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All Forum Posts by: Yuriy Skripnichenko

Yuriy Skripnichenko has started 122 posts and replied 480 times.

Post: Realtor.com 'Rent vs Buy' analysis

Yuriy SkripnichenkoPosted
  • Property Manager
  • Phialdelphia, PA
  • Posts 494
  • Votes 616

@Yonasan Schwartz

This tool is not something that you should base your decision on. 

Before you pick you target market you should do more research than just one article. Search this forum for "analysis" and you will find a lot of information on how to analyze deals and markets. 

Post: Trello for leads and VA work tracking

Yuriy SkripnichenkoPosted
  • Property Manager
  • Phialdelphia, PA
  • Posts 494
  • Votes 616

Hi All!

I'm currently testing out Trello. I want to use it as a CRM for my VA to track outcomes of cold calls to FSBO and record all the details, as well as set up tasks for me to follow up with prospective leads.

Does anyone use Trello as a CRM in order to track and manage your leads and your VA work?

Please share your successes and failures with using CRMs, and any specific advice on how to organize the boards in Trello would be greatly appreciated. 

Post: Online Payments and Receiving Rent

Yuriy SkripnichenkoPosted
  • Property Manager
  • Phialdelphia, PA
  • Posts 494
  • Votes 616

@Kendall Vrana

I use tenantcloud. It's pretty simple and at the same time useful platform for other features (not just payments). They have free accounts. I pay $9/month for additional features. If tenants pay using their bank accounts then there is no fees for the tenant or you. If they pay using credit/debit card or paypal then Tenants are responsible for the fee. Tenantcloud uses Stripe as processing platform for credit/debit cards and I believe the fee is about 2.9% +30c.  You get your money deposited to your bank account within 5 business days after the payment was made. You can choose different bank account for each property if you wish. 

Post: VA's to make cold calls

Yuriy SkripnichenkoPosted
  • Property Manager
  • Phialdelphia, PA
  • Posts 494
  • Votes 616

@Stacy Decker

Hi Stacy,

Did you work with them personally? 

Do you know what's their VAs rates?

Post: Using Virtual Assistant

Yuriy SkripnichenkoPosted
  • Property Manager
  • Phialdelphia, PA
  • Posts 494
  • Votes 616

@Dave Ramirez

Did you have to train your assistant on specifics of RE or she/he was familiar with the work. Also did you have systems in place for the assistant or you came up with it during your collaboration? 

Any pros/cons of offshore VA?

Thanks

Post: How many chances do you give a tenant who pays late?

Yuriy SkripnichenkoPosted
  • Property Manager
  • Phialdelphia, PA
  • Posts 494
  • Votes 616

@Account Closed

You do not have to specify the day of eviction in the lease. If it's in Philadelphia, you should give them a 10-day notice (after the 5th). If they do not make the payment within given 10 day period you can file for action in ejectment with the court. 

If they pay you in full you can not proceed with the eviction on the grounds of them not paying rent. 

Post: How many chances do you give a tenant who pays late?

Yuriy SkripnichenkoPosted
  • Property Manager
  • Phialdelphia, PA
  • Posts 494
  • Votes 616

@Adam Dow

It depends on your local landlord-tenant law. 

In Philadelphia it takes about 3 month from the date you file with the court to evict a tenant. 

Here it makes sense to evict only if you have tenant that doesn't pay at all. Tenant that pays but late is still paying tenant. 

You should have late payment fee. Which can be a good addition to your rent income. I have a tenant who is always late but always pay on the same day (the 14-15th). I get 5% more rent from here because of the late payments.  

Post: VA's to make cold calls

Yuriy SkripnichenkoPosted
  • Property Manager
  • Phialdelphia, PA
  • Posts 494
  • Votes 616

@Brandon Purdeu

Which company/website did you hire your assistant from? 

Post: Land trusts, LLCs, and Refinancing

Yuriy SkripnichenkoPosted
  • Property Manager
  • Phialdelphia, PA
  • Posts 494
  • Votes 616

@Jim Brozny

I buy properties in trust as well. And from my experience it is much harder to find a bank that would do a loan to a trust. I haven't had any problems with LLC. However, for LLC or a Trust you personally will be signing the note.

Post: Is the LLC path common?

Yuriy SkripnichenkoPosted
  • Property Manager
  • Phialdelphia, PA
  • Posts 494
  • Votes 616

@Chandler Ludwick

It depends on your personal goals and the type of the deal you are working on. If it's buy and hold, I'd check with local ordinances as well. For instance, in Philadelphia you have to have a rental license to be able to rent your property. If your property is in your name and you have any unpaid city taxes or bills, you won't get your rental license until you clear all debts with the city. LLC in this case is a layer of protection not just from your tenants but from local government as well.