All Forum Posts by: Jon Tyler

Hello Dutch!

I'm also in Ocala and would love to introduce you to the local REIA. We have meeting this Tuesday night.

I'm concerned your management estimation may be low. For instance, in my area, it's not uncommon for the Leasing Fee to be 6% of the annual gross rent with 10% management every month thereafter. On a $1000 (picked for simplicity) the leasing fee would be $720 ($1000 x 12 months x 6%) and the management would be $1100 ($1000 x 11 months x 10%) for a total of $1820. Since the lease is for $12,000 this means management costs are 15.167% ($1820 / $12,000).

You may be able to negotiate these fees, but remember that you get what you pay for. A good manager is hard to come by and will save you more in the long run than they cost.

Apparently I was supposed to do this a while ago. Glad I finally read that welcome email. ;) I'm really interested in finding out more about BP. I see many people saying it's made a difference in their investing and I hope it will in mine too.

A bit about me, I speak three languages English, real estate and technology. For the previous 2 decades I had a computer/network consulting business that owned me. I am currently a full-time real estate agent and property manager doing above average work, which means I actually show up.

I currently own two rentals, one of which is a pre-foreclosure house that I picked up on a quit-claim deed. The other was my primary residence until the beginning of this year. Both units cash-flow, which is my end-game for all my investments. I live in a pre-foreclosure (not mine). My plan is to buy 2 more properties this year and 4 more next year. I would like to eventually own at least one storage unit facility.

Hello @Stephen Sparks and welcome. 8-9 years of studying is a good bit. What are you waiting for to jump in? I'm also in Ocala and enjoy meeting other investors to swap ideas. I attend the local REIA and will be there tonight (July 8, 2014). If you want to attend, it's at the Comfort Suites on Hwy 27 near I75 at 6:00pm.

I'm a member of the Marion County/Ocala REIA. What would you like to know?

Nick,

I work for Weichert Realtors - Hallmark Properties. We do not charge any fees before the property is rented; we don't make money until you do. I believe our fees are commensurate with the service that we offer and would love the opportunity to see if we are a good fit for you.