All Forum Posts by: Jordan Myer

Hi everyone,

I am new to this forum. I have listened to Bigger Pockets for quite some time now and finally decided to get on here because I current own a home in California, but I want to buy a 2nd house out of state. I was thinking Arkansas, Ohio, Indiana, or Michigan. If anyone else has suggestions on states they have rental properties and is working well, please let me know. I would like to start buying a rental property in early 2024. I just wanted to get started to choose a state, starting looking at it more and hopefully start to talk to get approved for a loan and start to talk to a real estate agent. 

Thanks,
Miguel Suarez

We recently bought a SFH to live in and decided to rent our townhome instead of selling it. I hired my realtor we used to buy the house to rent the place, his fee is first months rent plus $300.

Fast forward 3 months and he has only brought me 2 applications, both of which were tenants without a stable job and horrible credit.  I think he priced the place too high.

Originally he was asking $2250/mo, the price has now gone down to $2100 and still not getting alot of bites.  There are not a ton of rental properties in the area but the price seems decently competitive based on the few other townhomes I see on realtor.com 

The photos in his listing are not great.  I am considering just trying to rent the place myself- take better photos, post some "FOR RENT" signs around the neighborhood.   I might drop the price significantly- my main priority is to find a good tenant who pays on time and does not trash the place.

Does anybody have an opinion on how I should proceed to get this place rented to a good tenant?  Should I stick with the realtor or try to do it myself?

Hello Alexandra, 

I am with a property management company and we currently use Appfolio for our property management software. Appfolio is a great software that provides streamlined services for Rent Collection, tenant communications, maintenance coordination, accounting etc. 

We also use Rentcheck for our property inspections. This saves my property manager so much time and drastically reduces the amount of security deposit disputes. 

Hi all,

First time buyer RE investor here. I've just got an offer accepted on a duplex in Fort Wayne, IN; and trying to find recommendations for Property Management companies and the fees they normally charge. Any input would be much appreciated!

Thanks,

Luis

Hey there, I was looking to get opinions on installing gutters on my rental properties. Do they add value to the house at all or have any other benefits than just rerouting water? 

I saw a social media post about some kind of business that has people that are willing to stay in vacant houses that are up for sale and they make sure it’s show ready every morning. I can’t find anything like it on google. 

we have an tenant who is 36 she works two jobs and had medical expenses for an emergency room visit. She had always paid on time no issues but after the event she has fallen behind. She reached out last month to say she would pay 1000.00 towards back rent but only ever send 550.00. She is now three months behind and Just heard a podcast where Brandon Turner said you could get in trouble legally for not treating tenants the same for late rent payments. Our policy is that after 30 days late rent we move for eviction. There is always a chance she will make up the back payments over time but so far she hasn't been honest with her ability to pay which has strung it along this far. Should we do cash for keys for get everything straightened out? She says she loves the place and wants to stay but from right now she is 3 months behind @650.00 a month. Her lease is up in February. Thoughts?  

Hello BP community. I bought a new duplex (3b/2b, 872 sqft each side) in 76708 and hired a PM. It's been 4 months and no tenants! We've got well staged photos, lowered the rents to match market comps, and applied for section 8. The PM listed the property on Zillow, Realtor, Rents.com, Apartments.com, and Facebook. PM keep saying it's just been slow, we've had a few showings but no luck. PM says the tenants say the property is too small.

What else could we be doing? Switch PMs? Keep lowering rents? Other options to consider?

Much appreciated, thanks! 

Gentle man works two jobs with income $6000 credit score 520;

lady income $4000 credit 620

No Evicrion history for both

not married, don't know if they are in relationship or father and daughter.

my management turn down their screening because the man's score didn't the minimum 620.

My realtor said it's my call now.

just wondering what you guys think? Much appreciated for any advices.

David