All Forum Posts by: Victor San Gil

 Gotcha! I setup a test account with Buildium last night. I've been using quickbooks online to manage my finances, and this is a lot cheaper than what I'm currently paying. Thank so much!

I've made deals where I paid for the tenants first month's rent with range up to $100.00 more than their current monthly rent. Every time I've offered it the tenant took it. But like what the others said, if he is already in month to month then ask for the building to be vacated. 

Try it out! If you can get the devices for 50% off MSRP then take the gamble I say. If in the event the system becomes more of a hassle then a perk you can always remove the smart devices and then sell it for 50% off MSRP on ebay and you'll easily get your investment back. 

Also, in regards to wifi access, will that 100MBps be shared across all tenants thus throttling everyones else's connection or will every unit have access to their own pool of 100MBps speeds? If the account is under your name for the internet I'd be wary about what your tenants might be doing online especially people that download copyrighted materials. Your ISP may be on your tail if they track you down.

Ahh thanks for the insight. I had no idea. If something likes this comes up on my side I'll definitely take high precaution!

@Matthew Irish-Jones do you have any software that you would recommend? I've been researching a few, but haven't committed to any of them.

If it states it in the contract I would expect them to do everything as stated regardless of whatever is the industry standard. If you feel the quality of the work is great or good enough then I would ask for a discount for not completing the work as stated in the contract. It's your property, manage it how you please. Good luck!

@Larry Spradling

I would actively mange the property myself! If you're only $-22/month then drop the property management group and do it yourself. It sounds like this is your only property so you can do it yourself if it is! That'll definitely put you back on the positive side. If the property really is only $50k then maybe you can hold it for another year and a half to pay down the mortgage where you'll potentially be able to sell it for the price of the mortgage.

Look at your options, at this point were just minimizing the loss because you already lost $50k from the buy. 

Good luck to you!

For me, before I went through eviction with a tenant, I filed a small claim at small claims court for x amount of dollars whatever the tenant owed me. The process server then served him with documents and I immediately got a call from the tenant and we were able to work it out BEFORE actually going to our court hearing. I also had him pay for the court filing fees. If you have the proof that you contacted many contractors then I say just go through with the eviction. If the tenant is giving your problems now for something that was out of your control then it may be time to get him/her out. 

@David Stevoff 

I also forgot to mention that all the buildings and land are paid for in full. Right now after all expenses paid, we bring in around 12k-13k a month so I've been reinvesting towards renovations for each unit one at a time. I have completed 14 renovations so far and was able to increase income on those units by approximately 54%. The next 14 units are the ones in really bad shape, but I have been shopping around with contractors to see who would be the best fit. 

As for finding a property manager, my cousin who is a property manager in Seattle, has been assisting me greatly and teaching me how to handle situations that I may encounter. After the renovations, I will definitely look to hiring a property manager as we plan to expand after. 

The properties are located in Guam, which is far off from the continental United States.

Thanks for reaching out! I appreciate it.

@George Blower thank you! Glad to be a part of this community!