All Forum Posts by: Jason Taken

It's been on a town on the come up for a while. The power plant near there helps quite a bit. You won't likely see an influx of renters though unless you did a short term rental during the winter season when the outage happens down there.

 Big red flag is one that doesn't let you do your own diligence. Just walk away if you sense they won't let you investigate any aspect of the property you wish to.

Hi there,

Welcome to the BiggerPockets community It's great to see you're eager to get started with wholesaling.

You're looking for a way to get started with wholesaling and are having trouble finding serious partners to work with. Here are some practical steps you can take:

First, make sure you have a clear and comprehensive written agreement. This will protect both you and your potential partner. You can find templates for joint venture agreements on BiggerPockets or other real estate investment websites.

Next, consider joining local real estate meetups or online groups where you can network with other investors. These events are great places to meet people who are serious about real estate investing and might be interested in partnering up.

When you do find someone you think you can work with, start with small, low-risk deals to build trust and see how the partnership works out.

Also, take some time to educate yourself more on wholesaling through the resources available on BiggerPockets, such as articles, podcasts, and forums. This will help you become more confident and attractive as a potential partner.

Remember, building relationships and trust takes time, so be patient and persistent.

If you have any more specific questions or need further guidance, feel free to ask. Good luck with your wholesaling journey

What loan size?

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 No.

They will be on title.

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did you actually have a secured lien? you should be calling an attorney if what you've said above is true.

Hi there,

Congratulations on your decision to purchase your first small multifamily property Here are some answers to your practical questions:

### Cleaning Common Areas

You should clean the common areas regularly to keep the property tidy and safe. A good rule of thumb is to clean high-traffic areas like hallways, staircases, and laundry rooms at least once a week. This can include sweeping, mopping, and dusting.

### Pest Control Treatments

Pest control treatments should be done on a schedule to prevent infestations. Typically, you would have a pest control service visit every 2-3 months, but this can vary depending on the region and the specific issues you're dealing with. Make sure to keep records of these treatments.

### Snow Removal

Since you're in Florida, you don't have to worry about snow removal. However, if you ever manage properties in colder climates, it's crucial to have a snow removal plan in place. This usually involves hiring a snow removal service or having a clear policy for who is responsible for clearing snow.

### Heating and Air Conditioning Common Areas

For a property like yours with a hallway, staircase, and basement laundry area, it's not always necessary to heat or air condition these common areas. However, if you decide to install HVAC, it should be based on the comfort and safety of your tenants. If the areas are not climate-controlled, make sure they are well-ventilated.

### Leasing Fees Discounts

Sometimes, property management companies or real estate agents may offer discounts for leasing multiple units. It's worth negotiating, especially if you're working with the same agent for all the units. The traditional one month's rent for the leasing fee is common, but you can try to get a better deal.

### Trash Management

For trash, it's common to have a shared dumpster for the property. To prevent neighborhood use, you can:

- Secure the dumpster with a lock.

- Clearly label the dumpster with the property's address.

- Inform your tenants about the proper use of the dumpster.

Each tenant should be responsible for taking out their own trash on the designated collection days, but having a common dumpster is usually more convenient and cost-effective.

Remember, clear communication with your tenants is key. Make sure to include all these details in your lease agreements and tenant handbooks.

Good luck with your new property!