All Forum Posts by: JR Paulemon

Hello Kole,

I use Tenantcloud. It gives me about 4 options of payments I can use, and I use Dwolla (it's free for me and no fee for the tenant). It can take 3-5 days to receive payments but it tracks the payment as soon as it's made so the status of the payment will be pending and it sends you an email notification that your tenant has made his/her rent payment. When I see pending I know that my tenant has made the payment. If it's the 1st of the month and no payment has been made it will list it as unpaid. There's settings that you can set for automatic late fees your tenant can receive if payment has not been made.

It's a one stop shop for me and it has a great app. I track my expenses, income, repairs, leases, listings, etc. It is very user friendly. One of my tenants is a engineer at the Kennedy Space Center in Florida and he absolutely loves using it. He was asking me so many questions about the company behind it cause he did everything from his phone through the app for tenants.

I hope this helps!

Thank you @Laszlo S. how  is that for you? Do you still have the utility bill under your name? If so, you just add it to their rent or do you literally give them the bill for the month and you leave it to them?

Thank you so helpful! 

@ Thank you for the awesome tip! I will contact the local utility company and get some info. Yes, the turnover is high for students but because of the area being close to a lot of tourists attractions i.e. Disney World, Universal, etc. I plan on utilizing AirBnB during vacancy. I will use that term as well. Thank you!

@Rod Hanks I will put that on my to do list. I know, I did that as well! lol! And that is what concerns me the most. I am looking at a property that has solar panels that will help alleviate the cost of electricity. But it is $10,000 over my budget. I am trying to crunch the numbers and see if it's worth the extra 10k. Thank you both for some great ideas that I can put to work.

Thank you! 

Hello BP!

I am currently searching for a Buy & Hold property in the Orlando, FL area more specifically the 32826 and the surrounding areas. I am currently looking at properties and I want to make sure my numbers make sense. Knowing the HOA fees and taxes helps me but not having a rough estimate for utilities worries me. I am looking for investors who are in this market and currently renting rooms to College students that can share some insight to the costs associated with renting rooms individually to students. My question is what are your monthly expenses? How much does your power/electricity cost you each month? Do you find yourself with a positive cash flow at the end of each month? I want to buy right and make sure I put in an offer with a price that makes the most sense for my strategy.

I thank you in advance to anyone that can share some insight on this topic. Looking forward to reading some great comments!!

I am new to BP and looking for some great advice from investors in the Orange County, FL area. I am looking to invest in multi-family homes in Orlando, FL around University Dr. near UCF. I live in Brooklyn, NY but my fiancée grew up in Orlando and she is very familiar with the area. 

This is an old post but hopefully I can get some replies. I am new to BP and looking for some great advice from investors in the Orange County, FL area. I am looking to invest in multi-family homes in Orlando, FL around University Dr. near UCF. I live in Brooklyn, NY but my fiancée grew up in Orlando and she is very familiar with the area.   Anything would help, thank you!