All Forum Posts by: Brian Grainger

@Bjorn Ahlblad that was one of my secondary concerns. How did you resolve the tenants leaving trash outside?

I have had a dumpster for two years now and haven't had much of an issue with it. The dumpster is located right next to the road and I do not have a better place to put it. Now some bums are diving it and leaving it open. Racoons and other critters are pulling trash out.

I've thought about building an enclosure for it but not sure how access to the dumpster would work for tenants. Thoughts?

Landlords of mobile homes and insurance professionals,

I assumed PPI was PPI and coverage didn't matter where you lived. My Florida tenants are having trouble securing personal property insurance because the rental is a mobile home. 

Should I:

Not require personal property insurance? - possibly exposing my own insurance and business to risk 

Try to find a company that will write PPI on those within mobile homes?

Work with an insurance agent to purchase a blanket policy to cover my tenants' belongings and possibly upcharge for the convenience? - possible legal issues with reselling insurance - the upcharge idea can be dropped

Or another option I haven't considered...

Have you come across this issue before? How did you solve this?

 Hi Travis, I have some friends who do well in STRs on the beach here. I would be interested in hearing more about your system.

 Hi Cain, we may have a mutual friend if you know the owner of the mobile home park on Bertha. I'm looking at a multifamily at the moment. I would love to discuss mobile homes.

 Hi David, I have friends who own condos and/or duplexes on the beach and do quite well with air bnb. Condos scare me a little with the unexpected special assessments. I work full time, so managing air bnb guests would be a challenge for me.

 Thanks Orlando. I hope your rental is doing great!

Hello BP,

Long time lurker, first-time poster. I'm Brian Grainger from Panama City, Florida. My experience started when I was a child, my father would take me to the 38 units he owned to work on maintenance problems. I have fixed everything from clogged toilets to grease splattered all over the wall to a motorcycle being dismantled in the living room and the tenants below complaining of black oil dripping from the ceiling. 

I have owned four primary residence houses and have had mostly good experiences with making money when selling. I owned a house in Biloxi which I netted $10k in 16 months, a house in New Mexico which I ended up defaulting on, and most recently was able to do a long-rehab-flip on my primary residence netting $73k. 

Within the past month, I have been able to get my wife on board with investing in real estate after frequenting these forums and talking about the various concepts with her. 

My plan is to buy and hold long-term rentals within the Panama City area. I may look at short-term vacation rentals when I retire from the Air Force and have more time to devote to that business model. 

I'm excited to get started in this business and have read a couple of Brandon Turner's books - though I'm now eager to act.

What questions do you have for me?