All Forum Posts by: Gerald Dougherty

I believe it is steadily.com

I'm still in my first year as a real estate investing and continuing to learn and appreciate any thoughts on this:

I have a single family home in Castle Rock rented. Lease expires on January 21, 2024. I've reactivated my listing on Zillow with a February 1, 2024 availability date. I have an interested party that would like to tour the property. Not super confident that the house is going to be clean or not have a lot of clutter with current tenants moving out soon. Listing does have a virtual walkthrough and a lot of pictures so one can see exactly what the house looks like. What is customary in terms of how to handle finding new tenants when you already have someone living in the house? Thank you!!!

Is this service available to smaller investors than own just a couple properties and manage themselves or is just for larger property managers. Seems that you need a business website to sign up, which I don't have. Thank you!

Hi! we closed on our first rental properties earlier this month and are listing them through RentRedi, Zillow, and FB Marketplace. We used rentometer and BP calculators to determine appropriate rent, and are slightly below those numbers. I realize it isn't the best time of the year to be finding tenants due to holidays... That said, we have had quite a few people send us a message on Zillow stating that they want to tour the property, but once I send them our rental criteria and the link to either prequalify or complete an application, I never hear from them again. Seems weird that they'd want to schedule time to see the house, but won't fill out application. I'm trying to keep the process as simple as possible and respond to all messages quickly. Our rental criteria our pretty standard too - 650+ credit score, 3:1 income to rent, no evictions, etc. Any thoughts or tips are much appreciated. Thank you!!!

I recently got a heloc here in Colorado. Some of the major banks I checked with had suspended doing helocs due to "market conditions". I was able to find one a local credit union that went up to 80% and did not require a me to immediately borrow any money. Prime plus 3/4 I think it was. 

Hey everyone, just purchased our first rental property (SFR) and our excited to start our journey. If the house will be rent ready in mid-December, would you recommend a 15 month lease or so that it would renew in Spring? The rent calculator in BP as well as Rentometer both come in around $2,900 per month. Is that a good starting point in marketing for rent or would you go higher or lower? It also looks like Rent Redi is a good choice to manage properties, especially with it being free through BP. Appreciate any strategy tips.

It's been said a lot on the podcasts and forums, that while it's super convenient to search on-line for properties, it doesn't compare with seeing them in person. There were properties we thought for sure we'd be interesting in making an offer, but the actual condition of the house and/or neighborhood were much worse. Seeing a lot of properties in-person really enabled us to get started making offers.