Real Estate Investing Birmingham

If you have ever thought about real estate investing in Birmingham, AL, this is the video for you!

Spencer: Hey, everybody. Spencer Sutton here, and I’ve got a good friend of mine and a special guest here for this video. And I was just talking to Bryan Miles, is his name and we are going to discuss Birmingham Real Estate Investing.

Now, Bryan has been investing in Birmingham for a lot of years, probably the mid-’90s?

Bryan: Started in ’99 part-time.

Spencer: Okay. Started in ’99 part-time.

When it comes to Birmingham Real Estate Investing he was working for a competitor of ours trying to buy houses.

We were trying to buy some of the same houses and eventually, we formed a friendship. Bryan came and worked with us and started buying houses for us.

And then he went out and he was still buying houses for himself on the side. I mean, he was building a rental portfolio.

All that to say when the market crashed up at 2008, Bryan stuck with it. He helped start gkhouses with Matthew Whitaker.

He was on the front lines doing a lot of property management, and he continued to invest in the market.

Bryan’s Experience

Bryan has done everything:

  • Buying old rental houses
  • Wholesaled a lot of houses
  • Bought and fixed and flipped houses
  • Rehab, put tenants in them and then sold them to investors. So he’s been turn-keying some property.

He’s done a little bit everything. Here we are, 2019, February, the end of February, beginning of March.

I just wanted to touch base with Bryan and maybe ask him a few questions about the Birmingham market specifically, Birmingham Real Estate Investing because he gets a lot of calls.

I mean, a lot of people look to him for advice in the market (Real Estate Investing in Birmingham). If an out of state investor finds Bryan’s phone number, which I’m happy to give it to them, they’ll call him and try to mine for information.

But I thought this video might be helpful for anyone who’s looking or has thought about investing in the Birmingham market.

And, the Birmingham Real Estate Investing market has changed in the past 15 years back from when I was wholesaling properties.

I stopped wholesaling properties in 2008 when you couldn’t anymore, and from that point forward there’s just been a lot of national attention to Birmingham, a lot of out of state investors.

Birmingham Real Estate Investing Update

And so, Bryan, why don’t you just kinda give me an update a little bit just about the market in general in Birmingham, from an investment standpoint.

Mainly I’m talking about low to moderate income, stuff that we see a lot of out of state investors interested in.

What’s kinda going on nowadays?

Bryan: Well, it’s high, that’s for sure. We’ve certainly had a number of institutional buyers in the Birmingham area. We have a relatively large turnkey provider in Birmingham.

There has been a spin-off of that turnkey provider, and there’s another group that is starting to do it now.

So we’re seeing a number of turnkey properties.

We are seeing the prices of these houses have gone up considerably.

Spencer: Over the course of what period of time?

Bryan: Oh, well, goodness. You know, we started buying again in 2014 and we had some institutional buyers then that were paying numbers we couldn’t believe they were paying.

However, they turned out they have since sold and they made a smart move. Even though we thought they were spending a lot of money, they were able to sell and they made money.

So we’re still seeing it go up. We’re still seeing the Birmingham Real Estate Investing market go up. There’s a lot of wholesalers, there’s just a lot of people that do what I do.

Rising Prices

Spencer: Right. Which is trying to find dirt, cheap properties. This is really interesting. We started seeing 2013, 2014, these institutional investors coming in, probably a little bit before that, spent like funds with a lot of money buying houses.

And so, I primarily saw them buying houses in Center Point. Is that…?

Bryan: A lot. Yes, you are correct. The Center Point, the Roebuck, Huffman area, that 35215 ZIP code, we have since seen.

Spencer: And the prices went up.

Bryan: Oh, tremendously.

Spencer: So that now what I’m seeing, and, Bryan, you probably are too, I’m seeing out of state investors paying upwards of $100,000 for a turnkey property in those areas.

Whereas before, we wouldn’t pay $30,000 or $40,000 for…I mean, $40,000 for a good Center Point home back in the day, that was just good.

