All Forum Posts by: Tyler Brown

Hey all, I purchased a long term rental in Houston. Is there an energy company (electrical and Gas) that will do roll overs? Meaning, automatically turn on power when a tenant leaves...Or, is this to difficult with multiple power options. My local market only has one power company so I'm wondering how people systemize this...

I am wondering the same thing. Would be amazing to spend less than 1/3 the cost and save days...

I have a fully rebuilt 3/2 in oceanside close to the ocean with all utilities run to the back yard (ready for an ADU and JADU if you want). I have a 2.99% 30 year fixed I would do a lease option or mortgage wrap with for someone with a $480K down payment. Could also potentially get a 2nd behind the first at 2.99%. Purchase price $900K, first Mortgage $420K at 2.99%. New sewer, electrical, electrical panel, mini split, tankless water heater, plumbing, flooring, kitchen, bathrooms, turf, driveway, hardscape, etc. Currently rents for $3,250 and an ADU would probably get $3K, JADU prob $1,500-$2,000...

I think you can do a wrap (AITD) instead. Use a 3rd party mortgage servicer giving access to all parties and alerting Seller (Borrower) if payment is not paid by the 5th. The payment goes direct to lender thus avoiding Seller not paying lien. Set up alerts with the county recorder, get title lock, and title insurance. Lots of ways to secure everyone and set up notifications. Seller Financing Addendum and disclosures where all parties know who is responsible if lender calls due. Lots of ways to minimize that. 

I think it's silly to put a one size fits all "something is always bad" tag on something. There are certainly times when sub to works and variations (Like a wrap) that work well too, with informed consent where all parties benefit.

@John Erickson are you managing your own properties or acting as a property manager? I’m hoping to find a great channel manager/PM system that has a great calendar functionality to sync with my owners calendars automatically.

@Richard Scherf how is the calendar feature with OneFTop? My current issue is syncing my bookings (calendar) with my clients/homeowners calendar. Looking for automation here I’m no getting from VRBO...

Yes, they are all too busy. Ha ha. Even my handymen are shaking me down lately.