All Forum Posts by: Chantel Gaaskjolen

@James Hamling. Thank you.  I just reviewed BP documents and the lease is dated 2020. I assume I should not use that template.  Any idea where a current MN Lease template would be?  

Thank you so much!

I have a tenant whose lease is coming to an end.  She would like to sign for another year. No changes (rent the same, etc).  Would I just have an addendum for the additional 12 months?  Does anyone have an example/template?

Thank you Greg.  

Thank you James......your words of wisdom are more where my mind was/is. REI is new to me as mentioned, my decision was cash on my first two residential properties. I have some larger commercial property development that I may consider/require a loan.......My end goal is $12,500 month cash flow, which my money in the bank will not produce. Thank you, I appreciate your feedback.

Thank you, i just viewed Rentec and it seems like a great option.  I appreciate your time.

Hey Jarrod, I have used QB in other business' and of course love QB.  The little I have used RentRedi, I am not sure it could handle that. RentRedi is included in your BiggerPockets membership. RentRedi is very active on their online chat, you could certainly chat with them.  Customer service with RentRedi is great, just a handful of things I am not excited about so far and I am only at the listing my property stage.  Hopefully others who have some experience share...............

Hello, I have my first property and plan to add 2-6 properties this year and additional each year....I have started using RentRedi and I am finding it a bit clunky and also dislike the spam they toss at anyone who creates an account (which starts at prequalifying). I have decided to prequalify prior to allowing them to schedule a showing of them home, so they are getting spammed before they meet me....anyone have another software they use that is cost effective for a newbie and also one that I can grow in to?  

Got it!  Appreciate your help.  Thank you

Thank you David. Yes, running the numbers make sense.  I used an excel formula I found online to calculate the cash on cash return, but curious how you concluded the 6% return.