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All Forum Posts by: JonPaul Kessinger

JonPaul Kessinger has started 19 posts and replied 50 times.

Post: Pitbull Service Animal

JonPaul Kessinger
Pro Member
Posted
  • Property Manager
  • Bridgeport WV
  • Posts 50
  • Votes 17
Quote from @Joe Mills:

I have a home available for rent and have a prospective tenant that says he has a pitbull as a service animal.  I usually charge a pet deposit and monthly fee, but from my limited research, believe I cannot charge for a service animal.  I'm also of the understanding that there can be no breed restrictions on service animals.  Do the laws vary from state to state, and if so, is anyone familiar with the laws concerning this in West Virginia?  Thanks!

 Hey Joe, I am a realtor and property manager in West Virginia (Bridgeport, Fairmont, and Morgantown area) We use an animal screening service called petcreening ( I will add a link to their page below. They screen animals and give a FIDO score based on several risk factors. You can add a breed that's an auto rejection and they ask questions and for documents, not you. They follow local and federal housing laws and it shifts any liability away from you since you are not the one asking. Shoot me a message and I'd be happy to share how we approach this situation in the state and individual cities. 

P.S. The best part is, it's free for you to use and also checks their vet/shot records! tenant pays an application fee and you can pro-rate pet rent based on their "FIDO" score.

P.S.S I'm not affiliated with them at all, I am just a PM who uses their service and had good experience with them.

https://www.petscreening.com/

Post: Long Term Rental Investing

JonPaul Kessinger
Pro Member
Posted
  • Property Manager
  • Bridgeport WV
  • Posts 50
  • Votes 17
Quote from @Remington Lyman:
Quote from @Corey Blake:

Good morning all!

First and definitely not last post or question here. I looked around a bit and didn't find anything that came up in relation to my personal question. Anyways...!

I am looking to purchase a multi-family home, outside of New York due to tenant-landlord issues here (really the fear of it). My goal is more for passive income/break even along with wealth later in life, currently 35 YO. I've been doing homework, listening to pod-casts, reading and the knowledge out there is phenomenal and overwhelming at the same time. I do not have any affiliation with others locally or anything either to discuss, willing and open to knowledge and conversations!

That being said, if doing so, what is the best way to go about it? I'm sure I'll have many more questions to follow as well. 

Appreciate you all!


 Finding a solid Realtor, property manager, contractor, and lender is your first step!


 Those will be your core people. If you find one of them, ask them to refer you to another one. A good PM will have a good contractor (in some states, may be a realtor also), a good realtor will know good lenders, and visa versa. Once you know the state you want to be in, a lot of the time, all it takes is finding one of those four, and they can plug you into the other 3. 

Post: Long Term Rental Investing

JonPaul Kessinger
Pro Member
Posted
  • Property Manager
  • Bridgeport WV
  • Posts 50
  • Votes 17
Quote from @Nathan Gesner:

Yes, there is a lot of information, hundreds of different opinions, and it can easily overwhelm a new investor.

Dummy it down. Think back to 1985 or 1998 or 2007. People did not have BiggerPockets, YouTube, podcasts, or hundreds of books on real estate investing. So what did they do?

They know real estate was a good investment. If you buy a property and hold on, it will increase in value and make really good money. Without coaches, without gurus, without any other resources, they simply saved some money, bought a property, managed it as best they could, and held it for 30+ years. It's really that simple.

Find an affordable market with a good property manager who can handle things for you. Find a property that will bring in enough rent to cover all the expenses. Buy it. Hold it. Rinse and repeat. Later, when you have more experience and time, you can learn how to crunch numbers and improve the rate of return.

You don't have to be in a big city like Columbus, where everyone else invests. Stay away from coastal states until you have experience. Find a state with fair laws that are easy to understand and follow. Some examples include Kansas, Indiana, Ohio, Iowa, Oklahoma, Tennessee, West Virginia, etc. Which one performs best? Don't get bogged down in that nonsense! People are making money in all of these states. Focus in on a city with good schools, low crime, and good jobs. Narrow in on a community, buy a house, hold on.

P.S. You won't be managing from afar, so find a quality property manager before you find houses. If you can't find a quality PM with a good, long-term reputation, then don't invest in that city. Once you do find a good PM, they can often help you search for an investment. You can generally trust them to help you find a good one because they don't want to manage a dump.


 As a realtor, PM, and investor in WV, I can confirm there is money to be made here. West Virginia doesn't come to mind at first when considering investing out of state, but we have low home costs and high rent in quality areas! I work from Morgantown to Bridgeport, WV, and we have some nice cash flowing areas in A-B neighborhoods. It is much like other states, though; it's not all great; you have to be careful where you invest because there are areas that could cash flow a ton but may not be worth the headache.

Post: Lender who will lend to a Canadian investing in the USA

JonPaul Kessinger
Pro Member
Posted
  • Property Manager
  • Bridgeport WV
  • Posts 50
  • Votes 17
Quote from @Erik Estrada:

Yes there are plenty of DSCR lenders that can finance this. He will be limited to 65-70% of the PP though. Does he have any established US credit?


