All Forum Posts by: Cindy Meyer

@Jordan Owens

Tried to send you a message, but think I messed it all up; therefore, attempting again here.

When looking for a PM, I think it is important to not only find someone knowledgeable and seasoned, but also someone whose thinking parallels mine.  I decided to go with my PM as he has many years of experience in the business, very strong knowledge of the area and is a former contractor.  He is firm, but fair with the Tenants (which is a business style I try to adhere to).

I currently am working for him part-time (so I can learn from the front lines) and have found my original assessment of him to be correct.  He does a wonderful job for me and his Tenants and Investors have much respect for him.

Just let me know if you would like his name and number so you can talk to him and see if he would be someone with whom you would like to work.

Cindy

One place that we have had good luck is at Restore, especially if you only need material for a smallish area.  Contractors will donate overages or "client changed their mind" stuff and you can get higher end materials for cheap.

Looks like there is one in your area http://www.rochesterhabitat.org/ReStore.aspx. 

Hope the right renter comes your way soon.  We're rooting for you @Meg K.!

Staying in touch is always a good idea; however, whether it is a text or a voice mail your contact will have much greater impact if you make it less generic.  For example, "Hi Mr Smith, this is Andre.  Wanted to check in and see how things are going for you and if you are still thinking of downsizing.  If so and you have not yet sold your home, I would really like to help you achieve your goals.  Look forward to speaking with you soon."   

That may be a sucky example, BUT it has been my experience that if you present yourself as being attuned to the person's needs and offering them an avenue to achieve their wants or solving their problems they will respond to you as opposed to ignoring you or contacting someone else.

I would definitely rent to a police officer, trooper or sheriff.  Of course, similar to @Anthony Gayden, I come from a family with police officers (and I worked for the local PD in my younger days).

There is also another perk in addition to those Anthony listed:  Extra patrol.  We have a few in my neighborhood and all their co-workers know it so we often get a "show of colors" even though we are in a remote part of town with large lots.  

Don't know how old you are, but I can tell you as you get older you will realize that although having a lot of money is nice what is even better is always being able to look back and know that you have earned it all by working hard and being fair to others.  That salesperson went out of their way to accommodate your needs - stiffing the company and jeopardizing his job is no way to repay that.

Should not even be a question in your mind. You have the appliances, you owe the money.  

If they are both over 62:  One thing you might look into is selling their current home and using the proceeds in conjunction with a Reverse Mortgage to purchase a home in Denver.

Here is a Kiplinger article on it:

http://www.kiplinger.com/article/retirement/T037-C...

It is from a couple years ago, but I am guessing that it is still possible.

I am being stupid (not a rarity) and not understanding your math.  Based on the numbers given isn't the profit $600/yr or $50/mo?  Or are you talking about a 12 unit building?

For $50 a month, you are really taking a gamble on not getting the 3 showers a day tenant like @Colleen F. talks about.

Here is the link to Nolo's take on Arizona law regarding this:

http://www.nolo.com/legal-encyclopedia/handling-te...

And here is that part of the law on the Arizona State website:

http://www.azleg.state.az.us/ars/33/01370.htm

Putting terms in lease that are against their state laws.

@Joseph Weisenbloom

Tried to send you a DM, but think I failed miserably.  Basically it just said "feel free to contact me if you have any questions."

Cindy