All Forum Posts by: Kelsey Cook

I had a good experience purchasing a 3/3 in Highlands Ranch in June of LY. I added a bedroom in the basement to make a 4/4. Paid $565k; monthly expenses about $2900. I rented out the basement (included separate living area, bedroom, and bath) for $1,200/month, bringing my out of pocket to ~$1,700. I am now looking to buy something new, and will rent out the home by the room. I am expecting to gross about 4,600/month. The house is very close to 3 hospitals, Target, etc. so it is relatively easy to generate interest with professions. Lakewood seems to be very popular for investors…I think there could be a smart play in Aurora, too, given proximity to Fitzsimmons (though some might argue northern area is speculative; south likely “safer”). If you are looking to continue house hacking, you might also keep your plan for the home after you move out in mind. With cities placing more restrictions on short term rentals, I like the idea of buying a house hack today to then rent for the midterm stay or by the room post your occupancy. Hope this was helpful! 

Hi! Newbie here. :)

I am in the middle of purchasing my 1st property in Ramsey County and hoping to get some advice in writing the lease. I am planning to self manage. Does anyone have suggestions for writing the lease?

Thanks in advance!