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All Forum Posts by: Jay Ingersoll

Jay Ingersoll has started 1 posts and replied 33 times.

Post: New member from NYC to invest in student housing

Jay IngersollPosted
  • Rental Property Investor
  • Aurora, CO
  • Posts 34
  • Votes 33

@Ruoxi Xie welcome to BP. @Shawn K Hicks is a great Gainesville resource. He understands investors and is extremely honest in dealing with out of state investors.

Post: Property Mgt Software?

Jay IngersollPosted
  • Rental Property Investor
  • Aurora, CO
  • Posts 34
  • Votes 33

@Santiago Silveyra I believe it does have messaging capabilities. I am just starting to use it and I can message leads that come in.

Post: Property Mgt Software?

Jay IngersollPosted
  • Rental Property Investor
  • Aurora, CO
  • Posts 34
  • Votes 33

@Linda L. We are in the same boat as I have 9 doors and looking for a change. I have been with Cozy for 2 years. I think I am going to TurboTenant. What I like about them is: Free. The landlord can require proof of insurance. I like how they syndicate to so many other sites. I also like their application - more detailed than others. I also like the way it tracks leads.

Hope this helps.

Post: NOI calculation problems

Jay IngersollPosted
  • Rental Property Investor
  • Aurora, CO
  • Posts 34
  • Votes 33

@Gerardo Lewis I would call and get an estimate from an insurance company. I compared several companies in town last year. I ended up getting a policy through Cottons All Lines Insurance Co in Gainesville. They were very easy as well. 

Post: NOI calculation problems

Jay IngersollPosted
  • Rental Property Investor
  • Aurora, CO
  • Posts 34
  • Votes 33

@Gerardo Lewis you can use an app like DealCheck. You can input up the Taxes, Insurance. Factor 10% of income for maintenance, 5-10% for CapEx, and add property maintenance if you need. It will calculate your numbers for you. Hope this helps.

Post: Stessa Expense Management Software

Jay IngersollPosted
  • Rental Property Investor
  • Aurora, CO
  • Posts 34
  • Votes 33

@Glenn Hoffman I have used Stessa the past 2 years. I have zero complaints. It is free, easy to use, and does everything I could ask for when it comes to expense management.

Post: How is the Muncie Indiana area for investing in rentals property’

Jay IngersollPosted
  • Rental Property Investor
  • Aurora, CO
  • Posts 34
  • Votes 33

@Deborah Miller are you a realtor in Muncie?

Post: Student rentals. 5 miles from campus too far?

Jay IngersollPosted
  • Rental Property Investor
  • Aurora, CO
  • Posts 34
  • Votes 33

@Alipate Moleni I invest in Student rentals. The reason to invest in student is because the premium rent you can get. However, the to get that premium, you have to be almost on campus to give the “student experience”. That is just my opinion. For me to call it a student rental, I want something they can walk to class.

Post: New to BP from Gas City Indiana

Jay IngersollPosted
  • Rental Property Investor
  • Aurora, CO
  • Posts 34
  • Votes 33

@Kyle Stroup I have been looking at Muncie. I have not traveled there. I would love to talk to you about that area.

Post: Is an 8 Bedroom in College Town too risky?

Jay IngersollPosted
  • Rental Property Investor
  • Aurora, CO
  • Posts 34
  • Votes 33

@Sophie Pierce the numbers sound great and I love student rentals. For sure, look at the ordinances about unrelated people living together. This is popular in college towns and it can cause problems for a landlord.