All Forum Posts by: Gabe Waldrep

@Brian Varmuza if I have viewed the property then I will include a quick blurb about the amount of work or updates needed. Most agents are aware of the work needed though. So don’t spend too much time explaining your reasoning.

I will often mention that I am or that I represent an investor who likes the area, has bought in the area, or something along that line. Some listing agents get offended by the low offers, and some just move on. Expect some backlash and take it in stride. Let them know you’re just basing it off of the numbers.

@Sophie Maisel yes, install the bathtub and any plumbing or electrical rough work first. Otherwise they will have to cut into your new drywall.

@Darrius Harris it’s good etiquette to let your title company know ahead of time so they can notate the file and plan ahead.

You can have the title company do a mobile close. They can send the documents ahead of time to a local notary who can meet up with the sellers, have them sign in person and verify identity and signatures, then send documents back to the title company.

What is the sqft of the house? 185k is about average for that zip code.

Hi Godwin. From an investor's perspective, I don't think it is bad, in fact I would recommend it. Realtors typically have focus areas they farm and watch over. Some have access to off-market properties, some do not. Each has their own wholesaler contacts and strategies. Each has their own experiences, some more hands-on than others. You want them to bring you as many deals as possible based on your parameters and wants. Happy hunting.

Hi Charles, welcome sir. I'm in the DFW area if you need anything. Like Ian said, Get It!

I have had some experience with properties similar to this one. #3 - we tried a similar treatment on the carpeted ares but ended up having to replace the wood/subfloor after removing the carpet.

#2 - the problem with baseboards, trim, and sheetrock is they are porous. So even though you pressure washed them until they gleamed, it doesn't remove the urine that soaked into the wood. You may need to replace all of the baseboards. And we had to cut the sheetrock about twelve inches from the floor and replace it because the sheetrock had soaked up the urine. You can use Kilz on wood and sheetrock, but it will not solve the issue on heavily-soaked areas that have been exposed to the urine over several years. I know you have already put in a large sum of money on cleaning and renovations, but this is something to consider.

Also, consider having a service clean the ductwork and whatever HVAC system you might have. That smell can soak into these areas as well. 

What about doors? Often the bottoms of interior doors have some buildup as well. 

No jokes here. Cat urine is the worst, especially when it has been building up over the course of several years. Good luck to you sir.

To me that would depend on your desired level of involvement. Once you give them your personal info, you add yourself to their list of whom to call when they have a problem. They will turn to you after hours and holidays when your managing company is not available to answer the phones. If you don't mind taking maintenance calls and late rent calls, then go ahead. But I would advise against it. This is why you pay a management company.

As an alternative, you could create a survey that you send to them once a month (or more frequently if you think necessary). Use this survey to ask how many maintenance needs they have had, how many calls they placed to the management company, how quickly the response rate is, was the need addressed, etc. You can send this survey by email or setup a dummy number used for text only that sends the survey. Just a thought.

Hi Brett, let me know if I can help.