All Forum Posts by: Michael Shadow

Hello Tmayn, Welcome to BiggerPockets. Do you have a real name we can call you buy? Please take the time to fill out your profile.

Would love to hear your answer to Ted's question. Enjoy your time here.

-Michael

Almost forgot, this forum should get you started in the right direction.

http://www.biggerpockets.com/forums/52-rental-property-questions-landlording-issues

-Michael

Great to see you here Jim, Welcome to BiggerPockets. If you have any questions just let me know.

-Michael

We send them all a card and ones that have reached reward status (all rent checks received on time and no issues) get a gift.

-Michael

I live in a college town and it's booming, however undergrad students are brutal on apartments. You can pretty much plan on doing repairs after every turnover. You can usually get a bit more for your apartment though because they are usually rented by the bedroom per semester. So you rent one bedroom to a student for the entire semester, IE one check at move-in along with sec deposit.

I'm getting more concerned about these markets though because I have heard from multiple sources that the next bubble to break is the higher education bubble. I don't own properties in the college town but the next closest town and 70% of my tenants are grad students. I like grad students because they are usually more clean and mature, and if you get them the semester they start you can usually keep them for 3 years or so.

-Michael

Hello Robert, welcome to BiggerPockets. What's your background in REI? I'm a buy and hold investor and I currently manage my own properties.

-Michael

I don't wholesale properties but from what I have read here I don't think you can do it that way. From what I understand of it, you would have to put an offer in on the property and make it assignable but banks don't allow you to do that on REO's.

Others here may have a different angle you can approach it from to get the deal closed though, I just don't know of one.

-Michael

Greetings Michael, welcome to BiggerPockets. Glad to have you here. What all areas of REI are you involved in?

-Michael

Hello Donna, welcome to BiggerPockets.

-Michael

-Michael