All Forum Posts by: Account Closed

My PM company sends these to collection and the collection company grosses up the amount due from the tenant so I get all that is due to me and the collection company gets all that is due to them. If they have a viable job then we go collection and they always pay. We don't rent to folks without a solid work history so this rarely happens. Guess we've been lucky.

Excellent job !

Play around with the Flip Analyzer tool and check the bigger pocket downloads for spread sheets that will help you understand all the potential items you need to evaluate for a project.

I utilize a commercial general liability policy with all my properties under one policy. It runs about $100 per property with $2M aggregate and $1M per occurrence per property. Check your local Farm Bureau agents. My policy is through Western Community and it covers vacant property. Deductible is $500

Do you have the documentation to back up what you claim? If I were the investor I would want to see something to convince me to invest you.

And in some markets the banks are not budging much on price these days

Hi Adam, Have you tried Oaas Laney LLC here in Boise?

Ahaha, I found BP because I was Googling for something. When I saw what was here I became a Pro right away and I never do that sort of thing. The information I have utilized on this site has literally saved me a few grand this year. The only draw back is at first my wife thought I had some sort of text buddy. Nope, was just BP.....I pull it up all the time on the iPhone.

Perhaps you can tell them the recent floor work has revealed the need for some additional repairs of which will take an unreasonable amount of time. Thus you have no choice but to give them back their deposit and they can find another place. But first call your floor guy and tell him he needs to respect his business relationship with you and not mention things to the tenants that may not be true. Personally, I would not hire him again and probably would tell him he his finished, pay him for what he has done and bring someone else in to finish.

How big is the house? Is it single level? Your $40k seems reasonable since you mentioned it was structurally sound and if you are going to be your own GC.