All Forum Posts by: Alexander Szikla

Couldn't have said it better myself @Greg M.

@Greg M.undefined

The fact that you are a plumber (and likely somewhat handy in other trades) gives you a HUGE leg up. Please become a landlord ASAP - your 39 and 49 year old selves will greatly appreciate it! 

Seeing a lot of criticism in this thread towards @Account Closed

In my opinion - big F ing congrats on making so much money at a young age. No easy task and you should be proud. 

Clearly, you are "new" to RE and exploring a variety of options and educating yourself. Nothing wrong with that. 

I would advise you to consider what is most important - yield, appreciation and/or passivity. Based on your primary focus, you can then begin your journey. 

1. Responsiveness - Do they respond within an hour or the next day? 

2. Market Knowledge - Can they provide insights on the area, tenant base, drivers of growth, etc? 

3. Proactive Attitude - Do they help you vet an investment and help source ideas, quotes, etc? Or do they just show up with keys?

Best to open an HD and/or Lowe's professional account and have them buy things for your project via phone sale. That way you avoid premiums, retain control / visibility on what is being purchased and get some form of "points". 

Better to have a slightly under market price and a quality tenant than an above market price and a poor tenant. Sometimes getting massive inflow helps you take your pick which can be quite valuable in the long run

Sent you a DM

Don't get involved in their personal lives. Stick to the lease. You are providing housing, not counseling. 

Curious to know as well

Do you rent the RV as a vehicle? Or as a tiny home on some plot of land?