All Forum Posts by: Justin Lanciault

@Nathanael Rojas

1) Do you personally have a rental portfolio? How many? Where?

2) Why are you in property management?

3) What are your goals as a property manager? Short-term? Long-term?

4) What is the process for listing my property for rent?

5) Do you manage properties similar to mine? In the same neighborhood? What makes that neighborhood attractive to renters?

6) What’s the average price? Can you back that up with data?

7) How long will it take to rent? Data?

8) Where will you be posting the property? Why?

9) Do you have tenant leads that you follow up with? How many? How often?

10) Do you work with realtors and advertise the property to them? Why or why not?

Tbh this is a conversation you should of had with him before putting the house up for rent. Good PM’s (Outside of the gentrifying areas) in Baltimore are hard to come by.

Regarding pictures, they are sloppy, but I used cell phone pics for my listing - just made sure to showcase all the fine points and how big the rooms are, etc

I am on the train and bored, so here is my 2 cents:

1) House is small, therefore your tenant pool will be small.

2) I don't see this on the MLS, if I had a tenant, how would I know about it?

3) An even smaller house on the same street that is a 2/2, rented last December for 1250 (From the pics it did look nicer though). It took them 33 days but they got it rented. I listed something for rent in West Baltimore and we are in the process of finalizing payments, took 40 days but got my landlords number. Things do rent in the “off months.”

Final thoughts: I think your rent is reasonable, your PM isn’t working hard enough.

If you can get near any of the universities in the 150k-250k range depending on beds/baths, then you can rent out to college kids. I grew up in Arlington and Grand Prairie, and have a house near where 820 meets 30 in East Fort Worth. We have a SFH set up like a duplex and are about 10 minutes from Texas Wesleyan and rent out the rooms to college kids and young adults and are getting close to 1% WHILE my mom lives in one side rent free. It's doable.

@Jade Naylor Just send you a PM

Might not be a scam, but looks like a waste of money. Need to go to meeting to learn more about how to pay to be a part? Hmmmmm

They are SFH homes with rental basements (occasionally side-by-side), most are in PG though I see them in Montgomery and Howard counties as well. They are awesome from an investment standpoint! I have buyers who are under contract now on one and plan to live in the top and rent out the basement.

FHA is for personal name only.

Also, don’t be a slumlord. And if anything it’s contractors who will come for you before your tenants do.

All my investment properties are in my name. Easier (and better) in my opinion for financing. If you go LLC route, you'd need hard money or commercial financing.