All Forum Posts by: Shaun Kelly

This right here is the way to go. New management in town - if there is no current contract, time to apply your own and have them sign it. This is a good time to increase the rent, but I still wouldn't place it at market value quite yet. Vacancy can set you back VERY quickly.  

@Sandy Gabin

I once had a tenant who received a big cash settlement from a divorce and wanted to pay to redo my entire kitchen. This was a C property but had solid wood cabinets which will last decades to come.

I told her no because who knows what kind of liability and control I'd potentially risk by doing that.

I would have loved a new kitchen but it wasn't worth it to me.

@Bryan Mitchell

I'd go with concrete for durability, price, AND uniqueness that can set your unit apart from the others.

My goal is to have my first vacation rental property, rather than keep buying the traditional single family hold.

This way I can spend some time vacationing in my own investment 🔥

@Gabriela Zhang 

Hi! I just started investing in Temple 6 months ago and have now picked up 2 total properties near the Baylor Scott and White hospital. I'm from Austin as well and have looked at San Marcos and College Station before deciding to land in Temple. 

The area is full of houses from the 1950s but you can pick one up with solid bones, put $10k-$15k of rehab into it, and rent it out for some solid cash flow. Additionally, my realtor has been seeing 7% yearly appreciation gains in that area so you're looking at cash flow AND appreciation if that 7% holds up.

I'm on 43rd st and 51st st, a couple blocks West from the Hopsital. 

Good luck!