All Forum Posts by: Rufus Brown

I have a property in Tallahassee and just graduate from one first year. It wasn't by choice but I had an unpleasant experience with Property Manager and made a business decision. But through the process, I learned that you cannot take for great customer service. I put a electronic key lock because guest check in at multiple times. Wi-Fi thermostat to keep electric bill down but also ensure guest check into a comfortable room. I send the guest a welcome guide prior to check in which talks about the check-in process, wi-fi password, and key code. It also includes direction and mileage to get to football stadium, Starbucks, and mall. I remove the carpet from house and replace with tile to make turnover easier. I usually stock frig with water, because don't want to jeopardize providing liquor to underage guest but also don't make guest uncomfortable.  If your going to manage yourself, factor in your opportunity cost but if you turn it over to someone, ensure you establish the ex[expectations on cleaning quality and customer service.  But there is some value in doing the work to understand the process and establish internal controls. Having roku is awesome because guests like watching movies but providing entertainment is very inexpensive. Unless its long term, most stays are short.   

Airbnb is a good platform which has it's positive but you have to ensure to have the systems in place. Factor in the initial acquisition costs to furnish, your business model and the clients your attracting. This will dictate your decisions between buying furniture from consignment stores and JC Penny. But you have to factor in the turnover costs, daily up keep, if you'll going to install wi-fi thermostat, welcome guide provided to guests prior to check in. Maybe installing Roku or even a 32in or 52in. But researching other Hosts pages, the number of reviews, frequency of reviews, and price can give provide a starting point.

I have a rental in Tallahassee, FL and seeking any recommendations of Carpet companies to replace one bedroom, possible 3. 

Also, seeking recommendations of carpet clearning services in Tallahassee that provide fair prices for three bedrooms.

Seeking crews for turnover for a tenant that moving out by December 31st, 2014.  Also seeking individuals/crew to paint unit.  The unit is a 3/2 home.,900 Sq/ft.

Please send all requests or inquiries by private message. 

I can look into whether the employee agreement with the property manager.  The PM was current until the last three months before the PM owners split, thus lies the problem.  I did request the proof of funds transfer from the current PM, which I can use in the formal letter to the previous PM.  But thank you for the guidance. 

I own a condo in Tallahassee and the property management company (PM1) for the building, had an ownership split. The other owner created another company, which I will call PM2. The split happen in August 2014, so all owner agreement with PM1also ended and had option to sign a new agreement with PM2. My unit was occupied by an employee of PM1 before the agreement termination in August. PM1 provided a 30% rent concession for full time employee's living at their rental properties. I'm seeking guidance on how to collect the unpaid portion from PM1. All funds associated with my account with PM1 were to be transferred to PM2. Research determined that PM1 did not pay their rent concession for their FTE portion between May-July. I also provided PM1 monthly statement that indicated their unpaid portion of the months in question. I've spoken with the owner of PM1 and their unwilling pay the past due. I have not signed any agreement releasing PM1 of any past due amounts. But in seeking guidance on the best way to handle the collections from PM1 since their claims is that they have transferred all funds to PM2 but research disclosed something to the contrary.

Welcome to the group.

I'm looking to rehab my friends parents home in Fayetteville, NC, but the area is new to me. I'm looking for recommendations for a GC or reliable handy man, or major trade POC, (i.e., flooring, roofer, painter).

Also, I'm also looking recommendations for a realtors that is investor friendly and adept with local laws and market trends.

Thank You,

Mr. Brown

[email protected]

Ms. Jordan,

I have learned a lot from the site, especially the Podcasts. I've received great ideas and different perspectives, that have made me change my approach for establishing processes but just hearing other people passion is great. But thank you for the welcome.

I thank everyone for their quick responses. I'm looking forward to gaining knowledge. We have been experiencing a lot snow here, so slowing stuff down. But I have a quick question.

For investors who have short sale on their record, is it possible to convert a hard money loan to a conventional loan? Even if the investor can exhibit a positive profit with the conversion of the loan, what obstacles do you envision? Also, will a solid business plan help so that the bank is investing in the investor/property and not their past credit blemish, especially if their credit is great now. To close, I say great credit because some individuals credit was minimally lower due to having such a high credit score before the short sale.