Blog - Page 16 of 31 - mspassiveincome

(3) – What Exactly Does It Do?

January 4, 2025 / 187

Picking up from the previous conversation, Reza said, “Out of the 1-2 trillion spent annually, about 40% goes directly to middlemen! For example, to contractors, property managers, etc. It’s all pure markup—such a huge waste! And this is just for handling the PO contracts. Aside from that, did you know that there are about 1 million people in the U.S. working in related fields? Now with our AI bot, even if we only replace 20,000 of those 1 million workers—just 2% of the labor market in this industry—we’ll save 1 billion dollars in expenses!”I asked, “Are you really confident your... Continue reading

(2) – What Exactly Does It Do?

January 4, 2025 / 200

Continuing from the last post, the founder’s name is Reza, and what exactly do they do? To sum it up in one sentence, they are an AI Coordinator for maintenance work for property management companies.Normally, if it’s an industry I’m not familiar with, I wouldn’t be that interested in a product or service that simply assists with efficiency. But this happens to be my area of expertise. As my long-time followers know, part of our portfolio includes real estate, and we have a significant number of shareholders and buildings. The biggest problem with this sector is that it doesn’t make... Continue reading

(1) – How Did It Begin?

January 4, 2025 / 196

So, based on my past experiences, I know the pain is real. When I first heard about their business, I thought, “Wow, this is great! They clearly address a major pain point in the market!” We ourselves stopped dealing with real estate because it was too painful 😂. Currently, the market has only two extreme solutions for property management: one is just software to increase efficiency, but the property management companies still have to do all the work; the other is outsourcing to a service provider, but it’s expensive, error-prone, and not transparent. There isn’t really a middle ground. Their... Continue reading

Private Lending (19) – Finale

January 3, 2025 / 172

This is the finale episode for this series and I will try to sum up the due diligence checklist for private lending so you can even do it yourself if interested. Private lending involves borrowers uses their real estate as collateral. Generally, the return on private lending falls in the high single-digit to low double-digit range, depending on each deal.The lending duration typically ranges within 12 months, with some shorter options like 3, 6, or 9 months, but mostly 12 months. There are also occasional deals where a one-year term is renewed for another year. Renewals usually come with additional fees... Continue reading

Private Lending (18) – The Closest I’ve Ever Been to a Documentary

January 3, 2025 / 166

This time, I will be sharing an application which had many twists and turns. When we first looked at the deal, we felt the appraisal was inflated, so we rejected it. But then, after a while, the broker came back and said the borrower was willing to use another property as collateral. This showed some sincerity, so we took a closer look. With two collateral properties, a large house and a small apartment, the combined LTV was almost there, and the asking price and timeline seemed reasonable.Then the interesting thing happened. As per usual, we went on with our checklist,... Continue reading

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(3) – What Exactly Does It Do?

(2) – What Exactly Does It Do?

(1) – How Did It Begin?

Private Lending (19) – Finale

Private Lending (18) – The Closest I’ve Ever Been to a Documentary

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