All Forum Posts by: Shawn Rose

Thank you, Ned.  I completely agree with you.  While zero lost revenue days is near impossible for LTR and MTR properties, the fewest lost revenue days, the better.

Thank you for the feedback, I appreciate it.   

Thank you very much for the quick reply and the detailed response.  I agree with the mindset and process that you're following.  I really appreciate this. 

Hello BP community,

I have what may sound like a general and potentially ridiculous question.  I have three (3) units all managed by the same property management company.  What is a realist timeframe to get a unit turned over and listed for rent once it becomes vacant?  Is it taboo to include in the lease that upon receiving notice to vacate, that property management reserves the right to inspect the apartment/house for any items that may need to be repaired after the house is vacated? 

One of my properties was just vacated on May 31st and while I do have a list of items that need fixing, I do not yet have a quote for the repairs.  When I do receive a quote, the work will still need to be scheduled, so on and so forth.  My concern is that this tents to be the norm and having a property vacant for two (2) months is killing me.  

My personal W2 is in asset management for senior living residential and it is listed in our leases that upon receiving notice to vacate, we reserve the right to inspect the apartments for defects that will require scheduling a contractor for repair.  This cuts down to the lead time in order to get the work completed once the apartments are vacated.  I really appreciate the communities input here. 

Shawn  

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $149,500
Cash invested: $10,000

Duplex (3BR/2BTH and 2BR/1BTH) separate 1BR/1BTH ADU

Jonathan, thank you very much for reply. I really appreciate it. We currently have a small portfolio in Ohio and need to create LLC's there (in OH) to place the properties in... or so I thought. I'm still a rookie investor and am learning new things all the time. I really appreciate the the referral and the info. My investing experience is still limited, but if there is anything that you believe I could do to help bring value to your investing or business goals, please don't hesitate to let me know.

Thank you ~ Shawn

Hello BP community! I hope that everyone is having a great 2025 already! We are looking to growing our real estate portfolio and are looking for a great Real Estate Attorney that we can hire, and learn from who can handle our legal needs, setting up LLC's, etc. If any of you are currently working with a great real estate attorney, I would really appreciate any recommendations. Thanks BP community ~ Shawn

Thank you very much, @Nathan Gesner.  I really appreciate it.  Please let me know if there is anything that I can do to be a help/support to you as well. 

Hey there Bigger Pockets folks!  I'm an out of state investor looking for a strong property manager in the Dayton OH market.  Anyone have any recommendations?  Thanks! 

 Thank you for the response Jake.  We happen to have a college campus tour that morning.  Are you all hosting another meet up anytime soon?

Thanks again,

Shawn

Hello Bigger Pockets members!  I was wondering if anyone knows of any Real Estate Mastermind groups that get together in the Somerset County NJ area?  Thanks for any insight.