All Forum Posts by: David Spurlock

Hey @Rachel Weiss,

I agree with you that it does seem odd. It seems that at your volume it makes more sense to create an in-house brokerage. Or you could even hire someone, have them get their license, and pay them 80k a year to do all your deals. 

I don't think the pm is the issue as others have already harped on this. BUT, to answer your question, go to Zillow and look up how long rentals are sitting on the market in your area. If the days are 1.75% over the average, I would have a serious conversation. 

Who is your current PM?

That's wonderful to hear Alex! How was the switch to commercial? Was there another learning curve?

Where is the 50k coming from? 

The seller usually pays the commissions. Although with the NAR settlement you may need your RE agent to negotiate that in.

Are you looking to purchase more RE in the near future? If so put less money down, eat the cost, and use the saved money for the next one. 

Your "good cashflow?" question depends entirely on the area you are investing in. The lower the class area the higher the cashflow you should be receiving.

Hey @Drew Sygit, Can you expand on "Old advice" and "new realities?"

Hey @Tom Ochieng,

The next move is to wait. If you are not familiar with the eviction process I would start researching it for your area or speak with an attorney. For future reference, what @Charles Carillo said is very good advice. The next move (On the day they were supposed to be out by) is to either move in or start the eviction process.

@Fareen E. @Steve K. @Caria Mitchell

I looked further into this topic and I stand corrected. You were correct that you can discourage/block an applicant from applying without breaking a fair housing policy if your application process requires them to tour. 

 I'm interested. What rentals are not subject to fair housing law?

 I'm considering doing the same thing. Let me know how it goes for you