All Forum Posts by: Scott Seydor

Nice!  I've got a bunch of questions.  Off the bat, I'm wondering about the city-required rental registration that has to be posted within the units.  For this signage, do I create it, or is it some sort of certificate that I get from the city?  Assuming I just stick it on the inside of the front door?  Also, do I really need to give them my address, or can/should I get a PO box for this?

From the Borough Rental Code:
Every owner, operator, responsible agent or manager shall display the residential rental registration or residential rental license in each residential rental unit. The residential rental registration or residential rental license shall include the following information:(1) The name, mailing address and telephone number of the owner, operator, responsible agent or manager.(2) The evenings and hours on which garbage and recycling are to be placed curbside for collection.(3) The telephone number to call to register complaints regarding the physical condition of the residential rental unit.(4) The telephone number for emergency police, fire and medical services.(5) The date of expiration of the residential rental license.(6) A summary of the owner's and occupant's duties under this Part.

First-time landlord with some specific questions about self-managing rentals in Pottstown, PA.  Anyone out there doing the same that could field a few questions specific to the City's requirements?  FWIW... I read all 19 pages of posts after searching "Pottstown" on the forum and got a bunch of good [and bad] info, but I need more.  

Welp, things changed in a hurry this weekend.  We broadened our search last week into neighboring areas and found a duplex that looked interesting.  Found it Thursday night, ran the numbers Friday, saw it Saturday and got an acceptance to our offer later that night.  3/1.5 and a 1/1 with a detached 4 car garage.  We close in late March.  The interesting bit is the garage has a second floor accessed by an exterior stair with a deck its whole length that could easily be turned into another apartment.

@Barry Ruby I took some real estate development classes in college ~20 years ago and have romanticized the idea since.  That's an intimidating pool to dive into, but maybe someday with the right partnership.  
  

Very insightful, helpful and appreciated.  Taking a step back, I likely am in way too much of a hurry.  Or at the very least, not realistic on the timetable.  

Question: where’s the best place to find those smelly crap holes outside of an auction?  Tax lien sales in Montco are once a year in the fall.  And I totally agree on the agent.  Mine is the regular variety.  Very nice and responsive, but I feel like I’m wasting her time and think this would all go way better if she’d just give me the lock box code.  

 Thanks for the offer, Jacob!  Let me know what I need to do to link up with you and Nate.  

Hello Everyone:

I'm an architect and construction manager and want-to-be investor in the suburbs of Philadelphia, PA... specifically Montgomery County (Lansdale, Souderton, Harleysville, etc.). I'm interested in passive rental income from either BRRRs or move-in-ready properties - both single and small multi-family. In an ideal world, I'd like to retire in ~10 years with a steady stream of income. I'm working with an agent, watching the MLS on a daily basis, and have made offers on a handful of properties with no success (several second-place finishes, though). Like most places, prices seem to be pretty crazy here and finding deals that work are few and far between... or maybe I just don't know how to find them? In the meantime, I've been digesting everything I can (this forum, podcasts, books, youtube) in an effort to educate myself.

What can you tell a guy in my position who:

-  Knows the design and construction world inside and out,

-  Doesn't have funding issues for what he's trying to do,

-  Has the desire and drive to make it happen,

-  Can't find a deal in his market to save his life! 

Thanks in advance,

Scott