All Forum Posts by: Daniel Suarez

@Lucia Rushton Thank you! yes, one thing that worries me is that maybe we haven't thought about al of the possibilities to imrpove the place naturally. 

@Alecia Loveless, thank you. The trial is making sure the trial doesn't cost very much and that we have at least 50% of the current tenants agreeing if not definitely not worth it. That is awesome. Is your 8 unit in Oklahoma? Does it have any laundry units?

The only laundromat is about .6 miles, was thinking of maybe partnering with them as option b. 

Thank you so much Melanie! I will definitely take that into consideration 

Thank you @Melanie P.

I’ve been completely hands off letting my property manager take care of everything. I will certainly be a bit more involved in the process.

Another alternative I saw recommended was maybe doing Airbnb in a couple of units, also we don’t do any section 8 now. That’s sometbing i might want to explore as well 

@Scott Mac Thank you. That was my thought originally. The price of building something like that with electrical and plumbing might get completely out of hand though. 

Thank you that was my thought. 

We don't accept applicants with evictions. Yes, the manager strictly requires 3x the rent. No pets are allowed since it's a very small apartment. We haven't tried the 24 month lease. I don't know why 60% of the tenants just leave breaking the lease without saying anything. 

Oklahoma City, 73112. All bills paid starting at $795

Hey All, 

I have a one bedroom 16-plex that has been having trouble getting tenants and keeping occupancy for the past year, one of the feedbacks we mostly get is that even though the apartments are nice they want a washing and drying machine. 

Our manager suggested turning one of our empty units into laundry room to attract better tenants and charge them a fee to use it (that would pretty much cover the price of rent that the unit would get) 

Has anyone done something similar or any thoughts on this approach? Thanks in advance. 

Thank you so much Dave. I really appreciate your answer!

Hi all, 

I’m planning to do a 1031 exchange of a property under my name to another much expensive property that will need rehab. This new property will be also under my name but I’m planning to do a join venture with someone else to help me with the extra remodel costs. The property will still be under my name. Is this possible? 

If so, what would happen if in 5 years I decide to 1031 exchange the property again.

thanks in advance