All Forum Posts by: Mike Boss

 When is the next meet up in Thousand Oaks? 

I have a PM because I am an out of state investor. My PM collects rent, book keeping, finds and screens tenants, etc. 

I’ve realized most of these things I can do myself. One thing that I might have difficulty with is finding tenants. I don’t really know how to do marketing. 

What would be some ways that I could find tenants? What questions should I ask them? 

Where can I draft a good lease agreement? 

What app or website should I use to collect rent? 

Should I try managing myself or should I just keep the PM? 

I’m looking to buy 2-4 unit out of state rental properties in the $150k range. My goal is to cash flow around $600/m from every property I buy. I currently own a duplex that cash flows $650. 

For a duplex I would prefer 3 bed on each side with rents of $900-$950 on each minimum. Price $150k and below. 

For triplex and 4 plex I would like it to be under $200k with a goal of hitting $150k price range. Gross rents need to be $2200 or more. 

I prefer realtors who own rental properties or have many clients that are investors. I plan to talk different strategies. I normally put 25% down with a DSCR loan. However, I'm thinking about doing brrrrs. My goal is to one day own 10 properties cash flowing $600/m each.

Some markets im interested in are Midwest. Ohio (Cincinnati, Dayton, Columbus, Cleveland). Indiana (Indianapolis), Pennsylvania (Scranton and Western PA)

Florida (Jacksonville, Orlando, Panama City, outside of Miami). 
Texas (Dallas, Wichita Falls). 

I prefer the Midwest and am liking Ohio. Plan to invest by the end of the summer.