All Forum Posts by: Sean Rooks

Good rental market with plenty of demand for rentals. Mostly its military and shipyard work with tons of service industry and a few other large corporations. I invest in Hampton Roads only and am very happy with the Cashflow/COCROI. 

Welcome! Lots of great local groups around, each with pros and cons:

TRIG: meetups once/month, paid membership, tons of local rooted investors

https://www.trigofva.com/

Hampton Roads Landlord Associtaion

https://www.meetup.com/HRLandl...

Plenty of cashflowing properties in the Hampton Roads area as well if you decide to invest here!

I would recommend:

Ute Heidenreich, Esq.

Towne 1031 Exchange, LLC - A TowneBank Company.

President

109 E. Main Street, Suite 700

Norfolk, VA 23510

Phone: 757.673.1586

Fax: 757.484.7274

Cell: 757.692.1356

Welcome! Lots of great local groups around, each with pros and cons:

TRIG: meetups once/month, paid membership, tons of local rooted investors

https://www.trigofva.com/

Hampton Roads Investor Group: Free, hosted by investor agents at 1st Class Real Estate

https://www.facebook.com/group...

Hampton Roads Landlord Associtaion

https://www.meetup.com/HRLandl...

Lots of successful investors from begineneers to syndicators in the Hampton Roads area. I started here because I was here and it was comforting to put eyes on the project, and meet the team face-to-face often. It all comes down to your numbers though, if you arent seeing your minimum returns here, then maybe another market would be better. What kind of ROI/cashflow and strategy are you looking for?

Caplan Law as well!

Im down there about once a month, would love to grab coffee. Ill PM you. 

Agree with above, the easiest way is to split it based on the number of people in each unit (more people, more use). 

One other solution is to submeter via meters on each water line in the unit. Theres a company out there I've used called trusubmeter.com. They send the kit, which you can install very easily, just screw in the meter between the wall and the water line. Then it monitors the usage and sends it to a hub plugged into the wall somewhere which is connected to the cell towers. They split the bill based on usage and send it to you to forward to your tenents and essentially get paid back for their water bill. 

Welcome! Lots of great local groups around, each with pros and cons:

TRIG: meetups once/month, paid membership, tons of local rooted investors

https://www.trigofva.com/

Hampton Roads Investor Group: Free, hosted by investor agents at 1st Class Real Estate

https://www.facebook.com/group...

Hampton Roads Landlord Associtaion

https://www.meetup.com/HRLandl...