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All Forum Posts by: Nate Jones

Nate Jones has started 8 posts and replied 70 times.

Post: Pottstown, PA Feedback

Nate JonesPosted
  • Property Manager
  • Lancaster, PA
  • Posts 77
  • Votes 30

Jordan -

Good timing. We are actually having a meetup in Pottstown to connect investors with real estate agents, local property managers, etc.  Seems like it might be a good fit for you.  It'll be casual.

If you can't make it --- feel free to reach out to me directly if you have more questions.  We manage properties in Pottstown and know the rent values pretty well.

Post: New to the game from Lancaster, PA

Nate JonesPosted
  • Property Manager
  • Lancaster, PA
  • Posts 77
  • Votes 30

Ephrem,

We help host a monthly real estate investors meetup in Lancaster.  You can find it easily on Meetup.com.... it's the third Thurs of the month.   If you stop by, come say hi to one of us at SlateHouse.  It's a good place to network and learn some basics of investing.  We actually learned ourselves by going to the same meetup 5 years ago when it was run by different people!

- Nate

Post: RELIABLE PROPERTY MANAGEMENT COMPANY IN READING PA

Nate JonesPosted
  • Property Manager
  • Lancaster, PA
  • Posts 77
  • Votes 30

Appreciate the kind words Cesar.  

Laureano --- happy to chat with you about how SlateHouse can help you out.  Shoot me a direct note and we can find a time to talk.  

Post: Harrisburg PA Property Numbers Too Good?

Nate JonesPosted
  • Property Manager
  • Lancaster, PA
  • Posts 77
  • Votes 30

Trey,

I wish more investors would spend time questioning the numbers like you are.  So, that alone is a good start!

Just a few things to chime in on....

  • Closing costs -- I think this was said by Tyler as well, but I'd expect higher closing costs than that.  It'll be tough to get it under $3K, in our experience at least.  
  • Insurance -- I'd at least double that amount you have in the sheet, at least in our experience.  But if you can find cheaper -- go for it!  
  • Can't speak to everyone's pricing on property management, but we charge 6% a month of collected rent and half a months rent to find a tenant.  
  • Rent estimate -- this is a topic we have spent a lot of time on, as it's ever changing and there's so many variables.  We built this free tool for Central PA investors.  Unfort it's only for Central PA, but we looked at all our data on rentals and created an algorithm for figuring out the rent.  Also works on multi-units b/c you can put each unit in separately.  If you give it a shot, let me know what you think or if you want to chat in real time about rental rates.

Anyway..... hope this helps.  Shoot me a direct note if you want to chat more about this or anything else.   Good luck!

- Nate

Post: Looking for a great real estate attorney close to Lancaster PA

Nate JonesPosted
  • Property Manager
  • Lancaster, PA
  • Posts 77
  • Votes 30

We use Ryan Mellinger.  His company is Prime Transfer.  He's awesome, we've probably done 40 deals with him by now.  Shoot me a note if you are interested, and I can connect you.  His office is just off Oregon Pike, by Route 30.  

Post: Paramedic/Realtor/Soon to be Investor from Lancaster PA!

Nate JonesPosted
  • Property Manager
  • Lancaster, PA
  • Posts 77
  • Votes 30

Tyler -

Welcome!  Love seeing new members from Lancaster.  Would highly recommend plugging into the real estate meetup in Lancaster, lots of people there that have a ton of experience that can save you $$ along the way.  Third thurs of the month, @7PM, at the Lancaster Bible college.  Come say hi if you attend.  

Post: Motivated New(ish) Investor in York, PA

Nate JonesPosted
  • Property Manager
  • Lancaster, PA
  • Posts 77
  • Votes 30

Steven,

Welcome to BP!  Happy to meet over coffee.  We both invest and manage properties in York, so we have some good data on the area.  Reach out if you want to grab some time to get to know each other.  

- Nate 

Post: How is Central PA Market - Lancaster/York/Harrisburg for buy/hold

Nate JonesPosted
  • Property Manager
  • Lancaster, PA
  • Posts 77
  • Votes 30

Hi Saran,

Across those markets we are seeing very stable rent increases, about 3% a year or so.  Lancaster is probably growing the fastest of all of the counties you listed.  Happy to help more if you want --- feel free to reach out with any rent questions you might have.  We cover all those counties, so we know them well.

- Nate

Post: Central PA Investor-friendly Realtor

Nate JonesPosted
  • Property Manager
  • Lancaster, PA
  • Posts 77
  • Votes 30

Shoot me a direct message --- based on what type if investing you are doing --- I can provide some recommendations.  

Post: Insuring a duplex in Chambersburg, PA

Nate JonesPosted
  • Property Manager
  • Lancaster, PA
  • Posts 77
  • Votes 30

We use Farmers Insurance for our investment properties and have been happy with their rates and service.  Let me know if you need contact info.  

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