All Forum Posts by: Monica Chan

@Ori B. awesome, thanks for the rec!

Hi all, I'm looking for for a good accountant in the NYC area who is familiar with and works with real estate investors.  Please send any recommendations my way, thanks so much!

Has anyone had experience dealing with a prospective tenant who is Australian/international?  How did you verify credit and perform background check? Thanks!

@Dan Barli Thanks Dan. Which banking institution do you use? 

NJ landlords - what bank do you use to hold the security deposit for your tenants?  Do you use the same bank (although presumably separate account) for your business checking/savings? 

I want to get everyone's thoughts on the tariffs and how it will or has affected real estate investing.  (Just to clarify, I would like to steer clear of any political discussions or discussions on pros/cons of the tariffs.)  The most direct impact that comes to mind is the cost of materials or the cost of rehab/repair when assessing properties.  I have had a general contractor tell me that their subcontractors are quoting them substantially more for materials, e.g., increased per sq foot cost on flooring. Have others had similar experiences lately? And how can real estate investors best account for this going forward when assessing properties? 

@Jesse Aiken Jesse, I appreciate you sharing your experience. How much do you charge for the flat monthly fee?  It sounds like your machines are regular W/D rather than coin-operated. 

@Matthew Fassett Thanks Matthew, good insight. It's looking more and more like coin-operated isn't going to work!

@Patrick M. Thanks Patrick - it helps to know what tenants would tolerate when paying coin-operated

@Michael Noto Thanks for the advice Michael. I looked at costs of coin-operated W/D (the ones I saw run $1600 for new machines) and the cost of installation and am definitely getting sticker shock.