All Forum Posts by: Forrest Holden

Actually they were a licensed broker and nothing was under the table. They were just extremely efficient in a geographic location where the cost of labor and the cost of living is substantially lower. They managed my properties for years with no issues. A property manager can also be extremely successful without listing on the MLS in some geographic locations. I'm just tired to seeing managers that charge 1 months rent for tenant placement and a monthly fee when all they do is place a tenant and collect rent. Luckily I believe I have stumbled upon an outstanding property manager that provides A LOT for a reasonable price. Nothing even close to what I got in West Texas but I understand that prices are higher here and that you get what you pay for.

I used to own 4 rentals in west Texas.  My property manager only charged $300 for tenant placement.  I understand that I probably can't get that rate in Minneapolis, but I honestly feel that a full months rent for tenant placement is highway robbery.  Does anyone know of any managers or management companies that are actually reasonably priced in the Metro?  If not I may just have to start a property management firm and crush the competition.

I am recently divorced and I'm trying to re-organize my life. I have a home in Jacksonville, NC that I want to get off my credit report. The home is in mine and my ex-wife's name and so is the mortgage. The mortgage was a VA loan (not sure if that matters). Will a quit claim deed remove me from the title and the mortgage in North Carolina? Will my ex-wife have to refinance in order for me to get my VA loan entitlement back? Any information on this subject would be greatly appreciated.

 Is Invelo free for pros?  

 I was planning on hiring a property management company to interact with the tenants specifically to mitigate liability.  Are you saying that this is not the case?

Less than half?  You should start paying him a little more, or someone else might take him off your roster.  Good people are hard to find.

I'm trying to do this right now in the state of Minnesota. In the state of Minnesota, a General Contractors License needs to be held under a business entity such as an LLC. I'm trying to figure out if I should host my GC license under my LLC that is conducting the BRRRRs or under another LLC entirely. Any tips or suggestions?

Hello Everyone.  

I have about 7 years of construction experience and I am going to be taking the test to get my General Contractors License soon in the state of Minnesota. The question is, should I host my license under the LLC that is doing the BRRRRs or under another LLC entirely? I would love to hear the pros and cons. I would love to hear how you do business. Thanks!

Freshbooks Lite is $6 a month and is pretty cheap.  I am so cheap and so small though that I am doing excel and and scanning all of my receipts into the google drive cloud.