All Forum Posts by: Maclovio Garcia jr

@John Underwood

We were able to figure it out. According to Sacramento we can not put the utilities fully in the tenant name. Because no matter what happens the bill needs to be paid and if it doesn't get paid then a lean is put on the house. It sucks but it is what it is.

Hello my wife and I are about to sign our first tenants on September 1st however we just called our utilities company and we're told that we cannot have tenants transfer the name under your utilities this is our first rental property so we were not aware of this so we don't know if we should just bite the bullet and just pay for utilities itself or should we up the rent to the amount of usually how much the utilities would cost which is generally $300 in our area the tenants were already expecting to pay this bill as we told them no utilities or anything was covered so please let us know what do you think would be best practice we are assuming that we should just bite the bullet and just pay the extra for utilities because it would seem unprofessional but we wanted your input

Hello, my wife and I are first-time landlords and have some new tenants we would like to approve. Both are nurses and meet all of our qualifications; however, their current lease does not end until September 25. They asked if they could move in mid-September. Should we charge them a "holding fee" for the 2 weeks that they would not be occupying the space and have that be applied to first month's rent? Or is there a better way to structure and or go about this? Our property is vacant now and will be vacant for August as well. Should there be a Holding fee clause in the lease upon signing? And when we sign the lease, can we make it effective for September, even though they would be signing beforehand?

Thank you all for this info! I have a follow-up question. My wife and I are considering renting out to someone on Section 8; however, the housing department said it could take about 4-5 weeks to get approved. We've heard stories about section 8 tenet good and bad. We are not opposed to it or all for it. We like the prospected tenant and considered a holding fee for them but just not sure for how much. Any suggestions? We are currently asking $2200 for rent. Also, should the holding fee be used towards the first month's rent, or should this just be a separate, non-refundable fee? I personally feel if it will take about a month to hold the property, then the fee should be non-refundable? Any tips on how it works and how to set the standards when it comes to people using vouchers. I welcome any thoughts or suggestions. Thank you!

My wife and I are first time landlords. We just posted our property using Avail. When we do showings of the property do we give the potential tenent an application or instruct then to the software we are using? Since we are using a property management software how does that work? What are some key steps to take showing the property? Any advice for first time landlords would be much appreciated. Thank you.

 Thank you. You are right in 25 years my life can be different because of the choice I make now.

@Will Thomas I have heard that before when other get scared os the tight time to buy for investor. I do not plan on buying and selling. My strategy is to buy and hold.

@Mike Hern I get what you are saying. Since I'm new to the game I don't want to think all is good and fail before getting started because of what is going on.

Hello Everyone,

Im writing this post for experienced real estate investors that can help give tips on their success. Any advice would help thank you. It kind of feels like if anybody who invested after 2008, has been doing good with appreciation on there properties. I am seeking wisdom and knowledge to help me succeed in for the future. My question is,

How did you succeed through the years with the markets going up and down?

What did you do keep your business up and not quitting when it got to rough?

Hello,

With all that is going on right now with the War in Ukraine. I am just getting my foot through the door of investing and now with what's going on, I wonder what the outcome will be. 

Should we be worried about the economy? And how can that hurt us financially?