All Forum Posts by: Ryan McCann

I am sure there have been a few posts about this but I am moving out of state and need to implement a system to handle my monthly rent collection How do smart and savvy real estate investors collect rents from long-distance? Currently, my tenants either mail or drop off the rent each month. I don't want to risk it being lost or taking extra time in the mail now that I am moving away. Many of my tenants are old school and either pay in cash or with money orders each month I do not want to hire a property management company Suggestions please! Thank you so much

I am sure there have been a few posts about this but I am moving out of state and need to implement a system to handle my monthly rent collection How do smart and savvy real estate investors collect rents from long-distance? Currently, my tenants either mail or drop off the rent each month. I don't want to risk it being lost or taking extra time in the mail now that I am moving away. Many of my tenants are old school and either pay in cash or with money orders each month I do not want to hire a property management company Suggestions please! Thank you so much

thanks!! much appreciated

Phil Z. Thank you very much! Do you know of any HVAC contractors that you can recommend?

I am looking for a reliable contractor(s) in New Haven. I need 15-20 Windows replaced I need to rip up carpets and have old hardwood refinished I am also considering changing heat from Oil to Gas forced air so would like recommendations on reliable HVAC companies / contractors Other potential needs are for bathroom and kitchen upgrades Any help greatly appreciated!!

Originally posted by @Fatimah Wilson:

Congrats! @Ryan McCann What area was this in? (I understand if you dont wanna disclose lol) Im very interested in the Philly market (born and raised there) your story definitely  gives me hope! :)

 thanks! house was in south philly!

Thanks Kevin Hunter ! Yes the numbers we expected ended up being pretty accurate. The Philadelphia market is white high and so the appreciation was an added bonus for sure! I know that they are not all this easy but we lucked out. No major issues, unforeseen surprises, etc.

I am primarily a long term buy & hold guy, but I settled on my first successful flip yesterday!

2BD/1.5BA Single family residence. I brought a partner in, and the goal was to buy, rehab, live in for 2 years, and sell for +/-$325,000..

We paid $160,000 in 2014 and spent approx $80k on a full reno (kitchen, baths, roof, refinish floors, HVAC, fireplace, doors, sheetrock, paint, etc)

I lived in the house for 2 years, collected rents from roommate and lived for free! Meanwhile, the neighborhood appreciated rapidly

We listed the house for sale in the fall, sold and settled yesterday for $370,000!!!

@brandon turner thank you for writing this book! As a BP newbie I love spent the last 3 months listening to all (yes all) of the podcasts and soaking it up. I just finished this book... Now onto your next! Just wanted to say thanks for all of the knowledge and insight you provided

Just a quick update on this. Just finishing up my first full month, running about 70% occupancy. Use a lock box for access and it has been pretty smooth. Most tenants are very clean, courteous and easy. Minimal turnover. So far so good. December is at 85% occupancy