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All Forum Posts by: Tony Savage

Tony Savage has started 1 posts and replied 153 times.

Post: Investing In a New Market

Tony SavagePosted
  • Real Estate Broker
  • San Diego, CA
  • Posts 157
  • Votes 104

Hey Trevor,

I took a trip down south this summer, Memphis, Chattanooga & Nashville.  I met with fellow investors & agents in these markets.  My partners & I are flipping in Chattanooga so I hung out there for a couple of days, meeting my contractor and agent for the first time; of course I went by and took at our flip.  Two of the investors that I met with in Chattanooga and Nashville, I connected with them on BP.  

Good luck on your real estate journey, it's a fun ride!

Post: Fire Damage Discovered During Inspection

Tony SavagePosted
  • Real Estate Broker
  • San Diego, CA
  • Posts 157
  • Votes 104

Unless you can get the price significantly reduced, walk away Tim! You do not want this to become your problem.

Post: Corporate Transparency Act Blocked Nationwide

Tony SavagePosted
  • Real Estate Broker
  • San Diego, CA
  • Posts 157
  • Votes 104

Great news! I was hoping this was going to happen so I wouldn't have to take time out of my day to send in the BOI on all of my entities!

Post: Unpaid rent collection

Tony SavagePosted
  • Real Estate Broker
  • San Diego, CA
  • Posts 157
  • Votes 104

Hey Kiraat, how much is your tenant in the rears for? Do you have the contact info for his place of business? What about character references from your tenants application? You may just have to take the loss and move on.

Post: Worst-Case Scenario Eviction - Massachusetts

Tony SavagePosted
  • Real Estate Broker
  • San Diego, CA
  • Posts 157
  • Votes 104

Can't we all just get along..LOL.  Karl l believe in you man, you have the experience you can find a solid tenant that will take care of your property.  Think about the best case scenario of leasing your property!

Post: Worst-Case Scenario Eviction - Massachusetts

Tony SavagePosted
  • Real Estate Broker
  • San Diego, CA
  • Posts 157
  • Votes 104

Karl, You're living your worst case scenario right now!  You say you've been a Landlord for 20+ years in three different states.  Get your house rented out!

Good Luck!

Post: Are rents dropping in your market? You are not alone.

Tony SavagePosted
  • Real Estate Broker
  • San Diego, CA
  • Posts 157
  • Votes 104

I also raised rents this summer.  I don't do that every year.

Post: Are rents dropping in your market? You are not alone.

Tony SavagePosted
  • Real Estate Broker
  • San Diego, CA
  • Posts 157
  • Votes 104

All of my leases expire at the end of July. My rentals are in Lansing, MI, I do not want to worry about leasing them out in the winter.

Post: Squatters and Thiefs Keep It Up

Tony SavagePosted
  • Real Estate Broker
  • San Diego, CA
  • Posts 157
  • Votes 104

Arron, did you go out to Memphis before you bought your properties?  Did you work with an agent that new the market?  

I went out to Memphis in late July to set up a network of agents and contractors. I got a chance to drive a few of the neighborhoods to figure out where we want to buy. We're flipping these properties to investors and or first time homeowners.

Post: Squatters and Thiefs Keep It Up

Tony SavagePosted
  • Real Estate Broker
  • San Diego, CA
  • Posts 157
  • Votes 104

I have a flip in Chattanooga that we just put on the market.  Once it sells, my partners and I are going to buy a flip in Memphis.

I see you're from South San Francisco, I'm from San Francisco!