All Forum Posts by: Donte Handy

BP

This Friday I completed my first move-out inspection. A guy came over and charge me $300 to change my locks. He changed 3 locks. Does this seem like a fair price? Where can I get information on going prices prior to being ambushed?

@Barry Pekin - Thanks for passing off that Intel.

@AJ Smith

I can't answer your questions, but I'd just like to say that I just found out about the series LLC at the top of this year. I'll be forming one in the near future. I just haven't decided on a name yet.

I'm sure a Delaware attorney or tax professional could help you with the answers to your questions.

Before I file for my series LLC, I'll probably consult with Wolfe & Associates to make sure that I fully understand the implications of forming the series LLC and the impact it'll have on my Real Estate Investing.

I'll be sure to ask your questions, also.

@Maurice George

I've heard of things like this happening when people are bidding for govt contracts. They'll end up going with a second or third place bid for one reason or another.

The only thing that can be done is to try to figure out why that lower bid beat you out.

@Tyler Rebischke - *2-3 months*

@Tyler Rebischke - Great Questions! As far as return goes, bringing your buddies to rent out the rooms individually should give you the best bang for your buck.

Simple numbers.

Duplex Mortgage - 1000 and you charge 800 for side A. A big chunk is taken care of but not profitable until you can rent out the other side.

4 Bedroom SFH Mortgage - 1000 and you charge 3 friends 500 = 1500. Free room and profit. Also, you'll have the advantage of money still coming in, if somebody leaves. If a single family leaves and it take 2-3 days to rent it out, you'll lose a good amount of profit.

Hybrid - Do both. Take that Duplex example up above and rent out the rooms individually and it starts to look more like the 4 Bedroom example.

Get a property manager and they can handle everything. You’re in a great position, as you know your market. This is something I wish I could have done in my younger 20s in the military. Get after it!

@Liliana Tepan

Great question. I'm going to be using Cozy to set up automatic payment.

BP

18JAN19 apx 1600hrs I became a house hacker/investor. I used the VA to get a 3 unit property in New Castle Delaware. I will be living in one unit as an owner/occupant. I'm looking for PM to get in on the ground floor and help me systemize and streamline managing this property because there will be more. Any help with finding a solid PM will be appreciated. Thank You!

Ciro

I'm looking on the boards for a PM in New Castle County. In my search, I've seen this website (

NARPM.org) thrown around. Hope it helps. 

David

Any luck finding a PM? I have a triplex in New Castle County that needs management ASAP.