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All Forum Posts by: Danielle S.

Danielle S. has started 3 posts and replied 18 times.

Post: Guesty and OwnerRez Pros and Cons

Danielle S.Posted
  • Investor
  • Kenilworth, OH
  • Posts 18
  • Votes 1

I started Ownerrez last year and honestly, if I don't recommend it at all. I'm obviously in the minority, because they have many positive reviews. I'm not sure why that is.

The interface is like a parody of overly complicated design. It took me a long time to set up in dribs and drabs, all while paying the monthly fees.

Now that it's up and running, I see glitches, and it's frustrating to have to go through pages of support just to find the setting that needs to be tweaked.

To be fair, the support people are nice and they do respond with videos and instructions. But I don't think a user should have to put in that kind of effort to make a simple change to their listing. 

If I didn't already so much invested in this, I would run away and never turn back.

Post: MHC America Fund - whether to invest?

Danielle S.Posted
  • Investor
  • Kenilworth, OH
  • Posts 18
  • Votes 1

Actually, that's the wrong link. That shows us suing the Smiths. I saw another filing where we were also suing the other founders. I tried to contact the lawyer who was representing the fund, but he didn't respond. I don't know where it all stands. It's odd that the fund isn't required to keep us in the loop.

Post: MHC America Fund - whether to invest?

Danielle S.Posted
  • Investor
  • Kenilworth, OH
  • Posts 18
  • Votes 1
According to this filing, the fund itself sued or is suing all of the founders. I can't imagine we're not paying for this.

https://www.govinfo.gov/content/pkg/USCOURTS-cod-1_18-cv-02780/pdf/USCOURTS-cod-1_18-cv-02780-1.pdf


Post: MHC America Fund - whether to invest?

Danielle S.Posted
  • Investor
  • Kenilworth, OH
  • Posts 18
  • Votes 1

I'm an investor in this fund, which is now embroiled in a lawsuit. I'd love to connect with others to discuss.

Post: College student lease in Mercer County, NJ

Danielle S.Posted
  • Investor
  • Kenilworth, OH
  • Posts 18
  • Votes 1

David Michael, thanks for the reply. I'm open to that. Maybe I can find a helpful landlord here. 

Post: College student lease in Mercer County, NJ

Danielle S.Posted
  • Investor
  • Kenilworth, OH
  • Posts 18
  • Votes 1

Hi. I'm about to rent to college students for the first time, and I'm wondering if anyone has advice on where to get a lease. I'm open to recommendations for lawyers and/or websites where I can get a standard form and customize as needed. Because of dorm closings related to the pandemic, this came about very suddenly. I have students ready to sign and I don't have the paperwork yet. This is for Ewing in Mercer County, NJ> Thanks in advance for any tips.

Post: Ewing NJ TCNJ College Studen Rentals

Danielle S.Posted
  • Investor
  • Kenilworth, OH
  • Posts 18
  • Votes 1

Thanks, Stephen. 

Post: Brutal feedback by smart real estate people needed

Danielle S.Posted
  • Investor
  • Kenilworth, OH
  • Posts 18
  • Votes 1
Sounds like a good situation to be in, aside from the noise. Have you considered renting both units to tenants and either buying or renting another place for yourself? That way you get to keep the property, and the favorable mortgage terms you got when you bought the house as your residence. If you' charge the market rate for the unit you were living in, you should be able to rent elsewhere in the same town and at least break even.

Post: Ewing NJ TCNJ College Studen Rentals

Danielle S.Posted
  • Investor
  • Kenilworth, OH
  • Posts 18
  • Votes 1

Hi everyone. I have a rental house in Ewing, NJ, that would be good for TCNJ students. I wonder if some pros here would be kind enough to share their experience with this. I'm very detail oriented, so I want to be sure I have everything covered before i dive in.

1) I noticed that student leases in the area end the day before new leases begin. How do you prepare the property for the new lease without intruding on the current tenants? Is it expected that you'll be inspecting and repairing the property during the last month or so?

2) I keep hearing how "messy" students are. What kind of expenses do you see? I expect carpet cleaning and painting. Is it often more than that?

3) How do you screen tenants? Do you background check all of the parents?

4) What kind of special provisions do you include in the lease for students?

5) Do you make separate leases for each student or do you put them all on one lease?

6) Do you find that many students continue to live at the rental in summer when school is not in session? Do you allow sublets?

7) Is there anything else you would add about student rentals?

Thanks in advance.

Post: 1031 exchange applied to existing property?

Danielle S.Posted
  • Investor
  • Kenilworth, OH
  • Posts 18
  • Votes 1

That's very helpful. Thank you!