All Forum Posts by: Michael Plante

Looking for a remote investment rental in the Tampa, Clearwater and St. Pete areas. What are some of the promising areas within these cities? I visited Tampa once in July and loved the area. Of course I think it has tremendous possibilities like it’s always been the past 20 years.

Let’s get connected?

Thank you for your inputs :)

I'm not sure how you're getting financing for manufactured homes that have been moved more than once. Are you counting the manufacturer to the dealer, then to the buyer as 2x? 

 Hello Karmen,

I was once upon a time a Californian lol. I live in Houston and have been investing here since 2006. I would say you should come out and spend a weekend so that you can see the different areas and meet with different realtors. Whatever you do stay away from flood zones as the insurance for that property can eat up a lot of your cashflow. Also stay away from condos, and watch out about HOA dues. One thing many out of state investors dont realize how the property tax can raise based on what you paid for it thus when crunching numbers update what the new property tax will become based on the purchase price. Right now not many great deals unless you are do short term rental but be patient and dont feel like you will not find a deal. Use HAR.com to help look at local listings.

Best of luck

Luciano

Hi All,

I had a tenant move out and the tenant left the property in poor condition. It is a SFH. Property manager states that the flooring needs to be changed, whole house needs to be repainted, deep cleaning, changing bathroom vanity, replacing glass on some of the windows, and other misc things. I was quoted over 13k for repairs.

This is my first turnover. I plan on getting more quotes and contacting Eden, which is similar section 8, for some assistance. 

Does anyone know if housing assistance will help cover some of the cost?

Any other recommendations for a newbie like me? 

Thank you in advance. 

this attitude could keep price points up instead of falling like so many U tube alarmist are saying.    And where are all the crypto fan boys now LOL.. unless of course you bough in the beginning at 1k or so a coin. 

It is only the job of your PM if it is in the contract. It's something that should have been discussed with the PM at the signing of the contract. Since you are not local, who goes to the unit to allow entry for repair work/appraisers/etc? It should say if they do it and if so is it free or is there a cost. 

Quote from @Michael Plante:

What about snakes

would that be a hard pass for anyone here?

 Is that epoxy’d into the wall? 😂