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Thrilled with new property management company

November 6th, 2015 at 12:48 pm

I can not be MORE THRILLED with the new property management company. GREAT COMMMUNICATION.. All rents in (except one which they have already followed up on) and just intelligent plans to rent, great ads, just wonderful

Doing major ad cammpaigns, nice office, met all tenants already except one (sending out new leases next week).. .

I can finally GROW my holdings and have options.. or can just stabilize. Someone is moving from the 3 units Nov 31. they already have it listed and are getting calls.and they think those can support $650/month .. $50 more than what I get now

Hoping for smoother waters and more growth ahead!!!

I mean just maybe my plan is going to work..currently on target to get $6,400 monthly NET cash flow a month startting 6/2018 (assumes I prepay 3 units to pay off then too) and rents will likely go up by then.

I will work on stabilizing repairs costs

SO EXCITED!

6 Responses to “Thrilled with new property management company”

  1. AnotherReader Says:

    Professional property management is critical to success in a hands-off approach to owning rentals. Hope they continue to perform for you so you can focus on other things.

  2. creditcardfree Says:

    Great news!

  3. Livingalmostlarge Says:

    Wow! Amazing job. How much passive income do you have now?

  4. Rachael777 Says:

    Net should be around $4,000 but best to wait a few months and get an average. I am still reconciling with the old property manager and the 6 homes payoff. but to be told that ALL rents are in (except 1) and to be told UPFRONT about repairs.. just amazing! excited,. I hope this continues with these people. I mean I can start to rely on this and 'count it'. With the last manager, every month (more towards the end) he would tack on several hundred to a few thousand for vague 'repairs'. Now I am much more control with information and quotes UPFRONT. My monthly budget is a little over $4500 . what I MAY do once I get a few months under my best is set my 401k match (next year) to 80% and just get that done and use the rents to live off of

  5. Ima saver Says:

    That is wonderful!!

  6. rob62521 Says:

    Super!

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