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All Forum Posts by: Clayton Cerer

Clayton Cerer has started 8 posts and replied 17 times.

Post: Best way to collect income for a 24 unit apartment building

Clayton CererPosted
  • Rental Property Investor
  • Chicago, IL
  • Posts 19
  • Votes 2

@Michael Doherty this is what we have been looking into heavily. We have a call/tutorial with them tomorrow afternoon. I have a feeling they will be our choice.

Post: Best way to collect income for a 24 unit apartment building

Clayton CererPosted
  • Rental Property Investor
  • Chicago, IL
  • Posts 19
  • Votes 2

@Nathan G. Thank you for the info! We currently use Cozy for our triplex but would like to have a more all-encompassing software that can help with paying vendors, creating leases, tracking income and expenses, etc.

We have Stessa integrated with Cozy right now and it’s awesome for three units! I just think it will be a headache for 27 units

Post: Best way to collect income for a 24 unit apartment building

Clayton CererPosted
  • Rental Property Investor
  • Chicago, IL
  • Posts 19
  • Votes 2

Hello, we are under contract on a 24 unit apartment building. We are open to suggestions on the best way to collect rent for a building this size?

What apps/programs-software do you guys suggest?

Thanks!!!

Post: Real estate attorney fees on 24 unit apartment building

Clayton CererPosted
  • Rental Property Investor
  • Chicago, IL
  • Posts 19
  • Votes 2

Hi All!!

Wondering what the typical price per door cost for a Real Estate Attorney is on a 24 unit apartment building? Or is it more common to receive an hourly rate?

Thanks!!

Post: 92 units outside of Houston; need help analyzing deal.

Clayton CererPosted
  • Rental Property Investor
  • Chicago, IL
  • Posts 19
  • Votes 2

@Steve Hall 2 great questions, and great advice.

Post: Separate credit lines, HELOC's, or what the heck do I do??

Clayton CererPosted
  • Rental Property Investor
  • Chicago, IL
  • Posts 19
  • Votes 2

Hi all,

Looking for some advice/direction- So I have 3 SFH rentals that are close to being paid off, 1 house that i live in with tons of equity and a nicely cash flowing triplex that i just bought. i also have a business that produces a very healthy amount of cash flow.... I am looking to purchase larger deals at this time, anywhere from 12-48 units. I am torn on what to do... do i pull HELOC's on each property and then a credit line on my business? Do I sell the SFH's? My main focus is to have more buying power and speed when shopping deals... and i want to buy apartments.

someone please help!!!!!

Post: When to hire property management?

Clayton CererPosted
  • Rental Property Investor
  • Chicago, IL
  • Posts 19
  • Votes 2

Hi @Laura Kayes! I am wondering, Why the reason for initially hiring the PM for leasing? Would this be to make sure your lease paperwork is sufficient?

Curious as I have just took ownership of a triplex and will be putting all new leases in come Feb. 1st...

Thanks!!