All Forum Posts by: Aaron Peterson

@Kyler Cook I’m an investor and I’m a realtor so I totally get it. The problem is, investors will use up your time greatly. And for what....a $600 commission on a $30k purchase? Selling a $150k house is WAY easier than working with an investor who is going to nit pick each property. If you can proof that you’re a serious investor and you’ll be buying a lot and then selling a lot, you’ll have a much better chance of getting a realtor on your team. Try finding a rookie realtor that has tons of energy and intellect.

What is the benefit of landlord locks?  Is it just so that you can easily change the locks when a tenant moves out?  

I need a good recommendation for a company that will take my address list and send out postcards?  

Is it wise to require my single family home tenant to carry renters insurance? If so, why?

Thanks so much for the great answer!!

I'm somewhat new to Ohio and I'm looking to buy some duplexes (triplexes and quads). I'm wondering what the standard is for snow removal? With a smaller multi-unit, do tenants expect to remove snow themselves or do they expect it to be done by the owner? I know I'm a larger apartment complex they expect the owner to deal with it.

Ron, I'm a realtor and I'm in the Akron area if you decide to look at anything in this area. -Aaron

I have been the landlord of 5 properties for the past 15 years and I now want to build my rental portfolio substantially.  I'm a realtor and I have about 5 years as a State Farm catastrophe claims adjuster.  I'm new to Ohio and I'm currently a realtor by day and investor by night.  I have a connection to some private money and I'm not sure how to structure the partnership.  He wants to put around $100-150k in initially just to test how we will work together.  Then more as I build his confidence.  He doesn't know a lot about real estate but he's amazing at business in general.  My goal is to obtain about 100 rental units in the next few years.  My credit is bad and I currently do not have a lot of income.  My private lender has great credit and much cash flow.  I'm wondering if anyone can give me advice on how to structure a partnership (money split) on a situation where I'm buying one rental property after another and he is acting as the bank.  (he will possibly be the one signing for refinancing once the property is seasoned) I know if I simply found a lender they would charge around 6-12%.  I want this person to be a little more involved and help me make wise decisions.  Does anyone have experience in a situation like this?  

Hi, my name is Aaron.  I have been the landlord of 5 properties for the past 15 years and I now want to build my rental portfolio substantially.  I'm a realtor and I have about 5 years as a State Farm catastrophe claims adjuster.  I'm new to Ohio and I'm currently a realtor by day and investor by night.  I have a connection to some private money and I'm not sure how to structure the partnership.  He wants to put around $100-150k in initially just to test how we will work together.  Then more as I build his confidence.  He doesn't know a lot about real estate but he's amazing at business in general.  My goal is to obtain about 100 rental units in the next few years.  My credit is bad and I currently do not have a lot of income.  My private lender has great credit and much cash flow.  I'm wondering if anyone can give me advice on how to structure a partnership (money split) on a situation where I'm buying one rental property after another and he is acting as the bank.  (he will possibly be the one signing for refinancing once the property is seasoned) I know if I simply found a lender they would charge around 6-12%.  I want this person to be a little more involved and help me make wise decisions.  Does anyone have experience in a situation like this?