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Rent by Room REI is happening in 32 days
29 of 32 units filled!
I am so excited. Dec will be my best month ever with 4 houses! Just in time for Christmas. 6 of 8 filled in the new house I am running myself. 23 of 24 filled in the Padsplit houses!
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29 of 32 units filled!
Potential best performer
Man - I have been looking and couldn't find much for my Buy Box in the last 5 mo. Then today I found the ugly duckling that is perfect. It is in Chandler and listed @ $475k. It needs work, the pictures are horrible and does not look good to retail buyers. I am drafting up an offer for $445k with $15k concessions. I am not going to aggressive because the house is worth more due to its location, lot size and sq ft. I can't get it up and running before the end of the year for tax purposes realistically, so not going to rush it. I think it will be on market for a while. Always, the way. Finding a good one at the wrong time, but if I get it I will be stoked. $90k down and easily $35k in reno but my numbers say it has the potential to be my best performer yet.
Potential best performer
December RxR Meeting
Quick recap Isaac and Jarrod discussed their experiences with real estate investments, focusing on cash flow, tax strategies, and property management challenges. They shared their successes with different rental models and discussed solar installation plans, property maintenance, and tenant management strategies. The conversation concluded with ReiJarrod sharing his experiences with property management systems, surveillance technology, and debt management approaches, while also discussing the impact of large investors on the cryptocurrency market. Full Meeting Notes Attached
3 hours until this month's call!
Hey all! I'm looking forward to this month's call. I've got lots of fun news to share :D as well as some drama >.<
TurboTenant et al - do they have pre-made tenancy agreements for rent-by-room arrangements?
Hey folks, I’m making offers for my next rent-by-room place, and want to start weaning myself off PadSplit and give a greater cut of the action to my PM as they do a great job. Does TurboTenant or similar offer pre-made rental agreements for rent-by-room properties, specifically for Texas? I want to move to a month-to-month model with payments every 1-2 weeks, as I think that this payment model from PadSplit is actually a good idea. I will set up the month-to-month model to provide incentive for longer stays, with the longer the duration, the greater the rebate (so I can keep the rent amount higher). Any insight and help is greatly appreciated here! James
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