All Forum Posts by: Nathan Krause

Thank you Mindy, Amber, and Scott for the informative replies.

The only thing I can really say from experience in to regards pm's being rewarded for having to find new tenants is that finding tenants is no fun.  It seems out of 30 calls 5 make the cut and then out of those 5 maybe one will actually sign the lease.

I learned on my first vacancy that long term tenants are the key.  

Communication is definitely key.  My owner was horrible with it.  You would never get him to answer his phone but a text was returned immediately.  Some things need a phone call, like when a tenant that has been dead in his apartment for 3 or 4 days and the sheriff's department wants you to break down the door because the tenant changed the locks without you knowing.  Can't really text that one.  Haha

Contractors will be a little harder for me.  I'm still fairly new to this area and learning who is good and who is not.  Had an amazing list of contractors at my old location but pretty sure asking them to drive 3 hours is not cost effective.

Again thanks for the wonderful replies.

Thanks for the reply Devin.  

Imagine my surprise when I did a forum search for a variety of phrases related to this post title and got 200 results.  Never would of guessed there would be so much discussion.

Sure I spent the last couple days reading through them and most responses were pretty generic.  Look out for hidden charges, watch how contracts were worded and things similar in nature.

I'd like to get deeper than that.  

As an example,

I used to scan all receipts and email daily and then send hard copies once a month with any additional hard documents I collected.  Owner seemed to enjoy that.

Hello everyone,

I am located in Central Wisconsin and working towards my goal of becoming a property manager.

I do have a little property management experience but would love to hear your thoughts on what you look for in a property manager?

Maybe also some things that are red flags?

Thank you for the warm welcome.

Hello,

I am from Central Wisconsin and am about to embark on my real estate adventure.  Hoping to learn a ton from the members of the forum that will help me succeed in my goals with real estate.

I am interested in buying rental properties in my area to use as a investment down the road when I decide (if I decide) I don't want to work anymore.  Currently I drive a semi for empoyment and love being behind the wheel.  I am about to change companies that will afford me the option to be home daily instead of just on weekends.

I am also about to start real estate school with my wife so we can both obtain our real estate license with the end goal of at least one of us getting a broker license.  We intend to use this license for our own purchases, but also to buy and sell for the general public as well.  

I am also very interested in getting into property management as well.

So as you can see we have very hefty goals.

A little about me.  I am an Army veteran who struggled to sit still after my service.  I have moved around quite a bit since being a civilian but thanks to my wife putting her foot down I have finally found a home in central Wisconsin.

I used to own and operate a pest control/wildlife removal business that I sold in 2014.  I had zero experience in pest control when I decided to go in that field and after spending months reading everything I could on it in forums or other media I took the plunge and never looked back.  Then in 2014 I decided to sell out to a competitor and have pretty much been miserable working for the man ever since.  That is until I climbed into my semi.  Sure I still work for the man but I spend all day in my truck alone being left alone.  No boss looking over my shoulder or calling me into the office to ask why production is down.  It is as close to being my own boss as I can get without being my own boss.  

Anyways,  I have been interested in real estate for years and just haven't took the plunge because of my nomad ways.  But since the boss said we are not moving anymore this seemed like the perfect time to start my research.

Sorry my introduction is long winded but I look forward to learning from the group and don't worry I always use the search feature before asking questions.  haha