All Forum Posts by: Timothy Heck

Hello all, 

I am curious whats the best business checking account for an LLC owned property if I just do a few transactions out of it? I have a check made out to the LLC but our old business account is in a different name with TD bank.

I have seen Amex business and Lending Club with interest paying business accounts, does anyone have them?  I'm looking for a low min balance, possibly to have bill pay or can I get checks, I don't mind mobile depositing.  Does anyone use Fintec such as Grasshopper or bluevine?

Thank you.  

Sure Brayden how to I reach you?

It would be in my mother's name, her and my deceased father's names are on the title I believe.  They had purchased the property Married JTWROS I believe. 

Hello,

Trying to see who has some good lenders for doing a HELOC for Home repairs and rennovations? I estimate we are at 50% LTV as of now. It is for my mother's home who is retired, but has a real estate portfolio I manage.

Thanks in Advance!

Hello big pocket people!

we had a tree fall in our backyard of our rental and caused some multiple issues/ roof damage, railing and stairs,  inside the ceiling that got hit may need replacing and some of the floor.

My question is should we use one GC to fix this all or segregate some of the job for vendors we like.  I Have 2 roofers I’ve used that I’d like to give some business to,  but also have a GC for the inside work we’ve been loyal to as well.


also should we try another GC out for a spare or stay with one we have worked with as long as his bid is competitive?

thanks for your input.

Hello,  

I have just rented a residential apartment to my downstairs commercial tenant, he had advised he wanted a pt apartment and office for his business.  I had asked if he would have customers come to the office, he said only staff.

A few weeks into his tenancy I go back in to get some of my supplies I left from renovations (we had evicted a hoarder and it was very expensive to turn around).  I have found a wall built between the dining and living room with a windowed office door.  This is a 3 unit mixed use building and BHI will be back for their re-inspection for the 3 yr anniversary for NJ.  

Would this fly you think with the inspector?  They seem to look at life safety and quality issues but I have never dealt with this specifically.  

If you don't think it will fly have you gone through it?  What was the outcome?  I don't think trying to get a variance/permit would make sense as this is a residential apartment, there is a large loft upstairs that I assumed he would use.  He is a good commercial tenant so I don't want to go to war, but I'm a part time landlord and don't need a large time commitment on something that may not work.

This is in Linden NJ.

Hello I am renovating a large 2br loft apartment and looking to increase the rent about 25%.


I have a commercial tenant who pays in advance and is looking to rent the space.

Assuming he will pass some checks is this a good idea?  I think he can pay and takes care of the commercial unit,  or is it risky to have too much of the building rented to one person,  they have rented commercial for 12 years though.

Hello all,

We are doing a semi-renovation at an apartment and redid all the flooring.  Its a 2nd fl 2 br loft next to a busy local highway.  

I was going to put in vinyl plank flooring in the living room, hallway, and loft.  A company told me about cork backed vinyl plank vs, the rubber backing I have seen in most other cases.  The salesperson said the cork would help the floor breathe since it is concrete below.  
I asked other floor co's and no one was really pro-cork(but they may not sell it).  One was worried if water was spilled would the cork absorb it and start to smell after a few years?  Does anyone have cork backing Vinyl plank?  Any good or bad stories?  

Also in the bedrooms we are painting with greige to have a little variety.  I was thinking of putting in a green/aqua blue carpet to go with the grey as I thought it would be soothing.  The flooring people had said green/aqua carpet was an unusual request.  

I don't know if I should press on with that carpet in the bedrooms or make all the floors vinyl plank and just get some area green rugs to try it out if the prospective tenants like it?

Any thoughts BP peeps?

Thank you

Would love to attend a future event, even if remote/zoom