All Forum Posts by: Jon-Michael Veronesi

QuickBooks just jacked up their prices again so I’m taking the opportunity to ask if there is a better (and cheaper) option for my apartment business out there. 30 units.

Any suggestions?

@Jon-Michael Veronesi oh and I’m in Massachusetts if that matters

A tenant broke the front door during a domestic incident where the cops were called. I temporarily fixed the door and ordered a new one. Because of Covid, the door didn’t come in for months and then it was winter and too cold to replace it. I have warned the tenant I’m meeting a contractor to do the work and they won’t respond. If they don’t answer the door, am I within my rights to open it and let him work? Even if they’re home? I’m guessing I am. I just want to make sure. They’re an aggressive young couple that I can see giving me problems because of it.

@Nathan G. Thank you!

@Greg Scott thank you!

I have these chronically late tenants. I gave them a 14 day notice to pay or vacate. Time ran out so I filed with the court and sheriffs office. This cost about $45. The sheriff must've came and the tenants put a money order in the box dated 4 days ago meaning they just forgot or didn't care to put it in till the sheriff came. Not gonna go through the rest of the eviction process bc as a LLC, id have to hire a lawyer and it'd likely be expensive. Do I just photocopy the receipts and send them a bill? Also, how do I enforce the bill if they don't want to pay?

@Juan Vargas great, thank you!

I have a 30 unit in an LLC with quite a bit of equity and was wondering if it’s the same as refinancing a house. I know I’m not able to get a HELOC. Basically, I’m wondering if I can just pull 70% of that and BRRR with it.

@Joel Owens Thanks you and ya, i agree. I feel like the 30 units (and under) is in that middle ground where it can be profitable but not enough to live on without other income if you’re hiring out the work. May have to buy more doors just to pay for the help.

@Jill F. That’s exactly what I need. I like the free rent trade off. Way better idea. Thanks and good luck!