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All Forum Posts by: Rick M.

Rick M. has started 13 posts and replied 143 times.

Post: NH Security Deposit Bank Accounts

Rick M.Posted
  • Rental Property Investor
  • Fort Lauderdale, FL
  • Posts 151
  • Votes 94

Yes, in NH each unit/tenant needs to have their own interest bearing account so when they leave you can properly give them back their interest and what's left of said security deposit (after deductions of course). I usually give them a W-9 to fill out and then the bank does the rest. I know its tedious but it's the law in NH. 

Post: Cozy transition to Apartments.com

Rick M.Posted
  • Rental Property Investor
  • Fort Lauderdale, FL
  • Posts 151
  • Votes 94
Originally posted by @David Nelsen:

@Courtney Walker

Does anyone know if the property management / maintenance requests will continue on?

I tried to sign up for a cozy account and I cannot but I’m pointed to apartments.com to set up an account.

I don’t see anything in the landlord menu about maintenance requests. Maybe this because I haven’t finished listing my property and it will pop up after that?

Go to Rentler

Post: Cozy transition to Apartments.com

Rick M.Posted
  • Rental Property Investor
  • Fort Lauderdale, FL
  • Posts 151
  • Votes 94
Originally posted by @Danny Clair:

Thank you, sir!

What platform should I go with since I’m stating from scratch? Last question from me lol

Rentler www.rentler.com

Post: Cozy transition to Apartments.com

Rick M.Posted
  • Rental Property Investor
  • Fort Lauderdale, FL
  • Posts 151
  • Votes 94

Cozy has/had a perfectly good "Maintenance request" function but of course ApartmentsDOTcom has to make their own, you can't make this stupidity up. Keep doing this good of a job and everyone who uses Cozy will move to over Rentler (www.rentler.com)

Post: Cozy transition to Apartments.com

Rick M.Posted
  • Rental Property Investor
  • Fort Lauderdale, FL
  • Posts 151
  • Votes 94
Originally posted by @Ravi P.:

@Courtney Walker

If I'm not mistaken Apartments.com is owned by CoStar. CoStar is known to monetize everything. However, Costar main goal is to control data, so they may continue to offer free services, and sell it on the back end.

And this is my MAIN concern, It's only a matter of time before Cozy/ApartmentsDOTcom charges Landlords to collect rent. Another reason why I absolutely hate ApartmentsDotCom is the email verification system after EACH and EVERY time you Log-on. I could quickly check Cozy as I'm running out the door takes 30 second literally to Log-on and do my business. Now logging on you have to not just Log-on to Cozy but the email account you are using to get their BS verification email. It's 2020 people that verification needs to happen ONCE and then they check your IP for validity. Everything about Cozy is more slow now and tedious just wait until we have to Log-on to ApartementsDOTcom wait for the verification email all the while getting pummeled by Ads from their 3rd parties sponsors. This is nothing short of a nightmare!

Post: Cozy transition to Apartments.com

Rick M.Posted
  • Rental Property Investor
  • Fort Lauderdale, FL
  • Posts 151
  • Votes 94

I've been looking at Rentler for an alternative, if you remember the Cozy main site Rentler looks like the same skin just different colors haha, Here's the link. https://www.rentler.com/

@Courtney Walker I do mind paying to collect rent, Cozy provided years of allowing me to collect rent for free, just because they sold out to Apartments.com and they are a bunch of greedy golddiggers doesn't mean I'm not going to settle for anything less. Rentler looks like I might be needing to make the switch before Cozy gets completely axed

Post: Cozy transition to Apartments.com

Rick M.Posted
  • Rental Property Investor
  • Fort Lauderdale, FL
  • Posts 151
  • Votes 94

This is NOT good. Apartments.com is all about money everything else takes a backseat. After this "transition" they'll ice Cozy.co and all of a sudden it will cost Landlords money to collect rent.

Post: Smart or SCAM? - Help a Newbie with Some Math!

