All Forum Posts by: Isaac Pepper

@Dave R Ludolph although it seems likely, appreciation is not a sure thing, or at least at that rate you've seen the last two years. Just keep that in mind.

Also, your HELOC terms may or may not require you to be an occupant of the property you have it on. If it does, this may affect your ability to move. Or at least what you say to your lenders.

Good luck!

@Matthew Reid

I make the tenants show proof of transfer from the utility department before handing over the keys. I also have the utility office call me if the tenants fall behind more than one month as the debt stays with the property for water and sewer in my area.

Hindsight is 20/20 but now you know what to do in the future! Good luck!

@Scott Kunz when I was in highschool I would take care of this issue for a man who had STR across the road from where I lived. I added another bin for the guests to leave their empty aluminum cans in and made hundreds more during that time.

Perhaps there is a 16-2? Year old nearby with a pickup who'd be happy to make a win win out of this.

Hope this helps!

@Eric Lake if the seller will drop 5000 without you viewing the property......imagine what they will drop once you've viewed it!

@Connor Steck

Money makes people serious. Performance makes people serious. Education is not in question like when trying to get hired for a W-2 job.

If your only reason for considering college is to get people to take you seriously, there is no need for it. You need more reasons to start, and finish college than to get people to take you seriously.

@Dan Sheeks

Hello Dan,

I think it's safe to say my largest obstacle is simply inexperience. I know this is vague and broad, but you dont know what you dont know. I understand I am very green and am always looking to learn from every situation, as everyone has something to offer. I would have done many thinks differently in hind sight, with both my residence and rental property.

Other than inexperience I am focused on finding/making deals off the MLS. Both of my current properties were found on the MLS. I have a specific area I'm interested in and am not afraid to make mistakes.

@Dexter Bowling Jr tough situation, but holding out for another 100 bucks a month seems like stepping over a dollar to pick up a dime. Your missing out on roughly $80 per day in rent. $1800 "lost" over 18 months is nothing considering you'll "lose" $2400 in the next month if you dont fill the vacancy.

I would try to get the tenant to sign for $2400 per month for 10 months if you feel that you can fill the unit mid-August next year. That way your not locked so long on $2400 Otherwise do the 18 months. Then you would be up in March. Then try $3k per month again.

Im not familiar with turnover with students but this is what I'd do for non-students. Hope this helps!

@Luis Martinez I take down info on small things in the beginning when starting the lease like pets names or children's names. Then I send a Christmas card and gift card made out to EVERYONE/ANIMAL.

@Frank Mwaisaka if this was a side by side you would have more ability to get away with this. Being a over under your going to have the upstairs tenants always complaining as heat rises. Seriously consider converting to seperate heating sources. Even if you only duct from the furnace to the lower unit and then install a mini split in the upper unit.

@Kaylee Pratt

1. Communication

2. Punctuality

In that order!