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31 May 2024 | 16 replies
Toledo pretty much offers the same, if you're set on that city connect with @Engelo Rumora Thanks for the plug mate,Hi Ken,We probably won't be able to assist as we offer turnkey and only to cash buyers.Our lowest entry point is $65,000 and that buys a 2 bedroom, 1 bathroom home that will rent for around $800pm.Plus, I'm pissed of with investors and lately and keeping all deals for myself heheI think you are on the right track with the 43607, 43612 and 43613 zip code.I encourage you to take a look at 43609 and select areas of 43610 and 43620.BRRR out of state is a recipe for disaster but since you are in Michigan, it isn't too bad I guess.Even being as close as you are and even if you lived in Toledo, I would always advise to get professional property management.An investors role is just that, to be an "investor".Elevate and delegate...Sure, you can probably manage 1,2 or 10 properties but that can eventually turn into a full time job.IMO, you should focus on scaling as in finding deals, raising capital, buying more properties, growing your portfolio, etc...And not dealing with tenants and toilets.Wishing you much success
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31 May 2024 | 12 replies
Insurance is not something you need until you need it....I don't require renters insurance from my tenants but I strongly encourage them to get it.
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30 May 2024 | 3 replies
I would encourage you to talk to a real estate attorney to make sure you are legal in doing so.
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31 May 2024 | 25 replies
Our current society tells you to take shortcuts, which is why you end up with $75,000 in student loan debt, thinking it would somehow propel you to riches and glory faster.
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30 May 2024 | 13 replies
I would encourage you to go the legal route instead of trusting the tenants word on their move out date if you are skeptical.
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29 May 2024 | 4 replies
It gives Alex a massive head start on the rest of society.
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30 May 2024 | 25 replies
I would encourage you to form a relationship with a landlord attorney in Texas who can assist you with needed forms, agreements, advice, etc.
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29 May 2024 | 4 replies
This is my first public post and I'm hoping for some encouragement and insight into the decisions and direction I am heading...My family of 4 is moving next week out of our SFR in Milwaukee (between the airport and Bay View for those that are in the area) and moving to a duplex which we will live in it as a single family while our kids are growing up.
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31 May 2024 | 44 replies
There is a fundamental difference between charging a flat fee like you are to cover administrative costs and running a maintenance arm out of a Property Management Company that encourages discounting work so they can recognize an additional revenue stream.
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30 May 2024 | 9 replies
I encourage you to use licensed professionals for the plumbing and bathroom.