All Forum Posts by: Peter Lohmann

Search the forum there have been almost 30 threads created with literally this exact question.

The lower the rents the worse your real cash flow will be. Ever wonder why class C and D properties are bought and sold so much? It's because every new investor seemingly has to learn this lesson the hard way.

Define "cashflow". Are you just going to ignore maintenance & capex? Legal? Landscaping? Utilities?

Guys, coming in here and asking for "Good GC" and "Where's a great spot to invest" is kind of like asking Warren Buffet how to get rich. It's just not that simple, and anyone who has quick and easy answers for you is typically operating with their own agenda. Finding great contractors and great places to invest is literally the job of a real estate investor. Nobody is going to solve these problems for you. If they actually know the answers, they are busy buying properties in those great areas and employing those great GCs to fix them up and flip them.

New blog post. Any Columbus landlord or property manager will get a laugh out of this: 

https://rlpmg.com/falsehoods-that-investors-and-property-managers-believe-about-tenants/

If your timetable is 10+ years, the purchase price is almost irrelevant as long as the income can support the debt + expenses of the property (and that's a BIG if). 

But many (most?) investors tend to churn properties in search of "deals", and if you're looking to cash out in less than 5 years, I would not suggest buying in Columbus right now. But I'm certainly not a trained economist or anything so I wouldn't necessarily take my advice if I were you!

@Matt P. Yeah you're right about that and frankly it's kind of annoying. If you want to invest in Columbus, go ahead. But nobody is going to roll out the red carpet for you, and if they do, they are selling you something. We're literally in the midst of a red-hot market the likes of which nobody I know has ever seen, yet people are wanting to buy? Buy high sell low, I guess.

Unit count of the whole portfolio. So yes, 3 duplexes would get 10% off.

We offer discounts on residential property management for unit volume.

If you bring us 5+ units, get 10% off the monthly management fee FOREVER.

If you bring us 11+ units, 15%

If you bring us 26+ units, 20%

If you bring us 41+ units, 25%

If you bring us 61+ units, 30%

Give us a call today to discuss or learn more at our website: rlpmg.com 

Full pricing details available here: rlpmg.com/pricing

Phone: (614) 725-3059.

We serve all of Franklin County including Columbus, Bexley, Gahanna, Grandview Heights, Hillard, New Albany, Upper Arlington, Westerville, Worthington, and surrounding areas.

"Downtown remains the submarket to monitor, however. Its vacancies are already into double digits, well above historical expectations, and over the next 18 months, its inventory will expand by another 20%. Renters now have a surplus of options to choose from, and communities are increasingly offering heavy concessions, like two months free rent and $1,000 gift cards."

Full article here: https://product.costar.com/home/news/shared/338498739?utm_source=costar&utm_medium=email&utm_campaign=2&utm_content=p0

Are you ready for a dip in rents and an increase in vacancy? Have you run the numbers to ensure your investments can withstand a few years of a down market?