All Forum Posts by: Matthew Charron

Hello BPers,

I have a question for your FL investors. I just relocated to FL from RI and I have begun driving for dollars to build a list. Back in RI when I would access a property on the county assessors office it would include the features of the house (number of bed/bath/rooms/fireplace/etc). I don't know if I am missing a step or something but when I search the assessors page and find a property it gives me owner and mailing address and etc but it doesn't tell me much about the house aside from potential square footage. Am I missing something or is that the way its done down here? If I can find the house on zillow or etc is that the best way to obtain this information if I can't get it from the assessor?

Also, when I search mortgage documents it doesn't tell me interest rates, just the date and the amount of the loan. Am I missing something there as well? 

And finally, I had tried researching a couple commercial properties that I know exist because I took down the address. When I pulled it up on the assessors page aside from the address and the entity holding the property, its like it doesn't exist. No tax information, no property information its basically empty. How do I go about cracking open one of those types of properties so I can have more information available?

Thank you in advance for your time.

@Brandon C Johnson you’re right, I could. I can’t google another persons experience though.

@Jovon Itwaru one of the bigger concerns were how difficult it may or may not be to remove bad tenants.

Hello Fellow BPers,

I have boots on the ground in FL and a couple partners looking to invest in a couple different markets. We recently have been thinking about adding FL to the list of markets to move into. I am curious for anyone owning rental property down there how the landlord tenant laws are and if you have any resources I could turn to for some information on the subject. Thank you for your time.

The reason I ask is because I have a client (I am a realtor) about to enter contract on his first rental property. It is a 3 family and I would probably consider it a B property in a B neighborhood.

My client has asked for proof of rent, received a copy of leases. They have expired but as an estate from period to period they now are month to month under the same rent and frequency of payment until either landlord or tenant gives written termination notice.

After that he asked for rent receipts from the past two months, which he received. He has posted them on various FB forums asking if people would consider this sufficient proof of rent, and whether or not the tenants are paying and are up to date. Purchasing his first property he is trying to mitigate risk, which I understand, by qualifying the tenants as good tenants who pay on time and are up to date.

From talking to investors in my area, a property manager, and other realtors, it seems to me common practice around here for a small multi is to ask for leases and a Confirmation of Rental Terms (a document stating the tenants deposit, rent amount, and when they pay and it is signed by the seller and the landlord) and that’s about it.

My client is being advised to ask for bank statements and all kinds of documents proving income and expenses. Those who I speak to think this is unnecessary and most wouldn’t even consider complying to such a request.

Does anyone go as far as to ask for bank statements on 2-4 unit multis? The way I see it is I guess it’s good to know if they’re good tenants, but just because they have been paying doesn’t guarantee they are going to pay YOU as the new owner.

When you are purchasing a small multi (2-4) property, what documents do you require as proof of rent and that tenants have been paying? Do you ask for the same documents whether the property is bought of the MLS with an agent as you would if it was off market?

@Alan Johnson Unfortunately I have yet to start my wholesaling venture. I did however follow some advice above and get licensed in my state as a Realtor. Ran into some issues with my previous broker and my investing goals, and I was stuck in a contract for a year. That was a big slow down but I used the time to network and continue to educate myself. I have recently moved to Keller Williams and new plans are being drafted and put into action as we speak. Hopefully good news to follow later this year!

@Scott Starkey Thank you for your response! I am working on relocating from RI to FL this year. As soon as I do and if I end up making some moves towards investing in MHP I will definitely reach out and see if we can make some deals happen!

@Aaron Olsen Thank you for your response as well! You have given me a great place to start and I am looking forward to learning as much as I can about this new vehicle for investing!

Hello BP Family,

With some unexpected occurrences as life typically has, moving to a new state soon and meeting new partners/lenders, it may seem to be that investing in Mobile Home Parks could be on the horizon for me. I am still a new investor and have been on BP for a while researching buy and hold strategies. Aside from the forum here, can anyone suggest some educational materials for getting into something such as investing in a Mobile Home Park? This is a whole new beast from what I've been looking at up until this point. Thank you for your time and assistance.

Hello fellow BP members,

I am in my first year as a Realtor. My broker has provided additional training coming on board, as well as providing me with a mentor. I regularly try to read blogs, and watch YouTube videos, facebook groups and so on. There is always plenty of free information but it seems to typically run out and end up leading to some sort of paid coaching, pre-listing/listing packets, and all sorts of other goods.

My questions are: Have any of you invested into any of these coaching programs? I've seen them charge anywhere from 1k-3k. 

Are there any books you would recommend?

Have you purchased any scripts or listing packages or marketing tools?

I'm not afraid to invest in my business and education, but as I am sure anyone is, I am afraid to throw the money away on something useless. Looking for some friendly advice to get a new Realtor who is HUNGRY for business regularly locking down clients and get me out of my full time job ASAP. Thank you in advance.

Matt