All Forum Posts by: Kenny Smith

@Amery Castaneda

I would first consult a local realtor for sure!  They are going to have the best knowledge of the area, and what market value is going to be.  An appraiser is only going to cost you money, and is only necessary when you go under contract to ensure it appraises so the lender can loan on it.

If you work with a realtor on it, you can pitch to the seller they won't have to pay a listing agent 2.8% or whatever your typical commissions are in that area, and they don't have to go through the hassle of getting the house in selling condition.  If the agent you work with can negotiate his commission to be paid by the seller, it is a win win for everyone around.  

@Stefan Folkert

Check out furnishedfinder.com!  This site is primarily used for travel nurses, but really anyone looking for a furnished rental.  You can also set parameters on VRBO and Airbnb to 30 days or more.

@Amy Nordeen

First off, congratulations and welcome to Denver!

Regarding permits, etc. I would call the Wheat Ridge Building Department, and they will for sure be able to walk you through the permitting process and what is needed.

I have a fantastic plumber and electrician I have used several times, and I won't go with anyone else.  DM if you need their contact information!

Good luck :)

@Matt Dunaway

I'd start with speaking with a mortgage broker.  They'll be able to shop around and find the best lender to help with your situation.

DM if you need their contact info!

@zach dasbur

Great question.  I have not experienced owning a property with an elevator, but your first call should be to your insurance agent!  See what is in your landlord policy, and ensure there are no exclusions for something like this.

They can best walk you through your options and how ensure you have ample coverage.  Good luck!

@Daniel Baran

I have a guy that myself and my real estate team of investors use.  Not sure if he's taking on more clients, but can always ask!  

DM me, and I can send off his information.  And I can't recall exact numbers of what he charges, but something to ask.

@Hoa Nguyen

I don't have much from a technical standpoint, but a couple things to consider.  One, take a look at the comps in your neighborhood to see what other properties with pools are selling for.  Depending on your area, it could help or hurt the value of the home.

Also, from an insurance perspective, it is important to understand what additional insurance would be required to have a rental with a pool.  I am not sure, but some carriers may not insure a landlord policy with a pool.  I'd recommend talking to a local insurance broker to get more information on that.

@Asare Nkansah

I am not sure he is taking on new clients, but this is the guy we use and he's great!  Steve Fradin @ Muirfield Accounting.  DM me for his information.

Feel free to drop my name at The FI Team w/ eXp Realty if you do reach out.

@Thomas o'donnell

I am from Columbus originally, what part of Columbus?

If you are struggling to rent it out as an LTR..are you close to any hospitals by chance?  You could look into possibly doing an MTR (medium term rental) and cater to travel nurses if so.  You would have to spend the extra money to furnish the property, but you can also ask more in rent.  I'd check out furnished finder.com which is the site most travel nurses use to find MTRs.  Also look on there to see other comps in the area and message them.  Ask them how their MTR is doing?  If they are a reasonable person, they will help you out.

@Jacob Reeves

Certainly not an attorney, but I would definitely call the building department of your municipality and ask about this.  If you aren't getting anywhere, I would definitely recommend at least chatting with a local real estate attorney to have them provide you more information on what can be done.