All Forum Posts by: Pete Krentz

Welcome to the site. Feel free to reach out to me for any questions. I'm a local realtor, property manager/owner, and real estate investor. We have an awesome investments club you're more than welcome to attend as well! We meet this Saturday morning. Feel free to pm me for details!

Yep same one!

Hi Cody, and welcome to BP. The other commenters are right you're most definitely in the right place for information containing anything real estate. If your looking for face to face local advice feel free to reach out to any of us. I'm a licensed realtor and a licensed property manager and have a few personal rentals of my own as well. Also feel free to like my page on FB the Sioux Falls real estate investment club. I post the meeting times for a good sized investment club that meets monthly on Saturday mornings. Hope to see you at our next meeting!

Hi Kyle, not only welcome to BP but welcome to Sioux Falls.

I'm a local investor as well and have started the local REIC (you can find us on Facebook). I'd love for you to be able to come and join us at our next meeting. If you'd like to me personally I'm also cool with that. I love to talk real estate! Please feel free to reach out to me if you have any questions!

I manage mine myself as I am a licensed property manager. I have heard mixed reviews for basically every company in town really best option is to interview them and see who fits best.

As a local investor and realtor. It's partly because of a great housing market and it getting very easy to get a loan again as well as those new units. The units are so new they haven't all been rented but are still counted towards that vacancy rate.

Add me to your list as well

If it's west central around 10th st. your friend is probably right. If you go way north near N60th that neighborhood has doubled in value in the last few years. South near 57th st is middle class people with poor money habits. I.E. Have money but spend it on things nobody needs, sports, boats, cars, etc. perfect rental population. The east side had a bad reputation for being "ethnic" but again that's near 10th st area again. As you go south from there the neighborhoods go up in value dramatically. Once you hit 41st st and down you're in $400,000 territory. All along the south side of town is the rich neighborhoods anywhere from Louise ave. east south of 57th st is upper class. As far as rental neighborhoods it depends on what kind of buy and holds you want. If you want lower income tenants and higher cash flow properties hit those places if you want stable high income tenants and higher appreciation with lower cash flow hit the wealthy neighborhoods.

I know some of the Sioux Falls inspectors have taken on others to help them out as they have come to inspections of mine. My best advices would be to contact them directly. Best of luck!

Welcome to the group! Feel free to reach out to me with any questions! I'm a local realtor, licensed property manager, buy and hold investor, and run the local REIC. I'm happy to help any way I can!