I Need better access to owner information. Costar is not helping at all.
Hey guys. I am primarily a multifamily and Developement broker in nyc but I recently did a net lease deal (walmart) which I really enjoyed and see huge potential for my business to break into the net lease game. I made the investment and signed up for costar and I have to say it is terrible. No owner info other than the company phone # if even. I have only reached a handfull of principals so far and it is very discouraging. I would really apreciate any insight on other methods and software to actually reach principals or even acquisitions associates. I have a few deals already but i need more and i need to sell them.
[{"id": "hwd8yho", "text": "look at the secretary of state filings for the company/llc/whatever.\n\nCall their lawyer.", "replies": [], "depth": 1}, {"id": "hwdb689", "text": "I use prop stream to find owners entity, Secretary of State website to find owners name and mailing address and skip trace the owner and call them up. Any free # given is usually not good", "replies": [], "depth": 1}, {"id": "hwdbv20", "text": "Use county records. Or maybe state records. Either any online search hosted by the gov't or go to the County clerk's office and request a copy of the deed.", "replies": [], "depth": 1}, {"id": "hwdf1ez", "text": "County tax assessors will usually list the entity w an address or an entity name, from there you can use the corporation search on any states website or you can reverse the address on white pages. Zoom info is also a good tool for company execs phone numbers and emails", "replies": [], "depth": 1}, {"id": "hwdhzcy", "text": "Calling principals will remain discouraging.  Try to stand out because they are being called dozens of times per day.  Go to industry events to build relationships.\n\nReonomy I have heard is better for contact info and cheaper, but less comps to see.", "replies": [{"id": "hwdtm8h", "text": "I just tried Reonomy again after doing a trial 3 or 4 years ago and it is vastly improved. I think I'm goin to add it to my tool book.", "replies": [{"id": "hwfxywp", "text": "Thats good to know. I also did a trial like 3 years ago. Not impressed at all. They didnt have anything other than llc for smaller demographics and they didnt have unit counts on multi either", "replies": [{"id": "hwg057u", "text": "I tested it on a few entities I know and it had at least one but usually more of the partners number and email. Not sure about unit counts because I\u2019m only focused on land.", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "hwdiwly", "text": "Im a numbers guy. As lomg as i have enough principals to converse with i will get inventory but im getting none now. I have been a desk guy for the last 9 years. I hate events.", "replies": [], "depth": 1}, {"id": "hwdo2v3", "text": "Propertyshark or use the department of corporations to dig into the LLC. Preferably both. Propertyshark is fantastic for NYC.\n\n&amp;#x200B;\n\nI work in the same market. Shoot me a dm if interested.", "replies": [{"id": "hwdoasz", "text": "I have pshark already. Not good for smaller MSA", "replies": [], "depth": 2}], "depth": 1}, {"id": "hwdrqeo", "text": "Property owners don't like cold calls.  Strongly advise you find a more effective approach.  Cold calls are no different than spam.  In regards to contact information check tax records.", "replies": [], "depth": 1}, {"id": "hwdrvjo", "text": "ProspectNOW!", "replies": [{"id": "hwds0u8", "text": "For net lease Propertys? I thouggt it was mostly geared to residential.", "replies": [{"id": "hwdsdtr", "text": "Lots of multi family, residential for sure, but it can help find owners and more data in different scenarios.", "replies": [{"id": "hwdsmk0", "text": "How much $?", "replies": [{"id": "hwdssqj", "text": "It depends on states I think, but around $1500 a year", "replies": [], "depth": 5}], "depth": 4}], "depth": 3}, {"id": "hweewjb", "text": "just my two cents but I had this for a few months a few years ago and cancelled it.  My experience was it basically had the same costar info or info I could google and find in 30 seconds.  \n\nIt was good at making call lists and managing some of that.  I'm not the type of person who is going to make 1000 calls all week I tend to work on a more targeted basis where if I'm making a call I probably already spent 15 minutes before dialing so this wasn't all helpful to me.  If you are just about numbers then it may be worth checking out.  I don't think it was that expensive.  Maybe $100 month range?  \n\nWay less than CoStar and more targeted towards cold calling", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "hwdws12", "text": "Lexus Nexus if you want to get straight to the point.", "replies": [], "depth": 1}, {"id": "hwdy5ry", "text": "Reonomy", "replies": [{"id": "hwfapa3", "text": "How much is it?", "replies": [], "depth": 2}], "depth": 1}, {"id": "hwe07xl", "text": "\nTldr; \n\nhmu, I'll help you out dude. I got connections\n\n\n\n\n\n\n\nDm/pm/chat I'll connect you with a guy w a company I wouldn't try to throw because he's bigger than me to help you, I need to get my account back working too so it's a win-win, keeps me on track.