Bryan: We just recently bought one and we paid 45 prior to the rehab. So we just did roughly about a $26,000, $27,000 rehab job to it, and it’ll sell for $100,000, is what it will sell for.

Spencer: Yeah. On the retail market to the investor?

Section 8

Bryan: Oh, no. On a turnkey house. Tenant went in, she has Section 8 at 1,022 a month.

Spencer: Wow. So Section 8 has changed as well. Section 8 prices have gone up from…back in Center Point, back in, you know, 10, 15 years ago, you were getting probably an average of $700 to $750 a month.

Bryan: Three-bedroom voucher.

Spencer: Three-bedroom voucher. And now the three-bedroom voucher is what?

Bryan: We’re seeing, and over in the western part of town we just rented up six houses over there as little as 850, as much as 950, three-bedroom voucher.

Spencer: Wow. And that’s the western part of town, Ensley area.

Bryan: Ensley, Green Acres, Midfield.

Spencer: Okay. And then what about the Center Point, Roebuck, Huffman area?

Bryan: I would still tell you that with Section 8 if it’s a three-bedroom voucher, you can pull 950 over there.

I probably would not take less than 950, and that’s in the Huffman, Roebuck, Center Point area. East Lake, we just rented one in East Lake, 920 a month, three-bedroom voucher.

Turnkey Providers

Spencer: So I will say this, this is what I know about Bryan’s properties, and you can look at some of his houses on investbirmingham.com, the rehab is phenomenal.

It’s not a rental grade just throw it in there remodel. It is a very, very well done new appliances, new flooring, fresh paint everywhere, very good looking houses.

I mean, I looked at him and I thought, “If those were in Crestline, those would be, you know, $200,000 houses or whatever.”

But so, if you think you can come in and just kind of throw something together and get 950 a month, that’s not going to happen, because the demand is there for your properties based on how nice they are and how good they are.

Bryan: Yes. And not only that. You’re a turnkey provider and a lot of the other investors are doing very good jobs with these houses.

So yeah, I mean, you know, there’s a limited number of Section 8 vouchers, if that’s what you’re looking forward. So, you’re doing everything you can to go after that particular tenant.

Spencer: So tell me, why don’t you maybe give us a little bit of a tip?

When I talk to real estate investors out of state (Birmingham Real Estate Investing ), you know, most of them do ask about Center Point and I tell them if they can find a deal, you know, you can buy a house there, obviously.

Are there any other areas of Birmingham that are less…like that just don’t get as much publicity or people don’t know about, that are just as good or maybe even kind of coming up?

What areas, like one or two areas, would you say if you had the money right now you’d be buying in this area?

Up And Coming Areas

Bryan: Well, my first area would be East Lake. We are now actually recounting houses in East Lake that I don’t know five years ago or so if we could have.

We’re seeing such a change in East Lake. This little house that we just did on the south side of East Lake, it is probably on the retail market an $80,000, $85,000 house.

One right around the corner just sold for 160,000 low. And so we love East Lake. We love it. Again, it’s still that part of town that, you know, you can have a good block and then the next block can be rough.

However, I think we’re going to just…I don’t see this changing. I love it.

Spencer: You’re talking about the improvement.

Bryan: Oh, the improvements shape. I think it’s going to become much more of a retailable area.

From a rental standpoint, you know, I like Section 8. I like the idea of Section 8. I think we could probably potentially pull some of those rents that we get from Section 8 from private pay tenants.

It may not be here yet, I do think it’s coming.

Spencer: It’s coming. It’s coming.

Bryan: Yeah, it’s coming.

Do Your Homework

Spencer: And just a word to what Bryan said here, it can change from block to block you has to know where you’re buying houses.

Whether you can see it coming or not, I mean, if you’re an out of state investor, you most definitely need to come to the city Birmingham.

You should know exactly what you’re buying, the neighborhood, the block, or you need to have somebody very knowledgeable on the ground who can tell you those things because you can get burned real fast.

