Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 9 years ago,

User Stats

31
Posts
11
Votes
Tapiwa Wakatama
  • Healthcare
  • Decatur, GA
11
Votes |
31
Posts

1st B&H Property, 1 Month in, Door Kicked In!

Tapiwa Wakatama
  • Healthcare
  • Decatur, GA
Posted

Greetings everyone,

I closed on my first property (tenanted) on 2/18/2016. I'm both excited and nervous. I'm excited at the prospect of building wealth through real estate. I'm a little nervous about the risk. The investor mindset has not fully settled in yet. Buying a new car is less risky in a part of my mind than investing even though, cars and the like do not produce income for the most part.

I got a text from my PM the other day. Someone tried breaking in by kicking in the door. They didn't get in, but the door was damaged. I immediately did a quick search on the BP forum for this topic, then told the PM to get me the police report. The tenant said they were with the cops at the moment, and provided a police report number shortly after. The PM advised that it may take about a week for me to get it.

A few hours later I hopped on crimereports, and didn't see any incidents at the property. I just checked again with the same result. I don't know what that means.

So I'm resolving two issues in less than two months. Granted, I was mostly aware of the first issue before closing (fixing a cabinet and outlets).

With that in mind, what is everyone's experience when starting out, or acquiring a new property?

Is it reasonable to have issues come up early in this process?
Has anyone heard of a tenant giving a false police report number?
Am I doing the right thing by fixing the door right away, or should I have received verification from the police first?
Do you mainly profit on your properties during the first year?
Is it OK to trend into a profitable state with a property over time?

Thanks!

Loading replies...