All Forum Posts by: Jason Waldo

Hi Karna, I own a handyman/remodeling company in the Kansas City area and work with a lot of the property management companies around here. I am happy to give you some information on which ones I like and which manager I personally use if you want to send me a DM!!

Jason

Eilon 

Good morning, my name is Jason and I own True North Property Maintenance a handyman and remodeling company. I would love to connect to see if there is anything I can do to help you out on the Maintenance side. Send me a dm and ill give you my website so you can check out some projects we have done and the services we offer. Looking forward to connecting. 

Jason

Holly,

my name is Jason and I own a handyman company and work closely with a lot of different property managers around KC. I recommend and personally have used Kc home rental for 10 years and don't see me changing property managers anytime soon. They do a fantastic job for me.

hope that helps!

jason

 I own a handyman company here in Kansas city. I work for a lot of PM's I have a list of a few that I would feel comfortable recommending. You can PM me if you would like

James,

sorry to hear your struggles. I live in the Kansas city area and own a handyman company and multiple rentals. I know your manager and i declined doing any more work for them. There are a few questions i have for you but would be easier and possibly more productive to discuss on the phone. If you would like to hope on the phone i would be happy to see if there is anything that i can do to help you. The water line repair sounds really expensive by the way. I made a repair similar to this at one of my rentals and i have my plumber do it and pulling the permits and the work was around $2400. Feel free to Dm me and we can talk. I have some really good property managers in the area that do a grea job.

Graham,

my name is Jason and I own True North Property Maintenance and can help you out with anything from small Maintenance issues to full blown renovations or flips. Feel free to send me a DM and we can talk sometime about how my compnay works. I am happy to provide you with as many references as possible. Some property managers and some investors.

looking forward to hearing from you!

Jason

Matthew,

I'm sorry but I don't agree. I use customer provided materials all the time and even pick them up sometimes. I work for a lot of clients labor only. I also am a real legitimate contractor with hundreds of clients. Also I can't recall the last time I marked up on materials....I feel like I make enough when quoting a job on my labor that I don't feel like I need to nickle and dime my clients on materials. That's just me though....everyone does it different I suppose.

Svetlana,

I owe a handyman and remodeling company here is Kansas city and we let owners purchase materials all the time. Sometimes we go pick them up at the stores they purchased them from or sometimes owners have them delivered. I would love to know more about your project and the location and provide a bid. Feel free to send me an direct message and we can go from there. I have plenty of references i can pass along as well!

Jason

I just finished renovating a new property I just purchased. Here are the numbers and pictures below. Even with the higher interest I'm still able to get deals and make them work! Don't get discouraged just keep turning over every rock.

Townhouse

Purchase price: $119,900 (hard money)

new loan amount: $123k

renovation: $18,000 (my own money)

appraised at: $175k

Rent: $1550/month

PITI: $1075

let me know what you think of the numbers. Would you have done this deal?

I appreciate all the responses! I do have a few thoughts about some comments that I would like to banter back and forth on just to get others opinions on my thoughts.

1) no one is thinking about the length of time I will be holding on to this property. Everyone thinks I'm selling it or won't hold onto it very long. In truth I plan on holding it for 25-30 years if not longer.

2) my vacancy was addressed above. I have owned rentals for a long time and in this market I'm in none of my vacancies have ever been more than 2 to 4 weeks. 

3) my Capex expenses are extremely low and should have differed maintenance for years since everything in the home is brand new.

4) maintenance is so low its ridiculous because I own a handyman company and do the maintenance my self our send one of my employees over to fix it. I have 12 guys that work for my company.

6) my out of pocket expenses to actually own this property was only $85k. Even though i have a loan on the property of $190k. So when you take my rent and divide that by my output its approximately 30% return rent $2195×12 = $26,340

Take $26,340 and divide that by $85k and thats approximately 30% return 

4) people say its risky but perhaps im confused and we have different perspectives on what's risky??

I carry approximately 6 months worth of rent at all times one each of my properties. 

5) as far as the property being under water there is no way. I have a loan of $190k and its worth two months ago based on an appraisal of $300k

I love being able to have healthy back and forth conversations with everyone and love hearing different opinions!! Love standing on the edge of the coin and seeing both sides