All Forum Posts by: Kenny Dahill

Have you tried contacting any of the local real estate agents for their referrals?

@Kevin Smith Solid points.  Often the property manager's incentives are counter intuitive to the owners financial interest at times.  To your point, yes there is a way to make it a better Earn-Earn relation where incentives are aligned with interest.

@Franklin Parker Sometimes PM firms have their own handyman, although it could be in your best financial interest to coordinate them separately.

I'll send you a direct message in case I can help.

BiggerPockets is amazing, we all know that.  However, it's not the only source.  What are your other favorite blogs, websites, webinars, podcasts, etc?  And why?  

@Tyler Silverman Is this a turnkey or flip investment?  If turnkey, why not hire two different home inspectors?  Sure it costs you extra, but home inspections are reasonably priced and will help you confirm any doubts.  

If this is a flipping investment with a turnkey provider, always get a third party home inspector!  Especially during billing periods, you should provide your home inspectors the general schedule of value line items but have them write down their estimates for percentage complete.    Again, this will cost you extra but it is a quality assurance strategy to make sure you don't pay ahead of schedule and be left in the dark.

Best of luck and keep us updated with whatever you do.

@Chris C. I always encourage people to get 4-5 bid proposals from managers.  Find the managers who best align with your goals, they all have their niche's.

@Jason Chalifour Are you using a manager currently?  Make sure you go out to multiple firms for bids and find the best that aligns with your goals.

@Colby Mulry Try doing semi-monthly payments if you're concerned.  If they're paycheck-to-paycheck, then take a little from each paycheck.  That way if they bail you're not out the full month.  However, if they're constantly paying on time then just sit back and earn that little extra.  If you're worried they'll bail, stay on them until their lease is up.

@Jesse Holshouser Or, take the 30-year amortization and pay it off in 5-years.  If something bad happens, you fall onto a 30-year note.  Just make sure there's no pre-payment penalty and you get benefit of both worlds.