All Forum Posts by: John Siver

Tyler Texas just doesn't have a ton of affordable multi family properties on the market right now, and there really haven't been for the past several years. Of course you can always start marketing to off market owners. But my suggestion would be the same as Alex said. Rent for 6 months to a year and figure out what niche you want to focus on. 

My wife and I couldn't find an affordable duplex or triplex to house hack so we bought a much larger home than we needed near UT Tyler and TJC and we rent out our extra bedrooms to college students. It pays for our mortgage and utilities each month so thats one place you could start. 

@Boe Bishop gotcha, well when you are ready to move down here or invest in the Tyler area I could give you some good contacts, I know a few other people in different investing niches down here, and my biggest tip would be to stay at the "Rosevine Inn Bed & Breakfast" for at least 1 day and meet the owners Burt and Rebecca. Burt has been a licensed broker for a long time and he has a property management company, and lots of rentals in the upscale azalea district here. He knows the market better than anyone else in the area. Usually Burt will hangout with guests over breakfast and I always get great realestate tips from him every time my wife and I go there. Plus its the best B&B in town.

I live in Tyler and I have a property there, do you want SF units, MF, or what kind of properties are you looking for?

Oh and in regards to the transaction fee, I agree that with erentpayment.com the $3 fee per transaction is acceptable, however, if you don't want to pay that $3, then there is an option where you can make the tenant pay that. 

I think either way works well, and the erentpayment system will send out emails to both you and the tenant if they are late on rent, and you can have it send out a reminder message before hand if the tenant has been late before. The auto-reminder message is nice because that is less work you have to do as the Landlord. I also think you can argue that if the tenant refuses to do an auto draft then they may be less financially stable, and may not expect to have enough money for it to go through each month, idk Jeff makes a good point though so I think its up to you, but I would lean slightly towards wanting an auto pay account. Because then I dont have to go collect checks each month. But some people prefer to pay via checks and if they are good renters then why not let them pay that way. Basically I also prefer autodrafting but I dont think it makes a big difference either way.

Thanks for the information guys! After shopping around a little, I do like erentpayment.com and it seems to be one of the best priced platforms too. Thanks!

Also is there a best platform for collecting tenant rent online? And would the same platform potentially do both?

I am a new landlord, I have one investment property and I'm already getting sick of making a bunch of different payments on different days each month for the mortgage, utilities, and all the other monthly expenses for my home and my investment property. Most expenses are on autopay, but I would rather just have them all paid at the same time each month. Is there a platform that will let me consolidate my expenses and pay them once a month?

it looks like there is a ton of educational information on here and Ive been listening to the podcast for a while so I'm pretty excited!

Thanks guys, thats exactly what I plan on doing :O