All Forum Posts by: Jeffrey Donis

@Sam Albury I agree with @Dylan Vargas. It sounds like you should just wait. At least the tenants are performing. It might not be ideal for you to leave them in place until the moratorium is listed, but it seems like the best option at the moment. 

@Cathy Malmrose Yes, I'd talk with a CPA.

If you're looking for passive income, but without the landlord responsibilities, you should look into investing in an apartment syndication. Passive investing in an apartment syndication would check all of those boxes!

Hope that helps. Good luck! Let me know if you have any questions.

@David C. Yes, property management fees are an expense. 

@Katarina Ostojic Yes I believe @Colleen F. is correct. States typically do not provide lease agreements. But, they're fairly easy to come by!

@Mallikarjun Reddy Pateel I would try to find another property management company, but I wouldn't consider you should manage the 5 unit yourself. Especially if you're out of state. This would make it hard for you to go to the property if you need to. Also, you want someone there to be your "boots on the ground." You can hold a property management company accountable in case something doesn't go as planned.  

@Peter Morgan I agree with @Scott M.. Since that unemployment income isn't stable, and it's bound to go away sooner rather than later, it's not reliable. Therefore, that shouldn't go into your income considerations. If they make enough after you remove that unemployment income, then you should be fine.

@Ben S. I agree with @Will Gaston. If you don't want to test it, then tell them they can leave and find another place and you can find a new tenant. 

I don't think they can force you to get it tested for meth. 

@Bouche Yelverton You can simply cold call realtors in your area to see who'd work with you.

Or, go to a local real estate meet up. you might meet a realtor there or meet an investor with an investor-friendly realtor.

Hope that helps

@Joe Rivera I'd look for some word of mouth referrals. This will lead you to the best title companies. If there are any local meet ups in your area, that'd be a great way to network with other investors and ask them which title companies they use. 

@Ricardo Ramirez I'd say either one, depending on what the other party is comfortable with.