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All Forum Posts by: Kevin Lee

Kevin Lee has started 1 posts and replied 3 times.

Classifieds

Post: Property Management & Contractor recommendations in Little Rock, AR

Kevin Lee
Posted
  • Posts 3
  • Votes 0

Hi Jennifer,

Is this the same Turnkey company?https://turnkeyinvestproperties.com/ If so, I recently spoke with Andrew regarding their Turnkey sales.

Could you send a sample Property Management agreement and sample Tenants Lease agreement; with fees tenants are responsible for?

Below is my contact info.

Email:  [email protected]

Cell: (209) 606-7574

Kevin Lee

0 Votes
Little Rock, Arkansas
Classifieds

Post: Property Management & Contractor recommendations in Little Rock, AR

Kevin Lee
Posted
  • Posts 3
  • Votes 0

Hello,

I've purchased my first out of state property (a duplex) in Little Rock, AR a couple months ago.  I am looking for property management and contractor recommendations that service the LR area.  I've noticed some property management companies have construction in-house as well.  There are probably pros and cons to that.  I have experience with LTR in my state (CA) but would appreciate any recommendations in LR.  Thank you!

0 Votes
Little Rock, Arkansas
Buying & Selling Real Estate

Post: Is the 1% rule dead?

Kevin Lee
Posted
  • Posts 3
  • Votes 0
Quote from @John Morgan:

You can still get the 1% rule in some areas but appreciation is weak most likely. I’ve bought 10 houses in a ghetto city in Arkansas that gets the 2% rule. I’m not expecting any appreciation but the cash flow is good. I’ve got 19 houses in a better appreciating area (Dallas), but I’m only hitting the .7% rule here. Appreciation is good in TX but I’m breaking even the first couple years when I buy here. Fortunately market rent is coming way up each year so that helps.


 Hi John, Just bought my first property (duplex) in Little Rock.  What ghetto city/zip code in AR did you find 2% rule?  Thanks.

0 Votes
Atlanta, Georgia