All Forum Posts by: Chris A.

@Albert L. kind of alarming to hear such terrible communication on Spartan's end. I would suggest calling one of the team members directly. Also @Clayton Mobley (CEO of spartan) is very active on BP so I would shoot him a DM as well. Sorry to hear you are going through some bad communication patches.

Update - September Rent Collected!

$795 Rent collected

($71.55) Management Fee (9%)

No Maintenance costs (:

Will update again next month! Cheers!

Update - August Rent Collected!

$795 Rent collected

($71.55) Management Fee (9%)

No Maintenance costs (:

Will update again next month! Cheers!

@Mirasol Aninon its actually been only a month since my last update. Will update again in a month.

Surprise Update!

Just received this in the mail from the Spartan Team. Was not expecting this at all, but this is a very nice touch and really shows me that they believe in building relationships with their clients and are not just out there to sell homes and make profits. Again my relationship with Spartan thus far has been nothing but professional and very pleasant and warming. My PM manager Stephanie Devine has been extremely kind and is a pleasure to work with. It is a very nice gesture and only confirms my belief in their company vision. Cheers!

@Clayton Mobley as always, thank you for the quick and very in-depth answer. I am actually considering another property with you guys, but would love to hear a market update on Birmingham and the surrounding areas. The last i've researched and heard were all older articles of news circa 2014-2016. Was hoping to get a market update!

@Andrew Frishman

1) Depends on the area, but the neighborhoods that cash flow I dont expect to appreciate. So no, I do not bank on appreciation - strictly cash flow

2) Again depends on many factors, I factor in 5% vacancy in my calculations I know Spartan has hard data of what their vacancy rates have been across all their properties. Maybe @Clayton Mobley can chime in here.

Update - July Rent Collected!

$795 Rent collected

($71.55) Management Fee (9%)

No Maintenance costs (:

Will update again next month! Cheers!

@James You the markets I ended up looking into were hueytown (35023), center point (35215), and Chalkville (35235). Main factors I took into consideration for neighborhoods were school district and owner occupancy %. However, more than neighborhood I believe you want to set your own individual criteria in terms of cash flow vs appreciation, COC goal, age of house, price of house, school district, crime rates, etc. and then see what neighborhood that ideal house falls into. Spartan works in great neighborhoods so I would worry more about the individual characteristics of the ideal house you are looking for rather than specific neighborhood. Once you give Spartan what you are looking for they can present you with some options. Best of luck and congrats on taking the first step!

Update - June Rent Collected!

$795 Rent collected

($71.55) Management Fee (9%)

No Maintenance costs (:

Will update again next month! Cheers! 

@Jaye Seay congrats on taking the first step! Maureen is very knowledgeable and is always straight to the point. Best of luck! If you can ask her for a Birmingham Market update and share! Any current insights would be great to hear - I know they highlight older information back from 2014-2015 but am curious on any new insights to the market