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All Forum Posts by: Jeff J.

Jeff J. has started 26 posts and replied 60 times.

Post: Asset protection...does it even matter?

Jeff J.Posted
  • Investor
  • Saint Paul, MN
  • Posts 60
  • Votes 5

"some free and clear commercial assets into LLCs, then slapped huge DofTs on them the same day. Costed me $300 in legal and recording to cloak almost two commas worth."

What is a D of T?

Post: Travel expenses to look at real estate for purchase?

Jeff J.Posted
  • Investor
  • Saint Paul, MN
  • Posts 60
  • Votes 5

So  If I have rental property in Southern California and I travel to Northern California to look at possible rental properties for purchase (even if I don't purchase) can I deduct my travel costs?

That is, would Northern California be considered to be in an area (state) where I have rental property or is it a new area and so no deduction?

Jeff

Post: Self managing out of state multi family?

Jeff J.Posted
  • Investor
  • Saint Paul, MN
  • Posts 60
  • Votes 5
Thanks everyone for your advice!

Post: Self managing out of state multi family?

Jeff J.Posted
  • Investor
  • Saint Paul, MN
  • Posts 60
  • Votes 5
My lawyer specializes in evictions and is quick. Although I have only had 1 eviction in 20 years and that was when the tenant abandoned the apartment. Have 2 11 unit buildings and they are quiet and not too many problems.

Post: Self managing out of state multi family?

Jeff J.Posted
  • Investor
  • Saint Paul, MN
  • Posts 60
  • Votes 5
The caretaker would show the apartment. Verify id and ss. Caretaker would fax or email application to me and I would screen them online.

Post: Self managing out of state multi family?

Jeff J.Posted
  • Investor
  • Saint Paul, MN
  • Posts 60
  • Votes 5
We are an llc so we need a lawyer to represent us and he is in my contact list. I can send the lease to the lawyer and send a eviction notice to the caretaker who can submit it to the tenant.

Post: Self managing out of state multi family?

Jeff J.Posted
  • Investor
  • Saint Paul, MN
  • Posts 60
  • Votes 5
Presently I self manage 2 multi family properties. In two years I will be relocating to another state and I have interviewed a few property managers. However. With my cell phone I can continue to manage these properties anywhere in the world. The only thing missing is eyes and ears and in general boots on the ground. I have good caretakers so why don't I just train and empower them to do the things I cannot do once I have relocated? What am I missing? Has anyone else attempted this? What problems arise? Thanks Jeff

Post: Recommendations tc property managers

Jeff J.Posted
  • Investor
  • Saint Paul, MN
  • Posts 60
  • Votes 5
I have 2 eleven unit apartment buildings I would like to transition to a property management company. Any recommendations? Twin cities area Thanks Jeff

Post: limit on number of comfor animals?

Jeff J.Posted
  • Investor
  • Saint Paul, MN
  • Posts 60
  • Votes 5

Yes this is scary:

http://thedogtoronline.com/

How do we know if it is a fake letter?

Post: limit on number of comfor animals?

Jeff J.Posted
  • Investor
  • Saint Paul, MN
  • Posts 60
  • Votes 5

This was a good link:

https://www.animallaw.info/article/faqs-emotional-...

14. Can a person have more than one service or emotional support animal?

"While there do not seem to be any cases dealing with the issue of multiple emotional support animals, the basic requirements for this reasonable accommodation would still be the same. In other words, if a person were claiming the need for multiple emotional support animals, then he or she would need documentation supporting this need from his or her physician or medical professional. The practitioner would need to provide documentation that each support animal alleviated some symptom of the disability."

Also it says:

12. Can the landlord charge me a pet/security deposit for my emotional support animal/assistance animal?

"Based on statements by HUD, it appears that a housing provider may not charge a "pet fee" for an assistance animal/emotional support animal. These animals are not pets and cannot be subject to pet fees. HUD specifically states the following:

Conditions and restrictions that housing providers apply to pets may not be applied to assistance animals. For example, while housing providers may require applicants or residents to pay a pet deposit, they may not require applicants and residents to pay a deposit for an assistance animal.

(FHEO Notice: FHEO-2013-01 at page 3). Most disability law experts feel that requiring a deposit would be the equivalent of charging an advance damage deposit for someone in a wheelchair. While a landlord may be able to recoup reasonable fees for damage done after the fact by the tenant and his or her emotional support animal, an initial security deposit may go against the purpose of the Fair Housing Act. In one federal district court case, a court found that a tenant could proceed with a disability discrimination case where a housing provider charged a fee for untrained assistance animals like emotional support animals, but waived the fee for trained assistance animals like guide dogs."