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All Forum Posts by: Atul Mohlajee

Atul Mohlajee has started 74 posts and replied 280 times.

Post: Has anybody dated a tenant?

Atul MohlajeePosted
  • Oak Park, IL
  • Posts 284
  • Votes 111

Great point.

Post: Has anybody dated a tenant?

Atul MohlajeePosted
  • Oak Park, IL
  • Posts 284
  • Votes 111

Has anyone had experience with having observed some other landlord dating a tenant?

Post: Has anybody dated a tenant?

Atul MohlajeePosted
  • Oak Park, IL
  • Posts 284
  • Votes 111

Has anyone dated a tenant? No harassment but mutually agreeable. Maybe Trump has but I am curious asking regular landlords in this forum.  Please describe how it went?  Thanks.

I have a well paying W2 job that I love to do .  However, I do Real Estate as a side gig.  This helps me pay for my kids college, and all of what my family needs, as well as some of what my family wants as well.  It increases my savings rate because all that I make from Real Estate is extras that I donot need to live on. 

My furthest one is 16 miles and that is my top limit.  Majority of my rentals are at 2 mles or less.

Post: llc's. To make an LLC or not? Currently 23 tenants overall.

Atul MohlajeePosted
  • Oak Park, IL
  • Posts 284
  • Votes 111

Thanks everyone who replied.  I am amazed at the knowledge of RE professionals here as well as their willingness to help with their great advice.  

Post: llc's. To make an LLC or not? Currently 23 tenants overall.

Atul MohlajeePosted
  • Oak Park, IL
  • Posts 284
  • Votes 111

Advantages/disadvantages of LLc,s

Thanks 

Kerry Baird.

I get my ratio of pending loan balance to total proposed value of all rental properties to be at 60% leverage.  i.e., 60% is still pending loan, and 40% is paid off. 

I would appreciate any input on this.  Also, how much leverage do you consider to be safe in recession/correction etc.?

How do you calculate leverage on existing portfolio as I have 11 rental properties?  Is it cureent debt/total buying price of all properties or is it current debt/current total value of all properties?

Thanks.