All Forum Posts by: Jay Dertzbaugh

BP Nation:

In this time of uncertainly, many real estate investors are putting deals on hold waiting for any sign of stability. Personally, I have increasing concern surrounding my existing properties. I am an out of state investor that focuses on C class properties and most of my tenants are plumbers, restaurant workers, hair stylist, and other blue collar workers. The reality is, most of them also live paycheck to paycheck. What happens when all restaurants and other places of work close due to COVID-19 and they can no longer make their monthly rent payments? 

From my perspective, ensuring you have adequate cash reserves and evaluating refi options at this time can help prepare for this unknown but I am anxious to hear from others. 

@Jonathan Farber 
 

Does anyone has recommendations for CPA's specializing in rental properties/out of state rental properties? Looking to network with some local professionals here in San Diego. Any suggestions would be appreciated, thanks!

Although Hagerstown has decent access points with major highways, it has not been able to generate any real job growth in recent years which is certainly a red flag. With that being said, there are other economies close by that have steady growth and are continuing to appreciate. I have multiple units the Frederick area that have done considerably well. 

@Jonathan Farber

@Andrew Smith

Beers and Brews is one of the better ones thats I have been to. Highly recommended. 

Does anyone have any recommendations for multi family networking sessions/meet ups in the San Diego area? I have been to one or two that have been high valuable but I find that many seem to be more centered around a "pitch" instead of actually growing your network. 

All suggestions welcome, thanks!