All Forum Posts by: Toby Mims

Join us tomorrow on 01/25/2020 in Macclenny Florida for a BP member meeting / meet and greet! Meeting will be at the Crooked Rooster Brewery behind KFC! 

This will be Macclenny's first REIA meeting, and we also would like for this to be a Biggerpockets member meetup! There will be a short presentation by Alfred Nicolleti (BP member). There will be tables, chairs, and everything that the Crooked Rooster Brewery has to offer (Alcoholic or non-alcoholic drinks, as well as BBQ plates $ from Smokehouse Meats in Macclenny! Your presence is greatly appreciated, and I look forward to meeting each and every one of you!

This will be Macclenny's first REIA meeting, and we also would like for this to be a Biggerpockets member meetup! There will be a short presentation by Alfed Nicolleti (BP member). There will be tables, chairs, and everything that the Crooked Rooster Brewery has to offer (Alcoholic or non-alcoholic drinks, as well as BBQ plates $ from Smokehouse Meats in Macclenny! Your presence is greatly appreciated, and I look forward to meeting each and every one of you!

This will be Macclenny's first REIA meeting, and we also would like for this to be a Biggerpockets member meetup! There will be tables, chairs, and everything that the Crooked Rooster Brewery has to offer (Alcoholic or non-alcoholic drinks, as well as BBQ plates from Smokehouse Meats in Macclenny! Your presence is greatly appreciated, and I look forward to meeting each and every one of you!

@Thomas Moran I just bought a house from a wholesaler, and if I were you, I'd at least pay a home inspector to ride by and give an opinion. When the wholesaler is laughing all the way to the bank, you'll be the one dealing with all of the surprises, so do as much due dilligence as possible.

@Jeanni Prescan

You can check with your local code enforcement, to see if they are breaking any codes. Some cities/counties require dogs to be kept in certain types of fencing or kennels, especially certain breeds.

You could add an addendum to your existing lease, or change your current lease to include the amount of a pet deposit, if you will allow animals at all, or what types of animals you will allow depending on the laws in your area (discuss this with your attorney).

Provide the code enforcement and animal control phone numbers for your neighbors that live near the home.

Many insurance companies will not insure rental properties with aggressive breed dogs, so it might be in your best interest to do everything you can legally, until they move or get rid of the dogs.

If the dogs are living inside the house, you might want to get your funds ready and have your contractors already lined up, especially if there is carpet in the home. I know exactly how you feel, and I've been there. Let me know how this goes for you.

@William Collins. I would absolutely talk to an attorney. It's crazy how low some human beings will go to take advantage of a landlord. I call them slum-squatters! Please have your attorney involved, for what you do next. Time to take the gloves off!

Did you also account for property management when you ran your numbers?  I would always add at least 10% for property management in with my numbers on every deal, ask several top realtors in the area, who they would recommend for property management.  Then call each of these property managers on your list and vet them, even if you plan on managing this rental yourself.  At some point you might have a need for property management.  

@Patrick Sloan I don't think you are asking too much from them. I would have to see everything before I went all in as well.

I understand that we can't always predict exactly when the market will rise or fall, but I would like to hear everyone's opinion on where we are right now, and also where we are headed in the near future. Thank you.