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All Forum Posts by: Connor Smith

Connor Smith has started 9 posts and replied 46 times.

Post: Apartments.com help needed

Connor SmithPosted
  • Buffalo, NY
  • Posts 49
  • Votes 22
Quote from @Kaybreh Mathis:

Hello! I’m hoping someone here has done this before and can help me figure it out. I’m using Apartments.com to collect rent. I have an inherited tenant who pays weekly because he gets paid weekly. I’m trying to configure the account. It looks like they will accept partial rent payments, which is what I need for him. But the website is configured for monthly payments. I’m not sure what to put in for his due date because he just pays 1/4 of his rent every Friday. I don’t want it to charge him a late fee either. I set it up (I thought) for the first of the month to allow him to make a payment today but would keep every payment split into months. However, the website is showing that he doesn’t owe anything yet. Does anyone else have a weekly-pay tenant who’s figured out how to set this account up properly? I would appreciate any advice!


 This is still an issue.. I use apartments.com and have a tenant that wants to pay on a bi-weekly schedule. I contacted apartments.com and they only support payments on a monthly frequency. No mention of them planning to change this in the future.

Post: Managing your books/portfolio

Connor SmithPosted
  • Buffalo, NY
  • Posts 49
  • Votes 22
Quote from @Adam Widder:

I use apartments.com There's a tab to add expenses and categorize per tax rules, upload receipts etc. It will populate reports for income/expenses and P/L. Saves me a ton of time.


I use apartments.com as well. Its free and robust enough for what I need so far. I only have 7 units all self managed, so not huge numbers. It can post your rentals for rent on apartments.com but it would be nice to be able to auto syndicate this to Zillow. Thats probably the main feature I wish it had.
just caulk it

@Michelle Bright curious how it has been going with Rabbu? 

Are they hitting their revenue estimates? Any headaches?

Post: Faulty construction - sue insurance/builder?

Connor SmithPosted
  • Buffalo, NY
  • Posts 49
  • Votes 22

$20k seems very high. If it just a small section of the line that has the rebar going through it, just replace that piece. You already have the area exposed. Dig down a little further so you can expose the whole issue and get an accurate quote.

Nice job! This is exactly what I am looking to do and am in a similar position as you were before you bought the 24 unit. 

Did your 105k single family appreciate 200k in 5 years? Just trying to piece it together

Post: How many units do you own?

Connor SmithPosted
  • Buffalo, NY
  • Posts 49
  • Votes 22

Have 4 units rented right now.

2 - 2 unit duplexes (I live in one of the duplexes)

1 - 1 unit single family

Currently all self managed and I work full time. Looking for my next deal... would like to find something bigger in the 5-10 unit range and start moving things to a property manager.... I am able to self manage them now pretty easily but I love to travel and it never fails that everything runs smooth for 4 months and then when I'm out of the country for a week something happens. And those headaches will only amplify as the portfolio expands.

Post: Real Online App Technology Based Brokerage

Connor SmithPosted
  • Buffalo, NY
  • Posts 49
  • Votes 22

Anyone have experience with Real Technology Based Brokerage? Their pitch sounds good, wondering how good the leads they send are? What the support is like?

85/15 commission splits

no fees

http://www.joinreal.com/

Post: Deal analysis. Worth it or not?

Connor SmithPosted
  • Buffalo, NY
  • Posts 49
  • Votes 22

Post the location details... state, city, cross streets. There are members from all over, someone will have a keyword alert for the city and they will chime in and can let you know if its bad area.

Post: Loan options for startup

Connor SmithPosted
  • Buffalo, NY
  • Posts 49
  • Votes 22

@Michael Karl I should rephrase that, $15k will cover a down payment on a decent multi. On a quick glance I see a duplex at 86 Modern Ave in Lackawanna. New roof and windows. Currently rented for $895 total. Listed for $58,500