All Forum Posts by: Charles Carillo

@Ashley Dos Santos

I would find a local bank or credit union that lends on your target properties. This way, you open a business bank account and establish a relationship with a potential future lender.

@Wodida Kevin

We have partners who are foreign investors. DM me, and I will send you contacts for attorneys, lenders, and accountants they have previously used. It is important that you hire professionals who have experience working with foreign investors.

@Elsa Hsu

I think you are past the cash for keys option. Cash for keys is best suited for honest tenants who are a little behind on their rent. Tenants who have not paid rent for six months and have not communicated with you should be evicted. I think it is clear that they are not paying rent, and they are not leaving. Why hasn't your property manager already evicted them? 

@Carol Burns

Yes, we always require renters' insurance, especially if they have pets. Not only to cover potential damage, but also to protect against liability in the event of an issue.

@Andrew Sangar

If your stocks are in a taxable account, you can take a margin loan against them.

@Josephine Ch

We have partners who are foreign investors. DM me, and I will send you contacts for attorneys, lenders, and accountants they have previously used. It is important that you hire professionals who have experience working with foreign investors.

@Brandon Simpson

Why can't you list the property for rent online? If someone were going to rent an apartment in that town, how would they find a rental? I would list the unit for rent online and see if you receive any calls or inquiries. If not, maybe this town has minimal rental demand, in which case I would probably pass on the deal.

@Natalia Perlova

I probably wouldn't do anything. He's hopefully leaving this month, and if he doesn't, that's when I might consider consulting an attorney. Once he is out, you can clean and prep the room quickly and start showing it. 

@Jason V.

You can have them sign a month-to-month lease; otherwise, it becomes a verbal lease. Are they very sure they will only be there for 2 months? If they are not sure, I might have them sign a month-to-month lease at the higher amount. Different states have different rules regarding verbal or oral leases versus written ones.

@Jessica Violante

Have you ever looked into using independent insurance agents? For example, State Farm agents are captive agents, meaning they are only authorized to sell State Farm insurance (as I understand it, Farmers utilized a mix of captive and independent agents). An independent insurance agent works with multiple insurance companies to provide a broader range of policy options to clients.