All Forum Posts by: Adam Bartomeo

We just paid $500 for a 2,600 sqft house that was fairly clean. It would really depend on how long the cleaning actually took.

We have used Appfolio for a few years now. We went through this process twice with them. Although, some of the information was not required either time and some was required both times. Once you get this information to them you will also be required to do a zoom call and walk around showing them some of this info - the office, any signage, and locks on doors. Once you get through this process there hasn't been any concerns after that.

@Todd Connelly We can help. I will send you a PM

Most often owners have too high of expectations for C/D neighborhoods. These are very difficult properties to manage, and the tenants are very hard on the properties. The owners want the performance of an A class and blame the PMC for the investment. It's like blaming the Pinto driver for losing a race against a Corvette, its not going to happen.

Don't be penny wise and pound foolish. Let's say they pay you $2000/ month * 12 = $24,000/year. Your maintenance budget should be 10% * $24,000 = $2,400 

Make the tenant happy!

Selling PT is very difficult and as a young student it will be difficult to find much success. You should take a job for the education and not the money. So, working hourly for successful RE broker or a PMC will be your best opportunities.

TWO ACCOUNTS ONLY! Escrow and Operating.

I filled my own taxes for multiple years for multiple LLCs in multiple states. I am unaware of any law in any state that requires you to have a CPA. I no longer do my own taxes and hire a CPA. They save me some time and give me a little added protection but that's about it.

Going at it a lone for the first few properties is feasible but it is trail by fire. Something will come up that you do not understand or do not have to knowledge to deal with. In the NE states, AKA tenant friendly states, I would always have a PM to help protect my interests.

We have zero concerns of squatter in SWFL. We put a sign on every property to: attract tenants, create brand awareness, and to help prevent scammers from using our properties as bait.