All Forum Posts by: Michael Sharp

@Nate Julian what do you use to self manage? I'm thinking about going with COZY after my contract is up. I just do not feel 8 or 10 percent of rental income going to them is worth it. I have a quadruplex here and 99% time they just collect their percentage.

@Rhett Dean what do you use to self manage your units?

I am about to start self managing using COZY but first I'm trying to get to know someone who already uses it.

I use Reside at my fourplex here in Logan. Great people so far.  

@Nate Julian we would like that but it won't let us put any contact information on here.

Hello, we close tomorrow. We signed with property management company unfortunately for a year. My wife has volunteered to work free for any management company. No one will give her the time of day. She is considering going to school for real estate agent. She went to school for interior design but we are retired military so never got to use it. She would love any pointers. Because she has dreamed of doing this and she wants to take over management in our next four 4 plexes ( my goal is 5 ) Tonight we are trying figure out dog breed restrictions to let them know in morning closing.

I think I should try to learn more before I self manage. There is a lot to learn. I close next week Wednesday. I think I'm going with Reside property management. I heard from a lot of professional people they're much better than Reeder Asset Mgmt. I plan on doing it for a year then during that time see if I can learn the administrative side. Plus the rents are extremely too low ($550 and the market here is starting at $725 for totally roach trashed - mine isn't ) so, going be ALOT of drama raising rents that much. Thanks for all the amazing advice though. 

Hello, I'm closing on a fourplex next week here in Utah. A small but growing town called Logan. I just retired from the military. I can't find any answers anywhere so I thought I would try here. I would love to self manage my first rental property, but I do not know how or where to get leases or anything set up. I am totally dumb as a rock in this area. I being told by realtors just pay 10% to a property management company is your only choice. I took good landlord program class. I can get a landlord business license for 10 dollars because of that class. But I know nothing about drafting a lease or all those many, many forms that must be filled out. I have listened to bigger pockets podcast a few times but all the talk about is after you have million doors or so. I can't find any information for complete newbies. I found books that break down numbers BUT things I NEED to know such as leases, pet adedums, etc. ALL the books I read just say give them one nothing says where or how to get all the stuff. Seems like EVERYTHING I read glances over the very first basic step and account set up in a NON LLC or business (loan can't be it's VA loan) where to get a lease, etc. My problem is the very, very basic stuff like that stuff does it fall from the sky and magically give it to somebody? I close next week I guess self managing is rocket science I have a masters degree and a retired army medical person and this is incredibly difficult to know the extreme basics I know the advanced stuff bigger pockets is filled with the ADVANCED million door people nothing in detail from ground zero. Can anyone help??