All Forum Posts by: Saad Khan

Yes. I have someone that is in the REI space already. However, i like to learn on my own and thats why i am on this site. To find out what i can myself as i am sure many others have done the same. I believe i am 90% there and can most likely get this all sorted out. Tips from people in the area always help.

Has anyone attempted the ABNB route ? How has that fared ?

I understand the mindset .That is why i am here in the first place. I have had some great advice from family friends who have been doing stuff in the REI space for a while. I am trying to do what i can for a first and see how i can do it.

 Thank You ! So what exactly or how exactly do "move-in fees" work compared to a safety deposit ? is it essentially the same amount and more ? 

Hello all,

I think the amount of information in just the first few posts is enough to get me on the right path i believe. Thank You

What i am trying to achieve is practically the rent will pay for the back financing on this property  + cover expenses related to rental process itself - fees and maint upkeep . and some more. Granted the property i am looking to rent is new construction..and unoccupied...recouping this should be fairly easy ? I am also looking to do a long term lease if applicable

Also as far as terms go..i as the owner can put ANY terms if i want hypothetically that are within the state / city laws ? 

Thanks !

 Thanks ! i have a realtor that i have worked with, but i know he doesnt cover the area i am going to be in, which is Lake Norman/Mooresville essentially. I will research more on this

 Stephanie,

First of all, Thank you so much for your detailed reply...literally just got me on the right path ! I was figuring that my next step would be to talk to a Real Estate Attorney to draft or atleast confirm a agreement that is within my rights as well as the tenant and anything around that. 

As far as hiring property managers - Is it usually on a contractual or month by month basis ? i would think it would be possibly tied to the lease itself ? - i will reach out to you directly for these details !

Thanks !

Hello everyone !

I am a long time Charlotte native and have just ventured into purchasing a home for real estate investment/rental. 

I went with a new home build and want to rent it out. I am trying to figure out a rental contract and how i can either procure/make or get one. I also am trying to figure out what type of policies i am able to set and if there are any exceptions then what type of fees i am able to charge or levy against the renter.

Before that i want to try to know what is a good property management company for beginners...i have heard that you can end up doing majority yourself and save some $$. I want to try it out for a couple months and see how it goes. I am trying to make this a self sufficient property including lawn maintenance.

What are some good sites to post on when i am ready to rent ? What do i need to do as far as protecting myself and the property from damage and to atleast recoup the cost of stated damage (is it in the form of taking the deposit ?)

My background is in tech. I was a previous Turo host for about a year so am aware of the risks and the type of stuff that can happen.

I appreciate any help or suggestions ! Thanks !