All Forum Posts by: Timothy Olaore

Wow! Such great insights. 

My brother lives in in Dayton and could help property manage.

Thinking of it more of a long term high interest savings vehicle than a heavy cash flow play.

I've also heard that there are solid pockets in Indiana for MF.

My wife and I are in our first house hack (duplex) in Citrus Heights CA (Sacramento County) that we closed on in Dec of 2020 and looking to pick up another multi-family unit before the end of 2021. We hope to have 30-40k saved by the  end of the year but want to get the most bang for our buck by way of monthly cash flow.

Duplexes in our area are around 500k but we're al so looking at Dayton Ohio and other markets where we have folks to help property manage.

Any advice on what to consider?

@Michael Doherty wow that's incredibly helpful. I'm going in Thursday to get pics and video and will start posting on FB

and @Filipe Pereira no I did not know about the upvotes :) I'm such a noob lol. Thanks man. And it looks Cozy is pretty popular and reliable. Thanks for the perspective on utilities. I'll do some more digging.

@Laticia Braxton I love the idea of a video/virtual walk through! Challenge is if we want to do that now (weeks before we close) there is currently a tenant working on moving out. I feel like we'd have to rely on the existing pics of the place. But we can work with the current tenant to come in and shoot some video before they leave. Maybe we combine it with inspection/appraisal.

@Andrew Rosenberg good insight! how do we 'verify income' as opposed to 'employment'? last two paystubs?

@Filipe Pereira oh my gosh....INCREDIBLY helpful. Especially because the units have fire places...I didn't think about the warm fuzzy feeling.

Any recommendations on tenant BG check tools? And in your experience do landlords usually have tennants cover all utilities including water power waste etc? or are there some that they keep in their name?

My wife and I are close to closing on a 3x2/2x2 duplex in Citrus Heights CA and with it being our first house hack, we want to learn as much as possible by doing a lot of things ourselves; including leasing the other unit out. We've done a bit of high level research on what we can get for rents on the units but would like some advice on how, where, when to list to screen potential tenants in November December months.