All Forum Posts by: James Rador

Okay thank you for the information 

Hello, was just wondering what everyone uses to hold security deposits for vacation rentals when not using Airbnb, Vrbo, expedia etc. is there a platform everyone uses? We are new to the short-term rentals and was just wondering how everyone else is taking care of security deposits when not using the big platforms. Any other advice or tips would be appreciated.

Thanks, in advance!  

Looking to turn everything over to online rent payment what is the best platform to use I see a lot of people talking about cozy, Zillow etc which one is your favorite?. Does anybody worry about the grace period from when the tenant pays till you see the money actually show up in your account on these platforms?, Thanks in advance for help!

Have you thought about a cash out refi on your current home? to put the cash in to your home to make it bulletproof rental. Only thing I would watch out for on the HELOC is it will be a variable interest rate and with where rates are right now and the FED already talking about them going up next year make sure your numbers still work if interest rates do go up. Just my two cents. hope all goes well!!

Francisco, I am newer into the BRRRR strategy so I have been doing a ton of research myself everything I have found says if it is not your primary residence and you are carrying a mortgage on the property when you go to refinance they will let you cash out refi 75% of the appraised value. After the 6th month seasoning time.

Has anyone tried rolling there renovation cost into their purchase price in the Nebraska area?, I'm on my first BRRRR property and just want to make sure I understand fully how this works a few people I have talked to in the underwriting and lender side have never heard of this.

Yes tenant is paying about $200 under market value, behind $400. I would really like to BRRR the property but with tenant in there would make it tough any suggestions?

Thanks for replying!, I will definitely ask for that information tonight when we look at the property and the lease agreement really do not want to go through the headache of court system evicting thanks again!

We are looking at buying a property in Nebraska where the tenant is couple hundred bucks behind rent. The tenant has been there for roughly 5 years and receives money from the government to pay rent. What are the best options for this situation? Any advice from the trenches?