All Forum Posts by: Ronald Starusnak

If the brokers are on BP, then they are at least somewhat adept in investing. My brokers and agents are all heavily invested with investing and it benefits them greatly. I get buy a wholesale to flip, my broker lists it when it's done. Bam. One of my brokers specializes in short sales. It's a big circle, we all help each other. I don't see why anyone would be upset. Most wholesales aren't good for the MLS anyways, typically I have found them to need a lot of work and would never meet FHA requirements.

Shane, it is difficult to handle this situation without emotion. I have gone through something very similar in which a property I had just done a full remodel on was completely destroyed and we ended up having to gut it to the studs. It is still vacant to this day as I have been pre-occupied with other investments. I have a property management company in Upstate NY and I would certainly not recommend bringing this up at all in a personal manner. Your investments are business and thus are all interactions that relate to your investments. 

We provide our clients with an inspection report upon new tenant placement, then a new inspection every 6 months. These inspection reports are very in-depth and include a full set of photos that document the property condition. These inspection reports are absolutely crucial in determining a judgement in court for damages. It sounds to me that you absolutely need to stop running your investments with your heart and run them with your brain. If we had a tenant that had dogs without prior approval, they would be given 12 days to comply, then we would either begin eviction or request an additional security deposit and a pet fee added to their monthly rent. 

If we have a tenant that is responsible for the landscaping of the property and they fail to maintain per their lease; again they are given 12 days to comply and then the eviction process begins, or we send a landscaper to abate the issue and send the bill to the tenant. If you give ANYONE an inch, they will take a mile. We are all in this to reach financial independence and that won't happen by being the nice guy. 

In closing, put together your argument for court, sue for damages to the property. You have to go to court prepared, bring in your contractor to testify, have them bring in their estimates, invoices, log books, employee time cards, material lists, receipts, etc. Anything that will prove what you're suing for. 

Kon, of course I will keep you in mind. The primary issue I've seen up here is lack of proper management. Allowing poorly screened tenants into the properties, failure to collect rent, failure to report or repair issues & damages, and just poor maintenance overall. Some neighborhoods are really bad and I wouldn't take a free house on certain Syracuse blocks. 

We have a big problem with break ins on non occupied homes and the thieves stealing the copper for scrap. PEX is your best bet and should be less expensive to install and last longer. Just make sure your contractor is using good fittings.

sorry for any typos and formatting issues. posting this from my phone.

Hey guys, I am an investor, property manager, and most importantly a contract in Upstate NY. I have an excellent group of friends up here and often come across some great deals. The local buyer market up here is tough, most of our investors are looking for suburbs and single family but the Syracuse market is saturated with dilapidated multi family homes. With an excellent contractor and property manager these can be fantastic investments. We are talking about 6 unit homes selling under $40k with $60k in repairs needed with rents ranging from $700-$1,000. I am just not sure how to attract out of state investors in any fashion. Whether they just want to hire us for the contracting side, or if they want to buy turn key properties from us at full price, or even at some sort of discount in a partnership. I'm open to suggestions. Our company is a real construction company, it's not just one guy. We have 4 crews running full time and I think right now is a perfect time for us to get back into investing ourselves as I stepped out in 2018 to focus on remodeling.

Hey guys, I am an investor, property manager, and most importantly a contract in Upstate NY. I have an excellent group of friends up here and often come across some great deals. The local buyer market up here is tough, most of our investors are looking for suburbs and single family but the Syracuse market is saturated with dilapidated multi family homes. With an excellent contractor and property manager these can be fantastic investments. We are talking about 6 unit homes selling under $40k with $60k in repairs needed with rents ranging from $700-$1,000. I am just not sure how to attract out of state investors in any fashion. Whether they just want to hire us for the contracting side, or if they want to buy turn key properties from us at full price, or even at some sort of discount in a partnership. I'm open to suggestions. Our company is a real construction company, it's not just one guy. We have 4 crews running full time and I think right now is a perfect time for us to get back into investing ourselves as I stepped out in 2018 to focus on remodeling.

Colin, have you attempted to contact the dog warden? 

Rob, sorry you haven't received a response from anyone here. Try reaching out to Donovan Pieterse of Easy 2 Own Homes. He is one of the most knowledgeable investors in our area and he owns half of North Syracuse. He is also a vet and he likes helping people. He has a bunch of private investors and might be interested in a partnership. He does 90% buy and hold. 

Syracuse area is fantastic. You just have to stay out of the bad sides.