All Forum Posts by: Roy Bias

 We decided to go with a site called Turbotenant and thus far its been great! It says it send out text and email reminders for rent but we haven't collected the first months rent yet so I'll have to update you down the road. I get text messages when a new lead comes in or if someone fills out an application, which I like. The paperwork portion, I believe there are 32 different forms and a state specific lease that can be purchased for $79. That $79 is for one year. If you already have a lease and the "landlord" documents, the site is free to use.

 Ivan, 

My wife is a research master lol. I'm going to ask her if she can do a pros and cons for 3-4 different sites. I'll definitely let you know what we think is the best choice for us. FYI..A buddy of mine has mentioned to me that apartments.com gave his tenant some payment issues. Specifically, being able to connect to smaller banks or credit unions. So he's had to make other arrangements for payment and couldn't use the site for rent payments.

Thank you, Cameron!

Nathan G -

Thanks, Nathan. I plan to weigh pros and cons once I find a few sites that are reputable. 

Grant Thompson -

Thank you! It certainly was frustrating at times but I'm glad I pulled the trigger. I'll give these sites a try, thanks!

After about 4 months of looking at different properties, I've finally closed on my first rental! Only bad thing, in my opinion, is that its a condo. Condo fees are currently $205/month (it will go back to $125 after the 4k has been reached for the new roof they put on two months prior to buying it). That does include trash, snow removal, and landscaping. Total monthly expenses are around $710 per month and market average for this area with similar sqft, bedrooms, amenities is around $1200. Just wanted to share with this community since its what helped get me started!

Also, any suggestions websites to help manage it? I've heard Zillow has a good rental management tool that allows me to list, send lease agreements, receive rent payments, etc. 

Thanks in advance, 

Roy

Company A (4.1%) stated I could only borrow 130k. Company B (2.99%) stated I could borrow up to 180k. Company B did not mention paying points. I ended up going with Company A for a few reasons and you mentioned some of them in your reply. Thanks for helping out and answering my questions! 

Hello all. I'm a rookie investor and need some advice. I am currently in contract on my first investment property. I was using lending Company A who gave me a 4.2% on a 30 year with 25% down. Company B stated they could give me a 2.99% with the same amount down (25%), same length, and I could borrow more money. After deciding to use Company B and having a pre-approval for the same property, they came back after being in contract and said they could only do a 15 year at 2.99% because the amount I was borrowing (110k with 25% down) was too small to qualify for a 30 year. Should I go back to Company A so that I have more cashflow each month (worried about closing being delayed if I switch) or stick with Company B? I should mention that there is a $205/ month condo feeThanks in advance for the advice.