All Forum Posts by: Katie M Reece

I would also add that investing in a condo as a rental is risky due to the HOA being out of your control. If they raise their fees more than rent is increasing you will either lose or split any increased rent with them. I was looking at condos in PHx and any that were affordable had high fees—which made me think the owners were losing that profit to the HOA. Renters don't care how much of their rent goes to you vs the HOA. They have an expectation for how much a 2bd should rent for and that's what you can charge.

I am in PHX and looking for my first investment property. I have been incredibly impressed with my agent. He went to look at properties while I was on vacation and sent me videos. When the sellers didn’t show up on time, he waited for them while I went home. When the inspection came back, he analyzed it and prepared an amazing counter offer. Absolutely above and beyond, every step of the way. I hope my deal closes so he can get paid!! He thinks outside the box and solves problems so I think he would be good for someone working out of state. I’m new to BP so I don’t know if I can post his info publicly.