All Forum Posts by: Frank Procopio

@Sam Hadad I work out of Syracuse but have investors in Rochester and typically travel out there once a month. If you are looking for a good pm I can put you in touch with a woman a few if my investors use in Rochester. She manages in the 19th ward.

I just signed up for crexi, much more affordable than loopnet. Really like it and it gives you the info of everyone that clicks on the property so you can follow up 

You are going to need to start with some smaller rentals. You need to make sure this is something you even enjoy first. Commercial lenders want to see experience also, I have seen them tightening up on that alot lately and denying people with limited experience for loans 

Corey I will email you Paige's number with liberty mutual 

YES!

yes send me your email and I can let you know your options 

You should have a rules and regulations page that goes along with your lease. That being said there has to be something in your lease about being a good neighbor etc that you can use. Highlight it and serve them a notice to vacate 

@Nathan G. You are totally correct but the majority of my tenant base, over 90 percent, is section 8. So I know that his is cutting me my check. My units also fill faster because they don't have to come up with a large down payment. I see the arguement on both sides but this has worked well for me. No more fighting in court over a deposit. It would cost $500 just for the attorney is find myself just giving it back because I didn't want to waste time and money

I got so tired of this that I only charge a $99 security deposit now. I build the cost of the rest of the deposit into the monthly rent spread out across the year 

You would need to check with your local codes. For example near our college the houses must have a special zoning to do that. They actually zone the home inn/lodge. If it doesn't have that zoning and the certificate required by codes associated with it then the landlord cannot rent by room