Bryan: Absolutely. I would tell any investor (Real Estate Investing In Birmingham ), “Come to the city. Just come spend a day, drive the city. You can do it in four or five hours, and do that. See what you’re buying before you buy.”

Spencer: Okay. So, East Lake, give me one more. Give me one more market.

Bryan: Well, I will always love the western part of town. You know, is there, you know, our Towns or Pleasant Groves, I mean, those are great areas.

I am still a huge fan of certain areas of Ensley, one is called the Green Acres area, I love it.

We just retailed a house in Green Acres, little three-bedroom, one and a half bath.

Spencer: Sold in the retail market for how much?

Bryan: $74,900 is what it sold for. Single guy that bought it, and it was his first house. So I’m a huge fan of that area. I love it.

And I just think we’re seeing it with…we’ve got some great investors in here that are buying and they’re changing these neighborhoods. It’s unbelievable what’s taking place there.

In Closing

Spencer: Well, that’s all good information from Bryan. I mean, this guy is on the ground. He’s seeing it firsthand.

If you’re an out of state investor and you ever wanted to potentially buy a turnkey property, I would say Bryan would provide you with a very, very solid house.

I know his work; you can come and see it. There are other good turnkey providers like you mentioned.

We manage houses for different turnkey companies in the city.

Anyway, so thanks for taking your time with us about the Real Estate Investing In Birmingham.

And he wasn’t as nervous as he thought he was going to be!

What makes a property manager unique?

What makes a property manager unique? The promises they make to their customers.

Hey, Spencer Sutton with gkhouses.

Thank you for filling out the form, thank you for reaching out to us.

We will be back in touch with you as soon as possible to answer any kind of questions, walk you through our processes.

Before that happens I just wanted to really make three promises to you.

At gkhouses, we make you these three promises and then if you decide and we decide that it’s a good fit we would love to do business together.

But I think you need to know what these promises are before that happens.

Promise Number One

We promise to give you just a hassle-free property management experience.

And what that means is we have a 100% happiness guarantee and that’s our pledge to you.

If you are not happy, if you’re not satisfied with our service then you can cancel at any time.

There’s no penalty, there’s no fee or anything like that. Our entire goal is to make you happy.

And what we found out is that part of making people happy is giving them a very hassle-free property management experience.

Promise Number Two

We promise to find you a very well qualified tenant quickly.  So this is really what you want.

You want a tenant that meets certain requirements and you want them in your home as quickly as possible.

And we want to give you that and it’s our promise to you that we’re going to do everything possible to make that happen.

We have very strict underwriting criteria for prospective tenants, but we also are very aggressive in our marketing.

So we also have two guarantees that you can learn about, 21 days lease guarantee.

Where we’re gonna rent your house in 21 days or you get 2 months of management free.

Also, we have a tenant guarantee where we’re guaranteeing that that tenant will stay in your home for, you know, a certain period of time.

And so you can ask the gkhouses representative more about those guarantees.

Promise Number Three

And then we promise we are going to treat your home and your tenant with respect.

We’re going to take care of those two and very, very important assets. So your house is an asset but really your tenant is the most important asset.

And when we’re able to take care of those by providing good service, you and your tenant will be happy. These are things like timely accounting when rent is due, maintenance requests handled in a timely manner.

When we are able to do that and keep a tenant happy they will stay in your house longer but they will also take care of your house.

And so those are our three promises, hassle-free property management experience, we’re gonna rent your house to well-qualified tenants very quickly.

Then we’re just gonna take care of your home and your tenant, the two most important assets in this whole equation.

Again we look forward to speaking with you soon and thank you so much for filling out that form

Where To Invest In Birmingham Alabama – A General Overview

What’s up, everybody? Mathew Whitaker here. I am going to knock out a quick video that’s just a general overview of the Birmingham investing market.

I’m literally going to jump over onto a map and just kind of give you a general overview of areas, and I think this will be super helpful for all of you, especially new investors out there that are considering investing in Birmingham.

So pulled up the map of Birmingham here, I’m going to zoom in.

