All Forum Posts by: Tim Gosser

Thanks Zac Burke I actually connected with James a while back. Great resource. I had been in contact with his referral. We are working on particulars, but was looking to have a second opinion. I may actually go about it myself in the beginning. If it gets overwhelming I will have to consider hiring a professional.

Utica, New York. New Hartford, NY area. Does anyone know of a residential property manager for single family home rentals in the area? I need some help and Google searches aren't turning up much. Thanks.

Colleen F. This was perfect! You were absolutely right too. I can rent up to 4 students. I thought I was reading it the same as you, but I was told otherwise by my attorney. The closer was calling the actual zoning board to confirm. I was scared to bring attention the matter by calling, but they were more than willing to assist. Thank you very much for the assistance!

I just learned that my first two deals are zoned for single family homes. My plan is to rent to college kids. I have a clause in my contract that I can back out if I need to, but that isn't what I want to do. I know for a fact that the whole neighborhood surrounding my deals is used for college rentals. They are all zoned for single family as well. What are they seeing/knowing that I don't. Perhaps I am reading the law incorrectly or others are in the game and not playing by the rules. I can get into more details if anyone can help.

can you do this through the mobile app as well?  What if you are not a pro member?

Carl Carlson this is really good info and makes a ton of sense. I prefer to fix it before they break it any day. James Wheelock I would love to hear about your property manager. Also what sort of deals you have going on, would be great to have a local connection. You said to PM you. What does that mean? I am new here and I haven't figured out how to message you directly just yet

My name is Tim and I am new to real estate investing. I am entering the world of college rental properties in Upstate NY - Utica region. It's an out of state play for me, but my immediate family is there, offering minor assistance. I don't really know what I am doing, nor does anyone in my family. I don't want to rely on them too much, I prefer to keep family and business separate. I am 4.5hr drive away, so I have to build a support team. I just feel it's hard to hire the right people with just one house on the sheets. So I am not sure where I am going to find the best support to start. Maybe I pay up for a MGMT comp at while I start out. Than long term when I own more homes, hire a dedicated guy. I have this future vision of owning 20 homes in 5 years, as they are affordable. But I have to start slow with one or two and see if I even like this venture. I am in the closing stages of my first property and have low-ball offers on a few more. I already have my first place rented to my niece who attends the local college. I figure this will help me learn the ropes. Her mother works for the athletics dept at the college as well, she speaks to athletes daily who complain of the lack of rentals available at the growing school. I feel lucky to have that connection. I will create social media outlets as well to market, free platforms i.e. Facebook and Instagram to start out. I have major contractors available, but I still need to find a 24/7 fix it kind of connection/maintenance guy. I imagine that will help me in long run for smaller line items. Where I want some more opinions, what do you fix up before your first tenants ever step foot inside. On the surface, I need to update/install fire and smoke detectors and CO2. I want to remove wall to wall carpeting and finish hardwood. Update electrical outlets to bring up to modern standards. Are there any other screaming DO's and DONT's? Any information for this is greatly appreciated. Or any knowledge of the area and experiences. Thanks for reading and sharing in advance.