All Forum Posts by: Jessica Monroe

We're currently under contract on a business + building. Launder mat, tanning salon. The Launder mat is currently outsourcing dry cleaning but possibly bring it in house in the future. We will be managing the business including part time employees and the day to day. Anyone who is in this space would love any tips or pointers. 

Thank you in advance!

Welcome @Blaine Knight - let me know if I can help in Lincoln!

Thanks so much for all the feedback! To be clear he isn't illegal but just not on the lease. Tenant said he was staying with her for a while and said if he's there for more than a week he needs to fill out a rental application. He apparently didn't want to do that so she let me know she was kicking him out. Tenant upstairs let me know she saw him carrying out a tv and yelling. 

@Joe BertolinoI like the idea of putting up cameras to let them know we're watching! We've filed a "crime stoppers" report so if we need to get law enforcement involved we can go that route. 

Thanks again!

We recently purchased a duplex and tenant in unit 1 is good about keeping me in the loop about what is going on. Within the last week she let me know about a "new roommate" in unit #2. A few days later she lets me know there are a lot of people coming in and out of unit #2 at all hours and neighbor noticed a lot of traffic. She said she is scared because some people have been coming to her door looking for someone. 

My question is what is my landlord responsibility. Most importantly we don't want my tenants to feel unsafe, #2 if there is any funny business going on we want to put a stop to it quickly. However, with nothing "on record" where do we start? 

I did tell tenant #1 not to be afraid to call the police immediately if something gets out of hand but she doesn't want to cause any problems. 

Thank you in advance for all your input!

Thanks so much Megan, I think I'm going to go with Cozy!

 I agree with Joe - Lincoln is great for investors with multiple colleges here (University of Nebraska, Wesalyn, Union College & Southeast Community College). With that we also have a growing city with lots of startup setting up shop here or moving back to Lincoln with the huge startup community. I would suggest looking on the Northwest side of Lincoln for that price range and decent areas - families tend to flock south where most new construction is going so higher prices & taxes. Feel free to message me if I can help with your search!

Our LLC has our first duplex under contract (fully rented). I will be the sole manager / boots on the ground. Since we just have one property looking for suggestions on landlord /management programs for day to day book keeping & screening potential tenants. Any other advice greatly appreciated - thank you!

@Jay Helms Thank you, those are all great suggestions - we are meeting this weekend to iron out what how we want to structure. What exactly do you mean by Class A vs Class B share type?

We currently have our first duplex under contract but no LLC set up here's our situation:

4 parties involved:

- Individual #1 & 2 are providing capital (cash / line of credit)

-  Individual #3 is going to be their for maintenance / bigger projects / inspections on properties before we purchase - he will likely not be putting as much cash in the game but a vital piece as our capital parties don't want to be hands on.

- Individual #4 (myself) is a licensed agent helping find properties and handling the management. I will contribute capital but not as much as #1&2 at first. 

I have been in contact with a lawyer who specializes in this so trying to get our ducks in a row instead of walking in and racking up hourly fees. If anyone has suggestions on how to structure this or even how not to structure please let me know! We want everyone to have skin in the game so to speak but also if someone wants out a way or another party wants to join we can do that as well. 

Hey everyone! I'm a real estate agent in Nebraska. Within the last few months I've helped investors buy 5 rental properties. While everything went smoothly and they'll be ready to buy more in a few months I have another set of investors ready to buy. 

My question is as an investor what do you wish your agent told you / helped you with?

Currently I have what I feel like are the basics: history of the property, local rents in the area, BP reports, access to get repair quotes quickly, etc. 

I want to be efficient, knowledgeable and their go to so looking for any tips / what to do / not to do.