All Forum Posts by: John McCabe

Ok, I'm considering making the switch to RentRedi or Turbo Tenant. Please give me CURRENT pros and cons. I realize both of these platforms have made many changes over the past year. If you are a current user please tell me the good and the bad for each. Thank you!! 

I have a package of 10 properties (16 doors) in Ohio that I am looking to sell. I am hoping to 1031 into a larger purchase. Any advice on the best way to find a buyer that is able to close on the entire deal? All properties are occupied and well maintained. I am open to staying on as the manager, as I have owned them for years. Purchase price $1,449,000, gross annual rents $216k. Cap rate just under 12%. 

Anyone ever have any luck getting list of addresses from local water department of current shutoffs or vacant address list from local post office? Any tips of tricks to getting either list is appreciated!

I am looking for a great website template or company that builds websites specifically for landlords. I have about 25 single family properties and want to be able to have all my houses on a website that shows all the details and captures prospective tenant leads. Anyone have any recommendations??

Looking for some Insurance advice on anyone that has completed a land contract on rental property. Please Help!

SCENARIO: I am a seasoned landlord and am purchasing 5 more rental houses from my father via land contract. I would like to continue to use his insurance company for the Home Owners Insurance Policy. He still has small mortgages on each of the properties and the insurance is escrowed so he will continue paying the premium by way of his monthly mortgage payment. His agent recommended that I be listed on the policy as the insured and he be added as an additional insured.

QUESTION: If we change me to the primary insured and him as the additional insured, do you think this change will catch the attention of the current mortgage holder and trigger the "due on sale" clause. If so, is there a better way to structure the insurance so that we are both protected from a liability and a physical loss stand point.

Thank you for your input!