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All Forum Posts by: Jens Nielsen

Jens Nielsen has started 12 posts and replied 193 times.

Post: Looking for Prop. Management recs., Houston and Albuquerque

Jens NielsenPosted
  • Investor
  • Santa Fe, NM
  • Posts 208
  • Votes 144

@Tim Robinson for Albuquerque you should connect with @Joshua Christensen for your PM needs.

Post: Just refinanced and pulling cash out to invest in first rental!

Jens NielsenPosted
  • Investor
  • Santa Fe, NM
  • Posts 208
  • Votes 144

@Keegan Uderitz My properties was a combination of broker connections and direct mail. The smallest I have is 11 units, and the largest is 38 in Abq. I live in Santa Fe, NM.
I would avoid the area around the fairgrounds, the so-called international district has a lot of challenges and not recommend for new investors. 

Post: Moving to Albuquerque - First property/ Becoming an investor

Jens NielsenPosted
  • Investor
  • Santa Fe, NM
  • Posts 208
  • Votes 144

@Keighton Leftwich welcome to Albuquerque (soon).
I own 75 apartment units in Abq, and I know a lot about the different areas. 
Let's connect if you want to learn more.

Post: New to Durango; Let's Get Coffee?

Jens NielsenPosted
  • Investor
  • Santa Fe, NM
  • Posts 208
  • Votes 144

@Emily Martorano Yep, we still meet monthly. Please sign up, we'd love to meet up.

Post: Rental Increases 2021 - Albuquerque

Jens NielsenPosted
  • Investor
  • Santa Fe, NM
  • Posts 208
  • Votes 144

I had my PM (T&C Mgmt) contest the tax increase. They charged me 1/3 of the amount I saved in year 1.
Worth it for me.
But @Kirsten M. I would see what the market can support in terms of the rental increase. If the market can support a $100 increase, then go for it. 

Post: Rental Increases 2021 - Albuquerque

Jens NielsenPosted
  • Investor
  • Santa Fe, NM
  • Posts 208
  • Votes 144

So, I have not seen any significant tax increases on my MF for the last 3 years. The one time we had a major increase on a 4-plex we were able to contest it and bring it back down.
I would wait until you get the notice of value before making any major moves on rent.

Post: Albuquerque, New Mexico

Jens NielsenPosted
  • Investor
  • Santa Fe, NM
  • Posts 208
  • Votes 144

@Leah McNell yeah it's a challenge right now.
I own 75 units in Albuquerque, and we're watching the market right now.
You have to be aggressive and quick in your offers!

Post: Newb from Asheville, NC and moving to Durango, CO

Jens NielsenPosted
  • Investor
  • Santa Fe, NM
  • Posts 208
  • Votes 144

I'm still active in the meetup, so we'll see each other there.

Post: Newb from Asheville, NC and moving to Durango, CO

Jens NielsenPosted
  • Investor
  • Santa Fe, NM
  • Posts 208
  • Votes 144

@Dane Hovey you will love Durango. I just left Durango after living there for 8 years.

We have a great meetup group there that you should join. Just search Meetup for "Multi-Family Masters Investing for Cash-Flow Durango Chapter"

Post: Military -> Moving to...House Hacking in Albuquerque

Jens NielsenPosted
  • Investor
  • Santa Fe, NM
  • Posts 208
  • Votes 144

@Nathan Jones welcome to Albuquerque. There are a lot of small MF in Abq, just be careful of the area. I have been investing there for 5 years, so let me know if you have any questions.