All Forum Posts by: Jarret Sa'o

@Lynn Milos Everyone listen to Lynn! She’s a great contact for the area. Bought my first property with her and the experience so far has been great, cashflowing In year 1 :)

@James Wise thanks I used this when I first got to the Ohio area. Good link to have handy.

@Melissa Perez yup I agree. I live in CA and invest out of state because it goes a much longer way then trying in a very pricey CA. For my non TK property I inherited a tenant living there already but the place was already in great shape. No minor or major issue and because some cities in Ohio has that point of sale inspection I just made sure that was clear before I purchased it so everything that needed to be fixed got done and signed off by the city inspector. I did get a detailed inspection report of the property so as soon as the tenants lease is up and they decide to not renew I’ll be sending a crew in to do some upgrades to bring the place more up

To date and bump the rent to market rates. The realtor I worked with has a general contractor that I worked with to get some things done on the outside of the property. I’ll use him again for all interior things also once that time comes. My realtor will manage the project when we do that and I’ll pay her a flat rate to be sure the GC sticks to schedule and budget. Then I’ll pay the GC directly for their work. Will keep you posted on that experience when it happens for sure. For future properties I might head to other areas since I’m now familiar with the surrounding areas but I’m really looking for an appreciation Play for my next one vs just cash flow. So maybe even head to another state to look for a good appreciation property would be cool. Good luck with your property and keep in touch!!

@Melissa Perez I went with Martel TK and at that same time I linked up with a realtor on here and I went and found another place in Euclid. I was juggling both deals at the same time learning the differences between the 2 strategies (TK vs finding a prop on ur own and getting a realtor/prop mgmt all urself). I saved about $20k doing it on my own vs a TK company. Both strategies have their pros and cons but I think I like the doing it on your own part because the money you can save yourself. I almost went with R2R also but I opted out and went with someone else. R2R is cool though, just intimidating for my very first deal. Hope to buy a prop from them some day though. Seem like they have a god op there. Do you have other properties in the state or other states?

@Melissa Perez You know I was in the same mindset but we can’t let the horror stories weigh us down otherwise we’ll never move forward. I took the leap, worked with prop mgmt to do some good vetting and we got some good tenants. 1 works at a nearby hospital and her partner similar. Maple heights is trying to turn a leaf and the local city council is on the upside of funding local parks and trying to clean the area up. I hope they continue that trend and more working class folks continue to move in. There are a lot of Reno’s happening in maple heights so the clean up of the neighborhood is a good thing. Did you go with a turnkey company or did you find the place yourself?

@Melissa Perez thanks for the follow up. I ended up purchasing in maple heights also and agree with you but so far I’m 5 months in and have had no issue thus far. Good prop mgmt company 5 months in so I hope it lasts a long time. Good luck Melissa.

@Mike Mocek Rehab work. Major and minor rehab.

Looking for recommendations for any experienced GC’s in the downtown Toledo area? Anyone had any good experience with any you would recommend?

@Levi Smith I’m interested in Toledo.

Looking for homeowners insurance company recommendations for Tulsa OK properties. Anyone have any good experience with a particular one you like?