Know The Geography

One of the biggest things about Birmingham that you need to know is just the geography. As you can see, this is actually the city of Birmingham. Obviously, these are the suburbs of Birmingham in and around here.

This is what everyone calls Red Mountain. Now, if you’re from out west, and I’m recording this from out west right now, you will call this a hill but this Red Mountain kind of divides the original suburbs from Birmingham.

Class A Properties

So, Homewood, Vestavia Hills, Mountain Brook are all class A properties. And, you know, you’re going to have a hard time finding properties in there to rent and make them cash flow. But what you will do is find a ton of fix and flips in there.

Class A and B Properties

Heading further south down I-65 you get into Hoover. Hoover is everything from A properties down to B plus. Excellent area, you can find some areas of Hoover where you can rent the house and make it make sense, but a great area for investors.

Down here in the very far south as you go down 65, you have Helena, Pelham, Alabaster. These areas are kind of solid B area neighborhoods where you can find both fix and flip and great rental houses.

Going down Highway 280 right here, if people in Birmingham complain about traffic, this is ‘exhibit A’ of what they complain about.

Down Highway 280 you will find Mountain Brook, which I talked about earlier. You’ll get into kind of the Inverness-Meadowbrook area and that bleeds into Chelsea.

This area was built very recently, so it’s harder to find a good deal, like a fix and flip deal, but they are out there. So there’s probably B to A properties down to 280. But you’re gonna have a hard time finding, they’re not, you know, in droves.

As you move up, you get into kind of areas of Leeds and Moody. These are B area neighborhoods, a lot of fix and flip, a lot of rentals. Trussville’s a great area, very highly populated area. This area you can find everything from B to A class, fix and flip stuff, rental stuff.

Class C to B

One of the hottest rental markets in our city is in this corridor right here. We call it the Center Point Parkway area, 75 as it comes off, runs Center Point, Pinson, Grayson Valley, Clay. This is where you’re going to find C plus to B properties.

And probably, I would venture to say especially 10 years ago was your biggest bang for your buck. Now it’s not a super secret anymore. So, you know, but you could still find great deals. A lot of those houses were built in the ’50s and ’60s, it’s still a great area to invest.

Fultondale and Tarrant are your C to maybe B minus areas. These are obviously big rental markets. Gardendale is your solid B. Gardendale and Trussville are very similar. The demographics are very similar, they both have their own city school system.

Great area to invest in Gardendale, Mount Olive, Graysville, Adamsville, and [inaudible 00:04:08], this corridor is very similar to this corridor. Houses were built to kind of in the ’50s and ’60s. Rents are very similar there and what you will find is that while the houses are the same, there’s just less of them. So great deals there, but once you get past this junction right here it is just straight farmland. So, Graysville is kind of the last stop on the train track, so to speak.

Heading down into Pleasant Grove, Hueytown, excellent areas for investing, a lot of great rental houses. There are some fix and flip opportunities there. You’re looking at solid B neighborhoods.

Now as you get into the city, the low kind of C class neighborhoods run from the northeast in Birmingham. So they kind of start right around here and then they run kind of southwest, down through Midfield, Fairfield. So this is kind of your C class neighborhoods, tons of rental. It’s where most investors kind of cut their teeth in Birmingham.

So that’s a quick overview. I hope it was super helpful. If you have any questions, please call us. Our telephone number is 205-940-6363 extension 3.

If you want to dig into some of these areas, I’m also going to be shooting some videos on the individual areas. But if you have some specific questions, call us up, we’d love to help.

I’m Mathew Whitaker with gkhouses.

For a comprehensive list of investor videos, check our Owner FAQ page and choose the ‘Investor Tips’ tag.

What Is Your Birmingham Property Management Pricing?

Spencer Sutton here with gkhouses. And today, I’m going answer the question, “What is your Birmingham property management pricing?

This is a question we get asked a lot.

Almost every single time someone calls us, they want to know, “What is your pricing?” And it makes sense, right?

