All Forum Posts by: Brian Phelt

Welcome to BP Wes!   Do a search on the site for the local meet ups here in town so you can start meeting folks.  We have a great community of investors here in SA.   

Reach out if you would ever like to grab coffee and chat.

William,

I know I have sent you someone in the past for painting but I also have a GC that can assist you with this one if needed.  PM me for the contact info if you are interested.

Thanks.

Welcome to BP Gerardo!   You have come to the right place to learn, and meet great people.   Don't hesitate to reach out if you have any questions.

Best of luck.

Lashad,

As others have stated it varies per Company.  Some charge a flat rate, and others do a %.  We do a 10% of collected rents, and that number decreases if the owner gives us more than 3 doors.   Reach out if you have any other questions, and best of luck as you start investing.

Let me be the first of many to welcome you to BP Robert!  I used to live in La Vernia back in the early 2000's.  Such wonderful area that is growing a lot!   

Keep getting involved here, ask as many questions as you can, and connect with people to ensure you get the knowledge that you need.  San Antonio has several investor meet-ups (do a quick search to find out when/where)

Best of luck on your endeavors!

Hello Marcus,

Speaking from the property management side, its relatively easy.   We treat it the same way as if you didn't live thee.  The key is making sure the other tenants know not to come to you with any issues should they arise. 

Feel free to reach out with any other questions that may arise.

Best of luck on your endeavors!

Hello John,

Yes there are properties in those areas that can cash flow.   It all depends on what you are wanting and how much you want to spend.  I recently did a deal for a fellow BP member on the far west side and she will be cash flowing on it even after our management fee.   There are not a lot of multi-family in that area, but they can be found.  

Reach out if you have any questions, and best of luck!

Hello Ethan,

I send you some contact info.

Hello Jackson,

I'm sorry to hear about your situation.  As a property manager it's always disheartening to hear these kinds of things, because most people will then assume we are all this bad.   My advice to you would be to use this experience to create a checklist of what to seek from the next Company you choose to handle your investments.   You can never ask too many questions when asking someone to handle one of the largest investments you will ever make.   A lot of the items you mentioned I feel would have been caught before signing up with the proper screening.   A great place to start when looking for management companies, as previously suggested, is www.narpm.org   Being a member doesn't guarantee that they won't be bad, but Companies who invest the time in being involved in the organization and becoming educated seems operate at a higher level (my opinion of course).   Our membership has proved to be invaluable for our business.

Reach out if you have any questions as you move forward, and keep you head up.