All Forum Posts by: Will Fraser

Oh cool!  I thought Frazer bank went OOBiz, and I'm glad to hear that there is good blood in those veins!

@Braden Alexander, welcome to the community!

You don't happen to be with Valor, do you?

Hmmm . . . . Well first . . . pier and beam IS a foundation.

It seems like what you really need is plumbing insulation.

Is there anything that would keep you from making the crawlspace warmer and insulating it well?  Would that make your home a 4 season place?

 Well said, Taylor!  

 Are you kidding me?  That's insanity!  They out here saying you HAVE TO renew your lease when it is up for renewal?

 I would agree with them.  I have been bit by the kindness intended when giving long notices almost every time.  So, now I'll give 40-day notices as a courtesy, which is 33% more time than the mandatory amount, yet still no thanks.  C'est la vie!

For my money I'd look at buying something in the areas outside Park City and operate as a STR to produce a small amount of cashflow while bringing in 6-12% annualized appreciation.

OR I'd look at buying a small, exceptionally well located apartment building in Atlanta

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OR I'd buy a new construction home in Oklahoma City, Tulsa, or Wichita in one of the better neighborhoods you can buy in, and then repeat that a couple of times.  Don't be misled about markets like OKC, Tulsa, and Wichita . . . they putter along predictably at 2.5%-3% rates of appreciation (throwing out the Gov Induced Insanity of the past 3 years) but the ticket with this is that the appreciation is something you can take to the bank AND the fundamentals of the area are rock solid.

It looks to me like a key issue here is WHERE you're listed.  FB marketplace is one of the least productive places I know of for rentals (learned after more than a year of fielding 50+ worthless "leads" per rental listing from it).  Zillow, KSL, and possibly Rentler are where you'll want to be, and Zillow is the king of the three.

I'd chat with a pro in the space (like Kodiak Property Management) and see what pointers they can give you.  They're the best I know of in the valley and you'll do well together 

In my opinion this completely depends on where you're going with the management thing.

If you intend to build a business around this and keep going then I'd look at one of the professional management softwares that have consistently pleased us company folk. They are: Buildium, Appfolio, and RentManager. Some yahoos like one of the dozen or so Yardi iterations, but I don't get those folks so I'll pretend it doesn't exist.

There is a whole different class of PMSs like RentReady, TenantCloud, Hemlane, etc that CAN be used to do some or all the things you'd prefer, they just won't function AS well for as long as the pro-grade PMSs listed above.

So, if this is a side hustle that you'll dabble in for a while and then hop onto the next shiny object that walks by, I'd go with the cheapest or best UX/UI you can find in the second group.

IF this is a business that you intend to keep getting better at and pursue with excellence then I'd cut right to the pro-grade PMS and learn to use it masterfully. They can be an annoyance when used shoddily, or a boon when used masterfully.

Go, grow, and blow their minds!

 What do you enjoy about.  Gordon Management?  

Incidentally, was it established by The Gecko?