So what I’ll do is I’ll describe or I’ll go through the pricing for our three plans: Gold plan, our Platinum plan, and then our Investor plan.

I’ll walk through each of those, features, benefits and then just wrap it up.

And if you have any kind of questions, don’t hesitate to reach out to us.

We’re happy to help, you can reach us by giving us a call, 205-940-6363 extension three, or filling out a form here on the website.

Our Gold pricing plan

So typically, I would say 70% to 80% of the time that we receive a house, it is vacant or somebody’s moving out of the house, so it needs to be evaluated.

The very first thing that we do on any of our plans is we come out and do a full walkthrough inspection.

We don’t charge for this.

There’s no cost for us coming out to your house and walking through the property because what that does is it enables us to give you a report that shows you the house is either rent-ready or it needs work.

So once the property is rent-ready, then we’re able to market it. We’re able to get it out there.

And we are very aggressive with this. We put it on our website, which gets a lot of traffic every month.

But then we put it on multiple websites, things. Zillow, Trulia, Facebook Marketplace.

I mean, we get it out to many, many websites.

The whole goal is to generate traffic to your house and then to lead that traffic into filling out an application.

We know that if we can get several applications, then we’re going to find at least one really well-qualified tenant for your property.

So I won’t go into all the screening criteria, you could…there’s another video that talks all about how we screen tenants.

But once we find that tenant and get them to sign a lease, they pay a security deposit equal to one month’s rent, and then they pay their first month’s rent.

Leasing Fee

So the very first fee that you would see on the Gold Package is going to be called a leasing fee.

That is a one-time fee that we charge for finding that tenant.

We take that fee out of the tenant’s first-month rent and you will see that on your statement.

So the leasing fee, again, is a one-time fee for a brand new tenant.

Monthly Management Fee

Then the management fee for the Gold plan is $89 per month.

It’s just a flat fee. Doesn’t matter if you rent your house for $1,000 a month or $3,000 a month.

The pricing plan, it is what it is. It doesn’t cost more to manage a $3,000 house than it did a $1,500 house. So, why charge more?

In that Gold plan are all of our basic services, we have things like collecting rent from your tenant.

We also communicate exclusively with your tenant so that you don’t have to.

We’re going to ACH direct deposit funds to your account, to your bank account, on the second Friday of every month.

And we also send you an owner statement twice a month.

We will also handle any kind of work orders for you. So if the tenant says something’s is broken at the house, we will send one of our maintenance techs out to take care of that.

So those are the basic services in the Gold plan that you would have access to should you select that plan.

The next plan is the Platinum plan.

So the Platinum plan is kind of like the Cadillac of plans.

It has all the features, all the bells, and whistles. Most importantly, it is guaranteed rent.

So if you worry about a tenant getting in your home and then just not paying rent, and even a very well qualified tenant, this can happen too, right?

So if they lose their job, or if they have a personal crisis of some kind (it can be health-related, whatever the case) if something happens like that and they cannot afford to pay rent, if you’re on the Platinum plan, we will still pay you the same amount every single month.

You will still get rent. And then if we need to evict that tenant, we would still be paying you during those months.

Finally, once we took possession of the property, we would pay you for an additional three months or until we found another tenant for your home. Whichever comes first.

I mean, we’re even paying for the eviction, should it go that far. So we’re paying for court cost, set-out charges, attorney fees, things like that.

There is no leasing fee for this Platinum plan, but the management fee is more expensive.

And it starts at $199 per month, and it moves up kind of in tranches based on how much you rent your house for.

The more you rent your house, the more the management fee goes up.

I think for every $300 it increases, it goes up $20 a month. So again, we have details on that on our Birmingham pricing web page.

Additional Platinum Services

Also, with the Platinum plan, you get some optional services. We come in the home and do quarterly inspections.

So every quarter, we’re gonna come in, we’re gonna change air filters and we will check the batteries in your smoke detectors.

And then we will walk around the property and take pictures and send you a report. And that report is gonna let you know, “This is exactly how the tenant is taking care of the property.”

