Stephen Brown
Denied for a Business Credit Card
21 May 2021 | 3 replies
I will have a separate bank account for the LLC, and I have separate accounts for the rent, security deposits and cash to pay for expenses for the property.
Wendy Black
Investment Condo Refi?
8 June 2021 | 4 replies
I was reading that Fanny Mae and Freddy Mac have specific requirements for refi when it comes to condos, and one of them is that it can't be an investment security, which the site said was an investment condo.
Peter Van der Steur
Pushback from potential tenant after background check results
23 May 2021 | 8 replies
Different areas have different rules but I keep it quick, brief, and electronic, no one knows why they were denied but everyone knows up front there will be many applicants and I pick the best, security deposits are non refundable.
Wesley Mullen
Reducing 401k contributions
24 May 2021 | 13 replies
The amount you receive from ordinary income (401k distributions) is combined with your social security (after you start collecting) and due to its ordinary income status, can cause you to pay taxes on SSI....reducing your available income at the whim of the government....in retirement when you don’t have many options to generate income in a typical retirement situation.If you’re working a W2 for a while, and investing in your 401(k) at the same time-getting the match-you’ll be contributing to social security taxes today, and will be “entitled” (ie, forced to take) them later.Also, a lot of 401(k)s have 1.5%+ fees in the generic options...enriching Wall Street to almost as much as yourself with “free money”.I recommend you read “The Power of Zero” by David McKnight and “401(k)aos” by Andy Tanner.
Katherine Ming
Landlord responsiblity and liabilty with gap in fence
22 May 2021 | 10 replies
They are NOT "security cameras" because we have not suggested we could, nor do we have the means to provide security 24/7 across the property.
Kevin Hutchens
Charging a brokerage fee for renting an apartment you own
23 May 2021 | 3 replies
Hi Everyone,I was helping a client find a rental in the metro west area outside Boston and I noticed real estate agents who owned and managed the units they are listing were charging a brokerage fee to the potential tenant (my client) to move in to their home.I thought this was weird because why would an agent want to collect a fee from their potential tenant on top of first, last & security.
Josh Egan
triplex with questionable tenants
22 May 2021 | 2 replies
leases with security deposits are in contract. closing date is june 30th so there would be no pro-rated amount for rents. what can i do to guarantee they are up to date and i dont get stuck with someone elses problem?
Alex Goncharov
Just curious What are your average days on market for vacant unit
25 May 2021 | 14 replies
I have already priced it slightly above comps, and yet people are willing to pay more, have a longer lease and/or pay from 6 months to a full year in advance to secure the property.
Jeremy Torres
New tenants move in
2 August 2021 | 5 replies
@Nathan G. what about security deposits?
Santhi Mani
Question about inspection for a 1950s house
4 June 2021 | 9 replies
Also take a look at the grading of the surrounding ground to make sure water flows away from the house, not to the house.Siding can hide many damages, if you see patches or cheap siding recently installed, it is time to start asking , what and why.HVAC, how old, how old is the ducts, take a peak in the the registers, how dirty they are, HVAC handler closet, look for mold in this area, the condensate water drain condition and where it goes.Electrical panel model and manufacturer, google it for recalls.Floor carpet if any, I hate carpet because it hide damages and if it is secure you cant pulled it to look under, look for stains or cold spots, that is an indication of a wet spot. specially near baths Kitchen or egress doors.Kitchens and baths, old or new, try to look behind frig and dishwasher, they hide a lot of water damages and are very subjectable for mold growth.