Hello All, Given we are into winter Is this still a good time to purchase an investment property ?

What if she had left the water running, all the lights on, or the heat was off in the middle of winter?

📝 Below are specific systems & processes I have used for managing my long term rental portfolio in the Omaha, Nebraska market:Zillow & Apartments.com to list properties for rent & receive applicationsPre screening prospects with a few baseline questions before scheduling showings to weed out non qualified parties & tire kickersApartments.com (previously Cozy) for management platform, receiving rental payments, & accountingInputting expenses for each property each month Separate bank account for holding tenant depositsEscrowing insurance & property taxes in monthly paymentLockbox to allow contractors access during rehabHVAC maintenance contract for service twice a yearGutter cleaning company scheduled once a yearLeave on agreements with utility companies for all propertiesAutomatic late fees applied after rent due dateInforming tenants to email all non emergency repair requests & include images if possibleContacting contractor about a needed repair & having them get in touch with the tenant directly for schedulingPaying contractors promptly and thanking them for their good serviceMailing 2 tenant tip letters a year incorporating visuals for various items such as winter preventative maintenance, what not to flush down the toilet, reminder to clean lint trap from dryer, etc.

We offer these upstairs tenants small household gifts all the time, especially around the holidays, especially the ones who end up stranded in the apartment over winter break working on projects/internships/campus jobs.

Because the upper apartment is student housing, I have to get this done over winter break. 

GC hired framing sub to add full 2nd floor to home during winter.

Season GreetingsHere's wishing you all the joys of the season and happiness all throughout the upcoming year.

All the best,

Demetrius L. Brown

I would send more the interest after the forest few years, but would use the added cash flow to get more doors.Also wpukd work on refinance or looking at selling the unit based on performance at the 5 year mark. i am looking to buy and hold.

@Jay Macarus as long as your in a solid area, Bagley, Rosedale,sherwood forest, etc you will be fine but will end up paying a premium.

@Alex Forest,I was actually just talking to a friend about this a few days ago!