 I am working on finding out if he has any established credit here. Based on our conversation, I think he could put down 45-55% of the PP

Post: Lender who will lend to a Canadian investing in the USA

JonPaul Kessinger
Pro Member
Posted
  • Property Manager
  • Bridgeport WV
  • Posts 50
  • Votes 17

I am an agent/PM who is working with a buyer from Canada. He is looking to purchase a 6-unit, 1-year-old building in West Virgina. He qualifies for the 1 million dollar purchase, and the property will meet any DSCR requirements. His only issue is that he is a Canadian citizen. Does anyone know of any banks that will work with him? I will be his local boots on the ground and my management company will do all the management (a bank turned him down because he doesn't have any investing or management experience in the USA, even though I will be the local manager).

Any leads on lenders or banks would be appreciated! 

Post: Property managers in Martingsburg, WV

JonPaul Kessinger
Pro Member
Posted
  • Property Manager
  • Bridgeport WV
  • Posts 50
  • Votes 17

I am a PM a few hours away from there. While I am not sure I would be a great fit for you because of my distance, give me a PM and I would be happy to reach out to some folks out that way.

Post: Investor and Investor agent looking for investors to work with

JonPaul Kessinger
Pro Member
Posted
  • Property Manager
  • Bridgeport WV
  • Posts 50
  • Votes 17

Hey everyone,

I’m an investor, property manager, and realtor working in North Central West Virginia. I'm looking to build connections with other investors, wholesalers, and flippers interested in the WV market. I work with both in-state and out-of-state investors!

I primarily work in Clarksburg, Bridgeport, Fairmont, Morgantown, and the surrounding areas. As someone who invests in properties myself, I understand the unique challenges and rewards that come with the territory. I'm always looking for new investors to work with and help solve problems for. 

If you're involved in real estate in these areas, I'd love to connect and see how we can support each other. Whether it's through being your agent, understanding that whole selling isn't a scam (I know most agents hate whole sellers), managing your properties, or helping you run local comps.

Feel free to DM me or for a faster response email me at [email protected], or call/text me at (304) 931-2632.

Looking forward to connecting!

Post: How to Be the Best Possible Agent for an Investor

JonPaul Kessinger
Pro Member
Posted
  • Property Manager
  • Bridgeport WV
  • Posts 50
  • Votes 17

I am an investor, property manager, and realtor specializing in investments. I have been given the opportunity to start an Investor division at my Brokerage.

Our goal is to create a team of highly skilled agents who excel in understanding and meeting the unique needs of investors. I will be personally training, teaching, and approving agents for this investor team.

I would love to hear your thoughts and advice on what makes the best possible agent for an investor. Specifically, I'm interested in:

Essential Skills and Knowledge: What specific skills and knowledge should an agent possess to serve investors effectively?

Communication and Negotiation: What are the best practices for communication and negotiation when dealing with investment properties?

Market Analysis and Property Valuation: How can agents go above and beyond in providing market analysis and property valuations tailored to investors' needs?

Networking and Resources: What are the key resources and networks that an agent should leverage to benefit their investor clients?

Client Relationship Management: How can agents build and maintain strong, long-term relationships with investor clients?

Exceeding Industry Standards: What steps can we take to ensure our services consistently exceed the industry standard for investor agents?

Since I was an investor before I was an agent, I know what I was always looking for out of an agent, but I would love to hear the insights you guys have. I would love to train agents to serve best any investor who wants to invest in North Central WV!

Thank you in advance for your contributions. I look forward to your valuable insights and suggestions!

P.S. Feel free to DM me your suggestions or to connect!

Thank you,

JonPaul Kessinger

Post: Best West Virginia Investment Property Loans (Hard Money-DSCR) - Easy Street Capital!

JonPaul Kessinger
Pro Member
Posted
  • Property Manager
  • Bridgeport WV
  • Posts 50
  • Votes 17

Hey, @Robin Simon, I would love to connect; I just shot you an email. I am an Investor, PM, and Realtor who works solely with investors. I am located in central WV (Bridgeport, Morgantown, Weston, and Clarksburg areas). I have several investors, including myself, who would love to hear more about the products you can offer!

Post: I choose west virginia

JonPaul Kessinger
Pro Member
Posted
  • Property Manager
  • Bridgeport WV
  • Posts 50
  • Votes 17
Quote from @Joy NA:
Quote from @Ethan Cole:

Hey @Alex Case,

I am also from WV. Originally from southern WV, but my wife and I currently live in north central WV. We have been building a nice portfolio in the greater Clarksburg area over the last year and a half. We enjoy investing here for some of the previously mentioned reasons, and also because it is an area of WV that is growing rapidly due to jobs, and it's proximity to Morgantown and Pittsburgh. I would be more than happy to answer any questions you might have about investing here, and would also go through some of the specifics of our deals. We currently sit at 5 properties, with 16 total units. Love the point that @JonPaul Kessinger made about Fayetteville. Gorgeous area adjacent to the New River Gorge National Park. Plenty to do in town as well. My wife and I have talked about an STR in the future there.

 Hi Ethan! Can we please chat? I’m from out of town but thinking of investing in WV!


 Give me a PM if you are interested in WV! I'm a local Investor and agent and own a property manager in WV who specializes in working with out-of-state investors! Id love to schedule a time to talk about it with you