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All Forum Posts by: William C.

William C. has started 8 posts and replied 36 times.

The call is totally up to you, but I too would advise against using Co-Signer's. I don't let anyone into my rentals who can't qualify on their own merit. Some very good points made above. I would also add that I try to avoid renting to current tenants friends or relatives like the Plague. Particularly so if they are going to be in the same building. If you end up having an issue with one of the set's of tenants, there is a very high probability you may end up having issues with the others as well, as they will tend to stick together and give moral support to one another, regardless if they may be in the wrong.

Additionally, if you ever end up having to evict one set, the other set of friends or relatives may well leave on their own, now leaving you with 2 vacancies to fill instead of one.

This is just my policy and how I view it, I'm sure others may have a different view.

Bill

@John Van Uytven @Daniel Ryu @ Thanks guys, appreciate the info and the tips.

@Dawn Anastasi @Brent Coombs Thank you Dawn & Brent. But that's the issue I'm having, the green up arrows below the profile pics are not visible on my screen. It may be something with my settings but I haven't been able to figure it out.

@Dawn Anastasi

@Brent Coombs

Thanks Michael, but when I hover my cursor over someones name it only displays their # of posts (as in 13 below) and their # of votes to the right of that (as in 12 below). The word "votes" below that with the arrow above it does not appear on my screen.

I feel pretty stupid asking this, but I no longer see an App on my computer screen to vote for someones post with this new site format / layout. Am I missing something? Can someone enlighten me?

Thanks,

Bill - The Tech challenged one!

Post: Keys to your rental properties

William C.Posted
  • Virginia
  • Posts 37
  • Votes 22

I've set up my Rentals using a Master Key / Lock system through LandlordLocks.com. You initially have to buy the locks from them but they are quality Locks, and very reasonably priced. The way they set you up is with a Serialized Number for all your locks. The Cylinders on their Locks are removable and easily replaced with a differently keyed one whenever you want to change them. So the locks stay on the home and you only have to replace the cylinders to rekey them, which only takes a 1/4 turn of a special Key they provide you with, and the new cylinders pop right in the same way (it only takes seconds).  

They give you a Master (Entry) Key, Master Control Key (for changing out cylinders) when they set you up initially, along with 2 Tenant Keys for each set of locks you order. Each set of locks (i.e. 2 Door Knobs & 2 Deadbolts or, whatever you order) will have a reference # for the Tenants keys (your Master key will also allow access).

When a Tenant is moving simply order new cylinders, pop the old ones out and pop in new ones. Cylinders are cheap like, $6 or $7 IIRC. Once you have the locks and some differently keyed cylinder sets, you can just play Musical Cylinders (if you will) whenever a tenant leaves. I made a spread sheet to keep track of which properties the locks were on, Tenant at the time, etc..

It sounds a lot more complicated than it really is. If you visit their website you'll see how easy it is.

Hope this may be of some help.

Bill

I've been a member here for about 3 yrs. or so now and really haven't participated much. Mainly, I would just look in from time to time and get a general feeling of what's happening in the REI world. I've owned and managed a couple of Rental properties for many years, and (for a number of reasons) just recently decided to persue expanding my Buy & Hold Portfolio, as well as some other areas of REI.

Anyway, after watching a recent Webinar (How to Make Six-Figures a Year with Fixer-Upper Rental Properties) here on BP I decided to Upgrade my account to Pro as a Miniscule way of giving something back to a community that gives so much to its members.

Aside from getting a GREAT discount on my Pro Upgrade from upgrading through the Webinar, I'm astounded at the value of products and resources this site has to offer, and the quality of the content they contain. Not to mention the quality of information shared by the members here! 

Just having access to the many Calculators here is worth the price of my Pro Upgrade, IMHO, let alone the free books, hours of Summit videos, member contributions, networking opportunities ... I could go on and on. I've purchased and read quite a few REI books and courses over the years and the content in just the FREE books alone offered here on BP is as informative as any, and more so than many.

Again, I just wanted to show my appreciation for such a wonderful resource that we ALL have at our fingertips, and say a special Thank You to Josh, Brandon, and everyone who contributes to this site, making it what it is.

I apologize if this is not the appropriate place to post this, so Mods please feel free to move it if necessary.

Best Regards,

Bill  

@Isaac Blocher 

Thank You Isaac, I appreciate the info.

Bill

@Kyle J. @Mindy Jensen,

I guess IE was the problem. I switched to Chrome and it worked like a charm.

Thank you both for the help!

Bill

I'm having a problem accessing search results on the forums. When I search a topic sometimes there are several pages of results, however, I'm only able to open the result topics on the first page of replies. For some reason I can't open any subsequent pages of replies to the topic search. i.e. I can only open page 1 topic results, and not page 2, or any other pages in the replies. Nothing happens when I click on page 2, or, subsequent pages.

I've tried refreshing my browser but that doesn't work.

However, when just browsing through the forums I don't have any issue accessing any subsequent pages in topics. Just wondering if I may be doing something incorrectly to access these pages in search topic replies?

I'm using Windows 7 and IE if that may be of any consequence.

Disclaimer: I'm not the most computer savvy person around :-(

Appreciate any assistance you may have to offer.