All Forum Posts by: Brian Karlow

Ryan

Great question.... Home Depot offers a really good quality carpet/option for approx. $1.85/sq ft which I go with for my properties containing a second level....however: A first floor/main floor application I always try and install an in stock laminate...lately I have been having my contractor install the 12mil Colfax Hickory floor....feed back is off the charts!

Hope this helps!

Consider tenant quality and market time...will you be more desirable and therefore have a more selective approach to tenant determination??? Just my 2c.

BK

Depending on your market on the appreciation level and future rent level.....I would suggest you review the total financial picture which should include: 1) principal pay down annualized 2) depreciation 3) overall tax position with regards to W2 ( if applicable)

Hope this helps!

BK

Devin

Below are few further details that would help us have a better understanding about the deal:

Age of the property?

Current condition - any required repairs?

Are these rents at current market rate?

What asset class is this area - A/B/C

Current job market trend- stable/growing/shrinking?

Population trend?

Desirability - school quality/proximity to expressways or commuter train

And finally....what has your market supported in recent comparable sale prices within the past 6 months.  Is there high or low inventory available for sale in this asset class in your area?

Brian

Welcome Nicholas!  Be sure to check out all of the resources available within the site...this place has everything you need and MORE!! Good luck and let know if you need any help.

Brian

Hey Shelley

Check out Cozy.com  Free to Landlords and offers quite a few very nice features!

Best of luck!

Craig 

That's for extending the invitation my way but unfortunately I will not be able to make it this time. Keep me posted on future upcoming events. 

Happy new year! 

Welcome! You've found you're way to an incredible community....be sure to check out the all the tools available and best of luck !

Patrick 

Great question! I believe this is a personal comfort level.  For me, it was looking at each property as a stand alone business and funding it with 6 month's reserves. Of course this can be reduced as your portfolio grows..... just my two cents 

Brian 

Sarnen

Would you mind sharing with me as well, as I am currently not utilizing PM software but would like to transfer my 10 properties into a system in 2016.

Thanks!