All Forum Posts by: Mike Marko

Mike Marko has started 0 posts and replied 34 times.

Interesting. I don't have properties in springfield, but I do have a dozen sfh's in the Dayton area (Dayton to Xenia). Why are you looking for property managers? Are you owning the rentals remotely?

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Originally posted by Angie W.:

While most of us who invest in real estate (or anything really) understand the financial risks we are taking - how many of us really stop to think about the potential risk to our personal or families safety?

What steps do you take to ensure your personal safety when:

showing a house?

serving an eviction notice, or otherwise confronting a tenant?

collecting rent?

Do allow tenants to know the address of your personal home?

Have you ever been in a situation where you felt your personal safety or that of your family was at risk?

I have to admit that I gave it some thought when I first bought my rental 3 years ago. But it wasn't until everything that we have went through over the last 6 months that I really started to take it seriously.

The best ideas can be to show the home during the day, or travel with a partner if you go at night. It depends on how safe you think the neighborhood may be, IMO.

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I have had all types of crazy tenants when I temporarily had someone managing my properties while I was away for a few months.

Application fee, a very thorough background check, and a holding deposit, usually keeps the crazies and deadbeats away.

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Originally posted by Brian Mathews:

Don't take this wrong. But I think its time to grow up. I would hazard a guess but 99.9% of legitimate lenders are not going to lend you money on a part time job because you're afraid of being unhappy at a full time job. Aside from lack of ability to re-pay due to no job. You have no experience in the real estate or construction industry as well as no cash reserves. And using a person's retirement or disability income as "collateral" for lack of a better word? I will assume you have a sick mother or uncle that you are referring too? Why do you want to potentially ruin their only source of income? I think maybe get a real job, save up some money and then try it.

I agree. It is very difficult (though not impossible) to get started in real estate without a full time job for at least 2 years, or 2 year guarenteed source of income.

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All Forum Posts by: Mike Marko

Mike Marko has started 0 posts and replied 34 times.

Post: Property Manager in Ohio - Dayton / Springfield area

Post: Personal Safety While Being a Landlord

Post: Rental Applicants: All kinds of crazy!

Post: Realistically, what kind of job/income would you need to be able to start out?