All Forum Posts by: Gary B.

I am interested in a lot that has city approved plans for a SFR. Is it possible to get conventional financing to buy + fund the construction ?

Best, Gary

Thanks @Bryan Balducki. where do you get templates for lease documents + disclosures ? 

Hi fellows, I need to rent my SFR. Can you recommend what website I can use to screen tenant and sign lease documents in California?

Thanks, Gary

i have a 5 unit investment property. I need to live in a good school district and need to move, however I do not want to sell my primary home. hence looking for option how can I move. questions:

#1 can i 1031 exchange 5 unit into a single family residence ? 

#2 is it possible that I rent exchange SFR from my LLC either on my or my wife's name and live there as a tenant for few years before making it my primary residence. - not sure if this is an option

#3 is there any other way i can 1031 into SFR for primary residence use.

Hi Fellows, what are the laws that govern if ESA animals can start for free with tenants ? it is easy or hard to categories the animal as a ESA ? 

Best, Gary

@Nathan Gesnermarket rent for my units is $950. currently resident manager's unit rent is $775 and she is on Section 8. Her compensation today:

1. She does not pay $575, portion of her rent in section 8

2. I pay her 40 hours per month at minimum wage as a resident manager. 

Hello Fellows,

I have a resident manager who is on Section 8 in my 27 unit apartments. My property management company says that they cannot a credit logging since she is on Housing. I end up paying her 40 hours per month and free lodging. I only get $200 from HUD that is the part HUD pays.

Anyone has handled Section 8 resident manager compensation structure better than this setup?

Best, Gary

Hello Fellows,

I have a resident manager who is on Section 8. My property management company says that they cannot a credit logging since she is on Housing. I end up paying her 40 hours per month and free lodging. I only get $200 from HUD that is the part HUD pays.

Anyone has handled Section 8 resident manager compensation structure better than this setup?

Best, Gary

@Joshua Adlam - it is a law in California that I need to have a resident manager for property with 16+ units. 

@Nathan Gesner / @Filipe Pereira - thanks for sharing some ideas. I will try to add these things in her employment contract. 

Hi Fellows,

I have a 27 unit apartment complex. I inherited resident manager and she does not much but I still have to keep her on property manager’s payroll that I had to pay anyways.

I wanted to ask what sort of duties an on-site manager does for you ?

My property manager says resident manage cannot perform repairs on property, is there any sure regulation / law around it ?

Thanks, Gary