All Forum Posts by: Leo Grinberg

Anybody?

So I'm wondering if it still makes sense to pay off the primary mortgage when I don't do itemized deduction anyway.

I refinanced my rental with cash out because I couldn't get anybody willing to refinance principal under $150k($135k to exact) or the interest would be too high. By taking $100k out I moved from 5% 30 years to 3% 15 years on rental. My principal on primary is under $100k at 3.25% and the same thing, nobody really wants to refi it. I understand that I can't deduct full interest on the new $235k loan but if I payoff primary I would lower my real estate payment by $700 per month. That includes my primary and rental I did some remodeling in the same rental replacing kitchens. I believe I would still be able to deduct interest based on $135K.

The rental is a duplex. I don't think it makes any difference.

Does it still make sense in my case? At least in my opinion I'm not losing anything.

Thanks in advance.

@Stephen White

What is the difference( if any) when I would use RentPrep through TenantCloud vs directly? Do you still make calls if used through TenantCloud?

Thanks

Price. $15 vs $40 in Cozy and TenantCloud does not even offer a bundle credit and background yet.

I don't know if I'm missing something. If I'm then what I'm missing.

Any downside for Experian tenant screening for $15 per person? I see that Cozy and TenantCloud are more expensive. I know, landlords passing the amount to a prospective tenant but why not to get cheaper option and known name.

Thanks

How do you guys handle section 8 participants and section 8 payments in Tenant Cloud? Can I just record payments for rent received from outside of Tenant Cloud?

I primarily want to use Tenant Cloud as properties and tenants/new applicants inventory and background, criminal and eviction checks.

Thanks 

I always wonder how a company who give their services for free makes money. Do you know how naborly does it? I'm not sure if I want to create a liability for myself by putting my potential tenants in security risk. I know that some other screening services sites will bill prospective tenants directly so I don't even have to collect fees for it.