All Forum Posts by: Michael DiNuzzo

Hi All, 

I have a condo in west palm and am looking to rent it out, anyone have any property managers that they recommend?

Will be sure to pay knowledge forward as we should in this community! 

Short Term Rentals...what is the AVG property mgmt fee?

Curious to know what the industry standard is, was informed by a few that it ranges anywhere from 10-20%. 

for that 10% difference is there a difference in service I should expect?

Is there anything specific that I should ensure that they do/are responsible for?

Appreciate any insight!

M

Hi All, 

Looking to gain some insight on short term rentals internationally, specifically Spain and Italy. Would love to chat with anyone who has done this already and or wants to just chat how amazing other parts of the world are. 

Curious to understand the implications of purchasing internationally, the steps, pros and cons. 

Cheers, 

MD

A new investor trying to narrow down on markets, I have had some great conversations so far but not one area has really spoken to me.

Is the number one factor you look at job growth, population increase, etc?

Share the input, I will gladly pay it forward. 

Hi All, 

Happy 2021! 

While in the start of my investment journey of trying to find out of state rentals, I am also looking for my primary residence. 

I am looking to purchase a multifamily and rent out the other unit/s. My concern is that Long Island NY is very expensive so there is very good chance that the rent collected will not cover my mortgage and I will still need to put up towards the loan. So I began to wonder the below...

1) Is it still worth it to buy the multi family and "househack" even though I will still have to lay out cash for the monthly expenses

2) Is the headache of tenants not worth it in this case? or does it serve as great starting experience as a land lord

3) Should I just opt for a single family home, if so why?

4) Would I have to keep the current tenants? ( may be a month to month arrangement) if so what should I do to screen them?

5) I will need to move into one of the currently occupied units, so should I have the current owner inform the tenant that has to leave?

6) can the above be part of the purchase stipulations ? 

7) What documents should I request from the current owner prior to a purchase (tenant estoppel, screenings, etc)

8) Will this purchase have any affect on my possible next out of state purchase

any and all other advice is appreciated! THiS WOULD BE A GREAT HELP

I will be sure to pay it forward!

Cheers,

Mike

Hi All, 

Happy 2021! 

While in the start of my investment journey of trying to find out of state rentals, I am also looking for my primary residence. 

I am looking to purchase a multifamily and rent out the other unit/s. My concern is that Long Island NY is very expensive so there is very good chance that the rent collected will not cover my mortgage and I will still need to put up towards the loan. So I began to wonder the below...

1) Is it still worth it to buy the multi family and "househack" even though I will still have to lay out cash for the monthly expenses

2) Is the headache of tenants not worth it in this case? or does it serve as great starting experience as a land lord

3) Should I just opt for a single family home, if so why?

4) Would I have to keep the current tenants? ( may be a month to month arrangement) if so what should I do to screen them?

5) I will need to move into one of the currently occupied units, so should I have the current owner inform the tenant that has to leave?

6) can the above be part of the purchase stipulations ? 

7) What documents should I request from the current owner prior to a purchase (tenant estoppel, screenings, etc)

8) Will this purchase have any affect on my possible next out of state purchase

any and all other advice is appreciated! THiS WOULD BE A GREAT HELP

I will be sure to pay it forward!

Cheers,

Mike

Hey Tom, 

I am in the area currently and would need some more details to see if it makes sense in my opinion. Willing to chat if you would like to run through some thoughts, let me know.  

Hey Jamie, 

I would have to say the below are worth the read...especially with all the extra time we have these days!

1) Rich Dad Poor Dad

2) The Creators code 

3) What you do is who you are

Hi All,

Looking to start my out of state investment journey and trying to lock in on a market.

Trying to get insight and connections in the following markets, Birmingham, Huntsville, Saint Louis, and Jacksonville.

Also open to new ones and would love some feedback with your experiences.

-Land lord/tenant laws

-Key questions for your property management teams

-Key questions for realtors you're working with

Let's get 2021 going! Appreciate it in advance

@Dominique B.

Congratulations! I am chasing my first now!

Trying to pick a market that I see potential in. What made you choose yours?

All the best!

MD