All Forum Posts by: Phil Mcnally

 I would appreciate some contacts if you would like to send them.

Thanks...Phil

Hi

I am looking for a property manager in Columbus OH. I am out of state and been a rental investor since 2008.

Hope this is the correct place to ask. Let me know.

Phil

I was just thinking about this also. How would I try to force rental property into the four sectors of the Permanent Portfolio designed for Prosperity/Recession/Deflation/Inflation. I see several possibilities...

Stocks/Prosperity - Positive
Stocks are doing well. Low interest rates. The economy is doing well. People buy houses and the price goes up.

Bonds/Recession - Negative
Stocks slump. The economy is shakey. Lending tightens. House price goes down.

Gold/Inflation - Positive
Inflation is too high. Everything gets more expensive. Houses price goes up... but unaffordable? Rents go up also

Cash/Depression - Negative
Stocks crash. Everyone loses their job. Great depression. No money. Sell assets. Property value drops

Over all I would say rentals are mostly in the Stocks/Prosperity section but with some overlap into Gold Inflation hedge. A low, fixed rate loan is more valuable as interest rates rise and therefore inverse to bonds that lose value as interest rates rise. Bonds/Recession seems most opposite. Cash/Deflation all bets are off I think but not good as assets are sold in desperation.

Overall though the permanent Portfolio is very resilient against draw downs while providing better than cash only returns. I think it is a solid choice when saving for future property.

Exactly Aj. The tenants not paying for months are also not talking and will now sign anything. I now have three tenants that did not paid for six months (each) and have now left. Total missing rent around $15k total make ready for new tenants around $10k. No way to apply for assistance.

Now on the flip side we have refinanced all loans from an average of 4.9% down to 3.15% fixed that should pay back nicely in the future.

I am just fed up seeing all the headlines about available rent assistance and eviction bans when we do not have a way to claim.

Thanks Ying. All fair points.

Oh dear CDC eviction ban extended until July and no way for landlords to get any rental assistance unless the tenant agrees to join in. Impossible if your tenant has already run away or refuses to talk.

I did have a look Carlos but it requires tenant input...

2.Your renters must take steps to verify that they meet eligibility requirements and sign the application

Yeah frustrating for all of us.

I am curious if there actually is cash flow in properties here.

I am trying to work out if there is any Rental Assistance program that the Landlord can apply for that does not involve the tenant. EG Tenant did not pay for six months then disappeared leaving a $5k make ready.

I have not found anything that would cover this. At least they have gone.

Cheers...phil