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All Forum Posts by: Carl Hebert

Carl Hebert has started 11 posts and replied 231 times.

Post: Property Insurance Maine

Carl HebertPosted
  • Rental Property Investor
  • Auburn, ME
  • Posts 236
  • Votes 140

I have been using Allstate and the rates have been really good. I have landlord policies on all my buildings. 

Post: July Meetup - Lewiston / Auburn - Central Maine / Androscoggin

Carl HebertPosted
  • Rental Property Investor
  • Auburn, ME
  • Posts 236
  • Votes 140

@Bethany Turon thanks again for setting this up! 

Post: Lewiston / Auburn // Central Maine Real Estate Meetup

Carl HebertPosted
  • Rental Property Investor
  • Auburn, ME
  • Posts 236
  • Votes 140

@Chelsea A., connect with @Bethany Turon as she set this last one up and will be posting the next one. 

Post: Lewiston / Auburn // Central Maine Real Estate Meetup

Carl HebertPosted
  • Rental Property Investor
  • Auburn, ME
  • Posts 236
  • Votes 140

Was a great turnout for our first meetup in Lewiston/Auburn. 
There is a lot of interest in central Maine. 

Post: Proposed new bill in Maine to not allow evictions until 90 days..

Carl HebertPosted
  • Rental Property Investor
  • Auburn, ME
  • Posts 236
  • Votes 140

Didn't this bill fail?

Post: Lewiston / Auburn // Central Maine Real Estate Meetup

Carl HebertPosted
  • Rental Property Investor
  • Auburn, ME
  • Posts 236
  • Votes 140

@Bethany Turon thanks for putting this together!

Post: How does one buy 100 of properties under a llc or personal?

Carl HebertPosted
  • Rental Property Investor
  • Auburn, ME
  • Posts 236
  • Votes 140

I started off by buying in my personal name and even after I formed an LLC I still bought properties in my name for the better financing. I then wanted to pull out some well gained equity and rolled all my mortgages into one loan under the LLC. The unexpected bonus was my personal credit got a boost and I no longer had any long term debt personally. The LLC loans and lines of credit no longer affected my personal credit.

Post: Best Way to Find Responsible Tenants

Carl HebertPosted
  • Rental Property Investor
  • Auburn, ME
  • Posts 236
  • Votes 140

@Corazon B. I list the address of the unit. Would you want to rent a place and not know where it is? If someone wants to take the time to break into an empty apartment and take the fridge I have insurance for that. :)

Post: Best Way to Find Responsible Tenants

Carl HebertPosted
  • Rental Property Investor
  • Auburn, ME
  • Posts 236
  • Votes 140

@Corazon B. Hi Corazon, I used Facebook Marketplace, Craigslist and Apartments.com for my last rental here in Cape Coral. Had plenty of applicants. 

In the future I will post to those and also use the syndication feature available to me through RentecDirect. 

Also if you plan on renting to people who are on section 8 you can get a hold of the Lee County Housing Authority as they are always looking for places and they currently have a bonus (I believe it is still available) if you rent to someone who has section 8.

My places up in Lewiston, Maine are almost always rented through Facebook Marketplace. 

Post: Mini slip heat pump as primary heat source?

Carl HebertPosted
  • Rental Property Investor
  • Auburn, ME
  • Posts 236
  • Votes 140

HI @Chris Cogan, there should not be any issues with having mini splits as a heat source. It is becoming quite common in Maine to have for your main source of heat. 

I would look at keeping the heater you have there also, unless it is so unsightly you feel it negates the security of having a back up heat source. If you are renting it out you could just have the tenant know that it is part of the heat system as a backup.