All Forum Posts by: Elise Hazzard

John, 

AK & OK don't have hurricanes... maybe I should be invested there! Greetings from FL, where I've only been using RentRedi for about 3 months but have been so less than impressed. I think it could be something if improvements made, maybe.  BP hosts have promoted it, but I can't say why.

Other platforms out there too. Never had much luck with PM's.  Just tried to hire one myself and they seem so afraid of housing authorities, they have minimal criteria and make no effort to screen.  Maybe a local investor would have a recommedndation.

Good luck.   

Hey Christian, Feel free to send a message if you come to SP/TPA for scouting. Fellow investor here with properties in Hillsborough and Pinellas sending an FYI to use caution in flood prone areas. FEMA changed the flood maps a few years ago and took some by surprise. Not to mention the new mandate by Citizens insurance for those covered by citizens insurance to keep flood insurance even if their property is are NOT in a flood zone. Many nuances realtors do not want to discuss, which they probably should not as it is not in their lane. All that said, life in paradise is great!

Re:  Pinellas rental property coverage, just got this from ins. broker.

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We will need to confirm what the rental exposure will be for this property. Citizens only allows 3 rentals for no more than 31 days in one year.

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Just a thought... Furnished Finder partners with legal platform to generate lease with flexible dates that can be adjusted.  The lease language does seem more 'friendly' to long term lease use, but I have used it for M to M.  I'm really surprised that you can short term in a 55+ in FL; good luck!

EFH

Ps--personally, I would avoid collecting funds thru the Strip account affiliate to KeyCheck, the tenant screener function to FF, screening thru KeyCheck no different than Trans Union as I see it.

 Hello Makan,

As Brad has mentioned, petscreening.com has been a valuable resource. Having a animal/pet addendum to the lease might be helpful as it would be a part of your P&P for all applicants (read non-discriminatory) and protect you in several ways, the company can offer you a free demo which shows many parts of their pet screening are free and helpful to the landlord.

I believe each animal must have a stated function....not certain, may be state specific.

Good luck. Élise

 I'm in your backyard and agree. We were just quoted 3800, to install 220 power at driveway. Plus the power us is an issue. Fortunately there are many options for local rapid charging.

Kevin, do you know if the HOA's are current? In MI it may be different from where I live but it is often the case that the new owner still must make the HOA current once they acquire by auction. Agree with Nathan, an attorney consultation may be in order. Good luck at auction; please post re:results.

If you would accept an equity partner you could at least make progress, which is better than a standstill.  Not highly favored but will work if the deal is good. Those who can demonstrate experience can ask more of a partner as they don't need funding and experience. Have a great year.

Hi Lorenzo, 

Did not see anyone ask if you planned to live in the MFH and househack by occupying one of the units.  The theory and math are a little different if you can get owner occupied financing and if your own housing costs can be reduced...plus presumably your own onsite management.

Any details would be helpful.  Have you lived in that part of MA long enough to learn the market?

Stay warm.

Zachary, 

The state specific leases are available with pro membership here on BP; and fortunately they do address many issues you may encounter with a unhappy tenant departure and generally seem much more comprehensive-esp. for states that are very tenant friendly.  That said, I have an addendum list of requirements (such as all cash (bank check/money order) to move in for first month and security fees, plus receipts for utility initiation.  Last few years, we do not accept rents any method but ACH transfer after move in..no check/zelle or paypal as these can be reversed, plus the paper trail can come in handy when memories fail. Tenants should not only agree to pay but want to pay on schedule. We also use a rent collection portal that contributes to reporting on the tenants credit to reward them for on time payment.

Definitely agree with others here- would be nice to donate the extra furniture to a good cause (or sell.)

All the best in your new adventure and congrats of acquiring insurance!