I had not liked owning rental properties out of state. I have one and am sellin

Jan 11, 2021
5:26:39pm

johnnybyu All-American

it. I have commercial properties out of state but those don't require any management. Utah will be great long term but it will not cash flow well.

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johnnybyu

Bio page: johnnybyu
Joined: Jun 6, 2002
Last login: Apr 30, 2024
Total posts: 14,789 (1 FO)

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Messages

Author

Time

Landlords: what are some of your free tips for rental properties?

Tricky

1/11/21 10:21am

you gotta have someone who can deal with a flood, or similar problem.

v1k0u6

1/11/21 10:23am

Challenges:

MichCoug

1/11/21 10:23am

As someone who has looked in to it, I think if you find a good company...

rtNelson

1/11/21 10:27am

Have a very detailed contract that lists out all of your expectations of the tenants and what the tenants can expect

IceBlueCoug

1/11/21 10:28am

make sure your contract is completely on your side. I have always found that if

grandpacoug

1/11/21 11:54am

Look into the field of OSINT to help with background checks.

Zedhead

1/11/21 10:28am

We don't use a company, we do it ourselves. It can get stressful at times

shakavaka

1/11/21 10:29am

Is your property in the town where you live?

Tricky

1/11/21 10:30am

You're gonna have a hard time making cash flow numbers work in Utah.

molodyets

1/11/21 10:37am

And the property mgmt company will make or break your investment.

molodyets

1/11/21 10:38am

Agreed if your are going to buy out of state I would buy somewhere else. We

johnnybyu

1/11/21 10:46am

Where else would you buy?

Tricky

1/11/21 11:26am

Memphis, KC, Jacksonville, Birmingham, Cleveland, Little Rock.

molodyets

1/11/21 11:38am

Great list of cities, but almost anywhere in the Midwest will work. I would urge

grandpacoug

1/11/21 11:57am

I had not liked owning rental properties out of state. I have one and am sellin

johnnybyu

1/11/21 5:26pm

This is true

DC12

1/11/21 1:33pm

we held our townhouse for 10 years after we upgraded. Though we never really had

JONBOY

1/11/21 10:50am

As I've said many times, RE is the only place I've ever found someone that will

grandpacoug

1/11/21 11:59am

I’m closing on my first one this week.

BPintheCouv

1/11/21 10:53am

I guarantee you will do great with your list of characteristics. Keep buying!

grandpacoug

1/11/21 12:01pm

I’m an out-of-town rental owner and my property management company is

Longbow Cougar

1/11/21 10:53am

Vetting the tenants is very important

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