All Forum Posts by: Gregory Schwartz

Ask for the name of his lawyer. Tell him you'll give him a call :) 

This is one of the reasons why we tell tenants they need to vacate the property for any major repairs. 

If you don't plan on allowing 4+ cats in your rental in the future you shouldn't start now. We have always said we will run our business, as much as possible, as if it's 10x the size it currently is. If you're running a large portfolio then you would have policies and procedures. In this case, how many cats do you allow in your units? If she has too many then she has to either get rid of some or move out. 

 How do I search for this?

 I dont know the specifics of the case. I have been only contacting those people who sign up or request info but would like to start some cold out reach. 

A local agent recently got sued for calling an old client who was on the Do Not Call list. It seems ridiculous, but that's the world we live in now. With the increasing number of lawsuits and penalties for TCPA violations, I'd like to cover my backside and remain compliant.

How do you scrub your lists to ensure you’re not contacting people on the Do Not Call list? Do you use any tools or services to automate the process, or is it something you manually handle?

@Jose Martinez Do you want to grow or coast? 

Growing means refinancing or selling in order to acquire more assets. Adding value and seeing how big the empire can get. Of course, growing has inherent risks involved. Just like doubling down on a bet you could lose it all. 

Coasting means taking risks off the table. Paying off the notes, working to pre-emptively make repairs to capex items before they fail or become a major issue think roof, HVAC, and foundation. You increase the likelihood that you continue to receive that $8,500 each month. 

Maybe while your portfolio goes into a coast mode you can take advantage of growing personally or starting a new business. 

We use one checking account per LLC. Then we keep the accounting straight via Quickbooks with each unit a different Class. This way I know which unit is a stud and which is a dud.

Coaching can be great. Personalized advice given from years of experience can really accelerate your business. That being said due to the number of sharks out there I would only spend money that I can afford to lose. 

If $10k will make or break you then stick to all the amazing free recourses on BP, podcast, YouTube and local mentors. If you have $100k saved up, maybe you can afford to try out a well-vetted coach. 

 This is from personal experience, the housing authority is the problem. The section 8 tenants I've managed have been easy to work with. So yes I don't willingly giving up control to a sluggish governmental agency haha 

Interesting... Has any other state passed similar laws? I'm curious to hear how other property managers and landlords are navigating this.

Here in College Station, TX, I don't accept Section 8 applicants. I don't foresee Texas implementing a similar law, but I'd be interested to know how this change has affected others.

Side note: It's not the Section 8 tenants that I'm avoiding, it's the government bureaucracy that comes with it.