All Forum Posts by: Stuart Chinworth

I second Location Rentals. We got into a bad situation with our former PM company and they really helped turn things around. Most of our rentals have college students in them as well. 

@Mike Castellow. Thank you sir. 

My wife and I are also out of town investors, live in New Braunfels and invest in Lubbock. Her family lives there and are a great asset as boot on the ground. We just got back yesterday from meeting with our new PM company, Location Rentals. So far I have been impressed with their professionalism and  the systems they have in place. If needed, I can tell you what PM company we are washing our hands of. 

Our first handful of deals did not really have a value add component but we both realize that is the next logical step. 

@Mike Castellow do you have any idea when & where the New Braunfels meet ups take place?

Thank you!

@Tyler Clearman I agree with @Jordan Sutherland, the Lubbock CAD and GIS maps can be very helpful when doing property research. 

Have you seen the property in person?

Couldn't agree more @Austin Hughes. I am working on growing my team outside of the support system I currently have in place. If it weren't for that and living there for 10 years, I'm not sure how comfortable I would be at investing from a distance. 

Thank you!

@Jordan Sutherland, thanks for your reply. I'll shoot you a PM for more information.

Thanks again! 

Hey BP-er's! Just wanted to see if any Lubbock investors had a recommendation on property management companies. This would be my first property and I am trying to decide between self management and hiring a company. Also, I don't live in Lubbock, so that is an additional consideration. Thanks everyone!

@Eric Barnett

I am in the same boat, ready to buy, just need to find the right place that fits my criteria and that's within budget. From what I am seeing, the few properties that hit the market are snatched up fairly quickly, even faster for off-market deals. 

One of my main issues when analyzing has been estimating the monthly rental rate. I am seeing everything from $1,000 - $1,400/ month in the 3/2's that I am looking at. 

If you are up for some rehab, adding bathrooms, etc., that opens up some additional inventory to analyze. 

You are just up the road from me, lets connect, get together and compare notes. Good luck!

Welcome @Ted Boyle. Between the podcasts and online content, BP has had a tremendous effect on my REI path. Hoping to find my first property soon in Lubbock. Good luck.