All Forum Posts by: Michael Wong

I've found that Zillow is better at generating leads than Apartments.com.  I also started using some of the services on Zillow like lease generation and signing, and rental collection, both services are quite streamlined and convenient for both tenants and landlords.  

I gave Apartments.com a try just because Zillow started charging $10/week for listing, but with the number of leads that Zillow generates relative to Apartments.com, Zillow's $10/week is money well spent. 

@J. Mitchell Bernier, @Zachary Hendricks, and @Lamont Chen, thanks for the solid advice.  I think I've exhausted my conventional options for now, it's just that the rates right now looks so appealing (sub 3% on 30 yr fix).  I've talked to a few commercial lenders recently and it seems like a portfolio loan may be a good option for me at this junction. I've scheduled a few appointments with a few local banks to review some of my options.  I'm hoping to scale up with new financing options.  Commercial loans for 5+ units seems like a logical next step as well.  

Thanks again for the great tips.  

Long story short, I have more than 10 mortgages including a primary and it's preventing lenders from working with us to refinance, cash-out refinance or even take out more loans.  I know folks on BP own a whole bunch of doors, how do BP Pros do it?  Who do you folks work with to achieve your goals?  Thanks for any advice.  I'm in Northern California. 

This is a pretty broad question and I'm sure it depends on the type and level of insurance the landlord buys, but it may bring up a nice discussion, so when is landlord insurance used outside of a major fire or disaster?   We own several rentals and have paid our insurance like clockworks, but have never filed a claim.  So I wonder when and for what other landlords will consult their insurance company for?  Is it like car insurance, where if you make a claim, your premiums sky rockets?  When should a landlord use their insurance?