All Forum Posts by: Mckenzie Mckean

Thank you for taking the time to reply. Your feedback is much appreciated. I will do my research and stead clear from charging or making a decision based on the animals. 

Hi, 

We are considering accepting a tenant who has two emotional support dogs. What type of additional money do you recommend charging for dogs? TIA

@Joshua Adlam

It is a small 2/1 that was left a mess from the previous owners who lost it to the bank. Thank you for your time and feedback!

@Preston Porter thank you for this insight! I appreciate your feedback!

I have purchased a foreclosure house via auction.com that is out of state. I’ve never seen the property and I am searching for a proeprty manager.

The town this house is located in is very s mall and it has been difficult to find a local proeprty manager. In my search for a proeprty manager, I’ve been in contact with a local real estate agent who is very knowledgeable on the rental market and the neighborhood in which I purchased the house. He himself used to own properties on the same street and used to manage properties but has since given up being a proeprty manager and sold his homes many years ago.

He was hesitant to be a proeprty manager again because he said that it’s hard to make it worthwhile financially. However, he has agreed to be my property manager in a unconventional way in the sense that he can be in charge of getting the house in shape to be rented, using his local contacts and maintenance people to do any work that is needed, finding a tenant, fielding any calls from said tenants and making sure his maintenance guy fixes any issues.

But once he gets the tenant in place, he doesn’t expect there to be too much work so does not want to charge me on a monthly basis. He also travels quite a bit so he expects to not be at the home at all once there is a tenant in place.

For these reasons, he has suggested that I pay him an hourly fee for any time he spends working on the proeprty. He suggested $30 an hour or asked me to come up with an payment agreement I would feel comfortable able with.

Can you please share any advice or recommendations for my situation? Is his offer reasonable or should I offer something else? I would love any feedback.

Lastly, I should mention that when I speak with him I am very impressed with his knowledge. He definitely knows the market, the street, the clientele, and he’s an all around good guy.

Thanks for you help!!

@Odie Ayaga thank you for sharing his insight! Definitely going to think about this one.

@Kenneth Garrett thank you for sharing his insight! Definitely going to think about this one.

@Ryan Blake thank you for sharing his insight. You make a great point.

@Eduardo Conde thank you for sharing his insight! Definitely going to think about this one.

I have found a house that I would like to bid on at auction and use the BRRRR strategy. I think I can buy it for $150k and the ARV once fixed up would be around $320k. We can afford to buy it using our 2 heloc loans. However, we won't have money to do the remodel right away. I'm looking for suggestions on how to finance a remodel after purchasing the property with our own money.

In addition, we have planned to be out of the country for the next 4 months, so if we bought it at auction on Monday, we would not start renovations for another 4-5 months. For this reason, we don’t think it’s the right move to use a hard money lender for purchase and remodel because of our slow start to beginning the remodel. I’d love any feedback on ideas to finance the remodel. TIA!!