All Forum Posts by: Jason Schimer

John Anderson I tried to call the tenant today and it seems that her phone is disconnected. I called her husband and left a message. To you question of me taking care of the property I am doing everything I can to treat them right. Last month they told me the air conditioner wasn't working well so that day I sent my guy over and the next day it was replaced. Massive expense on the second month and taken care of in less than 24 hours of being notified. I'm going to the apt tomorrow to take to them.

Hi, I have a situation with a difficult tenant. They haven't been up-to-date with paying rent on time. They've paid eventually but it seems to be getting worse. I don't want them to slip into me chasing them for rent. I know after five days you can send them a certified letter warning them for a short period of time that they need to pay or be evicted. I live in Florida and was wondering if anyone had advice on how to word that letter or what can be done to manage these tenants better. Any advice is much appreciated.

Hi, the situation is that I'm going to move to NC in 1 year. i have 2 single family homes that are both renting out with cash flow. the beauty is that one of them is free and clear of a mortgage. I'm looking to refi and use that money to my new area. what are your recommendations on how to Prep for my first multifamily home and with $100k+ refi money how can i use that in the best of my ability?  if you need more specific info just ask.

Hi, investing in florida is a pretty solid plan. All the baby boomers are going to retire soon and where do they go... Florida. I would stay away from Miami. I live here and everything is insanely inflated. Orlando is growing very fast but I would think about Daytona and Cape Coral. I have a GC that most of his new construction jobs are all I. Cape Coral. The area is growing faster than he can build properties. He was telling me that the hospitals in that area are hiring doctors and nurses by the thousands. Mid to high income jobs need a place to sleep. Daytona is one of the best beaches and of course hits your tourist spots during bike week and Daytona 500. Both areas still have a good growth rate and he prices are still lower than Miami. In Miami I just saw a studio that was sub 400 sf going for 189,000. Granted it was in south beach but damn. PM me with any questions you have. More than happy to divulge.

Hi, the situation is that I'm going to move to NC in 1 year. i have 2 single family homes that are both renting out with cash flow. the beauty is that one of them is free and clear of a mortgage. I'm looking to refi and use that money to my new area. what are your recommendations on how to Prep for my first multifamily home and with $100k+ refi money how can i use that in the best of my ability? 

if you need more specific info just ask.

I wanted the question to be generic so that the responses could take the discussion to where they want it to go. Sometimes thats more fun that pigeon hole the responses. the situation is that i have 2 single family homes that are being rented out and i have one of them that is free and clear of a mortgage. my plan is to refi that one and move to NC. when i get there ill house hack. the dilemma should i buy a 10+ unit property or do what you said which would be 2 quads or some other variation. I'm pretty sure I'm not going to purchase any more sfh. thank you for your response. 

ROI is assumed but whats the rational behind your choice?

Im curious, if you had 100k cash to play with in strictly real estate investing would you use in on one property with 10+ units or spread it out over multiple properties for 10+ units. 

I have 2 single family homes in Miami fl and I'm looking to broaden my horizons. I'm a full time teacher but never wanted to stay in Miami fl. Im looking to move to North Carolina and was curious how other states and cities in those states are growing. I'm not tied down to where I'm going to move so I'm very curious if there are other areas that I should be looking. Where do you recommend?

I have a contractor that is an extreme perfectionist. If you asked him to cut a corner to save money he would tell you please let me do it right and I'll charge you the same. This was an actual situation that occurred with me and him. Message me and I'll give you his personal info. He is worth the meet up.