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All Forum Posts by: Donna Johnson

Donna Johnson has started 6 posts and replied 40 times.

Post: PM and Investor Friendly Agent in Toledo, OH

Donna Johnson
Posted
  • Posts 41
  • Votes 9
Quote from @Felix Boecker:
Quote from @Jonathan Wooten:

Hi everyone! 

I just went under contract on my first Toledo property and will need an investor friendly agent as I plan to buy 10-15 more properties in Toledo until the end of the year. 

Also can anyone recommend a property management company that is reliable and familiar with section 8 tenants? 

Thanks


Hey man, I live in Toledo. My recommendations are Stephen Brown for agent (https://www.facebook.com/profi...) and for PM either www.onesourcetoledo.com or LPG (https://www.facebook.com/Toled...)

Hope that helps! 

Fx 


 Thanks Felix, I just reached out to both companies- any new ones you recommend that have a good track record since your original post 2+ years ago??

Post: Landlord Insurance Recommendations

Donna Johnson
Posted
  • Posts 41
  • Votes 9
Quote from @Greg M.:

Kind of. Just go online to the major carrier sites and quote a LANDLORD policy. Choose the coverages that are important to you and your risk level.

Obviously the dwelling gets covered, but do you want ordnance/law coverage (brings things like electrical systems up to date if need be replaced due to claim), loss of use (covers your lost rent after a claim), replacement cost vs actual cash value, workers comp, and personal liability. And of course the deductible you're willing to have.


 Are landlord and property insurance policies usually purchased separately or is there a benefit (better rates) to finding an insurer who bundles them together?

Thanks for the info :-)

Donna

Post: Debt collectors for rental payments and eviction lawyer

Donna Johnson
Posted
  • Posts 41
  • Votes 9
Quote from @Chris Seveney:
Quote from @Jonathan Blanco:

Can I get recommendations for debt collection agencies that can collect from tenants that don't pay rent (I know non-payment is a breach of contract but just asking)?

Also recommendations for eviction lawyers? More expensive than doing it yourself but might be good investment depending on lawyer.

Interesting- did not know about the ability to 1099 tenants!
 

 they are state specific but any debtors attorney can do the eviction as can most property managers. I would tell you 9/10x its not worth spending the $ to get it collected as most renters do not have it. What we have done is 1099 them the amount owed so then they have to pay taxes on it as if its income.Its a nice going away present as if you cannot collect uncle sam will.


Post: Property Repair Deal Breakers?

Donna Johnson
Posted
  • Posts 41
  • Votes 9

Good question and want to follow. 

Post: SLLC state taxes for rental

Donna Johnson
Posted
  • Posts 41
  • Votes 9

Thank you Michael Plaks!

Post: SLLC state taxes for rental

Donna Johnson
Posted
  • Posts 41
  • Votes 9

I have an accepted offer in Ohio, and just now considering tax implications (although I have always expected to pay them). I do not plan to put the property in an LLC. What does this mean for my taxes in OH? This is my only rental property so far, although I own my personal home out-right in UT (no mortgage). Any tips for good accountants familiar with OH real estate law?

Post: Back on Bigger Pockets Post Covid

Donna Johnson
Posted
  • Posts 41
  • Votes 9

Jared Smith, really interesting way to involve your kids :-).  

Post: Emotional support animal (ESA) protection and disclosure information

Donna Johnson
Posted
  • Posts 41
  • Votes 9

Here's a link that may be helpful about service animal vs emotional support animals.  

https://www.ada.gov/resources/service-animals-faqs/

Post: Suing utility company for not notifying landlord (me) they shut off electric/ water

Donna Johnson
Posted
  • Posts 41
  • Votes 9

Is there something in writing indicating that utility companies will notify you if tenant turns off power or they are turned off for non-payment, and time frame they would notify you?    Otherwise, I would consider it caused by tenant.  Following to hear what others think.  

Post: Trouble Finding a House Hack Property in Hudson Valley, NY

Donna Johnson
Posted
  • Posts 41
  • Votes 9

Hope it's useful for you!