@Jason G. this is a good thread. I began reading it when I was looking into Roofstock. This provided some great information. I currently have three rentals myself where two are, as I call them, accidental rentals. My first one I bought so my sister could have a place to live while going to school in AZ. It is now rented out (at a higher rent) by a non relative. Second accidental was the house I bought in 2004 and lived in until 2015 where I moved to another property and kept the other one with intention of moving back at a later time. Then came 2018 where I decided to buy a non accidental rental in Orlando. Now looking for a 2019 rental which brings me to my finding if Roofstock. 1. Do you ever visit your out of state rentals? The one in AZ and FL I do once a year (travel expense on the P&L) plus good places to vacation. 2. Your recent post you identified that clearing $100-$200 a month is a good amount and I agree. My PM in AZ who has 15 rentals in her portfolio had informed me that it is a good goal. 3. Another tip she told me was to save enough time for a few months of expenses (usually will take a year) then start putting some extra towards principle (if the house has a mortgage).
Though now I’ll look at potential properties using Roofstock, because of the mostly positive reviews in this thread, I’ll still take any good potentials from the PM I use in FL when I go down in a few weeks.
Thanks again for your detailed thread.
