All Forum Posts by: James Atkinson

Hey Devin, in my opinion you don't need a property manager for your bookings if you've got the automation in place to handle bookings and tenant questions. I know a few hosts who manage themselves, but it can quickly become very time consuming with every one-off maintenance issue. The owner I know uses a local handyman service they've built a relationship with to handle one-off issues that come up and perform regular maintenance, and it sounds like you've already got cleaning locked down. 

 Makes sense! It can work out great for both parties when set up correctly. Feel free to shoot me a message here if you have any specific questions on structuring it. 

Hey Chandra, applying part of the rent toward the purchase price motivates buyers by helping them build equity. However, if the buyer opts out, the seller loses that credited amount. Without rent credits, the seller retains all rental income, but the deal might be less enticing to buyers. A 2-year term works if the buyer is close to mortgage readiness and the seller prefers a quick sale. A 3-year or longer term gives buyers more time to improve finances, but requires the seller to wait longer. I've seen a people make this work successfully in Tulsa, you'd just need to be sure your goals align and the contract is set up correctly.

Out of curiosity, what interested you in rent-to-own? 

Hope that helps!

Full paint touch alone would probably exceed that cost. I spend close to that amount on cleaning fee's for my rental. I'm assuming this is for a long-term rental property.

New multi-unit investment opportunity right next to the TU campus in Tulsa! Message me on BP or by Phone at (918)-289-8499 for more information or to schedule a tour!

"3 bed 2 bath main unit, and a garage conversion to a studio apartment, you can decide your approach - live in one unit, and rent out the other, or obtain the property strictly as an investment!

Both units have recently vacated, and both are available to tour. The main unit rented for $1,475/mo, with tenants paying a $150/mo utility chargeback, and lawncare. The garage studio tenant paid $800/mo. Potential for higher rents are definitely there!"

Listing Price: $255,000

James Atkinson

Eagle Rock Realty and Property Management

Investors and Homeowners in Tulsa, how do you feel about the market in Tulsa overall right now? I'm trying get a few outside opinions from other investors in the area. What has been the biggest hurdle in the last few months and how did you overcome it? (Finding deals, the lending landscape/rates, etc). Thanks!

Hey Richard, if you're still interested here are a few options: 

Tulsa Real Estate Investor Association (Tulsa REIA)

https://tulsareia.com/

Oklahoma Real Estate Investors Association (OKREIA)

https://okreia.com/lander

Good luck with the investment journey! 

Hey Beth, most of the people I've seen in the space pay by wire transfer or direct deposit. I don't think it's uncommon to pay by check though. It should be a fairly easy process to set that up for the new tenant. If they're only willing to pay by check, it could be a red flag in my opinion. 

 That is roughly the same for my rental, I agree.

Hey Sam, I'm an agent in Tulsa. Depending on the condition of the property, $1500-$1600/month per unit on a duplex is reasonable. West Tulsa can be a tricky area of town, and isn't seen as a top area for renters just yet(specifically across the river). You may look at areas of Tulsa county that are growing and have new construction like Owasso or near the Rose District in Broken Arrow. Feel free to send me a message if you're looking for more detailed info. Good luck with the search!