All Forum Posts by: Gabriel Rodriguez

My most used is Homespotter. I do everything on there for booking showings, looking up homes, finding listing agents numbers, etc

@Gabriel Rodriguez

Hands down most important apps for me:

- Google Drive App

- Gmail App

- My MLS's App for agents

I'm going to try using Homesnap as I'm dual licensed and the MLS in my neighboring state doesn't have an app. That might replace my local MLS app for sending properties to clients if I like the way it looks and works.

Google Drive is crucial for my business. Having access to every single document for any transaction past or present is key.

I only have one rental currently (duplex) that I manage myself, but I'm an Excel Guru and honestly can't see myself changing over. I've built the sheet so that each expense is categorized, it shows my cashflow expectations, my receipts are saved as photos with a simple code for easy reference, a nice summary page... I make a new sheet per rental when I expand, and at tax time I just sort and copy paste.

Morning investors and like minded people.  Just wanted to give a update on whats been going on.  So me and my contractor went through every single unit from top to bottom. From every sink to every faucet lol.  At the time the water bill will still $600 to $700 so i was pulling my hair out lol.  Find out I had a running flapper in a units toilet and have been like that for months.  The toilet was fixed and the water stopped.  I checked the master water meter and the dial has also stopped.  A month later went by and the water bill went down drastically.  Now I can charge my tenants back utilities due to the fact that its in their budget versus dividing a $700 a month water bill divided by 11 tenants lol.  Thanks for all the help and advise.  till next time. 

Something I didn't see mentioned is that all payments should be applied in priority. If tenant owes $600 rent and $60 in utility, a $600 payment would be applied to the utility first, then the rent. That means they would be $60 short on rent and subject to late fees and eviction. You've got to toughen up and let them know that all bills need to be paid on time or they're on the street.

In the future, I recommend bumping monthly rent rates up high enough to cover the water use. If rent is $600 and water use is $30 a month, charge them $630 and call it a day. That's easier on everyone.

@Chris Martin

That’s a great idea. Somebody is buying. Banks are still lending. But maybe something is on the horizon that I don’t see yet.

Over the weekend I saw a house that was sold for 80k in Newark NJ in 2017, in C- area asking for 525k. It’s renovated, but it’s still in a war zone.