All Forum Posts by: Jackie Hung
Jackie Hung has started 2 posts and replied 5 times.
Post: Anyone has a facebook page for your property and post vacancies on FB marketplace?
- Posts 5
- Votes 1
Facebook is changing it's rule for real estate rental free ads on marketplace. Business pages will no longer be allow to post. You must use a personal profile to post. Anyone found a better way to do advertise on FB marketplace without using your personal account? My only workaround now is to use a different personal account just for posting ads.
Post: Converting coin laundry to card laundry
- Posts 5
- Votes 1
Originally posted by @Sam R.:
@Peter Mosites, I bought Speed Queen washer/dryers with a card system called Spyderwash. Tenants can use credit cards or their phone to pay. A complete setup for each location including washer, dryer, card readers, bluetooth hub, and installation was $5500. Monthly per location I pay $20 for internet and $10 for the card service. My locations are a 10-unit building and a 7-unit building. I do make profit. Unless your triplex has bigger units with families, it would not be worth it for a financial investment. Maybe just consider it just for a tenant amenity and relieving you the hassle of quarters.
@Sam R, how did you get $20 internet service? I asked around and the cheapest is $60 through the cable company. Would love to find out how else to get cheap internet.
Post: Electronic rent payment vendors - eRentPayment or alternatives
- Posts 5
- Votes 1
Hi, I am currently using eRentPayment. I have just leased to a new tenant and this is a tech guy but he was having a hard time getting it set up. I am partly to blame as I didn't send him the email template that I got 2 years ago when I set up with the first tenant (who would remember something from 2 years ago!). I simply use the eRentPayment link to send the instruction but apparently he needed a renter code. I have to ask their customer services.
Pros: (1) once it is set up, it is pretty much all automated. (2) email customer service is usually pretty quick turnaround within 1 day. (3) $3.00/transaction is pretty reasonable for 1 property
Cons: (1) can be hard to set up for tenant because you need to remember to send them a renter code (2) takes 7 days to get the deposit in the bank (3) no phone support, email only.
I'm wondering if anyone else use a different vendor. Note: Zelle is not an option for high rent payment. Zelle caps the very first time between two parties at $250 and subsequent transactions max at $2500.
I saw someone else posted about Cozy reversing rent. I have not run into problem but keeping that in mind as well.
Post: HELOC on an investment property
- Posts 5
- Votes 1
Don't want to do CO refi. Currently rate at 3.65% can't be beat. So far only CU will do NOO HELOC no bank yet. CU has the highest CLTV at 80% from SCE and PenFed.
Post: HELOC on an investment property
- Posts 5
- Votes 1
I called both PenFed and SCE and they will not do NOO HELOC if the property is a LLC. Anyone else have experience? You need LLC for asset protection for rental so I feel stuck.