Intro and some General Direction Questions!

[Manu Kaina IV]

Aloha Bigger Pockets community! Finally decided to write an intro!! Our story is the same as most. After listening to numerous BP podcasts we've decided to take action and get involved! Everyone has such different aspects on Real estate that I figured its time to ask! I live on Maui, father of 2 and happily married! The real estate game is very new to us, it's complex and exciting, but we couldn't be happier! The goal is to become financially free and have multiple long term properties paid off! We recently purchased our first investment property in Vegas last December (2017). It's a 3B/2.5 townhouse about 5min from the strip. The plan was to simply "get started" and learn as we go! The upside was that there were good tenants currently under contract but downside rent is priced considerably low... I've heard the 1% rule, going after multi-family units etc. Just wanted some insight from others smarter than us on what your next move would be!? Any help would be greatly appreciated! Thanks in advance everyone! Vegas Property $135k 3B/2.5Ba Inspection came back solid, no major repairs needed, fairly new everything... current renters have been there over a year now and they pay $985 HOA - $178 Property Manager - $90 Current Lease is up April 2019 About 20% of our own money is invested Question: after all is said and done we pay about $20 out of pocket every month... Would you guys suggest holding on to the property, and simply raising rent? Or sell it and move on? The properties value went up $15k (per Zillow) since we purchased it 3 months ago... Thanks

[Mike Neubauer]

Hey Manu welcome to BP! It’s hard to say what you should do with your Vegas property without a few more details. If there’s a way to add value for your tenants easily , then you could raise rents. That said, if you have good tenants already, eating $20 a month is not a big deal. Give me a shout if you wanna wala’au about it. You got my number. Aloha, braddah!