All Forum Posts by: Scott R.

roof spotters is who I use if I need a "legit"  roof.. there's bunch of fly by night people out here.. but you get what you pay for.. 

Appears they more commonly go by "Weidner technical solutions" according to google 

geothermal is very uncommon. 

Weidner hvac has done several jobs for me and done better and cheaper then several other companies. 

Not sure if I can post phone number or any of that on here for the company, I have no association with them just use them very often for my hvac needs, they're very investor friendly priced right. 

Not a problem with your specific situation, but I can't stand when a company (any service) goes in and tells my tenants it all needs to be replaced. 

Water heater thermo coupler.. oh you need a new water heater..

Simple issue with heater.. oh whole thing needs to be replaced. 

It's terrible IMO as it puts in the tenants mind that the system needs to be replaced and that's not always the case, many times these guys are commissioned and just want to replace and not even diagnose. Weidner has been excellent in that aspect.

I've personally never used Palo Duro hvac but have heard several good things from them as well, and they are commenly used by investors it seems.

Good luck. Terrible time of year to be doing this.. if it can be held off for a few months you'll prob get a much better price. These companies are all swamped this time of year.

hope you bought a bunch of sfr with garages and central air. 

Best advice: don't overpay. 

As long as you don't overpay your on the right track. Fastest way to failure is overpaying for properties. 

find a deal that's a good deal and I'll buy it or set you up with financing.. finding the deal is the hard part.. goodluck..

welcome to bigger pockets. Amarillo is a fabulous but very competitive market. Make sure to study your multi unit very well as most multis in amarillo don't make sense numbers wise. Most agents in this town will drive you crazy as deals that are actually good deals are pretty rare on the "market"

A good title agent makes wonders of difference. Kathryn Wilson who recently moved to Chicago title downtown (happy state bank building) is my suggestion. 

Brad Stuteville from first capital bank on soncy is well regarded in relation to a investor friendly banker, i don't personally use him, just met him for the first time earlier this month, but I'd say a huge majority of serious investors use him, and he's prob well versed on local investments then most traditional bankers.

What are you interested in lending on? Long term holds? Short term flips? 

What do you do for your 9-5?

 -Scott 

basement or crawl space? 

it's a very costly issue you have there. Couple issues I see:

1. Most the reputable property manager companies id recommend (although they've never managed my property I've dealt with and know many people who have used them) would prob be Howard Smith or Paul French. Number one problem I see is most don't want lower end stuff (based off your profile showing class c and d) and the few properties I've notice you purchased, I don't think you'd find what you are looking for.

2. 10% is pretty much the standard rate in this area. That adds up quick. By the time you pay on 10-15 units you could hire someone 20 hours per week.. but that brings on other issues.

There are many many many property manager companies out there, tons im not familiar with, I'm sure some good some bad, nobody cares about your property like you do. I feel by the time most people need a property manager they can probably afford to hire someone even if it's only part time. I've known a few people who paid a small flat rate and gave bonuses based on getting units filled (which is the most time consuming part IMO, showing and screening tenants) and they also gave similar bonuses when a tenant stayed and renewed a lease. 

My next question, and this is just me being curious more then anything, do you have an office or some type of office space besides your house? this is where I run into issues, I personally feel you'd need to provide an office if you were to hire an employee, which means office space, internet, computer, office furniture and other items which greatly add to your cost to hire such employee.

I'm sure I can answer most questions, just let me know what I can help you with. The town is headed the same is done for years.. little appreciation but solid rental numbers. That being said apartment complexes are going up like crazy and I'm not sure where all these renters are coming from. Property taxes are extremely high compared to a lot of areas, take that into consideration.