All Forum Posts by: Kevin Phu

Hello! I need recommendations for an Electrician to replace the exterior main panel on a home I will be closing on soon. Current panel box has no main disconnect and needs to be updated to one that does. Thanks!

0 Votes

I will be closing on a SFR soon. What kind of tax strategies should I look into and learn more about? Also, any CPA recommendations and/or tips on keeping track of expenses/documents?

1 Vote

@Amanda Han besides your book, which is on my reading list, any other great recommendations?

0 Votes

@P.J. Bremner, I am about to close on a primary residence (SFR) that I will be house hacking. Do you see your CPA being one that may be a right fit for me even if I don't have multiple properties yet? If not, what do you think are some key things I should look for in a CPA for my situation (aside from being real estate savvy)?

I know it's a loaded question and will probably be pretty general. Just trying to find the right starting point. Thanks!

0 Votes

Following because I am about to need a real estate savvy CPA as well.

0 Votes

Originally posted by @Michael N.:

@Kevin Phu, yep almost exactly like that but make sure it's for both landlord and tenant something like: until either party chooses to terminate the agreement by providing at least a 30 day notice.

*face palm* the landlord part sounds pretty important lol thanks!

0 Votes

@Steve DellaPelle, congrats from a fellow Masshole (I'm from Watertown)! What are the details on the 4 units? Bedrooms, baths, rent, etc...

1 Vote

Originally posted by @Jenifer Kynor:

This is a great idea! I've heard of lots of people asking pre-screening questions over the phone before inviting the tenant to apply, but this is much more efficient! <b>Another quick way to pre-screen is to walk applicants to their car. This gives you a better idea of how they will treat your home, if it is filthy and full of trash that is a big red flag! </b>

I am glad to see you are being so cautious with screening. It is the most important part of landlording! Your prescreening along with a background, credit, and eviction report should minimize your risk of a nightmare tenant. Don't forget to call previous landlords and call for employment verification as well!

Good luck to you!

Excellent idea! I've always believed that seeing how one takes care of their car is a good indication of their character. After all, a vehicle is USUALLY one the largest purchase a person makes aside from a house. My opinion though...

1 Vote

@Michael N., when using a month to month lease, what kind of verbiage do you have in there to have the contract carry on month to month without having to resign a new lease every time?

Something along the lines of "This is a month to month lease agreement set to renew automatically at the 1st of every month. Tenant must provide a written minimum 30 day move out notice in order to terminate this agreement" ?

1 Vote

All Forum Posts by: Kevin Phu

Kevin Phu has started 61 posts and replied 472 times.

Post: Tax Strategy for SFR House Hack

Post: Looking for Electrician in Ventura County

Post: Tax Strategy for SFR House Hack

Post: Websites for Taxes and Tax Advantages

Post: California/Ohio CPA Recommendations

Post: Real Estate CPA in Ventura County

Post: House-Hacking Lease with friend as a tenant.

Post: Closed on My 1st (2nd) Property!!!

Post: Renter Screening - Pre Form

Post: House-Hacking Lease with friend as a tenant.