All Forum Posts by: Praveen Kumar

There are only two kinds of reviews on this thread for rentredi. They are awesome or they are the worst. I'm looking to switch from cozy mostly to combine tenant screening, marketing and rent payments. Cozy is notorious in holding your rent for over a week with the free plan. Is it worth switching? Or are there other alternatives for tenant screening and marketing while I continue using cozy?

Bastrop has seen some rapid growth in the last 6 months. It's hard to find even new builds without getting into a bidding war and most builders are limiting investor purchases. This area is poised to explode in the next 2-3 years given its close proximity to the airport and GigaTexas. As newer transplants try to find affordable housing, Bastrop will be a top choice with some A+ lifestyle options (chic downtown, bastrop state park, colorado river, pine forests). Think of it as Leander, Cedar Park, Pflugerville 5 years ago.

Both have pros and cons. Also, it depends on the deal. 

Multi, you will have income coming even if one of the tenants leaves. SF, there is less turnover since these are the type of tenants that have more pride and sense of home ownership. Multi definitely is more operationally efficient - you don't have to send a plumber to 4 different locations. Cost-wise, multis run cheaper on a $/sft basis.

What does it mean when you say that you have found your rental property? Have you run numbers with hard money vs conventional loan? If you are not going to be employed until 2021, do you have cash reserves in case you have longer than usual vacancy or potential repairs?

I use www.dealcheck.io. Worth every penny.

These are your returns (upon exit including sales expense) for years 1, 2, 3, 5, 10, 20 and 30. If these work for you, pull the trigger. If not, keep looking.

I do not offer to provide lawn care as part of my agreements. Tenant is responsible for yard maintenance per the lease and any HOA violations are passed on to the tenant. For SFRs, tenants are usually willing to take care of lawn maintenance and pest control.

Suggest looking at Multifamily in the areas I mentioned in my earlier post - Jarrell, Taylor, Elgin, Manor, Hutto, Burnet. San Antonio does a lot better if you can get decent property management in place.

Ah. We need another category on this forum to network with people with wealthy mothers in law :)

Also, while it is still your primary and you have about 50k equity, I would also look into getting a HELOC. The line wouldn't be substantial but would be a good way to pay down your CC debt.

What is this house that you are moving into that you don't have to pay for? That seems like a no-brainer.