All Forum Posts by: Ian I Leinwand

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I'm a local investor in Fort Collins.  I'm also a property manager and investor friendly agent with Youle Realty. 

I'm a experience property manager that is taking on a client with 10 medium term furnished properties for management. We currently manage 4 medium term rental and have some systems in place. 

My question is what type of lease terms work best to minimize vacancy and minimize the need to continually ask current tenants if they are planning on extending / renewing a lease. 

Currently we do 3 month minimum with an an option to renew for a set lease term - IE another 3 months or go to month to month. For month to month we require a 45 days notice to vacate

We are often contact by perspective tenants looking for specific time frame several months in advance but we typically do not know if the current occupant will be vacating or renewing. 

Would love to hear some feedback from BP community managing medium term rentals and or get pointed to some medium term strategy resources. We advertise on Furnished finder, zillow and our own website. 

Mathew - what are you goals with a house hack and specifically with Multi-family. IE do you want to buy a duplex, tri or four plex and live in one unit and rent the others? 

How much rental income do you want to offset your living expenses/ mortgage? 

Are you willing to live with roommates? or do you want your own living space. 

You need to define your parameters and identify the types of properties that meet your needs both for living and for an investment.  
 

@Nate Shields

What time? If anyone can meet a bit earlier around 6 I will be there grading some food.

Looking forward to it. Thanks 

Where in Fort Collins is the property. Maybe better off just selling and re-investing in a different property. City of Fort Collins is a pain to deal with for building permits. I do know permit costs on new construction is more expensive vs remodel.  

Depends on the property and level of damage? Is insurance involved? 

Currently for sale off market are six new construction townhomes built in Greely, Colorado. Perfect for 1031 buyer looking to exit older rental properties and get into a turn key low maintenance investment.

Each townhome is roughly 1,700 sq ft, with 3 bedrooms, 2.5 bathrooms, and 2 car garage. All units are currently leased and professionally managed by Youle Realty. At this time the seller is looking to work with one buyer for all six units.

Property and Sale details are below

LIST PRICE $2,333,510

PRICE PER SF $226

AVE. PRICE PER UNIT $388,918

PROJECTED ANNUAL INCOME $164,400

HOA FEES $16,632

PROJECTED CAP RATE 5%

EARNEST MONEY 3%

TOTAL FINISHED SF 10,310

UNITS 6 total - 2 End, 4 Interior

Please contact Ian Leinwand at Youle Realty for more information

Links below to video and virtual tours of property

Virtual tour - unit

Video - Unit 1

Virtual Tour - Unit 2 - Interior Unit

Video - Unit 2

Active rental listing for unit 4 w/ pictures and video

@Robert Ellis

Ask your property manager to get feed back following showings.

Do you have any restrictions for tenants like pets?

If the property shows well it is usually price and timing.

The Fort Collins CO market where I manage properties and investment is very seasonal for rental demand. Peak rental timing is May to August.

Youle Realty Property Management is a growing property management company located in Fort Collins, CO. We are hiring a leasing/ showing assistant for the upcoming leasing season. 

Duties Include but not limited to:

- Conduct property showings

- Perform property inspection

- Tenant and property owner communications

- Marketing properties for rent

Seeking highly motivated, people person, with an attention to detail. 

This position would require a minimum of 25 to 30 hrs a week commitment and has the potential to grow into full-time if desired. Great opportunity to learn about rental property investing and management. 

Hourly wage $18 to $25 depending on experience and real estate license status.  

PM me for details.