All Forum Posts by: Jake Mchaley

Thomas this is exactly my plan. I’m not afraid to run my business I’m just looking for advice from someone who has dealt with a similar experience in the past. Maybe they will have an idea that I’m not thinking of. Thank you

I can testify that the damage occurred within the last few months because I do a couple walkthroughs a year and it never had this damage from before. (She had a bad boyfriend move in that was abusive) did not get our approval of him moving in either

We are meeting tomorrow for a formal walkthrough. Her mom is a property manager and contacted me wanting the pre walkthrough condition paperwork and we never received it. My fear is that they will challenge the deposit ($2000) withdrawal. Claiming we have no proof of condition of property when she moved in. Well over $2000 in damages and lost rent at this point. 

Hello I have a question about a situation I have found myself in. I own a 6 unit apartment building that was purchased with inherited tenants. (Owned over a year now). One of these tenants recently gave me a verbal 30 day notice of move out. She cleared the property and allowed us to enter the property to measure for carpet the day before formal walkthrough. It is a mess and there is holes in the walls and doors. She hasn’t payed this months rent yet. We do not have a pre move in walkthrough because one was never provided at purchase. What advice do you guys have for this situation? Thanks

I have 2 units that just opened up and they are both going to need some work. One is going to need walls all new kitchen and flooring throughout. Please if any of you know a good Fresno ca contractor let me know. I really appreciate it. 2 bed 1 bath units 6 unit Appartment building that I just purchased and do not have any good contractor connections.

I chose Fresno because I knew that I wanted to manage my first few properties myself. My job is very flexible as far as shuffling my time around and I can swing into Fresno every day. I looked into several banks in Fresno but didn't strike a deal, my agent knew this community commerce bank was lending on 5+ unit properties in Fresno so we got in touch and it went smoothly from there.

here is an update on my progress with the property. We are working on the many deferred maintenance Issues as we go. We were able to rent the vacant unit for $800/mo very easily and we got a great tenant so far. 2 other tenants are on their way out (one rent was $580/mo and the other $625/mo) so we will get those 2 turned around and rented for $800 in a couple months. All the rest of the tenants are at $750 and will get small increases when their leases renew! I'm learning a ton and I am very greatfull that I was able to get such a good deal.

Art mimnaugh it was traditional in terms of bank mortgage but it is a commercial loan. Hay Nguyen I used a bank based out of San Diego called community commerce bank. They were awesome and it worked out great. 

yeah sounds good to me. What did you have in mind?

I have had some interest on who my agent is, and I would be more than happy to recommend him. His name is Dustin Ilic with Newmark Grubb Pearson reality in Fresno. If you are interested in multi family in Fresno or any of the Central Valley cities he will be a great asset to you.