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All Forum Posts by: Shane R Williamson

Shane R Williamson has started 8 posts and replied 15 times.

Post: Property Management or Self Manage

Shane R WilliamsonPosted
  • Rental Property Investor
  • Lexington, KY
  • Posts 17
  • Votes 3
Originally posted by @Scott M.:

Some say you are throwing away 10% some say it is the best money you can spend.  Really depends on you, your personality, your local contacts, ability to get crews to do work, do showings, collect rent etc.  As @Todd Rasmussen said it is really subjective and depends on you more than any outside factor. As for advice, deals they find etc....yes, that is all a benefit of working with a local expert.  Depends on the company on this stuff.  Some will, some won't every company is different.

Clear as mud right?

Thanks for your insight! 

Post: Property Management or Self Manage

Shane R WilliamsonPosted
  • Rental Property Investor
  • Lexington, KY
  • Posts 17
  • Votes 3

Thanks for the Reply. I was thinking even though it may cost me 10% per month, the partnership may pay off in the long run with advice and deals they find. Is this dream thinking or is this a legit way to look at it?

Post: Property Management or Self Manage

Shane R WilliamsonPosted
  • Rental Property Investor
  • Lexington, KY
  • Posts 17
  • Votes 3

Just getting started in my investing business. I'm in the middle of my first BRRRR deal!

I'm wondering folk's opinions about whether I'd be better off using a PM or managing it myself?

Post: 25 REHAB Component Spreadsheet

Shane R WilliamsonPosted
  • Rental Property Investor
  • Lexington, KY
  • Posts 17
  • Votes 3
Anyone out there create a spreadsheet or a template around J Scott's 25 components of a rehab from the book, "The book on Estimating Rehab Costs"? I figured I'd ask before I created one myself!

Post: Realtor and lending relationships

Shane R WilliamsonPosted
  • Rental Property Investor
  • Lexington, KY
  • Posts 17
  • Votes 3

So since I’ve not been an investor but a home owner I’ve worked with a real estate agent and lender 3 times in a span of 5 years. Naturally when I stated my business I brought both of them in thinking that I wouldn’t need another. However I’m learning to get leads of good deals there may be better agents out there and I’m discovering that my local bank may be the better options for refinancing and arm loans. I haven’t used anyone different yet and I feel guilty like I’m betraying them. Has anyone else experienced this? If so , how did you handle this?

Post: Rehab Estimate from experienced contractor

Shane R WilliamsonPosted
  • Rental Property Investor
  • Lexington, KY
  • Posts 17
  • Votes 3

@Evan Polaski My wife and I went to view this property on Saturday - we decided to pass! I think we would have been better off tearing down this property and building new.

Does your company lend private/hard money funds?

Post: Air BnB income estimator

Shane R WilliamsonPosted
  • Rental Property Investor
  • Lexington, KY
  • Posts 17
  • Votes 3

How do y'all estimate annual income for a STR ? Are the online air bnb income estimators by address accurate ?

Post: Rehab Estimate from experienced contractor

Shane R WilliamsonPosted
  • Rental Property Investor
  • Lexington, KY
  • Posts 17
  • Votes 3

First off, I know this is an impossible question.

However, I’m new to the brrrr strategy and hoping someone will help me out.

What would be a ROUGH estimate on a rehab to get this in rentable condition ?

Link:

https://apps.realtor.com/mUAZ/77085280

Post: Contractors - Richmond KY

Shane R WilliamsonPosted
  • Rental Property Investor
  • Lexington, KY
  • Posts 17
  • Votes 3

Looking for a remodel contractor for a possible full rehab in or around Richmond KY. Message me for details.

Post: Networking in Lexington KY area

Shane R WilliamsonPosted
  • Rental Property Investor
  • Lexington, KY
  • Posts 17
  • Votes 3

@James WilcoxLocal meet ups where and when?