So also, in addition to that, we’re going to do heating and air inspection twice a year.

And once in the spring and once in the fall, we will perform preventative maintenance on your heating and air system.

Our goal is to keep you from having some type of an emergency call in the winter or in the summer.

That’s included in the Platinum plan. Now, those two additional services, you can add those to a Gold pricing plan if you want to.

They just cost a little bit extra, and on our pricing page you can see how much they cost, but those could be added to the Gold plan if you want to.

Then lastly, we have a lot of investors that buy houses in Birmingham and a lot of out-of-state investors.

The Investor Package

Hence, the leasing fee on the Investor Package is 50% of the first month’s rent.

We do have a minimum on all of our leasing fees of $500.

If you come into Birmingham and you’re buying some low-income property that’s going to rent for $650, that leasing fee is going to be $500. That’s our minimum.

But then we charge 8% management fee ongoing. That 8% is of rent collected, and even there we do have a minimum of $50. So that’s what it is.

It’s 50% leasing fee an 8% management fee, all of the same features that are in the Gold Package.

In Conclusion

That basically explains our three pricing packages for Birmingham, the prices.

Like I said at the beginning of the video, if you have any questions don’t hesitate to reach out.

We’d love to help you.

And also, you know, we’re very, very familiar with all of the Birmingham markets. We were buying and selling houses here as real estate investors from 2003.

We can give you some insight as to how much a property that you’re trying to rent will rent for and then what areas are the best areas to buy based on your goals as well as your risk tolerance. There are areas that are much riskier than others in Birmingham.

So thanks so much.

Give us a call.

We look forward to hearing from you.

In today’s video, we are going to learn where to invest in Birmingham.

Hey everybody, this is Matthew Whitaker with gkhouses with another episode of Where to Invest in Birmingham, Alabama. We’ve already touched on the entirety of Birmingham, but today I wanna zoom in on three specific areas: Center Point, Roebuck, and Huffman, which are very popular investment destinations.

Where is Centerpoint?

Here is my map of Birmingham. Center Point, Roebuck, and Huffman are up and down Highway 75, which is on the northeast side of Birmingham.

And you’ll see Highway 75 right here, that is also called Center Point Parkway. So I’m gonna zoom in on that. Went in a little too far.

All right, so let’s take a look right in here. This right here is kind of the area of Roebuck. Roebuck bleeds into what I consider kind of Huffman and Center Point.

Opportunity

So as you come along Interstate 59, there is a lot of commercial development right here and as you push forward up through here, all of this is residential and it kind of bleeds into the Clay-Chalkville area.

What you will see is this is a heavy, heavy, heavy rental area. There’s definitely some fix and flip going on, but predominantly over the last 10 years, this has been the most popular place in Birmingham to invest just because of the age of the home.

The homes are built in the late ’50s, ’60s. As you start here, like most cities, they grew out, most of the houses in here are built in the ’50s and it bleeds up here through the ’60s, and some of Clay and Chalkville is probably built in the ’70s.

So an excellent area for investing.

What kind of house can you expect?

The reason I like houses built here is they have more modern systems like heating and air conditioning. They have efficient floor plans with closets.

There are a lot of houses, particularly once you get up the parkway, some that have more bathrooms.

So generally you’re talking about one-bathroom homes here, ironically, a lot of one and a half bathroom homes here.

And you get up into here, more modern day two-bathrooms up near as you kind of from Center Point into Clay.

Rental Rates

Rental rates are pretty interesting here. They’ve gone up, continued to go up over the last 10 years.

This area felt the recession back in ’08, ’09, 2010. A lot of investors came in here and bought homes.

And rental rates, you’re talking about typically a two-bedroom, which you can find in here, probably rents in the $650 to $750 range.

As you get up here, if you can find a two-bedroom, you know, you’re talking about another 100, 150 bucks.

Three bedrooms, one bathroom in here are now starting to rent in the $800 to $900 range. As you get up into here, you’re talking about more like $1,000 $1,100. I’ve even seen some as high as $1,300, $1,400.

