All Forum Posts by: Idan Narotzki

@Rich Kniss thank you very much for this tip. I didn't know it.

Any chance you can direct me to the website?

Thanks!

Hello everyone!

Background: Just Bought SFH for rental. The property had tenants. I switched the property management company. After getting some details, I got told by Old PM and listing agent, that only the tenants have the property keys (the PM doesn't).

How popular is that? -  that only the tenants have the property keys? 

Now, the new PM told me, that she will ask the tenants to copy the keys. Now, I wonder what should I do, if the tenants say NO? - that they are not allowing to copy their keys.  One detail that might be relevant is that their lease ends at 7/31/19, and probably they want to continue renting the property.

Thank you very much for your ideas and perspective!

@Com M.

What do you mean by premious?

@Nancy P.

Thank you very much. Did everything you said apply when using PM, is it possible to do those checks?

(From your comment, it sounds that you manage the houses)

HI dear all, 

I just close my first SFH rental deal in C+ neighborhood. While working to set insurance, I've noticed the insurance company DOES NOT cover intentional damage caused by tenants. They said that maybe some company can cover it for a very expensive fee (above 120$ per month).

- As a beginner in RE, I am wondering, how do you PROTECT yourself from such a scenario? 

I understand that a good screening process can make a huge difference. 

1. How involved can I be in the screening process? and what should I must verify in it? 

2. I've heard about "keys for cash" concept, which basically means reward the tenant with 500$-1000$ (I should get 900$ rent), if he didn't ruin the house, when the lease ends. What do you think about that? Does anyone do it? 

Thank you very very much for your help!!!

HI Dear experts!

Just bought my first rental SFH in 64138 KS, MO. I living out of USA. Wonder if anyone has any beginner tips?

Some background: The SFH has already tenants, I have PM and set insurance.

I am trying to understand If I miss anything; Things like special rules in KS that I should be aware of maybe? Or any specific things that I should be aware of. Did you have something, that you wish that someone would tell you after your first SFH?

Would appreciate your tips. 

Thank you very much!

Hi All!

I encountered the website: https://www.bbb.org/

Does anyone know it? I am trying to find good PM for SFH, and wonder if this website reviews should be highly considered(?).

Is it reliable?

Thank you very much!

Hi All!

I encountered the website: https://www.bbb.org/

Does anyone know it? I am trying to find good PM, and wonder if this website reviews should be highly considered. 

Is it reliable?

Thank you very much!

Hi investors/pms/good people :)

I am about to do my first agreement with PM. I read some property management contracts; In all of them, the agreement was for a YEAR period. 

How common is to make an agreement on MONTH to MONTH base?  

Since it's my first SFH in the area (64138 KC, MO), I want to judge the PM by performance/personal experience. Sound legitimate? Can I expect PMs to agree to this kind of request? (starting with Month to month contract)

Thank you very much!

Hi All, 

I am just about to close a deal for my first SFH at KS MO.

Currently, working on insurance, trying to understand "Tenant protector plan" (by NREIG). I feel like I missing something in the picture. Why should I pay money to make insurance for the tenant?? 

I am adding here, their Brosure, that explains it. 

At this point, I can't really see a reason to get that Insurance for SFH.

I'll be glad if someone could show my new perspective.

Thank you very much for your help!