All Forum Posts by: Jonathan Styer

@Ishmael Johnson, Our property management team uses a system called Appfolio which is a very expansive online PMS. To answer your question, tenants have a portal that they can use to put in a WO or they have a 24-hour line that they can call if they want to speak with someone. All WO's are stored in our system, reviewed by our maintenance team, shared with the property owner and delegated by the maintenance director to the appropriate maintenance person/vendor. Once the repair is complete the vendor lets us know and we confirm with the tenant, make any necessary notes in our system and close out the WO. They are always there to be able to be referred back to when necessary. 

Hope this helps!

Hello @Ishmael Johnson, sorry I guess I am not understanding the question. 

Congrats on the new job! Not a CPA but the usual advice is take the 100% match, it's free money so what you're really asking is should I choose to take a raise? Any additional funds use for investments that are a little more "liquid".

Honestly any digital signature platform should be fine. We use Dotloop here in Columbus but that is really more geared towards agents. Some choose to use DocuSign which I think is the most common. Some PM softwares even have digital signing built in. Good luck!

Welcome @Angelyne Lisinski! It's great that you're located in Columbus already, it's a great city to invest in as I'm sure you are already aware we are seeing wonderful appreciation here while still getting great cashflow. Wish you all the best investing in Columbus. 

I guess I'm a little confused by what you mean that locals are turning down deals that OOS investors then have the scrap pile to pick from. When I represent a buyer client, I don't care where they live, I work for them just as hard if they're in state or out so my personal experience I guess does not match what you're describing. 

What rates do they offer (will be based on amount of HELOC), how much loan to value, term length (most will be 10 year interest only then go to 20 year fixed), who pays for appraisal.

I would start with these. Good luck!

Are you working with a Realtor? They should be guiding you through all these issues. Without more information it will be hard to help you unfortunately. If you're worried about funds after close, mortgage insurance is not that expensive, maybe consider putting less down. Once again though, your Realtor is who you need to turn to here. 

Get a HELOC as owner occupant. Then buy another Duplex and house hack. Use HELOC on first duplex to buy other properties in cash. Do a cash out refinance to pay back HELOC. Rinse and Repeat. You've got it going on.

Inventory here in Columbus is very low and you are correct, the proverbial "word" is out. That does not mean there are not deals here for both in and out of state investors. The most important factor still remains, having the right team in place finding and working those deals for you, and then taking care of the property once it is closed. 

If you have someone here in Columbus that you trust to help you in analysis and eyes on properties, you can do very well here. Regarding locals not snapping up deals, it's a free for all. If you have the right team it should not matter. 

You bring up interesting points and I appreciate you opening the discussion!