All Forum Posts by: Sophia Griffies

Hey Chalie, all the  sub group meetings are posted on the calendar of events at www.treia.com. Good luck!

Thanks for your feedback. I definitely would not want a separate bank account for each investment property!

There was a recent Bigger Pockets blog post about Series LLCs vs traditional LLCs. It sounds like some states don't allow them, but you can get one that is registered in another state. Texas, Delaware or Nevada appear to be the best options. I'd love to hear from anyone who has a Series LLC and can share pros and cons. Thanks!

Hi Christopher,

Welcome to Bigger Pockets!  Reading Brandon Turner's book and practicing with the numbers is a great start.  You also should consider joining the Triangle Real Estate Investors at Treia.  They have a monthly general meeting in Cary as well as monthly subgroup meetings in a number of areas, including Durham, Cary, Rocky Mount and now Fayetteville.  It's a great place to network and learn.  Your first property type will depend somewhat on your individual needs and goals.  Do you plan to manage the property yourself?  Do you know specifically where you want to invest? 

Best,

Sophia

Hi Natalie,

I use Graham Clements at Koonce Wooten and Haywood.  His office is located near North Hills.

Sophia

Hey Matthew,

I have three rental properties in the Triangle and am also a realtor.  I'd be glad to get together next Friday for lunch or coffee and help you get a feel of the local market.

Steam Pro is excellent.  They cleaned the carpet in a home I had listed and were able to remove stains in an area  where I had thought  the carpet would need to be replaced.  I’ve also referred them to other clients who have been very satisfied.

I'm seeking recommendations for mold remediation for a rental property in Southern Pines.  I appreciate any suggestions.  Thank you!

I don't know if I'm just lucky but I have great tenants who all pay rent on time, take care of the home, and know when it's appropriate to call me.  I bought 3 rental properties in Raleigh last year, and did a bit of homework first.  Brandon Turner's "Managing Rental Properties" is a great resource for learning how to screen tenants. I also attended a TREIA workshop on legal issues for landlords and had a real estate attorney review my application and policies, and I do move-in inspections with new tenants so everything is transparent and covered up front.  I respond quickly when tenants do call and make repairs when needed. I just renewed my first lease and gave the tenant the option to renew with a a one-year lease /2% rent increase or two-year lease with no rent increase.  She chose the two-year, and I figure it's worth it to not increase the rent to keep a good tenant and have no vacancy expense/headaches.  I welcome others' thoughts on this and whether it's a good strategy.  

I use Graham Clements with Koonce Wooten and Haywood for my LLC (rental properties) and other taxes. Good luck!