All Forum Posts by: Scott Esmail

Daytona is okay but you you should stay out of these zips 32114 and 32117 there hard to manage even for locals. The Zips are fine in Daytona but you should have your family members drive by either way to double check the area.  Port orange is good, there is also Deland, Orange city, Debary and Deltona which are very good rental areas and not too far from Daytona. You should be able to get homes under 200 k that the class of tenant should be fine to handle.  

17 is great age to start and do things by the time your my age you will be a "big deal" if you can stick with it lol. :I have bought a lot of properties. I still get a bit of fear each time I still buy so you may experience and mostly on your first deal. Learn one specific market and check zillow daily even if your not ready to buy. When you are ready you will know the market so well that when a smoking deal comes up you will have confidence to jump on it. Then for the second one repeat that same thing you did on the first one. If you need a lender to get some money out I found Lima one is easy to work with and can help you get some cash off the frist deal and repeat. Good luck 

Start with podcast epoisde one on the bigger pockets website and listen to as much as you can from the beginning, the ones from back then with Josh and Brandon, I feel and just my opinion and could be wrong were much better because a lot of the guest were actually doing deals not as much people coming on the show as a syndicator looking for investors Josh also ask a lot of how to questions and get deep into how they were doing deals and you can learn more. This is what I recommend to people who ask me. After you listen to much of them you will have more/as much knowledge as you will need. Also you should listen to Rich dad poor dad, you can listen for free on Youtube. Buy your first rental property using what you learned and you will also learn a lot after the first one on what you like and do not like about the property you bought and the next one you can improve on what you do like.

I want to do a mail campaign it's a small town and I want to reach any ownerss with any empty lots, how do I do this ? Can anyone recommend someone I can use for the list and the actual mail pieces. 

If you think prices are one the way up and there multiple offers this can be a reason to offer over asking or if asking price was too low to begin with, also i just look at asking price as not as important as what the property is actually worth and what i think the market will pay for it. I try to guess what the highest offer might and what someone else would pay for it. Then i start with and ask myself at that price does this property make sense for me and what my plan is for this home. Ask price is irrelevant 

@bill brandt Thank you for the feedback it may be different here in Florida. I have seen this charge many times in the past. Sometime when we are verifying an applicant who want to rent our home we require proof of  rental history and they upload there portal showing there rent payments and fee paid to there current property manager, once can often see this charge often appears its on there tenant ledger and charged  to the tenants. However i do agree that often times, if there is a charge it can be charged back to the owner in many occasions 

@Theresa Harris thank you for your feedback, my property management company manages them (so not me personally and i do not do any of the admin at all ) we have staff and a amin person in the office who handles the renewals. 

Tell them your insurance doesn't allow. Which this may be true so you should find out asap, if someone gets hurt you may be liable if your policy excludes trampolines and doesn't cover. Check that first and if so send cert letter saying that and needs to be removed asap and include the section of your policy that shows that. If there still firm on keeping see if you can get them to get there own insurance policy and name you so that if someone get insured your not responsible and have them also put that in writing, if your not happy with that solution you can start to explore your options on getting them out or wait until the currently lease expires , keep your fingers crossed and deal with then. I would do something to ensure your are not liable that is the most important the grass thing would be second on my list of worries and much lower concern.

For me i have too many home i wouldn't want anyone to call me about this type of thing. These tenants could stay for years sometimes and pay a lot of rent. If it really bothers you tell them they can not do any more changes in the future at all and be firm and send cert letter in mail. When they move take pics and deduct from security to me doesn't would like a big deal to me. When they move out whenever that may be if that is the only issue and no other deduction need to be made i would say that's a win. Most people like to install there own cable,satellite, internet and phone provider  and I would say this could happen may times when being a landlord and usually a small hole and easy fix. I wouldn't fix it when they move anyways just leave it exposed when they move out just incase the next tenants want to hook into it and instead of them making another hole for that provier. I like to deal with things when people move out not when there in the residence. Many of my tenants have been at my properties where they have paid for them already in full with the rent they paid. 

I manage my own properties in Orlando Fl an own my own property management company. In the past I have not been charging a lease renewal fee when the past year lease expires. I have been just letting the leases go month to month with a rent increase if needed. I have noticed that others prop management co's are changing  a lease renewal fee making tenants sign up on another 1 year lease when the prior lease expires. If this is something you do what would you say is a fair  lease renewal fee to charge. I a have seen multifamily complex charge as much as $200. I rent single family home and the rent average is about $1100 per month.