All Forum Posts by: Mathew Zorn

@Aaron K.

Do you know of other ways outside of hard money lending?

@Chad Gibson

Sorry I just saw this. I am active duty and have been out to sea a lot. I do have an LLC established but I have not sold the property to the LLC because I am still trying to find the black and white version of what is allowed and not while using the VA loan. If you found anything please do share!

I have a friend that I am wanting to go to and seek funding from him. He stated he wants to save $50-60K each year for his kids college. So I want to approach him and seek a partnership from him but protecting myself as well. He has some issues with the law over three years ago that he is still waiting to see if hes going to go to jail over.... He is meeting all the requirements from the team that he has to meet. I cant go into futther details than that but is there a way to seek partnership wth him but still protect the assets that we own together and that I own separately by going into a partnership agreement? 

@Angel Garcia look into Cozy.co not sure if they will do out of country properties but worth looking into it. most of it is free to landlords and costs are put on tenants depending on some factors. heres an intro video to cozy.co https://helpdocs.cozy.co/article/303-video-intro-to-cozy

@James H. all depends on location and if I were you ai would hire a PM (I have a few great ones if you want to reach out to them) to handle the property since you are out of the country. I am dealing with a nightmare and cant wait for the lease to be up in March. I kust hired my PM with only 7 months left or so after managing it myself for a year in a half or so.

@Kenneth Stump I am also a land lord and do not have or need a license somce I own the property.

@Travis M. following

@Shelly Cavin you can also use a hard money investors too, let me know and I can send you my hard money lender who also does taxes too and will guide you through setting up an LLC. Matt

@Sergio Aguinaga From my Experience with Cozy for the late fee I managed it myself but the following link talks about automatic fees: https://cozy.co/blog/new-automatic-late-fees/ also go here to find out more info/to verify: https://helpdocs.cozy.co You will also want to have in writing that all fees will be paid first and then rent so if all the fees and rent are not paid then you can add another late fee and start eviction process depending on your lease and local laws. I would only charge one late fee because it coukd get confusing on keeping track of it all and if you go to court trying to exolain it all. keep it shirt and simple. How to charge for things outside of rent: https://helpdocs.cozy.co/article/183-how-do-i-charge-my-renter-for-things-besides-rent For additional questions tell them in the intro/bio of the hime tell them an account is required because of back ground check/credit check and then also state you hace additional questions and need to send an additional email. heresca good video on how cozy will walk the tenants through from start to finish: https://helpdocs.cozy.co/article/203-video-how-to-invite-your-tenants-to-pay-with-cozy for back ground and credit checks as long as they fill out those two sections they dont need to complete the rest of the application in order have those two checks completed. here’s how to get your payments quicker with a fee https://helpdocs.cozy.co/article/179-what-is-express-payouts heres a good video to watch for an overview of cozy. https://helpdocs.cozy.co/article/303-video-intro-to-cozy hope all of this helps! I no longer use Cozy because I now use a PM and they have their own software that they use. when I started cozy back in 2016 I had a lot more of manual data entry then what cozy has now. tenants can even pay with debit/credit card but they are charged for it. Once I go back to managing my own and even have other properties that I dont own but manage I will use cozy! I do wish cozy had it set up to where PMs could also log in under their own accounts and not need the owners user name and password. good luck and message any time you have questions. Matt

@Charlie Pioli Please take my comment at face value... who names are written on the deed/will? From my understanding since theres five “owners” I would get the home appraised and then divide the appriased value by 5 and come together to buy him out or you might have to take him to court. Good luck Matt