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Posted by Justin in Santa Clarita, CA on 1/16/2020 10:58:59 PM

This journal entry is for those of us who ex-flippers turned landlords.  Are there any other owners who rent out properties that they have built? My real estate company recently completed construction on an apartment complex. My group's initial intention was to sell the units either individually or as a whole due to the fact that we are located in a very hot market. However, we are now looking into the option of holding onto the units long term and creating cash flow via rent. Thus I was tasked with the chore of assembling a team of contractors whom I could rely on, from plumbers, to electrical contractors, handymen, and of course a property manager. My real estate agent connected me with a property manager who is also a handyman at santa clarita electrician, so that helped to eliminate 2 birds with 1 stone.  More on that later.  With my team assembled, it was now time to find a tenant and start bringing in that cash flow. I had my agent take care of tenant screening and background checks.  Like I said - my group's initial intention was to sell off these units, and now we are set to start enjoying a passive income stream. This is going to be an interesting journey.

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Posted by Vianner in Saint-Jean-sur-Richelieu, QC on 4/20/2020

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4/20/2020
That's a great idea that you have to rent instead of selling. You will have for sure more headaches but money wise you will win in the long term. Here is my website in case you would like to learn more about me.
Posted by Bruce on 5/6/2020

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5/6/2020
I like the idea of hard work for new construction. This post is amazing, the idea you shared will save into my list. And if you plan to build a swimming pool in your backyard you can visit Our Website. Cheers!

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