All Forum Posts by: Brandon Kamm

You should be able to get a historical bill from the utility company, at least here in Memphis you can. From several years managing close to a thousand units one thing comes to mind. Often times tenants are not mindful of being efficient with utilities, dressing up or down rather than keeping the thermostat set. That most likely contributes to most of the problem, the house not being very efficient could be some to. I don't know that you owe the tenant anything for that, that comes with the territory of begin a renter and not an owner. If you use a management company they should be willing to do some basic investigative work to ensure there are not any obvious problems that are causing this situation.

Thanks for all the info. We have a management company so many of those costs are reduced or eliminated. Here is a hypothetical of a couple we have done:

we bought a duplex for 22, rehab ran 10, done and both sides occupied bringing in 1100 combined. Purchased on interest only loc. The thought comes back to working to pay down property asap and own free and clear in a relative short period of time or to look to market and sell for a ballpark of 55,000-60,000 (would run numbers for competitive sales price obv). One offers quick cash return, the other long term.

IMO, tough to lose either way, just curious on how many of you would analyze these situations.

Once again thanks for the info. I tend to agree with many of j.Scotts points

I would always recommend working with a licensed agent when looking for representation in a transaction or when looking after your interests.

Brand new to BP, the site has some great information on the industry. With that I apologize if this is discussed many times all over the forums, but it is a question I come across on many properties we have acquired lately. With deals to be found these days many work out great as rent and hold or as flips. I was curious as to what many of you use as criteria in determining which route to go. If I have missed an area that discusses this in depth please just point me in that direction.

Agreed with you all, this will last a couple of years longer than most expected, these years should bring tremendous opportunity for investors