All Forum Posts by: Rachel Trimble

@Jeff Pancone I have worked with Patrick Sutton, and he has been wonderful.  Good luck!

I'm not sure which markets have Nextdoor, but the app is great for finding low-cost labor for random tasks.  Nextdoor even recently added a new feature called Nextdoor now where you can find babysitters, dog walkers, handymen, odds jobs help, tech help, etc. on demand.  My thought is- send a request for this random task and see how they handle it and what they charge.  It will probably be a younger person in your neighborhood looking for extra cash.  If they do a good job and are trustworthy, that could be the start of a relationship.  You could even have the tenants email him/her directly with their request, copy you on it, and he could reply directly to you with an estimated completion cost and expected completion time. Or, you could bypass the approval, and have him/her approved for any small tasks, paying x per task. Point is- lots of ways to handle, and if you have the Nextdoor App in your area, download it and use it!

@ Kathy Stewart 

@kathystewart why Tyler? Just curious.  I was born in Tyler, and lots of my family still lives there. Do you see Tyler as a decent market?  Is there a market to flip there? Or do you see buy and holds as better investments in that area? Do you pay any attention to the college market with the UT Tyler campus?

Thank you!

I'm currently evaluating two buy and hold properties.  Both are $150k asking.

Property A: Built in 2003. Comps rent for $1350. Near Austin airport. Cash flow $200 (no HOA and slightly higher tax rate).

Property B: Built in 1974. Comps rents for $1200. Closer to downtown Austin. Cash flow $150 (no HOA and slightly lower tax rate).

My gut reaction is Property B may end up costing me more in the long run because of CapEx/ R&M. The location of property A isn't as ideal, but the numbers keep telling me that it's the better investment of the two.

What does everyone else think? Is this enough information to analyze? Thank you so much for your responses in advance.

I would love to come to the next one as well! Please let me know the details of the event.