿ˜ Investment Specialist (@adtheflyrealtor) 's Twitter Profile Photo

Most deals donโ€™t go bad at purchase. They go bad in operations. You underwrite the rentโ€ฆ But ignore: โ€ข 1 month free โ€ข 3 weeks to turn a unit โ€ข 200 units delivering next door Thatโ€™s how your โ€œcash flowโ€ disappears. Underwrite reality, not the listing.

Ademola โ€œA.D.โ€ Dawodu | ๐Ÿ˜ Investment Specialist (@adtheflyrealtor) 's Twitter Profile Photo

Concessions 101: asking rent vs effective rent. If rent is $2,500 and you give 1 month free on a 12-month lease, effective rent is roughly: $2,500 ร— 11 / 12 โ‰ˆ $2,292. Underwrite the $2,292. Not the marketing number.

Ademola โ€œA.D.โ€ Dawodu | ๐Ÿ˜ Investment Specialist (@adtheflyrealtor) 's Twitter Profile Photo

Muted rent-growth year? NOI = ops game. Donโ€™t wait on the marketโ€”run it better. Protect NOI: โ€ข Cut turn time โ€ข Be surgical on renewals โ€ข Target concessions (no panic specials)

Ademola โ€œA.D.โ€ Dawodu | ๐Ÿ˜ Investment Specialist (@adtheflyrealtor) 's Twitter Profile Photo

Sometimes I forget part of being a property manager is being a therapist too. Youโ€™re not just managing unitsโ€” youโ€™re managing personalities, emotions, expectations. That part? Heavy.