All Forum Posts by: Joe O

If you can find deals like that, with the numbers being realistic, you should have no problem finding buyers.

As you say, the best way to learn is get started. It seems like you have a good buyers list, so go start looking for deals. Post if you have questions along the way. :D

Really depends on the tenant. I have a few whom I text with, but a surprising amount don't have access to the internet. Some even use landlines O_o

Wow, that's quite the eye candy! Amazing.

Any chance you'll share the excel spreadsheet itself (with fictitious numbers in, of course)?

Yeah, there's programs that will let you sign a PDF.

I wouldn't personally, just because I'd worry the tenants have a feeling it's less "real," they might try to claim it wasn't them, etc. All possible occurrences with pen and paper, but I feel like the electronics will make it more likely.

I'd rather just have two printed copies, have you and the tenants sign both, they keep one, you keep one.

The question you should be asking in this case is: "Why?" not "Why Not?"

No need to get fancy for no good benefit.

Disclaimer: I love my iPad, iPhone, etc. And I have signed PDFs of contracts, counters, etc. and emailed them off, because faxing sucks. In those instances, I do it. But with tenants? Probably not. I just wouldn't overcomplicate things for no reason.

Sure, that's a good idea for him to upload it here, if he's willing. :mrgreen:

Kenneth, I'd love to see a copy of that spreadsheet. Any chance you can upload it somewhere (Google Docs or a file sharing site like Dropbox) and post a link?

I would want to be contacted for any repair over $100.

I'd have more in escrow they could access, so they don't have to wait for funds but could immediately work once approved, but if it's over $100, I'd like to be notified.

That's really something you would work out with your property manager though.

Make sure they also give receipts, etc. for every repair.

You should be able to get 30k on that, leaving you 5k profit. At 30k it almost meets the 2% rule (and exceeds at 25k), 10.8% cap rate @ 30k (13% at 25k) using the 50% rule. Numbers seem good, the buyers will come.

Why can you not deliver a letter in person to the tenants? Why are you so fixated on the certified letter?

Oh, and K is still blowing smoke. "I did send it, let me rescan it?" What?

If you had it scanned in and sent, she wouldn't need to rescan. She could forward the email from her sent box. She could reattach the scan in a new email.

Unless you actually believe she deleted the scanned in file AND went to her sent email and deleted that email. Why would she ever do that?

It's at the point where you basically shouldn't believe anything she, or the tenants, tell you.

Can you go to the house and talk to the tenants and tell them all money needs to go through you, and get their phone numbers?