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All Forum Posts by: Michele MiMi Bell

Michele MiMi Bell has started 1 posts and replied 3 times.

Post: ALE Solutions - Temporary Housing

Michele MiMi BellPosted
  • Real Estate Broker
  • Posts 4
  • Votes 2

My extensive history with ALE SOLUTIONS spans from 2006 when I served as a licensed realtor with deep industry knowledge. Over the years, ALE has consistently relied on my expertise, benefiting from my comprehensive understanding of the temporary housing landscape. However, recent developments have raised concerns within the organization.

Notably, some of their staff members have departed due to issues related to the work environment and behind-the-scenes ethics. As someone deeply entrenched in this industry, I understand its nuances, including the complexities of temporary housing.

ALE engaged my services effectively for a significant duration, recognizing the value I brought to their operations. However, a recent change in their commission structure became a point of contention. They requested a substantial portion of my commission or refused to provide me with leads. This information came to light through a longstanding employee within ALE.

It's worth noting that ALE requires all employees to sign a disclosure upon hire. My status as a licensed Broker and holder of a Ph.D. makes the situation all the more concerning. The actions taken by ALE have raised questions about professional courtesy and respect within the industry.

As an experienced realtor, my dedication to ethical and professional standards remains unwavering. These recent developments have prompted me to reevaluate my ongoing collaboration with ALE and seek alternatives that align more closely with my principles and values.

Post: Thinking of renting my home to traveling nurses

Michele MiMi BellPosted
  • Real Estate Broker
  • Posts 4
  • Votes 2
Quote from @Terra Ternet:

Would anyone have an advise regarding renting a home to traveling nurses? I have a 3 bedroom home and am looking to move in with my partner early 2024. I do not want to sell my home as I have children and was very close to being homeless with them when I first divorced my ex-husband. I do not want to be in that situation again. 

My home is located near the hospital and I like the idea of short term leases should I need to move back in. The home would be furnished and has a fenced in yard for potential pets.

I would love some advise regarding: determining a fair/affordable rent amount for potentially 3 tenants, creating a lease, insurance changes that are recommended, should I create an LLC or something similar, do I need a lawyer and/or accountant to assist with managing the property and doing my taxes, expected out of pocket expenses that I may need to plan for before receiving payment from tenants, and anything else I haven't even thought of yet!

Thank you in advance for any assistance you can provide. I am very excited to start this new adventure and will potentially have a second property to rent the same way as my partner and I would like to purchase a larger home and may rent his in the future. I want to provide financial stability for myself and my partner and our children and I want to make sure me and mine are protected (financial abuse occurred during my marriage and has made me conscious of the need to protect myself).

Hello there,

It's wonderful to hear about your exciting new adventure of renting your home to traveling nurses. It's a thoughtful way to secure your financial stability and ensure a comfortable future for your family. Here are some pieces of advice to address your questions:

  1. Determining Rent Amount: Research the local rental market to understand average rental prices for similar properties. Consider factors like location, amenities, and the number of bedrooms. You could also consult a local real estate agent for a professional opinion.
  2. Creating a Lease: Having a well-drafted lease agreement that clearly outlines terms and expectations is crucial. You may find standard lease templates online, but it's advisable to have a lawyer review and customize one to your specific needs.
  3. Insurance Changes: Contact your homeowner's insurance provider and inform them about your property rent plans. They may recommend changes or additional coverage to protect against potential liabilities.
  4. Legal Entity (LLC): Creating an LLC can offer personal liability protection and tax benefits. Consult with a legal professional or accountant to determine if this is the right choice.
  5. Professional Help: It's wise to consult a lawyer and accountant specializing in real estate. They can help you navigate the legal and financial aspects of being a landlord, including lease agreements, taxes, and local regulations.
  6. Out-of-Pocket Expenses: Be prepared for initial expenses such as cleaning, maintenance, and any necessary repairs before tenants move in. You may also need to set aside funds for ongoing maintenance and unforeseen repairs during their stay.
  7. Tenant Screening: Develop a thorough tenant screening process to ensure you find reliable tenants. This may include background checks, references, and verifying their employment status.
  8. Property Management: Consider whether you'll manage the property yourself or hire a company. The latter can handle day-to-day operations, but it comes with a fee.

Remember, each situation is unique, so it's essential to tailor your approach to your specific circumstances and local regulations. Researching, planning, and seeking professional advice will help ensure a successful and secure venture. Wishing you all the best in this new chapter of your financial journey!

Post: Travel Nurse vs. Temporary Housing

Michele MiMi BellPosted
  • Real Estate Broker
  • Posts 4
  • Votes 2

Greetings, fellow housing enthusiasts!

I'm excited to kick off our forum on the Travel Nurse vs. Temporary Housing in New York debate. I've seen it all as someone deeply entrenched in real estate and temporary housing for over 25 years. Today, I want to share some of my experiences and insights with all of you, and I can't wait to hear your stories, too.

Let's dive right in:

  1. Furnished Finder Unveiled: We'll dissect Furnished Finder's approach and explore whether their commitment to Psalm 127:1 truly aligns with their business practices. Have you had any experiences with them, good or bad?
  2. The Joys of Temporary Housing: I'll share the sheer delight of providing temporary housing to displaced families in the heart of New York. It's been a rewarding journey, and I'd love to hear your thoughts on this fulfilling aspect of real estate.
  3. ALE Solutions Uncovered: Ever tangled with ALE Solutions? We'll discuss their commission policies and any run-ins with housing reps who may not have your best interests at heart. Share your encounters; we're all ears!

Join this forum as we embark on this engaging discussion about the dynamic world of temporary housing. It's all about sharing and learning from one another, and I can't wait to connect with each of you on these exciting topics. Together, we'll uncover the ins and outs of this fascinating industry.