All Forum Posts by: Doug Todd

I'm invested and manage in Omaha, NE.  I would say we're landlord friendly now.  You should join MOPOA (which you can find online) to keep up on current topics if you're considering investing here.  Topics of rent control, making housing more available to low income families, rules regarding tenant screening and restrictions on short term rentals will be more popular all over the country in the coming years.

Not a requirement for your own property.  You'd need a license to manage someone else's property however.

 What kind of budget are you working with?

In response to #2) I don't think an equity scenario would benefit the investor/owner in a LTR situation.  The investor/owner would be better off paying a property manager 8% in rents/month.  

I may have something for you in Omaha, but it will be a week or two before I know for sure.  I'll be back if there's an opportunity.  

My wife and I are in a similar situation.  I'm considering selling (or 1031) 1-2 of my properties this year and buying a business or a share of 1-2 businesses.

Rising rates are making it difficult to cash flow on real estate even when you get a good price.  I'd like to take some profits and re-enter the market when prices and/or rates have normalized a bit.

I may be looking to put together a smaller group meeting in West Omaha for investors.  Just a casual coffee shop type get together every 1-2 months.  If you're interested let me know I'd be curious to hear more about topics people would like to discuss.  

I also use Frankel Zacharia, and they've expressed interest in having a tax professional come to meetings.  I also have lender partners that would be happy to do the same.

Hi Anthony,

The rental market overall in Omaha is excellent but I specialize in single family, long term rentals.  Short term rentals and the downtown condo market are a slightly different animal.

I just ran a report that showed the average time on market for condos and apartments in 68131 last year was 33 days.  That seems really high considering the fact that I was getting 30-40 applications on my single family homes in west Omaha last year.  I don't remember the last time I had a vacancy on my single family properties.

If you want me to put you in touch with someone that knows the downtown/condo market better let me know.

Doug

I only check this account once a month or so, but feel free to touch base anytime!  Doug

It depends.  As a Realtor and property manager, I tend to do these things often at no charge as I'm making a commission on the sale of a property and management fees/commissions once the property is rented.  

That being said, I do have a clause in my property management agreements that states I'll do extraordinary hourly work at a pre-specified price ($45/hour for example).

Since you're out of town, I'd ask the contractor to text photos as work is completed.