All Forum Posts by: Matthew Vogel

@Bjorn Ahlblad thank you, I was unaware of this.

@Kyle J. Thank you, I was unaware of this.

My wife & myself currently have 2 rental propertys of our own, and manage them ourselves. One of my best friends is currently buying a property to rent. Hes asked us to mangage his property because we are familiar with the laws and regulations of our state. We already have all the documents he would need to start renting. The one item I dont have is a landlord - Property Management agreement.

My question to you guys is, do any of you have a contract between landlord and property management you'd be willing so share with us? Or know of a good resource to find such contracts? I dont feel comfortable to have a verbal agreement with my friend.

Thank you for the input in advance.

@Michael Burton

I totally understand. Thank you for your time brother!!!

@Michael Burton

thank you for your input, iv never had it put into that context before. The way my brain works is I can pay both notes off in 2 years and be debt free again. Putting me theoretically with pure profit besides tax & insurance for the rest of my life. Isnt it better to have the almost (rented) guaranteed profit with no risk then adding more debt with higher risk?

I'm 23 years old and just bought my 2nd property. My first property i hold a $62,000 conventional 30 year fixed-rate at 4% and my second i hold is $64,000 conventional 30 year fixed rate at 3.125% both property's I am making an annual 22% cash on cash return. My question is, should I hold the mortgages and make minimum payments and use the interest paid as tax deductions? Or take my next to years income from my W2 job to pay off both units free and clear and avoid many years of interest? As of now I'm not interested in pulling Equity to reinvest witch I know many of you will recommend. What is everyones recommendations and strategies with my current circumstance???

Thank you in advance.