All Forum Posts by: Nathan Robenhymer

Hi all,

I am looking to connect with other real estate enthusiast in my area that I can connect with. I have been full time in real estate for five years now working as a property manager and licensed agent in Rhode Island. Something I am curious about is what investors look for in their property manager and what experiences they have had with property management. I am also looking to grow my portfolio and share what knowledge I have with investing in Rhode Island. Thank you for reading and I look forward to making new connections.

All the best,

Nathan Robenhymer

Hi Dan I am new to the apartment complex investing. I saw you had the same question five years ago. I am wondering if you have had any luck since then? 

Hi Jacquelyn!

I have heard of some rental markets requiring tenants to being their own appliances. In most cases it has only been washers and driers that the tenants needed to bring. With the 250+ properties that we manage, including my own properties, all of the appliances are included. I believe it creates a piece of mind knowing what exactly is in the property and I can ensure they are properly maintained. It is also a good selling point for perspective applicants. I also would not go with "cheap" products. They will just create more hassle for you in the long run. It's best to spend a little bit more for the higher quality products (GE, Frigidaire, LG, Maytag) but it does not need all of the fancy accessories.

Hi @Anthony Thompson

Thank you! And thank you for your question. It has been an exciting venture so far. The property is a two unit and I will owner occupy one unit for the time being. My rate is 2.75%.

Yes, my lender had a lot to do with that. Rockstar lender . . . check. 

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $390,000
Cash invested: $15,000

What made you interested in investing in this type of deal?

I have always had an interest in real estate investing which probably stems from my father. His real estate investments put a roof over my head and got me through college. Now my wife and I are venturing out our own investment properties.

How did you find this deal and how did you negotiate it?

Networking! I got in contact with another Realtor in the Providence area.

@Luis Prieto

Hey Luis,

You just need to put your foot down and demand the money. I’m not sure which state you’re in but in RI there is a 5 day grace period for payments to be turned in. On the sixth day if payment has not been turned in we send out 5 day demand notices which are pretty effective.

Do you charge late fees? If so keep tacking those on.

Thank you for the tips and glad to be here! Jake I would buy and hold as a rental. Alex I will check that out. Thank you for the link! 

Hi all!

I've been a listening to the BiggerPockets podcasts for a while now and this is my first post. I recently came across a property that I'm interested in purchasing as an investment (it would be my first) but I'm not sure if it is a good deal or not. How would I go about determining this?

-Nate