All Forum Posts by: Mose Gebremeskel

Hey @Mubarak Basha I understand. Depending on the portfolio size there are tons of PMS out there. I currently use Innago and found it very easy and helpful. However, I would do diligent research on this before trying them out.

0 Votes

Philadelphia, Pennsylvania

We're going to start the mid-term rental route for our unit upstairs. We only have 1 washer and 1 dryer in a shared laundry room. Do you guys think it's necessary to buy another washer and dryer when the other tenant comes in or just share ours? We've already spent a bunch on other products and don't know if we can just spend like that on a washer and dryer.

1 Vote

Cincinnati, Ohio

Congratulations! I would like others to have said put fresh paint, and quality furniture (can search on Facebook marketplace, BidFTA, etc.). Always get more than 1 quote if you need help with electric work, plumbing work, and etc. Remember it's your first rental property so there will be mistakes made but you'll learn from them. Best of luck on your journey!

0 Votes

Hey Jerome that is a question I had at the start as well. I currently use Innago for my property. It's free on the landlord/property owner side and it has all the features you would need. When a tenant puts in a maintenance request I'm able to take care of it as soon as possible.

0 Votes

New York City, New York

Yes, it's worth it. I had it done on a recent house purchase and it was worth every penny.

0 Votes

Columbus, Ohio

Yup what Nathan said!

1 Vote

Newark, New Jersey

Quote from @John Guy:

The beauty of real estate is that there are so many ways you can potentially make money with a situation like this. With an inherited house, you can definitely make something.

I would start by getting a look at what you're working with - paying for an inspector to visit isn't a bad idea, but depending on how much hoarding was done, it may be wise to remove some of the junk items first so they can give you a more accurate report.

Also consider what YOU want to do with it and what works with your lifestyle and your end goal. Are you interested in a fix-n-flip? Just an "as-is" sale for quick money? Renting it out to build long-term wealth? All of these would come with a different approach. Take a look at the local market and see what some 2bd/1ba homes have sold for and what they would rent for.

Could also just reach out to a local real estate agent to assist you with all of this and get some opinions.

Good luck!!

Agree!

0 Votes

Fort Smith, Arkansas

Most property management software will have listing options for you. Depending on the software they syndicate with many other listing sites. If you don't have one I would go on apartments.com.

1 Vote

Orlando, Florida

Getting started is the hardest part forsure. I think connecting with others in this area is best and just take the next step! Just take one step at a time.

0 Votes

Long Island, New York

Quote from @River Sava:

Hey Dominic - It really depends on your goals/strategy/current position...Are you looking for something turnkey or distressed? What is your buy bucket? Are you comfortable investing out of state? It ismportant to keep in mind, especially if you are out of state and/or flipping or brrring, to have a team in place prior to help navigate as you go.

Happy to connect and discuss further if you have any questions.

Agree with this one %100!

3 Votes

All Forum Posts by: Mose Gebremeskel

Mose Gebremeskel has started 9 posts and replied 202 times.

Post: Good Rental Property Managment software

Post: Shared or Invidual Washer and Dryer

Post: Offer Accepted on First Rental Property!

Post: Software / App That Handles Maintenance Requests

Post: Is a sewer scope worth it in Columbus OH?

Post: Tenant won’t pay Security deposit

Post: Inherited Hoarder House

Post: Best place to list rentals

Post: Analysis Paralysis: Where do I start?

Post: Best Markets (City,State) for Rental Properties