All Forum Posts by: Matt Schambeau

Thanks for the feedback @Account Closed.  How long did you own your facility and what state was it in.

Good morning @Kevin Vandenboss,

I'm looking to do both, but I'm early in my discovery.  I have not decided on a market yet and have not looked into Michigan.  I have ruled out my local market in GA due to the limit of 6 beds per home.  Based on a little research it looks like you can have up to 12 beds in a residence there.  Is that right?  What are you normally seeing in the market? What cities are you primarily focusing on. Looks like there are some good markets as far as cost of care in Michigan including Ann Arbor, Lancing, Kalamazoo, Monroe, Midland. 

Hello @Jack Williams.  I know this is really delayed, but I'm currently looking into it.  I had a meeting with the RAL Academy last week and have another one scheduled.  Currently I'm looking for people with experience in that market.  Let me know if you have made any progress in it and I would be happy to share as I research if you are interested.

https://www.biggerpockets.com/forums/52/topics/518...

I agree that the solution is not calling a lawyer or blaming the 1st plumber.  I dealt with a sewer root problem and ended up just replacing the sewer line.  Below a post from when I dealt with it.  The guy I used did a pretty good job.  Let me know if you go that route and want his info.

Thanks everybody!

I spoke with PayLease today and they told me that I have to have 250 units to use their service, so that is not an option...for now:).  The representative stated that some software platforms offer this as a service as part of their package such as AppFolio, Propertyware and Rent Manager, you would just need to invest in their software.  I will look into that angle.

I also spoke with my bank who stated that they don't have a deposit only ATM card, but could setup/restrict an ATM card to only be able to make $1 payments.  They mentioned the challenge there is preapproval at gas stations which would allow the card holder to fill the tank.  She also mentioned a program name Zelle that most banks use to allow bank to bank transfers with no charge.  I would probably just used COZY instead of that option if they had bank accounts.  The other thing we discussed is just opening up different accounts for each unit and having giving them deposit slips for each to use to make their monthly deposits.  No charge for the accounts as long as a minimum balance is met between all accounts or limit to the number of accounts I could have. 

Thank you everyone.   Paynearme sounds like you need 50 doors to get started with them.  I reached out anyways and have not heard back.  I also still haven not heard back from PayLease.  I don't want to do anything that involves the US Postal service...there are just too inconsistent.  I like the deposit slip idea as well as the deposit only ATM cards.  The thing I need to figure out with them is which unit is making the deposit as both rents are the same amount. @Derek P. @Account Closed is there a way to do the same on deposit slips?  I've read about having each rent a different amount (off by a dollar).  I could use that approach worst case scenario.

I have a duplex with tenants I inherited that pay their rent in cash.  The current setup is I swing by once a month to collect the rent.  I'm going to have them sign a new lease, and don't want to collect the cash each month in person anymore.  They don't have a PC or the ability to pay electronically.  I wanted to give them some options of where they could still pay in cash, but I did not pick it up.  The duplex is in Roswell, Georgia.  I found a place called PayLease online that I hope to her from today.  Any advice will be greatly appreciated.

@Ludmila M., thank you for the referral.  I will reach out to them to see what they say.

I have not contacted the property inspector.  I don't believe he has any liability other than my business.

@Micah Redden, thank you for the feedback and referral.  I will check with the family's son who may have a text about the mold.  If not, I'm sure there will be no written communication as they don't speak any English and the previous owner did not speak any Spanish.  The son was the main point of communication.

@Joe Splitrock, thanks for the info.  You are echoing a lot of the info the mold remediation companies were telling me too.  The mold is worst behind the bed and night stands.  There is stuff on the walls which is feeding the issue along with poor overall circulation.  They suggested insulating the walls too, but said floor first, then ceiling, then walls.

@Cara Lonsdale, based on Micah's response:  in the state of GA, the seller is legally required to disclose any latent issues with the property.

Thank you to everyone for your feedback.  It is helping me getting some perspective on how to move forward.  I'm going to check to see if I have a text with info about the mold issue from the son.  If not, I will probably just remediate and move forward