All Forum Posts by: Maria Bakaj

My husband is a Software Engineer and I worked in Software Engineering.  As a Realtor, 90% of the clients I've worked with have also been engineers.

@Aaron Bell For assessing the rentability I would use the website Rentometer.  I find it to be reliable.  You can further research the properties that they are pulling to generate their estimate to assess the quality compared to your potential investment.

As Steve mentioned, the Bigger Pockets cash flow calculator is a good tool to evaluate the deal.

How to find a good deal, analyze a lot of properties.  Stay on top of the market daily. You can't be sleepy in Denver.

Hi Anna,

$800 a month cash flow is really good and pretty much unheard of to find in Denver so I would find it hard to pass up on that deal.  Evictions are allowed again in Denver; of course, I'm not sure if that will change again in the next few months depending on how things with Covid continue.  There are also rental assistance programs that Denver has setup during covid that tenants can utilize, so there are options should these existing tenants have difficulty paying.

I ran into this predicament with my existing rental property back in June when I was looking for a new tenant.  I was considering selling it to avoid a situation where a tenant could no longer pay and evictions were not allowed (even if evictions are allowed I still don't want to have to go down that path especially during a pandemic).  I don't know about how good the rental assistance program is, maybe someone else with experience with it can speak to it. Ultimately I chose to keep the property and find new tenants.  

Tenants paying is always a risk and the risk is heightened during these times; but if your numbers are right, for that cash flow I'd personally proceed with the purchase.