All Forum Posts by: Brandon Obrien

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thanks

Hi everyone,

Moved to the Tryon area a year ago and would like to get to a meeting. Could you add me to the email list as well?

Thanks!

Thanks to everyone who has taken the time to reply. I never said I wanted to be hands on. I'm am asking this from a potential owners point of view wondering how I would know if the manager is doing a good job. That is my mindset at the moment. How do I choose the right manager and what is standard practice. I'm trying to manage my money not the tenants. I respect all the views given, agree with them 100%, and I suppose there wood be no way of knowing until the first year is up and the numbers are in. Ove course as an owner I would want as many windows into the performance of a management team to see if their performing. It is clear now contact with the tenants is not one of the ways. I'm learning from you all and thank you for it. 

This is all great feedback! Thank you! I definitely don't want them contacting me. Yes I am all bout this being a business and not wanting to be on a personal level with them. I will be out of state and in a different time zone. This all makes a lot of sense. 

Hi Greg,

That makes a lot of sense and thanks for sharing. Like I said I'm totally new to this and have not heard much from a managers viewpoint and appreciate your time in giving examples. I have no intention of making anything hard on a manager. However, just getting into this I want to make sure it goes smoothly and I have happy tenants and the management co is doing a good job. That's all. I want the ability to find out if I should change management before problems go on for too long.  Again thanks for explaining the other side for me. I appreciate it.

I'm trying to choose a rental management company for my first investment property. I was told by one company that they have a requirement that the owner cannot contact the tenant.  Its seems odd first to give up the ability to check in on what is really going on with the tenant manager relationship and second I sure would want to be able to inspect. I have not seen their contract yet. I only spoke on the phone. I may meet with them when I fly into FL for more detailed info. They didn't seem open to emailing the agreement to me ahead of time and that seems odd as well. Reasoning being they wanted to explain the details face to face. I would sure like to contact the tenant and find out if the management company is treating them well. Is this common? only thing that comes to my mind is they don't want me to find out if the tenant is not being taken care of. Being my first property I want to know as much as I can about how things are going. Should I even meet with them or move on?

Thanks,

Brandon

Thanks everyone! Hi Jonah. Curious why Sebastian gets higher rent. 

Thanks Peter. I have started to look at some of the new developments so I wont have many problems to get things started with as little headache as possible. Going to stay away from older condos for now.

Thanks Derek. Ill be in touch.

Hello BP,

Newer member and first post.

I have never purchased an investment property before and could use any info on Vero Beach and surrounding areas. 

I have been to Vero a few time as my mom lives out there so I thought it would be a great place to start as I travel there anyway. I'm struggling to decide what type of property to focus on. I'm leaning towards two or three bedroom condos or SFH as one could be used for an office with the new trend of remote working. Full time rentals with no vacation rentals at least to start. Problem I have is the HOA fees seem to make finding a high cash flowing place hard. I plan on starting with an all cash offer in the 180 to 250 range and finance more after. I'm looking to have high monthly cashflow over paying down a mortgage to start as I'm trying to transition out of the stone fabrication business and possibly move there myself in a couple years, so I want cash flow to make transiting easier. I plan to shift to an appreciation strategy more later. Hope to pick up about two a year for about ten years.

I'm completely open to Sebastian and Ft Pierce as well. Any suggestions would be greatly appreciated on management companies and agents. I don't ever plan on self managing. 

Thanks,

Brandon O'Brien