All Forum Posts by: Heath Sizick

Hi Gina, not sure where things are at since your post is 3 days old. I would echo the others above who urged you to move to eviction ASAP. 

You may have trouble finding a property management company to jump in & resolve your issue. An attorney is wisest & executing what is written in the lease. 

I am sure you are learning from this. The day a tenant is late we issue a 10-day pay or cease & we hold to it strongly. In 4 years we have yet to have an eviction go to court. Your systems & processes are key!

Best of luck to you. 

Welcome Wendy. Great goals! BP's is a great resource & opportunity to connect with people. I am sure you can find some local networking meetings in your area as well in here. I am from Saginaw but moved away years ago so I don't have any connections in Michigan any longer. 

Hey Robert, yes it is!!

Hey Sterling, welcome to BP. I am not in the triangle area, but Wilmington-area. I will keep my eyes & ears open. I have met some folks on here - I will send you an email if I can find them. 

I looked into college rentals in my area but the properties near campus really aren't conducive to it. They are mostly 3-BR ranches. My son attends a more college-town university & lives in a 7 bedroom house & there are many like that up there. Turning a dining room or another room into an extra bedroom is one way to increase the number of students in the property. But like everyone else said, 2 per-room is dated in most places & generally prohibited by the city ordinances (if unrelated which they will be).

In regard to rent, go to campus or get on the school's website for student housing. Some will have a specific off-campus housing page. You can get a feel for rent that way or network with property managers, campus staff, or even as you meet students - you can ask them what they are paying. 

Students are also use to signing a 12 month lease. I wouldn't pay for cleaning, I would just have a solid lease with expectations & also do quarterly or minimum 6 month inspections. 

Best to you!

Welcome to BP Tara. This is the place to be to learn & get connected. I'd encourage you to find local meet-ups & networking opportunities. As you talk with more people I trust it will help you narrow your focus & help you make your first investment. 

I love Charleston! Have friends & family there. If I know or hear anything REI-wise I will let you know. Best to you!

I appreciate this post. We try and do the same - we want the home to be completely vacant & rent ready before we do the final walk through & take photos. It really does remove the variables that could come back & bit you. 

We have made a few exceptions & fortunately we haven't ran into any issues (yet). Usually these exceptions are for newer homes at a higher price point which provide minimizes some of the risk, but not all of it. 

I tell our clients, how fast we list your property depends on how rent ready it is when you hand the keys over. Best to you!

Welcome Landon. I will let the more expert investors answer your questions. If you have any property management questions I would be happy to help. Best to you!

Hey Kevin, NC is a very landlord friendly state. I am assume you like Fayetteville because of Fort Freedom there. I am near Camp LeJeune in Jacksonville. We do a ton of business with Marines. Let me know if I can be of any help. 

Welcome to BP Valerie from Wilmington. There are plenty of people in here from the triangle. I am sure you will get connected. Best to you & I hope you leave your W2 sooner than you even planned.