All Forum Posts by: Johnny Wolff

Looking to start a group with folks that rent by the room - so we can share knowledge and collaborate on strategies. DM if you're interested and I'll send you the link.

Hello!

I’m looking for recommendations for a real estate economist blog or education source around key historic trends and rations.

Since I’m (kinda) on the younger side I’d like to be able to build longer term (30+ year) models for my purchases. Have a background in corporate strategy and financial modeling so I think I can do a decent job.

The only rub is some of the key variables I want to use are kinda harder to come by (what’s the historical rent inflation ratio when compared to price appreciation for example).

Thanks for any recommendations!

I'm getting close to creating a completely self managed rent by the room houses in Austin - tenant replacement / repairs...everything...its awesome.

I was able to do this by adding a rule in which the roommates are responsible for finding their own replacement prior to leaving - I highly recommend requiring 60 days notice so you aren't rushed (credit/background checked / interviewed by me as the final step).  I think getting to that position is the key advantage of what @Robert Brown mentioned - having the roommates involved in helping choose their fellow roommates from the very beginning.  The more tight and self sustaining community you build the more self managed the community can become once you eventually move out (if that's your goal - it was mine).

I recently bought one of the homes in the Milestone Eastwood at Riverside community and love the proximity to downtown, easy access to freeways, price point and build of the homes.  Lots of my neighbors feel the same way.  It is a bit of a retail desert at the moment but we're hoping that changes in the next few years.

With the addition of Oracle just a few minutes away the Montopolis area is a very convenient location for their employees to settle down as that campus reaches its capacity.

The community right across from the new milestone development is quite a bit older and I think there is an opportunity there for investors as well as north on Montopolis (that's where you'll find lots of beat up properties with BRRR potential)