Challenges

The city of Center Point has started to create a few challenges for investors. They’re cracking down on renovations, wanting to make sure people get building permits.

So I think it’s important to abide by their codes, make sure that you talk to the city of Center Point if you’re going to invest there. There are some fix and flips that go on in here.

I think that the majority of them I would say sell now between the 120s and maybe as much as $200,000, $220,000. Again, just a great house built in the ’50s, ’60s, and ’70s.

And the other thing I would say is that we started using the air conditioning back in the ’60s and ’70s, so you’re talking about the efficient floor plans which help out.

So I hope that was helpful. If you have any other questions we’d love to talk to you. Our Birmingham office is 205-940-6363 extension 3.

And we would love to talk to you about your investment plans and see if that’s something we can help out with. I am Matthew Whitaker with gkhouses.

Do you allow dangerous pet breeds in Chattanooga? 

Alex Smith here from gkhouses, Chattanooga, with another edition of “Questions Owners Ask.” Today’s question is “Do you allow dangerous pet breeds in Chattanooga?”

Short answer? No.

Our list of prohibited dog breeds includes but is not limited to: German shepherds, pit bulls, American pit bull terrier, American Staffordshire terrier, Staffordshire bull terrier, doberman pinschers, rottweilers, chow chows, akitas, Siberian Huskies, malamutes, and a partridge in a pear tree.

This list comes from our gkhouses insurance policy. Your homeowner’s insurance policy likely has the same breeds listed, especially if it’s geared towards renters

You could potentially bypass these restrictions if you wanted to do so.

If a tenant wants to rent with one of these breeds, we request approval from the owner. We also require a $300,000 insurance liability coverage with the owner listed as additionally insured. This would be in addition to the standard pet fee requirement. 

The decision to allow a dangerous breed is 100% up to the owner. 

If you want to rent to someone with a dangerous breed, check your homeowner’s insurance policy for such a clause.

If you have any other questions, feel free to reach out to us! We would love to talk to you!

Rent My Home In Birmingham AL

As you can imagine, we get this question a lot, ‘I want to rent my home in Birmingham AL – What do I need to know?’

What’s up, everybody? Matthew Whitaker here doing another “Questions Owners Ask.”

Today’s question is “I want to rent my home in Birmingham AL, what do I need to know?”

The first thing I would say is how important it is to find a good tenant.

At the end of the day, if I had to tell you one piece of advice, it is so imperative, find a good tenant.

So everything that goes with finding a good tenant like screening that tenant, making sure that tenant has fulfilled their obligations in the past, maybe even driving by some previous houses that the tenant’s lived in.

I mean, you need to do a good job, especially if you only have one house, of screening the tenant.

I would go over and above on this unless you’re like us and really used to screening tenants. We know what to look for. We even have certain algorithms that we work with, a company to help us find good tenants.

You may not be able to have access to these algorithms. You’re going to have to do some work on the front end to make sure that you’re getting a good tenant.

The second thing I would do is make sure that your move in inspection, that you’re doing a good job on it.

Because the last thing you want is for the tenant to destroy something or make a hole and you don’t have a good move in inspection report to go back to.

A judge is not going to look kindly on that if you have to go after them in court. If you don’t have kind of before pictures to take a look at it will not go well for you.

So do a good move in inspection. Hopefully, that won’t happen but it’s always important to have a good move in inspection.

The next thing I would say is, do a good job keeping up with your accounting.

You have, income, you have expenses, I mean, these are things that are going on your tax return. It’s so important that you keep up with every dollar you spend and every dollar that comes in.

This becomes a business when you start running houses. We’re able to keep up for that for our owners in our accounting software.

So at the end of the year, we’re able to give our owners report that basically breaks all this down. However, if you’re doing it on your own, you need to make sure that you’re keeping up with the accounting.

And the last thing is to keep good tenants in houses, you must get repairs done quickly.

The number one reason that tenants move out of houses is that the repairs aren’t being done really quickly.

