All Forum Posts by: Rodney Sums

Quote from @Matthew Rolf:

@Viral Patel I just suggested this to someone else but I use Britton Skinner (248-891-0893) with Goosehead...I think he's great and will explain things thoroughly to help strategize.

hi Matthew, thanks for the response. I will reach out to Britton about it. I already have one house with them what I know is they charge me $199 setup fee which I think is a lot. Do you know if they can discount it. When I asked they said if you get 4-5 house then they can reduce it is $100

Hi,

I’m currently doing a flip in Hudson FL. The house is a 3/2 with a pool and a indoor garage. I plan on transforming the garage into a 4th bedroom where I’m going to install a split AC. Will I need to register the 4th bedroom with the city and get permits to get it done??

I am a small-time landlord myself, but I have a relative who is a tenant in a very large apartment complex.  The complex is relatively new, being only a few years old.  The circuit breakers throughout this very large complex have had known ongoing problems, and the management company has only been replacing individual circuit breakers when they act up.

My relative was out of town, and the circuit breaker failed relative to the electrical outlet that powers their refrigerator.  Is the property management responsible for the replacement cost of all spoiled food considering the management knew of the problems with the troublesome circuit breakers, but they were only replacing them at the time of each individual failure?  My relative's unit has had a couple of the circuit breakers replaced already.

@Rodney Sums  I think the focus on nurses is because landlords hear travel nurse all the time, not travel health professionals. There is also an assumption that a travel nurse or health professional is background checked by their facility so they automatically will be a good responsible tenant.  Health care travelers are a visible segment of mid-term travelers, they have local FB groups, most include travel nurse in the name although other professions frequent these groups.  Many don't hear of other professions who travel and I don't know of many sites that cater to other professions who travel.  There can also be a bias favoring travelers who work in health care because of personal experiences.  There are bad actors in every industry, so you have to screen people similarly but those are my thoughts.

I rent out a condo in San Francisco, California. Yesterday, someone drove into the garage door at my property common area garage, severely damaging the door. The HOA decided to permanently close the door until the repairs can be completed.
Our renter is asking for reimbursement for however much I pay for parking at public Garage until the garage door is fixed. Please let me know if this is a landlords' obligation to reimburse the full parking amount.
Thank you!

Quote from @Easton Hill:

@Account Closed I'll make sure to do a follow up post! 

I'll be very interested in seeing the results too.

This one in North Phoenix caught my eye.

Cleaning fee is $619. Seems a little excessive??

Calling Washington Investors:

Rental and home price ratios are currently abysmal in the place we call home. Not to mention, interest rates are the highest they've been in the past 10 years. I'm curious if anyone has considered and actually went forward with out-of-state investing? If so, I want to hear your story and how it has worked out! When did you buy, where, and why? If you're comfortable, maybe give us a little glimpse into how much your cash flow is after all expenses. If you haven't, what type of fears are you facing? What is stopping you? Are you waiting for something better? 

Hey Everyone, I have a small home service-based business that has allowed me to bring in about 60K Liquid. This will continually bring in about 8-14K/month. I've been listening to the biggerpockets podcast for a while, but I am not sure if this amount is enough to safely get into the industry, or if my age would allow me to. Until I'm 18, I'll likely just keep reinvesting my money into the business but figured I'd come on here and get some feedback. I just like to think ahead to the future. Appreciate all insight!

I should add, I currently live with my parents so I have no living/food expenses. My only expenses right now are business related, employee pay, expenses, taxes etc. 

Quote from @Rodney Sums:

Quote from @Katherine Roberts:

Hi,

How much more work is it to rent to travel nurses than doing a long term rental? I found a nice looking property. The current owner rents to travel nurses (currently vacant for the first time in a year). The numbers make sense if I continue renting to travel nurses. It’s fully furnished. It’s less than 5 minutes away from multiple large hospitals and has been renovated. It’s also in an up and coming neighborhood… my only concern is the turnaround and upkeep. Any suggestions, advice, or things to look into? 

 There are so many posts about renting to travel RNs.  I'm really curious what the draw is to RNs specifically?  Especially considering they're not the only ones in the hospital that travel, and not the only profession that has travelers on contract.

I'm an RN by the way, and I've been a traveler.  really curious.

The current owner said he’s only rented to travel nurses! I’m very new to this and not the person to ask. Haha

Hi,

How much more work is it to rent to travel nurses than doing a long term rental? I found a nice looking property. The current owner rents to travel nurses (currently vacant for the first time in a year). The numbers make sense if I continue renting to travel nurses. It’s fully furnished. It’s less than 5 minutes away from multiple large hospitals and has been renovated. It’s also in an up and coming neighborhood… my only concern is the turnaround and upkeep. Any suggestions, advice, or things to look into?