All Forum Posts by: Zach Lemaster

@Kelly McJunkin

Yes, absolutely! We have local, professional management in place for all of our properties allowing this to be a passive investment. If you look at the pro forma breakdown it shows the 8% management expense. Industry standard for this area would be 10%, but our investors are able to obtain the discounted 8%. The pro forma shows all expected expenses; taxes, insurance, mngt, future potential vacancy, future potential maintenance, debt service, etc. to allow you to have a realistic expectation for true net cash flow & ROI. I'm happy to answer any questions you have at any point in time.

@Allen Wu

There is a huge population migration across the US to the sunbelt, but especially states like FL that are business & landlord friendly, have no state income tax, low property taxes, good weather, low cost of living, access to the ocean, etc.  Cape Coral is definitely one of these areas that has a huge housing shortage.  All the new builds we sell retails have multiple cash offers above listing price within a matter of days, and the homes we rent out all have many applicants before the build is completed.  I think there will be very strong appreciation over time.  The new builds we sell to our investors for around $240k will retail upon completion between $285k to $310k allowing the investor to have significant, immediate equity!  The S side of Cape Coral is already developed where these same 2,440 sq ft homes retail for $400k to $600k while the N side is still be developed & is more opportunistic to get involved on the front end of the curve.  There is only so much land...especially on the coast.

@Amanda Bruneau

Happy to help.  Feel free to let me know any questions you have at any point in time.

@Amanda Bruneau

Absolutely!  We are mainly focused in Cape Coral.  Most all homes there appraise much higher than our sales price to the investor on these.  If you just connect on your own you likely will be paying full market value.  Because of the housing shortage there most homes have multiple cash offers within a few days of listing.  That is why we are focusing on the new builds specifically.  Feel free to see more info here:  https://renttoretirement.com/i... 

@Amanda Bruneau

Investing out of state can be an excellent way to achieve better returns & cash flow especially if you live in a very expensive market.  Of course, you need the right boots on the ground team to assist with all aspects of the home including management.  So as long as you have the right team in place you can build a very successful portfolio with this strategy.  Ultimately I believe it is ideal to have a diversified portfolio across a few different markets depending on your goals.  That is how my wife & I have successfully built a large portfolio over many years allowing us to retire from our professional careers in healthcare.

I would highly consider looking at new builds in FL that have excellent cash flow, strong appreciation in a great area on a brand new build that could have $30k+ of immediate equity!  That is the best opportunity we've seen for quite some time in this market climate.  I'm happy to answer any questions you have at any point in time!

@Vicky Liu

They are not the only mngt team we've worked with.  I agree they had communication issues during a transition period that we dealt with, but things have improved from last year.  You have the choice to use whatever management team you would like.  We also recommend GK mngt, Evernest, Camelot, Renter's Warehouse & Gateway.  We are happy to assist you with whatever management team you feel is in your best interest.

@Steven Rubino

I'm more than happy to answer any questions you have.

@Cj Powderhorn is moving forward with a build, and I'm sure she would be available to tell you about her experience so far as well.

@Steven Schreifels

We appreciate the kind words!  That is great to hear you found the initial call with our team informational.  All things considered, I would highly recommend new construction projects for the best overall returns.  This allows you to invest in a brand new property in a high class area that has positive cash flow & about 10% to 20% below market value!  I would highly recommend looking into new construction for a very predictable first investment over an older rehabbed property to start.

Here are some more resources for you to review to see what other investor's experiences have been.  It is very important you find a team that is compatible with you, and align with your overall goals.  As far as dealing with an honest & reputable company, it's all about reputation.  Make sure to connect with other clients that have also invested with that company for a length of time.  I'm happy to answer any specific questions you have.  

https://www.biggerpockets.com/users/ZacharyCole/references

https://www.biggerpockets.com/forums/92/topics/518583-feedback-on-renttoretirement-and-zach-lemaster

https://www.biggerpockets.com/forums/92/topics/765347-rent-to-retirement-review

https://www.biggerpockets.com/forums/850/topics/895660-my-first-investment-property-an-out-of-state-deal

https://www.biggerpockets.com/co/RentToRetirement

https://www.biggerpockets.com/forums/92/topics/893621-rent-to-retirement-review?highlight_post=5222888&page=1#p5222888

https://www.biggerpockets.com/forums/311/topics/915728-experience-with-rent-to-retirement-turnkey?page=1#p5345200

https://www.biggerpockets.com/forums/92/topics/808479-rent-to-retirement-experiences

https://www.biggerpockets.com/forums/12/topics/533693-anyone-worked-with-renttoretirement-turnkey

https://www.biggerpockets.com/forums/92/topics/581730-rent-to-retirement-zach

https://www.biggerpockets.com/forums/48/topics/874096-reviews-on-r2r-and-nch?page=1&utm_source=Iterable&utm_medium=email&utm_campaign=Transactional:%20topic_notification&utm_content=Transactional#p5123754

https://www.biggerpockets.com/forums/311/topics/883772-turnkey-investing-renttoretirement-feedback-reviews?highlight_post=5171720&page=1#p5171720

https://www.biggerpockets.com/users/ZacharyCole/references

@Zak House

Welcome to BP!  There is a ton of discussion on this topic already on BP.  You just have to know the right places to look.  I'm going to assist you by providing some links below where you should be able to find many answers to your questions:

https://www.biggerpockets.com/users/ZacharyCole/references

https://www.biggerpockets.com/forums/92/topics/518583-feedback-on-renttoretirement-and-zach-lemaster

https://www.biggerpockets.com/forums/92/topics/765347-rent-to-retirement-review

https://www.biggerpockets.com/forums/850/topics/895660-my-first-investment-property-an-out-of-state-deal

https://www.biggerpockets.com/co/RentToRetirement

https://www.biggerpockets.com/forums/92/topics/893621-rent-to-retirement-review?highlight_post=5222888&page=1#p5222888

https://www.biggerpockets.com/forums/311/topics/915728-experience-with-rent-to-retirement-turnkey?page=1#p5345200

https://www.biggerpockets.com/forums/92/topics/808479-rent-to-retirement-experiences

https://www.biggerpockets.com/forums/12/topics/533693-anyone-worked-with-renttoretirement-turnkey

https://www.biggerpockets.com/forums/92/topics/581730-rent-to-retirement-zach

https://www.biggerpockets.com/forums/48/topics/874096-reviews-on-r2r-and-nch?page=1&utm_source=Iterable&utm_medium=email&utm_campaign=Transactional:%20topic_notification&utm_content=Transactional#p5123754

https://www.biggerpockets.com/forums/311/topics/883772-turnkey-investing-renttoretirement-feedback-reviews?highlight_post=5171720&page=1#p5171720

https://www.biggerpockets.com/users/ZacharyCole/references

@Chase Maglangit

Thanks for the kind words!  We do our best to set our investors up for success.  Just to clarify one of your points, some of our properties we have partnerships involved in different locations, and some properties we own & operate 100%.  The duplex you are buying in Indiana is an example of one of those properties that RTR owns 100%.  Our expectation is same for all properties even if we do have partners involved.  We want to ensure the homes are in good condition & leased to a well vetted tenant.  Please also understand that in rental real estate not everything will work out perfectly, but we do our absolute best to control the many variables rental real estate has to set you up for long term success.  That is why it's vitally important to build a well rounded portfolio with multiple streams of income, which is exactly what you are doing.  You're off to a great start.  We look forward to building a long term business partnership with you!