All Forum Posts by: Michael Randell

These recent forum changes are even more horrendous than the last..

Apologies for the post guys. Just got an answer so I will be removing.

Hey guys, just a quick bit of food for thought and discussion.

I understand that screening tenants is crucial nowadays but I am starting to think that going with a month to month lease agreement for new tenants will be a good way to counteract the effects of COVID. The potential of renters losing their jobs and becoming delinquent is a huge concern for me as I am reading story after horror story of squatters, etc. There is also a good chance that dealing with the courts might end up being even more of a hassle when the eviction moratoriums end with backlog, delays, etc.

Then again, on the other side of the coin, I will probably be cutting my renter pool down because of the fact that the renter would not have the security of a long term lease in these times.

I might have just answered my own questions but you guys have any thoughts?

Hi Russell, I really appreciate your comments on these recession doomsday threads. If you don't mind me asking, I'm very interested in where you found this data, can you point me in the right direction?

@Mitchell Jaworski thanks for the response, I actually follow your blog scaredy cat guide as well! Really good stuff and I appreciate your work sharing. 

I have been just saving up money on the sidelines for a while at this point and am itching to get a deal but just have the feeling that waiting a couple more months to see what the next batch of numbers look like before diving into a deal at this point in the cycle might be a good idea. 

I'm planning on coming to the next Delray beach coffee with investors meetup! Any others you can recommend?

Hey South Florida people! Just trying to gather some thoughts and figured I wouldn't be the only one with this question on my mind so here it goes..

I have two deals under my belt and my feel/opinion lately, compared to last year, is that I have a tiny bit more confidence in the overall market down here in but honestly still have a good bit of above average hesitation when it comes to fully going through with a deal. I'm mostly focused in Palm Beach County multifamily 2-4 units but also sometimes expand my search into Broward but would be super interested to hear some thoughts from you any of you guys in the community here.

Side note: This might sound silly but I don't know if I have been scared off a bit because past 3-4 months I have been I following this alliedrealtygroup blog and while it does seem to be a bit on the doom and gloom side of things, the numbers presented in some of the recent posts are hard for me to dispute sometimes and I'm sure my perspective has been somewhat skewed since I started following and reading their posts. http://www.alliedrealtygroup.com/market-outlook ...

Anyways though guys, would love to share and see what's on your minds..

Thanks,

Michael Randell

Tags: Palm Beach, West Palm Beach, Boynton Beach, Lake Worth, Jupiter, Palm Beach Gardens, Juno Beach, Tequesta, Riviera Beach, Royal Palm Beach, Wellington, Loxahatchee, Fort Lauderdale, Delray Beach, Boynton Beach

  Hey Jon, can you add me to the email list as well? Thanks!

 Thank you for the response!

hey @Mike Dymski, thanks for the post, good perspective. I have read a lot of your stuff here on BP, thanks. I'm curious though what you think when you say, "If you are a market appreciation only investor, ignore this post...that can require some market timing." 

Market appreciation, i.e. buy and hold real estate is my current strategy with a focus towards market appreciation..My idea is that long term buy and hold would be a "safeguard" against recessions.

Hey Holly, I'm curious as to what route you have gone with passive real estate investing...I'm in the same position working 50 hours a week at my job and my family's business. I have been looking into syndications lately and trying to research other passive options. Do you have any suggestions or tips you can share? Thanks :)