All Forum Posts by: Jeremie Cortez

Thomas S. I am learning. I am taking classes and reading lots. It was just a quick easy question for more experienced people. That is the purpose of Bigger Pockets. Networking and education. Thanks for looking out though. Misinformation could lead to a lawsuit.

I am about to meet with a new tenant that has passed all qualifications so far. Is it standard practice to ask to see a copy of the SSI card?

Thank you so much! That's what I thought it was, but I wanted to make sure.

Hi all, I have a tenant whose lease is coming up at the end of July and we don't want to renew with them. What is the proper course of action in California? They have lived there for only 1 year as of Aug 1st. Thank you, Jeremie

Chris Mason thank you for your response. Does your company have these lender overlays? Or can you recommend any lenders?

Hi all, I am the trustee of a property that is paid off. I am trying to cash out refi on that property and the mortgage broker I am working with says that I need 6 months worth of my personal homes mortgage and of the proposed new mortgage. Is this standard practice? I knew about needing 6 months of the new loan payment amount but from everything I've read and heard it did not include my personal mortgage too. Please help! Thank you all!

I purchased a property with tenants in place. I closed in December around Christmas. I gave both tenants a welcome letter informing them of how to pay rent and of emergency contacts. Both tenants are on Month to month leases. I am going today to start a new lease with one of the tenants. Can I back date it to the 1st of January or should I just start it on the 1st of February? I am in Sacramento. I am only giving month to month leases for now. Thanks in advance for your advice!

I just closed on a duplex in Sacramento that has tenants. I am going to self manage this property. Where do you recommend I get the rental forms I will need. New leases, 3/30/60 day notice, notice of change of terms, notice of entry? Thanks for your help!

I just closed on a duplex in Sacramento that has tenants in place who were on existing m2m leases. I am going to manage this property myself. What is the proper process to get them on a new lease in my company's name. Do I have to give them notice that it's coming? This is my first time managing. And I want to do this so I have the experience but when I get more property's I will use a prop manager.

@Daniel Hyman I have an LLC that owns the property. The LLC has an operating checking account. I think I will be opening a checking and savings for my property also for easy accounting. As of now I only have 1 property so this is a viable option. Once I purchase more properties I don't see that option working any more.