All Forum Posts by: Roger O.

I moved from California to Texas last year after having many rentals in TX managing them from CA. I Moved up from single family, because with multi family you have more control of the value. Dave Lindahl's apartment book is what helped me make the change, but there are many others out there,  explaining the same thing.

I agree. Always figure NOI at least 50%. You need o look at long term expenses.

The numbers don't seem to work well here in CA. We went to the DFW area to buy. CA does have high appreciation when the market moves, but a lot of money needs to be tied up and you cant get a positive cash flow during that time.

We have gone to many auctions at the courthouse and also looked at supposedly wholesale deals and they seem to get bid up to retail.

Remember, you make the money going into the deal.

We have done both, and have burned by management companies. Do your homework on the company.

Many times a good management company will get a higher rent to make up the cost, than an owner landlord. Many times they can also get better tenants.

There are professional renters out there that know just what to say to owners and new landlords to get in, and they know their rights once they have the keys. If the story is too good to be true, send them on their way.

One thing we now do is hold the deposit, more than once management companies disappeared on us with deposits.