All Forum Posts by: Joe Zinger

Great advice. I happen to live in a growing very aggressive market so was just wondering how much weight to put in the “grading” Joe

I see a lot of mentions of neighborhood grading. Things like I only buy in A rated neighborhoods. Are there well defined criteria to classify a neighborhood? Joe

I do the basics myself sinks, toilets, bugs, washers, dryers but for AC I always put them under contract with a local company for 24 hour support and quick fix.

I use Zillow and Cozy to post availability and then Transunion smartmove for background checks. Make sure in your listing and your responses to potential applicants in addition to property details you list your requirements. Income Requirements Background check Pet Policy HOA rules

Anyone have recommendations for landlord friendly Raleigh/Cary based accountants. Joe

Very tough market in West raleigh (Cary,Apex,Holly Springs) Be prepared to act fast and fight off multiple all cash offers. I would imagine even harder from a distance with limited knowledge of the area. The townhomes you mention are near downtown apex but almost the edge of walkable. Hard to justify a premium if you don’t get the benefit of a comfortable stroll to Main Street.

So do big expenses like Windows, Roofs, HVAC attract renters? I know as a homeowner you care about those things but I would think the shiny objects new carpet, tile backsplash, cabinets would be more attractive to renters and they care much less about the bones and infrastructure of the house.

What do landlords spend money on for rental SFR that end up being a waste of money? Seasoned investors have probably learned these items over time that new investors could benefit from. Windows , Blinds, Upgraded Appliances, Landscaping. As a new investor it feels hard not to treat your units like you are going to live in them. What are some of the items that should be avoided because they don’t increase rent revenue or rent ability?

Loans sometimes come with strings like immediate repayment upon termination so be careful and understand the risks.

It’s almost never a good idea to cash out a 401k under penalty. An option may be to roll active 401k funds to an IRA and look at using a self directed IRA to buy the property. But I am not a tax specialist. Good luck.