All Forum Posts by: Luka Milicevic

Hot market, lots of opportunity, lots of competition. 

Estimate between 8-12% of your total rent going to property mgt. 

So if your place rents for $1000/month property mgt would be between $80-$120/month.

Welcome to BP. Check out the podcasts. They have great material.

Welcome! Check out the podcasts they are awesome!

Get an insurance agent on your team. They don't cost you anything and their commission is built into the premium. They will do all the work for you so you won't have to ask this question.

Strongly recommend J Scott's book on bigger pockets on flipping houses! Not expensive and worth every penny.

You could ask your title company to run a search for you. They may or may not charge you a fee

Can't go wrong with J Scott's book

You are cash flowing so can't complain about that. It depends what your goal ROI is on your money. Only you can answer that question. In terms of cash flow, don't forget the 50% rule! 50% of your cash flow will go to non debt related exp: repairs, vacancy, and capital expenditure, etc. It won't happen every month but over time you can expect this to be a good estimate. Also leave room for property management. Even though you're not using it now, in the future you might want to! As for books. Listen to the bigger pockets podcast. On the last part they ask everyone what their favorite book is. Good luck!

Nice. I think that is the ultimate goal of RE. To provide financial freedom and it looks like you achieved the ultimate goal. 

Keep the profits rolling.