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All Forum Posts by: Account Closed

Account Closed has started 4 posts and replied 20 times.

Post: [UT] Choose most qualified applicant instead of first applicant

Account ClosedPosted
  • Investor
  • Logan, UT
  • Posts 21
  • Votes 7

I've been brushing up on Fair Housing and I'm not sure about this distinction. I know the protected classes in my state and locality.

Say I have an open house for a few hours and when I'm done I have X online applications. Am I required to select the first applicant who meets my requirements (income + credit score) or can I select the applicant with the largest income / credit score?

My belief is that since size of income is not a protected class, I am allowed to select (discriminate) based on this information.

Post: HOA's are they good or a bad idea?

Account ClosedPosted
  • Investor
  • Logan, UT
  • Posts 21
  • Votes 7

I don't think you can easily dismantle an HOA without owning the entire complex. Too much is shared between units.

I like the hands-off that HOA gives me. Yard, roof, siding... these are things I don't want to worry about. Insurance is less. Community rules make it easier for me to enforce them.

Bickering about rules is real. Someone will sit and stew about a rules violation that is relatively minor and finally make a big deal about it. You get in trouble for what your tenant is doing so it's a 4-way mess sometimes between you, tenant, HOA, and the complaining neighbor. Shared parking is a problem... someone will park a big truck and trailer in the way and take up 4 spaces.

Dues regularly increase for sure.  The management company has no incentive to keep them low and neither does the board.

I've liked it overall for low-cost condos in not-so-great areas. The HOA factor keeps things from degrading too much. Might be different in a better neighborhood.

Post: Broken Condo

Account ClosedPosted
  • Investor
  • Logan, UT
  • Posts 21
  • Votes 7

If you could buy 51% of the units then you would have lots of control over the complex...?

Post: Purchasing Condos

Account ClosedPosted
  • Investor
  • Logan, UT
  • Posts 21
  • Votes 7

Get clear information about how repairs are handled and where lines are drawn.

For example, fencing.... which fencing is HOA responsibility? What if a fence borders my unit AND the commons?

Which utilities are included?

Parking - is there enough to make it a good rental (3 bedroom with only 1 parking space sucks...)

HOA smoking and pet policy.

Post: WilliamPaid.com Online Rent Review - Bad

Account ClosedPosted
  • Investor
  • Logan, UT
  • Posts 21
  • Votes 7
Dear Cole

We regret to inform you that after 5 years, WilliamPaid will be no longer processing rent payments.

If you are an existing user of our service, we will stop processing new payments at 11:59PM CST, March 5, 2015.

All payments that are currently in process or in process by March 5th, 2015 will be honored and sent to you as they have always been. Email notifications will be sent to all tenants that have used our system. Please let your tenants know, as well, to ensure they continue paying their rent on-time.

Other companies that you may want to contact that provide similar services are:

  1. Renttrack.com
  2. Clearnow.com
  3. Payyourrent.com
  4. Rentpayment.com

Go here for more detailed information.

We know that our services have been of great value over the years - we could not have done it without loyal customers like you. Words can't describe our appreciation. We

Post: Investing with pre-tax dollars?

Account ClosedPosted
  • Investor
  • Logan, UT
  • Posts 21
  • Votes 7

Maybe HSA or ESA? I'm smiling as I type that, but if it's possible with an IRA...

Post: WilliamPaid.com Online Rent Review - Bad

Account ClosedPosted
  • Investor
  • Logan, UT
  • Posts 21
  • Votes 7
Originally posted by @Michael Seeker:

@Miriam Nelson - I require all of my tenants to pay electronically.  The options I allow are:

Intuit Payment Networks ($0.50 per transaction, I pay it)

Google Wallet (free)

Chase Quickpay (free)

PopMoney (free if offered by their bank)

That is an excellent list, thanks!

I have InstantPayments at work.  You can have the fees paid by either party and they do free custom web forms that will take eCheck, Credit and Debit. 

Post: WilliamPaid.com Online Rent Review - Bad

Account ClosedPosted
  • Investor
  • Logan, UT
  • Posts 21
  • Votes 7

Jeff Golding (president of WilliamPaid) contacted me via email. I thought it worth mentioning that someone reached out to me from the company.

Post: WilliamPaid.com Online Rent Review - Bad

Account ClosedPosted
  • Investor
  • Logan, UT
  • Posts 21
  • Votes 7

Ryan M. Google me and stop crapping in my thread.

Post: WilliamPaid.com Online Rent Review - Bad

Account ClosedPosted
  • Investor
  • Logan, UT
  • Posts 21
  • Votes 7

Had a really bad experience. I work in InfoTech so I'm more than qualified to figure out a web service.

WilliamPaid.com

Difficult to setup
Tenant couldn't figure it out
Excessive bank verification
Confusing landlord portal
Hard for tenant to select the correct property

I wish I had used Rentmatic now, but the tenant is mad and will be sending those awful paper checks now. :(