All Forum Posts by: Judd Campbell

also to prevent lock outs from being an issue change the door handles to passage handles with no key or locking button.  this will make the tenant use the key to lock the deadbolt when leaving.  zero issues with getting locked out. 

I have a guy that I have used as a casual handyman for the past 18 months.  He lived a few houses down from a property I bought in early 2014.  He is a single guy that lives very close to the edge financially.  He works odd jobs for people in the area and seems fine making ~1k / month.  He currently has no car.  I moved him in one of my rentals that needed some work. (leaking roof, new floors, new doors, paint, drywall, a few windows, etc. ) Market rent is $700 for the place but in exchange for the labor I cut the rent in half the first year and have it increment up $75 / year until we hit market rent. 

I pick him up on Saturdays and we do work for 4-10 hours  when I have something going on. 

I want my Saturdays back with my kids.  I was debating getting him a $500 car, a mobile phone, free rent, and $400 / month to cover his phone, insurance, and fuel. 

Trustworthy guy, he has been to my house multiple times to help me work there. 

I would be 1099'ing him for the $1100 / month and with the car he could work other jobs as well to make more money.  

I would have him do repairs, show units, turn units, & take phone calls from current tenants and prospective tenants. 

I would still want to do the background searches on the applicants and do the finances.  

He would be working 3-5 days a month most months.  as I buy other properties he could have more extensive projects.    

As a data point I have 20 units and they are all within 20 min of his location. 

Would I need to get workers comp  or liability insurance for him?  How about withholding? 

I want to set him up with a bank account and an email, he currently has neither. 

Guy is mid 50's.

Thanks guys. I will file the appropriate paperwork. 

I had paid a casual worker approximately 1000 half way through the year when in July he died of a Heroin overdose. He was not married and was living with his elderly mother. He has no estate. If I file a 1099 on him will his mother be responsible to pay taxes on it? I don't want to create any additional burden for her.

Holy old thread! Well, did the OP end up suing? Or sell the house?

For a data point I have a 15 year note on a townhouse that I paid 40k for (30k note) PITI runs 308 per month while rent is 650.

You did great. Good numbers

I had a tenant with a big dog. They would not meet me at the property when requested. I told them it would get ugly if the dog came at me and I had to defend myself. I would be ready. They showed up. With 2 dogs I would suggest something large caliber.

Ask them to open a credit karma account and print all the pages. That is what I do. Also verify everything on the application. Call the landlord and be sure the name matches the property owner.

Bankrate.com has a calculator and amortization table for this. Check it out, I use it all the time.