All Forum Posts by: Matthew Paul

This is the worst time of year to find a tenant .  And when you said the management company takes a 550 credit score , all I see in your future are evictions .   We have a 650 minimum , but prefer 700 

There is no such thing as "affordable " housing .  There are too many factors that you cant control . The cost of labor , materials , property taxes , inflation , interest rates  etc . I dont know any investor that wants to see rents drop , NONE .   The government has tried it with section 8 and rent control in some cities , we all know the end result .

You would be better off starting a jobs program teaching the trades , educating them on finances and work ethic and then rebuilding abandoned properties for them to buy 

I have a rule , never do business with family or friends . Too much to lose besides money 

Is a $300K profit on a flip possible ?  It sure is . Is it probable ?  Highly unlikely .  

Just remember there are less people that can afford the 1 million dollar plus houses than can afford the $300 to $400 thousand dollar houses . There is less risk involved in the cheaper properties . Sure you could hit a grand slam , once or twice in your life , but constant base hits bring in the same amount of runs on a steady basis 

I would consider getting out of property management and getting into cleaning IF you think they are doing better than you . 

Just remember that $70 is the gross number they charge , they have to buy supplies , insurance , tools , vehicle , gas , workmans comp etc .  The grass may look greener on the other side , but is it really ?

@Giacomo Matthew Degl'Innocenti   Sounds like you should buy instead of rent 

Roommates suck .

 Thats how you run your business , not me 

Actually I am in charge of my rentals . If service is needed the tenant must let them in . Thats their responsibility . If they deduct it from the rent , they get charged for insufficent / late payment .