All Forum Posts by: Nathan Williams

Im tired of letting tenants bail out with unpaid rent and damages that exceed well past the deposit.  But I rather not have to deal with small claims directly.  Is there some sort of collection service where I give them all the information, they go after the tenants and just give me a cut of whatever they collect?

Im looking for a new carrier for a condo in California and so far have zero luck finding one that still will do a landlord policy.  The insurer of my current homes, Liberty says they no longer do landlord policies.  Anyone else having this issue?  Anyone knows any companies that are still writing landlord policies in California?  thanks 

I was curious are there collection agencies who would take on the debt collection/wage garnishment for landlords?  

in the middle of an eviction... basically it looks like the tenant is going to "move out" but letting a relative who is not on the lease or authorized to stay there continue living there.  What is the best way to proceed with this?

Hello looking for lenders who may have a loan product for this situation. I have strong w2 income and credit scores so doesn't have to be a DSCR loan.

thanks

Not a fan of home warranty. I tried to use it 3 times over the years and each time they found one reason or another to deny it but of course only after I paid the initial visit fee. 

Definitely not too far.  I have a few properties that are over a hour away where I not only manage but also handle all the basic repairs/maintenance.  It was only a bit of a pain when one had a lengthy rehab and I was driving back and forth daily after work to chip away.  But I definitely dont regret it.

With some more legwork you can easily out earn a turnkey provider.  They charge a hefty premium on the convenience they offer.  Buy your own property on the open market, the sweet spot here for a beginner who doesnt want to rehab but also save money would be move in ready owner occupied homes and not turnkey flips.  If you are investing in an area you are not familiar with a good real estate agent should be able to assist with neighborhood assessments and rent estimates.  Also find a reputable property manager.  

My biggest concern is eviction moratoriums coming back if/when we go in a real deal recession.  I think the pandemic moratoriums has set a very dangerous precedent that is too tempting for Governments to not again at any opportunity.  They get to offload the burden of keeping renters in their homes completely on to the landlords.  

Other concern is not seeing low interest rates return anytime soon. Im not too concerned about this yet as my wife and I cash flow enough money to buy a ~200K SFH a year with 100% cash if need be.

Not concerned with home prices at all really.  I dont see prices plummeting but would love seeing buying opportunities if that happening.

one thing to keep in mind is that refi appraisals tend to be noticeably more conservative than home purchase appraisals... atleast in my experience