All Forum Posts by: Brad Larsen

@thomas s.  -  We also give our owners a Free Security Deposit Guarantee.  We guarantee the normal security deposit amount for that home.  So the risk you make note of above is mitigated by other screening factors, and the backing of the established Property Management company.  Good feedback and much appreciated.  

As a SFH Property Management company, we have adopted a No Security Deposit option called our Preferred Tenant Program. We subscribe to a service called Obligo.

In this method, we use Obligo and their Billing Authorization Technology, to allow the tenants to rent from us with no up front security deposit by paying a small monthly fee.  

We expect 60 to 80 percent adoption.

Today, I am presenting this at the NARPM Broker - Owner conference.  Hopefully I get some good feedback on any improvements. 

We would love to work with you!  Get in touch with our team so you can work with our Pocket Listings in cross-promotion.  We can then manage the homes you help us refer.  We also have a Broker-Partnership program right up your alley.  Get in touch with Brian at our office to learn more. 

Great point Mike.  No place is recession proof.  Maybe you missed the "VIRTUALLY" recession proof portion of my statement.  If the world collapses so bad that this market fails, we are all doomed.  

Great comments by @Arissa Pedroza above.  She is right - the San Antonio and Austin markets are some of the best and stable in the world.  Virtually recession proof scheduled for solid growth.  If you take nothing else away, we are scheduled to see over 1 million more people move here in the next 5 years.  All those folks gotta live somewhere!

Let us know if you need to discuss anything about your Property Management needs! 

This is a challenge because they all specialize in different areas and very few are designated as such. The ones that are, work in the upper stratosphere. My best advice is to Google and Shop. Again, it depends on what real estate function you are looking for. If you want an LLC drawn up, that's different. If you want to execute a WRAP - that's specialized. It just really depends. Hope this helps!

Hire a Property Management company with investor agents like us.  WHY?  Because we have personally seen crappy real estate agents sell whatever they can to out of town investors....giving them false or no information.  If you engage with a Property Management company - WE have to manage your purchase so we are only going to sell you something that makes numbers sense for all of us.  If you buy a $80,000 duplex renting for $400 a side - that is not us.  Legit tenants do not work with Property Management companies.  If you buy a $250,000 duplex renting for $1,250 a side - that is ALL us and is the best course of action and in our wheelhouse.  Hope this helps! 

We would be glad to assist.  Our Instant Free Market Analysis tool is perfect for investors looking for single family home rental homes to purchase.  The sales comps are all over the place, but what you need is the comparables FOR RENT.  This is where this tool is perfect.  Check it out on our website at www.RentWerx.com and then get in touch with our team with any questions! 

@Rory Butler Hello Rory - you pose a great question and I see some very interesting answers above. The company I own - RentWerx - manages homes both in San Antonio and Austin. We know both markets very well and there are positives to each market. You would be literally trying to split hairs by deciding on one SFH versus another in both markets. What you can buy in SA for $150 to $200k is completely different then Austin. That's one factor. The other is CAP rates....which are lower in Austin. On the other hand, Austin has a higher appreciation (potentially a bubble)....so you can reap the rewards of that in a cash on cash return.

One fact to correct above is that it is NOT ok to contact the military chain of command with any non-payment of rent from a service member.  As a prior Army Officer, I used to think that way myself.  However, you are running into privacy laws at that point and that service member could make a major deal about that.....pursuing a lawsuit going down that path.  You don't have the authority or justification to start spreading rumors about a Service Member that could affect their job, or even their security clearance.  I would not go there....and we don't go there.  

If you hire a solid property management company and allow the screening process to work as designed, you will find that owning rental homes is easy in either market.  

Also, we would encourage you to visit our website and sign up for our Investor Pocket Listings.  These are off-market homes going up for sale from owners with long term tenants.  They are perfect for investors for a lot of reasons.  

Feel free to reach out to us if we can assist further!