Tue, 23 February 2016
AIPIS 122 – Sharran Srivatsaa - Is it Possible to Make High-End Income Properties, Cash Flow Positive?
Buying income properties in high-end markets isn’t for everyone. First, you need to be able to raise sufficient capital to purchase the property and then secure top monthly rents from tenants. Sharran Srivatsaa, with Teles Properties, shares how his company has changed the game in the upscale market by building their own in-house software platform which fits the needs of their specific market and by creating a corporate culture of “do what you do best”. Realtors in their sales division are incented to do only the things which drive positive sales results.
[3:38] A quick history of the strategy behind Teles Properties.
[6:08] Agents want to be doing these 3 things.
[8:00] Teles launches new releases of our in-house software platform like Apple does.
[13:17] How is Teles making California income property to work?
[16:32] The real cost of adding an additional unit to each property.
[20:22] Having all of your eggs in one high-end basket.
[26:10] The Big Short movie.
[27:53] The Rochester, MN, Huntsville, AL, Raleigh-Durham, NC and Dallas, TX markets
[31:05] Raising capital for real estate investments.
[33:05] Contact Sharran at Teles.