All Forum Posts by: Tyler Battaglia

@Greg M. Can you explain your thoughts on why you think I should do a security deposit vs just charging first and last? To avoid opening a bank account and following all the rules that come with collecting and holding a security deposit I figured id just treat last months rent as security deposit.

I want to make sure Im prepared with the correct documentation to rent out my condo and would appreciate all opinions if im missing anything:

- I have the rental application

- I have my rental property agreement that I will have the renter sign and make copies of and provide them a copy.

- I have the statement of condition that I will have the renter sign and make copies of and provide them a copy.

- I will have them provide a copy of their tenants insurance for my records.

- Will provide receipt for first and last months rent.

- Im thinking of not charging security deposit because of all the strict MA laws and just using the last months rent as a sort of security deposit, thoughts?

- Copy of HOA handbook ill provide to renter.

Am I missing anything?

I want to make sure Im prepared with the correct documentation to rent out my condo and would appreciate all opinions if im missing anything:

- I have the rental application

- I have my rental property agreement that I will have the renter sign and make copies of and provide them a copy.

- I have the statement of condition that I will have the renter sign and make copies of and provide them a copy.

- I will have them provide a copy of their tenants insurance for my records.

- Will provide receipt for first and last months rent.

- Im thinking of not charging security deposit because of all the strict MA laws and just using the last months rent as a sort of security deposit, thoughts?

- Copy of HOA handbook ill provide to renter.

Am I missing anything?

Hi All, I’m looking to keep 1 premarital asset (my condo) separate from my fiancé.

My goal is make sure shes not involved with the condo and the eventual rental property business I plan make out of the condo.

I want to keep her name outside of any liability the rental property business may incur over time. Liability meaning anything with the renter or anything legal.

So in order to keep her completely separate and protect her will an LLC or a prenuptial agreement be better?

@Gregory Stanley Massachusetts

I am getting married next year and I own a condo I intend to rent out eventually. I make all the payments for everything out of my personal account and everything is under my name and have some questions about keeping it only under me.

1. What can I do aside from a prenup to keep my condo completely in my name and possession. Certain Trust?

2. Ive read online it says you have to keep payments involving the condo separate from a bank account your spouse has access to. Eventually my fiance will get access to a bank account that I’ve made mortage payments but these payments of course are before marriage. Can you explain how that works? Would I want to have a separate account for all condo related payments before marriage?

Hello,

I’m looking for any tools or strategies to give me a good idea of how popular renting apartments, Multi families, or townhouses is in a specific area?

I would like more insight into this because before I buy a rental property I want to know

if its a good area where people are looking to rent from and that I wont struggle to get tenants.

Thanks!

Hi I’d like to know some tools/ Apps you find best for managing your rental property such as:

-Book keeping tools

-Finding and vetting tenants

-Documents manager

-Finding best maintenance and contractors fo fix home

Or anything else you’d think is helpful.

Hi all,

I’m going to be starting my real estate portfolio soon by purchasing a 2 unit multi family and living in the first unit for a while.

One thing I cant seem to decide on is should I hire property manager for a short time?

The reason I’m leaning towards it is I’m very new to this and a littler nervous to start so I feel they’d be able to help/ guide me in a-lot of different areas (Book-keeping, Finding good tenants, helping me find maintenance, rent collections etc)

Then after I start to understand best ways to run it I could just get rid of the property manager, Thoughts?

@Aidan Mulligan I really appreciate the long response. Thank you so much.