\n\n\n\nCostar is good for comps for assessing property value with just numbers, (tangibles need eyes, no surprises during inspection) or fighting excessive taxes to get a portion of your property taxes back after you've paid them. (I do that too, check goes to you just toss a split back after you deposit or cash it, no skin off your back; if I don't get you money you don't pay shit) but also, I won't fight something that doesn't have anything there. \n\n\nThat makes me look bad and wastes my time, not to mention; it's rude to the government who generally needs those funds and fixing values assessed higher than market (due to clerical errors, market adjustments, multiple properties being purchased at once and each one being assessed at the total, ect)\n\n\n\nI'll give my buddy a call as soon as you touch base with me, he has an amazing system using google maps and tax records and plat map data and ECT and and and and everything. \n\n\n\nYou can search by address, APN, or get entire streets records in literally the click of a button. It's kinda exclusive though as far as it not being free, and wasn't the cheapest thing in the world to put together from my understanding; if you're paying for Costar I'd imagine this is a no-brainer, though.\n\n\nOne rule: don't put my reddit on blast, man. I have a level of professionalism I like to act like I maintain while I'm way too honest with everyone around me that knows me, and that I work with, or have in the past and still do business with on when I'm drinking a colt 45 at 11:30 am EST. \n\n\nThis guy's cool af though he's been off the bottle for a while, maybe 20+ years these days. Hollywood is wild. LA in general but... Yeah.\n\n\n\nI can probably work out a discount; You're welcome to look into the company yourself before you get a membership. I know the owner personally, really cool guy, I'll get you in touch w him.\n\n\n\n\n He used to come by the redacted back in the middle days when I started CRE/pm/ptreassessment under redacted. Redacted taught me everything I know about apartment buildings minus some I've been in during strange points in my life I don't care to discuss\n\n\n\n\n And, yes, this is great for residential too. I just don't care about anyone's baseboards as much as they did or do buying their first house or hundredth cuz everyone is individual and all that matters is everything, unless you want me to. The guys I usually deal with like numbers, and baseboards can be changed, usually, but in case they can't cuz your pockets I'll ask for a credit during escrow if it won't fuck a future deal for you.\n\n\n\n\nRedacted redacted at some percent and got international and tons of leads. Makes me jealous, I used to cold call out of the apartment directories and send letters.\n\nSent me down memory lane man. I need to get my ass back out there.\n\n\n\n\n\n\n\nHelp me help you help me helping you to(o) help us. fuck it! thanks for the soundboard man!, time to get my life on track!\n\nI'll give you my number, a call is better. I'm not gonna bullshit you; let's see what we can do to make some money, I almost forgot I did some school stuff for this..... that I should probably go do my continuing education onnn........ but I'll finish that in a short amount of time. \n\n\n\nAnd I don't need to do that today to help someone out, so it's like I'm being productive without trying! \ud83e\udd37\n\n\n\nToday's gonna be a good day. I can feel it in my bones. It's like starting all over again when you get excited cuz someone called you back on a voicemail and you're waiting to print the comps in the area you've been calling in and you have enough for a bus to go meet the owner/s at the building and put eyes on the stucco and the owner/s said you can even get on the roof. Don't leave the rest of the story out. I'm tryna have sweet dreams tonight.", "replies": [{"id": "hwe79ge", "text": "lol wtf, lay off the liquor my dude.", "replies": [{"id": "hwe8nxu", "text": "Not today, zurg.", "replies": [], "depth": 3}, {"id": "hweslh7", "text": "The sad part is I'm 1/4 of the way through a Colt 45", "replies": [], "depth": 3}], "depth": 2}, {"id": "hwg0yev", "text": "Speechless.", "replies": [{"id": "hwh2pcm", "text": "I thought it was funny. Maybe get less deals done if you were more like me!", "replies": [], "depth": 3}, {"id": "hwh8eax", "text": "Did you laugh cuz if you did I want a dollar", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "hwe2mu2", "text": "Use Reonomy", "replies": [], "depth": 1}, {"id": "hwedik4", "text": "Haha this is too much to process.", "replies": [{"id": "hwh2rvz", "text": "That's how hotdogs are made.", "replies": [], "depth": 2}], "depth": 1}, {"id": "hweiwtn", "text": "We\u2019re just signed a deal with ProspectNow. They have a solid coverage of owner data and claim to cover 90% of phone numbers as well.", "replies": [], "depth": 1}, {"id": "hweqs0r", "text": "Reonomy works well. Also if you really wanna dig deep, Get LandVision and LexisNexis. LandVision will accurately give you ownership and LexisNexis will let you look up LLC and who is managing them", "replies": [], "depth": 1}, {"id": "hwevid0", "text": "This is where I shine. I love going thru state registrar databases and google scraping for that often obscured info. You *will not* find it on costar, you *will* have to get creative.", "replies": [], "depth": 1}, {"id": "hweyel5", "text": "Stand outside properties of interest until ownership shows up. Works 100% of the time.", "replies": [], "depth": 1}, {"id": "hwf5way", "text": "PropertyShark", "replies": [], "depth": 1}, {"id": "hwgo0ak", "text": "I used to use a product called Metroscan.  It cost something like 400 bucks per county for a year, total access, as many times as you wanted for a year.\n\nThey changed it and, I've never found a cost effective replacement.", "replies": [], "depth": 1}, {"id": "hwh2jtt", "text": "No title company you fw in all reality?", "replies": [], "depth": 1}, {"id": "hyi8vsw", "text": "NYC I use ACRIS.  https://a836-acris.nyc.gov/CP/CoverPage/MainMenu", "replies": [], "depth": 1}]