And I just think it’s so important to keep good tenants in there and you don’t want them to move. I mean, the way to make money in this business is to keep good tenants in your house long term.

I’m Matthew Whitaker and this video answered the common question – I Want To Rent My Home In Birmingham AL – What Do I Need To Know?

I hope this was helpful.

tenant security deposits in Birmingham

We receive a lot of questions about tenant security deposits in Birmingham.

The main one is about how long a landlord has before it should be paid out.

In this video, Matthew will talk about the tenant security deposits in Birmingham and what you need to know.

What’s up, everybody?

Matthew Whitaker here with another Question Owners Ask, and this question is specifically for Birmingham, Alabama.

In Birmingham, Alabama, how long does it take or how long do I have to get a tenant security deposit back to them? 

So, this falls right in line with Alabama landlord-tenant law.

It’s very important that you abide by that law.

Just because you don’t know it exists or don’t know what’s said in it does not mean under any circumstances you can’t abide by it.

In Alabama, it used to be 30 days, now it’s 60 days.

So, you need to have a postmarked disposition letter and check if there is one or at least an accounting sent to the tenant within 60 days, and it needs to be postmarked by them.

It needs to be sent to the last known address.

So, if your tenant didn’t give you a forwarding address, you need to send it to the property address.

And If the tenant did give you a forwarding address, then you’re required to send it to that address.

So, that’s it. That’s Questions Owners Ask. This is Birmingham, Alabama.

If I have a tenant in Birmingham, Alabama, how long do I have to get that tenant back their security deposit after they move out?

flip houses in Birmingham AL

We meet a lot of investors who want to flip houses in Birmingham, AL.

In this video, Matthew Whitaker will walk through the best places to flip houses in Birmingham, AL.

What’s up everybody, Matthew Whitaker here, another “Questions Owners Ask.” Today’s question is “Where should I look if I want to flip houses in Birmingham AL?”

Well, that’s kind of a loaded question but I’m gonna give you two or three areas that I think are kind of depending on your budget and depending on your risk tolerance where I would look at investing.

Over The Mountain

The first place is what I call “Over the Mountains,” This kind of the Hoover, Homewood, Vestavia, Mountain Brook area.

These are the more expensive homes in Birmingham and they are south of Birmingham, so there’s like a mountain that’s just south of Birmingham.

If you’re from Colorado or somewhere that actually has mountains this is what we call it. And south of the mountain is what we call Over the Mountain. That’s where the big more expensive homes are.

Northeast

The second place I would focus on to flip houses in Birmingham AL is the northeastern side of town. That’s the Center Point, Roebuck, Huffman area.

These are where you can get really good deals and there’s still a lot of retail buyers. So you can buy a house, it’s a lot more reasonably priced and you can get a house there.

Northwest

The third place I would look to flip houses in Birmingham AL is probably a little bit less known area. It is Adamsville and Forestdale. I think that there are some really good deals here.

There’s not as much density of houses there but you still have a ton of retail buyers and ton of people that are looking for houses. So this is a good place to fix and flip a house.

That’s it. Matthew Whitaker, “Questions Owners Ask.” I hope this is helpful. I’m with gkhouses.

What’s up everybody? I’m going to do a video, tell you on questions owners ask.

What industry is Birmingham, Alabama mostly made of? In other words, what industry drives this city?

And so, there’s really two industries I wanna talk about. The first one is the biggest, which is UAB, University of Alabama at Birmingham.

It has obviously a med school and then there’s obviously a University, and then there’s a hospital as well.

So, that is the biggest industry that drives Birmingham.  It used to be a steel industry, but now it’s a medical industry.

The second thing is banking. It used to be a much bigger banking hub, but it’s still a really large banking hub as a result, of course, there’s a lot of consolidation of banks back, you know, 10 or 15 years ago.

Now, you’re talking about the same people are here that are starting new banks. So banking is a huge industry in Birmingham. So, that’s it.

That’s what drives the industry in Birmingham, Alabama.

I’m Matthew Whitaker, with Gk Houses.