All Forum Posts by: Zach Wright

@Julissa Rivera

This is a great point. Thank you for the response!

Wondering if there is a "best practice" for offering shared wifi to tenants when renting by the room.

Seems like it would be important to offer this along with cable, utilities, laundry, etc... but wondering if this is something that should be charged back to tenants or just built into the rent. 

Does anyone have experience with this?

@Glenn Katz Hi Glenn - currently searching for my first deal, so I have minimal investing experience but I'd be happy to chat if you're interested!

@Sant Li these are some things that I hadn’t considered. Thanks so much for the response!

@Michael Noto Good point! True - I will need to consider this more (seems like income from 2-4 bedrooms for laundry may be worth paying for my own and putting that money toward the water bill). 

@Artem Belayev @Ryan Deasy Have either of you considered offering amenities to tenants while renting by the room? Thinking that offering wifi, tv services in common areas, etc for a flat monthly fee would be a win win (cheaper for tenants than buying themselves and profitable for me)

Thoughts on this strategy?

@Ryan Deasy this makes sense - thanks. As my first investment, I'm worried about tenants having no visibility or accountability for actual utility cost - but seems like this is unavoidable when renting by the room. Thanks again, I'll be checking out your blog!

I am actively searching for my first house hack deal (western MA, > 4 bed 2 bath, single family/duplex, <250K).

I am wondering if anyone has experience dealing with utility expenses while renting by the room. I understand that, generally, the owner takes utilities, as it is impossible to measure usage while renting by the room. 

I'm interested in any strategies to mitigate this cost (other than building into the rent). One strategy that I'm aware of is utilizing coin-operated washer/dryer to offset some electric/water costs. I'd love to hear of other strategies!

Thanks - Zach

I’m new to real estate and am currently looking for my first deal (duplex in Western Ma).

I am struggling to find leads that have not been on the market sitting on Zillow, Realtor.com, etc for months. I have spread the word to friends and family that I am searching for my first deal to begin building my brand in this space, but this hasn’t yet yielded any leads (possibly due to my lack of track record and proven ability to close).

I’m hoping, based on experience, someone may be able to provide some advice on lead generation strategies to a person with minimal industry contacts - where’s a good place to start outside of listing sites?

Thanks @Ana Coello - I'll definitely check out the books as well!

Do you have any advice for the showing process (when you find a deal you're interested in and go see the property). I'm still somewhat unsure of what the "rules" are. Do you normally go with your partner? Do you bring a contractor along to help with rehab estimates? And do you normally work directly with the selling agent or work with your own agent?

And advice from your experience would be awesome!!!

Thanks,

Zach