All Forum Posts by: Travis Henry

Aloha!

Come join us for our monthly REI Professionals Lunch in Downtown Honolulu! These casual lunches are designed to bring Honolulu real estate investors (at any stage) together for networking and discussion.

This month, we will be hosting Melanie Johnston, a realtor with Hawaii roots who now lives and works in Arizona (Phoenix, Scottsdale, Paradise Valley). There will be no pitching of any products or services; just some good information for investors looking into Arizona and other out-of-state markets.

We will discuss:

• A general overview of the metro Phoenix landscape and how to evaluate out-of state markets.
• Census data and reliable sources of information for migratory patterns, employment, crime, etc.
• General tips on building your out-of-state dream team.

To save your spot, please click "attend" above and RSVP here:

https://www.eventbrite.com/e/rei-professionals-lunch-downtown-honolulu-tickets-65059205836

If you have any questions, feel free to send me a DM or email at [email protected].

_________________________

About Melanie:

Melanie Johnston has been a licensed Arizona real estate agent for 15 years. Her brokerage, Tru Realty, was founded by an investor/broker and works with investors across the country attracted by Arizona's steady job growth, strong rental market and opportunity for property appreciation.

An experienced fix and flipper and short-term rental host, Melanie assists clients in navigating the vast Phoenix market to find properties that match their lifestyle or investing goals. Her connection to Hawaii includes living in Kaneohe (attending Kahaluu Elementary) and then Mililani. A graduate of Arizona State University, she feels lucky that her best childhood friend lives in Lanikai and invites her back for summer visits.

Contact Melanie:

Melanie Johnston
Realtor, Tru Realty
(480) 241-0241
[email protected]

@Melanie Johnston Thanks for sharing. Look forward to digging into this a little more when you're on island next month!

@Chivas Miho No worries! I'll definitely keep you posted on the location for the August meetup!

Aloha!

Join us for our monthly REI Professionals Lunch in Downtown Honolulu. These casual lunches are designed to bring Honolulu real estate investors (at any stage) together for networking and discussion. Come as you are and enjoy a meal in good company!

To save your spot, please take a quick second to RSVP here.

If you have any questions, feel free to DM me or send an email to [email protected].

We hope you're able to make it!

Travis

@Mitchell Shimabukuro yeah, there’s going to be one meter for the quad. The submetering options I’ve looked into seem like too much of a hassle. I’m thinking the easiest way would be the flat rate on top of the rent.

@Theresa Harris we’re planning to add $25-$40 to current market rents for the water. As we get closer to construction completion, I’m going to connect with the owners of the other quads to see what rents they’re going to charge.

@Frankie Betancourt Just to be clear, the $500 interest payment would be made monthly. At the end of the term (12 months), the $50,000 of principal (and any accrued interest) would be due. So yes, in total, you'd end up paying $56,000 at the end of the term, but you're actually making I/O payments on a monthly basis.

@Pat L. I might be misunderstanding your comment, but neither of us lives in state.

@Michael Noto that’s true. I guess we would be having a completely different conversation if these were C/D class tenants! Thanks for the feedback!

@Lynnette E. that’s a good point on the flooring (not to mention the doorways). I have an appliance store in mind, but I’ll have to check with them to see if they offer servicing and double check warranties.

@Don Gouge Thanks, Don. I'm assuming you're talking from the perspective of, "just another that could break" or "another thing the tenant could complain about." If this is the case, then point well taken!

@Scott P. I've been teetering back and forth based on the circumstances. To me, the metering issue is somewhat mitigated by the fact that we're planning to bake an additional $25-$40 into the monthly rent. To your last point - yes, the tenant could end up doing a ton of laundry, taking hour-long showers, and double tapping on the toilet to run up our water bill. Most of these issues are tied to electric (which is metered separately)...hopefully that deters them from going down that path.