All Forum Posts by: James Andrews

Hi Everyone! I’m Jimmy, managing my first few properties in the Phoenix Metro Area. If there is anything I can help with or take a look at for you, just let me know as I’ve lived here my whole life and know the Phoenix metro area very well. The good, the bad, and the next great opportunities!

So interested to hear how the 1st year has treated you in Chattanooga. My wife and I are planning to relocate there or Knoxville in the next 30 days.

Currently, I wait for funds to clear for a property I manage from a Tenant I screened and selected to rent my 1st property in Phoenix, AZ. 

My client management skills transfer from another industry, but I admit I am “newish” to knowing what pitfalls that I have exposed myself to in the current transaction.

1st - I negotiated with the Tenant to pay their entire 1year lease up front. (These are the funds I am waiting to clear). I’m sure there are potential pitfalls that I need to be aware of because of this. Would love to get some feedback on what they could be and how I should protect myself going forward.

2. I’ve listened to about 20 Bigger Pockets Podcasts now and realize that I probably have an opportunity to leverage this money somehow that I received upfront and it would probably be a waste if I didn’t. Any suggestions there would help too. Trying not to squander this potential opportunity. 

Thanks!