All Forum Posts by: George Zev

Where/what platform do my fellow investors like to acquire alternate assets? (Gold, SIlver, precious metals etc.)

@Bill S. First thing that came to mind is: given portion of lot is owned by "community" if HOA decides to move forward with $6k charge shouldn't that be dispersed across the community as opposed to just me?

Hello BP Community, 

I own a LTR in Colorado Springs 

My HOA community is a bit overbearing. Multiple notices have been cited that I have already resolved, the most recent on the other hand, to me seems a bit out of line- I as a homeowner, chose the turf I wanted both in looks and cost efficiency for a large front lot close to 3k sq ft of front yard. They came back saying it needs to be approved (which is fine) but now also want to potentially charge $6k for a portion of the lot that is owned by the community to install rocks/gravel.

My question(s) to you all:

1) Is this out of line? Turf approval via special meeting with the board  I can understand, but a community decision that will then charge ME? How does that make sense? 

2) If I neglect fees/charges/this out of line $6k charge what happens? I still plan on paying the monthly HOA required payment but I am not intending to pay thousands I had no decision-making power on. And begs the question "What do you really own?"

My plan is to continue to operate the LTR, get approvals for my already initiated project one way or another from the board/or not since I've already put in a fair amount of money for turf/installation, and respectfully decline this additional potential $6k charge. 

What are your thoughts?

Hello, 

I am interested in the pros v. cons to creating an LLC and operating under said implications.

A few questions I have top of mind: 

Does it cost anything to hold an LLC in the state of Colorado?

Does having the capacity to pull a business loan or business credit card benefit strategy in any significant way? (I've heard people tend to create LLC and utilize lines of credit to either fix property or furnish a STR/MTR for example)

Are there any significant pulls either for or against creating an LLC?

Tax implications?

Thank you in advance!

Hello, 

When & how far out do you reach out to your tenants to field a renewal coming off a 1 year lease? (30/60/90 days?)

What messaging do you like to use to entice renewal?

Please feel free to drop scripts - successful messaging used previously. 

Thanks in advance!

Hello all, 

I live in the state of Colorado. My property operates within an HOA, recently HOA has been getting on our case for re-seeding/up-keeping the front lawn.

As with most of CO, grass tends to die over winter, so here is my question: What is the best method to up-keep, re-seed and re-develop the front lawn? Should I hire out the work? (If so, please drop suggestions) Or is this something I ask the tenants to handle?

Keep in mind the entire front lawn needs to be re-seeded etc. 

Hello everyone, 

Interested in getting a pool of insight of what others have used as successful platforms to recruit tenants for House Hack.

What platforms have been successful for you?

How long did it take to occupy the unit?

Any insight you would give yourself prior?

Any other suggestions to set yourself up for success?