All Forum Posts by: Chris Allen

Hey Emily,

Have you spoken with Ryan Lane on Main Street in Aztec? I’ve used him before and he has done well for me, I’m just not sure of his availability lately but it sounds like he would be able to take care of what you are wanting. Also bigger pockets does sell Nm lawyer reviewed leases.

I’m no expert and this is my opinion but as long as the lease allows (month to month) you should be able to increase rent and have them pay utilities without worry of discrimination because like you said there is more wear and tear and more utility usage. My suggestion would be to give them 30 day notice of the increase. Legally  You don’t have to give a reason for the increase and that would be my suggestion. From a business standpoint it may not be a bad idea to move the rest of your units in the same direction.

Hey Noemi, in my opinion the most important question would be to ask, if they are an investor themselves or possibly if they deal with property management and could possibly provide some expertise in that area. I stumbled through tons of Realtors before i just wound up getting my license myself. The realtor you choose needs to be ok with submitting tons of lowball offers and having most of them rejected which can be a lot of work for them. They also have to be ok with showing you tons of dilapidated properties sometimes on a moments notice as the good properties from the MLS can be gone very quickly. As an investor i learned that most Realtors don't comprehend the investment side of things and are more interested in selling to actual home owners for higher dollar amounts per transaction (less work more money). While you may be able to train a good realtor by providing them with what exactly you look for in an investment property, i would start by looking for one that owns investment properties themselves. And possibly even searching bigger pockets members in your area who may be a realtor or who have already located a good one. Good Luck!