All Forum Posts by: Jim O.
Jim O. has started 2 posts and replied 36 times.
Post: Are turnkey investors losing their minds?

- Rental Property Investor
- Seattle, WA
- Posts 39
- Votes 12
@Alyssa Dyer, I really like your approach to making the contract clear and will be using it in the future. Thank you very much for sharing.
Post: Property Manager in Kirkland, WA?

- Rental Property Investor
- Seattle, WA
- Posts 39
- Votes 12
Thank you for this list! I looked at narpm and there are 85 choices within a 20 mile radius. I will start the down-selection process, but it would be great if some local owners also chime in with some recommendations.
Post: Property Manager in Kirkland, WA?

- Rental Property Investor
- Seattle, WA
- Posts 39
- Votes 12
Greetings BP Members!
I am looking for a property manager for my three properties in Kirkland and Renton. They are currently with a PM, but I am investigating alternatives. Any referrals would be greatly appreciated.
Thank you,
Jim
Post: listing a house for rent above market estimates

- Rental Property Investor
- Seattle, WA
- Posts 39
- Votes 12
My most recent rental was listed $100 above zillow and had a lot of applicants. It was leased very quickly. Oddly enough, after the house was rented, the zillow estimate matched what it was listed at. I did not look at redfin. New floors, removed popcorn ceiling, new paint inside/out, new tile/carpet, new light fixtures, landscaping front/back, granite slab in kitchen, new appliances.
This was a 2bd/2ba that rented for what many 3/2s go for in the market.
I read somewhere on BP that a quality rehab draws better tenants, as I am only two months into the lease, I cannot say for sure, but I am hopeful.
Post: Difficulty selling rental properties at loan amount

- Rental Property Investor
- Seattle, WA
- Posts 39
- Votes 12
Post: SFR Property Manager in Ontario, CA Area

- Rental Property Investor
- Seattle, WA
- Posts 39
- Votes 12
Hi Rob,
I have been working with a PM based in Moreno Valley. He allowed me to use all his contractors to get my property in shape and also got top-of-the-market rent once it was ready. I'm not sure if he covers Ontario, but he would be worth reaching out to. Send me a message and I can provide his details.
Post: Any experience with Jordan David Financial Services?

- Rental Property Investor
- Seattle, WA
- Posts 39
- Votes 12
@Tracey Kanowsky is right, the address is currently listed on the California State Board of Equalization.
https://www.boe.ca.gov/info/phone.htm
I am no expert, but my guess is that it is probably a scam. Especially since the "supporter's" only post is in favor.
Post: Durham needs landlords who will accept Section 8

- Rental Property Investor
- Seattle, WA
- Posts 39
- Votes 12
@Jonathan Taylor Smith, I very much appreciate the level of due diligence you perform and if you owned the property next to me I probably would have never known it was a section 8!
Post: Durham needs landlords who will accept Section 8

- Rental Property Investor
- Seattle, WA
- Posts 39
- Votes 12
As a homeowner that lived next to a Section 8 rental, it was nonstop grief for me. The tenants would throw trash in my yard, party all night, even on weeknights, and were thought to be responsible for a neighborhood break-in. They had so many cars they used all available street parking on the cul-de-sac. I was thrilled when that house sold to an owner that occupied the property.
While I recognize that my experience with Section 8 neighbors might be uncommon, it is the reason I will never allow Section 8 in my rental properties.
Post: The "Professional Tenant" from Hell: BEWARE ALL LANDLORDS!

- Rental Property Investor
- Seattle, WA
- Posts 39
- Votes 12
@Joshua Dorkin, thank you for sharing this story. I have had PMs from the beginning and perhaps this saved me from a horrible tenant like this. The first PM that I eventually ended up firing had a new tenant in my house each year. I definitely learned some important lessons regarding PMs from the first mistake.