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All Forum Posts by: Elise Hazzard

Elise Hazzard has started 0 posts and replied 21 times.

Post: Rental requirements up front

Elise HazzardPosted
  • Flipper
  • Chicago, IL
  • Posts 21
  • Votes 3

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!

Post: Wind Only Policy in FL since Ian

Elise HazzardPosted
  • Flipper
  • Chicago, IL
  • Posts 21
  • Votes 3

Lyndsay, hope it all works out..this is truly a nightmare in FL!

Post: Florida markets that make sense for cash flow and growth?

Elise HazzardPosted
  • Flipper
  • Chicago, IL
  • Posts 21
  • Votes 3

Terry,   Please let me know who your insurance broker is...I think I need a referral if you are still buying on the coast.

Thanks much,

Post: Veteran Nurse turned Real Estate Investor here!

Elise HazzardPosted
  • Flipper
  • Chicago, IL
  • Posts 21
  • Votes 3

Liza and Samantha need to start their own meet-up!

Maybe focus on guest safety.... last STR I stayed at in Miami was sorta scary.

Good luck to both.

Quote from @Elise Hazzard:
The senior citizen property owner was house hacking … lived on the same floor of her own home as her murderer.  UGH
Quote from @Greg R.:

Very sad. I would strongly encourage landlords to seek a permit to carry a firearm if they are serving eviction notices and other situations likely to generate negative reactions from tenants. 


Quote from @Greg R.:

Very sad. I would strongly encourage landlords to seek a permit to carry a firearm if they are serving eviction notices and other situations likely to generate negative reactions from tenants. 


Post: Which is the hardest team member for you to find?

Elise HazzardPosted
  • Flipper
  • Chicago, IL
  • Posts 21
  • Votes 3

might be location centric; in Florida it is difficult to find anyone with a grain of skill. handymen want 60/hr, won’t complete 1099 and usually don’t complete project- contractors looking for 100-200k rehabs only.

sad.

Post: Looking to House hack

Elise HazzardPosted
  • Flipper
  • Chicago, IL
  • Posts 21
  • Votes 3
Quote from @Victor So:

Hey @Michael Betancourt ! Super glad to hear you want to househack. I’ve househacked since 2017 and acquired 10 units this way. Let me know how I can help! 


Post: Looking to House hack

Elise HazzardPosted
  • Flipper
  • Chicago, IL
  • Posts 21
  • Votes 3
Quote from @Michael Facchini:

Welcome to BP @Michael Betancourt, glad to have you as a part of the community and please lean on all of us! There are 3 types of financing for this situation - FHA, Conventional, and then Portfolio loans. As @Brie Schmidt mentioned, FHA definitely has its benefits and place in the marketplace, but also comes with limitations.  Conventional allows the largest loan amounts and guidelines are a little looser vs FHA, but requires larger down payment.  Last but not least, portfolio options are fewer/further between out there in the marketplace, and are most niche-y, but often fill the gaps left by Conv and FHA.  


Post: Rent payment question

Elise HazzardPosted
  • Flipper
  • Chicago, IL
  • Posts 21
  • Votes 3

@Matt R.

Matt, we are unhappy with that ‘carry trading’ aspect of Cozy too. Looking for a better option. For some reason the tenants have the worst time setting up ACH w/ their bank.