Investment property rental in US

[Warangalbidda]

Hello everyone,

investment kindha oka 2nd house kondam anukuntunna just for rental purposes. Planning to give to property management company to reduce hassle from tenants. Did anyone have your property to property management company or you manage our own property?

serious replies please

pros and cons of giving to property management 

[lollilolli2020]

nenu kuda oka cottage kondam ani anukuntunna, airbnb lo pettadaniki

[JANASENA]

my company charges 1 month rent

and also any repairs 

just FYI, be ready with an extra $3000 - 5000 every year for repairs, picha picha ga vadatharu tenants. istamochinattu.

[stonks_pro]

22 minutes ago, Warangalbidda said:

Hello everyone,

investment kindha oka 2nd house kondam anukuntunna just for rental purposes. Planning to give to property management company to reduce hassle from tenants. Did anyone have your property to property management company or you manage our own property?

serious replies please

pros and cons of giving to property management 

Few of my friends use ziprent …you can check that…no direct experience 

[Konebhar6]

25 minutes ago, Warangalbidda said:

Hello everyone,

investment kindha oka 2nd house kondam anukuntunna just for rental purposes. Planning to give to property management company to reduce hassle from tenants. Did anyone have your property to property management company or you manage our own property?

serious replies please

pros and cons of giving to property management 

Property Management companies are a scam. Very difficult to find a decent one. They charge 1 month or half month rent to begin with plus 7-10% monthly rent. 

Once you handover, you do not have any control over who they rent the house to. There are laws for equal opportunity. So they are obliged to pick based on these laws and not on your own interest.

They do provide services for repairs and usually over charge. If you do not live in the state or nearby, they can take advantage. 

They can't even help you evicting a person if things go wrong. They cant force the tenant to pay monthly rent. 

Ee market lo rental property gurinchi alochistunnavanta, you have money to burn.

[Warangalbidda]

Mana vallu andaru chesede kada 2nd house investment gurunchi kontunnaru ga..Anybone manage their own property for rental.

[KiKiKi]

20 minutes ago, Warangalbidda said:

Mana vallu andaru chesede kada 2nd house investment gurunchi kontunnaru ga..Anybone manage their own property for rental.

Is there any specific market(s) you are looking at ?

[uyghur12]

1 hour ago, Warangalbidda said:

Hello everyone,

investment kindha oka 2nd house kondam anukuntunna just for rental purposes. Planning to give to property management company to reduce hassle from tenants. Did anyone have your property to property management company or you manage our own property?

serious replies please

pros and cons of giving to property management 

Can you tell what initial research have you done ?

[Warangalbidda]

Oka 400k budget lo 20yrs old houses dorkuthunai 3bed rooms. ipudu unna house medha equity 10% theskoni down payment chestha, 350k ki loan monthly oka 3k untadi.

house rental purposes ki istey oka $2200 vastadi

property Management vallaki ki oka 10-15% potadi so overall ga Naku oka 1k hand nundi pay chesta .
 

2nd house untundi daniki value kuda perugutadi kada.

idhi na plan

[Hitman]

47 minutes ago, Konebhar6 said:

Property Management companies are a scam. Very difficult to find a decent one. They charge 1 month or half month rent to begin with plus 7-10% monthly rent. 

Once you handover, you do not have any control over who they rent the house to. There are laws for equal opportunity. So they are obliged to pick based on these laws and not on your own interest.

They do provide services for repairs and usually over charge. If you do not live in the state or nearby, they can take advantage. 

They can't even help you evicting a person if things go wrong. They cant force the tenant to pay monthly rent. 

Ee market lo rental property gurinchi alochistunnavanta, you have money to burn.

If you 1 rupee item at 0.50 to 0.75 it is called investment. it is not when you buy the same at 2 rupees.

 

At this time the rental property yields are anywhere between -$500 to -$1500 (decent area, decent town home). if you deposit the funds in Bonds/Bills, your income is +1000 to +1500. 

 

[PappuLokesh]

1 hour ago, Warangalbidda said:

Hello everyone,

investment kindha oka 2nd house kondam anukuntunna just for rental purposes. Planning to give to property management company to reduce hassle from tenants. Did anyone have your property to property management company or you manage our own property?

serious replies please

pros and cons of giving to property management 

PM if you need more information 

[gudboy]

7 minutes ago, Warangalbidda said:

Oka 400k budget lo 20yrs old houses dorkuthunai 3bed rooms. ipudu unna house medha equity 10% theskoni down payment chestha, 350k ki loan monthly oka 3k untadi.

house rental purposes ki istey oka $2200 vastadi

property Management vallaki ki oka 10-15% potadi so overall ga Naku oka 1k hand nundi pay chesta .
 

2nd house untundi daniki value kuda perugutadi kada.

idhi na plan

thats negative cash flow kada bro?? usually people buy rental property if there is a positive cash flow only..

 

help me understand the logic here

[uyghur12]

15 minutes ago, Warangalbidda said:

Oka 400k budget lo 20yrs old houses dorkuthunai 3bed rooms. ipudu unna house medha equity 10% theskoni down payment chestha, 350k ki loan monthly oka 3k untadi.

house rental purposes ki istey oka $2200 vastadi

property Management vallaki ki oka 10-15% potadi so overall ga Naku oka 1k hand nundi pay chesta .
 

2nd house untundi daniki value kuda perugutadi kada.

idhi na plan

ee investment cheddam ankunna place lo historical appreciation entha?

gone are those days where you think ade perugutadi.... with the current interest rate 350k loan ki minium 2.5k pmi

with 20yr old home unrealized costs are very high... hvac issues insulation issues edo okati vastadi.... do research on this before you invest take a wise decision

[JackSeal]

53 minutes ago, Warangalbidda said:

Mana vallu andaru chesede kada 2nd house investment gurunchi kontunnaru ga..Anybone manage their own property for rental.

Ma community lo vuncles manage on their own and only desis ke estharu by posting in desi groups. So rent default and other issues thakkuva. Inkondharu vuncles sulekha lo post chesi per room lekka rent ke estharu again for desi uth.

[Mirzapur_kattappa]

Wrong time to buy property house..put your savings to savings bank for 4.5% interest