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Updated over 7 years ago on . Most recent reply

Scott Taylor's profile image
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Scott Taylor
  • Investor
  • from Oakland, CA
  • Member since May 1, 2016
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Scott Taylor's profile image
Scott Taylor's profile image
Scott Taylor
  • Investor
  • from Oakland, CA
  • Member since May 1, 2016
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Scott Taylor
  • Investor
  • Oakland, CA
16
Votes |
57
Posts
Tax Liens & Mortgage Notes

Custodian for RE Notes

Scott Taylor
  • Investor
  • Oakland, CA
Posted

How and where do you store your notes?  Do you put it in a fire-proof safe or use a document custodian?  

I've talked to one company but they charge $70/mo which seems on the high side.

Who do you recommend?

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Adam Adams's profile image
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Adam Adams
  • Investor
  • from Small Town, Texas
  • Member since Mar 9, 2016
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Adam Adams's profile image
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Adam Adams
  • Investor
  • from Small Town, Texas
  • Member since Mar 9, 2016
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Adam Adams
  • Investor
  • Small Town, TX
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Adam Adams
  • Investor
  • Small Town, TX
Replied

I do not like the custodians that I have encountered. They nickel and dime you to death and don't accomplish much.

Fireking fireproof filing cabinets. Mine is a 2 drawer and holds about 50 notes. Just about ready for a 2nd one. You can get a 3 or a 4 drawer cabinet. Check the weight. Mine weighs 300 pounds. I don't know if I could have put the 3 drawer in my basement.

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