All Forum Posts by: Dave Poeppelmeier
Dave Poeppelmeier has started 17 posts and replied 480 times.
Post: Property management for section 8 property
- Realtor
- Maumee, OH
- Posts 489
- Votes 720
Quote from @Kevin Sears:
Quote from @Bob S.:
Quote from @Pouyan G.:
I'm interested in making a move into section 8 rental properties and ive been looking throughout ohio and a few other areas which will be remote from me. Do property managers charge different fees for section 8 properties? Will the property managers be present for the inspection or is this something that they generally wont do?
NO, I have purchased and sold 100s and 100s ,AND 100s and have done a 1k of move in and outs with sec 8 , all the same. Good for using a PM, I see so many that try and go it alone, it usually never ends well. PM fee is meaningless, about 70- 90 bux a month on a SF, let them handle all.
Good luck
Bob,
What property management company would you recommend in Toledo? Thanks!
Kevin
@Kevin Sears the company I work with, LaPlante Real Estate, we are a PM in Toledo that works mostly with out of town investors. Let me know if you need anything.
Post: Out of state investing for Californians
- Realtor
- Maumee, OH
- Posts 489
- Votes 720
Quote from @Mike Paolucci:
Quote from @Ashni Modi:
I am starting out my journey in real estate investing. I live in orange county, California where there is basically nothing under $1 million. Is investing in California still viable? Say if I have 100K available for downpayment, what are some markets for out of state investing? I would like to have a good balance of positive cash flow as well as appreciation. I have heard of Midwest but any recommendations for which cities to look into?
Hey @Ashni Modi.
I'm originally from San Francisco, CA and started investing in 2021. It was pretty hard to find properties where the numbers and landlord laws made sense which is what ultimately led me to investing in Columbus, OH. There's also other markets like Cleveland, Cincinnati, Dayton, Toledo that are also good markets to invest in.
The numbers and landlord laws out here made sense then, and they still do today. I've been able to get a healthy combination of both cashflow and appreciation from all my properties after a little TLC.
When it comes to investing in CA, be prepared for what is coming on the Nov ballot. It's called the "Justice for Renters Act." It's basically another reason why I choose not to be a landlord in CA. Here's the link --> "Justice for Renters Act"
Happy to share my experiences. Good luck on your REI journey and property search!!
Post: Muting the spam on Bigger Pockets
- Realtor
- Maumee, OH
- Posts 489
- Votes 720
Quote from @Engelo Rumora:
Quote from @Victor Soni:
Quote from @Engelo Rumora:
Quote from @Jay Hinrichs:
Quote from @Engelo Rumora:
Quote from @Jay Hinrichs:
Quote from @Ryan Pyle:
Bye bye Mr. Wise!
sub to guys pace and a few others.. .
Just in Orlando mate with Stamper.
Spoke about you fondly and how you saved my A$$ lol
Ended up and Justin's place till 4am.
Fun times and cool cat.
Also, Mihran pinged me via email and I said you suck and to not work with you hehe
I'm jealous, you throwing money around like candy.
What about me, it isn't fair hehe - What About Me
STamper is one cool dude.. Zombie flipper.. did you hit the oyster place he likes.
U know where to find me.. :)
We didn’t mate. Got into town late. Had podcast with Rod Khleif and a few meetings in Sarasota. I’ll ask him now about it
I would like to refinance all my properties, currently they have zero debt, and I want to use that money to buy more properties.
I live in Holland, Ohio, so I’m in your guys backyard.
… And if you guys have any deals that you would like to pass along, feel free to shoot them my way.
Thanks,
Victor
Croghan is local and does portfolio refinancing. Had a few commercial loans with them over the years 👍
I will second Croghan Colonial. Give Julie Spencer a call: 419-794-9399. I only buy in commercial loans anymore and she has done refinances for me as well.
Post: Is this a good market to invest in?
