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All Forum Posts by: Ali L.

Ali L. has started 12 posts and replied 115 times.

Post: Payment arrangements for handyman

Ali L.Posted
  • Investor
  • Brooklyn, NY
  • Posts 115
  • Votes 29

Thanks for sharing @Rori Stumpf. All very useful information. What did you use for timesheets? An app? Spreadsheet? paper system?  

Post: Payment arrangements for handyman

Ali L.Posted
  • Investor
  • Brooklyn, NY
  • Posts 115
  • Votes 29
Originally posted by @Deanna McCormick:

Either pay as you go or pay every 2 weeks for billing he submits.. If you have a good guy I'd keep up with how ever he wants and NEEDS to be paid,, next guy could be hard to find and cost more.. He's not an employee, so he should bill on every completed service call. 

 Thanks Deanna. I wanted to pay consistently but see the logic in paying after every service call 

Post: Payment arrangements for handyman

Ali L.Posted
  • Investor
  • Brooklyn, NY
  • Posts 115
  • Votes 29
Originally posted by @Account Closed:

When you say he is on call, do you mean that your tenants contact him directly? How many units is he working on?  Just curious.

 I always schedule directly based on repair calls. On call meaning I call him when there's a repair need. Working on 6 units. 

Post: Cozy vs TurboTenant

Ali L.Posted
  • Investor
  • Brooklyn, NY
  • Posts 115
  • Votes 29

I also like that I can add charges to Cozy. For instance, I charged a tenant for a ticket and she was able to pay with monthly rent

Post: Payment arrangements for handyman

Ali L.Posted
  • Investor
  • Brooklyn, NY
  • Posts 115
  • Votes 29

Hi y'all. Seeking best practices/suggestions on compensating handyman. This pro is on call for routine repair/maintenance work like replacing light fixtures, repairing stairs etc. Goal is to provide consistent income (although work is unpredictable) so my jobs are prioritized and reduce admin headache of making small payments after every job. How are others handling this? 

Post: What percent of my cash flow should I set aside for the tax man?

Ali L.Posted
  • Investor
  • Brooklyn, NY
  • Posts 115
  • Votes 29

I agree with 30% max. Good news if you set aside too much you then have $$$ for next purchase ! Keep in high yeild money market account. 

Post: Hello from Toronto, Canada

Ali L.Posted
  • Investor
  • Brooklyn, NY
  • Posts 115
  • Votes 29

Looking forward to hearing about your successes in the #416! 

Post: NY/NJ Affordable neighborhoods for new investor

Ali L.Posted
  • Investor
  • Brooklyn, NY
  • Posts 115
  • Votes 29

BedStuy isn't for people starting out or looking to earn quickly. 2 years ago people were also saying BedStuy was 'super dangerous' too........

Post: NY/NJ Affordable neighborhoods for new investor

Ali L.Posted
  • Investor
  • Brooklyn, NY
  • Posts 115
  • Votes 29
Originally posted by @Steven Greenhill:
Originally posted by @Ali L.:

Bronx anywhere near Yankee Stadium like Morrisiana and even further out like Pelham. Brooklyn in Crown Heights, Brownsville, ENY

 Brownsville and ENY are super dangerous still... wouldn't risk it... Bed-Stuy is perfect though

Post: NY/NJ Affordable neighborhoods for new investor

Ali L.Posted
  • Investor
  • Brooklyn, NY
  • Posts 115
  • Votes 29

Bronx anywhere near Yankee Stadium like Morrisiana and even further out like Pelham. Brooklyn in Crown Heights, Brownsville, ENY