All Forum Posts by: Will Trammell

I have a property manager and umbrella policy for my properties. Has been good so far.

Congratulations on purchasing your first rental property! Reach out to a few property managers in the area. Find one that fits for you. Ask them how many units they manage, what they feel market rent for your property is, do the handle repairs in house or use contractors, what mark-up do they charge on repairs, etc. 

Good Luck with your new property! 

@Will Trammell

Congratulations on number one. We started with property management and don't think we'll ever stop. I do plenty of things myself, but I enjoy not being on call all the time. Couple ways to size an umbrella policy, 1 is to analyze your assets and do it based off that, but I have always preferred to do it based on what is an amount that guarantees my insurance company would want to defend me. 1 million to start is pretty popular.

Congrats Will! I hope to be following in your steps here soon. Are you investing in TN?

Congratulations on your recent purchase!

INNAGO is a free tool that enables you to screen applicants, set up monthly payments, and manage everything in between.
It's advisable to adhere to your lease terms and maintain a record of any notices exchanged between you and your tenant.

Wishing you the best of luck.

Congrats, Will!

I'm new as well and hoping to find a deal in the coming months. I'll be sure to follow along to this thread to soak up as much advice as I can.