All Forum Posts by: Denise Supplee

Hello @Tom Grieshammer,

I was a real estate hands on investor for years. To be honest, a fews years ago, I got tired of the aggravation. My partner and I of Spark Rental wanted to find a solution. And we came up with our co-investing group. We invest in large commercial deals including apartment complex's, land flipping, vacation communities and so much more. Now, that is where my money is invested and I do not have that time and aggravation spent on renters, complaints, maintanence and just the every day tasks. Anyway, I wish you the best in what you choose and great success to you!

Hello @Steven Thuyen, I have been managing properties for myself and others for a long time. Noise problems can be an issue as they can cause you to lose other good tenants. I would speak to them about it before making any decision on renewing or not renewing. See how receptive they are. Do they deny it? Do they argue with you about it? The answers to these questions will provide you more clarity in how to move forward. Best of luck to you!

Hello @Javier Contreras! Being it is your first time, I would stick to areas as close to where you are located as possible. There are more challenges the further away your rentals are. Get someone in your location to mentor you. I was lucky enough to find that when I entered wayyyyy back in the 80's LOL. Consider co-investing. That is what I do now. Less tenant hassles, acutally less hassles all around. My company runs a coinvesting club. We invest at least once a month in various types of properties, large commercial multi-units, vacation spots, land, and even an industrial deal. Good luck and I wish you the best in all you do!

Renting it out short term or long term is possible and I see advantages to both. Does this unit have it's own separate entrance? I have owned rental properties where all units were on one electric meter. I took that into consideration when renting. To figure out the add-on to the rent, I took the largest bill and split it according to square footage. This became the additional paid by each tenant. I will tell you that the mindset of some renters is "I am not paying for electric, so I can overuse all I want". So, take that into consideration as well when figuring out the amount. I added a clause in my leases saying that if electric rates and/or usage goes above XXX, there will be an increase. Best of luck and I hope it all works out well for you!

 Of course Nicole! 

Hello @Nicole Rhim, Strong and sturdy is what I have learned to be the best! 

Laminate flooring is pretty popular. It is a wood alternative that clicks together, making for easier installation compared to traditional hardwood floors. And iIt’s waterproof,so it’s great for water areas like basements because if there’s a flood, you can literally pick the flooring up, clean it and put it back down.” That makes it a great choice for tenant proofing as well! Good luck and I hope you find a great solution!

Hello @Luca Papa,

I am so excited for your desire and excitement to embark in real estate investing. I have been involved in many ways in real estate and have been investing for over 30 years. I wish I would have started younger. Currently, I invest with my co-investing club. Each month we look at and vet deals as a club.  I like it because it offers me a truly passive way to invest. I had been a hands on manager for years and have some stories!! Now, I can spread my money and diversify in many different types of properties from large apartment communities to even an industrial steel business. I wish you the best of luck and much success! And when you feel discouraged, learn from it and keep moving forward!

Hello Chris, Spark Rental is an investment club that invests with Syndicators. In relationship-building, we always ask other syndicators if they know of any others? Forums such as this are also great places to build relationships! The best of luck to you and wishing you great success!

Hello Gladys, I am sorry you are dealing with this. It can be very frustrating. If you are priced correctly by location, I am wondering if you need more advertising. Where have you placed ads? Additionally, less is sometimes more... maybe less in the description and less pictures to peak more interest. I see that all the time in my markets. Do you allow pets? That is also a great way to evoke interest and even increase the rent amount. Just a thought. Best of luck to you!

Hello Ben! Welcome from a fellow Realtor in Pennsylvania (Philly suburbs). I love this community and have not only learned alot but it is nice to see everyone helping one another. Looking forward to seeing you interact :)