All Forum Posts by: Drew LaVallee

Awesome guys! thank you for all of the help I will check into the Permit thing as well @Colleen F. , as im in westerly im sure they have a bunch of silly laws and requirements .

Good morning guys, I recently purchased my first multifamily here in RI and am living in the bottom floor and renting the top floor. I have been very picky in the choice of my tenants but I believe I have found a well suited family. Prior to writing up the lease I had met with them and they had some very random questions. Me being a rookie and eager to seal my first deal, I am now worried they may have read me too well and used that to my advantage. First, the father wants to move a small 8x6 shed that is in the "middle" of a rebuild onto the property. though my lot is only .31acres, i do have enough room for it next to my current shed, or even in their separate driveway, does this sound like the beginning of a horror story ? The major concern of mine is that though I originally specified that rent was due the 1st of every month, they asked if they could make it the first Friday of every month, and of course I caved. Did I just set myself up for future issues? Though we spoke of this in person, should I still keep it in the lease agreement as the 1st of every month... is that even legal? 

Thank you guys! I actually plan on saving up a bit more cash here for another 6 months and hopefully stumble upon a house i may be able to pick up cheap and buy out right. I wont have to live in it as ill have the luxury of the girlfriends house. When the time comes id love to connect with you guys on your PM references! 

erica, as far as the foreclosures go, how would you recommend checking them out and seeing what was out there. up here in ri, foreclosures are few and far between and all realestate agents shy from them.

Thank you guys! much more encouraging words than i was expecting honestly! Matt, i would love to keep in touch and learn more about how you came to getting into the Pensacola market. Ill keep you posted on the next time im down there and maybe we can grab some food.

Good afternoon all, my name is drew and i am very green to the world of rentals and real estate. I currently just purchased my first multifamily here in rhode island and am in the process of moving in my first tenants ( i live in the bottom apartment). My next move may be bold, and many may say farfetched... but my girlfriend currently lives in pensacola fl. and i would like to make my way down there sooner than later. how would you guys suggest getting geared up and ready to do so? the market down there is nothing like i am use to seeing up here in the northeast, but from what i have seen in town, a lot of new business is coming in and i would love to get my hands on a cheap house to use as an SFR down there. is being a property owner from a long distance only for the experienced? am i just reaching for the stars here?