All Forum Posts by: Kassandra T.

Congrats on working hard in this adventure. The groundwork will help you learn and see what you like/don't like in the future.

The answer lies in "how big" and "how fast". Just the other day I was speaking to a client and they went "big" on the asset protection layers and it was a bit expensive and a bit to early for them. All they had was a 10-unit and a 4-unit. As a result, the funds that were rolling for today it was better to have a simple LLC, umbrella insurance policy, and proper business/landlord insurance added on. The cost, risk, and keeping up is a good balance for a while. The next steps could be to consider just adding LLC for a few properties at a time.

Another concept is will you max out on SFH? Will you go into syndications? Will you jump to commercial? Will you stay self-managing or not? Those also impact possible ideas of where to go next as well.

Now, if you are shooting for the moon for multiple trusts and family offices around the empire, well, that a whole new conversation of doing steps as you grow.

I hope this helps with painting some pictures for you.

I'm an investor and PM in the area. Love deals that become buy/hold. Mid market single homes, condos, townhomes.

Please add me to your list.

@Stephen Moore congrats!! I remember living in an unfinished basement trying to get started. Keep going! You got this.

@Michael Rogers 1 second :)

@Sean Davis This area is very difficult.

Ive managed that area for many years......Just be ready that many items don't fit on a spreadsheet....like picking up trash around the dumpster because everyone will on the street will use it. I've dealt with murder, shootings of the building, fires, showing a property and calling the cops as I was watching a pimp drag a person, and more. 10% isn't enough for me to strap on a gun and manage here anymore so we have been slowly saying good bye to accounts as there isn't enough money. However thats me.

Some can handle this stress and welcome it as we all start somewhere.

Ps. Don't forget to add leasing and legal costs. It is higher on costs in c buildings unless you have strategies to offset it.

Based on the market trends of the Eviction Moratorium rules and the new tenants' shopping, I would highly recommend realllllly good screening process to the point of confirming they have a job before signing the lease.  Selecting tenants that have been on the job for a while is also a good bet right now.  

Well said!!  Yes, driving for dollars is where it is anymore...You'll have to look for properties that need repairs and then be willing to do some work.  Anchorage is getting a bit older now.  :)

There is another meeting with a whole bunch of landlords on April 19th 6:30 at "The Megan's Room".  You might be able to go and network with others and maybe you'll find a deal there.

Attention Anchorage Alaska Landlords!

The last time the club meet on this topic we had no seats left - people attended and were stuck in the hallways!!

The reason for this is because successful landlords understand that in order to be profitable you have to quickly turn and market the property. Every day it is not rented is a day you are losing revenue.

Since the market has shifted, it is a bit more challenging to get a property rented - BUT - properties are still renting with a few great tricks!!

In this class we will discuss the following:

Prepping the room

Tricks to make your unit more appealing.

Programs and places to post your property for rent.

What tenants are willing to rent

What is the latest price points of rentals

and....Best part! The class will be taught by the people that rent 30+ properties a month all over town!

GUESS WHAT!!! We have Brad helping us with our next event.

Bad Brad’s Bed Bug Busters is the best at what we do, We specialize in finding and eradicating bed bugs. Canine bed bug inspection is the most accurate means of finding bed bugs, which means you’ll never have to worry about us recommending treatment unless you truly have an infestation.

Anchorage Landlords,

In part 1 of the class, we asked for your opinion about what topics you wanted to be covered in part 2 of buying your next rental property. So we listened and made the agenda around your questions! :)

Below is a list of what we are going to answer for you!!

*no sales pitch Just a local club that talks about property management matters