All Forum Posts by: Account Closed

There's a company called CoStar that publishes tons of commercial real estate data including sale prices, lease rates, etc. Does anyone know of a similar source for commercial real estate data, but without the cost?

@Clint Cook

There are many property management companies that promise to do various things up front such as conducting regular inspections, screening tenants thoroughly, and monitoring maintenance so you don't over pay for repairs. Many managers/companies will start letting these important details slide/go unnoticed. You need to make sure the company has a history of fulfilling their obligations. Also, I have heard horror stories, from property owners, about management companies nickel and diming them to death when it comes to maintenance and repairs. Some companies will even charge for maintenance that NEVER EVEN GETS PERFORMED (a few instances come to mind). Be careful!

Anyway, like @Account Closed said, check Yelp and other sources to make sure you know what the company is really like. Another good place to check is KSL.com, there are reviews, etc on there to give you guidance. Best of luck!

@Clint Cook

Welcome to BP! I'm also interested in supplementing my income with rental income. You'll find great resources here on BP to help you with your goals. I would suggest reading the BiggerPockets Ultimate Beginners Guide:

Here's the link: http://www.biggerpockets.com/real-estate-investing

I'm a residential real estate broker and property manager here in Northern Utah County. If you ever have any questions, let me know. I'd be happy to help or put you in contact with someone who can. See you around, and again, welcome to BP!

Quintin, great job on obtaining the license. I too have similar interests in investing and learning from others. Being a Broker, I've mainly been involved in property management, rehabs, and asset valuation. Good to meet you! If you have any questions, especially about property management, I'd love to connect.

Nikki,

As far as I've seen, the really smokin' good deals are gone. The time when you could find great deals even on the MLS in Utah has passed. My father purchased 3 homes from 2010 to 2012, we fixed them up, and now hold them as rentals. Great deals can still be found via auctions, banks, etc. FSBOs can also yield high returns in certain cases. After viewing your profile, it looks like you're interested in multifamily projects. If you want a good starter project, you may look at a smaller investment to get your feet wet. A mobile home or small apartment unit might be a good place to start. Just some ideas.