Rick M.Posted
  • Rental Property Investor
  • Fort Lauderdale, FL
  • Posts 151
  • Votes 94
Originally posted by @Bjorn Ahlblad:

@Paris Williford there is zero control over outcome here and the numbers are all over the place. 2500 per mo for mgmt? You would be better off at the casino.

 $50 a month for utilities? My water bill is more than that a month

Post: Pet Wellbeing Per Lease

Rick M.Posted
  • Rental Property Investor
  • Fort Lauderdale, FL
  • Posts 151
  • Votes 94
Originally posted by @Jennifer T.:

Yes, I do think you're responsible for the damages your dog caused.  It sounds like you were not paying your roommate to be there when the dog was there.  He was doing it as a favor that, when he was home, he'd naturally be there to keep the dog company.  That puts his "level of care" at a substantially lower level than if you were paying him to watch your dog.  I mean "care" in terms of legality, not so much of the dog itself.

A clearer example of this legal concept would be (caveat, not an attorney) is if my friend asked me to do her a favor and keep her jewelry box at my house while she was on vacation, but is not paying me anything.  My level of care would be pretty low if something happened to her jewelry box.  Maybe I'd be responsible for something grossly negligent...like leaving my front door wide open while I wasn't home and someone walked in and stole it.  But, if someone broke into my locked house and stole it, I'm not legally responsible for her loss.

But back to your example.  He can't neglect your dog by kicking it (I know you didn't say that).  And, if he was home when the scratching was going on, he should have stopped it.  But I'm sure he wasn't agreeing to act like he was under house arrest and couldn't leave, anytime he was alone with the dog in the house.  It's a highly unreasonable expectation and no one would agree to that without being paid.  That's what a paid service or a doggie day care facility are for.

Out of curiosity, what kind of damages is he talking about?  A basic, brand new exterior door is less than $200...unless the original is fancier than that.  Or scratches can usually be repaired with a sand down and repaint of that area of the door.  It should be pretty minor stuff.

While I understand why the situation is awkward and uncomfortable, those are not legal grounds to vacate.  However, I would speak to this guy and try to come to some kind of arrangement.  But, keep in mind, it's probably not going to be free to break your lease.  Maybe offer that you'll move out and also pay the next month's rent, to give him a chance to find someone else, if he'll sign off on releasing you from the lease.  If he still doesn't budge, add-on that he can also keep the security deposit.

Or if he's telling you he wants a couple hundred bucks to fix he scratches and you think that, as long as you make him whole, things will be better again.  Then it's probably cheapest to just pay for the damages your dog caused.  Keep on living there and give a 30-Day notice before the end of your lease that you do not want to renew.  If that is how you still feel.

I couldn’t have said it better myself!! Bravo Jennifer

Post: What was your biggest mistake starting out as a Landlord?

Rick M.Posted
  • Rental Property Investor
  • Fort Lauderdale, FL
  • Posts 151
  • Votes 94

I wouldn’t call it a huge mistake but inheriting tenants, like others have said. They were set in their ways and used to a push-over of a LL. They were all a tight-knit group they would all watch football on Sundays in the tenant with the largest square-footage apartment. Come to find out once I had to remove one of the tenants, for legal reasons, they all began to be just plain horrible, absurd maintenance requests and the worst of all they felt they were “entitled” to this property because they have been there for a number of years. I was completely baffled that someone who is renting would have the audacity treat the owner of the property as if, I was the one paying rent to them. It wasn’t like it was a slum or anything all the units were recently renovated literally a month earlier before my purchase, the previous LL, went into bankruptcy I assume giving in to all their unreasonable requests. They were basically living in new units but for some reason they always found something to gripe about….and too boot $200-$600 under market rents in the most desirable area in the city.

TL:DR – Don’t inherited tenants especially if they are all a tight-knit group they will turn on you faster than the plague.

My next purchase I will be cleaning house before I close on another property.