All Forum Posts by: Brian Johnson

hello from Lexington.

I have been thinking about becoming a property manager. I figured that me being a landlord of several properties is a good start into being a property manager for other people. I hear you need a RE agent license and maybe a test to certify.  is this correct?

I have been ask by a few landlords if I would be interested in taking over managing properties.

Once again it's always good to meet a local Kentuckian on BP

I live in Kentucky and met a property manager. They told me they started out without RE license.  I am a landlord and from my experience is it takes schooling of hard knocks.  If you know of any landlords in your area. Try and get to know them and maybe try to be mentored and maybe work out a deal to help out.  Keep in close contact with the owner in any and all issues that occurred with the tenant.

lol,  that was funny!  The nerve of some people.  I know in some countries squatting is an issue but I had no clue it went on in the States.

thank you for the info. I will add it to my search

 That sounds like a harder deal to sell but if that works it's better for me.  I thought the investor would rather be the second hand lender of the property.  That way they are free of any unexpected bills. 

Joe, 

That is interesting advice.  So I assume to make a deal sweet for a invester you pay all the agreed down payment and a agreed interest rate to the investor. In tern the investor holds the deed for the agreed term.  that seems like the best and easiest offer.

Thank you for your input.

I have been focusing around the Bay Area. Mostly on the West side.  The more I think maybe Tampa might not have what I'm looking for. I still like the idea of smaller communities that are walking friendly areas with shops and restaurants.

what happens when you have the maximum mortgages allowed by a bank? (Which that is where I am at, based on a few loan officers have told me)

What is the next means of financings method that I should consider?

I feel that in the beginning a 30 year is best. As you gain more properties and lower down the equity. You will want to go down on the loan term or even focus on paying off the mortgage to clean up the books.