All Forum Posts by: Brendan Taylor

Quote from @Jeff G.:

Quote from @Brendan Taylor:

Yep. Been here before with Akron code and got a complete run around. Basically, I was lied to but of course this all happened over a phone call. Cost me a few thousand. 

Get EVERYTHING in writing. Do not communicate in any form other than email.

How long did it take you to resolve things? This has been an issue for over a year. I've done my part. Akron is just dragging its feet. I'm not sure what their problem is. The issues, such as they were, have been fixed.

My situation was a little different so I can’t really answer your question. It was an active rehab and involved a permit that was needed, then wasn’t needed, and then was needed again. They were quick with the inspections though. 

I would get an inspection scheduled in writing and if they don’t show you keep throwing that in their face if it becomes an issue again. 

Yep. Been here before with Akron code and got a complete run around. Basically, I was lied to but of course this all happened over a phone call. Cost me a few thousand. 

Get EVERYTHING in writing. Do not communicate in any form other than email.

Yeah. This happens sometimes. You can set up an online account to monitor the bills and tenants payment activity. This way you can track without seeing a paper bill. We check it 1-2 times per month and remind tenants to keep up with it. 

You could argue tenant never made you aware of the leak so it’s on them but normally that doesn’t get you anywhere. Try to set up a payment plan if possible. Best of luck. 

I understand being very picky with PMs as I probably micromanage mine to some extent but not to this level. I also handle 99% of repairs with my admin and my own list of subs. I let PM handle true emergency requests. This sounds like someone who needs to either handle all of their own repairs and let you handle rents/leasing or they need to self manage. 

Congrats man! Every property adds to the snowball rolling down the hill.

Quote from @Noemi Cser:

Quote from @Bob Stevens:

Quote from @Rhianna Cultrona:

Hi all! We are closing on a property in Akron. It is currently section 8 with a tenant in place. We have other properties that are not section 8 so we are familiar with the area. Our current PM isn’t taking new properties so we are thinking we might try to manage ourselves. This is risky since we are out of state so I am looking for pointers on how the transition works on a section 8 and really anything else you think could help my research. I was on the AMHA website and didn’t really find what I was looking for. TIA

 We have about 30 props in Akron, I would never in a million years even think about self-managing, why? Its like 100 bux a month, meaningless fee for them to handle it all 

Good luck 

 Hi Bob, who do you recommend in Akron that advertises your property on the Affordable Housing website?

 I just put them up on the AMHA search myself and put my PM as contact but I tend to be hands on.

If you are willing to pay market, buy a turnkey MLS property. Preferably vacant. Put your own tenant in.

Also, get it appraised like mentioned. Having a tenant in the property is not that much of a bonus. If anything it is often a negative. 

Quote from @Ryan Arth:

Quote from @Brendan Taylor:

Best way to analyze areas is to make a trip and drive around the city. If you are serious, this will be 100% worth whatever time and money you spend to do this. 

I could sit and tell you all zip codes I am comfortable buying in but Akron like many cities almost changes from block to block. There are areas in almost all zip codes I would buy in. 

 For sure, driving the area is always the best. And it is usually difficult to recommend areas without context, as you never know what price point and property class someone is targeting. Or what their risk tolerance is. 

His question was about areas to avoid, which was a little more specific than many similar posts asking about neighborhoods. 

For sure. Like most questions on here a lot more context is needed to truly answer correctly. 

Best way to analyze areas is to make a trip and drive around the city. If you are serious, this will be 100% worth whatever time and money you spend to do this. 

I could sit and tell you all zip codes I am comfortable buying in but Akron like many cities almost changes from block to block. There are areas in almost all zip codes I would buy in. 

House hacking is the easiest way to get into RE investing. That would be my suggestion. Not sure how long the commute would be exactly but sometimes you have to sacrifice some comforts for long term goals. Or find a house hack closer to his job.