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All Forum Posts by: Twannisha Jackson

Twannisha Jackson has started 11 posts and replied 104 times.

Post: Creating Generation wealth

Twannisha JacksonPosted
  • Rental Property Investor
  • Cleves
  • Posts 104
  • Votes 58

you should read more into low income housing. if the place is already beat up, just clean it up. low income housing is constant management. fix it up. 

Post: First Time House Hacker - Separate bank account for rent collection?

Twannisha JacksonPosted
  • Rental Property Investor
  • Cleves
  • Posts 104
  • Votes 58

I keep my rental money in a completely different bank than my personal accounts. never mix them both. 

Post: Washer dryer hookup issue in rental

Twannisha JacksonPosted
  • Rental Property Investor
  • Cleves
  • Posts 104
  • Votes 58

1) you could call more contractors to get more pricing. 2) buy the fancy washer, charge more on the rent $$$ & make a special section on the leases about maintenance on these machines. 

Post: What to look for in a property management company

Twannisha JacksonPosted
  • Rental Property Investor
  • Cleves
  • Posts 104
  • Votes 58

I would definitely start with “do you own any investment properties?”, any fees/hidden fees- even the smallest things. read the heck out the contract or whatever & ask questions if you need clarification on something! I’m self managing but this is some things i would do. 

Post: Tenant asking for personal favors

Twannisha JacksonPosted
  • Rental Property Investor
  • Cleves
  • Posts 104
  • Votes 58

don’t respond. she can go to the local library or wherever she usually plug in the device. scamming at an all time high! 

Post: Have no idea for direction.

Twannisha JacksonPosted
  • Rental Property Investor
  • Cleves
  • Posts 104
  • Votes 58

Hi, I would network with more experience real estate investors who buys & manages the properties. do ur due diligence before you hand over hand cash. I would house hack. I would buy bank/foreclosed/tax liens. maybe put down 5-20% down payment on a 4 unit. 

Post: Tenant no responding to rental raise

Twannisha JacksonPosted
  • Rental Property Investor
  • Cleves
  • Posts 104
  • Votes 58
Quote from @Account Closed:

Heyy. I'm trying to raise rent to fair market rent for one of my tenants. I have informed her through text and email. And heard no response. I texted again asking if she got my messages and if she had any questions. No response. I also texted if we could set up a time to chat on the phone. No answer. What should I do??


Post: Been on the sidelines too long, ready to get started and could use some advice.

Twannisha JacksonPosted
  • Rental Property Investor
  • Cleves
  • Posts 104
  • Votes 58
Quote from @Mike Mosee:

Hi Ryan

Find a reliable property manager for accurate rent rates to determine how the numbers will work. Think you're a little shy on initial cost to find a SFR in C grade area, You're closer to $100k + rehab of $20-30K for a 3/2. We've been investing in Memphis for 12+ years in primarily this asset class with good results BECAUSE we have a great property management team. Can refer if desired.

Like Ko said the first one is the most difficult & then it gets easier to move on.

Best,

Mike


Post: Investing in only syndications. Am I missing out?

Twannisha JacksonPosted
  • Rental Property Investor
  • Cleves
  • Posts 104
  • Votes 58

I would love to pair up with folks buying an apartment building, I just put in $5k & get $10k back lol. 

Post: house hacking rehabilitation

Twannisha JacksonPosted
  • Rental Property Investor
  • Cleves
  • Posts 104
  • Votes 58
Quote from @Shawn Parsh:

Twannisha,

If you are just changing out a sink then I would use a qualified handyman. I always hire the specific contractors I need for each task. In my case it saves me a lot of money. It all depends what your comfortable with. I've been rehabbing properties for over twenty years so I don't need a general contractor to oversee the project for me.

would you call a licensed plumber or licensed handyman for the kitchen sink? replacing the sink basket.
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