All Forum Posts by: JonPaul Kessinger

Hey man, I just sent you a message. I am an investor and property manager in the Bridgeport/Clarksburg area. I would love to connect with you even if you do not still need one! My work number is (304) 931-2632 

At what price point does a Cost segregation study become worth it? I have a property I am almost done with the remodel on and it will most likely appraise for 160k and have another that did for 140k. Would it be worth it for me to do one on both? Those properties are on the higher end of the scale for my area. Thanks!

Is anyone interested in a meet-up in the Clarksburg Bridgeport WV area? I am new to the area and would like to get plugged into the network of investors here. 

 I have heard that and have run some numbers in my area and think it would be worth it. I want to build several revues of income from real estate and want to do property management as a way to form relationships and trust with other investors in my area and of course make a little bit of money along the way. I am hoping to use PM along side being a realtor and investor. 

I'm excited to join this forum and learn from the experienced real estate professionals here. I have some questions about starting a property management company in the state of West Virginia, and I'd greatly appreciate your insights and advice on this matter.

Here's my situation: I'm currently in the process of obtaining my real estate license, and I plan to operate a property management company. I understand that in WV, I need to work under a broker for my real estate license. I have two options:

Option 1: Wait for two years and become my own broker.

Option 2: Start the property management company now and operate under the supervision of one of the brokers I know, who are willing to let me do so.

I'm hoping you can provide me with your valuable opinions and experiences to help me make an informed decision. Here are my concerns and questions:

1. Advantages and Disadvantages of Each Option: I would like to hear about the pros and cons of both options. What are the benefits of waiting for two years and becoming my own broker? Conversely, what challenges might I face if I choose to start now under a broker's supervision?
2. Potential Ownership Stake and Independence: I'm worried that if I start under a broker, they might demand a substantial share of my company, or it might be challenging to separate from the broker once the two years have passed if I was to become my own broker then. Has anyone been in a similar situation? How did you handle the ownership structure and ensure future independence?
3. Contracts and Client Relations: As I understand it, the broker would hold the contracts in option 2. How much control do you think I would have over my clients and business operations in such a setup? Is this a common arrangement in the property management industry, or are there alternatives that would allow me to retain more control?
4. Best Practices and Legal Considerations: I want to ensure I'm following the best practices and adhering to all legal requirements for starting a property management company in WV. Are there any specific regulations or licensing nuances in the state that I should be aware of?
5. General Tips for Starting a Property Management Company: Lastly, I'd love to hear any general tips or advice you have for someone embarking on this journey. Whether it's related to marketing, attracting clients, handling property inspections, or any other aspect, your wisdom would be highly valued.

I genuinely appreciate any feedback, advice, or personal experiences you can share. 

Thank you! 

Also being in a very mountainous terrain there are not as many houses in a 5-mile radius vs somewhere in the midwest.

 Thanks for replying. I have tried that but no properties have sold in the last three months within an almost 6-mile radius of this house. Is it ok to get comps 6-15 miles away? The house is in a small town in southern WV where people aren't selling homes very often. Thankfully I am located between a larger town and the newest national park so it's a decent location for my area. 

As a new investor undertaking my first BRRRR project, I'm seeking advice on raising the appraisal value of a property without overspending on improvements that only enhance perceived value. I've encountered conflicting advice regarding strategies like painting, landscaping, and kitchen upgrades. I would greatly appreciate your insights on where to allocate my capital wisely. If sharing pictures of the property aids in your evaluation, please let me know.

Question: How can I strategically increase the appraisal value of my property while avoiding unnecessary expenses that solely impact perceived value? I want to make smart, cost-effective investments that yield the highest return on my capital. What recommendations do you have? I have to gut the kitchen and one bathroom so should I go higher end or just average? Should I spend a lot on Landscaping and painting the inside and outside of the house to increase the appraisal? The house is in a B neighborhood and there are not many comps close by (within 10 miles).

Thank you for your support and insights. I look forward to the responses and engaging discussions to come.

Best regards, 

JonPaul Kessinger 

I live near Beckley WV and I really like BesTitle they have offices in Charleston and Beckley. Great people and easy to work with