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Updated about 9 years ago,

User Stats

603
Posts
130
Votes
Adam Craig
  • Investor
  • Cleveland, OH
130
Votes |
603
Posts

escrow or pay on my own?

Adam Craig
  • Investor
  • Cleveland, OH
Posted

All of my properties are currently set up to pay tax/insurance through escrow.

My new portfolio lender who does commercial loans said they typically don't do escrow on the commercial side but they can do it if needed. He made is sound like its not what they want to do but would.

I have 12 properties and for me, escrow is easier with 1 monthly payment. 

What is involved paying tax/insurance on my own, specifically taxes. I know they are due every 6 months, will I get a notice in the mail when they are due? Can I set up up as a monthly payment instead?

Not sure how much more leg work it will be without escrow....

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