In this week’s blog, I am turning it over to Auben Columbia’s Market Sales Manager, Chris deTreville, and his thoughts on what a 20-year scatter site residential rental professional thinks about new construction rentals and specifically intentionally developed (build-for-rent) rental communities.

Maybe you are more interested in acquisitions or asset management, so make sure you know what you want, and clarify that to the mentorship.

I think getting my ducks (management/ financing) in a row and seeking out a discounted MF deal makes a lot of sense.

Once you close on the sale of your relinquished property, then the clock to ID a replacement property starts ticking. 45 days is manageable but the time goes quickly and a lot can happen in that time.

Thanks @Jay King - The trustee in this case is a trust company that is managing the estate, you're saying I can offer them additional money to sell the house to me and it might work versus an individual person who was named as a trustee? 

If it were me, I'd find a friend or family member with some cash, convince them that it is a good investment and say that you will manage it for them at market rate of 15-25% depending on your market.

I just started thinking about selling it because of the new local rental/landlord law in Concord, and there is no more depreciation.Plus, I am thinking of maybe it will be nice to have a vacation/rental home in HI too and not worry much of maintenance if the building has maintenance and manager in house.

Mark,Jordan is correct in his analysis but the problem lies in managing not to get thrown out of the seller's living room when you offer him $97,200 for his park. 

Having worked as a Location Scout/Manager for the past 20 years, I bring my production experience to my new role of Real Estate Investor.

Hi BP Community, I'm looking for a good property manager in Terre Haute.