All Forum Posts by: Johnoson Crutchfield

@Kyle Hassig I would spend more time create a vision and designing a business that supports the lifestyle I want. I have a ton of rentals and I am just now developing a vision

@Jeff 

@Jeff Bridges some awesome thoughts you’ve provided here.  Not a lot in the way of appreciation and because I’m just getting started I don’t have a lot of room yet in terms of equity to sale.  I definitely need to get into some of th property analysis you mention.  I like the idea of hiring a property manager to help manage th portfolio as it builds equity... but I also like your idea of buying higher quality assets that require less cash flow.  

@Dennis M. there's alot that goes into that number.  90% of my portfolio is on 15 year commercial bank notes.  I know the 30 year note is how alot of folks on here here go about establishing their financing.  I've thought about refinancing to increase the cash, but haven't found the right lender for that yet, and with the cash flow I have I'm not necessarily rushing to change it either.  What are your thoughts?

@Simon W. right now it is none existent.  Not really spending anything on it.  This year was a bit topsy turvy but I guess I'm like most folks saying ok at the first of the year I will.... 

Someone else mentioned a VA to me. I wonder what kinds of things they can do, because most of what I need help with is there in person. Maybe a VA can help with bookkeeping?

Aaron, not as many people moving during this time of year.  School is in session and families transition less around this time.

Hi everyone,

Things still building strong here.  Thought I'd reach out to get some feedback on where I am at this point..... Any comments/suggestions would be appreciated.  

This month we will hit 30 units, following most of the advice from the post cast.  Our goal for 2019 is to continue the same growth from this year, and create some relationships with private money partners.  I also think it may be time to hire a full-time property manager.  How did those of you who did this decide when its time.  We eventually want to get to 80-100 units so we can serve many families and build a fully self managing business.  Our gross income right now is around 30k/month and our net cash flow right now is around 5k.  Of course our goal is to increase our operating income and net cash flow, thereby taking advantage of a growing market and benefiting the community.  

2 questions...

1) When do you know it's time to hire an employee?

2) Would anyone be interested in some private chats to provide advise around how I should expand?

I wonder if I posted this to the right forum as I thought I'd get alot more responses.

I pay about 2k a month in insurance for 22 properties right now.  I never ever think of self-insuring as I am heavily leveraged.  My worse fear in this was that the insurance wouldn't pay and I'd have to pay a loan back that wasn't even bringing in income anymore.  Like I said, this ended up being a +15k event for me and even more valuable because of the knowledge I now have.

That’s exactly what happened. didn’t feel good in the moment but feels a lot better now.