All Forum Posts by: Account Closed

I'll start with my bottom line - at least you didn't pay a guru $50,000 to theoretically educate you. Instead, you just got hands on education right there. First deal and break even is not too great but your second deal will surely make money as you mentioned you already have in your book a few lessons that would have saved you about $12k (=profit).

Congrats on your wife getting her license, wishing her good luck as a realtor.

Lakeland, FL is indicated as the 10th best place to retire in the US:

https://realestate.usnews.com/places/rankings/best-places-to-retire

Is The Landlord or Tenant Responsible For This?

Who cares ? Fix it and be done with it. Make sure your handyman has it so strong the person living there CAN DO chin ups and you're golden.

I'm a mix of A and B.

Straight A's would be suckered all day long.

Straight C's won't keep up for the long run, it's just to much of a pain in the A** to be a C type landlord.

Red mulch would look great and be relatively inexpensive and would give some color to the soil in front of the house.

Honestly other than that I wouldn't bother painting anything. House looks nice. It's just the winter time that darkens it a little.

I think there are many investors sitting on the sideline waiting for the recession to drive prices down. So technically there is still a lot of demand which will keep the prices up during a crash.

Currently I am not optimistic about a massive price correction, but I'm sure that in 2008 there were a bunch of people talking the same way I'm talking and they were proven wrong, so my guess is as good as anybody's.

 Hi :)

I became one shortly after I married my wife. Before we got married I was a billionaire. 

Hey guys,

I got a few properties in the down town Ybor area in Tampa that are being managed by a big property management company. I have three properties with them and I started noticing two trends:

1. A variable amount of small repairs. Every time on a different property.

2. Leases do not renew. Which costs me the vacancy and also half of the first month's rent on a new tenant placement.

I can't complain about my management fee cost, it's 8% monthly and 58% (yep, 50% plus the 8%) on the first month which is kinda fair. Looking at the google and BBB reviews on the company I work with I can see why #2 is happening.

I got a couple of other properties in Lakeland where I have a Ma and Pa kind of property management company and I'm really happy with them, they seem like very decent people and I'd like to have a company like them manage my Tampa properties. They don't deal with Tampa so I'd like to get some of the forum recommendations for small to mid sized companies that are willing to manage properties in the Ybor area of Tampa.

I will give a call to each and every recommendation.

Thanks!

OK so I'm just gonna put this out here:
In a macro prospective, do you guys think that the more investors come into a crime area the healthier it gets ?
I feel like if you take the rough neighborhoods and start buying them and investors also start being more selective about qualifying their tenants, in the long run these neighborhoods will become nicer places. It's just a thought I have.