All Forum Posts by: Francisca Mac

Thanks!! Will definitely be firm but fair.

Thank you so much for all the advice!  I had actually already done that but now that we have decided to actually run it ourselves I’ll read over it again. Any other suggestions or advice is very appreciated and feel free to message me directly. Thank you again for helping me to make the decision. 

@Randall Alan We have decided to manage with Rentec. 

Thanks so much. 

Fran...

Every book I have read and listened to on say to NEVER allow your tenants to pay cash. Could cause you issues with taxes etc later. I am new too and plan to use an app. Was going to use RentRedi. Glad I saw your post here. Now I know to look for something that does not charge the tenants. 

Thanks. I think we have decided to self manage as @Randall Alan suggested. After looking into the software it looks like it will be ok especially since we only have 4 doors right now and are local. 

I did consider it but wasn’t sure if I wanted to deal with it. I will totally look into that website you suggested. Thanks. 

Looking for recommendations on great property managers for small multi unit 1-2 in the Charleston,SC. 

Thanks. 

Thanks. Definitely would like yo do that. 

It will be a cash purchase so no mortgage. The renters have long term leases and yes I have done the math but still new so I’m double guessing myself. lol. 

Looking for advice on my first deal. He purchased it a year ago for $325k
Duplex listed for $396k Offered $350. He countered $373. Both units are rented with long term renters and they bring in $2450 a month. One is section 8. Wanting to counter $360. Will be a cash purchase. He is selling wanting to do a 1031 exchange. Our goal is to build a long term rental portfolio.
Any advice appreciated.

Fran…