All Forum Posts by: Terrell Garren
Terrell Garren has started 11 posts and replied 1222 times.
Post: Property Managment contract question

- Rental Property Investor
- Concord, NC
- Posts 1,240
- Votes 3,065
I'd recommend self-management if the property is local. Tenant selection and developing skilled trade relationships are key. I've been doing it for 12 years and never a 2am clogged toilet. I'm guessing I spend 10 hours a month on 26 SFHs. I have no doubt that I would have more headaches w/ a PM than w/o.
Post: Indoor Pool / inside garage

- Rental Property Investor
- Concord, NC
- Posts 1,240
- Votes 3,065
Interesting. Instead of a floating bar, you can float over and change your motor oil and air filter. Sorry, thumbs down.
Post: New Agent - Should I Americanize My Name?

- Rental Property Investor
- Concord, NC
- Posts 1,240
- Votes 3,065
You can call me Betty if you pay your rent on time and take care of my property.
Post: Got into contract and realtor and lender are now upset

- Rental Property Investor
- Concord, NC
- Posts 1,240
- Votes 3,065
The realtor makes their money on the commission. If you finding a lower cost loan affects the relationship, it's not a relationship worth losing money to maintain. I'm taking the $70 a month.
Post: Attorney Referal to form LLC

- Rental Property Investor
- Concord, NC
- Posts 1,240
- Votes 3,065
I don't know about Ohio, but the process is very simple in NC. I'm talking 8th grade easy. Search youtube and the secretary of state website. Likely one form and a $200 fee.
Post: Worst Part of Being a Landlord?!?

- Rental Property Investor
- Concord, NC
- Posts 1,240
- Votes 3,065
Having a professional licensed manager would save me maybe 10 hours a month and cost $2,600. Not to mention a high probability of poor tenant selection and increased maintenance costs. I'd rather keep a PM at arms length from my tenants.
Post: Looking to make connections In Middle Tennessee!

- Rental Property Investor
- Concord, NC
- Posts 1,240
- Votes 3,065
I thought there was just one Tennessee?
Post: Bitcoin is 10k again what are you going to do now?

- Rental Property Investor
- Concord, NC
- Posts 1,240
- Votes 3,065
A crypto exchange going bankrupt? Who would ever see that coming?
Coinbase admits users may lose crypto if exchange goes bankrupt | Fortune
Post: Real Estate in the Metaverse - Will you be investing?

- Rental Property Investor
- Concord, NC
- Posts 1,240
- Votes 3,065
No time for SimCity on steroids or Zuck's cyberworld. I'll opt for real property and real people that need a place to live. Although I do like the idea of unclogging a virtual toilet instead of the actual one.
Post: Bitcoin is 10k again what are you going to do now?

- Rental Property Investor
- Concord, NC
- Posts 1,240
- Votes 3,065