All Forum Posts by: Nicole Sun

@Jill Dunican

Hi Jill, 

I, too, recently used the same DNC scrubbing site. Out of 10,000 phone numbers (combining cell and landline), we only got 3,000 non-DNC-registered. A little surprised by such a drastic reduction from DNC scrubbing. Any similar experience from you? 

@Keron C.

Hi Keron, how is your experience and result with RVM campaign? REIrail is a good tool for you? Please share. thanks!

@Will Clark just sent you a connect, pls accept. Would like to talk to you. 

@Mikael Winkler

Thanks for sharing your experience! In my case, I am a hard money lender and have been planning to grow this business at a larger scale. Just googled a little, found hard money lending is regulated at state level. Anyone has experience in this? 

Hi All, 

Are there any rules or limits on how many loans or how much total lending amount per year that a hard money lender can do? Where to locate regulations/rules for hard money lending business if they exist? Thanks!

@Nicholas Aiola @Lance Lvovsky @Michael Plaks

Thank you all for sharing valuable advice! I guess mine should be defined as passive income with my main focus is on rentals. 

Michael, you have done an excellent job in confusing my mind out of a "simple" question (I thought). You also made me realize accounting/tax prep is not as straightforward as I imagined. :-)  Most of all, you gave me a free lesson on basic forum posting. :-)) Thank you so much!

Michael, 

@David M.

Hi David, Thanks for your input cross from Delaware River! Looked into split system, they are just too expensive for rentals. Hard to adjust the cost from cash flow/return of investment point of view:-(

@Marc Winter

Hi Marc, 

Thanks for sharing first-hand experience! Nice meeting you here, we are not too far from each other. :-)

It sounds like the electric boards work well for smaller units, they don't jump cost too much higher than other option. Is that inline with your observation?

@Mark Otto

Mark, my last post is meant to write to you. Still a forum newbie :)

No, I am not required to split heating system. My goal is to reduce heating expenses and hence increase cash flow. This specific property is in Philly metro, 6 small apartments for total of 4000sf. It has been on one NG boiler to heat the whole building during winter time. The cost can be substantial $3500- $4000/yr. I like the idea of using pro rata share among tenants based on unit size. Have you done that before? Is it hard to collect this expense during the cold season? Maybe collecting monthly heating deposit makes more sense to tenants? That will prepare them financially by spreading out the payment over 12 months instead of clustering payments during cold season. 

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