All Forum Posts by: Marcus House

To all those that provided their input, thank you.  After reviewing everyone's input I have decided to go with the mathematical approach identified by @Rajib Garu and @CJ M.

At the end of the day, money pays the bills not people and math does not lie.

So Summer then.  I am in no rush.   The analysis that I did definitely supports a higher rent however if I get a family in there that calls for every little thing that will definitely wipe out that increase especially in light of the fact that the family that lives in the house currently the husband is a contractor.

I have a tenant that has been renting from me for 32 months (was a 2 year lease) without ever contacting me for maintenance the entire time and on time with rent every month.  After realizing their lease was expired for a while now, I recently reached out to them to have a civil discussion on the next steps.  Bottom line is they reject the idea of signing a new lease at a higher rent in any amount.  Given that it is still cold outside (don't want to take on the cost to winterize the property) and I want to take some time to think this over (while enjoying great positive cash flow), I told them we will just leave it as a month to month as is and either party will provide 30 day notice at any time to vacate the property.  I am likely going to give them 30 days notice to vacant the property in the Spring of 2020 but would like to get input from others.  How do others in the community think I should handle this.

I have worked with Theee Pillars.  Feel free.to message me.

So far so good for a few months now.

As an investor I will take the first option every time.

I don't know about that Mike.  I have started to come to the conclusion that if people in large numbers are not openly sharing positive experiences about a sponsor on these pages it's probably a good idea to stay away. The reason I say that is take Ashcroft for example. It is so easy to find tons of investors who actually have invested with him as a limited partner to speak about their experience positively and with glowing recommendations throughout numerous forums. The way I see it is if there is a sponsor that everyone is silent about when asked for feedback that is not a good sign. I'm open to dissenting opinions.

I I do not have experience investment with them however I'm currently looking very closely at  Western Wealth Capital.  Would be curious to know if anyone in this group has actually invested with this group in the past.  They appear to have a very solid track record and I'm looking for diversity.

Than you Biggerpockets.com

It was about 6 months ago.

About 6 months ago someone (I forget who now.  It is just one big blurr quite frankly), referred me to biggerpockets.com at a time in my life where being an active investor (as a buy and hold investor) has reached its peak of exhaustion and felt like there had to be a better way to scale.

After tons of reading on this site, tons of referrals on this site, underwriting a ton of deals, listening to a handful of podcast (which I never did before), and amazing support form amazing people on this site, I took the leap and went for it and invested passively in a handful of 100+ units multifamily deals.  I could not be happier with the decision.  This is in large part to biggerpockets.com.  At times I thought to myself why didn't I figure this out sooner but then I realize it does it work that way and it is best this way because I can direct cash from the buy and holds to fund the passive deals.  So you see the long years of wanting to get out of the business but never did was totally worth it.  There is no such thing as too late.  One can always learn from a bad experience and move forward.  What I think surprised me the most from the last 6 months is the bits of information that I learn from articles published by biggerpockets that are delivered to my inbox that shed a light on areas of my rental business that cause me to rethink how I have been doing what I have been doing all these many years and as a result cause me to change parts of how I do my business. 

Thank you biggerpockets.

Thanks everyone.