All Forum Posts by: Tami R.

I have around 85 units and by next month I will be doubling my units and will have 175.
I do not have a dedicated office for our real estate, I office out of my husbands and my construction offices/showroom.  Which in the beginning when we had just a couple rentals was fine when a tenant would come in and pay rent but now it's too much and our employees don't like dealing with it and my husband doesn't like some of the people coming in.  

For some reason no one ever likes to mail anything they want to drop it off so we have a mail box that goes into a secured box to our building so we are fine with that.  So i am trying to figure out options for our new 90 tenants....

1.  Mail the dang check - no more cash!

2.  Drop off the check in the secured box but don't even give them the option of going inside?

3.  Because some of these buildings are 11 - 15 units I thought about having a secured box on location but I worry about theft???

4.  Online option?  I use quickbooks and do not want to change my accounting but thoughts on payments online?  i don't wan to make it complicated for the tenant or me.  and again i don't want to change my accounting.. plus we have 3 companies and 3 different checking accounts?  Ideas / thoughts

Any help would be great.  thanks

we own a large roofing company and have looked very intensely into tesla and our management team are not a fan. We also live in a nice area where there's $$$ and we just don't see like this is the product yet.

Nancy what are your pre screening questions and do you email them or how do you ask?

shingles not worth it..... waste of $$$

regarding showing when current tenant lives in unit, I take that case by case. I've struggled a little lately with showings. I want to ensure I get the best qualified tenants and I understand doing a set showing doesn't fit everyone's work schedule so I don't want to miss out on an opportunity. I keep thinking about my time being valuable and wondering if there's a way I can do a short pre-screening prior to showing a house. Just today I showed a lady that doesn't have a job a $700 house and her current rent is $300. She was a mess, I wasted 45 minutes and immediately I knew she would never qualify.

We kinda do that too... but I know a couple real estate management company's that are having the people fill out a pre-application.  The last couple years I have thought what jerks.... now I am thinking what is my time worth.  Usually within 1 minute (not to prejudge but yes) I can say if it's going to work or not... sometimes they surprise me.  I check Facebook out right away and then go from there... and sometimes I just don't even show based on "how they live their life on FB"

Dave, is that 20 to 30k after taxes?

I have about 75 doors about 85% SF. looking at making a purchase of 95 more doors with 90% being multi units. I was curious on how everyone does the viewing process of a vacant property? do you make potential tenant fill out an application prior or show house first. I have always shown house first but I would say majority of the time if I would have seen their app I would have known if it was a waste of time or not.... i.e. someone making $1k a month, I am not letting rent a $600 house. what is your process?

sometimes for me the best thing is cash for keys. it has taken me over 2 months working with cops and city on getting this tenant that I inherited out of a house. the house was "white tag" originally because she didn't have power , she was stealing power from company got busted. and ever since I have been trying to evict her. had to hire lawyers which I usually do my own court evictions... My pipes have busted I tried having my guys load her stuff into her trucks and pay her to leave. even 1k would have been worth more than what I am going through now

I am looking at buying a factory building that's basically 150,000 sq foot.  with offices detached which do need some work but have a sprinkler systems etc... and then a couple lots and some smaller buildings.  Approximately 3 city blocks.  Taxes are 28k a year which I can get that down.

I can get the building for $850k to $900k - we own a large construction company and we were going to build a building for about $400k so we would occupy probably 15,000-20,000 sq foot of the building and then for sure redo the office building into apartments.  Don't know what kind of apartments - general or maybe short term stay.  The city is really lacking short term apartment for the hospital etc... 

My question is the rest of the warehouse... I could rent it out to other factories but was also wondering about other creative ideas... NO Storage units.  We already have tons of climate control storage units and I already own storage units.  Ideas