All Forum Posts by: Beau Watson

Thanks for the advice everyone! I ended up going with PMI management.

They are charging 8.5% of gross rent. But it is a sliding scale and the more doors and gross rent the lower their %

Also their tenant fee is only 85% of first months rent.

So far AJ has communicated very well and has been extremely helpful. I will report on how the relationship is going once we place another tenant.

Hey everyone!

Just bought my first small duplex and my lender is requiring I use a property management company because it is my first deal. This duplex is turn key in Covington, GA and currently has one side rented out. I budgeted 10% for property management. But all the ones I have called have a tenant placement fee of a full months rent. Some also have a yearly fee.

Can anyone recommend a property management company that would help with a duplex in Covington within my budget.

Thanks !

Great job dude!! Love Greenville! Originally from Asheville and we would travel down frequently. Good house hack and rehab! Lots of drive at your age!

@Alyssa Dyer

Because as I said I am new to investing I am unsure of price points and classes of the property. However what I do know is Atl area is much higher prices than the rest of the state. I am currently looking at a property in Columbus, GA for $225k that is a 6 unit.

I am estimating costs high every chance I get.

Management 10%

Maintenance 10%

Capital improvements 10%

Insurance I am totally guessing (waiting to hear back from insurance agent)

Taxes have been easy to find so far.

Mortgage rates I have shopped a bit and finding decent rates

If I can get 10% cash on cash ROI. I would be VERY happy.

Found a 4 unit in Tulsa for $259k. Full remodel in 2018 and rents are very good. Also want to explore that one soon.

@Alyssa Dyer

Not set in stone to stay in GA. I was hoping for my first rental I would be able to drive to it. However if the financials worked out for an out of state deal where management and tenant were already in place I would consider that.

@James H.

Pm sent

Evening BP!

I am a newbie looking for my first investment in the GA area. The podcast was suggested to me through a colleague that I am taking a class with. Since then, I have listened to almost 2 day for the last 2 weeks. I love the knowledge I am gaining! This came at a perfect time because I have recently sold a few toys and have a little extra money liquid. Have set up an LLC. Been prequalified for $350k. But with only $45k liquid I would like to stay under $250k. Looking for multi-family preferably. If anyone knows of a good broker that specializes in investment properties in GA I would be very appreciative!

Thanks and looking forward to jumping in with everyone!