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All Forum Posts by: Daniel T Stockman

Daniel T Stockman has started 19 posts and replied 74 times.

Post: College Station Make Ready/Turn

Daniel T StockmanPosted
  • Investor
  • Dallas, TX
  • Posts 74
  • Votes 28

Does anyone have a good company to work with to Make Ready/Turn a property in College Station, TX?

Thank you in advance for the help!

Thanks @Nathan Gesner! I agree... that's the concern.. a bluetooth or wifi one not working and then people are locked out.   I like this Schlage idea!  Having a key backup is helpful.  Do you know if the lock portion (key hole) can be swapped out?

I'm looking for advice on a Smart Lock/Digital Key for our Long Term Rental in College Station.  We are based out of town and are wanting an easier way to provide access to our property when a contractor is needed or when showing our property.

Any advice for this?

Post: College Station - Leasing Agent?

Daniel T StockmanPosted
  • Investor
  • Dallas, TX
  • Posts 74
  • Votes 28

I'm in search of a Realtor who would be able to show our property in College Station.  We can handle the application & lease but need someone to be able to help with showings.  If you are able to assist, please let me know! 

Post: Level Up or Stay Put?

Daniel T StockmanPosted
  • Investor
  • Dallas, TX
  • Posts 74
  • Votes 28
Quote from @Matthew Irish-Jones:

@Daniel T Stockman then you can definitely increase cash flow by self managing. At some point you get to enough units where you either are almost a full time manager or you have to kick them over.

When possible I think all investors should self manage their first 2-6 properties. After that it gets a little more tricky.

 Thanks, @Matthew Irish-Jones! I think the question is less about whether should we sell and manage to increase cash flow, and more about whether should we sell our property and re-invest in multiple properties. That's the coin-flip question we are stuck on.  Self-management is the right path, so we are in agreement there!

Post: Level Up or Stay Put?

Daniel T StockmanPosted
  • Investor
  • Dallas, TX
  • Posts 74
  • Votes 28

@Matthew Irish-Jones - if the question stems from self management taking more time, we do self manage another property right now.

Post: Level Up or Stay Put?

Daniel T StockmanPosted
  • Investor
  • Dallas, TX
  • Posts 74
  • Votes 28

@Rob Lee thank you. We are in the positive in numbers even with the property manager in place, but just barely.

Our goal is to grow our portfolio and increase cashflow. Removal of the PM will accomplish one goal, but selling and purchasing multiple properties might accomplish both.

That’s probably the biggest question at this point….can we accomplish both goals with this move…or is a bird in the hand better than two in the bush…

Post: Level Up or Stay Put?

Daniel T StockmanPosted
  • Investor
  • Dallas, TX
  • Posts 74
  • Votes 28
Quote from @Bruce Lynn:

If you are accredited investor, plenty of syndications for Multi to invest in around Dallas.

Cash flow on those is about $400-$500/month probably.   

Toughest thing thow is finding the right sponsors....vetting them, and then typically hold time pitch is 5 years....so every 5 years you have to find new deals to invest in..

Is your current rent increasing with renewal.

With your PM would they allow you to do the simple easy repairs or handle repair requests?

Could you self manage?

Is it townhouse or condo? If so typically HOA dues kill your returns. Might want to get out of that at some point. IF it is just house with neighborhood HOA, $200 HOA seems kind of steep for single family.

Interest rate is a consideration...as is leverage.....typically on multi syndication you'll have less leverage and today at least double the interest rate I expect....maybe less risk than 1 unit.  Maybe more chance for value add or some other kind of bonuses like Opportunity Zone, bonus depreciation, cash out refi, and perhaps less headaches once you fund the deal. 


 We've considered syndication in the past, but as of right now don't have the cash to part with (unless we were to sell this rental).  We do want to move into the Multi-Family game, and feel if we sold this property it would allow for us to do so.

The property is a Townhome and the HOA pays for amenities like a wakeboarding park, pool with lazy river, on-site restaurant/bar, etc.

We do have the option to Self Manage, and that might be the easiest path first and see if we really want to sell the property down the line. We self-manage another property in the same community.

Post: Level Up or Stay Put?

Daniel T StockmanPosted
  • Investor
  • Dallas, TX
  • Posts 74
  • Votes 28
Quote from @Jay Thomas:

If you're looking to increase your cash flow, don't be afraid to "Level Up" and sell the property with a lower rate. You can use that money to invest in other Real Estate opportunities, such as taking advantage of a 1031 Exchange if applicable. Real Estate investing is all about maximizing returns - so make sure to take full advantage of this opportunity! Reach out to me if you need any assistance finding resources for the 1031 Exchange; I have connections in the DFW area who would be more than happy to help out. Good luck on your Real Estate journey!


 Thank you, Jay! Risk vs. Reward, right?

Post: Level Up or Stay Put?

Daniel T StockmanPosted
  • Investor
  • Dallas, TX
  • Posts 74
  • Votes 28
Quote from @Clark Michael:

Definitely stay put with that interest rate. You wont be able to get that for a while. Take the cash flow and keep the equity growing, and then get a line of credit on the house to go buy another property. 


 Thanks Clark.  We keep going back and forth, but that seems to be the least risky path with solid returns.