- Realtor
- Maumee, OH
- Posts 489
- Votes 720
Quote from @Account Closed:
New York
Los Angeles
Chicago
Houston
Phoenix
Philadelphia
San Antonio
San Diego
Dallas
Austin
Jacksonville
San Jose
Fort Worth
Columbus
Charlotte
Indianapolis
San Francisco
Seattle
Denver
Oklahoma City
Nashville
El Paso
Washington
Las Vegas
Boston
Portland
Louisville
Memphis
Detroit
Baltimore
Milwaukee
Albuquerque
Tucson
Fresno
Sacramento
Mesa
Kansas City
Atlanta
Colorado Springs
Omaha
Raleigh
Virginia Beach
Long Beach
Miami
Oakland
Minneapolis
Tulsa
Bakersfield
Tampa
Wichita
Arlington
Aurora
New Orleans
Cleveland
Anaheim
Honolulu
Henderson
Stockton
Riverside
Lexington
Corpus Christi
Orlando
Irvine
Cincinnati
Santa Ana
Newark
Saint Paul
Pittsburgh
Greensboro
Lincoln
Durham
Plano
Anchorage
Jersey City
St. Louis
Chandler
North Las Vegas
Chula Vista
Buffalo
Gilbert
Reno
Madison
Fort Wayne
Toledo
Lubbock
St. Petersburg
Laredo
Irving
Chesapeake
Glendale
Winston-Salem
Scottsdale
Garland
Boise
Norfolk
Port St. Lucie
Spokane
Richmond
Fremont
Huntsville
Tacoma
Baton Rouge
Santa Clarita
San Bernardino
Hialeah
Frisco
Modesto
Cape Coral
Fontana
Moreno Valley
Des Moines
Rochester
Fayetteville
Yonkers
McKinney
Worcester
Salt Lake City
Little Rock
Columbus
Augusta
Sioux Falls
Grand Prairie
Tallahassee
Amarillo
Oxnard
Peoria
Overland Park
Montgomery
Birmingham
Grand Rapids
Knoxville
Vancouver
Huntington Beach
Providence
Brownsville
Glendale
Akron
Tempe
Newport News
Chattanooga
Mobile
Fort Lauderdale
Cary
Shreveport
Ontario
Eugene
Aurora
Elk Grove
Salem
Santa Rosa
Clarksville
Rancho Cucamonga
Oceanside
Springfield
Pembroke Pines
Garden Grove
Fort Collins
Lancaster
Palmdale
Murfreesboro
Salinas
Corona
Killeen
Hayward
Paterson
Macon[v]
Lakewood
Alexandria
Roseville
Surprise
Springfield
Charleston
Kansas City
Sunnyvale
Bellevue
Hollywood
Denton
Escondido
Joliet
Naperville
Bridgeport
Savannah
Mesquite
Pasadena
Rockford
Pomona
Jackson
Olathe
Gainesville
McAllen
Syracuse
Waco
Visalia
Thornton
Torrance
Fullerton
Columbia
Lakewood
New Haven
Hampton
Miramar
Victorville
Warren
West Valley City
Cedar Rapids
Stamford
Orange
Dayton
Midland
Kent
Elizabeth
Pasadena
Carrollton
Coral Springs
Sterling Heights
Fargo
Lewisville
Meridian
Norman
Palm Bay
Athens
Columbia
Abilene
Pearland
Santa Clara
Round Rock
Topeka
Allentown
Clovis
Simi Valley
College Station
Thousand Oaks
Vallejo
Concord
Rochester
Arvada
Lafayette
Independence
West Palm Beach
Hartford
Wilmington
Lakeland
Billings
Ann Arbor
Fairfield
Berkeley
Richardson
North Charleston
Cambridge
Broken Arrow
Clearwater
West Jordan
Evansville
League City
Antioch
Manchester
High Point
Waterbury
Westminster
Richmond
Carlsbad
Las Cruces
Murrieta
Lowell
Provo
Springfield
Elgin
Odessa
Lansing
Pompano Beach
Beaumont
Temecula
Gresham
Allen
Pueblo
Everett
South Fulton
Peoria
Nampa
Tuscaloosa
Miami Gardens
Santa Maria
Downey
Concord
Ventura
Costa Mesa
Sugar Land
Menifee
Tyler
Sparks
Greeley
Rio Rancho
Sandy Springs
Dearborn
Jurupa Valley
Edison
Spokane Valley
Hillsboro
Davie
Green Bay
Centennial
Buckeye
Boulder
Goodyear
El Monte
West Covina
Brockton
New Braunfels
El Cajon
Edinburg
Renton
Burbank
Inglewood
Rialto
Lee's Summit
Bend
Woodbridge
South Bend
Wichita Falls
St. George
Fishers
Carmel
Vacaville
Quincy
Conroe
Chico
San Mateo
Lynn
Albany
Hesperia
New Bedford
Davenport
Daly City
Post: Will a D-Class 4-Plex in Cleveland make you Money?
