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All Forum Posts by: Matt D'Amore

Matt D'Amore has started 3 posts and replied 5 times.

Post: Property Management plan

Matt D'Amore
Pro Member
Posted
  • Rental Property Investor
  • Massachusetts
  • Posts 5
  • Votes 1

Hi All,

Happy New Year! I have been working as a property manager for a local business in my hometown for about two years now. It has been going really well and I believe the owner is happy with the work I have done. There are 8 buildings on a 12 acre parcel with 5 being fully occupied with commercial tenants. It has been bugging me that I have been managing on a more reactive basis, for example, if a tenant has a problem with a leaky sink, the HVAC stops working, a roof leak, etc. we will call someone in to repair it after the problem occurs. I have yet to create a system that could help get in front of some of these issues. A goal of mine for 2022 is to develop a plan that allows me to operate on a more proactive basis. My hope is that this will help minimize the amount of tenant "emergencies" and the prolong the life of the asset. Does anyone use a preventative maintenance check list or plan on a weekly or monthly basis? 

As a newbie in the world of real estate, I welcome all suggestions or advice you may have. Thank you in advance!

Post: Massachusetts house hacking advice

Matt D'Amore
Pro Member
Posted
  • Rental Property Investor
  • Massachusetts
  • Posts 5
  • Votes 1

@Mason Hickman All awesome ideas. Thank you again for your help!

Post: Massachusetts house hacking advice

Matt D'Amore
Pro Member
Posted
  • Rental Property Investor
  • Massachusetts
  • Posts 5
  • Votes 1

@Mason Hickman Thank you Mason! All things consider I would offer over asking to get into the game (if the numbers still made sense) but due to my pre approval states I can afford, are there any other ways to provide a compelling offer that doesn’t involve putting in more money?

Post: Massachusetts house hacking advice

Matt D'Amore
Pro Member
Posted
  • Rental Property Investor
  • Massachusetts
  • Posts 5
  • Votes 1

Hi All! My name is Matt D'Amore and I am 24 years old. I have been taking the steps to purchase my first house hack for about 6-8 months now. Getting pre-approved, working with a real estate agent, checking out the few multifamilies and single families for sale in my area, etc.  Living on the south shore of Massachusetts, I have realized that even the few multifamily homes and many single family homes for sale are way out of my price range or if they are in my price range, given the current market, are scooped up fast or are purchased well above asking. I currently live in my hometown with parents so I am saving a lot of house costs and work full time in my hometown so travel to work is not a big expense either. I would like to remain close to work to continue to mitigate my travel expenses, however getting into real estate is my number one goal at the moment. I am looking for any and all advice on how I should go about breaking into an expensive market like the coast of Massachusetts to do a house hack. Thank you in advance for your help!

Post: New Member Introduction

Matt D'Amore
Pro Member
Posted
  • Rental Property Investor
  • Massachusetts
  • Posts 5
  • Votes 1

Hello!

My Name is Matthew D'Amore. I am 23 year old from Plymouth County, MA. The idea to invest in real estate came to me a few months after graduating from college about 2 years ago. Once thing that sparks my interest in real estate is that I am able to invest in something tangible. I have done my research on various types of investments, and although I wish to some day invest in multiple markets, I think being able to invest in something one can see, create a specific marketing platform for, and fix myself (hopefully not too often) is extremely cool. Since graduating I have been working as a property coordinator for an 11 acre commercial property, assisting in leasing, tenant relations, and maintenance. I thought this would be a great place to begin learning the ins and outs of real estate. My current occupation has helped me gather so much experience. While working, I have also been listening to Biggerpockets podcasts, watched webinars, and reading articles such as "The Beginner's Guide to Real Estate" to try to absorb as much information as possible.

I definitely still feel like a complete novice in the world of real estate investing so I am hoping to be able to connect and learn from people within the Biggerpockets community to hopefully clear the air and answer some questions I have. I am excited to continue to learning the ways and meet some experienced professionals along the way.

Best,

Matt D'Amore