All Forum Posts by: Axel Ragnarsson

@Jim Froehlich Jim, thank you for the shoutout! I look forward to further building our relationship!

Keith, welcome to BP. The best towns are the ones you listed, Manchester and Nashua. The rental demand is extremely high in both markets with vacancy rates as low as they have ever been (2-3% in each city, depending on where you get your data). Generally speaking, Nashua is slightly more expensive than Manchester, although not significantly. I would get in touch with an agent as soon as you can to walk you through the intricacies of each city as there are good neighborhoods and bad (as there is anywhere). Feel free to reach out if you would like any referrals! 

@Timothy Hennighausen check out the folks at Tax Services of Londonderry, NH

@John Underwood Hey John, I was wondering if you’d share where you buy WiFi thermostats/what brand they are? Those seem like they’d be very helpful for some building I own.

Buying a house is undeniably better if you plan on living where you are for more than 3 years. If you plan on moving in that time, or think you might want to, it probably doesn’t make sense to buy (the hassle and transactional costs make it pointless). Only exception would be if you’re in one of the 10 largest markets and would experience appreciation along the way.

I’m 25, understand the value in home ownership, own 40 rental units, and still rent where I live. Why? I hate the locational commitment that buying a home requires.

@Matthew Anderson One of the easiest ways to show inherited tenants that you are going to be a better/more hands-on landlord is to walk in and make a quick and easy improvement (exterior landscaping cleanup, paint the common areas, fix obviously broken items such as mailboxes, windows, doors, etc.). Do one of these items and make it abundantly clear with the tenant that he is NOT allowed to make any changes to the building or the property. Blame the lease (if he has one and you can), if not, blame the town, the insurance company, whoever - but be extremely firm and stay on him.

@Russell Brazil @Steve K.

Looks like these two beat me to the punch, LOL

If the P&S wasn't signed by the seller, no offer was accepted. Oftentimes in a situation like this, the listing agent will:

- Get a low offer on a property.

- Run it by the seller, who verbally says they will accept (or make a counter much lower than the list price)

- Then reach out to all of the other potentially interested parties on the property and let them know they have a lower offer on the table and if their buyers can exceed “X”, they can have the deal.

It’s not uncommon for buyers to be interested in a property but not want to submit a lowball offer. The listing agents job is to get the most for the seller, of course. Not saying that is what’s happening here, but it does happen

@Troy Zsofka That is very helpful - thank you!

@Greg Powers @Account Closed Thank you for all of your replies. They certainly help!