All Forum Posts by: Shane Davis

Word of mouth is probably the best way to find a good contractor. My father is a contractor and he has always run his business through organic connections. Google reviews might let you down because a lot of it is just whoever spends the most on SEO. Your last resort should be a Google search.

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Hello all,

What are some of the top questions you ask when buying an apartment, condo, etc..?

I know the questions may vary depending on the property, so maybe the top 5 for each would be super helpful!

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Originally posted by @Daniel A.:

These times definitely cause problems for a lot of people and it can be a pain to find a good tenant. But good tenants are out there and you must remain vigilant. The best way to find prospective tenants is of course by placing advertisements on as many platforms as possible. Let people know that you have rental units available, online and by word of mouth. I have a friend who keeps sending prospects my way because he had an ad online for one of his properties. Once he filled it, prospects would then ask him if he knew of anywhere else.

Assuming you get a few prospective tenants, you'll then want to vet them to ensure you don't have a serial evictee on your hands. What I usually do when placing an ad is clearly outline my Tenant Qualifying Criteria (you know, things like: a decent credit score, no prior evictions, no criminal convictions, etc.). When a prospective tenant calls based off any ad, I'll again go over those criteria with them. And I'll go over it once more when they show up to sign and fill out the application. If someone knows they have an eviction on their record, they likely won't go through the whole process and pay the $25 application fee.

Really, the key is to get the word out that you have an available property. Online platforms are where most everyone goes to find them. Google "apartments for rent in [your city]" and see what pops up at the top. Then do what you can to get your ad on those sites.

Awesome advice! Thank you.

I am thinking about buying an apartment and a Condo over here in Austin. A little nervous to pull the trigger due to the tenant situation.

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Hello everyone,

What have you all found that works best for finding tenants, especially during these tough times?

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Hello Everyone,

I am a beginner in the Real Estate Investment game, and I am having a bit of trouble finding what other owners charge in a specific area whether it be an apartment complex, single-family, condo, etc.. I would assume the only way to be sure is to ask the realtor, but then you go down this rabbit-hole of other questions.

What do you all do, or suggest?

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I have been looking at condos and apartments here in Texas for sale. Recently I started using the Bigger Pockets calculator to figure out some of the finances. I have a few questions that might be stupid to some, but I really would like some answers haha.

1. Are there banks located around here that will allow you to put %10 down?

2. What are the average cost for expenses for a 1 bedroom 1 bath? 2 bedrooms 1 bath? 2 bedrooms 2 baths? (Electricity, Water, Etc..)

3. What expenses do you usually have the tenant pay for?

4. What are the best questions to ask the realtor selling the apartment?

5. Any other tips?

Thank you all so much for your help!

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What type of properties do you find are the most profitable here in Austin or surrounding areas?

@Rob Bergeron

@Jordan Moorhead

@Neil Narayan

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Isn't it fairly expensive to invest here?

@Jordan Moorhead

@Neil Narayan

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All Forum Posts by: Shane Davis

Shane Davis has started 7 posts and replied 11 times.

Post: Any Investment Guru's in the Austin TX area?

Post: Is there an easy way to compare loan rates?

Post: New Contractor Questions

Post: Top Questions you Ask when purchasing?

Post: Best Strategy for Finding Tenants?

Post: Best Strategy for Finding Tenants?

Post: How do you find rent prices in specific area?

Post: Beginner Questions for a Beginner! (Please help) (Austin, TX)

Post: How's the Real Estate Market around Austin

Post: How's the Real Estate Market around Austin