All Forum Posts by: Joseph Leibovitch

Has anyone rented out their SFR as an Adult Care Residence? How did you find the tenant? What local resources are out there to connect to operators?

Thanks! 

Joe

@Dan H.

Thanks for your detailed reply. Your input is very helpful!!!

@Dan Thomas I honestly do not think Loan Officers should even have after hours. Their clients are busy all day working and need them the most after working hours. (Everyone needs a break though :))

@Susan Kim sounds like you really get it! Being totally focused on your client will surely not go unnoticed!!!

@Joe Splitrock Thanks for your input!!

Being organized is for sure an important part of this equation. As a borrower I know what docs the lender generally needs so I start getting those ready as soon as I get the lender involved. I have had my lender tell me I was one of his easiest clients because he does not have to chase me. In return he moves extra quick for me to get me closed quicker and with less headache. Relationships, relationships, relationships!!!

@Caleb Brown Thanks for posting! Do you have an example of a loan officer dropping the ball? 

@Nick Riccio Thanks for weighing in! I am looking for all perspectives! Clear communication is key. Knowing the clients goals is huge! Thanks again for this input

We are all going to need to work with a Loan Officer during our RE investing. The experience can be smooth or challenging. What were the actions that made a loan officer stick out as great and what were the action that made him seem to be a pain? 

@Valerie Post I agree about the issue of paying too much taxes. I have both a rental and I do not almost any taxes on it. Flips are harder to reduce taxes on. But there are a lot of expenses people do not consider. My accountant has a long list for me to keep track of all sort of expenses and it has helped me save in taxes. With my new accounting firm I actually got a refund this year!!! A solid accountant  who understands investors is key.  

That is smart. I am not familiar with a template for that. I wonder if a site like blue moon has something. They help you create leases with state specific legal verbiage. They may have something for you. 

Best of luck!

Joseph