All Forum Posts by: John Kunick

Hi Eric, not sure how they are not related. Financing will drive PITI and therefore cash flow. True, the ideal 1% is if you buy a $100,000 property you need to approximate $1,000 per month rent (just to use round #'s) in order to make the 15-20% ROI. But, if the financing is too high, then your cash flow goes down and the 1% rule may not work. Hope that helps explain it better.

Lloyd, have you been investing in Real Estate?

Tulsa is a great market if you know what you are looking for and the school districts are very important.  The 1% rule is easily obtainable if the financing is right.  With rates going up, you got to be able to buy right

Hi Chris, I have only SFH with one duplex (which has separate meters for both sides). Tenants pay all utilities directly. I have looked at MFH. To me, it would all depend on how the metering is done. If every unit had independent meters, then I would have tenant pay all utilities directly.

 @ihe o, thanks for what you think is a lesson.  But, bet I've been an investor a lot longer than you have and been in business far longer.  I understand indirect and indirect discrimination.  I also understand stupid liberalism and not afraid to call it out.

In this case, the question was quite specific and said it was known that the tenants were illegal.

But, as to the landlord not knowing or making their business to know or not know, I make it my business to know who I'm renting to.  I follow strict guidelines and make sure to apply them equally.  I also document everything and make sure to communicate to any prospect that I don't end up renting to the exact reason that I decided to not rent to them.

BTW, kuddos to @Chinmay J and @Jim Cummings for giving sound and complete advice based on law instead of politics.

"Protected Class"????  What???  Is that some liberal catch-phrase?  How does that even apply here?  From what has been provided, there is an inability to complete an application.  Enough said!

Hi Sarah, I own a lot of properties in the Bixby and Broken Arrow area and am helping others get quality rentals in those markets.  A lot of your success will depend on knowing what your goals are and then sticking to a strategy to meet those goals.  Feel free to reach out to me as I will be happy to help.

@Nick Stageberg, agree about education.  That is why I choose to stay out of certain school districts and prefer to focus on others.  There is definitely an exodus from more urban districts into more suburban ones.

Mark, as others have stated, you own the property and can hire whomever you want to fulfill your obligations as outlined in the agreement.  The agreement is the key.  You can't change the terms of the agreement, but you can change how you fulfill them