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All Forum Posts by: Laura Marks

Laura Marks has started 3 posts and replied 125 times.

Post: Rookie Q: How do I make an offer?

Laura Marks
Posted
  • Real Estate Broker
  • Independence, MO
  • Posts 127
  • Votes 111
Originally posted by @Dustin Allen:

@Bronson Simmons

Generally you should look for someone who sells at least 10 properties annually in the area that you are looking to buy.

Someone local doing that much business or more will be able to explain what it takes to win offers in that area. 

I'm in contract for 5 right now. I negotiated a 35k over asking, got a VA to go conventional and made my seller a lovely profit. 😁 Let's go 2022!

Post: Rookie Q: How do I make an offer?

Laura Marks
Posted
  • Real Estate Broker
  • Independence, MO
  • Posts 127
  • Votes 111
Originally posted by @Bronson Simmons:
Originally posted by @Laura Marks:

Get a Real Estate agent that knows what they're doing and how to protect you. 

Sounds like a good plan- but what should I look for in an agent making an offer that would signal “hey, they know what they are doing!” I know I should use a pro, but I’m trying to understand the outline of a good offer ahead of time. 

You should absolutely know what a good offer is, as well as running your own numbers. I've done this long enough that I can pretty much do it in my head as I see a property. 

I think an investor knowledgeable agent, is what you look for. Someone that knows rents, knows their market extremely well and someone that knows how to win offers in this crazy market. 

Post: Aloha from an RE rookie!

Laura Marks
Posted
  • Real Estate Broker
  • Independence, MO
  • Posts 127
  • Votes 111

Hi Gerald, 

I've worked with a few investors from Hawaii and I'd love to chat with you about the Kansas City market if you're interested. 

Post: Tenant looking to move to month-to-month... Considerations?

Laura Marks
Posted
  • Real Estate Broker
  • Independence, MO
  • Posts 127
  • Votes 111

I personally wouldn't do it, but if you wanted to I'd go month to month at a 25% rent increase. I'm glad they've been good tenants for you but depending on your market this could mean a few extra months vacancy for you with lower rents. They're building a house and you know they're going to leave, this isn't a situation of maybe they will or maybe they won't. Protect yourself, not them.

Post: New to Kansas City Market

Laura Marks
Posted
  • Real Estate Broker
  • Independence, MO
  • Posts 127
  • Votes 111

Hi Robert, 

I've been working with OOS investors for 7+ years in the Kansas City market. I'd love to chat with you about our market, even if you don't use me as a Realtor. NO PRESSURE, just help. I'm not a salesperson, I build relationships and my investors have become my personal friends with lifelong relationships. 

Post: Rookie Q: How do I make an offer?

Laura Marks
Posted
  • Real Estate Broker
  • Independence, MO
  • Posts 127
  • Votes 111

Get a Real Estate agent that knows what they're doing and how to protect you. 

Post: Anyone offering bidding for rent?

Laura Marks
Posted
  • Real Estate Broker
  • Independence, MO
  • Posts 127
  • Votes 111

I haven't done a bid, but I have made two qualified applicants bid to see who'd pay the highest rent. 

Post: New Member from Louisiana

Laura Marks
Posted
  • Real Estate Broker
  • Independence, MO
  • Posts 127
  • Votes 111

Welcome and happy investing! Bigger Pockets is a great place to do all of that :)

Post: How to negotiate terms with a property management company?

Laura Marks
Posted
  • Real Estate Broker
  • Independence, MO
  • Posts 127
  • Votes 111
Originally posted by @Patrick Orah:

@Theresa Harris

Thank you for your response. I always wondered if there are PM companies that offer  a-la-cart services. For instance at one of my properties, I have a duplex, and I have a handle on rent collection and other services but I need most of my help with maintenance calls. 

Interview, interview, interview. I do al-a-carte services but it'll cost you a lot more than using us as your PM. We'll find a tenant for you at 100% vs 65%, if we're your emergency line, it's $50 per call with a mark up on the vendor bill. 

Post: Independence Duplex converting from 2/1 to 4/2 on each side

Laura Marks
Posted
  • Real Estate Broker
  • Independence, MO
  • Posts 127
  • Votes 111

Congrats! I'd love to chat with you about that address and where you're getting rents of $1500 on a duplex.