Nathan Gesner
Tenant wins $17,000 judgment. Landlords, maintain your rentals!
21 October 2021 | 19 replies
He keeps utilities in his name so he can shut them off if the tenant isn't behaving.
Marisol Sanchez
Hometap (equity lender)
16 November 2021 | 2 replies
Have any of you utilized Hometap?
Andrew Curro
Time Commitment to Manage a Duplex-Fourplex
22 October 2021 | 5 replies
Once you buy one, you'll probably buy more.Some suggestions:1) Us Quickbooks and set up Classes for each property and subclasses for each unit. 2) Scan EVERYTHING to either Google Drive or Dropbox. 3) Create a consistent folder-tree convention, example: Main_123 (property address with street name first) -General Property Info --Insurance --Property Taxes --Title Docs --LLC DOcs --Purchase Docs --Loan Docs-Utilities-Maintenance-Leases --Folder (LastName_FirstInitial)-Advertising-Rental License-InspectionsAppliances & Mechanicals (pics, model tags, warranties, etc)4) Create list of consistent naming conventions for files so you don't have to open themExample: yyyy-mm-dd Main_123 Water Bill mm-dd to mm-dd $xx.xx Lease Main_W_123_#unit (LastName_1stInitial) $RentAmount EXP yyyy-mm-dd5) Create a great lease by reviewing several from online, then have attorney review for compliance with state & local laws.
John Doss
Suspicious tenant - potential illegal activities?
28 October 2021 | 19 replies
Why set the lease to start tomorrow if he wont be utilizing the room for another 3-4 weeks?
Sam P.
Transferring property to LLC
24 October 2021 | 4 replies
Use a copy of the Quit Deed to show the proof.Update everything associated with your business (utilities, bank accounts,...) to the LLC name
Brendan Seals
Tenants paying utilities
22 October 2021 | 4 replies
So how do I make my tenets pay all the utilities?
Spencer Mitchell
New Business Venture
22 October 2021 | 0 replies
One big takeaway for me personally, would be to utilize the help of a licensed professional commercial realtor to negotiate on my behalf, going forward.
Nathan Stanley
Solar for possible future tenants??
1 November 2021 | 15 replies
I wouldn't include any utilities in rent if it can at all be avoided, even with solar.
Tyson Hill
Time frame for property management payments?
25 October 2021 | 12 replies
Owners with 40+ units tend to have more expenses (maintenance, utilities, etc.) and are more likely to have tenants that pay late, so we try to wait until the majority of funds are received before paying them.
Robert Hamilton
California Wholesaler's Advice
22 October 2021 | 1 reply
Is it possible to get around an assignment clause by utilizing a LLC as the buyer then selling the interest in the LLC to the end buyer (Cash Buyer) at the closing.