All Forum Posts by: Brian Dickerson

@Drew Kai

Just wanted to update this for people who read it in the future. Eastman charged the wrong rent amount to our tenant for about Six months when the lease clearly showed the correct amount. They are not good about staying on top of tenants who are late on rent (or needing to be evicted).

The maintenance department is terrible.. overcharged for small jobs, did work that wasn’t really needed to inflate the bill, and charged for work that didn’t even happen. There were also significant issues (such as furnace not working ). That the maintenance guy knew about and never even mentioned to us because he knew we didn’t want him to do the work.

Just wanted to update this for people who see this in the future.  I do NOT recommend eastman PM anymore.  Especially for properties where the tenants need extra attention such as Maplewood area.

I used eastman for a year and just switched. Do not recommend them.  The owner is a great guy...however he isnt the one running the day to day operations and maintenance.  

@Alex Jones  Can you please send me the info too ?  Thanks!

In the deals I have done...as long as there is an inspection contingency (giving you an out to cancel the contract during this period), then the door is basically open to this being possible.  It never hurts to try and I would not say it is in bad faith if an inspection contingency is in the contract.

This article by @Brandon Hall  seems to be claim differently.  Curious of his input on this!

Hey all,

First time self managing. We are renting to a single mother and her 3 kids. The oldest kid is 19 so we required him to be on the lease.

She is now asking for the son to be removed from the lease because he’s joining the army and being stationed elsewhere. Coincidentally, she’s late on rent this month and last month.

Is there any risk you see in removing the son from the lease? I feel like it’s not like he really has something we could come after even if they weren’t paying, but at the same time don’t feel comfortable doing it when the rent has been late the last two months. Thoughts ?

With management and proper vacancy/capex/repairs reserves, I'm still unsure how people make a profit on a 1% on SFH's (unless you're doing a BRRRR where you have little to no cash left in the deal after refi). 1% is attainable in central/northern FL. We won't look at a deal unless its 1.3% +

It can be misleading though if you aren't familiar with the area.  Our properties in NY are over 2% deals if you're only looking at purchase price and rent.  But wait til you see the property taxes up there!  

Still available?

Hi guys,

We are looking to acquire some properties in NY using a conventional mortgage.  After closing I want to quit claim the property to a trust.  I know NY isn't a state that officially recognizes land trusts, but Florida is.  Can I use a FL land trust to hold the NY based properties?  IF not, what is the best way you'd recommend to create some asset protection here?