All Forum Posts by: Bryan Henry

Hey Bigger Pockets! I am a landlord in Denver and I manage my own rentals.  To date I have used my personal cell phone as the way for tenants to call or text me.  I have not had any issues with this method so far, but I keep hearing about the benefits of a service like Google Voice.  I wanted to start a discussion and see WHY everyone thinks Google Voice (or a similar service) is beneficial, or if it is just easier to stay with my personal cell phone number for phone calls and texts?

Hey Everyone!

I am a new investor with two doors currently, and I wanted to start a discussion on how everyone is collecting application  and application fee's.  I have found that the canned applications on the websites (Zillow, cozy, rentprep etc...) do not ask all the questions that I would like to have on my rental application.  Because of that, I am thinking about moving to an application that I create and hand out to tenants.  Assuming it is reasonable to expect tenants to email the filled out application to me, the only major draw back I see with this method is how to collect the application payments.  I am trying to avoid receiving application payments in the mail, driving around town to meet tenants and physically picking up payments, and expensive property management software.  My current thought is to use quickbooks and send out email invoices that can be paid online.  This will then allow me to management my accounting as well as application payments and even rent collection all from one source, decrease the duplicate effort of having to manually enter these transactions into an accounting tool.

What is everyone else doing? Looking for any great ideas from more experienced landlords to simplfy this process!

I look forward to the discussion!

Great property! Did your permanent financing require any seasoning?

From my experience you have to wait 6-12 months before you can pull cash out and I was wondering how you worked around this requirement?

thanks @Ryan Davis, I will check out Cozy

Hey Everyone!

I wanted to start a discussion and get feedback from the Bigger Pockets community on what everyone is using for Tenant Screening.  I know there are some Property Management Software out there that have the built in ability to perform tenant screening, but I am a beginning investor that is not looking to invest in an expensive software.  My major question is what resource do you use for:

1. Tenant Application 

2. Tenant Credit Check

3. Tenant Background Check

4. Tenant Eviction Check

Thanks for taking the time to read and I look forward to the discussion!

Hey Bigger Pockets Forum! My question (and discussion) for everyone out there is this:

I am a new investor looking for my 1st deal. I live in the Denver Market and I would prefer to get my feet wet by purchasing my 1st property locally versus a property in another market that I would not be able to physically drive to. Because the Denver Market is extremely hot and properties are very expensive, I am very curious on what experienced investors are seeing on recent deals (within 2017) for CAP Rates, monthly cash flow, and cash on cash returns?

I am curious to compare my analysis results to what more experienced investors are targeting for their minimum CAP rates, monthly cash flow, and cash on cash returns to determine what a "Good" deal really is besides comparing to the average 7% from the stock market

Thanks and I look forward to hearing from everyone!