10-01-2021, 04:35 PM
Since we are BSing.....
Sounds like you have a solid business Mike, and heck yeah you need a crew for that many units. You sound like a good landlord as well. They are customers and should be treated as such until they betray the trust. I only had one episode. My brother was the flipside. He had a couple rentals in the hood. He would tell the tenants I will have you out in a week if you don't pay. Iowa courts were landlord friendly and that wasn't far from the truth. Half my tenants were licensed tradesmen. Thy would make repairs without permission at times. They liked my rent and I kept it that way for good tenants.
I was just suggesting Ken be a little hands on starting out. Don't give away all the cashflow. I've had a few friends that started off in rentals and house flipping. They hired out everything and didn't last long. After you "scale up", then you can have a trusted crew. If you have one or two units and you are incapable or too lazy to change out a door lockset or a toilet flapper valve this business probably isn't for you.
I bought nothing after HAS at the open. I'm not sure where the market is heading. The infrastructure package is surely a big deal, but there is a lot in there to move sectors in both directions so I just don't know. I really don't see common ground within the DEM party right now. They are miles apart even if they say different.
Sounds like you have a solid business Mike, and heck yeah you need a crew for that many units. You sound like a good landlord as well. They are customers and should be treated as such until they betray the trust. I only had one episode. My brother was the flipside. He had a couple rentals in the hood. He would tell the tenants I will have you out in a week if you don't pay. Iowa courts were landlord friendly and that wasn't far from the truth. Half my tenants were licensed tradesmen. Thy would make repairs without permission at times. They liked my rent and I kept it that way for good tenants.
I was just suggesting Ken be a little hands on starting out. Don't give away all the cashflow. I've had a few friends that started off in rentals and house flipping. They hired out everything and didn't last long. After you "scale up", then you can have a trusted crew. If you have one or two units and you are incapable or too lazy to change out a door lockset or a toilet flapper valve this business probably isn't for you.
I bought nothing after HAS at the open. I'm not sure where the market is heading. The infrastructure package is surely a big deal, but there is a lot in there to move sectors in both directions so I just don't know. I really don't see common ground within the DEM party right now. They are miles apart even if they say different.