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All Forum Posts by: Chad S.

Chad S. has started 12 posts and replied 81 times.

Post: What do you supply tenants?

Chad S.Posted
  • Rochester, MI
  • Posts 83
  • Votes 48

I wouldn't leave chemicals and pesticides with my tenants that have kids.

Post: My 1st Rental Deal

Chad S.Posted
  • Rochester, MI
  • Posts 83
  • Votes 48

Congrats!

Wish I could get deals like that in Michigan. Makes me want to move to Texas.

Post: New Member from Livingston County, MI

Chad S.Posted
  • Rochester, MI
  • Posts 83
  • Votes 48

Welcome Brian,

I just joined this week also.

Post: Rental #10 was purchased

Chad S.Posted
  • Rochester, MI
  • Posts 83
  • Votes 48

Congrats! I need eight more to catch up to you.

Post: I have enough now to retire in 5 years!

Chad S.Posted
  • Rochester, MI
  • Posts 83
  • Votes 48

Ana,

I'm new to BP and own two sf rental's at this time.

Since you have 19 properties, Can you tell me what your average vacancy runs, and how long it takes you to turn over tenants. Thanks.

Chad.

Post: New member from michigan

Chad S.Posted
  • Rochester, MI
  • Posts 83
  • Votes 48

@J. Martin

Thanks for the tips and welcome J Martin, I'll be sure to check out the learn link.

Post: New member from michigan

Chad S.Posted
  • Rochester, MI
  • Posts 83
  • Votes 48

Welcome to the forums, Chad. I live in Lapeer. How long have you owned your rentals up here? Have you been happy with the returns? How are you looking to grow your real estate business? business?

Hi Scott, I've owned one for 2 years and the other used to be our former home until we moved to Rochester.

The one I bought two years ago was a foreclosure, I spent almost 4 months doing repairs and total bath remodel, flooring, painting, plumbing. I replaced the water heater, water tank, and base board heaters.

I did spend more than I planed on the remodel, but I don't have any maintenance or repair issues to deal with. Leaks would be my worst fear, and I spent a lot on plumbing to make sure I don't get that call at 2 am about a leak.

I would like to buy another, but probably not this year. In the future, I would do 1031 exchanges and have my rentals closer to Rochester.

Chad.

Post: New member from michigan

Chad S.Posted
  • Rochester, MI
  • Posts 83
  • Votes 48

Thanks Nick, Bobby, Scott, Ryan, and Jeff. Glad I found this forum.

Post: New member from michigan

Chad S.Posted
  • Rochester, MI
  • Posts 83
  • Votes 48

Thanks Brandon, I will do that.

Post: New member from michigan

Chad S.Posted
  • Rochester, MI
  • Posts 83
  • Votes 48

Thanks Mike, It's great to be a member.