All Forum Posts by: Nadir M.

@Nathan G. From your experience and I can ask my PM as well but do you have a check list to make sure that I don’t go through this on my next property? I did have maintenance check before putting a tenant in there. I actually had the seller fix and repair them. I did not have an inspection done so that prob hurt me.

Hello everyone,

Currently I have a PM managing a property that I own out of state. It’s been two months and I’ve yet to cash flow. With management fees, fee for finding a tenant, and the miscellaneous tenant calls, I’ve found that I’ve yet to see any money coming in.

Now some of the fixes are as follow:

Before property was rented out, there was snow removal that ran $140. After property rented out, Installation of a mailbox for $41. Service the garage door, program keyless entry and install 1 remote control, $141.80 (before buying the property I had someone service the garage door but not program keyless entry). Removing a fitting from the washer drain so the tenant could hook up their washer drain hose, $60. Fixing a gas leak on water heater $110. That’s not including management fees and the cost for finding me a tenant. I do like my PM company as they are professional and efficient and all these fixes sound necessary to me. When should I start expecting to cash flow? From everyone’s experience, when did you start to cash flow? I want to hold off managing my own as I told myself the first couple of months will end up costing me then I would eventually start to CF. Advice??

Thanks

@Dhruv Anand

You’re welcome.

@Dhruv Anand

https://www.rentcafe.com/blog/renting/states-best-worst-laws-renters/

This will help. I invest in Nebraska (tenant friendly) and live in Colorado (landlord friendly)

Hope this helps. GL

Nadir

@Lamonte Mallett not aggressively...but wanted to know if there was a correlation btw stock market and real estate market

@Mike M. The way you invest?

@Timothy M. Honestly it’s something I need to look into. I don’t know anything about broad band index. If I would to pull my money out I wouldn’t even know how to start. I will be doing research on this topic

@Brent Crosby def going to listen to the mentioned podcast. I do need to def further my knowledge with stock market etc

@Randy Bloch thank you Randy. I think you state it perfectly, depends on what kind of investor you are.

@Thomas S. Yes the points you make are valid. Unfortunately it’s hard to do anything about the way that part of the system operates.