All Forum Posts by: Arsen Atanasovski

Rishi this is a good place to find a PM you can also look at the Detroit area in Zillow see what properties are for rent and see which PM companies are listing them call them up as well. Overall you need to gather up all your findings and what they say start “interviewing” these companies take notes and see which one fits your expectations, the PM doesn’t manage you they manage your asset you are the owner and per say the boss paying the PM for services. It’s similar to an employee because you will be working with them and requesting updates, tasks, etc…. Overall the main goal is for the PM to generate a profit for you. PM makes their income regardless the good companies know how to make good returns for you but it’s up to you to go out there and vet them.

I have a lender that would do the entire package for you or minimum 2 properties in 1 loan. DM me and I’ll send you the information 

Hello Darrell, I have a great law firm that only does that and do a great job, I had debts from $2500 all the way up to $11,000. They work on a percentage of the debt and not on hourly basis like regular attorneys. DM me and I’ll send you the contact that I work with personally. Also you need to have a very clear lease agreement that makes it bulletproof in court. My contracts are similar to a car lease because basically it’s the same but a house. I have the full amount of rent for the term of the contract and that’s what they owe. Basically $1000 a month 12 month term the contract is a $12,000 contract. You may cancel at anytime with a 30 day notice but if you do not follow the contract then the full amount will be eligible for collections minus all other payments that have made thus far. 

Love it! Unlike the podcasts they are telling people to buy million dollar properties and try to cash flow lol! You cash flow with $50k homes with strong management with strong planning and you will make a lot more money then waiting for a guest to give you a ****** rating on STR sites. Real estate investing is what your all about in this post, the podcasters have moved on to more of a hotel type business, involves real estate but more importantly it's a hands on business not a real estate investment. On top of that I love how they say keep your job and do real estate well in my eyes the best way to juggle that is with LTRs if I were to get in to the STRs I'll just buy a Hilton and quit my job…… easier said then done. Love to hear your doing good in the D, so am I, keep it up! There is a ton of section 8 tenants that need housing.

I would look for another lender that is not normal underwriting, other things can change but not rates

Well he’s not from Detroit he just went back home :)

Well folks your going to be hearing a lot of these stories, thanks to Pace while he is making money on membership fees and selling his book, it’s funny to me how people take this to face value. There should be warning labels on these books lol! Pace never mentions that he has an army of Attonerys, has his own title company and had a person that was a title company owner that mentored him all these years most likely for free lol. Anyways short story you can explain to any seller what you like todo, but life is life and it can change and when it does the seller will find ways to secure their interest. It’s funny how now the seller has an issue with this……..tax season???? Just refi and move on. 

Just refinance it and call it a day, give her what she wants you lock yourself in a 30 year mortgage and go on the next deal. 

One more thing I forgot if you have a 12 month lease like I do I state in the lease that if the bill is exceeded $200 at any given time we will shut off the water. I also have them initial that section I read it to them and all in agreement. I believe the city has a $15 on/off fee. I recently imposed this after COVID and I only shut one property down. During COVID of course the city wouldn’t allow me to shut off the water so I did have one low life rack up $600 and then left the property.