All Forum Posts by: Drew Heiss
Drew Heiss has started 0 posts and replied 11 times.
Post: Best way to hire contractors?
- Beloit, WI
- Posts 11
- Votes 6
Menards and Home Depot will have bulletin boards for contractors to hang their business card.
Post: Home Inspector in Beloit
- Beloit, WI
- Posts 11
- Votes 6
https://zuehlkeinspections.com/ Aaron Zuehlke was very good.
Drew
Post: Janesville and Beloit Area
- Beloit, WI
- Posts 11
- Votes 6
electrical:
https://mainstreamelectricllc.com/
Plumbing:
https://adams-plumbing-plumber.business.site/
Post: New Member from New Jersey
- Beloit, WI
- Posts 11
- Votes 6
Welcome @Leche Hopkins. I'm also a newbie and I love these forums. You can search the forums for various topics and get a ton of advice from the experts. Great stuff.
Yep. I'm in the same boat as you. Still hoping to buy our first single family rental. I've been watching the local market closely. I have a realtor and I know the neighborhoods pretty well. I'm learning rent prices and home prices, and ready to jump in. Made 2 offers but was too low. I'm considering a couple nearby cities, but noticing prices are quite different. It will take more research to learn those markets. Best of luck to you.
Drew Heiss
Post: How to figure out how much rent to charge?
- Beloit, WI
- Posts 11
- Votes 6
you can check this resource:
https://www.biggerpockets.com/rei/fair-market-rent/
and also go the the forum page and type "how much rent to charge" to see many posts.
Post: How to find tenants when most people want to own a home?
- Beloit, WI
- Posts 11
- Votes 6
The same sites you use to find a house for sale is also used to find a house or apartment for rent.
Post: Converting Smoking Unit to Non-Smoking Unit
- Beloit, WI
- Posts 11
- Votes 6
Hey @Blake Johnston, great question. I was wondering myself.
I also wanted to ask a related question... do the vapors from the vape products cause any odors, discoloration, issues, to a home?
And do landlords include "no vaping" policies in the lease as well as no smoking policies?
Have any of you guys (@Tristan Hickman, @Joe Abughazaleh, @Rachael Agruso, @Brian Van Pelt) dealt with the new vape craze?
Post: Using 50% Rule with an FHA Loan Question
- Beloit, WI
- Posts 11
- Votes 6
Hey @Anthony Rodriguez,
What if I use a HELOC as my down payment? Do I subtract that loan amount from the rent also. And what about other larger down payment options: how do I calculate trying to recover that money?
Post: 1 year lease + month-to-month vs. 6-month lease? Plus and Cons?
- Beloit, WI
- Posts 11
- Votes 6
I'm surprised nobody has replied. I've been wondering about this same thing. I plan to buy my first rental soon, and I thought a 6 month lease might help ease the pain of having an undesirable tenant. But maybe you need to bite the bullet and have a 1 year lease.
Anyone?
Drew