All Forum Posts by: Anh Truong

I agree somewhat with Sue Kelly. The disadvantage of having an alarm system is when some tenants do not want to move out or do not pay.  There will be no easy access for you to get into your property. 

There's no secret into flipping houses, just tips, advice, and vision. You have to have a strong will power to do the things you want. Reading an instruction book or going to a seminar isn't going to help, but the will power to get going. 

 3 important conditions in buying a house:

make sure it's in a desirable neighborhood.

make sure the property is in good condition (fixer upper or just cosmetic) Estimate how much it would cost to fix the property vs how much you're going to profit from it. 

make sure it's way below market value. I usually purchase mine below 40-60% of market value. I use sites like homepath, auction, HUD, and kw. My favorite is zillow, although most people do not think zillow is legit, i purchase a couple of houses i saw on there. Beware of scams.

I am also looking for houses in the Atlanta area too. Housing market has gone up in ATL 2 years ago.

Goodluck competing against me :) 

I think that's a negative sir, you'll barely make any profits. It's as if you're renting for free and paying all the bills. I would increase the rental rate.. 

Anther option:

I would use airbnb on an overly expensive place, you'll double your profits. Might want to check with city's guidlines.

Most of you are bold when it comes in term of discrimination. When some people say "gut feeling" it's often a guise. Let's face it, people get overly sensitive about the subject. The real nature is finding a quality tenant who pays on time, and doesn't damage property. If people have to use discrimination as a reason to find potential tenants, than yes go with your gut feeling. ;\

 Yes, I agree with Joel. A property without parking can be a headache for tenants involve. Not a good investment. 

Also, I use to live on South Beach. They have similar signs for street parking restricting  11 PM to 6 AM. Afraid, of getting my car towed at night, i went straight to the city parking department and bought a residential decal. It saved me the headache of renting a parking spot in the garage daily. 

  You can find more advice from nextdoor landlords, how they deal with the parking situation. Many cities will often work with you, if you're a resident in that neighborhood. 

goodluck 

I'm not answering most of your questions due to fair housing. However, i will say all of my tenants (professional) pay on time, and if they don't pay they leave right away. It saves me a lot of money and hassle not to go through  eviction process. No i don't do credit check, back ground check, or go through their rental history. Also don't have to make them sign any lease, it's mostly month to month.

I once had to jump through a lot of HOOPS to rent in a different city. So, i know the feeling of not being able to get a place, because a lot of property managers have high expectation. They want the  perfect credit score, pay stubs, rental history, background check, terrorism alert, etc.... 

Also, if you're wondering how do i manage my rentals without the hoops.... I go with my gut feeling.

 It was a nice gesture, but a costly one. Seems like you let business get in between personal problems. I would never rent to family, colleagues, or friends. After a while, they'll think you'll soften up, and let them get away with non payments because you're affiliated with them. 

Ok thanks everyone, while doing my own research I found out that GSM alarm system uses a regular sim card and can be easily transmitted to my phone when there's a burglary. Thus, i dont have to use wifi, or pay monthly bills. 

@FrankSanchez 

They don't have that promotion in my area. Every internet deal is expensive. I live in Savannah, GA