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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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