All Forum Posts by: Ron Skoletsky

Thanks, Drew!  (And everyone!)  Great tips!

We're flip flopping between managing the property ourselves, versus having a property management company do it.  We've spent about 6 hours walking through Brandon and Heather's "Managing Rental Properties" book - documenting in detail the steps we need to take.  We'll probably do this first unit using their processes, plus Quicken or QuickBooks.  I can get carried away and get excited about putting the whole package together - website, PM and accounting tools. :-)  I probably need to tone things down first this first unit.

Thanks, Simon. :-) I'm probably getting ahead of myself. :-) We'll see how this first one goes. We plan on purchasing another rental next year (condo, SFH, or multi-unit... TBD). Maybe then... :-)

Newbie here:   My wife and I are closing on our first property (condo) that we'll be renting out.  We will most likely be using QuickBooks online for accounting, and either Cozy, Avail, or RentRedi for property management.   What are your thoughts about additionally creating our own company website as the "home page" for current and prospective tenants?  Or do these property management tools do a good enough job on their own?  

If you have your own websites, can you post their URLs in replies, so I can see some good examples?  

I'm thinking that our site would want to have links to items such as:

- Available properties to rent
     - Property 1 info
     - Property 2 info
     - Property 3 info

- Prospective Tenant Info and Tools
     - List of Minimum Qualification Standards
     - Prescreen Application Questionnaire
     - Online Application (possibly hidden link; only provided if they pass the presscreen)

- Tenant portal  (links to Prop Mgmt tenant portal site)

- About us
    - About the company
    - Contact info (phone, email, PO Box/address)   

Hi Adri & Derek,  Which product did you end up going with?  I'm starting on my research into a property management site and am trying to figure out which way to go.  Ideally, I'd love to have a site that can be customized with our business logo and allow us to be able to upload documents for the tenants, etc.

Hey Josh & Kyle, My wife and I are starting our journey into REI. We live in West Linn. Are there any upcoming virtual meettups planned for West Linn RE investors?

Thanks, Jonathan.  We've got some serious thinking and analyzing to do! :-)

My wife and I are new to real estate investing (other than our own home). Our plan was to purchase a single-family home (or condo/townhouse) already in good shape to rent, for our first purchase and get our feet wet. The BP calculator shows about a 10% 5-year annualized return for some condo's we're looking at. We'd be very happy with that ROI since who knows what's going to happen with the stock market and this is a way to diversify. But I've seen info online saying that we could be in for an RE market correction due to evictions coming (probably in 2021) and recession-caused foreclosures, also probably in 2021. Given the current conditions, would you all recommend waiting at least until the Spring 2021 before purchasing our first rental property?

Thanks in advance,

Ron