All Forum Posts by: J Salter

Welcome Francisco , I'm new to the board too. Good luck on here, NV is a tough market I hear but I imagine great opportunities too!

I'm dealing with this problem now and it is heart wrenching! But i only have a few small properties and a good manager. As mentioned, the difficult thing is refreshing the living units in time to show them and seeing the revenue take a nose dive.

Let alone if you have to do evict paperwork... :( this is why I'm creating a super clear but fair lease to prevent and mitigate volatility/turnovers....

Nice stuff guys

When things get that fishy, its probably best to stay away. Especially since Chase hasn't had the best business practices lately.

Better things will come

Nice post, some times it feels like there's not enough hours in a day!

Thanks, Ned. I need 10 posts to really get my chatter box a going!

Hey guys, I'm Jay, this is my second post and I plan on being a little more active on the site as I discover new features. Wish me luck and can't wait to interact and listen, and learn

My first post! Let me take a swing.

Although I'm new to real estate I am quickly learning as a out of state/country owner.

To get to the point,

1) You need a good Manager - no way around it, other wise you will go crazy. Pay what you must (though over 10% is high) but a good manager is better than a good tenant!

2) Have a maintenance budget

3) for your case, allocate a standard % of the maintenance budget for the handyman but through the manager on a monthly basis (like a retainer).

In this way, both parties can be flexible and disputes over repair costs are minimized by an stable monthly expenditure (on your part) and stable income (for the repairman's part)

His particular skills naturally must be taken into account considering your needs,

Hope this helped, I'm going through the same thing more or less - prob less :)