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All Forum Posts by: Jess Hewitt

Jess Hewitt has started 3 posts and replied 56 times.

Post: Which Self-directed IRA company do you use?

Jess HewittPosted
  • Rental Property Investor
  • Houston, TX
  • Posts 64
  • Votes 29
Quote from @Helen De la rosa:

Which company do you use for self directed IRA? I found there are quite a variety of them. From charging a flare fee then transaction fees for every check, wire transfer, annual tax reporting etc.

Thanks for your advice in advance!

I went with IRA Resources as they had low fees and waived account opening and title transfer fees.

Post: Which Self-directed IRA company do you use?

Jess HewittPosted
  • Rental Property Investor
  • Houston, TX
  • Posts 64
  • Votes 29
Quote from @Logan Hassinger:

@Helen De la rosa

I went with Safeguard Advisors and @Brian Eastman, however I’ve also used Quest Trust who is based in Houston. You should look in to one of their local meetups. 


 Logan - what did you like about Safeguard?  Quest is closing so I am considering other options.  JH

Post: Subsidized housing tenant harassed by neighbor

Jess HewittPosted
  • Rental Property Investor
  • Houston, TX
  • Posts 64
  • Votes 29

I have a long time tenant who has been on a hosing voucher for years and I have watched her turn her life around over the years.  She takes great care of the condo.  She even bought tools to change the AC filter every three months.  She has studied hard to get a job and now has a career for herself to support her son.  However, she is being harassed by a neighbor who discovered she is receiving a subsidy for housing.  The neighbor has installed security cameras in the hallway to monitor my tenant and even questions my tenants guests.  My tenant just bought a car so now the tenant is harassing her about using the stairwell instead of the elevator as the stairs are closer to her parking spot.  The neighbor has called the police when my tenant has told her to leave her alone in a not so nice manner.  My tenant is a young women but raised by a strong mother who taught her to stand up for herself.

The neighbor is intent upon getting the HOA or me to boot my tenant out. We offered to meet with the neighbor at the HOA management office but she declined. After several years of these complaints the HOA has told the neighbor that they will do nothing. She has called the housing authority but they will not take action. The neighbor has left me messages and emails about how I will be responsible for any harm to come to her by my tenant and that she will sue me for any damages. I have blocked her number and email.

I really want to protect my young tenant and her son.  The other neighbors are all warning her and she is worried about what will happen next.

Is there anything that a landlord can do to stop another condo owner from harassing the landlord's tenant?  I am ready to call my attorney but I wanted to ask other landlords their advice.  What legal steps can be taken to stop the harassment.  

Post: Simple Cloud Based Mortgage Software to Track Payments Escrow

Jess HewittPosted
  • Rental Property Investor
  • Houston, TX
  • Posts 64
  • Votes 29

Message back from Mortgage+Care starts at $3k.  Excellent functionality but too much for my application.

Post: Simple Cloud Based Mortgage Software to Track Payments Escrow

Jess HewittPosted
  • Rental Property Investor
  • Houston, TX
  • Posts 64
  • Votes 29

Bad news from TValueOnline:

Hi Jess-

Thanks for your email. Unfortunately, TValue Online does not have an escrow account option.

The only way I have heard someone to use TValue for escrow is to create a separate schedule with a zero interest rate simply to keep track of the debits and credits in an account.

Please let me know if you have other questions.

Markus Mollica

TimeValue Software

Post: Simple Cloud Based Mortgage Software to Track Payments Escrow

Jess HewittPosted
  • Rental Property Investor
  • Houston, TX
  • Posts 64
  • Votes 29

Thanks @Don Konipol I will check it out.

Post: Simple Cloud Based Mortgage Software to Track Payments Escrow

Jess HewittPosted
  • Rental Property Investor
  • Houston, TX
  • Posts 64
  • Votes 29

Looking at TValueOnline and Mortgage+Care.  I want something very simple that can track payments, interest, escrow for insurance and taxes, issue 1099's and monthly statements.

Post: Simple Cloud Based Mortgage Software to Track Payments Escrow

Jess HewittPosted
  • Rental Property Investor
  • Houston, TX
  • Posts 64
  • Votes 29

I don't own many loans but I need a more structured way of tracking payments and escrow accounts.  I need report-writing capability to issue statements and 1099's.  I just need the tracking software not any other bells and whistles like origination information or payment receipt capability.  I would prefer a system that is set up for me to populate that can handle simple loans - nothing exotic like wraps.  I could also use a well vetted spreadsheet template.  What do you recommend that will not cost a lot?  Thanks in advance for your recommendations.

Post: Looking for Reliable Wholesaler Where to Find?

Jess HewittPosted
  • Rental Property Investor
  • Houston, TX
  • Posts 64
  • Votes 29

Bandit Signs?  I call every one of them and only connect with a person 1 out of 10 signs.  I don't know what to recommend for a reputable wholesaler as they come and go.  I get on every list possible and over time you can get a sense of the wholesaler's business.  Then meet with them and establish a relationship.

Post: Caught some of my tenants renting out rooms. What to do?

Jess HewittPosted
  • Rental Property Investor
  • Houston, TX
  • Posts 64
  • Votes 29

Totally agree with @Marian Smith And @Cameron Norfleet has great ideas about extra provisions in the lease. I bought a condo for my nephew while he was in school and he was responsible for renting out one of the bedrooms.  Each new tenant acknowledged the lease, submitted to credit check or parental guarantee.  So I had renter and parents info.  There was no drama and it worked out well.