All Forum Posts by: Kyle Mccaw

Look at REIGuard. The pricing and coverage is great. The claims service I have found to be lacking.

Congrats Nick. I hope this is just the first or many more great deals for you.

Kalimah, The pics look great. I know different parts of the country are different. In Dallas - Fort Worth we place everything on the MLS. I like everyone to see my properties. Some people don't use the MLS because they don't want to pay agents. Remember you decide the commission rate.

For anyone reading this in Texas. It is my understanding Texas lease options generally are illegal now. There a very few loopholes. But from everything I have learned the loopholes are too restrictive to justify. So please reach out to a Texas attorney if you are in Texas.

Be sure to confirm the tenants have been paying rent and taking care of the property.

Interview the property manager.

My advice is to see if the tenant wants to leave. Let them out of the lease then fix any problems. If they are unhappy logic tells you they would want to move.

Do you have a link to the event info?

Below is a referal from an investment group I am in:

The Cweren Law Firm

For over 15 years, The Cweren Law Firm has been dedicated to providing legal services to the multifamily industry and all other landlords. The Cweren Law Firm is a recognized leader in landlord tenant representation throughout Texas. Our clients range from individual part-time landlords, to the largest professional property management companies in the region.

Our law firm also handles the following areas:

Multifamily / Landlord
Evictions (Residential and Commercial)
Lease (Addendum) Review / Drafting
Residential Real Estate
Commercial Real Estate
Ad Valorem Taxation Litigation
Personal Injury Defense/Premises Liability Defense
Civil Litigation
Municipal/Code Enforcement Issues
The Cweren Law Firm is dedicated to providing quality value-based legal services with a goal of establishing and maintaining a long-term business relationship.

I prefer not to invest in college rental. A few reasons below:

1) college rentals turn over almost ever year - Ilike my tenants to stay forever.

2) if you miss getting a tenant during the leasing season you risk have a long vacancy

3) my experience has been college students are hard to get $ from. Make sure to get the parents on as co-signers

4) college students can be helpless. think, air filters, mowing, watering yard, roommate issues, etc.

5) some students can be kinda rough on the property.

6) many REITs have gotten into the business of renting out resort style housing in my markets. It's hard to compete with the deep pocket companies.

Few pointers:

1) Have a google number for all leads to call. This way you know when a call is a potential tentant.

2) Move fast. Answer every call. It is unrealistic but answer as much as you can.

3) Have your voicemail explain the property, price, qualifications, etc.

4) I do lots of pics and a video tour. Be ready to send them a link to the pics and video. Use Dropbox, Box, YouTube or similar.

5) Be ready to show the property ASAP at the time the tenant wants. Tenants are less likely to show up for an appointment if they have to sleep between their call and the showing.

6) Look into Rently. Once you have multiple properties, this will be a game changer and can solve SOOO many issues. http://use.rently.com/

7) Lastly you can ask a property manager if they will lease it up for you.