All Forum Posts by: Jason Reeder

Hey @Jason Reeder, so I mis-read the expenses info.

Personally I wouldn't do anything like this at all.

First I would nail down if you have to pay for their management and cleaning.

Ask them if they have any data on the actual utilities cost.

This looks like a loser to me in just about every way IMHO.

Hey @Jason Reeder, so a couple of questions -

What are the variable expenses? How did you come up with that number?

I will say that we don't pay $180 a month in maintenance on a 2700sqft lake house.

What's up with the fixed electric/gas/water/sewer? They just charge that as a flat rate because it is a condotel?

How did you come up with the $3000/month in revenue? Did you get that from the condotel management?

Do you have to use them for mangement?

Hey welcome @Jason Reeder. I'm in SLC so not too far from Layton. You got this!

Welcome aboard Jason!

 Welcome! The rental software is great now. I started with Cozy/apartments.com and then switched to Buildium (which is a little too confusing but scales nicely). TenantCloud is a good simple middle ground too! Welcome back!!!

Hi Jason! Welcome to BiggerPockets and thanks for joining!

Here are some tips for networking and making the most of your account.

1) I'd fill out your profile fully before you do anything else! As that will at least help folks that you reach out to know that you are a real person, with a picture and professional bio. Particularly be sure to include your goals for real estate investing so that folks can help you.

2) Go to the Search bar, and look for some local members in your area! Reach out to a few of the folks, perhaps those with hundreds or thousands of posts in this forum, and connect. You can do that here.

3) Check out some of the local meetups that you can find in this forum! There are so many so be sure to filter by your location.

4) Review this comprehensive 64 page deck on the state of the 2023 housing market (in your resource page as a member of BiggerPockets!) for real estate investors put together by Dave Meyer and available for all BiggerPockets members.

5) Consider meeting with a few agents in your area even if you are just getting started! An investor friendly agent can do all sorts of helpful things, like setting you up with a search for properties or connecting you with folks who have recently done deals like the ones you want to do.

6) Consider analyzing a deal or two in your local market, just for practice, with a free use of our Rental Property Calculator (or other calculators).

Hope this helps! Please reach out with any questions you may have!

Welcome to the site @Jason Reeder! It's great to have you here.

Here are some recommendations for you:

Find and connect with other BP members that are in your area: http://www.biggerpockets.com/m...

Set up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/a...

Read Beginner’s Guide: http://www.biggerpockets.com/r...

Check out BP Money Podcasts: https://www.biggerpockets.com/...

Wishing you the best!