All Forum Posts by: Charlotte Chew

@Adrian Birchler

Do you know names of services to where the money order is sent electronically? I'd  like to know more about how to set that up. 

Also, if tenants don't pay in time, do you (anyone  else feel free to chime in too) know if there's  a way to deliver Notice to Quit documents electronically or would I do it certified mail? Suggestions? (Just in case. Trying to get systems in plave before I need them).

Thank you for the advice!!

Thanks for the encouragement and feedback-very useful. The bank ABA#, is that just the routing  number or another # that gets payment directly to my account? I need to talk to tenants about setting up electronic payments through a certain platform and stick with it. If they can do Venmo they can just as easily do Cozy or Zillow Rental Manager. Thanks again for the info. 

I was wondering what the downfalls of collecting rent in cash were, aside from the inconvenience of having to pick it up and tracking it. I started giving tenants receipts but I'd  rather do electronic payments.  Thanks for your input everyone. 

Ive had my town home rented out since March and this is my first experience being a landlord. I did screening through Zillow Rental Manager and got my rental agreement from BP. Ive picked up rent several times in cash or money orders. Electronic payments would definitely be easier for me so tenants requested to pay through Venmo this month then requested to go through Cash app instead. I think I need to revisit what the rental agreement says and stick to that because I feel we're going down a slippery slope. I initially went with a property management company but they didnt get a tenant in very quickly and I'd have no cash flow with property management so I decided to manage it myself for now. There's been some complaints with tenants being loud and having too many people at the pool but they seem to do better once I reminded them about rental agreement and HOA rules. Please let me know what advice you have and effective methods of collecting rent. Thank you!

My tenant can't pay rent until 5th. I'll give them a "pay or vacate" notice on 3rd. Is there such a notice in BP resources? I didnt see one in BP landlord docs I bought. Does anyone have an example they can share? Im in Bexar Co. TX.  Also, is there a certain way I need to deliver it for it to be admissible in court if I have to move to eviction process? Thanks for any input you have.

I'm in the same boat--about to rent out my townhome. Which methods/companies do you recommend to screen tenants? I'm looking at Zillow Rental Management and Cozi. Anyone have experience with these apps/companies? Thanks for any input!

@John King- thanks for the info. I got a few comps from a realtor but I wasnt sure on vacancy rates and what other investors' experience has been.  I'm considering converting the utility room into a full bath but wasn't sure if it'd help increase rent and value as much as how much cash I'd put into it. Initial numbers work out pretty well but I'm still learning how to calculate the different metrics and which I need to pay attention to for my system, which is still a work in progress. Thanks again for your input!

Rittiman/Harry Wurzbach area.

I'm looking at buying a 2 bed, 1bath house but some family members who do REI advised against it. In their experience, they had a higher turn over of tenants/vacancy and it took longer to sale once they tried to sell it. They were in Corpus so IDK if the same thing would apply in the San Antonio market. Any thoughts and input?

She bought it 6 yrs ago but IDK how much equity she has.