All Forum Posts by: Chase Olson

To all landlords,

How would you feel if a property manager who does not manage any of your portfolio came to you and said they have a tenant already screened that would like to rent from you. 

That property manager used TransUnion SmartMove to screen the tenant, and the screening looks great!

Would you accept that screening or would you still want the potential tenant to go through your screening process?

Hi Julie, I rent out both AirB&Bs and long term, there is definitely pros and cons to both, i think that property manager is correct in doing one or the other, unless the property is set up to be able to provide more seclusion between the two. My AirB&Bs make more money per year than my long term rentals but it is more work to manage, and the property managers will usually ask for a higher premium for doing them. Long term is definitely less headache though. Mabey go with all AirB&B for 6 months, and if it doesnt look like it would be worth while its easy to switch to long term.

thanks for the advice guys!

im searching for new markets, and the best way i have to find new market rental prices is basically looking at the big rental websites like apartments.com and rent.com to find averages between different rental types. anyone know faster, better ways of doing such. and how to know if its a reliable data source. hopefully for free! 

27 space, 19 owned by seller.

there are also 7 rental apartments that are in shambles, but somehow still renting.

There is a MHP in my town for sale that looks as if every mobile home in it, is competing to see who can cook the most meth.

what sucks is that its actually in a decent part of town. Its currently for sale at a 7 cap and the owner is claiming the rents are far beyond what you would believe just by looking at it. I am friends with someone who lives across the street from the park who says that there are questionable people who come and go at all hours of the day and night.

Problem tenants aside i know i can make this into a decent park, but not at the selling price. Any tips on how to negotiate this with the owner. 

Go check out other banks, i got denied by a bank for my first loan as well. so i walked right across the street to their competitor bank and got the exact loan i was looking for. 

also try to take advantage of USDA home loans and rural housing loans.

The registered agent is a person who accepts responsibility for receiving official mail, so i would put the registered agents address there. you should also check to see if the return address information is available as public information, if it is not, then you can put your home address their while still hiding info of your residence, if thats what you are looking for.

but ya i would put the Registered agents address. 

Hey Rocco, i've started two LLCs in Oregon, although i am the registered agent for both of my LLCs i think i can help you out.

Ask the company you wish to use as your registered agent to form the LLC for you, its the same thing as you setting it up by yourself except they will be able to put themselves as the registered agent and the Drafter of the LLC.

If this isn't the case you should be able to create the LLC through the state with you as the registered agent and then change it to the company once your LLC has been formed.

As for the EIN, you must have a registration number from a formed LLC to get, if you have questions on that the the IRS has step by step instruction on how to obtain the EIN

i have never used a virtual office but im sure the registered agent company might be able to help you out with that. But if the virtual office Co. doesnt ask for a registered business number from the state, then i assume you can created one before you file for your LLC with the state.

awesome, thanks for the insight