All Forum Posts by: Toks Akindele

Currently in the process of closing on a package of SF homes and I wanted to ask whether a new Landlord needs to write a letter directly to the tenants or whether it is better to let the Property Manager inform them. If you think the new landlord needs to introduce themselves, can you help provide some important items to mention in this initial communication. If you also think the new landlord doesn't need to introduce themselves but stay status quo through PM, then state why. Thanks for your attention

Does anybody out there in KCMO have recommendations for a good Handyman; somebody diligent and affordable.  

We just need somebody we can call on for light maintenance repairs (when needed). 

Light maintenance work - Electric, Plumbing, Carpentry, Floors, Painting etc 

Deisy, the first thing you need to do is re-orientate your thinking...don't think of yourself as a Female Investor; you are an INVESTOR who just happens to be female. So forget the self doubt and get back at it and learn from your mistake. There are men out there that have made more mistake than the $7K+ one you just described. I love and play soccer and what I notice is that the top soccer players that are female do the fundamental things top men soccer players do. Like women before you, you now have the RESPONSIBILITY to blaze a path for other girls coming behind you. I just got my daughter into this and she just bought her first house and told me yesterday she wants to get a 2nd one next year. Give her a good example and stick with it :)

Thank you Michael...Cleveland definitely looked promising

I don't think this is a strategically good investment for the Landlord (Investor). Looks like this Company is generating cashflow from the margin on the leases and it is doing that with hardly any Capital investment and no risk on Repairs. The landlord makes the Capital investment and owns the repair risk but gets lower rent than if he had done it alone. The only benefit a landlord gets is guaranteed rent based on lease term....but note the landlord can create that too by signing the lease directly with renter. Not a good deal...you retain too much risk and CAPEX for little benefit

Thanks for that very balanced opinion

A few people have also mentioned Columbus, OH ..that just slipped my mind. I will look into it. Thanks for the opinion

I am an OOS investor looking at Ohio (for next year) and I have narrowed my opinions to Cincinnati, Dayton and Toledo. If there is another City I should have on my list, let me know. I am interested in properties in the $30K-$70K range for SF and less than $375K for MF. What I am looking for is Cash Flowing properties and if appreciation happens, then that is a bonus (my focus is good cash flow properties). Here are my questions:

1)Which of these 3 cities will cash flow the best relative to Purchase price of property

2)I was told that neighborhood quality in Cincinnati changes block by block which will require more local knowledge than I have...which of these cities has the best broad range/spread of quality neighborhoods (interested in B and C type properties)

3)If you know good Realtors in these cities who are OOS investor friendly, please provide info

4)If you know good Property Managers, please provide info

Tonye, if you are interested in buying any of these houses, why don't you use your real estate agent to do these for you. Your agent can can either schedule live video showings with you or he/she can record it and upload it to you. You are complicating things if your real estate agent has to now coordinate viewings with another person including you. Your real estate agent can do all these things you are asking for