Hi everyone.I have been self-managing a few rental townhouses for about 2 years. I'd say on average, I get called every 2 weeks about repair issues. I have received all kinds of repair requests, e.g. clogged dishwashe...

Multifamily's frequently have multiple electric meters, even though it looks like a single house.

Hi, I am a landlord in Salt lake city. I have a couple of SFH to rent for a few years. I hire a PM company to manage. including basically everything. I found my tenant normally only rents for 1 year, they seldom renew...

Hi, I am a landlord in Salt lake city. I have a couple of SFH to rent for a few years. I hire a PM company to manage. including basically everything. I found my tenant normally only rents for 1 year, they seldom renew...

Unfortunately the lawyer I use most frequently says he doesn’t have a month to month lease that he uses so I’ll probably reach out to another one to get started if I can’t get one from a BP member. 

If you rephrasing the podcast's advice it sounds like this: "Since the yields are declining in an area that you have probably spend a lot of time learning, analyzing, and thinking about, you shouldn't invest there, but rather chase yield and invest in areas whose characteristics are totally different, and arguably more complex."

I also make comments about neighborhood characteristics so I know if the property is in a better or lessor neighborhood. 

Ultimately, we chose rent-by-room because we didn’t want to deal with frequent turnovers associated with short/medium-term, and because Colorado Springs doesn’t allow (for the most part) STR’s to be owned/operated if you don’t occupy the property.

You might not even get two unless you fully participate and contribute each of those characteristics yourself someway and somehow.

I think it's important to evaluate some of the qualitative characteristics of the property to ensure its long term viability as an income stream (i.e. is it in a good school district, low crime, near a corporate campus, etc. etc.).