All Forum Posts by: Mary M.

if you are just looking to collect rent Zelle, Venmo and paypal all can work. 

Looking for other options for listing apartments for rent.  Zillow is moving to catering to large properties and PMs as is Apartments.com.  FB had generally terrible leads....

So where are smaller complex's getting good results?  

If you have a business bank account ask your bank about ACH ability.  

Have you talked to them? Let them know that they owe the last months rent (assuming this follows the lease) ...   But you have no real recourse so I would not make a big deal and just apply the deposit if they dont pay....  If they have damages beyond the deposit then file in  small claims. 

@Nathan Gesner My point is that in this situation she needs help. She may be able to evict, but  given that the tenant is disabled is not the time to do a "self eviction" 

I also want to comment that PMs would of not allowed this to happen. This is not true. My worst tenant ever was in a building I bought and allowed to move in by a PM. The PM completely missed the evictions and BKs that the tenant has.  This tenant did not pay rent for 9 months (thankfully i got the rent paid via the feds) destroyed a brand new apartment and will cost me thousands of $$ to repair. Soooooo PMs are not the solution - good screening is. 

wow, the very first thing I would do is talk to an attorney. This is a person with a disability and you are talking about evicting her and asking people here how to do it???  good way to get sued IMHO.....  call your attorney and discuss with them.  This is not a situation where you want top make any errors. 

I dont like to be a debbie downer, but this new version eats up all my screen for only a few threads and honestly I cant spend all day scrolling to see if there is anything interesting to read.... 

I dont really understand why you cant just buy  already existing forum software that is easy to read, search, respond, etc. ,

Do you have an application with an emergency contact?  Do you know any family? That would be my first action.  If you cant find that info then see if you can find a local elderly services place and call them for help. 

yay.....  tenant fun :) the only thing I will point out is that technically you should only charge tenant for the un-depreciated portion of the damage../...  so if they say broke the stove and the stove is a 15 year item and it is 10 years old you should only charge the 1/3 of the cost of replacement.  For the accent walls you should be able to charge full amount but the other walls? Not so sure - you might check into it. 

I am sorry to hear about your wife. That must be a challenge for her and you. 

With about 400k to invest you absolutely can buy a small MF building. I might suggest starting small an d seeing what you are wanting to do and where you want to go with this.  If you are in a college town, or if there is one close by that is always a good place to invest. You might start with a 4-10 plex and see how it fit then reevaluate in 5 years. This will give you time to learn.   I would stay away from riskier investments.  I personally think investment type properties are better than SFHs.  The way they are sold, managed and financed is just much more businesslike . 

You will get many different responses, but be aware that many that respond are selling something and may not have your best interest at heart. :)