All Forum Posts by: Colton S.

Normally you can get a judgement against them, but I would stick to what your lease states. If it says one months rent or they have to pay out the month, then go for that and work to get the unit rented asap.

Being a 5 gallon water heater, I would say they probably run through water too quickly.. that's a small water heater.

I think it would be a great idea. The investment is small 800-1000 and you're right, if one tenant stays it would be worth it.

Bryan Otteson I have to agree with Bryan, you should have verified the person requesting the wire however they should have used a secure email server. The fault is in both courts, but the one most at fault is the agent and their company. I would talk to a lawyer if it's a good amount of money. Moving forward, call to verify.

@David Dachtera You know, I was worried about the "pigeon hole" because come names that I strongly considered were Shaw Rentals, The Shaw Properties and a few other similar available ones. I normally am good with naming things, but with the industry so specific I've found generating ideas tough.

Thanks for the advise!

Hello BP World,

I am at a dead lock right now in terms of thinking of a name for my buy/hold rental company. I want to have a name/domain so I can start to form a more official image in the community as a whole.

I know that using a last name, and location in the name are rather limiting, so I'm trying to avoid this.

Does anyone have any tips as to how they got to their name, and why?

Thanks in advance!

Which utilities are paid? I assume possibly water, and garbage.

If they ALL are paid, that could run to be costly. Just depends on the numbers

@Jason Hartley I don't disagree that a large amount of insurance companies ban pit bulls. Insurance companies do their research and write policies based on that, which is based on what they experience.

One note of hope for pit owners is the fact State Farm will insure them, no matter the breed. State Farm is by far the largest Property and Casualty insurance in the united states with 50.4B in policies written in 2013. The closest behind them is Allstate that has 24.8B in 2013. I would have to imagine if a the largest insurance company in the US has deemed specifying breed unnecessary, then there has to be some logic to it!

Jason, just as a side note personally. I love doing research and love hearing other peoples sides and reasoning, so please do not take any offense to my responses. I am merely just making my case, and listening to yours. (:

http://www.investopedia.com/articles/active-tradin...

@Jason Hartley The unfortunate truth Jason, is that golden retrievers can and do cause as much damage as most large dogs, pit bulls included.

When reading the statistics that claim Pit Bulls do the most damage are mostly inaccurate because there is no actual breed testing done in the majority of the cases. They look or use eye witness accounts to determine the dog, and more often than not the dog determination is wrong.

Statistically, Golden Retrievers have a worse temperament than a pit bull, meaning they are more likely to bite more frequently. Simply saying they can theoretically cause more damage does not prove anything.

Once again, I understand that when someone has an opinion about something it is impossible to see facts now a days. So this post is less geared towards you, Jason, and more to eliminate the misinformation on this thread about dog breeds. Just check out some of the links I have posted below, they help to clear up information.

As it has been said already, there is many precautions you can take to eliminate yourself from liability, make sure they are in place and be content with the cash flow. If they aren't great renters, that is a whole different story. But if the renter is doing everything right, yet you want to risk losing them for an a tenant you don't know and a liability that they might bring you are aware of? I call that silly.

Literally anyone can sue you for anything now a days get over it. Invite someone over, they trip on water on the floor of a kitchen and can sue the landlord. Why eliminate cash flow simply because you're afraid of being sued? If that's the case, don't own rental properties, run a business, walk outside, drive a car, work a job, and own a dog.

I urge people to really do research before posting a very biased answer. We have all the tools at our disposal to find out that most of the statistics online can only be taken with a small small grain of salt. Literally just google false statistic in the news and you will find hundreds of thousands of results that people actually believe. Did you know that 73.6% of all statistics are made up? No, you didn't? That's probably because it's made up and realistically cannot be proven with the dynamic nature of statistics being said and shared. This is another one of those cases.

http://www.businessinsider.com/736-of-all-statistics-are-made-up-2010-2

I could not care less if you let pets in your rentals or not, because that is ultimately up to your style and want. Some people love them and use that as their edge, and some people run like it's the plaque.

http://www.huffingtonpost.com/steffen-baldwin/the-...
http://dogtime.com/dog-health/general/1220-american-pit-bull-terrier-temperament-dog-bites
http://atts.org/breed-statistics/statistics-page1/
http://tvblogs.nationalgeographic.com/2013/03/19/the-truth-about-pit-bulls/

That is an interesting requirement that I never heard of. Did you bring up the question with your bank?