All Forum Posts by: Frank Shaw

@Stefano Mitrano I’d include them. If you don’t have them, then your tenants will leave at first chance. Make it comfortable and a place you’d want to live. Ideally tenants pay for their own utilities.

@George Hoover I agree, theres really so much that a property manager can do. It's a different story what they will do. Having policies and documentation will spell out expectations which is important for both parties. Thanks for your advice. I'll definitely give you a call. I'd love to learn about the OH investment property scene ;)

Hello BP Community,

I am looking to build relationships with real estate agents to gain experienced insight on different selling areas.

I would consider myself a semi-beginner with an ignited excitement in real estate. I am a serious investor:

• I own 3 paid off townhomes and carry 2 mortgages (30 yr fixed conventional) on homes in California. 
• Rehabbed some the properties I own. 
• Hired contractors.
• Gone through a 1031.

I want to find properties that I can implement the BRRRR strategy. I am bold and pragmatic. If the numbers work. Let's get to moving. Let's create a symbiotic relationship! I'm excited to meet you.

@John Warren I’ll be looking to putchase b/c type units. It looks like 1031 is the way I need to go.

@Brian Garrett Thanks for the response!

@John Warren thanks for sharing! I was thinking of moving some of my condos in california to out of state. With that, I want to make sure the property is taken care of for any reason (tenent in and outs, building issues, rent collection...) I’ll need to start small and find a property manager/management company that will provide their services to me.

I have no experience hiring a property manager. How much do they typically charge? What are their primary reaponsibilities? I believe their biggest benefit to a landlord is keeping it n top of rent collection and serving eviction notices ASAP. Also they can handle issues with tenants and provide quick attention.

Hi BiggerPockets community, I’m Frank, a part time real estate investor. I have been buying apartments and condos since 2008 and I have been fortunate to accrue 5 units (3 town houses and 2 homes) since then. I have been thinking about strategies of growing my real estate unit portfolio in size, but any way I looked, I was running into limitations (high LTV for conventional loans, expensive real estate with low cap, 1031) but nothing felt quite right until I came across the BRRRR strategy. I’d like to ask for advice on how I should go about leveraging my units. 3 paid off. 1 23% equity and the home value increased 150k, and 1 home with 50% equity, home valuw increased 50k. Please feel free to send a message if you’d like to connect in general. I’m excited to hear from you!