All Forum Posts by: Alan G.

Scott, Remove the front screen door and leave it off. If it's not there they can't break it. I've had to many of these doors broken over the years so I generally take them off when we first buy a property. If a tenant asks for one , we will use it as a 1 year lease resign incentive. If we put one on and then they break it, we replace and bill the tenant. We NEVER let a tenant take care of maintenance issues themselves.

Keep searching. There are many banks out there but they will considerate it a commercial loan. You will still need to sign personally though. All of my properties are kept under LLC's but it took me awhile to find that special bank (or credit union) in my case that would do the loans.

I found that credit unions have been much more receptive. I have personally used Philadelphia Federal Credit union's commercial department for many deals and they have been amazing.

Nick, they will come back to the return address printed in the post cards.

I have multiple mortgages and most are blankets. I write several mortgage checks each month from the llc that owns those particular properties. Quickbooks makes it easy for me to break down each payment for a specific property as well as allocating towards principal and interest. Nancy, that was a great reply. I love using Quickbooks. Doing p/l per property by class is just so simple.

I have multiple mortgages and most are blankets. I write several mortgage checks each month from the llc that owns those particular properties. Quickbooks makes it easy for me to break down each payment for a specific property as well as allocating towards principal and interest.

You don't need a separate account for each of your properties, just based on the ownership. I have multiple properties in separate LLC's, and each LLC has its own bank account. (so 10 properties in 1 LLC, one bank account). Each LLC is treated as an individual business.

I also have a separate management company as an LLC. This one I have two accounts. One for collecting rent and one to house security deposits. This way, no matter which company owns properties, the tenants all pay to the same LLC, (management LLC).

Once a month I do a distribution to the ownership LLCs for rent, minus the management fee of course. Keep in mind, I own all the LLCs.

Hope I explained this correctly. Quickbooks makes it extremely easy to do this.

David, its not a stamp. You just need to have that line printed on the postcards either directly under where you place the stamp or under the return address

Good luck

If you want the post cards to come back, just place "Address Service Requested" under your return address or under the postage that you add. There is no charge to do this on post cards as long as they are sent either first class or first class presort. You will pay for each return if something is mailed "standard class" or what used to be called Bulk Rate. 

There is no standard class rate for post cards under 4.25"x6".