All Forum Posts by: Jeff Gates
Jeff Gates has started 23 posts and replied 479 times.
Post: How to reject a tenant application
- Investor
- Cathedral City, CA
- Posts 481
- Votes 170
Originally posted by @John D.:
Hi, I am new to landlord . Need some advice how I reject a tenant who has a bad credit score and criminal back gourd the right way. following all guidelines. Please advise. Thanks
The correct way. Use a letter like this.
https://leaseze.com/pdf/adverse_action_notice.pdf
Post: Bookkeeping for rental property
- Investor
- Cathedral City, CA
- Posts 481
- Votes 170
Some software packages export to schedule e
Post: How to handle final utility bill?
- Investor
- Cathedral City, CA
- Posts 481
- Votes 170
In my area the tenant leaves the water bill unpaid and the company comes after the landlord.
Post: Question about rental ad formats? What works for you??
- Investor
- Cathedral City, CA
- Posts 481
- Votes 170
This one is a good one
https://www.landlordology.com/create-the-perfect-rental-ad/
Post: Question about rental ad formats? What works for you??
- Investor
- Cathedral City, CA
- Posts 481
- Votes 170
Craigslist is a pain. Your ad keeps moving to the bottom. Rarely people search, they just poke around and look. In some areas your ad is so far down in 15 minutes.
Post: Do any of you purchase rentals purely for future appreciation?
- Investor
- Cathedral City, CA
- Posts 481
- Votes 170
When selected carefully SFH do better. Some of mine went up 100K each in three years.
Post: Management software
- Investor
- Cathedral City, CA
- Posts 481
- Votes 170
Originally posted by @Jurgis Kirsakmens:
@Jeff Gates if you are relaying on free app, then you or your customers are probably the product (to advertisers)
Your assumption, not always
Post: First lawsuit from tenant. Please advice...
- Investor
- Cathedral City, CA
- Posts 481
- Votes 170
I suggest you have warranty period for the first 30 days for items tenant are responsible for. That way a tenant can never argue with any validity that the home was not in the correct condition. As you know there are move in inspections. Landlords must make sure these are taken care of carefully and signed by both parties. Then any agreement to fix issues should be resolved quickly, within a reasonable time period. All these steps, close opportunities for tenants to cause problems. My guess here is the rents are high for most people in today's market and they struggle to pay these amounts. So they might choose a property that is less than they are accustom to.
Post: Management software
- Investor
- Cathedral City, CA
- Posts 481
- Votes 170
If it cost more than FREE, it cost too much!
Post: Paypal to collect rents??
- Investor
- Cathedral City, CA
- Posts 481
- Votes 170
Originally posted by @Charlie Price:
I do use PayPal quite a bit. I normally eat the first transaction fee, then let the tenant know that if they would like to continue to pay their rent with PayPal that they have to pay the extra 3% for that convenience. Some do it for the convenience. You can also get a PayPal credit card scanner gadget for next to nothing that you can plug into your phone and scan people's credit cards. You can even take their credit card number over the phone and charge it remotely in a pinch. Same 3%, maybe 3.5%??
I also always set up bank accounts near my properties and give the tenants deposit slips. I coordinate their payments with their apartment number, and have then write their apartment number on the deposit slip. Like apartment 1's rent would be 700.01, apartment 2's rent 700.02. So on and so forth. The bank teller green bed then a receipt for their records, I have them send a text when they pay. Then I confirm online and check them off the list for that month. Works fairly well for us.
So what is 3% of a $2000 rent payment? Are you saying a tenant will pay $60 (each month) just to pay you rent?