All Forum Posts by: Robert Seltzer

I don't smoke or drink; however, if you capture a networking list I would be happy to add my name and contact information.

The data suggests that the rental market will remain strong.   This firm, http://www.marcusmillichap.com/, publishes a quarterly report on the Houston Metro area.  I have properties in Spring and I am continuing to look and purchase in the area.  

Hello Waylon.  I would like to connect with you as well.   Than you.

Getting caught up here...I think this thread has wandered a bit.   My homes in Spring took four months to get rented out.   The average is usually closer to 60 days, but my recent properties trended to twice the average.   The rent value is at just under a $1 per sq ft and I have noticed that it is much easier to rent properties at $1200 to $1300 per mo vs. $1500 to $1650 (our properties).    There is also a difference in the type of tenant you will attract at the lower price point.   I would also add that as you move up to the $1500 rent level you are also looking at individuals that have the resources to purchase a starter home so the value proposition for the renter has to be presented differently.   Hope this helps!

The key is to see what the numbers show.   Unless you self-manage it is challenging to see positive cash flow the first year.  I have two properties in Spring, TX and both rent at a just below a$1 per sq ft.   My math shows that the value of the property determines your rent ratio and long-term value (ability to raise rents over time) is more dependent upon the square footage.  

Agree with the sentiment expressed Tim. I would say that CAP rates can vary between markets and within markets. For me what it comes down to is the overall investment theses. What is the purpose of the investment? How does it fit into the overall goals? Time period? Looking forward to connecting with you.

I echo the "don't rent to our brother" comment.   Take actions that will increase the value of your property.   I would think that it would add value to your property to have a convenient location for your tenants (hopefully non-family tenants) to access and do their laundry.

I have key words set for "Spring" and "Texas" and as a result this posting was flagged to to me.   I read the details from Dale and then understood the context. :)  Thanks guys!

A mentor is seeking a mutually beneficial relationship.   You will need to do work in exchange for mentor ship.  Do you have a skill that is in demand in the industry, but need to learn the business side?   There are many approaches here, but keep in mind that you need to understand the motivation and the reputation of an individual that agrees to be your mentor.

In response to the original post, the requirement is driven by the life style of the client you serve.   I always use a mobile notary.   It provides the most flexibility in time and location for signing papers.  Thanks!