All Forum Posts by: Jim Rivell
Jim Rivell has started 6 posts and replied 105 times.
Post: Rehab - LVP and Paint
- Investor
- Philadelphia, PA
- Posts 106
- Votes 56
Quote from @Eliott Elias:
Whatever you buy make you buy more than you have to use to account for turnaround. Don't get the cheapest paint, also don't get the most expensive. I get valspar 1000 Ultra from Lowes in Egg shell
Agree with what Elliot said. Also heard of other investors going into college rentals and painting everything "Egg Shell" color
Post: Lender in Deleware Country, PA
- Investor
- Philadelphia, PA
- Posts 106
- Votes 56
@Andrew Garcia, @Jack Mawer, @Eric Goldman I am a business partners of Sean's from the OP and would love to get connected! Going to send connections and PM to each of you!
Post: Spreadsheet for accounting
- Investor
- Philadelphia, PA
- Posts 106
- Votes 56
Quote from @Nathan Gesner:
Quote from @Sean Beyrouthy:
Hey everyone! My first rental will be up and running soon and I wanted to scour biggerpockets to see if anybody was willing to share their excel spreadsheets they use for all their banking and account purposes to help balance books. I feel its easier to use an existing excel sheet then attempt to create my own. Thanks in advance!
Look at the bottom of any BP page and you'll see a menu of pages. Look in the left column for "FilePlace" where you can search for different files shared by users. Last time I checked, there were about 300 spreadsheets.
Great info! I wish this was a little easier to find, haha!
Post: Cold Calling/Texting - College Rentals
- Investor
- Philadelphia, PA
- Posts 106
- Votes 56
@Martin Florian Jr., thanks for the great advice. I am one of @Sean Beyrouthy's business partners and your advice was spot on. We originally underestimated the amount of investors already present in the town and due to the small purchase prices or homes, a ton were paid off and weren't interested in selling, but when we reframed our approach to making connections instead of trying to buy their property many experienced investors were receptive and wanted to connect which actually led to a few deals.
We also had success driving around and looking for overgrown yards, poor rent signage, or just lack of care etc and this also led to us finding some investors who purchased a one-off house and were looking to sell or were at least more interested then investors who owned 5+ houses in the area.
We have yet to try direct mail/letters but from your story and others we may give it a try. All the best!
Post: What do you charge for Pet Fees?
- Investor
- Philadelphia, PA
- Posts 106
- Votes 56
I'm charging $150/pet one time non-refundable fee at my properties. Tenant also needs to list type of animal/breed.