All Forum Posts by: Suzanne Player

You definitely need to consult an attorney for this one.  It may not cost as much as you think, and NOT having the correct legal advice could end up costing you a lot in time & money.  

If you missed any of these events, you can find the next one at:

https://www.biggerpockets.com/forums/521/topics/1073419-november-2022-tenant-screening-for-your-rental

We post them on Bigger Pockets forums in the Real Estate Events & Meetups section, Long Island

You can also join Real Estate Rocks & get notified automatically by joining us at: https://www.meetup.com/real-estate-rocks-investing-group/

Investors (& aspiring investors) of all levels welcome

If you missed any of these events, you can find the next one at:

https://www.biggerpockets.com/forums/521/topics/1073419-november-2022-tenant-screening-for-your-rental

We post them on Bigger Pockets forums in the Real Estate Events & Meetups section, Long Island

You can also join Real Estate Rocks & get notified automatically by joining us at: https://www.meetup.com/real-estate-rocks-investing-group/

Investors (& aspiring investors) of all levels welcome

If you missed this event, you can find the next one at:

https://www.biggerpockets.com/forums/521/topics/1073419-november-2022-tenant-screening-for-your-rental

We post them on Bigger Pockets forums in the Real Estate Events & Meetups section, Long Island

You can also join Real Estate Rocks & get notified automatically by joining us at: https://www.meetup.com/real-estate-rocks-investing-group/

Investors (& aspiring investors) of all levels welcome

"Ladies and gentlemen, I’m not in the hamburger business. My business is real estate.” – Ray Kroc, McDonald’s Founder

This month we'll talk about:

• Why you should screen your prospective tenants carefully
• What to avoid in a tenant
• How to check whether a tenant will be able to afford your rental

What is the Warranty of Habitability?

What Lease Provisions NY Landlords Should Not Put in a Lease?

Remember...
Even if you are not ready to invest just yet, you can start the process of educating yourself about real estate.
You don't get anywhere by just clicking the Join button on Meetup.
You make progress toward your goals by actually attending events, learning new information, & meeting new people.

PLEASE NOTE: This is not an advertising platform, a sales funnel, or a marketing ploy. We don't want to waste your time with useless drivel because we hate to waste ours. And, we will not put you on any marketing lists & start spamming your inbox - no matter how much you beg us to.

Twitter: @RealEstateRoxNY
SuzannePlayer_broker

Instagram:  suzanneplayer_broker

https://www.instagram.com/suza...

Facebook Networking Group: By Invitation

The pictures look great, the house is decorated with today's trends in mind.  I don't know Knoxville, but the location looks very desirable going by Google maps.  This isn't a time of year when a lot of families are looking, that could be slowing things down.  

You might want to price out the extended warranties on appliances, they often pay for themselves with one repair visit

When you just need a part you can replace yourself (like a new roller for a dishwasher rack) https://www.repairclinic.com/ is a good source 

You're looking in Austin, TX?  You can probably find some good info in the city's Master Plan

https://www.austintexas.gov/de...

(Not sure if this is the latest for your area but it gives you an idea of what info you can find)

Danny Weber works in your area, he was a speaker at our meeting online last year, he was very knowledgable & investor friendly, you might call him (He's on BP as well)

https://www.myhomesimple.com/

Hard to say without some background & specifics on your situation:

Are you currently renting?

Do you have any debt (besides a non-luxury car payment & mortgage on your primary)?  If you have consumer debt or are spending money on luxuries, there is probably no need to go further yet, you want to get control of your budget first. 

Just you, or do you have a spouse/significant other?  What are their needs?

Can you (& significant other, if applicable, both  work remotely? 

Do you have school age Kids?  Kids that will be going into school in the next 5 years or less?  If so, where do you want them to go to school?  This of course influences where you live, perhaps more than any other factor

These numbers you may not want to post, but to give a better answer we'd have to consider:

What amount of cash do you have to invest?  

What income range are you in?  

You might start with talking to a mortgage broker & getting a pre-approval.  You might need to do this with each scenario, for example, a 2 family in Queens, a 2 family in Stamford (you need different mortgage people that work in those areas & know the specifics), a condo/single family in another area you'd consider (Texas, Florida, etc) while living in NYC.  When making a decision like this, I like to walk through each scenario in as much detail as practical, labeling each one Scenario A, Scenario B, etc.  Writing it all down systematically helps bring together the details needed to make a decision.

Our investors' Meetup meets monthly in Nassau County, near Queens (Manhasset), & we talk about these things in detail.  You are welcome to join us any time, I post the events on Bigger Pockets in Events & Happenings, will schedule next meeting shortly.

Being young is not an excuse for being irresponsible. if they’re old enough to rent a place, then they are promising they’re old enough to be responsible. If they can’t be responsible, why would you renew their lease, even with on time rents?  If you don't find the source of the leak, you may end up with massive water & mold damage.