All Forum Posts by: Brenda Henry

Thanks guys for all the input.  Some great tips, I appreciate the advice. 

Brenda

@Anthony Katsonis thanks!  I met the wife during property inspections and she is aware that I am the new owner.  I'm doing my best to ensure I follow all the procedures that I need to.  Very excited to step into the role of landlord.

Brenda

@Luat Cao 

Thank you!  I just found a notice of change of ownership form to give them.  

I am set to close next week on my first duplex property in San Diego!  The unit I will occupy will be vacant at close.  The other unit has tenants that have been in place for 3 years, paying market rents and on a month-to-month lease.  I have done my due diligence on the tenants, would like them to stay, and the previous owners have a thorough lease in place that I don't feel I need to make adjustments to.  

What is the best way to proceed?  Give tenants an introductory letter with contact information and a new month-to-month lease with the same terms?  California locals, can you advise...I understand there must be a 60 day notice to END a month-to-month tenancy, is there a same 60 day notice required to have them sign a new lease, or is it 30 days notice?

Brenda

David- PM me if interested in the broker's info, I am in escrow with a broker on a multifamily (owner occupied) property, 5% down with no PMI. Nobody else could do it for me, I was given his info by my agent/friend who recently closed with him.

Jarod,

I just spent the past weekend in Birmingham viewing properties and getting an overview of the layout of the land.   I would recommend @Michael Stephens and his wife Hope Stephens as a team to reach out to.  Hope is a RE agent and Michael has spent years managing rehabs in the city.  They have a wealth of knowledge about the city and its neighborhoods and are incredibly hospitable to boot.  

Best of luck,

Brenda

@Lauren Bergon just curious how did you end up?  Looking at properties in Birmingham this weekend and hoping to make some solid connections. 

@Nathan Gesner

Who did you open HELOC with? We all want to shop with you lol

Hello Steven!

Welcome and hello from San Diego! I joined BP a few months ago, my goal was to be ready to buy my first out-of-state SFH rental property by 2020. I've made some amazing connections here already and am heading to Birmingham and Huntsville, AL to meet with potential team members and lock in my first investment! The community and resources here have accelerated my confidence and timeline! Keep active, keep posting, keep learning.

Brenda Henry