All Forum Posts by: Ben Scott

Hey @Chris Lin, yes we work with agents, including representing investor buyers. And we have a full property management operation as well. Here to help!

Hey Lee, are you looking to get licensed as well?

Hey Chris, you might look at south Oklahoma City, further south and closer to I-240. There are also homes in Del City and Midwest City (suburbs to the east) with good rental opportunities in that price. Let me know if I can help.

Hey @azizul alvee, Which PM company do you work for? Does Doorloop accept rent payments?

What part of town?

My two cents but the ship has sailed for short term rentals in this market. The city of Oklahoma City has issued a moratorium on home share licenses and many landlords are converting STRs into MTR or regular rentals. 

Is this in northeast OKC? As a first timer, I'd avoid anything built before the 1960s that could have cement sewer lines, knob and tube wiring, etc. Depending on the area, it might not be worth adding the rehab.

I'm biased but I think OKC has more long term upside. Major league franchise and we're building a new arena. Larger population and the state capitol is in OKC.

Tornadoes haven't really been a thing the last 10 years. But insurance continues to be high due to frequent hail storms. And the insurance industry is largely unregulated relative to other states. 

Foundation issues can be present, especially in OKC, because much of the city is built on red clay. Those issues can usually come up during an inspection.

You won't need floor insurance unless you're in a FEMA flood plain. Earthquakes stopped occuring after the state regulated fracking. And if you have your home checked for termites annually, any treatment treatment woud be covered by the vendor.

Oklahoma is a very landlord friendly state and has stable job opportunities. We're also a linear market and not subject to the wild swings in value. The city is also breaking ground on a new arena for the NBA leading OKC Thunder basketball team

There are many new build Rausch Coleman homes in the OKC metro that are under $250k. But no bells and whistles. No garage door opener, no window treatments, no ceiling fans. But RC builds in areas with good schools and those homes rent well.