All Forum Posts by: Anthony Thompson

Hi @Tyler Daly you might want to check out the RI Short Term Rental Association at ristra.org

Hi @Ellen Feiss I agree with @Ty Coutts that you should start with informal, friendly, face-to-face conversations with the tenants to establish rapport, especially as you have some lead time here before next April.

People don't like surprises or having to scramble, so if you are able to let them know your plans in advance, if they are reasonable people they should appreciate the extra lead time.

This is especially true if their rents are currently very under market - they will have sticker shock when they look at what other units are renting for, and have to spend more time finding a new unit (if you'll be asking them to leave).

If you have to move into one of the units yourself, I'm surprised you (or your lender) didn't make it a condition of the purchase and make the seller have the unit vacant for you.

Sooner or later in rental real estate, you will have to establish a relationship with an eviction attorney. And if you have a sense that one of the tenants could be challenging/unpleasant, I'd recommend consulting with that attorney to make sure you follow the correct process for providing the notice of termination etc. If you anticipate a possible fight, it's best to do things properly from the start.

Certified mail in itself is not a panacea, in fact IIRC most of the relevant statutes say first class (i.e., "regular") mail - but it has to be sent under certain timelines. That's why it's better to establish a relationship with an eviction attorney now, especially if you anticipate a possible battle with one of the tenants down the line.

It's certainly good that you're asking these questions now. So yes, I'd say the first step is to informally talk with the tenants face to face and get a sense of who will be cooperative and who could be difficult, and let that inform your strategy for each of them going forward.

Hi Jay, that's a great introduction and it seems like you have an excellent background for real estate.

I have to say it's surprising, like you said, to see someone focusing on RI vs. other developing markets like OH and FL, but with enough work it's still possible to find something that cash flows here, too. And I do like the idea of bucking the trend, being a little contrarian, etc.

If you haven't already done so, I'd recommend attending an upcoming RI Real Estate Investors Group meeting, which meets monthly in person for members and monthly virtually for members and non-members. I've been a member since 2003 and met some of my closest friends and partners in the group.

Hi @Jorge Santos great to meet you and congratulations on starting your real estate journey!

I’m an active investor here in RI since the early 2000s and for networking with other local investors I recommend the RI Real Estate Investors Group which meets monthly in Warwick.

I’ve been a member since 2003 and have met some of my closest friends and business partners through the group, have presented a few times over the years, etc.

I hope to see you at a future meeting!

Hi @Daniel Apajee welcome to Bigger Pockets and real estate investing! For local connections I’d recommend checking out the RI Real Estate Investors Group.

They meet once a month in person for members and with another virtual meeting each month open to non-members too.

I’ve been a member since 2003 and generally found it worthwhile. In fact, they had a speaker on wholesaling last Thursday 😊

That’s great, congratulations @Jerell Edmonds 😊👏

Hey Matt, the Zoom link for the online meetings and the location for the in-person meeting are both posted on their website at rireig.com/meetings

Hey @Matt Vandeleest great to meet you. I’ve been attending the RI Real Estate Investors Group (RIREIG) for over 20 years and have found it very worthwhile for the information in the presentations and even more so for the networking connections and friends you make.

They meet twice a month, usually on Thursdays, one is online for anyone and the other is in person for members.

I hope to see you at a future meeting!

Hi @Justin Farr I can recommend some. Just shoot me a message.

Hey @Adrianna Johnson I just sent you a message with some recommendations.