All Forum Posts by: Dominic Arnone

My wife was recently accepted into grad school on the other side of the country. Looks like I'll be trying to rent out my place in Wheat Ridge, CO. We want to keep the property but plan on being gone for 3 years.

I'm a mortgage broker but I don't have any experience as a landlord. 

I know we can post on Craigslist, Facebook, Zillow, etc. I'd really like to know if anybody has other options that could make us more income than renting. The two options I'm interested in exploring:

1.) Short term rental. Does anybody know good full-service STR property managers in the Denver/Wheat Ridge Colorado area?

2.) Corporate rentals. I've heard this is an option to get a premium on rent, but I don't know much about how to market it.

@Mindy Jensen wrote the following post: https://www.biggerpockets.com/renewsblog/2014/12/0...

Mindy, was the $630 Broker Application fee something you had to pay and should it be added to the other fees you discuss? Thanks!

Once I pass the Colorado real estate licensing exam, I'm unsure of the additional fees that need to be paid.

Can anybody tell me whether I have to pay the $630 "Broker Application Fee" that's listed at DORA in the Application Fee section? I can't tell if that applies to applicants looking to hang their license with an existing broker or not.

https://www.colorado.gov/pacific/dora/node/92791

Thanks!

I'll be there!

After buying my first home this year, I realized how much overlap there is between engineering and real estate. 

I had some experience selling mortgages before I became an electrical engineer. Back then I saw the world as a salesperson and thought it was a numbers game. I was trying to create a good sales pitch and give it to as many people as I could.

Now I'm trying to build a system. I'm learning about all the individual components and looking for ways to be more efficient.

Engineering has helped me zoom out when looking for opportunities. I can see the big picture better now. Working as an engineer has taught me how to do all the things other engineers are talking about here: manage a project, work a schedule, make an economic analysis, solicit bids, work with a contractor, estimate costs, etc.