All Forum Posts by: Hunter Terryn

Did you know around 70% of US households have a pet? Definitely a good idea to consider allowing pets, in order to access those renters.

$250-300 is reasonable for the non-refundable deposit. It just gives you a little extra buffer for damages that the security deposit won’t cover. 

Pet rent is a good idea too (anywhere from $10-50/mth/pet). We haven’t had so many people with the ESA thing, but I could see that being a challenge.

We always recommend you set limits/guidelines for the pets too. For example: 

maximum of 2 dogs, no cats

1 dog maximum, less than 30 lbs

Cats only, no dogs

Those are just some examples but you can decide based on your preference. 

Hope that helps!

Hey David,

Love the HUSTLE! 

Check out Evernest's youtube channel for some inspiration. Our Director of Marketing @Spencer Sutton has created thousands of hours of content over the years and we've gotten some excellent feedback/leads from it. 

Jason,

There's a reason we call it BRRRRmingham! Plenty of great deals here still and some excellent underlying trends (employment, property taxes, rent growth) that make this market attractive. 

Recently, with higher home prices and rising costs (materials, interest rates, etc.) it's becoming tougher to find that home run 1%+ deal. But with the expectation that rents will eventually catch up to prices and the hopes that interest rates will go back down eventually, many of my investors are finding great deals around .7-.9%. It's a long-term game! @Clay Collins is a pro at finding BRRRR deals.

Happy to chat more about property management, contractors, agents, rent comps, and anything else that would support your journey here! 

Feel free to DM me here on Bigger Pockets or contact me at the number/email below.

Quote from @Jason J. Biggs:

Quote from @Nathanael Jones:

Hi All! 

I will be moving to Birmingham Saturday for a new job and want to get involved in Real Estate meet-ups and meet fellow investors! I previously lived in Denver and loved attending meetings and connecting with local investors, but I have been unable to find anything in the Birmingham area! Does anyone have any recommendations?

I have experience buying my first investment property and am working with a partner to purchase 5-10 units in the area primarily though owner financing so I have a bit of experience but am looking for local connections!

Looking forward to meeting y'all!

 Try https://www.facebook.com/BhamI...  I attend these monthly meetups. You'll be able to connect with agents, property managers, lenders, investors, etc.

 I've been to these meetups with @Jason J. Biggs, lots of fun and super supportive network of RE professionals. Even competing agents/wholesalers/lenders are sharing contacts and advice. Excellent community of investors!

Hey @Leeor Kanor!

It’s nice to have you in Birmingham (and Huntsville)! Two excellent investment markets and overall great places to live!

I’m an investor, licensed agent, and property manager here in Birmingham/Huntsville and my job is 90% networking. Would love to introduce you to anyone you think would help in your journey. Also happy to share my experience/thoughts on any particular area. 

Feel free to reach out to me via DM or at the email/number in my signature if you want to chat!

@Robert Muzyka

I’ve worked with Harvey Trueblood of Let’s Do It Home Inspections and Marla French of Timberline Inspections.

Both excellent at what they do, reliable and extensive with their reports, and great feedback from clients I’ve referred to them.

Happy to share their contact in the DMs if you’d like to connect. 

BHM for the win!! Wife and I moved up here from Sarasota, FL for her residency at UAB. Bham has blown away our expectations and we’re proud to call it home for the next 4 years or so. 

People are nice, investments come at a great value, there’s plenty to do around town, traffic is reasonable, the airport is the fastest in the world to get through, and the food is off the charts!! 

A true hidden gem of the South and only room to grow!

Quote from @Cal Martin:

I live in an area that under most circumstances that doesn't currently cash flow for new deals and deals are selling at a higher premium than any other place in the country. I am looking for alternative markets to put my money into.

Through my research I've selected Birmingham, Memphis, and San Antonio as my front running markets.

Give me a 3 Bullet Point list on why I should invest in Birmingham

- Statistics are encouraged, however, I am also interested in the feel and vibe of the city and prominent areas.

Looking forward to hearing your responses!

Welcome to the Magic City! So many reasons to invest here and generally very good vibes.

1. 2nd lowest property tax rate in the country. 
2. Top 10 state for lowest unemployment rate. 
3. Top employers: UAB, Regions, Blue Cross Blue Shield, Shipt, Mercedes Benz, Alabama Power, and many more!

Wife and I moved up here from Sarasota, FL for her Psych residency at UAB. Was nervous at first just not knowing anything about the city, but couldn’t be happier and love this city. We’ve even made some investments here and plan to keep adding!

Let me know if you’d like to connect and chat more about the city. 

Happy Investing!

A few notes from my experience in Center Point:

-They had/have a requirement for separate business licenses (owners, PMs, and contractors), making it harder to start work in Center Point.

-They did/do annual inspections (similar to Section 8), where they pick apart maintenance and usually come up with additional fixes.

-Very hardcore about permitting. If they drive past a worksite they'll stop in and ensure the permits are in place. 

-Have heard horror stories of the city requiring that multiple points in the home be brought up to code, even if you are only working on one. Ex: HVAC replacement during rehab/reno, they then require plumbing and roof and other stuff to be brought to new code. 

**All this to say that there was a class action lawsuit (by owners and PMs) initiated sometime late last year that I believe is still in process. I do know that the initial result was a restraining order on the inspections and requirement for business licenses. Not sure if that's changed by now, but at least for some time they could not require those. 

Just like many areas in Jefferson County, it's a street-by-street neighborhood. I'd say the majority of it is fine, but definitely want to drive the streets surrounding your target property to get that true feel. 

Hi Kay! Congrats on taking the first steps! 

Would definitely recommend chatting with @Josie Brown. She has helped tons of investors in Toledo and probably has a lot of contacts for professionals in all different areas of RE. 

Happy Investing!