All Forum Posts by: Account Closed

Welcome Chris, I live and invest in Biloxi and OS area. You have found a great resource in Bigger Pockets. Good luck in your endeavors. Bryan

@Ken Cooper I don't know if a REIA here on the coast either. I am an active realtor on coast and can answer some of your questions. Feel free to contact me for an update.

@Gregory Tregre Give me a call when you're on the coast.

Hey Darron and welcome to the community.

Do a self assessment before spinning your wheels any further. Write down who you are and where you want to go. Take an inventory of your skills and personality. Good with your hands? Like negotiating? Hate talking with strangers? What assets do you have available or resources might you qualify for? There is a lot of info on the web ref self-assessment and personality inventory. This should lend some focus to your search for a REI method or niche. Remember, start with the end in mind. Good Luck

@ Patrick Connell the servicemember, while in military service, executes the lease and thereafter receives military orders for a permanent change of station or to deploy with a military unit, or as an individual in support of a military operation, for a period of not less than 90 days. http://www.law.cornell.edu/uscode/html/uscode50a/usc_sec_50a_00000535----000-.html

@Elizabeth Colegrove are you saying you check their orders bringing them to town before renting to them?

This is something that I started doing. We have an AF base in Biloxi which also happens to be a training base. One of my first tenants broke their lease after just a few months because his advance training was complete. He knew he was not going to be staying the full term of the lease.

I still try to work something out if I can but I definitely like to plan for their departure in advance.

Take a look at http://www.law.cornell.edu/uscode/html/uscode50a/usc_sec_50a_00000535----000-.html I found it very informative.

As prior service, I used the act to break several leases going back and forth to the Mid East. I really appreciated my landlords taking care of me. I was at Fort Campbell so they had it down.

The act does get abused though. I had some subordinates try to pull a fast one on a local landlord who happened to work on post (base) in the ID card section. I was up there getting a new ID card and he happened to be the one serving me. He asked me if such and such got off to his new assignment ok after he became aware of where I worked. Seems they had provided the landlord with a falsified letter. Blindsided to say the least. I think my head actually came off my shoulders. Heads rolled and the landlord was properly compensated.

I would call the base and get the number of commander that signed the letter. Don't use the number on the letter. Call and verify the information in the letter. If everything is valid I'd help however I could. If not, I'd crush them because they make it hard on service members actually needing relief.

Good luck

In your research, take a look at the acquisitions these companies are making to get a sense of their direction. For instance, Zillow acquired Diverse Solutions who are a large IDX solution provider. And Trulia just completed an acquisition of Market Leader, they're one of the hundred pound gorillas in the real estate CRM / marketing space. Good luck.

Some owners, including distressed, haven't considered selling. Search the forum for "driving for dollars" for just one of many techniques. Find a property, present the owner with a compelling offer, and score a deal.

I setup erentpayment last month. Fairly painless, they even called to let me know everything was approved and setup. Unfortunately I haven't been able to motivate my tenants to sign up. Will definitely work it into any future lease ups.