All Forum Posts by: Cody Brown

I'm not a fan of RentRedi due to their payment timelines and reporting which were really inefficient once we got above 20 units.  S8 should do a direct deposit to your bank account for the portion they are paying. For the tenant portion of the rent, you can normally provide your tenants a few options.  One of the easiest is to work with a local bank that the tenants can do a deposit at.  We do this and have roughly 40 tenants per month make a deposit directly to our business account referencing their unit number each month.  They have no ability to withdraw, but they can make deposits. 

I can't help but vouch for how great this meetup is.  There's tons of great knowledge whether you are interested in short, medium, or long term rentals along with rehabs/flips. The beer is quite excellent too. 

I work with a local bank out of Arkansas called First National Bank but they now have the ability to lend in Tennessee after an acquisition there.  I have had a great experience with them over the last 2 years and they current hold all of my commercial loans.  Tim Wells is my primary banker there. 

Looking forward to a great chat and some coffee in the morning.  If anyone has specific topics they’d like to chat about feel free to drop them here for some pre-emptive thinking time.  I personally would love to talk through how everyone is preparing for tax season.

Awesome!  Looking forward to it. 

Any meetups for January?  I just moved here and would love to meet like minded folks. 

Hey y'all.  We recently relocated to WS and I'm currently remodeling our primary residence.  I could use support from a plumber on our bathroom remodel.  Would anyone have any recommendations on someone who is investor minded?  I want to make sure I can draw clear lines with the plumber/contractor on what they can do and what I can do in the project to save on costs.  We have relatively flexible timing.  

Thanks in advance!

Following 

Thanks for all the replies so far.  I have 3 electricians coming out today to give separate quotes and I'll update when I hear back. 

I have a duplex (built around 1940) that has an older fuse style breaker box.  It overloading this weekend and burnt part of the breaker box.  I had one electrician come out this weekend and recommend a full rewire of the home which would cost roughly $12k to accomplish.  The home has part of the outlets grounded and part of them not grounded and I believe it has aluminum wiring.  I have a standard landlord policy with a $1k deductible but I'm not sure if I should pursue getting my insurance involved since I don't know if this type of full rewire would normally be covered by them.  I do have lost rental income coverage as well.  I'm happy to provide more detail, but I'm not entirely sure what else to provide.  Any help, advice, or questions are appreciated.  The property is in Arkansas.