All Forum Posts by: Jason Smith

Well Chris K., you have a better answer than my attorney did!

Not giving any legal advise here but the local laws require someone within a local phone call to be a contact person for a rental property, with that being said....  it does not require it to be the owner or a realtor.  Your friend down the street can be the contact!

You can hire a lot of things without hiring a licensed realtor such as a secretary, customer service representative, an advertising specialist, general contractor, cleaning service etc.  

A good example is wholesaling, by its title it is not allowed in PA but contract assignment is?  

The original post was over two years ago in which I have become an employee of a company that manages its own properties....   yes, an employee.....  not what I wanted but it has enhanced my skills and enabled me to learn more about real estate then I could have from a book.  The relationship I have with the owner of the company was several years in the making and I wouldn’t do what I do for anyone else in this area!

I think your question is better suited for a lawyer!  An employee of a company can do most of the same work authorized by an owner.

It’s going well, one thing property management never is, is boring!

I am not a wholesaler, neither was he. He just lost a full price offer on his 6 units. He was asking 110, I offered 85, he moved to 100K, my money backed out and I offered 150k if he would finance 100% at 9 year payoff. Then he said he had a loan and wanted it paid off. Originally told me it was free and clear. He lied, I won't buy.

I was more looking for a multifamily seller disclosure, I just had them fill out a new one for each unit. It turns out that he wanted 5K down for me to see the disclosure. I didn't make an offer. The property is still listed and it has been about 2 months.

Thanks the the tag @Paul Timmins I think there is going to be a lot of Jason Smiths on here!  @Jason A. Smith Welcome to the adventure!

My CPA this year didn't ask me any questions at all to prepare my taxes, he asked for a copy of my Quicken files and gave me a tax return back a week later and charged me over 1000$. I'd there anyone from my area that can help with tax planning and prep for next year? I am north of Pittsburgh, near New Kensington, Apollo, Butler, New Bethlehem, Indiana, Allison Park, Sarver... I hope the key words help me find someone! Thank you!

This post will involve two questions, the first is what program works best for your property management in your own portfolio and for managing others properties and why?  The second part is: How do you organize your file cabinet, what file folders do you include, and What is the best organization tips you can give?

I have had several inquires about managing others rentals and am considering adding some property management to my spare time.  Thank You!

Thank you all! Sounds like great advice. Do you think it may be beneficial to move up to a corporation and sell stock to other investors at some point or just create a new LLC for each partnership?