All Forum Posts by: Johnnie Schneider

My partner and I are looking to start out with a SFH or duplex under the 150k price point as a long term rental. Would love and appreciate anyones best advice or things to make sure to look for when buying our first deal. We haven't completely narrowed down what market we want to buy in yet so any advice or insight for your best option as a new long term rental investor is also greatly appreciated.

So I recently spoke with a realtor in Alabama and she mentioned that its customary for the landlord to pay utilities in most markets in Alabama. Was wondering if thats true because that obviously changes the numbers when analyzing deals. For those of you who own long term rentals in markets like Birmingham for example, are you making the tenant pay utilities or have you found that common to pay utilities yourself as the landlord. Any knowledge, input, or tips are greatly appreciated. 

Looking to hear from some experienced long term rental property owners. Those of you who own long term rentals in Georgia or Alabama what markets/towns are you in and why. My partner and I are looking to narrow down what market we will be choosing to buy our first long term rental. Thanks in advance!

Hey there, was wondering if anyone has any experience or input on purchasing a property out of state, and then getting a contractor to do minor renovations (5-10k) to the property before renting it out. From your experience how hard is that to manage from out of state? What suggestions do you guys have on going about this type of situation? The deal makes sense numbers wise but my partner and I are skeptical about attempting to run a minor renovation through a contractor while out of state. Thanks in advance!

Hey there, my partner and I are looking to get our first rental property together in 2023. Just wanted to come on here and see what everyones favorite or best cash flow market is currently or moving into this new year. Our budget were looking to stay under is about 120k. Thanks !

Awesome feedback, thank you guys. Thats very helpful.

Hey everyone, my partner and I are just getting started in looking to buy some rental properties. We're doing a lot of research and learning right now but we weren't quite sure how some of the things on the business side would work. We were wanting to form a LLC together, buy the house in both of our names and split everything 50/50 through the business account. If anyone has any knowledge, experience, or tips on the best way to go about this when investing 50/50 with a partner when it comes to the LLC, getting things setup the right way, or what it will look like it would be greatly appreciated.