All Forum Posts by: Martin Neal

@Scott Frame this is not typical and may be company specific. I wouldn’t be surprised if this is one of many ticky tac fees coming your way. You may want to shop around.

@Michelle Lyn politely and respectfully ask that they manage their consumption and give tips on how to do so. It’s also a good idea to write into your leases that if they are going to overuse, you have the right to increase rent or bill back for excessive use.

@Vinh Nguyen Cozy/apartments.com. The tenant pays $25-$40

@Jeffrey Evans It’s not asking too much. Let her know that you know you can do it and you will do it. Sometimes you have go show people your success before they will fully believe in you. Good luck.

I use Tresta so I will know which calls are business related and which calls are personal.

@Jorge Vazquez to each their own. This makes sense if you want 100 plus units but a property manager is not for everyone. We need people who manage their own rentals. The same way we don’t need a Walmart on every corner killing small businesses. You learn about the business when you manage a couple of rentals yourself too.

@Devin Monroe based on the assumptions you made, You have to understand the overall benefits of real estate investing. It's not likely that you will spend the $250-$300 in repairs every month. Secondly, you should not have a vacancy every year, this is an assumption and just in case clause. Lastly, depending on the area, 6% COC is great for some investors combined with the other benefits you are getting such as loan pay down, tax benefits and appreciation.

@Edward R. any private lender who requires you to send them money first is a scam! Run!!

@Anthony Conrad it sounds like you are trying to invest in a Class A area. These areas typically don't cash flow well but you make it up in loan pay down and appreciation. Expand your search criteria. Are you only looking on the MLS?? Off-market deals will provide the best opportunity for cash flow and appreciation. You also have to stay patient. You may have to analyze 100, offer on 10, to get 1 deal. Good luck.

@Jen Hoang Yes. It’s so much more tedious to do when a tenant is already there. Plus you are inconveniencing the tenant.