Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
×
Try Pro Features for Free
Start your 7 day free trial. Pick markets, find deals, analyze and manage properties.
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Bienes Raices

Bienes Raices has started 437 posts and replied 2472 times.

@Steve Babiak

Yeah, I think I'm basically screwed. Although I still have hopes that I may be able to get someone in there by November 1st.

Post: Investing through LLC or individual ?

Bienes RaicesPosted
  • Orlando, FL
  • Posts 2,498
  • Votes 282

I thought LLCs were a good solution but now it seems there may actually be some truth in the idea that you are still personally liable if you manage the property yourself (see below). Perhaps an umbrella policy is a better option for a lot of people.

http://www.nolo.com/legal-encyclopedia/limited-liability-protection-llcs-a-50-state-guide.html

http://constructionlawcarolina.com/2012/05/14/sc-supreme-court-holds-llc-member-personally-liable-for-construction-defects/

@Matt Devincenzo

Small world!...it is in the Lockhart area (north of Pine Hills, west of Maitland)

Yes, I have it on postlets as well as CL...I believe the price and amenities are inline with the other houses in the neighborhood. I did have a comment from someone yesterday that he "didn't like what he saw" when he was driving around the rental neighborhood (he called to cancel his appointment to see the house) although I did not press him on what he meant by that.

Post: Belgian Malinois?

Bienes RaicesPosted
  • Orlando, FL
  • Posts 2,498
  • Votes 282

A person who contacted me about the rental has one of these dogs. Anyone have experience with them in a rental? I'm not familiar with this breed but a search on the internet had it listed on one apartment complex's list of banned breeds.

I'm only getting one or two responses per day from my ads on Craiglist, etc, and I've had no one apply yet. I'm not even getting the usual calls from people with evictions, sob stories, etc. Could it just be the time of year? I've never seen it this slow in the three years I've been doing this!

Post: How to deny an applicant based on gut feeling

Bienes RaicesPosted
  • Orlando, FL
  • Posts 2,498
  • Votes 282

I have something in my criteria that if they act threatening or aggressive towards me during the showing they can be denied.

The truth is that when someone seems "off" when you meet them, most of the time you will find something legitimate in the application to deny for. Don't panic until you have to.

If you're concerned about large packs of people (typical example: 2 parents, their 2 adult children, plus a kid(s) from one of the adult children who will be staying every weekend, plus the GF of one of the adult children), make it clear that each adult must pay an app fee and qualify. They will disappear after they hear that. Also you should be able to use the 2 per bedroom + 1 guideline to deny a huge group of people even if it's just the basic nuclear family in question.

@Joe Gore

Sometimes people who filed for BK aren't very good about following rules or doing things the right way in life.

Post: Renting Condo - Should I Use An Agent?

Bienes RaicesPosted
  • Orlando, FL
  • Posts 2,498
  • Votes 282

@Joe delia

I certainly didn't mean you, but I've heard too many stories of agents just sticking any warm body in there to collect their fee. Letting the agent take the calls and show the place might be okay, but I would want total control over the screening process.

Post: Minimum Credit Score

Bienes RaicesPosted
  • Orlando, FL
  • Posts 2,498
  • Votes 282

@Account Closed

OK. I misunderstood. However if Kyle is in a hot rental market where he can dictate the terms I don't see an issue with it. If it's a market where people struggle to fill vacancies, it could be considered dumb. But whether or not the applicant thinks the owner is uptight for doing this should be a non-factor.

I don't do this, but I have heard of LLs who take an applicants moving violations into account. Their thinking is that this person may have a pattern of reckless, irresponsible behavior if they have a lot of speeding tickets.