All Forum Posts by: Winn Merwin

@Aaron K.

Thanks for the thoughts. I would rather keep a strong relationship with them, then bicker about pennies but I would hate to leave money on the table. 

Hello BP,

My wife and I currently have 4 doors/3 properties with a PM who we really like. We are currently paying 10%/mo. 

We are under contract on a 4 unit property. I am wondering when is it appropriate to ask for a reduction in monthly % paid to our PM? Is 8 units enough? Total should be about 6K in gross rents when they are all occupied. 

Should I ask for a reduced rate on the new ones? Reduced rate on all of them or wait until we have more properties?

Thanks in advance.

@Ben Dean

Welcome! We love the Augusta area for buy and hold properties. We are trying to add to our portfolio currently, but its getting a bit tougher lately. Still good properties to be had though.\

Let us know if we can help. 

Hello Jennifer,

Congrats on the first deal!

My wife and I also invest in the Augusta market. We love it, although things seem to be heating up a bit currently.

Is the 4-plex also in Augusta? If so what part? 

It can really be street to street. I think trulias heat maps for crime will give you a pretty good idea of the areas to avoid. 

Hello Stan,

Quality duplexes can be hard to come by in parts of Augusta. Which area are you looking into primarily?

Hello Tracy,

Can you tell me the address of the home, the note  is on?

@Shelby Lunger

I use trulia's crime map to get a decent idea, but Augusta can be block to block in places. A good property manager can give you a better idea of what you are looking at. We have moved away from the area and are now 2 hours away. We try to drive our streets monthly to keep an idea of how the area is changing. I knew every road in a 5 mile radius 2 years ago but could not be sure now that I don't drive the streets weekly.

That being said, we have not had any issues related to crime in the 2 years that we have owned our properties. 

Hope this was helpful.

Winn

Hello Lisa,

I thought that I received an email whenever Augusta GA was mentioned in the forums. I may need to check my email preferences.

My wife and I are looking for small multifamily properties. We are primarily focused on the hill area. Around Augusta University is our main area. Close to the school and hospitals. We own 2 SFR's, one on Stovall and one on Kissingbower. We also own a Duplex on McDowell. We love this area for rentals.

Let me know if you have any other questions.

Winn Merwin

@Scott Krone

Great thoughts. We will determine our roles first. Thank you.