All Forum Posts by: Chris Stonestreet

I agree with your point that avoiding those things would not bode well for being a landlord, however I didn't say to avoid the hard conversations. You're still having the hard conversations and you're still being the "bad guy." Just as the property manager, which is technically your role in that moment. 

That's awesome that you will have the ability to live closer now and increase your cash flow. If I were in your shoes, I would have everything routed to a PM software like avail.co or another similar one that you're familiar with. The main piece of advice that I have is to tell the tenant that you're the "new property manager," and not the owner. If a tenant knows you're the owner, it makes the tough conversations even harder. If you're just the property manager, you're seen as the messenger to the tenant and not the bad guy. 

Good luck and hope you continue to have success!

If you have a good tenant I wouldn't mess with it! You're rolling the dice if you lose them. I would prefer a good tenant paying less than a bad tenant paying more.

I would go to facebook to find local groups and meets ups. A lot of times you will see them called REIA's.

Good luck in starting your journey, Armani. You're on the right track trying to find someone that will mentor you, I have been lucky enough to have a few people help me get started in this journey and I can honestly say I probably wouldn't have even started if I didn't have their help.

You're in a massive area with a real estate investor around every corner, I would suggest finding local real estate meetups. You can find them by searching the forums. This will allow you to personally connect with people and network.

As far as how to approach people, I would not go in asking for a mentor. That sounds like a lot of work to people when they're not sure how serious you are yet. Ask questions, build relationships and find areas that you can add value for people based on your skill set or desire to put in work. You may not find a mentor the very first time you go to a meetup, however if you continue to go consistently and build relationships, it will happen. Just know that a mentorship requires work on your end as well! 

Good luck and I hope your journey into real estate is as enjoyable as mine has been!

I second the advice to have the tenant(s) initial at the bottom of every page, it confirms that they "read" every page. Also, do agree that it is safest to have an attorney draw up the lease for you. If you don't want to go that route, I have enjoyed using avail's property management software and the state leases they provide appear to be very good. You may be able to include everything you want through their leases. At least worth looking into to save time.

Hey Jennifer, good luck with your journey into real estate investing. I am unaware of how to do this through Propstream as I am newer to it myself. However, I have generally used realtor.com's feature that shows "crime" in the areas to identify the better neighborhoods and weed out the worst ones. I am in a smaller area with less crime than a major city so we have very little D Class neighborhoods, so I know that makes it easier for me. However, I have used it when analyzing other markets like Birmingham as well. Hope this helps a little!

 That makes a lot of sense, we're certainly getting a great deal on the property. I was mainly concerned with renters being turned off from renting the place, glad to hear you have see success with it.

Congratulations on pulling the trigger on your first investment property! I am 6 months into my first one and so grateful I took the leap. I hope the same for you and good luck with your investment future!

I'm looking for general experience and advice on a potential single family home purchase in a suburb of Atlanta, GA. The numbers check out and meet our criteria, the only draw back I have found so far is it is located on a busier road that has a double yellow line. I live in a suburb that has about 60k residents so not the biggest city and it's not one of the main roads, however it's definitely busier than a neighborhood street. 

I'm comfortable with knowing that it could make it more difficult to sell in the future, however I would be purchasing it at a discount now so that part feels like a wash. The main thing I am concerned about is rentability and getting close to the rental predictions from rentometer and bigger pockets calculators. 

Does anybody have any experience or feedback that could speak into this situation?