All Forum Posts by: Edward L lauckern

I've got a perfect property for air bnb in ny, currently for sale

@Elizabeth Schartman no one's.capable of.caring about your investments better than you. Cash on hand is preparation. The Tenant is as important if not more than the property. I always.try to pay the.tenant for keys.(Usually cheaper) .Get good at screening. It's not that hard once you know how to do it

@Troy Scottaline

My thoughts are. If you want to truly fee up your time. Invest in good commercial RE or be an sideline investor. Lesser returns but mailbox$

Yes, plus mileage 

 What are the payments 

What are the terms of the loan ? Monthly/yearly?

No, high likely hood you'll be throwing your money away. Those areas tend to draw the worst tenants avalible. Then when you figure out you made big a mistake hard to find a buyer to get out of the property. Not sure what your price point is but I would save up some more money or look outside of your area all together 

Railings shouldnt break like that. 

I use TSYS merchant services .. I withdraw rent weekly and bi weekly, automatic payments withdrawn from ach or credit card accounts. Automatic receipts are send the the tenant through email, and their money is deposited into our acct.  Can also charge late payments. Through this service right to their accounts

so would it be considered illegal to accommodate (pay for another apartment first months rent) a current tenant (in writing) to help move from a property which in  their eyes is not worthy of paying rent. Because this is what I'm talking about .. not sure how that would work in your state. (Knock on wood) i have never needed court to get rid if a bad tenant. I have estimated my savings to be around 3 months of rental income because of this. I have consulted a lawyer in my area NY to be sure that it is legal to use these tactics where I am from. Not sure about your area