All Forum Posts by: Caleb Sonneman

I'm a newer investor and own a long-term rental in Cape Coral, FL. There was a water supply line that got damaged during hurricane Milton, resulting in a $600 water bill. My tenants called the City to try and get it adjusted, and they pushed it onto me.

How would you handle the situation? Current lease agreement says tenants will cover utilities. I'd greatly appreciate any advice feedback on how to move forward. Thanks in advance!

 Thank you!

Hey fam! I appreciate your insights and feedback:

I have a single-family home I need to rent out long-term. I'm not getting a lot of traction with leads, and am bleeding money each month. I just had someone on FB marketplace reach out with interest. However, the profile thoroughly communicates they smoke a lot of weed. On my initial listing ad, I had nowhere mentioned it was a non-smoking residence. I have nothing against smokers personally, but do not want that smell to be imprinted on my property, long after they are gone. 

I am open to different perspectives too, if someone has had a positive experience with smokers, I am all ears!

Hello everyone! Looking for investors/developers interested in 127 acres in Kimberly, Idaho. The land is broken up into 1 acre lots with infrastructure already in place. All it needs are the curb, gutter, and asphalt (Phase 2), and houses. Asking $125k an acre. Reach out if you or anyone you know is interested!

Greetings all! I represent a client who is interested in building a Cricket Field on commercially zoned land. Does anyone have any experience with playgrounds or baseball fields? I would greatly value any insight from an insider's perspective. Thanks!

Hey y'all! I am a newer investor (1-mid, 1-long), and went to BPCON '23. Looking back I didn't get a whole lot out of it, besides a couple connections/networking and speakers giving good education. My question is, if I can read most of the information given at sessions, and network with people in my region, or social media, what is the benefit of taking 3-4 days off work and spending a couple grand (entrance, flight, food, lodging)? 

My impetus is acting with the knowledge I already have. Seems like a waste not having a lot of doors going to an event like that, but I am open to a broader perspective.

Thanks!

 Full access brother!

To name a few, free access to RentRedi, Tessa (rental accounting), invelo (off-market deals), kukun (rehab estimator), and a Home Depot discount! And I am pretty sure they will cover all the properties you need.

The calculator use is limitless as well. 

Hello Faiz! 

Call me biased, but I have been enjoying RentRedi through the Bigger Pockets Pro membership. Disclaimer: I do not work for BP, but it's been worth its cost! It's almost been my first full year using it, and the benefits are gold. RentRedi has a standard prequal app and an application to screen your tenants. They have connections with Zillow, Trulia, Realtor.com, and HotPads to list your properties. They make it easy for your tenants to be reminded of rent and pay, and notify you of maintenance requests. I haven't used other softwares out there, that I'm sure are great too, I just haven't needed to.

The Pro Membership also gives you access to unlimited use of the calculators, which is fire! (If you anticipate analyzing more properties)

Hey Michael! I have family in Coeur d’Alene. Love ID!

It’s hard to have a black/white answer for your question, because there are many variables. What is your goal? (Begin with the end in mind). How’s your risk tolerance? (More doors = more work/risk). At the end of the day, ID is a strong market, so as long as you get started, and stay in the market 5/10/20 years, you’re going to win.

My advice would be to start small, either a single-family or a duplex. The learning curve is dramatic, and you are going to learn A TON on your first property. Build off that, but the most important point, is that you get started. Get in, don’t fear failure, expect to learn, and pivot as needed. Good luck!