Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: William W.

William W. has started 5 posts and replied 121 times.

Post: Changing checking info for Apartments.com

William W.Posted
  • Rental Property Investor
  • south Alabama
  • Posts 121
  • Votes 88

One of my tenants just got a different checking account due to fraud, and she can't figure out how to change the info for online payment. Do I just need to delete her as a tenant and send her a new invite? I've searched apartments.com and don't really see an answer there.


Also her last payment is 'in process' and I don't see a way to stop it. 

Post: Apartments.com now requiring tax information

William W.Posted
  • Rental Property Investor
  • south Alabama
  • Posts 121
  • Votes 88

That was it! I had to type out Avenue instead of Ave.

I'm curious, if you enter payments manually as 'offline payments', do they still get reported? Those payments don't actually go through Apartments.com

Post: Apartments.com now requiring tax information

William W.Posted
  • Rental Property Investor
  • south Alabama
  • Posts 121
  • Votes 88

I got it too, and when I try to update my info it says.... "We were unable to verify this taxable entity with the IRS. Make sure the information you’ve entered matches exactly with what the IRS has on file, and that the address you entered is a valid US Postal Service address."

I'm know the info I'm putting in is correct.

Post: Alabama tax deed - deceased owner

William W.Posted
  • Rental Property Investor
  • south Alabama
  • Posts 121
  • Votes 88

@Jamie Psmith




One of the heirs eventually caught up on the taxes after I sent a somewhat threatening letter. They claimed they never received a tax bill. One thing I found out is that Escambia County is totally clueless on these things. There was another property I where the owners redeemed and I was never called to sign anything, I didn't even know they redeemed until I got a check in the mail.

Post: New tenant, paying on time, 2 months, not mowing lawns

William W.Posted
  • Rental Property Investor
  • south Alabama
  • Posts 121
  • Votes 88

This is why I have lawns mowed every two weeks and include it in the rent.

Post: Auction.com???

William W.Posted
  • Rental Property Investor
  • south Alabama
  • Posts 121
  • Votes 88

I want to add a bit of extra info here. I have bought properties previously through Hudson & Marshall and also Williams Auction, and with those you can set a proxy bid while the auction is happening. Proxy bidding is where you set your highest bid, and then the site bids automatically on your behalf up to your set max. You can go in at any time and increase your proxy bid. 

Auction.com DOES NOT work that way. They only allow you to set a proxy bid amount BEFORE the auction starts. If you decide to increase your max bid after that auction starts, you may be bidding against yourself! I found this out the hard way yesterday and bid $4k more than I should have.

I much prefer Williams Auction since they do not allow banks to bid on their own property.

Post: The morality of owning mobile home parks

William W.Posted
  • Rental Property Investor
  • south Alabama
  • Posts 121
  • Votes 88

I own an acre of land that I have considered splitting into 3 or 4 mobile home lots, but my fear is that if the tenant owns the mobile home and stops paying lot rent, how difficult would it be to evict them? It costs several thousand dollars to move a mobile home around here (if they can even find a place to move it), and if they can’t pay the lot rent they surely won’t be able to afford that. It just seems pretty complicated to me.

Post: Anyone ever used Cozy.com

William W.Posted
  • Rental Property Investor
  • south Alabama
  • Posts 121
  • Votes 88

I use it collect rent only (I use SmartMove for background/credit check). So far no problems with it, as said above it takes a full week to see a deposit. If they pay by other methods you can simply log on and enter it manually as an ‘offline payment’.

Post: Tenant declaring bankruptcy, how to protect myself?

William W.Posted
  • Rental Property Investor
  • south Alabama
  • Posts 121
  • Votes 88

Well if they stopped paying and you evict, chances are low that you’d get anything out of them regardless, bankruptcy or not. 

If anything, you’re probably more likely to keep getting rent from them after bankruptcy.

1) They now will likely have no other debt which means more money in their pockets to pay the rent...

2) They aren’t going to be getting a mortgage anytime soon, so they’re going to be renting for awhile.

Post: Ductless Heat Pumps for rentals and personal residence?

William W.Posted
  • Rental Property Investor
  • south Alabama
  • Posts 121
  • Votes 88

I have a SFH that I'm currently renovating, and while the original part of the house has central air, it has an addition that does not. I think I've got it narrowed down to either the Senville or the Gree mini split. I'm wondering if these two aren't really the same, with just a different decal?

The only thing I don’t like about mini splits is the remote control. I’d rather have a hard wired thermostat in a rental.