All Forum Posts by: Jenni Utz

The only way to make a long distance investment work, is to have a trustworthy Property Management team, and trusted contractors/handymen. 

If you work with a Property Manager, they will help determine rent value. If not, you can go to places like Zillow, apartments.com, etc to find properties similar to yours and pull comparables!

We manage in Baltimore, but not the "rough areas" of the city. I would recommend Bay Property Management.

I have seen it where the parents have the funds to be the "bank", whether through 401k, equity line of credit, etc and then became the mortgage for their child. Instead of your son sendig mortgage payments to a bank or lender, you are receiving the mortgage payments. It benefits him because it gets him the property, and it benefits you because you are receiving 4-6% interest on your funds.

That's great. We work with a company called Tenant Turner! Check them out!!

 Miguel- I am in MD, so I can't fully speak to Florida. Are you working with an agent? If the contract was not fully finalized in the correct timeframe, you are already out of contract. It should be a unilateral termination. 

We don't use Calendly for showings, but we use self showing lockboxes. The applicants have to answer a few qualifying questions, submit their photo id, and then they can schedule a showing. The app sends them a one time code 15 minutes before the showing, and the code lasts for 45 minutes. 

I would say any technology that you can implement to save time on some of the "time suck" tasks the better! Your time will be better spent doing high level tasks. 

If you are under contract and the settlement date has already passed, technically you would need an extension to keep the contract alive. Was there an extension signed? If not, the contract is null and void.

Awesome! What are you doing to find the deals you are analyzing? Are they all on market, or do you have another channel for leads?

 I completely agree on the networking aspect! I have been in this business for a while and feel it is my duty to network and give back some of my knowledge to newer investors!!