All Forum Posts by: Amy Bates

@Chris V., 

Welcome aboard!  My husband and I bought our 2nd rental at the end of last year, and we are looking for a few more now.  We personally are looking at buy and hold.  

Wish you all the best and let me know if I can share anything I've learned so far.  Best of luck!

I was very happy with RentCharleston.com.  We are managing the property ourselves, but they assisted with marketing it and screening the tenants.  PM if you want to discuss further.  

@Susan Knight, welcome and best wishes!  My husband had made a rental property from his condo years ago, but we finally bought our first rental here in the Charleston area last year.   I spent most of the year reading on here and listening to the blogs, but I was still anxious.  We did some repairs and have tenants in there now.  It will definitely feel better when you have one under your belt. 

My husband has an office in Murrells Inlet, so we'd be happy to meet up there sometime if you all are interested.  He works as a solo architect.  

Again, all the best and good luck!

I've used Frank Hall for both my personal residence and our investment property home inspections.  He is outstanding - reviews all the little nooks and crannies as well as provides recommendations on what can be monitored versus repaired.  He worked in construction for many decades, and he has been inspecting homes for years now as well.  PM me, and I'll give you his number.

We bought a reasonably priced SFH brick ranch in Ladson and is going well so far. We live in Hanahan, so we are looking around here too. I agree with Tony, really like Hanahan area and out in Ladson as well. Happy to talk in detail about various neighborhoods and areas. Best of luck.

@Christopher Berkely, Welcome to Bigger Pockets and the Charleston area!  Loved to hear about what you are looking to pursue, and I'd love to discuss further.  Have a great week ahead!

Dan, 

We have used Brian Powers for the past several years.  He is very responsive as we have questions throughout the year and has shared suggestions throughout our tax planning sessions.  My husband is self-employed and we have rental properties, if that helps for context.

Brian R. Powers, CPA, CVA at Streetman, Jones & Powers, LLC

@Erin Shepard, welcome to BP and to the area! All the best going forward. Deals can be few and far between on the MLS, but as others have said, you can find your niche and work with others here to find deals that work for you. Take care!

My husband and I recently purchase our first joint rental.  We purchased it in our own names due to the better rate offer from the bank. 

With that being said, I appreciate the advice that indicates to designate yourself as the manager rather than the owner to tenants.  

However, I'm wondering how to do this within the rental agreement itself.  One must state the tenants' information of course; however, it also indicates the the owner's name and address.  I would prefer they not have my name or address.  The address I can get around with a PO Box, but I was curious how others did it. 

Could I create an LLC just for the management of the properties, or would I need to have a formal property management business for that (licensing, insurance, etc) to do that?

Any advice is most appreciated.  Thank you!

Welcome @Brian Anderson!  I second what @Russ Scheider said, and look forward to seeing you a local event.  All the best going forward, and you are in good company with that book.  If you check out the podcasts, you'll hear it shared multiple times.  All the best!