All Forum Posts by: Mose Gebremeskel

I would look into local and state apartment associations. They have resources and networking opportunities with many in your situation. 

There's a couple that I am familiar with:

- GetResponse

- Sendy

- Hubspot

- Mailchimp

In terms of pricing, I prefer Sendy since it's around $.10 per 1,000 emails. However I'd do a deeper dive into these since some of them hold more functionalities than others. Hope this helps! 

Never too late to start! I like your ambition of having 5 properties. I know for myself I've set a smaller goal of 1 every year just so I manage each one well and take my time with it. However, it's different for everyone. I would get involved with state or local apartment associations. There are meetups, meetings, and extra resources that might be helpful. There are also tons of resources on Bigger Pockets to go through! Best of luck on this journey. 

I agree with most everyone above. I would add that you want to get contact info of there previous landlords or property managers if they have any. I would contact them to see how they were as tenants. 

Congratulations on your first property! There are some property management software out there that will list your property and even have options to perform background checks. I also would add that even with all of that you can have issues with a tenant. I would also get references from their previous landlords/companies and just see how they were as tenants/employees. That gives me a better context. Lastly, when creating a lease make sure it's all of what you want in there and look up examples of local leases. My mentor showed me the leases they used and we were able to take some good notes on what we wanted in our leases. Hope this helps!

Yes, you can do that as long as it doesn't go into personal accounts. I wouldn't recommend it though as I use a property management software that does it automatically. 

I think the interest rates and prices are too high. Millennials are trying to be better with money and don't see the value in being house-poor. 

 Yup agreed!

Welcome to BP! It's all situational. I have heard some benefits to the 203k loan which I would look into more.

I have used these all! Online rent payments is a MUST.