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All Forum Posts by: Dawn Anastasi

Dawn Anastasi has started 117 posts and replied 5877 times.

Post: Airbnb Cleaning / Management

Dawn Anastasi
Posted
  • Rental Property Investor
  • Milwaukee, WI
  • Posts 6,201
  • Votes 4,343
Originally posted by @Robert Damato:

@Dawn A. Thank you! That is what I had in mind. How much do you plan on renting your place out for during the DNC?

 I don't have a property near downtown.

Post: Airbnb Cleaning / Management

Dawn Anastasi
Posted
  • Rental Property Investor
  • Milwaukee, WI
  • Posts 6,201
  • Votes 4,343
Originally posted by @Robert Damato:

I currently own a duplex right in the heart of downtown Milwaukee, I have tenants in the upper unit right now and am considering putting the bottom up as an Airbnb. 

Definitely put it up as an AirBnb for the DNC convention, you will make a killing. 

Post: App fees limited to $25 in WI??

Dawn Anastasi
Posted
  • Rental Property Investor
  • Milwaukee, WI
  • Posts 6,201
  • Votes 4,343

@Patrick M. I had asked this question of Cozy back in October 2017 and this is what they said: "With Cozy, the actual cost of the screening reports to the landlord is $0. As you know, the cost of the screening reports is paid directly by the tenant to Cozy. The reports are delivered directly to the tenant, since they are the purchaser, and then the tenant shares those reports with the landlord."

Post: App fees limited to $25 in WI??

Dawn Anastasi
Posted
  • Rental Property Investor
  • Milwaukee, WI
  • Posts 6,201
  • Votes 4,343

Here is the actual WI statute:

704.085  Credit and background checks.
(1) 
(a) Except as provided under par. (b), a landlord may require a prospective tenant to pay the landlord's actual cost, up to $25, to obtain a consumer credit report on the prospective tenant from a consumer credit reporting agency that compiles and maintains files on consumers on a nationwide basis. The landlord shall notify the prospective tenant of the charge before requesting the consumer credit report, and shall provide the prospective tenant with a copy of the report.
(b) A landlord may not require a prospective tenant to pay for a consumer credit report under par. (a) if, before the landlord requests a consumer credit report, the prospective tenant provides the landlord with a consumer credit report, from a consumer credit reporting agency that compiles and maintains files on consumers on a nationwide basis, that is less than 30 days old.
(2) A landlord may require a prospective tenant who is not a resident of this state to pay the landlord's actual cost, up to $25, to obtain a background check on the prospective tenant. The landlord shall notify the prospective tenant of the charge before requesting the background check and shall provide the prospective tenant with a copy of the report.

Post: Tenant Applicants say the dumbest things

Dawn Anastasi
Posted
  • Rental Property Investor
  • Milwaukee, WI
  • Posts 6,201
  • Votes 4,343

> 99% of contacts don't read the ad - I can't count how many people have actually asked how many bedrooms and bathrooms there are, and what the rent is!!

This is why I just write up a reply and copy/paste it to everyone that messages me. 

Post: Looking for GnuCash users

Dawn Anastasi
Posted
  • Rental Property Investor
  • Milwaukee, WI
  • Posts 6,201
  • Votes 4,343

I use Cozy for property management, and Sage 100cloud for accounting (I have multiple properties and multiple LLCs and it handles everything well). I also use Google Drive for storage, and Google Docs/Sheets for documents and spreadsheets.

Post: Engagement vs. Down Payment?

Dawn Anastasi
Posted
  • Rental Property Investor
  • Milwaukee, WI
  • Posts 6,201
  • Votes 4,343

Cubic zirconia is the way to go.

Post: AASEW June Meeting - "Best Practices"

Dawn Anastasi
Posted
  • Rental Property Investor
  • Milwaukee, WI
  • Posts 6,201
  • Votes 4,343
Originally posted by @Josh Rowland:

@Dawn Anastasi I forgot to ask if my wife, Carolyn Rowland, could be added to the list as well. 

Thanks

Josh 

 You're good to go! See you tonight!

Post: AASEW June Meeting - "Best Practices"

Dawn Anastasi
Posted
  • Rental Property Investor
  • Milwaukee, WI
  • Posts 6,201
  • Votes 4,343
Originally posted by @Jake Harrison:

Hi Dawn,

I am currently not a member but would like to check out the event tonight. Could I be added to the list?

Thanks much,

Jake Harrison

 I have added you to the list!

Post: Milwaukee low income Rentals

Dawn Anastasi
Posted
  • Rental Property Investor
  • Milwaukee, WI
  • Posts 6,201
  • Votes 4,343
Originally posted by @Eric D.:

Renting to low-income tenants is almost a sure way to lose money.  Especially if you are out of state.  

The only way to do it is to run it like a slum-lord.  Minimal upkeep, industrial strength supplies at cheap prices.

I'm going to disagree with you on this. I do not advocate 'minimal upkeep' on properties. You want to make sure your properties are taken care of otherwise larger problems can present themselves.

I work with lower-income tenants and I take care of my properties. I make sure that the roofs are in good condition, the siding, replace windows if they are not energy-efficient, etc. I basically ask myself, "would I live in this house?" and I have to answer "yes" to this.

It's never a good idea to purposely be a slumlord.