All Forum Posts by: Audrey Ezeh

I use everlance. It is free and works just the way Eric F. describes mileIQ. If I'm not happy with the way a trip had been logged, I delete it and manually log it. I don't like having to classify every single trip i take when i drive but other than that..it is a great app.

Thanks so much @Patrick Liska. That is excellent advice and it is very much appreciated!!

 Mmm that's something to think about. This is an inherited tenant. I'm finishing up rehab on the other unit and will be screening tenants soon so that's something I'll have to consider. Thanks!

Thanks for the insight guys!!

 If the place it's truly turnkey then there should not be any immediate repairs needed. Do you know the remaining useful life for those big ticket items you mentioned? Anything can happen for sure but if you have the stomach for some risk then what i would do is to take absolutely no cash flow for a year. If you manage this thing yourself then take that 10% PM, 10%capex, 10% maintenance, 5%vacancy and your cashflow and stick it in a bank account and you should have a sizeable balance at the end of the year. I'd also put it on a 30yr mortgage to maximize cash flow.

Like I said, depends on your risk tolerance but that sounds like a pretty good deal to jump in on. Good luck!

Hi everyone,

My M2M tenant just informed me he went to court on Monday and now has to pay $476/month for child support. Rent is $450/month. He said he just wanted me to know things might get tight. I said I'm sorry to hear that and i hope it works out. Good thing you are on m2m and can just give notice if things go south. Also told him to keep in mind late fees are expensive and will add up quickly. I was basically letting him know rent is a priority for me and should be for him as well. I hope I handled it well. I'm wondering going forward, is it ok to ask about child support obligations etc when screening. Even if they make 3x the rent? Thanks BP fam!

Very true! Thanks for the feedback :)

@Chris Mason Haha I know right? The whole thing smelled fishy which is why I posted here. I dug in a bit more and the company is owned by a guy named Collin Alekanekelo Retziaff. Facebook page looks all kinds of sketchy :) Anyway, thanks for posting! Love the humor!

Hi everyone, I was just browsing my local craigslist and I ran across an ad from Hubris Capital. Apparently they are brokers that help with finding private/hard money. They offer rates as low as 5.99% with up to 100% financing (I know those are probably more exceptions than their average funding terms). I did a search on this site and surprisingly had no hits. Anyone heard of them or used them? 

I am methodically working my way through the podcasts starting from number 1 and I am currently sitting at podcast #38. But when I saw the notification that the legend was on this week I knew I had to skip ahead. It didn't disappoint! Thanks so much for the great wisdom. I'm particularly impressed by the fact that you've done so much but you still take the time to hang out with us on these forums. We are all better for it and I am personally grateful. My only wish is that they talked to you more about aviation...I am very fascinated by it! Thanks again @Jay Hinrichs!