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All Forum Posts by: Anurag Pulla

Anurag Pulla has started 9 posts and replied 21 times.

Post: Retired prospective tenants

Anurag PullaPosted
  • Posts 22
  • Votes 7

Thank you guys, this was helpful! 

Post: Retired prospective tenants

Anurag PullaPosted
  • Posts 22
  • Votes 7

Hi everyone,

I was hoping I could find some advice here on renting to prospective retired tenants in their 70s. The prospects have great credit score and savings but don’t have a monthly 3x. I am not sure how to consider this application, maybe take more deposit? . Any tips would be greatly appreciated. Thanks in advance 🙏


- Anurag 

Hi All,

I'm a new investor and this is the first time a tenant left my property (3b/2b 1600sqft) in GA. I was wondering if you could help me understand if this estimate is fair. The PM said they would try to collect the funds from the tenant but I have to pay this out of pocket for now. I am not sure if this is a usual case but I want to do some due diligence. The tenants already paid 2 month fee for early termination and we hold a security deposit of ~$1800. Here's a quote I received from the property manager, any insights would be really helpful.

Thank you so much in advance!

Estimate for rehab:

Painting - Touch up-Paint "ALL", walls, closets, pantry, Interior & Exterior doors, stair railing & banisters, fireplace mantel, interior & exterior trim, ceilings and trim as needed. (REMOVE EVERYTHING FROM WALLS & DOORS) "We will do our best to match paint up on touch ups" 1,610.00
Kitchen - Replace grease filter 35.00
Family and Living room - Replace two (2) bulbs and replace draw string at fan $32, Replace two (2) 2" faux wood blinds $150, and Replace 2 outlets $60 242.00
Master Bedroom - Replace interior door $225 and Replace one (1) 2" faux wood blind $75 300.00
Front Left Bedroom - Secure closet door knob $5, Replace door knob on entry door $20, and replace door stop $5 30.00
Master bathroom - Replace interior door $225, Clean exhaust fan $50, Replace toilet seat $30, and deep clean tub/shower $125 430.00
Hallway bathroom - Replace mirror $75, Replace stopper and drain kit $60, deep clean tub/shower $125, and Replace toilet seat $30 290.00
Laundry Room - Add door stop 5.00
Dining Room - Replace one (1) 2" faux wood blind 75.00
Flooring - Steam Clean Carpets $275 and Stain Removal $30 305.00
Hallway - Replace outlet cover 5.00
Cleaning - deep clean of home including inside vanities and cabinets $375, Appliance clean $250 625.00
Trash Out - Remove all trash/debris from interior and exterior of home 525.00
Garage - Replace and program 2 garage remotes 110.00
Misc. repairs - Replace smoke detector batteries $30 and Replace HVAC filter $25 55.00
Landscaping - Grass cut $75 and Mulch flower beds $100****Further Evaluation Needed See Below**** 175.00
Total cost of work to be performed: $ 4,817.00

Post: High yield savings account ?

Anurag PullaPosted
  • Posts 22
  • Votes 7

This website gives you a good comparision - https://apy.fyi/

I live in the west coast, I would love to attend if it’s virtual. 

Hello everyone,

Just curious on how you are managing keys if you are self managing your rental property remotely.

Regards,
Anurag

Post: Managing property showings

Anurag PullaPosted
  • Posts 22
  • Votes 7

Hi everyone,

I'm a relatively new investor with a couple of units and I am planning to move away from my property manager. I live in a different state and my big challenges were management, maintenance, move-in, move-out inspections and showings.

I did some research for software and I think rentredi is a good start for management and there's an option to work with latchet for maintenance. I think I can find some companies for doing the inspection as well ( Need to figure out.. problem for later since PM is handling it currently). So I think the only unknown for me is to deal with property showings and handling keys. I can market and publish listings with rentredi but I don't have a way to show the property to prospective tenants, how do I handle this?
I have read about hiring a realtor but I think they charge 75% of first month's rent, but I think just showing itself will do it since I can pay a premium and publish in many websites. Might be wrong here and that's something I'd want some advice as well.
Having an open house and paying per hour for the showings probably suits me but how do I find them and how do I handle the keys? Would be really helpful if I'm able to figure out this final piece to move away from PM.

Thank you so much in advance.

Regards,
Anurag

Hello everyone,

Is there a guide for managing a rental property, any 101's , best practices , do's and don'ts etc. Something like this would be really helpful.


Regards,
Anurag

Hi everyone,

Rookie investor here, I have two properties in atlanta and I live in the west coast. I am planning to break up with my property management and I'm looking for advice on the best property management software. Biggerpockets recommends rentredi, looks cool but looking for any feedback. Also I am taking a leap of faith after fellow biggerpockets members suggested I could market on my own. 

It would be great if you guys could give me some tips on how to find a good tenant soon. I know we can list a premium with rentredi on zillow and few other websites but again, looking for recommendations/personal experiences.

Thank you very much in advance!

Regards,
Anurag

Thank you everyone, really helpful inputs!