All Forum Posts by: Isaac Isaia

@Drew Sygit That’s a great way to look at it. I haven’t broken it down like that before, that’s very helpful. Thanks for that!

Tracy, thanks for that. I think I would start to resent rentals because of how much time I would have to put into managing the properties outside of my full time job. We are going to stay with our PM and focus on growing our business rather than managing it. I appreciate the advice!

Bjorn, that's what I'm thinking and the way I'm leaning. Thanks for the advice!

Stephen, we are looking at eventually looking at moving in to multi-family, but I really like providing nice SFH's for our renters and the liquidity of being able to sell to retail buyers and not worrying about selling multi family to other investors, like myself, who are looking for deals. We will probably move to multifamily eventually.

Joe, we are just looking a the benefits of saving that 9%. I work full time and our properties are our passive investments but I'm just looking to see what other landlords are doing with their properties. For example, our thought process is once we get to $10K in monthly rental income that would be an additional $900 we would save if we self-manage. I really don't want the headache of self-managing but I see if their is point where it makes more sense to self-manage and save that 9%. 

We are looking at possibly moving from a property management company who has been great for us and charges us a 9% management fee. They always fill our properties and their maintenance costs are very inexpensive. We are looking at possibly transitioning to self-managing our properties. We have seven SFH's now and plan to add at least two more rentals per year. What are some of your criteria that you use where it makes sense to self-manage over property management? Thanks!

@Mike McCarthy I am looking to build long term. I am looking at a 20 year timeline for our investments. My plan is to continue to build assets and focus more on growth rather than cash flow, but this economic environment along with very high prices for single family homes, has me thinking that it may be time to sell a couple properties. I don't want to but I want to be ready if the market dips so we can jump in and buy a large package of properties. I am all over the place and I'm driving myself crazy going over the numbers and different scenarios. 

I am in Springfield, Missouri and have six investment properties.  I’m torn on which direction to go. I’m concerned how the economy looks moving forward and want to consolidate, but I also want to continue growing our portfolio and  I am weighing a few options and can use some guidance:

1. Should we sell a few properties and pay off the remaining properties?

2. Should we cash out refi on a couple properties which will allow me to keep the properties but still have some cash to prepare for our next move?

3. Should we pay off a couple properties, and work to pay down our remaining properties without adding debt to the properties and focusing on cash flow?

Any insight and advice will be greatly appreciated. Thanks!