All Forum Posts by: Brian H.

@Bjorn Ahlblad Thanks for that.

I also want to point out that these are low-income rentals.  So tenants on disability are not uncommon for me.  Still say no go?  Wasn't sure if a nice credit/criminal background would make the first lady seem reasonable to rent to.  

Thanks again for the input!

I have had my first rental ad out for almost a month. Wanted to get the rental filled by 5/1, but if I need to wait for better candidates I will. Much rather wait for better renters than jump the gun into a nightmare tenant.

I have owned my properties for 1.5 years now. Just the first time I've had to rent a vacant unit.  So, this piece is new to me still.

I have had so many people send emails of "interest" only to never respond again.  So, of all of those people I now have two that have shown actual interest. One has filled out the application.  

Person 1 is a single mom with a teacup chihuahua emotional support animal. She is on disability from the military and makes more than 3x my rent.  She claims to not have any past landlords since she has mainly lived with family and then as a family with her now ex-husband.

She has been on disability since leaving the military and has not had a job due to that. So, I cannot contact past landlord or managers. I was having some trouble fully understanding her disability paper work to determine if it is temporary or permanent. Maybe someone here could help me with that piece?

With her do I just run the criminal/credit check and if everything looks ok she should be ok?? What else would you check?

Person 2 is a woman that has contacted me about renting to her son who she claims is 32 with a decent paying full time job and has just separated from his wife and so he needs a place to stay.   I had responded that I would prefer to work with him and have him communicate with me. She is clearly in a hurry and said she could bring him with her to see the apartment?  I am more iffy about this because why is he not communicating with me instead of his mom... since he is 32.  Why would she not just pass off the communication when I asked about it?  Or maybe this isn't so odd?   So, I don't even have an application from this person yet and am not even sure who is applying. The mother is local to the area. She breeds little dogs.  So I am fairly sure this is a real thing, just very odd in how it is being gone about.

Any help or advice is so very welcome! Thank you all!

Just posted my first vacant unit ad since I had purchased my rental properties about 18 months ago.

I've received probably 10 emails over the last 5 days. All stating interest in the unit... I respond.... then never hear a thing back.  Is that normal? I even responded to my own ad with my personal email to test it and responded back to myself to make sure my responses to those people had gone through.  Maybe this is normal. Just new to this part.

 Do you run into people that were denied becoming angry with you because now they won't get that money back?

@Adam Rasmussen

She had said we would file as an S-Corp for tax advantages? But she filed them as one return with schedules... so we didn't file as an S-Corp if that is what she did?

@Natalie Kolodij

Is it pretty standard for your accountant to roll your LLC and Personal taxes into one return? That is what mine did for 2018 and has done with 2019, as I have been paying quarterly so as not to have such a big amount owed at the end of 2019....

Just seemed odd to me as I thought we would separate the two, but I also have no experience there. Also concerned my accountant just may not have a lot of REI accounting experience. Positive note, they said I have one of the most thorough and organized QuickBooks they've seen for someone that just learned about it a year ago! haha

BP is starting to crumble. I don't come here nearly as much anymore. You guys are starting to try and do too much. Even with this business podcast that is literally just click-bait titles for podcast episodes that are echoing what other podcasts already talk about. It's too much. BP is supposed to be for REI... and for investors/agents/wholesalers/lenders/etc. to connect.

Now, you guys are making more and more of the site less useable unless people pay for a pro membership... I used to be on here all the time and have honestly becoming less and less because it is becoming less of a community for us all and more of a money grab for BP. Why not just leave BP as an REI-focused site/community and just start a new site if you guys want to expand into other areas? Then we can go to said other site IF we have any interest in all that.

It was such a wonderful site when the blog and forum were completely REI focused... now there is a massive overload of information that makes it kind of stressful, overwhelming, and irritating.

@Rodney Walker

Welcome!  I live up in the mountains in Western NC but have done a flip in Winston Salem and am always looking around for new deals and also people to connect with.

Also, I would love to hear more about the land/timber deals? I know little to nothing about that but based on where I am located I imagine that could be something extra I could do?

@Tony Hightower  You are getting 4% interest on savings? Do they lower the rate after 20k?

@Kevin S.

Doesn't have to be simple. Just want to make sure I'm making my money work in some way or another.