All Forum Posts by: Nicholas Judd

@David Faulkner lol I'm not IT or customer service. Just love getting feedback from the people who are out there investing and learning from there experiences. Appreciate the input. 

@Jimmy Murray and @Kyle McCorkel

I appreciate the responses!  Very good feedback! Kyle, you make a very good point about the focus being more on the tenants! "10% of rent on a vacant property is nothing". Great advice. 

@Steve Vaughan Can you elaborate a little more as far as spreading those fees out over the tenancy. Are you talking about placement fees, start up fees, etc. ? 

As far as repair requests, would you be willing to pay a higher monthly premium if it meant there was no repair up charge? 

When you say to triage repair requests, how might one do that? 

@Ray Harrell those are some serious issues! 

Is there anything you like about your PM company? 

Are they a large company with a huge portfolio or maybe something smaller scale? 

@Ray Harrell how would you want the communication to be better?? 

What is a typical upcharge in repairs? 

Coming into real estate investing something I learned from the start is how much people dislike property management companies. A common complaint I hear is how they feel like there property is treated as just a number or they didn't properly screen tenants and/or monitor the property and now they have to repair a trashed rental squeezing all the profits they hoped to gain.  

My question to the BP world is what is something a property management company could do to make you sleep easy with bringing your properties to them to manage. What do you dislike about your PM company? If you were in charge, what would you change? What do you wish your PM did that they just don't do? Simply, How can PM companies be better?

Also, what do you love about your PM company?

@Andrew Johnson That is great advice but my question is this. If I do have to replace a roof or HVAC, doesn't some of the expense roll into increasing the property value?

@Kristopher Hanks Thank you for the reply! Im going to try and apply what you are talking about to my first purchase. I think that generating 1% with the rental rates as they are in Las Vegas it should be attainable.

@Daniel O. Thank you for your reply. I will look into Cap Rate and try to use towards my first buy. I will also pay attention to those "Stupid" money sales. I really appreciate the advice!

@Kristopher Hanks thanks for the swift reply.  When you talk about the 1%, I want to clarify that I should be shooting for 1% per unit, not 1% per month overall? 

Iv read the 3 books that Brandon turner wrote and he does talk about this sort of thing but I wanted to get some real world advice as to what I'm going to expect when I purchase something like a 4plex. I'm currently listening to the pod cast and soon will have a pro account on here to try the calculators out freely. I really appreciate the advice.