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All Forum Posts by: Michael Bowman

Michael Bowman has started 1 posts and replied 142 times.

Post: Introduction - Dan Bryant

Michael BowmanPosted
  • Investor
  • Charlotte, NC
  • Posts 187
  • Votes 137

Nice connecting with you Dan! I own a real estate and property management company in Charlotte, NC as well as the Triad. Looking to open our Raleigh office within the next 6 months. Hows the market looking up that way? Are there a lot of good property managers up there or a need for it like virtually every other market I have seen? :) 

Look forward to connecting! 

Good afternoon Michael! 

Well I must disclose I am somewhat impartial to the property management business as I own one, however I do not manage anywhere near Baltimore, so I feel this advice will be fair and unbiased. Though I always strive for that, we all have natural biases when we have skin in the game. I hope my experience managing 900 rentals will prove to be of value to you. 

To answer your initially question about the safest way to set up self-assisted showings, I'm not sure there is one. The best resource I have seen is Rently. It is a lockbox that is placed on the front door and prospective tenants can enter their credit card info into Rently customer service, get a hold placed on their account, and view the home. There are a few problems here however: 

1. I have never priced this, but I heard Rently is very costly to roll out, and may never make sense for a small portfolio.

2. I still can't wrap my head around the insane amount of liability on your head when a prospect whom has never been vetted in any way shape or form views your home unassisted. From damages to the home, to potential injury to the prospect, the risk-adverse side of me cringes at this idea. 


But it's an option... 

I think your best route will be to hire a good, high quality, high protein property management company. I will say this, there aren't many of us out there, and you cannot interview enough. Interview, research, interview, research, rinse, repeat. A bad property manager will cause more destruction than you can imagine, however a good one will ALWAYS make you more in the end. 


My major factors that matter most in hiring a good PM: 

1. Communication: How do they funnel rental leads, manage incoming calls, etc. What are their hours of operation? We are open 8-7 monday-friday and 8-5 on Saturday. You can call us anytime during those hours and you will reach us with ease. Most PM companies however you have to jump through 14 different hoops then you're stuck with a voicemail and never get a returned call. This is by far the biggest point to hire by in the PM world.

2. Reviews: If a PM company sucks, it wont be hard to find that out by a quick google search. We have a 4.5 rating on google with 59 reviews. We are also on virtually every other website available with positive reviews across the board. We aren't perfect, and so many prospective clients ask about the negative reviews online to which I give a good explanation for. But nothing tells a company more than their online presence. If they have no or little reviews, they are either a mom and pop or aren't experienced. If they have a bad google rating, you don't want them. You want the company with overall good reviews and plenty samples to choose from.

Notice what isn't in my top things to hire a PM? Price. Of course that is important, but quality, excellence, and a track record of success are top priority. 

Let me know how else I can help! 

Post: Need Lender for Duplex in Charlotte, NC

Michael BowmanPosted
  • Investor
  • Charlotte, NC
  • Posts 187
  • Votes 137

Good afternoon Melanie! I have personally worked with Tom Peters with Allegacy Credit Union and also Charlotte Metro Credit union and Maddie Burch. Have gotten several portfolio loans through them without an issue. 

I would also suggest if you haven't used your 10 loans through Fannie Mae, to go the tradional financing route on the first 10. Better rates, longer terms, fixed rates, etc. 

Also would like to provide a quick "blurb" about myself and my company in the event you need a realtor or property manager to assist: 

My name is Michael Bowman. I own a real estate and property management company based in Charlotte North Carolina. I may be a little biased, but I think we are the best in the business and wold love to assist you ;)


We currently managed 925 rental properties including many multi family communities. Our largest that we manage is 110 units, however we also manage several mid size communities such as 24 units, 28 units, 49, 80, and hundreds of SFRas well.

You can check us out online and see our hundreds of reviews on Google, Zillow, Trulia, Angie's List, Thumbtack, and so on and so forth. We currently have 366 reviews online, and a 4.8/5 average score.


Lastly, we also have a real estate brokerage section of our firm that services the needs of SFR and MF acquisition for our clients. So if you need an investor friendly real estate agent, we would love to help.


Send me a message if you would like to open up the dialogue and we can get started! 

Post: My first 12 months wholesaling houses in Charlotte! The truth!

Michael BowmanPosted
  • Investor
  • Charlotte, NC
  • Posts 187
  • Votes 137

Love the transparency. Everyone wants it to be easy, but it isn't. Good work man, keep it up! 

Post: Winston-Salem, North Carolina (NC) Rental Market

Michael BowmanPosted
  • Investor
  • Charlotte, NC
  • Posts 187
  • Votes 137

Hey Anatoly! 

The market in the Triad is significantly slower than Charlotte. To compare the two would be an egregious error. Charlotte is one of the fastest growing cities in america. From the property values to the rental rates, we have it made here. Our average DOM is 21-30 days here in the Charlotte Proper, and around 45 DOM in the Triad. 

There is significantly more inventory there, prices are much lower, and there isn't the supply and demand crisis that there is in Charlotte. 


That said, a lot of our investors here in Charlotte have been priced out of this market and are heading up north. The returns in the Triad are much more attractive from a pure numbers perspective. 


Just some random thoughts all across the board. Hope that helps! 

Post: Being a Broker vs. a Flipper

Michael BowmanPosted
  • Investor
  • Charlotte, NC
  • Posts 187
  • Votes 137

Intersting note. I am both and have never had an issue. The key is simply act ethically and professionally in everything you do, disclose anything that needs to be disclosed, and hold yourself to a higher standard than even the public would hold you to, and you will be fine. 

Post: Looking For Attorney Recommendations in Charlotte, NC

Michael BowmanPosted
  • Investor
  • Charlotte, NC
  • Posts 187
  • Votes 137

Good afternoon! The firm of my choice is Bond Law Firm. Let me know if you have any questions. Thanks! 

Post: looking for rentals to buy in Charlotte

Michael BowmanPosted
  • Investor
  • Charlotte, NC
  • Posts 187
  • Votes 137

Hi Joe! Ask and you shall receive! I own a real estate firm in Charlotte NC that does sales (primarily to investors), construction, and property management. Would love to connect with you more! 

Kindly PM me your contact information as well as what you are looking for, so we can connect. 


Thanks! 

Post: Looking to invest near Charlotte NC

Michael BowmanPosted
  • Investor
  • Charlotte, NC
  • Posts 187
  • Votes 137

Hello all! 

We would love to assist you with purchasing some rental properties. I am one of the top investor agents in the area, and have excellent experience in the construction and property management business as well. 

Let me know how I can assist! 

Post: Looking for a real estate agent in Charlotte, NC

Michael BowmanPosted
  • Investor
  • Charlotte, NC
  • Posts 187
  • Votes 137

Hi Darrell! Would love to assist you. I understand selling your listing is a huge responsibility, so allow me a moment to explain why you will not go wrong listing with my firm! 

I own Bowman Real Estate LLC. I am one of the top agents in the Charlotte MSA. I did 447 transactions in 2016, good for top 5 in my market. I am also an investor myself. I personally flip 30 homes or so a year, manage 500 rentals, and have a very intelligent team.


Let me know when a good time to connect would be!