All Forum Posts by: Alain Perez-Majul

Hey guys, wanted thoughts on this:

Have a qualified applicant that I have an extra good feeling about: only problem is, the home does not come with central AC (we provide new window units) and the potential tenant says its a deal breaker.

The neighborhood has a mixture of homes WITH central AC and some without, so providing window units is right in line with the neighborhood. 

Pro of installing central air:

- Get great tenant that might stay for 2+ years; value add for future tenants

- Adds value to the home upon resale

Cons of installing central air:

- Higher up-front expense (less amount I would have to pay for window units)

- Possible costly maintenance expenses down the line

Appreciate any two cents! Is it worth it getting the unit installed, or pass on to another tenant and provide window units?

Cheers

LOL at the name!

Welcome @Zlatan Ibrahimovic! It's great to see another Indy guy come on board! I am a full time real estate broker and wholesaler locally. Glad to help with anything you might need!

@Darien Gaston

Welcome, Darien! You will find this site to be very helpful and will surely be a great resource to accomplish your goals!

Happy investing!

HI @Jory Harvey

I would like to suggest two excellent tools to use for rental properties: 

-Zillow rentals 

-rentometer.com

I did a search for "the town where you work" (and I'm assuming its Mannford, Oklahoma) on Zillow rentals and found nothing. However, I did it for rentometer (with the parameter of 3 rooms), and it populated quite a few. Check it out:

https://www.rentometer.com/results/eJ-fN-tDIoQ

Pretty high rental average! (compared to Indy, at least). Hope this helps! And if anything, it shows you that there ARE properties being rented in you area. 

If you're skeptical, I suppose you can pick a dot on the rentometer results, look at the address, and go knock on the door and ask if they're renting lol!

Cheers

@Ishviyan D.

Hey Sergei, welcome! I'm an local real estate agent/investor here in Indy. If you have any questions, don't hesitate to reach out! 

Cheers

@Clint Morgan

Hahaha hey Clint, welcome! Believe it or not, but simply getting active on the site and participating will be huge! Like you mentioned, ask questions and chime in! As I'm sure you're aware of already, this is a great community. I'm out of Indy, so if I can ever be of any help, lemme know!

Happy investing

Cheers

 LOL love the irony of this comment, followed by the "we buy houses" website below it. Hahaha

Hi @Aaron Xie!

I don't have personal experience with pets yet, but for my properties, I will be allowing them. Not allowing pets significantly cuts down on your tenant pool (think about how many people have pets, and how important those pets are to families). Moreover, you can charge a pet deposit for the option to have a pet, and also charge a higher monthly rent! Hope this helps a bit!

@Rocky Verteramo

I'm with @Stephen Barton on this one. I get my lists from list from listsource, and I've used gobigprinting in the past for my letters. 

Yeah, selling a house of that price looks so sexy and enticing, but @Dell Schlabach, you hit the nail right on the head, IMO. People automatically think it's great to list a $1M+ house, assuming it's sell like your average home. But it's not uncommon for them to sit on the market for many months to more then a year because the pool of buyers is so slim, simply because [logically] there's less people that can afford that type of home. Moreover, once you're talking about buyers that can, they're more picky given that they want it almost perfect (in terms of what they're looking for in a house) since they're paying so much for a home.