All Forum Posts by: Drew Sygit

@Ruchik Gandhi make sure you have a lease agreement with the on-site PM for full rental amount, then have a separate management agreement with a rent credit amount. That way if you fire him and he won't move it's easier to evict.

How many units are there as you need enough to justify the rent credit?

@Alexandra Sales we use ShowingHero. World's well

@Nathan Herline we've got contacts, tell is more

@Carlos Kishek what are you looking to invest in? Funds? What numbers are you looking for?

@Michael J. Lemus unless you're going to move to an area and be hands on, you may be better off looking for a local partner.

@Charles Carey not to rain on your parade, but how will you scale?

You need at least 100-150 doors to make a decent living. Its tough to do that many yourself, even tougher if you want a personal life.

So, what will you delegate? Start planning now or it'll be a nightmare.

@Chelsea Kline check out Buildium, which will handle what you need. Cost is pretty reasonable also.

@Michael H. Don't assume you have to upgrade to raise rents.

Contact each tenant and tell them what market rents are and ask them what they think a fair increase would be. Some will their out an acceptable number, others will say $0. Either way, push for a reasonable amount and if they don't want to pay it, they can move. Then renovate only those units and rent at market.

@Shiv A. NO DO NOT DO THAT!

Either have the mail sent to your NY address or find a local PM, attorney or other professional that will act as the agent for your LLC.

Don't forget to vote for replies you like!

@Bill C. Your welcome. Please give our reply a vote!