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All Forum Posts by: Bryan Feltman

Bryan Feltman has started 4 posts and replied 26 times.

@Mary Mitchell I assumed his tenant was requesting to pay via credit card because people want benefits from their card’s reward program but they don’t realize the charge back process doesn’t make it worth it. We offer a credit card option but there is a 2.5 to 3% charge back based on the amount they pay. Rent in So Cal is high so you can imagine the CC fee. It’s only a good option if someone falls on hard times and can’t pay rent and they see themselves getting into better financial times in near future .

Post: Best REI Accounting Software for Multiple Properties?

Bryan FeltmanPosted
  • Property Manager
  • San Diego
  • Posts 26
  • Votes 9

Not sure how big your portfolio is but you can look at Realpage products.  I'm sure there are better priced options that would meet your satisfaction.  I believe there is a lot of feedback on here about this exact topic.  Did you search RE softwear on here?

Post: Property Management Agreement/Utah County

Bryan FeltmanPosted
  • Property Manager
  • San Diego
  • Posts 26
  • Votes 9

All of these things can be negotiated.  If they do not want to bend on anything or adjust language to make you more comfortable you should get some referrals of PMs that have been performing.  Get two other PMAs and compare.

Step #1.  Set up an approval process where everything is written moving forward.  Meet with your PM in person if you can and build a relationship.  You will quickly know if it is a relationship you want to keep or not.  Remember the PM works for you and they should act like it.  Not sure what they can or cannot charge for as I dont know your Property Management Agreement.  Do you guys have a PMA?

Post: Is there anything I can do?

Bryan FeltmanPosted
  • Property Manager
  • San Diego
  • Posts 26
  • Votes 9

If you can spare some time volunteer for a RE agent on weekends to start getting experience with RE transactions.  Attend Meet Ups, network and work for free to help as many RE people as you can.  You will eventually meet someone in your area that you click with that will help guide you.  You have a LOT of time so no need to rush into anything but house hacking is the best way for you to start.  Very smart!

Post: Renting to guarantor

Bryan FeltmanPosted
  • Property Manager
  • San Diego
  • Posts 26
  • Votes 9

The goal is to have a screening process that takes your gut feeling out of it.  Too much work to deep dive into all your leads.  Not sure what state you are in but if allowed do a credit check, criminal background check, verify income to be 4-5 times monthly rent ( my opinion ) and verify ID.  Also have a solid application that asks important info and you should also do a rental verification when possible.

Post: What are the cons of having a RE license as a RE investor

Bryan FeltmanPosted
  • Property Manager
  • San Diego
  • Posts 26
  • Votes 9

@Scott Passman thanks!

Post: What are the cons of having a RE license as a RE investor

Bryan FeltmanPosted
  • Property Manager
  • San Diego
  • Posts 26
  • Votes 9

@Mark Pedroza thanks Mark!

Post: What are the cons of having a RE license as a RE investor

Bryan FeltmanPosted
  • Property Manager
  • San Diego
  • Posts 26
  • Votes 9

@Michael Noto thanks for the feedback.

Post: What are the cons of having a RE license as a RE investor

Bryan FeltmanPosted
  • Property Manager
  • San Diego
  • Posts 26
  • Votes 9

What are the cons of having a RE license as a RE investor.