All Forum Posts by: Ryan Moore

I'm running Safari 10.1.2 and I cannot get the search feature to work.  I click the search, type in, and hit enter and nothing happens.  

True, I know mine rent at what the last posted prices were.  I've never had a lease signed for a lesser amount than what we currently had posted.  Thanks for your insight.

Yes, while I don't personally handle the leasing of my property (my PM does a great job at obtaining the tenants), I want to make sure I'm keeping myself honest with checking like properties in the area to see if they are obtaining larger rents for any particular upgrades, etc.

For instance, there is a unit on the market in the same neighborhood as my MF, they are both the same floor plan.  It's currently listed for a price higher than what mine went for with some obvious upgrades based off the listing.  Any way to follow what that unit ultimately rents for?  Does zillow or rentomter actually provide that info?

Is there a way to see what rents actually went for in a neighborhood I am searching, or is that information not readily available?

I'm an owner with a PM and the 1/2 month lease renewal is excessive.  Lease renewals on good tenants are a time to celebrate, not get another 4% chunk of my annual revenue taken away

I would like to think that a community pool would attract some tenants. Many listings in this neighborhood for example always show the pool in their MLS pictures. For my own personal residence in a HOA with a big play pool, it's always shown in listings, even rental listings. I do not recall if you mentioned it, but sometimes having a HOA means that you (the landlord) do not have to pay for water/sewer/trash. So also things to consider when running your numbers

Interested to hear, I get their joke of a mailing offer all the time.

I thank you all for your input. The only reason I would want to partner with someone is to increase my door count at a faster rate. I do not need anyone to help me figure out how to do anything. I feel like I’ve done well on my first purchase. Sure there were some headaches, but I’ve learned and I am still learning through various means. So I guess you can say I’m looking for money out there if I were to partner.

I have a network of high income colleagues with no REI experience who ideally I would want them just for capital. I have a long term goal of owning a commercial apartment, but currently I'm fine with making my next deal another residential 4 unit. I don't want to rely on someone to have to agree on whether we are approving a roof repair, or lease increase. I know I could structure partnerships that way; I'm just still trying to learn about those methods.

Ideally the people I’m interested in working with are friends, possibly family, so I would want to stay away from the resentment issue as much as possible. I sit here and think that I’ll just tell my buddy “hey, here’s what I’ve done before, here’s what I’m looking to do again, let’s pool our cash together, I will run everything, and you just sit back and see how the money and operations flows”. It sounds super simple to just do that. Perhaps I say that I will buy them out in 5 years and that’s their exit strategy.

Or I just sit on my duff, and watch my slowly building REI Savings account buildup for the next solo purchase.

 ha, you're going to have to explain that one to me

I'm familiar with this community and your comments about knowing if any upcoming HOA assessments,etc. are coming up are spot on. This HOA raised dues ~$100 last year due to pool cost, etc. If someone bought last year before the raise and were not aware of the financial status of the HOA, your cashflow took a major hit after the increase.