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All Forum Posts by: Colleen F.

Colleen F. has started 60 posts and replied 8304 times.

Post: Renting to Group Home for persons with disabilities

Colleen F.
Posted
  • Investor
  • Narragansett, RI
  • Posts 8,417
  • Votes 4,398

@Sendil Thangavelu is it a staffed home, unstaffed?  what kind of disability?  Is your property suitable for the disabled? You have your insurance But I believe the business also needs insurance.  I haven't done it but you really need to know what group of disablled persons he is talking about what level of supervision. Cars,  no cars? how many cars if you have staffing? what modifications do they want to do if there are people who are mobility impaired.

Post: Can I take venmo for rent from tenant?

Colleen F.
Posted
  • Investor
  • Narragansett, RI
  • Posts 8,417
  • Votes 4,398

@Corey Meyer my business account I have them pay by zelle or you there are a number of ways for example on apartments .com they can enter info for an ACH transfer. If you want to stick with venmo, you just need to add the business account to transfer to. If you have an LLC your new leases should have payment made to the LLC.

Post: What do I need from the tenant to do a proper screening?

Colleen F.
Posted
  • Investor
  • Narragansett, RI
  • Posts 8,417
  • Votes 4,398

@Timothy Eaton  You should get an id copy.  We usually run background through a service like smartmove or keycheck or a couple others. You send a request by email.  If you do it that way the information is entered by them. The issue is if you do a judgement because you evicted someone you need the SSN so at some point you want to collect it. I also verify employment so I do have a app other than the credit check service. This gives them a place to write down previous LL and rental history so you can call previous LL. 

Post: Offering services to medium-term rental owners--general tips & local market questions

Colleen F.
Posted
  • Investor
  • Narragansett, RI
  • Posts 8,417
  • Votes 4,398

@Account Closed got to watch those animals,  one mama squirrel chewed up all the windows in one apartment for us. And they have memories so you have to check that they don't reopen up entry points. it is a big issue in older homes.

Post: Finding Tenants, background checks, creating a lease

Colleen F.
Posted
  • Investor
  • Narragansett, RI
  • Posts 8,417
  • Votes 4,398

@Jake Hughes  maybe you have already done this but read your states Landlord tenant laws. You can search this site and get a lot of suggestions about software, state specific leases and background checks. You can join a local real estate group. if you are renting rooms vs a unit will make a difference.  Use all advertising avenues (zillow, apartments, FB marketplace) and you will find what works best in your area. 

Post: House Hacking a Wave of the Next Generations??

Colleen F.
Posted
  • Investor
  • Narragansett, RI
  • Posts 8,417
  • Votes 4,398

@Anthony Swain a 45 min to 1 hour commute was normal in NJ in the 80s and I think there were other metro areas that was also true. I think maybe it is just getting to your part of the country. My BIL won an affordable housing lottery in about 1986 45 min min from his job 2 bedroom townhome.

But given all the growth in WFH that should Make housing affordable and no commute for some

Post: House Hacking a Wave of the Next Generations??

Colleen F.
Posted
  • Investor
  • Narragansett, RI
  • Posts 8,417
  • Votes 4,398

@Anthony Swain of course that is the way to start if you are buying the median house. Previous generations also had the starter or fixer home strategy. Less common now because there are more flippers and fewer starter homes. Also move in ready seems to be what people even if they need roommates to do it.

Post: Offering services to medium-term rental owners--general tips & local market questions

Colleen F.
Posted
  • Investor
  • Narragansett, RI
  • Posts 8,417
  • Votes 4,398

@Account Closed   you never know if it is for you unless you try. What you are thinking to do now is sign on for the setup etc that is work but not the back end where you reap the benefits.   Personally, I would also be more inclined to work on a market where you have fewer rentals available.  More power to you on the squirrels and fire alarms, critters especially squirrels) are not an enjoyable repair for me. I am no stranger to critter issues. 

Post: Electric Vehicle Charging - Draft Lease Statement

Colleen F.
Posted
  • Investor
  • Narragansett, RI
  • Posts 8,417
  • Votes 4,398

@Jim Windgassen   what i am saying is it is fine to do it but there is no reason to put this in the lease. don't add more, put less.    You can set your own personal policy for when you install charging but no need to put it in writing in the lease. All the rest about what is allowable for the tenant to do as far as EV charging is fine.   All the possible install language says is maybe I will do it, I decide, why bother writing it at all?  Things could change, you might change your mind on exactly what you will do when and for whom. It's a promise you don't need to make. Decide when there is a request. What you will and won't do can be discussed when they notify you of an EV.

Post: Lawn Maintenance Liability Situation

Colleen F.
Posted
  • Investor
  • Narragansett, RI
  • Posts 8,417
  • Votes 4,398

@Scott Mac  That would be pretty typical to mow 1/4 acre lot with a self propelled push mower in the northeast. That's not a big lot maybe 35 minutes mowing. If it was TX heat maybe too much and you need to get the ride on.  

That said in this setup unless someone wants to do I would have a service do it, not the tenants. Room renting tenants also aren't usually collaborating on lawn care.