All Forum Posts by: CJ M.

I invest in some of those areas. Feel free to PM me if you have any specific questions and I'll help if I can

@Jeff S.

I just started to attempt this now so we'll see how it goes... I'm in the Midwest and live alone (and don't mind some risk). I keep roughly 30 doors (some are paid off...but that may change).

It may be a bad move on my part, only time will tell, but I could no longer handle the egos in the corp world as it was very much impacting my mental health.

@Hamad Khan

Nice! 👏

So I took the plunge at 45 yrs old and said bye to my W2 job. I've been on their Anthem plan for awhile. It looks like I can get a fairly decent plan for myself through Anthem (low deductible) for $450ish/mo.

I'm still shopping around, but any cost estimates and/or recommendations for those only insurance themself?

Thanks in advance

@Hamad Khan

Out of curiosity, what is your average monthly rent?

Have a prospective tenant asking if we're familiar with Rhino?...more specifically in regard to their security deposit insurance. Anyone here know about them/have tenants use them?

From what I can gather, the tenant pays them instead of the LL for the SD and they cover any damages or lost rent? Their website isn't the most landlord friendly either. 🤷‍♂️

https://www.sayrhino.com/products/security-deposit-insurance

@Tina Lee

If she's a good tenant, collect the late fee every month and leave it at that. For me, I love the extra $50 a month.

The cost of a vacancy (assuming you'll have to spend money on repairs, holding costs, etc. to get the next tenant in) may not be worth it.

My two cents.

@Rakesh Balavanthapu

Come to the Midwest, damn near every C/D property is still 1%+. That said, it doesn't make it a good deal on its own.

@John Teachout

This 100%! There is something to be said about "peaceful sleep!"

@Wayne Brooks

He's pretty hostile at the moment. I have a feeling he'd just deny the check was good. Wondering if I could just pay the Recorders Office or put the money in escrow with Clerk of Courts?