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All Forum Posts by: Shaun C.

Shaun C. has started 6 posts and replied 256 times.

Originally posted by @Bob Alva:

One option I don't see mentioned a lot, but in doing some research is Quickbooks Online, for $15 a month you can send invoices to your tenants and have them pay via ACH. They also said I can setup recurring payments. I feel like with Intuit, there must come a bit more safety.

 I can understand that though, but with the hacks of major corporations(Experian) and governments alike (our own), let's be real; nowhere is impenetrable. Why pay a fee when I can use another place that's just as secure for free? You're throwing away $180/yr.

Originally posted by @Chris K.:
Originally posted by @Shaun C.:

Venmo all day. Tenants pay me on day one, and the money is in my account the next morning. None of the 3-5 day wait like cozy. Plus, most younger people already have it.

 Have you run into any issues with it? Can it be set up under a business or does it have to be under a name? I'm thinking about going this route but just want to switch to it and find out there are things I may have overlooked.

None at all. I get an email and an app notification as soon as my tenants pay, log in to transfer to my bank. The whole process takes about 30 seconds and the money is in my account the next day. Not sure why anyone would use Cozy and pay a fee to get their money that quick when they could just use Venmo for free. 99% of <30 year olds use this already, at least where I live.

Post: Help! Sketchy tenants

Shaun C.Posted
  • Royal Oak, MI
  • Posts 257
  • Votes 230

Why is this even a question? Eviction.

Venmo all day. Tenants pay me on day one, and the money is in my account the next morning. None of the 3-5 day wait like cozy. Plus, most younger people already have it.

Currently switching my only duplex to a rental policy while obtaining new quotes for another primary residence and auto. I did have NREIG quote me yesterday and they were half the price of what my current insurance agent did. I will say that I have not spoke to them by phone to verify everything is as good as it looks, but I have a phone call scheduled with them today so I can't see how the price will double by whatever I end up changing.

Not a problem I have but I see a lot of people making posts about applying late fees. Have a clause in your lease that clearly states that rent is applied LAST, after all late fees, insufficient funds fees, municipal fines paid by landlord, utility bills paid/incurred by landlord, etc.

Post: Dangerous breed service animals

Shaun C.Posted
  • Royal Oak, MI
  • Posts 257
  • Votes 230
Originally posted by @Greg H.:

@Shaun C.

Actually that is not correct. A dog or any other animal is not a protected class. Accommodations must be made for service animals and emotional support animals 

The dangerous breed concerns are however are a reality for landlords.  Many if not most landlord insurance policies do not cover dogs that are labeled as dangerous breeds. We as landlords do not determine the breeds on this list, the insurance industry does.  I get it.  All breeds bite and can cause injury

I am a dog lover and could never imagine life without one. But.....I am surely not going to take personal liability for someone else's dog that is excluded by my insurance. Would you?

Oh I know it's not legally the same, I'm just saying from my point of view, it's no different. I would never let someone rent from me that didn't have a proof of at least 2 training courses, a letter from a therapist, and canine good citizen completion. I also require my tenants to hold renters insurance with liability so I'm not really worried about it, but I understand your points.

Post: Dangerous breed service animals

Shaun C.Posted
  • Royal Oak, MI
  • Posts 257
  • Votes 230
Originally posted by @Daniel Luedtke:

Thank you all for the feedback! The breed is a Husky/Lab mix. I think I should be ok with this type, however, I do plan to meet the dog before approving either way.

Is this a joke? You're not a dog person are you? Huskies, labs, pit mixes, dobermans, it doesn't matter. Discriminating against a dog because of it's breed is no different than not renting to a certain race of people. You can't base your judgement of a single animal or human because of the reputation or stigma of them as a whole. 

People walk across to the other side of the sidewalk when they see me walking my mixed breed dog that has never caused any issue but probably wouldn't do the same for little yappy dogs even though they're probably nowhere near as well trained as my pup. Require proof of ESA certification, letter from a doctor, proof of dog training and good canine citizen certification if you need to but don't throw out a potentially great tenant and good dog just because you think it's a 'dangerous breed'.

Post: Real Estate Market in Detroit

Shaun C.Posted
  • Royal Oak, MI
  • Posts 257
  • Votes 230

#1 I wouldn't do anything without coming here so you understand the city. Good areas are Sherwood Forest, University District, Indian Village, West Village, East Villiage, Woodbridge, Boston Edison, Corktown. There are others but those are the big ones. I love this city to death but would be very hesitant in moving forward unless you like potentially setting money on fire, that's coming from someone that works downtown everyday and resides 1/2 mile from the city limits.

Post: What is your filing system to stay organized while flipping?

Shaun C.Posted
  • Royal Oak, MI
  • Posts 257
  • Votes 230

Google Drive/Sheets/Docs. I pay $20/yr for 100GB space.

Come up with a file structure that works for you and let it evolve over time. Take pictures of all your invoices/receipts, upload checking account and credit card statements. Having access to everything wherever I have wifi is amazing. I can literally send anyone, any important documents they might need within 2 minutes.