All Forum Posts by: Janeen Archer

I'm thinking of taking a job with this startup, https://inbestments.com It's a new analysis tool that will analyze scores of investment grade properties almost instantly and does hold and flip analysis. Customers are primarily investors and agents working with investors in the greater Seattle area. They will be quickly moving into Oregon and California and beyond. You can sign up for a 14 day free trial. see a quick video under agent to get a quick rundown. I've heard only 15% of startups make it. If this looks like something you think agents and investors will be loving, let me know. 

Thanks, Janeen

He makes $275K, she makes $87K. I talked to them and it was an Asian buyer that doesn't understand English well and is being unreasonable about the a 30yr roof (that is currently 10yrs old.) In the inspection report it said show normal wear and tear and has 20 yrs of life left and this buyer is demanding they replace the roof...they cut him loose and are back on the market with an open house today. They say they'll sign the lease if the language states that if they break the lease they pay 2 mo lease break fee or be rent responsible until it leases. However I just noticed the lease I prepared only assigns a re-rent fee and I only put $2200 with no rent responsible clause. This lease seems a lot less complicated than the lease agreements the REIT I use to work for used. Most of that was boiler plate WA law.

If I do, what about the $250 admin fee? I've spent $95 joining a website to create the lease. Or should I try to get them to sign since they really want my condo and have them do a regular lease break if they wanted out. 

I had a lease signing scheduled today with a couple who are selling their home to build one and were going to lease from me for 18 months while buying land and building. They check out as the owners of the property but said a pending offer fell through and didn't want to sign the lease for 18 months in case something bad happened and they couldn't sell. (this is Seattle...they can't NOT sell unless they're doing something very wrong) but wanted to give me one months rent, $2200 to rent it for 1 month thinking it should be sold by then. They claim they will not move in so I don't have to re-clean if I need to re lease it which they've stated a date that I could start advertising it. Once they sell they will sign a lease for the remaining. How do I legally rent it for one month, then release it for the remaining period. Is there a danger of something horrible happening by doing something as minor as not sending them a renewal letter on a one month lease?

I was reading 5-8 days about Cozy.  I think I'll need something a little quicker. Can you use Paypal? I use to sell on Ebay and used it all the time. I don't remember what kind of fees they take though. 

Eric - I'll look at rentalutions.com. $2 seems reasonable.

Hi, Just leased my condo for the first time. I need to find a good WA state lease I can have signed online. Hoping for free? 

Also does anyone know a service that I can have rent auto-withdrawn from my renters bank account? They're asking.

I have windows 10 and still nothing.

Trying to open the pdf form files from the book found on this site. When I try to open them it says Adobe can't open them because it's not a supported file type or  damaged...Help! Does anyone know where to find free forms you can save and personalize yourself without joining for a fee or making each form on their website?

Since this cash flows great even when other expenses are factored in, my community has a rental cap and there's a couple spots open now when there usually are not. I wanted to secure a spot not so that I can continue to rent it. 

I've checked some comps in the area and my price of $2200 is good. I'm a fan of the 1031 exchange too! My mom did 2 1031 exchanges on 2 properties she bought in 1971 and made a ton of money and saved over $350K in taxes and now when I inherit it it's stepped up in basis to today's appraised value! 

My mortgage, taxes and HOA on the condo is $1045. I was told today I should ask $2200 per month. I'm applying for a 1x1 apt for $1465. I haven't taken out vacancy, cap ex etc but with $1155 after my mortgage once I took those out I'd still be doing pretty well. I will be managing the condo. I worked in apt leasing for 3 years.

I'm Ubering on the side so I can cover the mortgage if I'm w/o a renter for a while. Plus $95K HELOC available to me as well.