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18 October 2024 | 7 replies
You seem very green, I would highly suggest finding a property management company to do this for your while you learn the ropes and how things work.However, you can also get a copy of "The Book on Managing Rental Properties" by Brandon Turner, and get some really good information.The main one's to consider are:Background check - totally clear, or will you allow certain thingsEviction history - totally clear, or will you allow if no evictions for last xx yearsIncome Requirement - usually 3x the cost of rentCredit History - totally clear, or will you allow certain thingsPets - yes or no, size, type, number of pets allowed, extra pet deposit/feeAgain, I highly suggest a property manager to assist you with this.
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17 October 2024 | 4 replies
At that point, you'll be under contract and could perhaps renegotiate the deal as @Jonathan Greene mentioned.
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24 October 2024 | 139 replies
I would also recommend getting Greene’s book long distance investing because he hits on this as well.
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22 October 2024 | 17 replies
Quote from @Jonathan Greene: Quote from @Jesse Dominguez-Castelan: Back in 2021,I found myself an opportunity in Indiana, where I lived, to purchase a house.
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17 October 2024 | 10 replies
@Jonathan Greene I completely agree that getting your spouse on board is crucial.
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17 October 2024 | 8 replies
@Jonathan Greene Thanks for the recommendation!
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22 October 2024 | 23 replies
Lol.What crossed my mind was he is making someone pay with the real intention to see if they would be a limited Partner in one of his deals.
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17 October 2024 | 4 replies
@Courtney HamiltonRecommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.
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18 October 2024 | 7 replies
@Jonathan Greene Couldn’t have said it any better.
15 October 2024 | 19 replies
Just going in blind and crossing your fingers.