All Forum Posts by: Bryce Cutler
Bryce Cutler has started 12 posts and replied 176 times.
Post: Vacation rental mortgage Orlando
- Investor
- Wynantskill, NY
- Posts 178
- Votes 77
We are adding a vacation rental in the Orlando area and looking for a loan officer that understands STR financing. Any suggestions?
Post: Rental Payment Management Software
- Investor
- Wynantskill, NY
- Posts 178
- Votes 77
@John Lyszczyk I used Cozy and it was ok, but you get what you pay for. I switched to RentRedi at the beginning of the year and have no regrets. It is user friendly for me and the tenants have provided positive feedback as well.
Post: Attn: SBA Disaster Loans for Landlords
- Investor
- Wynantskill, NY
- Posts 178
- Votes 77
Agree that some clarification is still needed.
Post: Attn: SBA Disaster Loans for Landlords
- Investor
- Wynantskill, NY
- Posts 178
- Votes 77
@David Hulit
All details you have provided are accurate. The only one I haven't received clarifications yet as an owner of STR's is if that business qualifies.
Here are details for the PPP via the US Chambers.
https://www.renscochamber.com/sites/default/files/PaycheckProtectionProgramChecklist.pdf
Post: Attn: SBA Disaster Loans for Landlords
- Investor
- Wynantskill, NY
- Posts 178
- Votes 77
@Mike H. There are 3 separate loan options. The disaster relief fund which is out there and available to apply for now. The Cares program and bridge program are programs that they have told us are coming but haven’t finalized process and how to apply yet. It will go through the SBA but process is still pending. Might have full details tomorrow or Tuesday.
Post: How can we let tenants pay rent with their credit card?
- Investor
- Wynantskill, NY
- Posts 178
- Votes 77
@Di Ye check out RentRedi. I use the platform and it gives tenants the option to pay via direct withdrawal or credit card and you can choose whether they pay the fees or you pay the fees.
Post: Attn: SBA Disaster Loans for Landlords
- Investor
- Wynantskill, NY
- Posts 178
- Votes 77
Originally posted by @Gaspare U.:
@Bryce Cutler first, thank you for the quick reply! And second, may you and your family stay safe.
Thanks again!
Same to you, stay safe and healthy.
Post: Attn: SBA Disaster Loans for Landlords
- Investor
- Wynantskill, NY
- Posts 178
- Votes 77
Originally posted by @Gaspare U.:
@Bryce Cutler which form did you use please? I uploaded the Business Loan Application Form 5. I’m a landlord for both retail and residential properties.
Thank in advance for your help in this.
Form 5 is the correct form for the disaster relief fund.
Post: Attn: SBA Disaster Loans for Landlords
- Investor
- Wynantskill, NY
- Posts 178
- Votes 77
Originally posted by :
@Michael Ablan is the weekly payroll assistance a separate application? I'd like to keep my one employee on but was looking for information on how to apply for that and haven't seen anything and I didn't see a spot for it on the Business Loan application
it is a separate application but process has not been spoken of yet. I expect we will know more on Monday or Tuesday.
Post: Attn: SBA Disaster Loans for Landlords
- Investor
- Wynantskill, NY
- Posts 178
- Votes 77
Originally posted by @Vinci S.:
@David H. Is there a submit button on the page? I was able to only upload the forms and documents and got a 'form uploaded' message but is there a submit button so we know it went through with all our uploaded documents? Thanks
There is a submit button. I am an investor both long and short term as well as a commercial banker by day. I applied and it was a beast to get through but SBA usually is. I submitted last Friday and this past Thursday I got a notice that it is under review. Supposed to be 3-4 weeks for a decision from what I understand.