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All Forum Posts by: Kevin Lorick

Kevin Lorick has started 10 posts and replied 22 times.

Post: My property manager deposits rent into his account before paying me, is this normal?

Kevin Lorick
Pro Member
Posted
  • New to Real Estate
  • Posts 23
  • Votes 4

I will look over our agreement again but thank you for your advice.

Post: My property manager deposits rent into his account before paying me, is this normal?

Kevin Lorick
Pro Member
Posted
  • New to Real Estate
  • Posts 23
  • Votes 4

Hi,

I'm seeking advice. I'm relatively new to buying and owning Properties in the Philadelphia area. I recently hired a property manager to handle almost everything, like the rental license, lead inspection, and repairs. However, is it normal for the property manager to deposit the rent payments into his account before depositing them into my account? He's been deducting money from the rent for repairs and other costs. I don't want to accuse him of stealing, but it seems fishy? 

I'm looking for advice on this situation.

Post: Real Estate Meet-ups

Kevin Lorick
Pro Member
Posted
  • New to Real Estate
  • Posts 23
  • Votes 4

Thank you for your help.

Post: Private Lender- interest only payments

Kevin Lorick
Pro Member
Posted
  • New to Real Estate
  • Posts 23
  • Votes 4

Thanks much appreciated.

Post: Private Lender- interest only payments

Kevin Lorick
Pro Member
Posted
  • New to Real Estate
  • Posts 23
  • Votes 4

Thank you for your help.

Post: Private Lender- interest only payments

Kevin Lorick
Pro Member
Posted
  • New to Real Estate
  • Posts 23
  • Votes 4

I’m looking a Private Lender to Lend on 2 single family homes 3 bed & 1 bath both will be purchased subject to.

1 property ready to be rented, will be rented $1500 October 1st.

2nd need minor repairs not over 10k

Seller asking 60k each

Need about 70k for 6months

If interested please reach out.

Post: Private Money Lender

Kevin Lorick
Pro Member
Posted
  • New to Real Estate
  • Posts 23
  • Votes 4

Sure we should connect.

Post: Real Estate Meet-ups

Kevin Lorick
Pro Member
Posted
  • New to Real Estate
  • Posts 23
  • Votes 4

Thank you for that information.

Post: Private Money Lender

Kevin Lorick
Pro Member
Posted
  • New to Real Estate
  • Posts 23
  • Votes 4

I will be working with other investors for funding.

Post: Private Money Lender

Kevin Lorick
Pro Member
Posted
  • New to Real Estate
  • Posts 23
  • Votes 4

Great advice, I agree with your statement. There are risks in your everyday life. However, you don't stop living because of the risks, you live one day at a time.