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All Forum Posts by: Michael King

Michael King has started 32 posts and replied 893 times.

Post: Rentprep, Cozy, or....?

Michael KingPosted
  • Rental Property Investor
  • Navarre, FL
  • Posts 913
  • Votes 640

Hello fellow landlords, I'm looking for comparisons on the multitude of online services that offer background and credit checks. What do you use and why? Thanks guys!

Mike

Post: What are your best Landlord Tips

Michael KingPosted
  • Rental Property Investor
  • Navarre, FL
  • Posts 913
  • Votes 640

@Cassi Justiz Excellent idea for a thread, thanks for starting it!

Post: What are your best Landlord Tips

Michael KingPosted
  • Rental Property Investor
  • Navarre, FL
  • Posts 913
  • Votes 640
Originally posted by @CJ M.:

- After you approve a repair, have contractors schedule with tenants directly. Don't be the middleman...or middlewoman

All excellent points and this one was by far my favorite! Thank you. 

Post: What's the coolest thing you've found in a property?

Michael KingPosted
  • Rental Property Investor
  • Navarre, FL
  • Posts 913
  • Votes 640
Originally posted by @Greg Johnson:

I found a 300 sf basement in a house once with a concrete stairway leading down to it. It had long been covered up. I only happened upon it because I had to tear up some flooring in one of the bedrooms. There was nothing cool down there. Only a table and chair and about 50 mason jars. Also, found some strange bones which prevented me from wanting to investigate or explore any further.

And some correspondence to John Wayne Gacy?

Post: What's the coolest thing you've found in a property?

Michael KingPosted
  • Rental Property Investor
  • Navarre, FL
  • Posts 913
  • Votes 640
Originally posted by @Connor Dunham:

@Shaun M. I can see why it was never installed... It appears the artist forgot to check which direction is up. 

Maybe it's that orientation so that when he shoots with it, he can simply tilt and turn his head to see the artwork in the correct orientation?  Or not!

Post: LOOKING FOR INVESTORS IN MISSOURI

Michael KingPosted
  • Rental Property Investor
  • Navarre, FL
  • Posts 913
  • Votes 640

O'Fallon is a good area. I don't think there are any bad parts of it. Florissant and the rest? Yep.

Post: Personal Address or PO Box on leases?

Michael KingPosted
  • Rental Property Investor
  • Navarre, FL
  • Posts 913
  • Votes 640

I only want to use a PO so my tenants don't know I live in an area that is upscale. Then they would see $$$$ signs. Unfortunately what they wouldn't see is that I live in a house that needs a lot of work and was bought at a distressed price.

I get it that anyone can grab the LLC and find my address online...but not all tenants are rocket scientists.

Post: Personal Address or PO Box on leases?

Michael KingPosted
  • Rental Property Investor
  • Navarre, FL
  • Posts 913
  • Votes 640
Originally posted by @Mary M.:

Google :)

Haha yes. The funny thing is when we get into the tunnel looking for the squirrel, we sometimes forget to come out of the tunnel to look for it. As in, I could've easily have typed the same question in the next browser tab. Thanks Mary, and a Hail to you!

Post: Personal Address or PO Box on leases?

Michael KingPosted
  • Rental Property Investor
  • Navarre, FL
  • Posts 913
  • Votes 640

@Mary M.

Well Mary! You have delivered at the speed of lightning, thank you so very much! It seemed so easy for you, how on earth did you manage that?

And if anyone is interested in the answer, it is yes, a PO Box may be used!

Post: How to convert a home into a llc

Michael KingPosted
  • Rental Property Investor
  • Navarre, FL
  • Posts 913
  • Votes 640

I'm not a lawyer but you can create the LLC any time. When you're ready to transfer it over to your LLC, have your title company do it. I have 5 properties I have to transfer over to various LLCs...