All Forum Posts by: Michael Bangsal

@Tom Ott

Why do you suggest turn key providers not use third-party management? 

Hi everyone,

I'm looking for recommendations of property mgmt in the Columbus, Ohio area. Preferably a company you've had good experience with.

Upon researching the third party property mgmt the turnkey company is using - lets just say I didn't like what I found. 

Thank you!

@Ben Guttman

Thank you for the assist. I'll reach out to them

@Ben Guttman

Im open to multi

The numbers look great when it comes to cash flow.

I've been hearing about the difficulty in dealing with local government + not so friendly with landlords .

I was looking for confirmation with property mgmt and hear their take.

@Ben Guttman

Single Family

I'm doing research on the Baltimore Market and wanted to get in touch with awesome property management companies you guys know of and would recommend.

Thank you !

@Eric M. Johnson

Appreciate the assist!

I evaluated this deal below:

Asking Price: $150K

Down Payment: 30% - $45K

Closing Cost: 3%

Total Money in: $48K

Approximate monthly mortgage: $775 ( PITI from realtor.com calculator)

Approximate rent ($1350) - Approximate mortgage ($775) = $575 cash flow 

$6900/ yearly cash flow.

14% Yield/ROI

Looks like a good deal based on how hard your money is working for you.

This is taking their asking price, but put in a lower offer and the deal is even sweeter.

Welcome @Eric M. Johnson

My brother attended the Naval Academy there and recently thought about looking into Baltimore because his roommate has a handful of cash-flowing rentals.

How's the vibe there? I hear there's pockets of good and bad neighborhoods just like any city but I was wondering if you could give your insight about a particular area if you're familiar.  

Here's the address:

3809 Ravenwood Ave, Baltimore, MD 21213 

3bd/1ba 1280sqft.

Do you know approximately how much this unit rents for?

@Account Closed Who do you reach out to if the property being sold includes the land? Do you find your experience using this strategy better than regular SFH

@Thomas S. Hey Thank you for your insight. Ill have to reach out to the agent and check with all those that you mentioned and find out if its worth pursuing.