- Realtor
- Maumee, OH
- Posts 489
- Votes 720
Quote from @Russell Brazil:
Quote from @Andrew Fidler:
@Moderators How do we "Unfollow" or "Unsubscibe" so we don't get multiple alerts for the daily spam post listing every city in Ohio? Do we have to simply turn off our notifications by town so we are unplugged from BP?
It's getting to that point for me.
Change your keyword alerts. You have them turned on for Classified section. Turn that option off.
Post: 1 house or 2 units
- Realtor
- Maumee, OH
- Posts 489
- Votes 720
It all depends on what the Student Housing environment is around your school. Off campus housing is sought after because you have more space and it's not a dorm. To essentially re-create a dorm space would be a big turnoff, and it will not sell in the future to anyone that isn't trying to do Student Housing. I would find out what rents for a 5/2 would be vs the 2 2/1 units. If there's not a HUGE advantage to having the 2 separate units, then stick with the 5/2, renovate it so it's solid, rent it out and call it a day. With that being said, there's a lot more that goes into Student Housing if you haven't done it before. Look up past topics that I and @Will Gaston have commented on in the past for some good tidbits. Best of luck!
Post: Looking for LENDER in OH
- Realtor
- Maumee, OH
- Posts 489
- Votes 720
Hi Megan, @Chris Wharton with First Ohio works with Investors all over Ohio. He's been my go-to for a while now. Best of luck!
Post: House for sale
- Realtor
- Maumee, OH
- Posts 489
- Votes 720
Thanks for the sales pitch, do you have an actual address?
Post: Student Housing Market
- Realtor
- Maumee, OH
- Posts 489
- Votes 720
Quote from @Jason Bullock:
I am interested in MTR for students near colleges and universities. I am wondering if during the time students are in school one is able to rent rooms for higher than normal market value.
Any articles, insights and or comments on these are is appreciated.
Man, there is a lot to go into on this simple question. It all depends on the college rental culture. At some schools the students stay year round, others are 9 month leases. Some provide furnished houses, others don't.
I would not put Student Rentals in the same category as MTR. There is a lot more hand holding and hands on management with Students, the leasing season is much different, as @Melanie P. mentioned you have to get repairs done between groups, etc. The only way I would see this working is if you find a school that:
1. Has a culture where Students move in in August and move out in May
2. There is a market for providing furnished houses (International students and wealthier students)
3. Has a STR demand outside of the University in the summer (major metro area with tourist demand)
If you can find something like that, and someone competent to manage all of that, then I would say go for it. In my experience, we don't have that, and it's much simpler (if Student Housing can be considered simple) to just do Student Housing and not try to squeeze every possible cent out of a property.
Post: Are below 6% mortgage rates and a tsunami of buyers and investors coming in 2024?
- Realtor
- Maumee, OH
- Posts 489
- Votes 720
I don't think it moves the needle regarding owner occupied buyers until rates hit around 5% again. Obviously, millions of people are sitting on 3-4% mortgages, and the people that aren't remember those rates in the not too distant past. In the single family investment space, the first time homeowners still aren't moving up to their 2nd home because of the affordability issue that people have mentioned. Regarding Investors, especially in Multifamily, it never stopped being competitive here in Toledo, especially with investors holding onto their MF properties in anticipation of the upcoming recession. The only ones that are hitting the market here are run down, have low rents, or both. Same with what single families are available, in that if they're nice and priced correctly, they're gone regardless of what the interest rate is. It feels like we need to get this next recession over with to see what the new normal is going to be on the other side.