All Forum Posts by: Shiri Manor Nisenbaum

@Thomas S. I did buy them for cache flow. However I also bough east point because I thought it will appreciate as the area under heavy development. I did buy Lawrenceville because I though it will have good tenants, it was good price from state sell. Prices went up very nicely so far for both. 

 @James Mcgowan , @Nina Sylvains I am using property manager for all my properties. However these two properties didn't perform very well. And I am not sure if the PM is not good, am I falling in some bad statistics or the area is problematic.  or all of the above... 

Thanks a lot everyone 

Hi

I would like to sell one of my properties and I cant decide which one. 

The property in east point was built in 1955. I purchased 1.5 years ago. Did inspection and repaired everything per the report. Since than every month tenant complains on new issue and I need to put more and more money. Overall cache flow is almost zero. On other end east point has lots of new development and I think keeping it for additional 2-3 years will yield large equity.

The Lawrenceville property was built in 1970. I purchased two years ago. Didn’t have much luck with tenants. The first tenants disappeared after 6 month. Second tenant we almost been in eviction process twice and he eventually paid. Now he plans to leave property when lease ends. So I will need again to make the house rent ready and pay for tenant placement. The issue here is beyond the bad luck with tenants. Is that I don’t think that Lawrenceville will appreciate compare to my other rentals in ITP area.

Both properties gain some appreciation since I purchased.

What do you suggest? Sell east point or Lawrenceville

Thanks

@Brie Schmidt Thanks!

Hello

I would like to post a question  on local real estate forum: Atlanta.

I cant find how to do that. What should I choose in " Pick a Forum category"

Thanks, Shiri

hi @Keidrick Cole I will send you a message after we connected and send you full feedback on company I used.

Hi

I am out of state, I leave in Israel. I do wire transfer directly to law company bank account.

They accept only wire transfer. it cost 30$ in bank of America and the money received in the same day.

Shiri

@evan stalcup - yes we did 16 month lease 

The house was rented for 1150.  My conclusions are:  We asked for too much rent. Powder springs is slower for rental. During same time of the year we didn't have any issues in other cisties in Atlanta area.

Thanks all! I asked PM to reduce rent && allow pets per fee. Lets see if it works. I love BP.

@Patrick Miller the house is in North India Mound (Furlong Way)

@Morgan Klein The PM is using Zillow.  We lowered the rent in 100$ and they had first showing this weekend. However overall they say there is low interest. The PM told me they will do 18 month lease. Maybe lowering the rent more will bring more people.