All Forum Posts by: Vanessa Homuth

We are looking for a lender for a turn-key rental property in the NJ area. We are out of state investors with non-traditional income, so it has to be someone willing to look at property economics and not just W-2 income. Please let me know if you have any leads.

Thank you!

@Jane Dang property taxes change each year in the Plano/Dallas suburbs. Property assessments occur once a year and taxes are based of those assessments. Assessments have gone up a lot lately, but people have also had decent success fighting them. You should be able to check a properties specific tax history on both the county assessors web page, as well as on zillow. 

In terms of investment areas, Plano and Richardson are pretty tough markets for a good cash flow property. I'd move a little further north in areas like Frisco, Little Elm (just double check school district) and The Colony. With the major job growth in the area happening in the Plano/Frisco area, there is lots of interest in housing north of Plano. 

thanks for the recommendation @Chad G.

@Marc Cunningham Thank you for your thoughts and suggestions. I have heard very good things about Charles and plan to connect with him. I will be sure to keep you in mind as we build our rental portfolio and look at property management options. 

Hello, we recently moved to Denver and are looking for agents with a focus on helping find investment properties. We have several long-term SFH rentals out of state and are looking to diversify the types of investment projects to include multifamilies, brrrr, buy-and-flip, etc. Anyone have good referrals?

James L. Yes, I would definitely recommend Harry Boysen. He understood what makes a good rental property and worked hard to help me find them.

James L. I had once lived in Northern Texas, so that is how I knew about the area. While I'd love to invest closer to home, it is much harder to find good returning properties here. I would definitely recommend Plano Property Management. We have been very happy with their services. Our tenants have renewed several times, which partially suggests the tenants are also pleased with the response times from Plano Property Management. I would definitely recommend using your property management company as your buying agent. You can negotiate less of a new tenant fee (I paid 50% of one month's rent rather than 100%) and they should have a good sense for rental rates. One random piece of advice - If you end up buying in the northern Dallas suburbs, be sure to think about timing when you buy your property. On my first property, I made the mistake of closing mid October. It was really hard to find renters that time of year. We didn't find someone until the beginning of January. People don't often move near the holidays. My next property closed end of May. I had renters moving in less than one week from closing.

Welcome! I own three rental properties in the northern Dallas suburbs (Plano, Frisco, Little Elm) and have found them to be excellent markets. The corporate job activity in the area has made renting these properties for good cash flow a breeze (not to mention good appreciation). I use Plano Property Management (Harry Boysen) since we are out of state and didn't have contacts setup to manage them ourselves. I was also able to negotiate a discount on new tenant fees by having Harry as my agent when I bought the properties. I also get a discount for having multiple properties with them. That being said, with more experience now, I am debating just managing them myself at this point to save on fees. In terms of areas, I would definitely recommend the norther Dallas suburbs since there is so much job growth in that area. Frisco is a great growing area. With Little Elm, you want to make sure the property is in Frisco schools and not Little Elm. Plano has gotten much pricier, so it is harder to find good cash flow properties in that area. Good luck!

Devin Martinez did you end up finding a place for your wife to hang her license or a way to get around the requirement? I agree there are benefits that make it worth the hassle.

My mother-in-law is looking to evict the tenants in her condo so she can move back into it and eventually sell it. Any recommendations on a lawyer to help with the would be appreciated! The condo is in Los Angeles and subject to rent control laws there.