All Forum Posts by: Matthew Roberts

@Lucas Duce lots of good info here. Unfortunately they have given a months notice. They had been here for 8 years, and agreed on no lease for time being. We’ve been working with each other (they were looking for a house) and had agreements in place to make it so neither of us get screwed. A little short notice, yes. Inconvenient, as we are leaving the country this month. But first time we have to find a new tenant, and very nervous. Is August a good time of year for this?

@Sam Shueh animals no issue for us, we have pets of our own. Fenced in yard separate from other unit helps as well.

@John Underwood awesome heads up. What sites are available to screen possible tenants? If there are any.

Tenants leaving, this is going to be our first time in our multi family we will have to fill the void. We are very nervous about the process, and nervous we miss the boat, and become behind. Any advice? Or just experiences along the way I can learn from, to better prepare myself?

Last year we bought our first multi-family. Great location, very happy. Moving forward, we are going to start looking at other properties to grow. Would it be a bad choice to use equity from the home we have as a down payment on the current property? If there are other strategies, please share. Would like to make the 20%.

Thanks!

 Have already made changes in our unit. New countertops, floor in bathroom, kitchen sink, added microwave. getting rid of old deck and making patio, closed fence in. Going to do the same on the other side. Will paint the trim as well to make more modern looking. 

 We still have part of the mortgage to pay ourselves. Not pocketing any really. BUT, we are still able to do this, and this is a great idea. Thanks for the input!

 Looking to keep the property as a rental. Not forever home.

Hey everyone, first discussion on here. My fiancé and I made our first real estate purchase in May. We got a nice multi family, 2 unit home. Basically, we're real excited. However, I'm also nervous, and just curious how things go after. We have tenants, not worried about that, been here for a long time prior. I am simply looking for advice moving forward, how to get started on my next move, especially when we have little money now, and cant get real cash flow until we move. What are some things people have done to increase value of the properties they have as well, in similar situations. I'm not really sure, just looking to get a discussion started, and learn some. 

Thanks, 

Matt