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All Forum Posts by: Vasudev Kirs

Vasudev Kirs has started 24 posts and replied 79 times.

Found my answer. I had to go into Home > Properties > True Leads > Application Requests. Once I was on that page, I could see the applicant's email address and contact info.

(cross posting this from other forum)

Hello:

Does anyone know how I can reach out to a prospective tenant from apartments.com portal directly or indirectly? I am using apartments.com for listing and do not want to use it for screening. yesterday I received an application request from the portal but I want to use mysmartmove for screening. I don't know how to contact the prospective applicant.

Any ideas?

Thanks.

Hello:

Does anyone know how I can reach out to a prospective tenant from the portal directly or indirectly? I am using apartments.com for listing and do not want to use it for screening. yesterday I received an application request from the portal but I want to use mysmartmove for screening. I don't know how to contact the prospective applicant.

Any ideas?

Thanks.

Quote from @Ayyoub Feza:
Quote from @Vasudev Kirs:

Hello,

We recently purchased a rental property and created a domestic limited liability LLC (two members - my spouse and I). Title company is asking the EIN/TIN of the entity. Is it better to create a new EIN or is it better to create a TIN or just use my personal SSN?

We would like to keep the operating revenue and expenses separate from our personal stuff but want to file them along with our personal tax returns. What is the best way? Also, do you suggest we create a new bank account to manage property? Could you please provide suggestions?

Thank you!

Hi, do you have a mortgage for this property or bought it by cash? If you have lender, is your lender ok with putting the rental property in llc?

no mortgage because i pooled with two other friends. heard that it is difficult to get a conventional loan for LLC.

Thank you. I tried hard but couldn't find a way to hide phone number. Would you please be able to guide me on the steps once on Zillow Rental Manager?

I published a listing on zillow rental manager and I got a text inquiry within a minute which seemed odd to me. Text message had bad grammar and white spaces - typical red flags of a spam. 

1. Is it possible to hide phone number from the listing? If yes, is it wise to hide it?
2. I am a property owner and dont want to be woken up by phone calls. Does Zillow require a phone number?

Quote from @Olivia Grabka:

@Timothy Eaton

1. Credit report

2. Background check

3. Last 2 pay stubs

3a. Look at their year to date earnings

3b. Look at how much they make per pay period

4. Most recent bank statement

4a. Overdraft fees

4b. Cash flow (how much gets deposited, how do they spend)

Zillow's platform is excellent, their product comes with an application feature that will get you applications with credit reports and background checks. The other items you should request manually and review yourself.


 do you include all these requirements in the rental ad for transparency or do you communicate them verbally? if verbally, at what point do you communicate them?

Post: LLC advice for first time investor

Vasudev KirsPosted
  • Posts 79
  • Votes 17
Quote from @John Morgan:

LLCs are very easy for any attorney to pierce and show you're behind it. Get extra liability and call it good. Get your first 10 properties in your personal name for lower interest rates, then get an LLC to buy the rest with DSCR or commercial loans. I learned the hard way. I bought several in my personal name then deeded them over to my LLC with mortgages on them. Don't do that. lol. I've talked to several attorneys who invest in RE and this is what they tell me. They put them in their personal names and get extra liability. They say a million in liability is enough.


 Folks are talking about umbrella policy and extra liability. What would be an example and insurers who provide the coverage?