All Forum Posts by: Tiamo Wright

If you get a BiggerPockets Pro subscription you get access to state specific landlord forms as well as things like pet addendums. I take the state specific lease, and add anything specific to my property. An attorney for a final peek is always a great idea just to ensure you are covered. 

Local and state laws are changing on the daily so I think that the right Property Manager really helps with that but hiring a PM or self managing is always a personal call. This page has some helpful resources. https://www.biggerpockets.com/blog/manage-your-rental-proper...

From Maine, but no longer love there. Every time I go back to ME and NH I think about investing there so you are in the right place. Welcome to the community!

I work for BiggerPockets so of course biased but I think the Pro membership is more than worth it. You get landlord forms, unlimited calculators, free tools from some of our partners just to name a few of the benefits AND you support a great business that wants to create a space for investors of all types to connect and grow their real estate. I also love education that I can get for free or paid so why not mix it up. Join a bootcamp, listen to the podcasts, read/add to the forums, read our books and go to local events. Win-win :)

My concern if it is this challenging to get receipts and a contract and you are the owner, how is she going to handle the tenant relationship. 

Welcome! Where are you starting from, have you already done some research on your market and strategy? Tons of great learning on the site, books, blogs, podcasts and of course all these other great community members.

The forums are a great place to read what others are saying and get great advice from folks that have lived it. We also have a new matching tool where you can answer a few questions and get a list of property managers in your area. https://www.biggerpockets.com/business/finder/property-manag... It never hurts to talk to a few folks to see who you want to work with. One investor I spoke to last week said that personality of his property manager was the most important thing after years of dealing with relationships.Something I hadn't considered when I was looking more about how they market to tenants, handle maintenance, etc. Here is also a great article about some questions you can ask them https://www.biggerpockets.com/blog/questions-to-ask-a-proper... Good luck on your investing journey.

As stated above brush up on the local city, county and state laws. There have been a ton of new ones in Colorado recently that you want to make sure to know about.

Hey- Tiamo from the BiggerPockets product team here. The Pro membership is ideally for investors, giving them the tools they need on their journey like calculators, landlord forms and discounts. We just launched a new subscription called Business where you can highlight your services. That way it is easier for investors to know who does what. Some folks have both Pro and Business if they want both tools, but just wanted to throw that out there as a way to show what you do in the community. https://www.biggerpockets.com/business

Outside of that I have gone to several local real estate meetups in Charlotte and Denver and feel like some great conversations often lead to future relationships.

Welcome!! Also in Charlotte. The education part is my tip. Every state and city has different rules for landlords so knowing those and keeping updated as things evolve. 

I was on the board of my HOA and the property manager did some of those things on the list but also primarily forwarded us emails and issues to solve. It felt like another job that I had. We did discuss as a board having a more hands on property management company but looking around the fees were quite high and the community liked keeping their HOA dues low. So I think it just depends on what the board and community members are willing to take on vs the property management company but they certainly come in all shapes and sizes.