Residential Property Management/Expert Profile

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I can answer basic beginner questions like "How do I get started buying my 1st rental property" and "What to look for when taking an application on a tennant." "Here`s what capital I have to work with -- what are my options?"

Experience in the area

I started purchasing rental properties in 1995 with my husband, part-time, while working a full time job. We started with very little seed money. One year we purchased 11 single family units. Recently we bought 5 properties in 2 months. We purchased our 1st small apartment building in 2004. I am now managing our units and doing property investing and management full time.


My Husband and I have written a book for the new real estate investor, "Weekend Warrior's Guide to Real Estate Investing", published by Tate Publishing. Can be purchased from or Have been published in Real Profits by Carlton Sheets and Discount Buyer's Association monthly magazine.

What do you like about this subject?

I love looking at houses. The new, the old, the good, bad and the ugly. There are limitless ways to get creative and do a deal. If you want to be in this business -- there's a way! Go for it!

What do you still hope to achieve/learn in this field?

We are building our own real estate seminar training course and began giving presentations in early 2006. We sell private coaching. (Email for more information.) Check out our new book "The Weekend Warrior's Guide to Real Estate." Our goal with our rental properties is keeping tenants longer, collecting rents timely and easier and at the same t

Something interesting about this subject that others may not know:

You can invest your own IRA or 401K money into real estate. In some cases the gain is absolutely tax free! Really!

Something controversial or provocative about this subject

The horror stories that you hear about tenants tearing up a house do happen, but they're rare. Screening up front saves a lot of headaches later.

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Frankie02/27/13101010Thank you kindly.
S. Mahabir02/25/13101010 

Recent Answers from Stefani Nachatilo

2016-06-12 condo:

Normally condos have some kind of operating board of directors.  Document the mismanagement and attend the next board meeting to discuss.  You might visit with some of the other owners and see if you are

2014-06-16 Lease:

You can definitely use the old lease.  You can copy and write in the changes or retype the entire content.  As long as the writing is legible, there are no rules on how the lease must look - the content

2014-06-06 Lease Question:

Hi Sam -- first, you will have to look at your contract with the realtor.  There may be a clause in there that if you renew a 12 month lease with the current tenant, you will owe him some sort of fee.

2014-04-16 Escrow deposits:

Hi Stacy.  Any forfeited deposits are definitely income to the owner.  If you are using qickbooks, you can still write a check from your deposit trust account straight to the owner and the bookkeeping

2013-11-30 Beginner question:

Hi Briana -- I would contact your local real estate association and ask or call your local schools.  In Oklahoma where I live, we have a school that has all kinds of ways to get a license.  You can take


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