All Forum Posts by: Jerry L.

 How much is the service? 

We'll be looking for our first tenants in these next few months using Smartmove. My question is after choosing between a few possible candidates,  do you usually meet them in person to help narrow down the choices? 

Also once I choose the tenant and we work on the Lease agreement, what are my options on rent payment options? I don't want to collect in person. I've been referred to Clear Now, it seems like it would be something I would use but it costs money. Any other options I may have? 

Got it thanks for the inputs everyone I appreciate it. One more question regarding the garage door openers, I have one opener for each garage doors, should there be a clause and what would I put or charge if the tenants doesn't return the garage door openers? 

My wife and I are grooming our single home for rent. We'll be including frig/ deep freezer in the basement/ dish wash/ stove/ microwave/ laundry wash/dryer/ water softener system. My question is how much above comps could I list my rent for? And is that too much maintenance liability on my end? I'll be planning to include the salt for the water softener and filters for the furnace as well. I'm thinking that will interest more tenants, and that will be my way of coming every other month or so to do an inspection at the same time while I replace the filters/ add salt ects. Thoughts? Also the reason we are including all the appliances is that we don't want to move it back and forth, we'll be living with my dad until we find another investment opportunity. 

 We actually used a conventional loan for our first property. I forgot what it was exactly, but we pretty much took over the house from my sister to put it under our names. I would be interested in getting in touch with experienced loan officers with RE investing in the area for sure. 

Hi everyone, new to the forum. Looking for some info let me put down my current situation below. 

My wife and I are currently a single home owner in the Kansas City area. We owe roughly around $110k on the loan, the house came back at $230k appraised. I am the only one working, my wife stays at home watching the kiddos and finishing up her schooling. We want to get our feet wet in RE with a duplex. Plan is to move out with my dad and rent out the current home. We'll look for a duplex in the process and take out a HELOC from the single home for down payment on the duplex.

I was contacting my loan officer, he helped me structured the loan on my single home purchase. He mentioned it would be very hard for me to get approved for a duplex when we already own a single home. Because the UW will know that we obviously are buying the duplex as an investment property. 

What other options do I have around this?