All Forum Posts by: Matt Bertsch

@Richi Brown 

I am actually reading Richest Man in Babylon right now! Welcome to the BP family! I am located in Pennsylvania, specifically the Lehigh Valley, and I focus on value-add Multifamily...In case you need them, here are few things to check out as you work your way around the site:

Find and connect with other BP members that are in your area: https://www.biggerpockets.com/search/users

Set up some keyword alerts to notify you when members are discussing something that interests you. I use this a lot for location based discussions: http://www.biggerpockets.com/alerts

Read Beginner’s Guide: http://www.biggerpockets.com/real-estate-investing

Check out the BP Podcasts. There's tons of great info in these: https://www.biggerpockets.com/podcast

Start building your network by finding and attending meet-ups in your area: https://www.biggerpockets.com/events

Let me know if I can help you with anything else. Good luck.

-MB

What's up BP folks...Any self storage investors on here? I am curious about the space and looking to learn more about it. Specifically how you underwrite your deals. How you manage them once acquired. Etc. I've searched the forums and haven't seen a ton of information. Anyone who could provide any information would be greatly appreciated! 

Thanks,

MB

@Jason S Martinez it depends on what you want to do with the deal. I assume you're looking to force appreciation and then refinance out. If so, some of the best advice I received was to buy on the actual numbers (current rents and your expenses), do a solid due diligence and be sure to get a copy of the signed leases. You're bound to the current lease. So, for example, if you want to raise rents but all your tenants are on leases for the next 8-10 months that is going to be near impossible. If the lease states that the landlord pays all heat and utilities, then you're bound to that and must incur the expense until the end of the lease. If the seller tells you the rent is $850 per month but the lease states $700...it's $700 until the lease term is up. If everyone is on a month-to-month you obviously have a the freedom to begin repositioning the property much sooner! If you make sure to keep those 3 items in mind and the numbers work for you then all you have to do is manage the property. Best of luck! -MB

@Joe Cox If you want to dive into specifics, Brandon Turner's, "Book On Managing Rental Properties" includes a section called, Landlord/Tenant Resources for the 50 states. In there he breaks down different laws that are good to know per state. Some of the laws he includes are How many days needed before you can serve a notice to quit, Lease Termination, Notice to Enter etc. He then includes a link to each state's Landlord/Tenant Laws website. If all else fails, have a lawyer give you a hand...some things are just worth the money. Best of luck

-MB

@Fadi Tarapolsi

I have an IT background as well. Welcome to the BP family! I am located in Pennsylvania, specifically the Lehigh Valley, and I focus on value-add Multifamily...In case you need them, here are few things to check out as you work your way around the site:

Find and connect with other BP members that are in your area: https://www.biggerpockets.com/search/users

Set up some keyword alerts to notify you when members are discussing something that interests you. I use this a lot for location based discussions: http://www.biggerpockets.com/alerts

Read Beginner’s Guide: http://www.biggerpockets.com/real-estate-investing

Check out the BP Podcasts. There's tons of great info in these: https://www.biggerpockets.com/podcast

Start building your network by finding and attending meet-ups in your area: https://www.biggerpockets.com/event

Let me know if I can help you with anything else. Good luck.

-MB

@Chad Spain 

Welcome to the BP family! I am located in Pennsylvania, specifically the Lehigh Valley, and I focus on value-add Multifamily...In case you need them, here are few things to check out as you work your way around the site:

For more information on the BRRRR strategy check out David Green'es book: https://www.biggerpockets.com/store/brrrr-ultimate

Find and connect with other BP members that are in your area: https://www.biggerpockets.com/search/users

Set up some keyword alerts to notify you when members are discussing something that interests you. I use this a lot for location based discussions: http://www.biggerpockets.com/alerts

Read Beginner’s Guide: http://www.biggerpockets.com/real-estate-investing

Check out the BP Podcasts. There's tons of great info in these: https://www.biggerpockets.com/podcast

Start building your network by finding and attending meet-ups in your area: https://www.biggerpockets.com/event

Let me know if I can help you with anything else. Good luck.

-MB

@Cole Farrell

@Kenneth Blackman

Welcome to the BP family! I am located in Pennsylvania, specifically the Lehigh Valley, and I focus on value-add Multifamily...Here are few things to check out as you work your way around the site and work to get your investing career off the ground

Find and connect with other BP members that are in your area: https://www.biggerpockets.com/search/users

Set up some keyword alerts to notify you when members are discussing something that interests you. I use this a lot for location based discussions: http://www.biggerpockets.com/alerts

Read Beginner’s Guide: http://www.biggerpockets.com/real-estate-investing

Check out the BP Podcasts. There's tons of great info in these: https://www.biggerpockets.com/podcast

Start building your network by finding and attending meet-ups in your area https://www.biggerpockets.com/events

Let me know if I can help you with anything else. Good luck.

-MB

@Ulisses Terriquez 

Welcome to the BP family! I am located in Pennsylvania, specifically the Lehigh Valley, and I focus on value-add Multifamily...In case you need them, here are few things to check out as you work your way around the site:

Find and connect with other BP members that are in your area: https://www.biggerpockets.com/search/users

Set up some keyword alerts to notify you when members are discussing something that interests you. I use this a lot for location based discussions: http://www.biggerpockets.com/alerts

Read Beginner’s Guide: http://www.biggerpockets.com/real-estate-investing

Check out the BP Podcasts. There's tons of great info in these: https://www.biggerpockets.com/podcast

Let me know if I can help you with anything else. Good luck.

-MB

@Bob Taylor 

Welcome to the BP family! I am located in Pennsylvania, specifically the Lehigh Valley, and I focus on value-add Multifamily...In case you need them, here are few things to check out as you work your way around the site:
Find and connect with other BP members that are in your area: https://www.biggerpockets.com/search/users

Set up some keyword alerts to notify you when members are discussing something that interests you. I use this a lot for location based discussions: http://www.biggerpockets.com/alerts 

Read Beginner’s Guide: http://www.biggerpockets.com/real-estate-investing 

Check out the BP Podcasts. There's tons of great info in these: https://www.biggerpockets.com/podcast 

Let me know if I can help you with anything else. Good luck.

-MB